In the past 24 hours, a total of 142,618 people worldwide have had their accounts liquidated, with a total liquidation amount of $606 million. There were three trading opportunities yesterday and in the early morning, two during the day and evening, and one in the early morning. Most people probably missed the early morning opportunity! However, after a good night's sleep, the price returned to its starting point.
This rapid surge and plunge in the early morning is a signal of a market reversal. If you manage your positions well, you can profit from several more waves yesterday. Keep your pace steady.
BTC
Last night, Trump announced that the tariffs would no longer be in effect. This morning, BTC closed with a bottoming doji green candle, indicating a rebound. BTC is currently oscillating between 90400 and 87500 on the 24-hour chart. The support at 87500 remains strong, while the resistance level is at 90400. This range-bound trading is recommended.
(1) Resistance is at 90400. If it breaks through and stabilizes, it will fluctuate in the 90400-93100 range. The 4H MACD shows signs of a golden cross cross. The 1H chart shows a divergence between volume and price.
(2) Wait for a breakout and stabilization at 90400 on the right side and long, with a stop loss at 88500 and targets around 92400 and 93100;
(3) Buy low and hold at 87500, defend at 86300, target 88700 and 90400;
(4) Short at 93100 on the left, defend at 95100, target 91100 and 90400;
ETH
ETH surged to the 3070 area before encountering resistance and falling back. It rebounded from the 2970 level this morning, but the highs continue to decline, and the bearish technical structure remains unchanged. Until a reversal signal appears, the short-selling strategy remains in place.
Ethereum's resistance levels to watch are around 3050, followed by the 4-hour moving average at 3100 and the daily moving average at 3170. Consider shorting around these levels, with targets at 3000, 2900, and 2800.
SOL
SOL is nearing a bottom on the daily chart, showing a potential head and shoulders bottom pattern. Whether there will be a rally in January and February depends on this move. If it fails to break through, it will be a full-blown bear market. If it does break through, there should be another wave.
Furthermore, many altcoins have recently seen huge volume spikes on the daily chart, theoretically indicating another rebound. Let's observe the reaction of the mainstream altcoins first.
SAND, MANA
The metaverse cryptocurrency sector is starting to move. SAND has recently received positive news, and its monthly and weekly charts show bottoming patterns. If this were a mainstream coin, it would definitely surge. I also bought a small amount of MANA at 0.17. Both are quite strong, so I've set a stop-loss order to see if they can rotate in a wave. However, mainstream coins aren't performing well right now, so I'm unsure if altcoins can have a rally.
AIA
AIA is the only AIA that was delisted and then relisted on Binance. Currently, its market capitalization is very low, so I've re-established a position, long at 0.2. Most of the previous long positions have already been shaken out. My initial target is 0.245-0.283. There's still a good chance of a rebound starting today, so follow the trend and profit!
CHZ, SANTOS
There's not much to speculate on right now. Focus more on the World Cup. A pullback in Fancoin is definitely an opportunity. No matter what the overall market does each year, Fancoin will always have its own independent trend. It's about time to buy in batches for spot trading.
From a liquidity and market consensus perspective, I still recommend the leading coin $CHZ and Binance-backed $SANTOS. Other fan coins are also worth considering, but they're really just for fun. Looking at the trading volume of fan coins, you can tell that there's still very little interest; they're still in the accumulation phase. Buying them is met with indifference, while selling them is met with great enthusiasm.
SENT
SENT has been listed on Binance spot, but it hasn't really taken off; the FDV is only 700M. Market liquidity is really poor right now, and Binance spot trading has almost no appeal. Aside from the guaranteed profits from Binance Alpha IPOs, most prominent VCs are losing money, and those who bought in pre-market are practically bankrupt.
$SKR
SKR listed on CB, and its price has surged nearly fourfold since yesterday. The phone that received a meme airdrop years ago is now a hot commodity again. This listing pace is worth watching; it seems VC is exploring a different path, employing a combination of Coinbase, Korean exchanges, and HyperLiquid. Judging from the airdrop, it seems the actual number received wasn't that high, suggesting a relatively controlled level of liquidity.
Currently, the long/short ratio on HyperLiquid is 0.61, the trading volume has reached 10 million, and the total profit is only around 16,000. If SKR can break out of the $grass line, the market will probably change drastically again.
Market conditions change rapidly; entry and exit points should be determined based on real-time market conditions. Follow the trend after a breakout! Regardless of your confidence level, strictly adhere to stop-loss and take-profit strategies! That's all for today! Follow me to stay on track! If you're unsure about future market strategies, follow Sweet Dream on WeChat: RFGH8689
