Last night, after the main force spiked, there was a pullback, showing some rebound strength. But now we are in a bull-to-bear phase, and don't look at the market with a bull market mindset anymore; the bottom will only get lower, and so will the top. As long as there is a decent rebound, be bold and short! Looking at the longer cycle, it's not too late to short at any time; what's late is your hesitation to enter the market.
In the past 24 hours, a total of 156,953 people have been liquidated across the network, with a total liquidation amount of $541 million, of which long positions accounted for $421 million and short positions for $120 million.
BTC
Bitcoin has formed a long lower shadow after testing key support levels at night, and the trading volume has increased, indicating initial signs of a bottoming out. However, from a larger cycle perspective, the bearish trend of Bitcoin has not changed, and it is overall in a large range of fluctuations.
Not long ago, it fell to the lowest point of around 80600 and then rebounded to a maximum of around 93000. Bitcoin has not broken through the key resistance level of 94050. It is currently still testing back and forth; the key is looking at the weekly line to determine direction, with strong support in the 82500-83000 area.
Operation suggestion: Buy near the pullback around 85100-84700, defend 84000, target around 86500-87000, if broken look at 87800-88300, if not broken then short.
ETH
Previously suggested to buy near 2730, those who followed have already made dozens of points in profit. It is recommended to take profits on long positions in batches and retain part of the position with a breakeven stop loss. Since the cost is below 2730, this decline is as expected, being both a second bottom test and at the low point of an ascending wedge, the weekly closing situation this week needs to be closely monitored to confirm the subsequent trend.
From the indicators, multiple divergences have appeared, which is a signal for a stop and bullish outlook. After the second bottom test ends, the market will enter a small-level main upward wave. If strong, it will accelerate directly upwards; if weak, it will first fluctuate and then rebound, with strong support to watch in the 2670-2700 area. Personally, I tend to favor a direct acceleration after a consolidation, aiming for a major target of 3000.
Operation suggestion: Buy near the pullback around 2760-2740, defend 2700, target around 2825-2845, if broken look at 2880-2910, if not broken then short.
Shanzhai
Douyin market $Eggplant looks like it is about to break through, I have a 300,000 position that I haven't sold.
Yesterday, most of the Douyin markets popular on BSC are not doing well, but this $Eggplant is still quite stable, having dropped to over 300,000 in market value several times without collapsing. It and $Amigatido are from the same development team, which is very good at catching hot spots and playing memes.
Currently, $Amigatido has stabilized at a market value of over one million, and it continues to grow steadily every day. $Eggplant is likely to be next!
$ZEC
Although I am not optimistic about ZEC's future, Navel's recent call can be described as epic: 1. Timing, Chen Zhi's billion BTC was collected, privacy coin narrative directly maximized; 2. Location, early investors + huge chips, controlled plate for years; 3. Human factors, Wall Street background + global followers, a tweet is a signal gun. The perfect three elements are in place, pure call violently drives the market.
Let's review the hot coins again today.
New coin
$tcg: The narrative is The Collector Group's official streaming token, with a maximum price of 1.3M, currently 620K.
$bear: Highest 2.4M, currently 1.3M, in decline.
Newly listed coin
$Success: Reached a new high of 3.6M, currently 2.8M.
$Amigatido: Reached a new high of 1.4M, currently 1M.
$kabuto: Reached a new high of 5.6M, currently 4.5M.
$moncock: Reached a new high of 3.1M, currently 2.2M.
Old coin
$griffain: Rose from the lowest 11.8M on 11.22 to the highest 24.7M, currently 22.3M.#加密市场回调
