I am Baiyue, I just dug up two explosive pieces of news, one is a huge good news, and the other is a ghost story on the market; looking at them together, the flavor completely changes! I must clarify this for you today.


News: A windfall has fallen from the sky, 12 million USD is being splashed!


Let's start with the good news, directly showing the chart! Aster has made a big move; starting today (December 22), and lasting until early February next year, they are putting out a total of 12 million USD in real cash for perpetual contract trading incentives! This event lasts for 6 weeks, with the weekly prize pool able to reach up to 2 million USD!


Does it sound exciting? But hold on, here's the key: this money isn't given for free; the prize pool can only be unlocked based on the total trading volume of the perpetual contracts on the platform. If the trading volume doesn't reach 100 billion USD, the weekly prize pool will be halved to 1 million; only if it exceeds 150 billion can you get the full 2 million. It's clear that the project side has invested heavily to stimulate trading and heat up the market! Moreover, this is synchronized with their airdrop plan, and the intention is quite obvious: they want popularity, but also funds and trading depth.


Technical aspect: Reality is harsh, the price is at a critical level of “lying flat”!


Good, a heavy positive news has come down, let’s see how the market reacts. Strange! The current price of ASTER is $0.7024, almost sticking to the “target support 0.7014” marked on the chart!
Above, it’s densely packed with resistance: the key level at 0.7500, rebound resistance at 0.8820, not to mention the high pressure at 0.9900. Below, the recent strong defense line is the bottom support at 0.5500. Looking at the trading volume, there are signs of shrinkage, indicating that in the face of this level of positive news, the funds are not actively following up and are all waiting and watching. The order data also shows that the forces of both bulls and bears are relatively balanced around the current price level, with neither side having an absolute advantage.

Therefore, Bai Yue believes that the price itself is at a critical choice point, neither going up nor down. In the case of an unclear trend, major positive news has become an excuse for both bulls and bears to compete. Bears might think: “If such good news can’t push it up, shouldn’t it be time to fall?” Bulls are hesitating: “Should we take a chance to push up with the good news?”

What should retail investors do? Operating advice (the operating advice is only half, if you want to know the specific points, come find me)

For conservative investors: Don’t get excited, be a spectator first! Going in now is like running a red light with your eyes closed at a crossroads. The best strategy is to “watch more and act less,” waiting for the market to choose its direction. Focus on observing the effectiveness of the 0.7014 support and whether the 0.7500 resistance can be broken with volume.

For aggressive short-term players: if you must operate, remember to use light positions and set stop losses. You can try to bet on a rebound with a very small position near 0.7014, strictly setting the stop loss below 0.6980. Alternatively, wait for the price to rebound close to the 0.7350-0.7500 area, observe if there are signs of resistance, and consider shorting with a light position.

My view is: in the short term, the price will most likely continue to oscillate between the lifeline support of 0.7014 and the key resistance of 0.7500, using time to exchange for space to digest this news and the selling pressure above. The lower support at 0.5500 is a strong support area and is not so easily broken. However, breaking through heavy resistance above also requires new and sustained buying power.


Retail investors should do is “patiently wait for opportunities, act decisively and accurately.” Follow Bai Yue to receive daily live strategy shares + cutting-loss guides! If you don’t know how to time the market, you can follow Bai Yue, who will analyze in real-time in the group and provide the best current entry points.Chat room