The crypto remains turbulent today. Data shows that in the past 24 hours, a total of 135,205 people worldwide have been liquidated, with a total amount of $405 million.

Yesterday's CPI data was released, with the May annual rate surging to 4.2%, a three-year high. The numbers look alarming, but the market didn't crash last night. The reason is that while Trump threatened to bomb the market if an agreement wasn't signed tonight, he also laughed and said, "I like this kind of inflation."

I've lost count of how many times Trump has wavered between a ceasefire and renewed conflict. Let's stop fantasizing about geopolitical conflicts being beneficial for hedging and therefore good for BTC. The reality is: when US stocks rise, BTC rises slightly; when US stocks fall, BTC crashes.

BTC: Buy low and sell high

Those who shorted Bitcoin at 63,000 last time took a 2,200-point profit and exited. Now, the daily chart shows three consecutive negative days, with both highs and lows trending downwards. The rebounds lack volume, indicating a clear low-volume rise, and the overall price is still oscillating within a range, currently hovering around 62,000.

In terms of trading strategy, it is recommended to buy low and sell high, with a strong stop-loss order in place, and primarily focus on shorting on short. Short-term resistance is seen at the daily EMA7 (green line), around 62950-63000. A short position can be placed at 63000, with a secondary position at 64400, a stop-loss at 65800, and initial targets at 61500, followed by 60600.

The key support level to watch is the 60300-59000 area. A break below 59000 would accelerate the decline; if it holds, the two days surrounding the Fed meeting next week will be crucial. Consider buying near Long rebound, with a stop-loss at the previous low of 59100, and targets of 61500 and 63000.

ETH: Double bottom completed

Ethereum is slightly weaker right now, but the double bottom has likely been completed. I'm holding long positions from around 1625, currently with a floating profit of about 30 points, and I plan to hold them a bit longer to build a position. If my double bottom prediction was correct, there should be a small-scale upward rebound following this.

The market's second bottom test landed precisely at the 0.618 Fibonacci retracement level, forming a descending wedge pattern, which is a bullish formation. If this bottom test is successful, the high should at least touch 1850, which is the 1.618 Fibonacci retracement level. How it will move after that remains to be seen. Currently, we need to watch the resistance level at 1710, the starting point of the smaller wedge pattern; a break above this level would accelerate the rebound.

Altcoin

The secondary market is currently dominated by speculative cryptocurrencies, such as...

velvet、$btw.

The recent phenomenon is obvious: futures-only coins easily rise 10 times, while spot coins are capped at 3 times. Coins with spot trading have limited gains, while those with futures contracts can multiply many times over. The reason is simple: insufficient control over the supply, coupled with high selling pressure in the spot market. I've thought about it, and here's how to play it:

First, take only the spot tokens you can afford to lose. For those coins that have been trading sideways for a long time, holding onto a small position for a long time can actually yield high returns.

Second, keep a close eye on any unusual activity in on-chain addresses. For example, there were signs of activity in the tokens before $beat launched.

Third, analyze the order book and the intentions of the major players. For example, $btw, if something seems unusual, there must be something fishy going on.

Fourth, enter the market during a major crash: Look at the 5-minute and 15-minute candlestick charts. If there are a few support lines, take a gamble and double your money. If you lose 10%-20%, get out decisively.

DOGE

I'm going long on Dogecoin around 0.083. Although the price action is sluggish, the price itself is quite ridiculous. The SpaceX rocket launch generates its own buzz, and concepts like Starlink and Mars colonization are all tied to Dogecoin's space-related memes. Once the rocket launches, I don't expect it to go much higher; a return to 0.1 shouldn't be a problem. I'll buy in now and set a stop-loss if it falls below 0.08.

H

H has already started to rise, and it's almost doubled since last night. With a makeshift operation like this, once there's a lot of short, the project team won't dare to push the price up further; otherwise, they'll be attacked from both sides. So, those who buy the dips in at the bottom should take their profits and run; don't lose the big picture for small gains.

SILVER

SILVER has reached a key support level. If it holds, there's a chance it will consolidate and form a bottom before starting a new upward move. If it breaks through the line, it's very dangerous. You can consider placing a stop-loss order to try your luck.

WLD

The recent surge in WLD's price began with its parent company's investment in OpenAI, resulting in a 50% jump on the first day. The key turning point was Musk losing the lawsuit. OpenAI, which was initially expected to go public this year, has now postponed its IPO to next year, essentially dashing those hopes. I've shorted some WLD at the current price, targeting the bottom of the daily chart's consolidation range.

USELESS

USELESS has been accumulating shares for over three months and is currently in a pullback phase after its initial surge. This month, BTC has experienced a significant drop, but USELESS has largely avoided following the decline and has even risen against the trend, making it a good time to enter a long position at the current price. This position should be held for at least half a month to a month, with a stop-loss below 0.4, although a retest of 0.048 is possible.

HYPE

After HYPE peaked at 75, major players were clearly unloading their shares. The long upper shadow at the high level, coupled with a sharp drop on high volume, indicates that most of the funds have left, leaving only trapped positions above 60. Now, it has broken below the 5, 10, and 20-day moving averages, indicating that short sellers are in control, and the slow, grinding decline on low volume is frustrating.

55 is just a short-term support level. If it doesn't rebound to 60 with significant volume, it will likely break below 55 and move downwards. The major players need to consolidate and clear out high-level leverage before they can initiate a second wave. For trading, consider buying near 45-48, with a stop-loss order below 42; reduce long positions or open short positions around 62 on a rebound.

Reminder: Market volatility has been high recently. Please be aware of the risks, control your position size, and prioritize preserving your principal.