The crypto space is truly a 'mixed bag' right now! Some coins are being frantically snapped up by institutions, some coins have been sentenced to death, and others are making the short sellers cry in the bathroom – this article clarifies the operational logic of popular coins, make sure to bookmark it!

BTC/ETH: Stuck at a key level, only a breakthrough will create opportunities!

BTC: $92k-$94k is the lifeline

Bitcoin has returned to the resistance range of $92,000-$94,000! Now it's up to the bulls to show their strength: if they can break through this range, the next target is directly aiming for $100,000; if they can't break it, it’s very likely to fall back below $90,000, the back-and-forth is too exhausting~

ETH: 3400 USD determines the direction

Ethereum is charging towards the resistance level again! The key is whether it can stabilize above 3400 USD on the daily chart: if it stabilizes, it will run towards 3700-3800 USD; if it doesn't stabilize, it will have to test the support at 3000 USD again, don't blindly chase highs, wait for a clear direction before taking action!

SOL: The 'potential stock' that institutions are buying wildly, buying a little every day is not a loss!

If you have to say which altcoin is currently most favored by institutions, SOL definitely ranks first! The flow of funds for this asset is very strong:

  • ETF has been through for almost two months now, no matter how the market falls, funds have been secretly increasing their positions, completely unafraid;

  • Coinbase has added DEX trading functionality for the Solana ecosystem directly in the official App, which is equivalent to opening a 'green channel' for SOL;

  • From JPMorgan to Nasdaq, traditional financial giants are moving to the Solana chain, and the ecosystem is becoming more stable!

Remember: Follow the market funds, don’t be misled by various bullish and bearish news! SOL is currently a key target for institutional layout, buying a little every day to slowly accumulate, making money is just a matter of time~

Terra system (LUNA/LUNC/USTC): Game over! Founder sentenced, 40 billion losses to be paid

The Terra system has completely collapsed! Founder Do Kwon has been sentenced to 15 years in prison, and the 'collapse disaster' he created evaporated 40 billion USD, triggering a chain reaction: FTX went bankrupt, the trust in algorithmic stablecoins completely collapsed, and the crypto market has directly entered winter~

Now LUNA, LUNC, USTC have already dropped significantly, this wave is not a simple correction, it’s a complete landing of bad news, there’s basically no chance for a comeback, don’t think about bottom fishing, don’t touch it at all!

ZEC: The short-sellers are trapped, and the market maker is making money by 'sideways' trading!

Recently, the short-sellers of ZEC have been too miserable! Originally, many people opened short positions hoping to profit, but they are getting trapped more and more, and some reckless ones continue to rush in, simply stubborn to the extreme~

Especially the 'short-seller leader' who had the largest position, originally in profit, but failed to close the position, now it has turned into a loss! Although they reduced some positions when it dropped to over 300, most of the positions are still in there. Fortunately, the whale has enough margin, with a liquidation point at 1057U, temporarily safe, but it will be harder later on:

The market maker has no intention of making a big move, just maintaining the current price in a sideways manner, making money every day from collecting funding fees! Don’t be misled by the fact that fees are only collected every 8 hours; with a large position, the earnings can be quite substantial~ They can also use the collected funding fees to slowly push up the price, exhausting these short-sellers!

So ZEC cannot be shorted, the key is to take profits when you see them, run quickly if you’re in the green, don’t be reluctant, what you have in hand is real money!

Summary: Wait for BTC/ETH to break out before taking action, SOL can be ambushed with small positions every day, the Terra system is directly blacklisted, and don’t be greedy when shorting ZEC.