Bitcoin has dropped directly to 88000 without any warning, while Ethereum remains above 3000. This may be due to rumored sales by Z, or it could just be back-and-forth contract harvesting. Regardless, the spot market remains calm, so be ready to catch the dip at any time!
In the past 24 hours, a total of 130,892 people across the network have been liquidated, with a total liquidation amount of $413 million, including $341 million in long liquidations and $71.1985 million in short liquidations.
Weekend brief update:
From the daily perspective, Bitcoin and Ethereum have entered a clear rebound phase since hitting their recent lows. Although there have been multiple pullbacks during this period, none have broken key support levels, and the bottom structure continues to rise, showing a step-like upward trend. Currently, the price has reached a strong resistance area near previous highs. The charts indicate that it is currently in a normal correction process, and overall it is still operating within an upward channel, with no signs of a breakout. Key operational points:
BTC
The weekly structure of Bitcoin still leans bullish (see below), the key daily support to watch is around 88,000. As long as it does not effectively fall below, the trend remains bullish.
ETH
Ethereum: The daily chart is the main reference (see below), short-term upward movement needs to focus on the resistance at 3228 and 3436. Only with continuous breakthroughs can we further look towards the area above 3600 on the daily level.
Currently, it is advisable to maintain a rebound mindset. As long as the pullback does not break the support, one can continue to hold or choose to increase positions, and follow the trend after breaking the resistance.
Altcoin
Try to minimize operations on altcoins. Especially when the market is unstable, they tend to show excessive fluctuations with sharp rises and falls or a rush to cash out for profits. In the following weeks, you may be severely trapped in that downward trend. Therefore, try to reduce the frequency of attacks.
$LUNA
Yesterday's Luna saw a wave of upward assaults, with the overall volatility now exceeding 50%. However, for this type of ticket, it is better to wait and see; certainty is more important.
$LUNC
The bankruptcy coins suddenly surged, but these LUNA series and FTT series coins have always had a nickname: the doomsday chariot. If you understand, it means you are an experienced trader.
$HYPE
HYPE is currently very weak. The previously launched DAT favorable news has also been basically ineffective, and coupled with the weakness of the overall market, the price lacks support. Unless the team can clarify the token unlocking rules, reduce selling pressure expectations, or introduce substantial actions such as S3 airdrops, it is still suitable to remain bearish. The platform data also appears weak, with Hyperliquid's daily active users only at 4000, and the heat of US stock contracts is also declining.
