Yesterday's continuous rise has not yet resulted in a sufficient pullback, so avoid chasing the rally and selling at a loss. The current pattern shows signs of a bull trap, and a pullback is expected. Be patient and wait for the pullback to end and support to solidify before positioning for potential trend-following opportunities in February.
In the past 24 hours, a total of 133,426 people across the internet have had their positions liquidated, with a total liquidation amount of $452 million. Long positions were liquidated for $194 million and short positions for $259 million.
Today's four most popular cryptocurrencies are trending around key support levels, and their closing prices will directly determine the short-term direction on the 1-2 hour chart. Specific trading strategies are as follows:
BTC
Bitcoin's key level today is 96920. If it closes above this level, the 1-2 hour pullback may be over, and the price is likely to move upwards. Resistance levels to watch are around 97940, 99800, and 101500.
If the price fails to close above 96920, the pullback may continue, with support levels to watch around 95700, 94660, and 93510.
ETH
Ethereum's key level today is 3330. If it holds above this level, the short-term pullback may be coming to an end, and the next resistance levels to watch are 3400, 3445, and 3490.
If the price closes below 3330, it may continue to pull back, with support levels to watch around 3275, 3227, and 3170.
BNB
The key level for BB today is 940. If it closes above 940, the pullback may be over and the market may turn upward. The resistance levels to watch are around 955, 970, and 985.
If the price fails to recover above 940, pay attention to the support levels around 929, 917, and 907.
SOL
The key level for SOL today is 145. If it breaks through and holds, the short-term pullback may be over. The upside resistance levels to watch are around 148, 152, and 156.
If the price remains below 145, pay attention to support levels around 143, 140, and 137.
The market rally led to a return of liquidity, benefiting both mainstream and Altcoin.
Interestingly, some cryptocurrencies that previously dominated the top gainers list have actually declined. For example, Pippin, River, and IP, which were wildly popular during market fluctuations, have now disappeared from the top gainers list, and some have even started to decline. In fact, this is a normal manifestation of a healthy market cycle.
The current BSC on-chain meme frenzy has paused, but it's by no means over!
The recent decline is driven by the overall market trend; not only is BSC falling, but SOL liquidity is also shrinking. The previous AI hype surrounding SOL and the controversy surrounding BSC's leading position were too intense, and things inevitably reverse; the market needs to cool down. The two days ago, the stocks $Dark Horse and $Laozi on Alpha were the final harvest signal in this round of BSC price manipulation.
However, crypto memes never truly disappear; they simply cycle. As this cycle ends, the next begins. When everyone thinks BSC is hopeless, Binance, EqualOcean, and Alpha will all make moves. Currently, on-chain meme are focusing on new concepts, not old ones; each new cycle brings new ideas. If you want to ride the second wave of the market, prioritize assets with a market capitalization of over one million (SOL). Don't blindly buy the dips; wait for a clear rebound signal before entering the market!
$RIVER
This Rivers trade was flawless. Short precisely entered the short position at the peak, successfully capturing over 30% of the drop, resulting in a profit of more than seven times their initial investment! Their strength speaks for itself. Half of the profit has already been secured, and the gains are safe!
$LINK
Many people ask about LINK. It's a mainstream coin, with low volatility and low risk, making it very stable. Risk and reward are inherently proportional. From a technical perspective, if it holds above the daily resistance level of 15 in the short term, it could challenge 17. Crucially, popular RWA examples like ONDO and PLUME rely heavily on LINK's oracles at their core.
$ICP
Will ICP's current surge be able to replicate its previous 3.6-fold increase that propelled the entire storage sector? Currently, the US AI sector is booming, with memory modules and SanDisk prices soaring, but the crypto storage sector remains stagnant. We're keeping a close eye on established storage coins like FIL, AR, and STROJ.
$ONDO
Ondo's multisignature wallet transferred 25 million ONDO tokens, worth $10.19 million, to five exchanges, including Coinbase. It seems the ONDO project team was hesitant to unlock a large amount on the 18th, so they absconded early.
