🌍In the past 24 hours, a total of 98,736 people globally were liquidated, with a total liquidation amount of $257 million. The largest single liquidation occurred on Hyperliquid - BTC-USD worth $4.6389 million.
🔥Has the short-term bullish sentiment been exhausted? Who is bottoming out below 90,000?
From the data, although the turnover rate has decreased compared to before, it is still very high. The trading in the last 24 hours has mainly been by short-term investors who are betting on whether the Federal Reserve will send dovish signals tonight.
The result of Powell's speech did not turn more dovish, and the market feels that the short-term bullish sentiment has ended. Next, it may face the bearish impact of interest rate hikes, so those who bottomed out below 90,000 in the past few days have become the main force in trading.
However, from the position structure, it remains very stable. Even if the price has dropped a few times, the people stuck at high levels and the early holders have basically not moved, still patiently waiting and watching.
Most people tend to buy and invest wildly when they have USDT, resulting in repeated fluctuations throughout the entire bear market. In the end, it might be better to just hold onto BTC and ETH; even if trapped, at least they can bring you back to new asset highs. Meanwhile, many people, after a round of turmoil in the bear market, find their principal dwindling, making it very difficult to return to new asset highs.
If you don't understand or can't grasp the direction, remember to follow me 👇
✅ Today's market analysis:
BTC
Today, pay attention to whether Bitcoin can return to the 90500-90200 support zone again; this is a potential entry opportunity. If there is a deep pullback, please focus on the 88600 level. The first target for next week's rebound is to break through the previous high of 94000, with 95200 as the first take-profit target for long positions.
SOL
SOL is currently blocked near the 137.7 resistance level mentioned yesterday. The current support can continue to focus on around 132, observing if there is another entry opportunity. If a spike occurs, watch the 127.5 level. Short-term resistance is at 141; after breaking through, it could aim for 144.3.
ETH
Ethereum stopped falling near the 3130 support zone yesterday, missing it by about 10 points. Today's trend is relatively weak, with lower support focusing on the 3125-3110 range, and the watchpoint for a spike is at 3060. The upper resistance level is at 3388; if it can effectively break through, the rebound target next week could be seen at 3485.
BNB
Today, please pay close attention to the 881 level. As long as the 4-hour level does not break below this level, the bullish trend can still be maintained, with upward resistance focusing sequentially on around 894, 905, and 915. If the 4-hour level breaks below 881, this round of upward momentum may end or enter a deep pullback, with lower support focusing sequentially on around 872, 860, and 845.
👀 How to safely eat a whole cow? After BTC starts, how to switch to mainstream coins that haven't risen!
Regarding the current market, I am not obsessed with the bull-bear division. The crypto market is no longer the size it once was, especially BTC; unless a global crisis erupts, an extreme bear market with collective institutional withdrawal is unlikely.
The core logic is: true gains are often accumulated in bear markets (through continuous dollar-cost averaging or holding), while in bull markets they are realized; most losses are caused by blindly chasing highs in bull markets, which only become fully exposed in bear markets.
Therefore, my strategy is: hold BTC long-term as a ballast, waiting for the bull market to start. The market is usually led by BTC, then spreads to mainstream coins. After BTC rises, some profits can be taken to rotate into mainstream coins that have not started, capturing rotation opportunities. This way, you can avoid the huge risks of altcoins in a bear market while participating safely in altcoin trends through BTC profits. Even if mistakes are made, it won't hurt the principal.
In short, make light predictions and focus on responses. Focus on the long term, ignore short-term fluctuations, accumulate chips in the trough, and prepare for the next cycle.
🤡 Don't want to get caught in the rat race? Buy on dips? Choose these coins for a comeback!
My $BeeDog has bounced back to around 1 million! The community of this meme coin is really resilient; after the official airdrop to KOLs, the market dropped to tens of thousands, yet the community remained active and confident, and it bounced back in half a month!
If you don’t want to get involved in the chaos in BSC and prefer to make steady long-term profits, just buy on dips into $HakiMi, $CursedPenguin, and $BeeDog, which are WEB2 meme coins with spontaneous consensus.
As long as this type of market has been hot before and hasn't cooled down, it will generally fluctuate with the market; the bottom is clear, and it has consolidated for a long time, giving ample time to enter, just need to be patient and wait (at least look at the daily line). Short-term returns are not high, but suitable for brothers who hold long-term!
$ZEC
ZEC's technical pattern is clear, with key resistance looking at the 450-470 range. I personally judge that the probability of a breakout is high, and if it successfully rises, the target could be above 500. Is there anyone willing to be my counterpart? Are you daring to short in this resistance zone?
$PIEVERSE
Pieverse will unlock tomorrow in airdrop, and there will definitely be selling pressure; the price has been digested in advance, and I estimate there are quite a few hedges. Will it crash like before with the MMT? I’ll take a long position first, aiming for 0.6 as the first target!
