In the past 24 hours, 106,000 people worldwide have had their accounts liquidated, with a total liquidation amount of $631 million. The market is in bloodshed; are you one of the survivors?

The key assessment for this week is: first, observe the performance of US stocks given the withdrawal of liquidity, and then see whether BTC and ETH break down or remain in a range-bound trading pattern.

The current market is experiencing an oversold rebound, so heavy positions are not recommended. Participation with small positions is sufficient. Those already holding BTC/ETH spot positions should continue to hold, maintaining the strategy of adding to positions, and patiently waiting for stabilization signals.

BTC closed positive on the daily chart.

Bitcoin's weekly chart closed below the previous low of 65,000, indicating that the downtrend is not over and this is unlikely to be the bottom of this round. However, the four-hour chart shows a volume-driven upward trend, suggesting a potential rebound.

In terms of trading strategy, given the limited upside potential, it's not recommended to chase the price higher. Instead, consider short at higher levels. The optimal short point for shorting is around 65,000 for a small initial position, with a larger position possible at 66,000.

Long, you can enter near the pullback level on the four-hour chart. It has already retraced to 62343, so you can consider entering at market price and placing the stop loss below the previous low.

Buy ETH on dips, U-shaped bottom forming.

Ethereum fell all the way to 1503 last week. Although the drop was sharp, it didn't truly break below 1500. Now, the 4-hour chart shows a large U-shaped bottom, with a relatively concentrated trading range of 1620-1640. As long as it doesn't decisively break below 1620, the bulls should be fine, making it a pretty good entry point for buying on dips.

You can try a small long position on a pullback to 1626-1648, initially targeting 1700-1720. If it breaks through, then target 1750-1780. Place a stop loss at 1620. If it falls below, exit immediately without hesitation.

Altcoin

There used to be a very effective method: when the market crashes, if a certain coin doesn't fall much, it means there are big players supporting its price. You can hold this coin with confidence, as it's likely to rise later. For example, this method was almost always effective in 2023 and the first half of 2024.

But now, market manipulators have changed their tactics. They deliberately prop up prices during market crashes to attract more buyers, then once the market stabilizes and other cryptocurrencies rebound, this particular coin starts to fall further. For example...

ENA looked very resilient when the market fell a couple of days ago, but it turned out to be just an illusion. Therefore, this method should be used with caution now.

The market is constantly changing, and we must change with it. The only constant is change itself. However, there is one exception: Binance Life.

To be honest, I don't dare to short it now, but a drop is only a matter of time. Most retail investors are too scared to chase it now, leaving the big players in a dilemma. They might as well just push it up to over $1 and wait for the market to completely panic before reaping the profits.

SIREN has more than doubled since its bottom of 0.44, and the candlestick chart shows that it has been consolidating for a while. We have basically guessed the intentions of the major shareholders.

I opened a short position this morning and have already profited from the 233.45% drop. For those who missed out, do you think the market makers will start acting erratically next?

SOL

SOL can be shorted when it rebounds to between 67.5 and 68. This is valid until 4 PM today; once that point is reached, stop trading. Take profit at 66.25 to 65.25. The resistance level tonight and tomorrow is 68.5 to 69.75. If this level is broken, look for 70.75 to 71.5, where a short position can be taken.

GENIUS

This coin broke below its low and then recovered, finding strong support near the new low, forming a bullish wedge pattern. It has rebounded every time it reached support before, and this time is no exception. At the current price of 0.45, you can open long positions in batches, adding to your position around 0.42, which should at least allow you to capture a significant rebound.

ZEC

ZEC fell below 250 and quickly rebounded to around 400. At first, I thought it was a shakeout, but now I'm a bit unsure. This isn't the first time the "vulnerability" issue has been hyped, and it always makes me nervous, but the project team and community seem used to it. Although the price has bounced back, there's still a lot of upward pressure, and the market will likely remain highly volatile and volatile in the short term.

HYPE

After touching support, it rebounded and is currently still rising. There's minor resistance around 65, but the overall trend is strong and it's possible it will break through to a new high.

BEAT

It's at the top of the gainers list, almost hitting a new high; the market is overheated. These small-cap coins are manipulated by major players, driving up the price to create a buying frenzy. I'm planning to place a short order at 4.5; if I'm going to short, I'll short the most aggressive one.

Reminder: Hold your spot positions firmly, and exercise caution with leverage. Don't easily go short unless key levels are broken. Follow me to understand every breath of the market.