There's been a bit of turbulence over in the Middle East, and Trump just nixed his trip to discuss the Iran issue, causing the market to get jittery again.
Oil prices are likely to trend upwards, and inflation seems to be creeping back in, which means any rate cuts are probably getting pushed back. When cash gets tight, risk assets naturally see some traders bail first.
BTC's recent movement is pretty standard; it shot up close to 80k but just couldn't hold the line—basically, it spiked with no buy support.
To put it bluntly, there's too much overhead pressure. Once it hit short-term targets, traders started to cash out, which slammed the price down. #白宫顾问暗示比特币储备相关公告即将发布
Last week, I went short at 79k with the price at $BTC . I've already cashed out some profits at 75k.
Now, the price has bounced back to around 80k, and I've opened another short position at 79,200.
I'm sticking to my previous strategy; as long as that resistance at 80k holds, I'm continuing to trade based on the resistance levels.
黎明同学
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Looking at the data, the price of $BTC has been slowly approaching a range where short-term traders accumulated their positions.
In this phase of tight liquidity and less favorable market conditions, these cost zones often turn into resistance levels. The reason is straightforward—many traders have been underwater for quite some time, and as soon as the price returns to their cost basis, they're likely to take some profits and reduce their exposure first.
So this area feels more like a zone for digesting sell pressure; breaking through it in one go will be challenging. #比特币突破7.9万美元
Looking at the data, the price of $BTC has been slowly approaching a range where short-term traders accumulated their positions.
In this phase of tight liquidity and less favorable market conditions, these cost zones often turn into resistance levels. The reason is straightforward—many traders have been underwater for quite some time, and as soon as the price returns to their cost basis, they're likely to take some profits and reduce their exposure first.
So this area feels more like a zone for digesting sell pressure; breaking through it in one go will be challenging. #比特币突破7.9万美元
$BTC From a structural perspective, the daily chart is still trending upwards, and the 4-hour timeframe is gradually raising its lower lows; the rhythm is still intact. If the short-term continues to gain strength, the next move will likely test the resistance around 78.4k-78.7k. Once this range is effectively broken, pushing towards 79k becomes a straightforward move.
Conversely, if 78k can't hold, pay attention to the support in the range of 77.6k to 77.1k; the short-term bull-bear divide is pretty clear.
$ETH on this side is relatively sluggish, oscillating around 2300 lately. This level is crucial; as long as it can hold above 2300, there’s still a chance to touch 2400 again. However, if it dips back below 2300, then watch the support at 2260-2230. If that level is breached, we could see a deeper pullback in the short term.
BTC took out liquidity below 79k and is now pulling back. There's clear resistance around 78.5-78.6; if we can’t reclaim that level, we’re likely heading back to test 75-76k.
If we lose 75k, this rebound is pretty much over. There’s a lot of bag holders above 80k, so don’t expect too much upside.
The market sentiment has switched pretty quickly lately, going from panic selling to a growing FOMO vibe.
But in the context of a bear market, this shift from fear to chasing the pump often isn't the start of a new rally; it feels more like a signal that the bounce is nearing its end. #加密市场反弹
I've slowly come to realize something: whether you make money or not often isn't just about skill, it's about whether the market gives you the chance.
What really sets traders apart is often hitting the right cycle.
The market can't just keep moving in one direction; after a big pump, there's usually a pullback, and after a long bear trend, there will be a bounce—that's just how it goes.
And every time we hit an extreme, it all comes down to emotions—during panic, traders are cutting losses left and right, and when greed kicks in, they chase without thinking.
The 7.8w–8w range is essentially a zone of concentrated chips and order pressure.
Yesterday, I gradually stacked up on shorts, and the price has been slowly creeping up since then. However, it's a grind up, not a spike. Many traders prefer to wait for certainty, but most profits are actually found in uncertainty.
The core of trading boils down to two things: one is range assessment, and the other is execution.
In the market, a lot of folks love to find all sorts of reasons to explain price movements, but at the end of the day, it's all about one core principle — supply and demand.
When more people are buying, the price naturally pushes up; when more folks are selling, the price gets pushed down. The so-called news, sentiment, and macro factors are essentially just altering the balance between these two forces.
What we can actually see isn't 'who's buying or selling,' but rather the price action itself. Breakouts on volume, spikes followed by pullbacks, sideways consolidations — these are all just traces left by capital in the game.
But, to sum it up in one line: Price always moves in the direction of least resistance.
Whichever side is lighter, whichever side is easier to push, that's where the capital flows. Understanding this is way more useful than getting tangled up in all sorts of news.
The World Cup is approaching, and $CHZ , as the leader in the sports sector, is definitely going to start its engines. It has already begun to gradually gain momentum.
Low multiples have taken on some $CHZ World Cup cycles placed in front, and once there are major events in sports, it is easy to attract renewed attention from funds.
Additionally, with the US market set to restart and buybacks being conducted, the structure of the market is much healthier than before.
When such old coins have narratives and funding, it's not surprising to see a trend emerge.
$BTC is currently near 75500. The previous surge had significant strength, but it is clear that 78300 is a resistance level, and it was pushed back as soon as it went up.
From this high point, it can be seen that the bulls are somewhat lacking in momentum, and the follow-up is not keeping up. The market rhythm is starting to speed up, with a back-and-forth switch between bulls and bears, but overall the bears are slowly gaining the upper hand. The trend is fluctuating while gradually grinding downwards, with a weak short-term outlook.
Additionally, #rave has directly crashed down, and the market has started talking about whether it's being manipulated again.
But to be honest, the issue with the knock-off projects is not with individual projects, but rather the overall environment. If this round of market movement does not produce a truly hundredfold narrative, the final outcome for most coins will actually be quite similar.
$GIGGLE Today, I followed the emotions of 'Binance Life' and had a good run.
I mentioned before that for these types of narratives with traffic, it’s not a big issue to buy in at a low multiplier. Looking back now, the timing was basically spot on.
The core of this ticket still revolves around the emotional cycle. We’ll see if it goes directly with the trend or if it corrects and gives another opportunity. #GiggleAcademy
Low multiples have taken on some $CHZ World Cup cycles placed in front, and once there are major events in sports, it is easy to attract renewed attention from funds.
Additionally, with the US market set to restart and buybacks being conducted, the structure of the market is much healthier than before.
When such old coins have narratives and funding, it's not surprising to see a trend emerge.