I am Qi He. I just finished watching the monitoring and took another look at the market, and I broke out in a cold sweat. The short seller known as 'Shanzhai Air Force Head' who made over 80 million dollars is crazily closing positions on ASTER! Meanwhile, the price has already dropped to 0.6820. Tonight, the key to the battle between bulls and bears may be right in front of us.
I know you are most concerned about whether it will continue to drop to 0.75 or even 0.65 tonight, or can it fight back to 0.838? What should I do with the chips in my hand now? Don't worry, I will explain it to you step by step.
News: Smart money is exiting
The actions of whales never lie. Monitoring shows that the 'shanzhai air force head', a master of shorting, is continuously liquidating ASTER and other cryptocurrencies, having completely liquidated 8 cryptocurrencies with profits reaching $83.14 million.
This is not a coincidence; it is a trend. At the same time, the 'BTC OG insider whale' going long on ETH has already incurred a floating loss of $36.84 million, with funding rate losses reaching an astonishing $2.49 million.
These whales can deploy hundreds of millions or even billions of dollars. Their information channels and data analysis capabilities far exceed those of ordinary retail investors. When such players begin to collectively retreat or shift, the signals behind them cannot be ignored.
Technical indicators: The chart tells the truth.
Open the 4-hour K-line chart of ASTER, and everything is clear.
In the MACD indicator, the white line and the yellow line are firmly below the 0 axis, and the bearish arrangement is obvious. The price has gradually retreated from the high point and is currently hovering around 0.6820.
The key positions are clear at a glance: above is the key level of 0.8380, with higher resistance at 0.9000 and the high pressure line at 0.9900. Below are the target support at 0.7500 and the bottom support at 0.6500.
The trading volume has not shown any abnormal expansion, which means there is no large capital bottom-fishing, and the downward trend may not have ended. Market participants are cautious and conservative, all waiting for clearer directional signals.
How should players respond?
If you already hold ASTER, what you need now is defense. It is recommended to set strict stop-loss orders.
If you are on the sidelines, jumping in to bottom-fish now may be too early. Patiently wait for clearer signals of a bottom, such as the daily level forming a bottom structure, or whales starting to reverse operations.
The market is never short of opportunities; what is lacking is the patience to wait for opportunities. In a downtrend, protecting your principal is far more important than pursuing profits.
Qi He's personal view: Will it go high or low?
To be direct: The possibility of ASTER breaking through 0.8380 tonight is very small; it is more likely to continue to decline, testing the support levels of 0.7500 or even 0.6500. This is because the market needs to digest several key factors.
The continuous liquidation by whales means that short-term selling pressure remains. Without the push from large funds, it is difficult to form an effective rebound. Technical indicators are comprehensively bearish, and the downtrend on the 4-hour level has not yet ended.
Even if a technical rebound occurs, the layers of pressure above need time to digest. The position of 0.8380 is not only a technical resistance but also a psychological barrier; breaking through it is by no means easy.
I am Qi He from the cryptocurrency circle. Click to follow, and I will teach you how to catch this wave and reap the full benefits! If you don’t know how to time the market, Qi He will provide real-time analysis in the community and give the best entry points.#美国宏观经济数据上链 #加密市场观察
