The current period of easing tensions is a minor positive, and a short-term rebound is likely. After the initial surge and subsequent consolidation, a further decline is expected. The strategy is to buy first and then sell, which is highly probable. The only variable is another statement from Trump, which could disrupt the overall pattern.
In the past 24 hours, a total of 81,022 people across the internet have had their positions liquidated, with a total liquidation amount of $233 million. Long positions were liquidated for $109 million and short positions for $125 million.
BTC
Bitcoin encountered resistance at a short-term resistance level and was immediately pushed down, falling as low as below 69,000 before rebounding. The price action has formed a head and shoulders bottom pattern, and the minor pullback has confirmed the right shoulder low, so shorting is not short for now.
The key level to watch now is the neckline resistance at 71,500-72,000. If it breaks through, the head and shoulders bottom pattern will be officially established, and the rebound will likely reach the previous high. Now that the head and shoulders bottom pattern has formed, I plan to wait for a pullback to long, entering the market in batches between 70,000 and 69,000.
Bitcoin's 1-hour and 4-hour charts show head and shoulders bottom patterns, indicating a high probability of a short-term rebound. Let's first observe a rebound.
ETH
Ethereum also has a short-term rebound potential. Technically, it's forming a head and shoulders bottom pattern, and a bullish rectangle has formed on a smaller timeframe, with the right shoulder already completed. As long as it doesn't fall below 2100, the head and shoulders bottom pattern is essentially confirmed, and once formed, the rebound could at least reach the previous high.
Looking at this bullish rectangle on a smaller timeframe: if it weakens, it might retrace to around 2130 before rising again. If it's strong, it will rebound directly. I plan to long in batches within the 2130-2100 range, aiming for a rebound first.
BNB
Today, BBIN is targeting 636. As long as it retraces but doesn't break below that level, the 1-2 hour uptrend will continue, with resistance levels around 650, 665, and 676. If it breaks below 636 and fails to rebound, then a pullback will occur, with support levels to watch at 620, 607, and 592.
SOL
Today, we're watching 90 for Sol. If it doesn't break below that, it will continue to rise on the 1-2 hour chart, with resistance levels around 92, 95, and 97. If it breaks 90 and fails to rebound, then a pullback will begin, with support levels at 88, 85, and 82.
Look at today's top gainers list:
Yesterday, MEME rebounded, and today AI and privacy coins are experiencing volatility. I think we should keep an eye on the DeFi sector next; it's been quite volatile, with coins like $AAVE, $CRV, and $RAY seeing their prices amplified several times over.
As long as the overall market remains stable, and these cryptocurrencies are currently severely oversold with decent fundamentals, once BTC breaks through 72,000, DeFi and similar cryptocurrencies are likely to rebound as well.
On-chain
Whether it's a project invested in by Binance or a product they promote themselves, traditional marketing methods are inevitable. But those methods are too generic and lack any memorable elements. Everyone's here to trade cryptocurrencies; frankly, pumping the price is the most effective way to attract attention.
Therefore, the most direct way to promote a product is to create a similarly named platform on the blockchain, maximize its popularity, and generate a "benefit effect." This will generate a hundred times more buzz than traditional marketing. While promoting the product, on-chain liquidity will also increase, and you can also cash in on retail investor funds—a win-win-win situation with maximum profit.
The previous Titan (_2024111120230_) probably followed this pattern. It was a product that seemed to have nothing to do with encryption, and before anyone could figure out what was going on, it inexplicably emerged from a bunch of on-chain meme.
Today's $BinanceAiPro also validates this logic. $AtlasScout is very likely to be the next one. These three stocks also have something in common: before taking off, they all hovered around a market value of several hundred thousand for a period of time.
From this perspective, companies with a strong product concept are actually more likely to achieve Alpha status. Titan and BinanceAiPro have already reached the million-dollar market capitalization range. As long as they maintain this level, launching an Alpha product when they want to promote it a second time will be a natural progression.
From now on, any product Binance launches will most likely follow this path; it feels like they're turning it into a streamlined production line. Let's not be prejudiced, especially those who like to engage in two-stage marketing. Besides the two "saints" (referring to two powerful figures who influence product sales), we can't ignore Binance's future product concepts.
