In the past 24 hours, a total of 112,989 people worldwide have been liquidated, with a total liquidation amount of $225 million. The pullbacks in BTC and ETH have been relatively small, without any further breakthroughs. For those looking to add to their positions on pullbacks, it's best to wait and see.
Do not attempt to place a breakout order before the price effectively breaks through and stabilizes at the resistance level. You can place a short order with a hard stop loss when the price is close to the resistance level. Do not long.
For stagnant or overvalued altcoins, you can try small positions to test the waters and see if there are any signals. But for BTC 2, you need to be patient and wait for the right signals!
BTC
BTC fell to a low of 73449 yesterday, not a significant drop, just a minor pullback. It has now rebounded to around 74700. The pullback has been small and there has been no further breakthrough. We can only wait for the pullback to add to our positions. If the second round of negotiations is positive, 76000 will be broken immediately. The dividing line between bullish and bearish trends is still 72000.
(1) Several key points after the breakout : 75450 (has been reached twice, it is not recommended to short again) ; 76600/76850 (small short positions can be placed), take-profit to be determined ; 77650/77700 (one lot can be shorted with a normal position), take-profit to be determined; 78850/79300 (normal shorting), take-profit to be determined; 79825 (normal shorting), take-profit to be determined; 82600 (the biggest resistance in April, long positions should be closed out at the end, and short-to-medium-term spot traders can also take profits in batches)
(2) Intraday support is 73500 and 72000, and resistance is 76000; intraday resistance is 74800-75200. If it rebounds from 74450 to 74800, it should be sold.
(3) This is just a bear market rebound. Don't get too excited. The rise is just a prelude to a better fall. The resistance level is at 78,000-81,000.
ETH
ETH's upward momentum on the daily chart is still strengthening, currently facing resistance around 2400. This 2400 level is bound to be broken; just wait patiently. I don't recommend repeatedly shorting at levels that have already been reached, as you'll be immediately trapped if it breaks upwards. Waiting for a new high is the safest and most certain way to profit.
(1) If the 2-day moving average resistance at 2360 is held, the next important resistance level will be the 3-day moving average at 2550.
(2) The 5-day moving average resistance at 2520 and the weekly Bollinger Band resistance at 2472 are not strong resistance levels, but they are the points for taking profits in batches for long positions, because they will not stand firm immediately, and short positions can also profit in time.
(3) The biggest resistance level in April is around 2646. If you short at this level, the risk-reward ratio is the highest, with a profit of at least 150-180 points. This is because it will retest the 2500-2444 level once.
LIGHT
The Bitcoin ecosystem is showing unusual activity, with Ordi and RGB 0.12 versions of LIGHT being worth a short-to-medium-term push. It's currently in the pre-explosion phase, with market makers engaging in aggressive pump-and-dump schemes, making it easy to profit. It's advisable to position yourself in advance.
PLAY
PLAY has been consolidating for at least 60 days, has no history of explosive price increases, low liquidity, and trading volume that has shrunk by at least 70%. After retracing and confirming a breakout above the previous historical high of 0.135, the price seems to have stabilized above the 0.15 level. The next move depends on whether the major players manipulating PLAY will launch a aggressive price surge.
BIO
BIO surged 98%, but don't let it cloud your judgment. There's no real positive news; it's purely a pump-and-dump scheme. It's a frenzy for small-cap coins, with trading volume increasing 14.5 times in 15 minutes and an IO/market cap ratio of 26.4%. Behind this high volatility lies a bubble that could burst at any moment. If you've made your money, get out quickly. If you haven't gotten on board yet, don't chase it. Don't let FOMO turn you into a bagholder.
$TRB
The oracle sector, with its first breakout on the 4-hour chart yesterday and consecutive breakouts on the daily chart today, is currently at $18.5! A rebound from this oversold condition isn't unreasonable, right? The initial target is around $40! With just a little manipulation by the big players, doubling the price is just the beginning!
FARTCOIN
FARTCOIN is a strong coin, with its price continuing to rise in the short term. The daily chart is approaching the resistance line; a breakout would signal the start of an upward trend, so it might be worth a shot. Additionally, the contract open interest is quite high, suggesting that major players may be accumulating positions at lower levels. Once that's complete, another surge could begin, so consider buying on dips!
