The market forever oscillates between greed and fear, and right now, undercurrents are swirling. In the last 24 hours, 79,948 people worldwide have had their accounts liquidated, with a total liquidation amount of $185 million . Behind this number lies the heartache and helplessness of countless investors.
Bitcoin: A slow, gradual rise.
BTC has been hovering at high levels for the past two days, looking bullish. It even hit a new high the night before last, reaching 79444. This morning it closed with a bullish green candle with a long lower shadow, marking four consecutive days of gains, with both the lows and highs gradually rising.
The price is currently hovering around 77,900 . It looks like the bulls are gaining a slight advantage, but this "slow and steady" upward movement is actually the most dangerous – it could easily experience a sudden sharp drop . If it does drop, it could wipe out a week's worth of gains in just two days.
In terms of operation, it can be viewed as follows:
Short-term short positions : You can try shorting with a small position size at 78500–79600, with a take-profit target of 77700–77755. Don't chase the short position below 77000 , as the daily chart structure hasn't broken down yet.
Bullish defense : Keep an eye on 76500 ; a break below this level could signal the end of the bullish run. For a true confirmation of a bearish reversal, we need to wait for a break below 73500 .
Place a short order above 79500. Every time a new high is reached, the price will likely drop quickly.
Ethereum: Head and Shoulders Pattern Emerging
ETH has now formed a fairly clear head and shoulders pattern. Although it dipped slightly, it quickly recovered and did not break the lower support line.
Once this pattern is confirmed, there will likely be at least one more upward rebound, with a target around the upper resistance level. Wait patiently for the rebound to reach its target before considering shorting.
Operation suggestions:
Intraday resistance : around 2338. If the price reaches the 2338-2360 range, consider closing half of your position and moving the remaining amount to a stop-loss or take-profit order.
Greater resistance levels : the weekly Bollinger Middle Band (2430) and the monthly EMA30 (2464). A strong breakout from the 2422–2464 range is needed to establish a foothold above 2388–2440. Short-term trading should focus on buying in batches on dips; don't rush.
Bullish opportunities : Hold onto some long positions whenever the price retraces to the 2300-2250 range. If it breaks through 2366, you can add to your long positions for even greater confidence.
Altcoin
DOGE
DOGE has been receiving a lot of positive news lately, so it might be worth allocating a small amount, but it hasn't really taken off yet. For spot trading, we'll just have to wait. I've been mainly trying to profit from the price fluctuations these past few days, trading in USDT between 0.09555 and 0.09850, taking small profits and running quickly.
Short-term support is at 0.09450 and resistance is at 0.09925. A long position can be considered below 0.09600, within the 0.09555-0.09455 range, with a stop-loss at 0.09436; exit if the price breaks below this level.
KAT
KAT has clearly peaked. Three consecutive bearish candles failed to break the previous bullish candle, and the price surged only to be sold off, leaving a large number of trapped investors who simply couldn't absorb the selling pressure. Funds are flowing out, open positions are shrinking, and a downward channel has emerged. Short-term resistance is at 0.01649, and the 0.13 level is just the first hurdle. Weak market makers are distributing their shares without looking back; don't wait for a second wave, any rebound is a buying opportunity.
LAB
LAB and RAVE are at the same level, but LAB is backed by real products—700 million in trading volume, 3.5 million in revenue, and 80% of profits used for buybacks and burns. The top 10 addresses hold as much as 96% of the positions. After consolidating at the bottom for five or six months, it broke through 0.55 with increased volume and surged to a new high of 0.772. Now it is retracing to 0.65-0.68 to confirm support.
The operation is very simple: wait for the price to pull back to 0.65-0.68 and stabilize before entering. The first target is 0.91, and the second target is 1.06-1.20. Place a stop loss at 0.56 and do not exceed 5% of your position.
STO
This is a classic pump-and-dump scenario for STO. A 43% surge in a single day led to a sharp increase in open interest, but the long-short ratio of large investors dropped from 2.15 to 2.05, clearly indicating they were closing out long positions and opening short positions. Over 60% of retail investors were still chasing the price higher, effectively becoming the opposing side in the market. Adding to this, the staking volume of its core project, StoneETH, shrank by nearly 30%, meaning it has virtually no fundamental support.
The likely scenario is this: a surge to 0.125-0.13 to lure you in, followed by a sharp drop below 0.105, falling to around 0.095 within 24 hours, and finally retracing to the starting point of 0.08. Every upward move presents a good opportunity to short.
Altcoin are experiencing a stark contrast, with most experiencing explosive growth that only lasts a day or even an hour. Preserving your principal is more important than seizing every opportunity.
