In the past 24 hours, 104,369 people worldwide have been liquidated, with a total liquidation amount of $372 million. As the international situation escalated last night, financial derivatives began a widespread rebound, except for the crypto;
The current daily chart shows the price action within a critical breakout point, with up-and-down wicks clearly indicating that the major players are using this tactic to clear out the market. A trend reversal is imminent.
BTC
BTC closed with a long lower green candle candle this morning, marking two consecutive days of gains and continuing its slight rebound. The expected resistance level is around 69,000-70,000, near the upper Bollinger Band on the 8-hour chart . The key focus remains on the April 10th CPI data; with oil prices surging, the figure is expected to be very negative, potentially triggering a sell-off before the data is released. The main strategy remains to prioritize shorting on rallies.
1) The plan is to short when the price goes up to the 69,000-70,000 range . If it doesn't reach that level, just wait and see!
2) 65000 is the short-term bottom (a drop below this level indicates a bearish trend). Buying below 67450 is likely to be profitable. Do not open new long positions above 68000 until a valid breakout above 72000 is achieved.
ETH
ETH's rebound momentum is insufficient, a death cross has formed on the weekly chart, and the bottom consolidation period is too short. The probability of a significant short-term rebound and a return to an upward trend is extremely low. In a large-scale downtrend, any rebound should be viewed as a shorting opportunity.
(1) Currently, ETH is forming an M-top with the high and low points moving down on the four-hour chart. The main strategy is to short above 2141 and not to go long.
(2) ETH did not break through 2100. Long positions can wait until around 2010 (with a stop loss at 2000). However, short positions at 2082-2092 can be closed at the middle position of 2060-2050. The short should be moved up to the 2142 area.
SIREN
Today, the price plummeted from $1.70 to $0.27, a drop of over 80%. The reason is simple: excessive concentration of funds in the market. One entity controls 50-88% of the supply. Previously, AI-driven narratives pushed the price up to $4.80, but large holders unloading their holdings combined with leveraged liquidations caused a complete collapse. It's a classic meme pump and dump, leaving retail investors holding the bag. The shares haven't changed hands yet, so don't rush to buy the dips in the short term; the risks are still very high.
ALGO
The ALGO daily candlestick chart has just started to show signs of life, and the indicators are not overbought, suggesting a potential successful breakout.
$ARC
The daily chart for $ARC is showing a positive trend, and there has been recent buying activity from a whale(with substantial funds). Short-term price fluctuations are significant. Assuming the whale is not a short-term trader, there is a certain probability that they will take over the position. It's worth keeping an eye on.
HYPE
HYPE is currently at minor support, with significant liquidity and strong resistance around 34.5. If it falls to this level, consider going long for a rebound. Since this is a daily chart, it will take time to consolidate.
NOM
NOM just rose on low volume, and the daily chart has now reached the resistance of the 120-day moving average, which is the first signal of a top. However, for this kind of knock-off, we still need to look at the strength of the major players behind it. The low volume may be due to reduced selling pressure.
If you have open positions, you can close them out. If the price breaks through 0.0065, you can re-enter. If it falls below 0.006, set a stop-loss order according to plan. This way, we can maximize profits and minimize losses, making it very cost-effective.
RIVER
The RIVER is facing resistance around 20.8. Although the price action hasn't completely broken through that level, it has broken below the 4-hour 120-period moving average support, indicating an overall neutral stance. A bearish outlook is warranted near the resistance level, with a stop-loss order placed if the price breaks through successfully. This strategy offers relatively high risk-reward ratios and is worth watching.
NIGHT
NIGHT is currently performing well. It surged after its launch, followed by a period similar to most newly launched contracts, but recently trading volume has increased, indicating that major players are intentionally manipulating the market. Many projects are currently engaging in price manipulation, and NIGHT, being relatively new, is unlikely to miss this opportunity.
