In the last 24 hours, a total of 112,821 people have been liquidated globally, with a total liquidation amount of $421 million! Take good care of your positions; there is still room for a rise tonight, continue to reduce your positions, but be sure to keep some base positions; wait and see what the European main forces do for new intraday opportunities; once a trend emerges, you can't just chase after every move, you need to hold some low-cost chips!
BTC
Bitcoin broke through the rebound high on December 3, creating a new rebound high since November 21. The BTC triangle pattern has transformed into an ascending triangle, which is a bullish pattern. A breakout above 92600 will challenge the two positions of 94185 and 96012. The first step has been completed, and next
1) Bulls need to defend 89500; if it does not break here, there is a chance to challenge 96012.
2) Price 96012 has liquidity gathering above, and it is likely to have a pullback after reaching it.
3) Important pressure at 98000-100500 on the 4-hour chart, shorting in a quality range.
ETH
ETH's exchange rate continues to strengthen, breaking the triangle formation. The last pullback has not taken off directly. The current price has touched the peak of the main upward wave, as the previously predicted level for the main upward wave was 3380-3420u, which has now been reached. However, it seems likely that it will continue to rise.
(1) A pullback to the 3150-3130 range can be an opportunity to enter a long position, with resistance around 3420. You can take partial profits for your low long positions here.
(2) The pullback momentum on the 2-day chart is strengthening. If it breaks 3420, it is expected to reach the upper Bollinger Band on the 2-day chart, around 3626, so you can partially position long here.
Tonight, in the second half of the night, there may be sharp fluctuations up and down; small funds should not participate. Regardless of whether it's a low long or high short, stop-loss points should be set.
Shanzhai
PIPPIN
From January 24, 205, when it launched at 0.164, it fell all the way to 0.0094 on April 9, starting the accumulation phase, and remained sideways until October 22 before it began to take off! Until yesterday, it reached a new high of 0.34832U, and its market value has now reached 324 million!
After launching, every day is about sharp spikes; the market makers have money and patience, with both longs and shorts in position, charging you a funding fee every hour! If you use high leverage, I'll liquidate your position; if your leverage is low, I'll take your funding fees! Unless you run away once you make a profit, otherwise, everything will be taken by the market makers! Only buying spot won't get you harvested! But you have to be able to hold it!
Just now, the ratio of long and short positions in the contract reached 0.31, with 76% of accounts shorting! Isn't this enough of a counterparty? The market makers don't even need to pump the price; they can just sit here and eat the funding fees until they're full!
BEAT
BEAT is not very promising in the long term, but in the short term, it is clear that it is not finished yet. After this wave of corrections, I feel it can be an opportunity to buy on dips. The market makers have not yet sold, so it looks like it could move anytime, just like PIPPIN! Expecting to buy long around 1.1!
BGB
An oversold signal was triggered near EMA100. The conditions for an upward move are in place, but this rise can only be considered a rebound for now. To confirm that the trend has truly reversed, the key is whether the price can rise back above EMA21. Only by standing above EMA21 can the bearish structure be considered over, providing a basis for bullish continuation.
New on-chain gameplay
The main domestic market for BSC and the main international market for SOL has not changed, but currently, there are more domestic hotspots and fewer international ones, so naturally, there are more new domestic coins in BSC. Especially with the saints occasionally coming out to bring goods, the P potential is higher.
BSC = Domestic PVP nuclear bomb zone
Two saints and one voice, thousands of troops rushing, news IP can be finished in a few hours. There are many positions, rushing fast, running fast, with no real patterns or beliefs. The old positions are particularly dead, hard to fluctuate.
SOL = Douyin traffic harvester
The SOL chain now primarily issues high-traffic Douyin coins. Big players in the Chinese region are all in BSC, while SOL is relatively quiet. Although liquidity is weak, its sustainability is slightly stronger. Small caps with hundreds of thousands have a longer survival period than BSC. The probability of large caps playing in two or three segments is also high.
In short, BSC is currently focused on quantity over quality, while SOL has low quality and no volume. Brothers, choose based on your own preferences, don't rush blindly; there’s no stability in a dogfight, securing profits is safer.
Market conditions change rapidly; specific entry and exit points should be determined in real-time. Follow the trend once it breaks!
