In the last 24 hours, a total of 102,185 people were liquidated globally, with a total liquidation amount of $204 million! As expected, there was no continuation of the sell-off overnight, and the market is gradually stabilizing, with sentiment easing. The fear and greed index rebounded from 11 yesterday to 16 today. In the best case, within 5-15 days, at worst, a month, a wave of medium-short term market is brewing!
Today's pullback continues to go long, the certainty of tomorrow and the day after may not be as high as today, tonight's North American opening will provide specific insights, be bold during the day!
BTC
BTC opened the day with a long lower shadow and a bullish candlestick. The daily line has been oscillating downwards along the MA30, which has now been lowered to around 90000, meaning that if BTC cannot break and stabilize above 90K in the short term, it will continue to test the previous low of 85000 and may even drop further. Therefore, do not chase the rise near 90K, be cautious of getting stuck.
1) There are two upper pressure levels: important pressure level 89000, 4-hour bearish OB (91300-93400)
2) Key positions behind BTC: 83800, 82200, 80600. These three positions are experiencing layered declines and rebounds, and may eventually approach the 70K area. Let's see if the main force will accumulate here.
ETH
ETH daily candlestick forms a bearish doji, the downtrend is very obvious, lower high + lower low, the previous high was 3177, approaching it presents an opportunity, the lower Bollinger Band is slowly opening downwards, creating space for a downward move.
(1) The upper resistance focuses on the positions of 2980 and 3030, and high shorts should enter around here.
(2) Already holding a short around 2950 yesterday, just continue holding, target lower levels 2910, 2850, and 2800 here. This week's bearish target is 2600, and the wave target is 2500!
The probability of interest rate hikes in Japan exceeds 90%, the U.S. CPI expectation is 3.0%. Based on oil prices and tariff information, there is a high probability of 2.8-2.9% being bearish, there may be an opportunity to induce a short before the release. The uncertainty of the news hitting the market, combined with the relatively low position last week, actually presents a good opportunity to go long.
$NIGHT
$NIGHT is one of the newly launched coins, performing better than any other coins! When the big coin is falling, it remains stable, can be said to not follow the market at all! Such coins generally tend to experience significant increases!
BEAT, PIPPIN
Highly controlled coins, short-term means quick in and out! Don't get emotionally attached to players like BEAT, PIPPIN, just make a profit and run. This type is here to harvest, after a huge spike it can suddenly cut in half for harvesting, take profits and go, don't be greedy. Price pullbacks to the daily MA30 or 4H Bollinger Band lower band should be added gradually. Take profit at previous high resistance levels, stop loss at 5-7%. Absolutely do not chase highs, strictly control risks.
Dogecoin
The 4-hour chart of Dogecoin is a textbook-level example of 'horizontal support and resistance'. Support and resistance levels are not strictly a single line (a price with integers), but a price range (allowing for dynamic tolerance space, which is caused by the attempts of bulls and bears to break through at key positions that result in testing failures).
HYPE
HYPE is currently in a state of continuous oscillation and decline, having already dropped to 26, still not showing signs of acceleration or explosive volume. Combined with the upcoming launch of Lighter and the full release of its positive news, if it accelerates down to around 20 (the price at the previous 10.11 liquidation), it is a position worth considering for entry.
The market situation changes rapidly, entry and exit positions should be determined in real-time, follow the trend and enter accordingly! No matter how high the confidence level, please strictly implement the take profit and stop-loss strategy! That's all for today! Follow me, don't get lost!
