In the last 24 hours, a total of 96075 people have been liquidated globally, with a total liquidation amount of $268 million! After the Bitcoin and Ethereum sell-off last night, they quickly rebounded. Currently, overseas buying is strong, and the ongoing premium on Coinbase has proven this point. Furthermore, along with the resolution of crises like MSTR, liquidity is recovering.
Recently, CZ, BlackRock, Vanguard, and others have come out to shout their opinions, and everyone is optimistic about BTC's future trend. So hold onto BTC spot; we are not afraid at all.
BTC
Currently, Bitcoin is consolidating at a high level. BTC has formed a very standard triangular convergence pattern: slowing highs - rising lows - shrinking volume. This is a signal that a 'direction is about to be chosen,' and in the past, it often meant that the upcoming fluctuations would be larger than expected.
1) Maintain the view of continuing the rebound upwards. If 90100 is not broken, it tends towards the blue line; if broken, it tends towards the red line, with a target around 99000.
2) There is a liquidity accumulation point above at 96012. After the price breaks through, remember to take profits on part of the bullish position as it is likely to pull back.
3) The important pressure zone in 4 hours is 98000-100500. When the price reaches this area, it can take profits on most positions and then slowly turn to bearish.
4) 80600 serves as the recent bottom, not a mid-to-long term bottom. After the rebound, it will fall below, with BTC starting with a 7.
ETH
After ETH broke through the 3100 resistance level and confirmed the pullback, it fell at 3 AM, stopping out many bullish players. It clearly indicates a need for a correction, with dips in the 3120-3080 range, and a minimum of 3064 was quickly recovered. Currently, ETH/BTC shows signs of breaking out and strengthening, with ETH's rebound significantly stronger than BTC.
(1) A long position at ETH3100 has been initiated, with a protection set at 3130. Here, it feels like the bullish momentum is not strong enough, so we protect one hand first. When encountering this kind of market, the best approach is to treat it as a short-term play for the day.
(2) Key resistance above is at 3240-3260. If it cannot break 3260, we will continue to watch for a correction. However, once it breaks and stabilizes, it will also be a sign of a small cycle reversal.
ZEC
ZEC has rebounded as expected, with a bottom structure breakthrough, initiating a long position. The 8H daily line trend is very clear; after reaching a peak, it formed a triple top before falling from 750U to around 300U to find a bottom! The privacy track is long-term and in demand.
From the K-line perspective, ZEC has the opportunity to break through the downward trend line. It has now completely broken through the downward trend line with a significant rebound. Breaking above 400U can be seen as a reversal signal, with a chance to touch the pressure range above 420 and 450!
ZEC has certain support at 380 and 360 below. This drop confirms the bottom quite clearly, presenting a significant opportunity! Many people, even if they see it, have failed to seize it...
$M
High control + strong consensus, all transaction fees used to unlock MaxPacks—no detours, no withdrawals, no diversion, 100% back into the $M buyback pool.
M has recently dropped to around 1.3 with a large bearish candle. It is highly likely to consolidate around 1.3 for a while due to many airdrops unlocking, along with a recent wave of airdrops, all contributing to selling pressure. Therefore, the next half month should be a good bottom-buying period. You can wait until after the airdrop on the 6th and look for suitable prices to buy. If you recognize the project party, just hold the tokens and let the project party work for you.
