Not sure if it's because of the market conditions, but it feels like the AI has been picking up some altcoins with pretty high accuracy. Of course, there are still times when it hits a snag.
This time, I successfully bagged $APE , while the failed pick was $TREE (this one took too long to build a position). I feel like coins that can consistently hover around the moving averages are performing quite nicely.
However, most of them don't have particularly strong momentum, so besides taking profits in batches, I think using trailing stops is definitely necessary. Otherwise, after a spike, they can easily start to retrace...
Bitcoin $BTC hit a peak of 79.4K yesterday but has gradually pulled back since then. It seems like there's some serious selling pressure around 80K, so without a strong breakout, it’s gonna be tough to push above that level.
Looking ahead, if there are any major bearish news in the geopolitical landscape, we might have to dip down and test the waters. Right now, there’s a lot of liquidity packed around 73.5K—will it get cleared out?
Last time we dipped, there was some support holding at 73K, so there’s buying interest in that area too. It’s shaping up to be a tug-of-war between bulls and bears.
On the flip side, 80K is a key milestone for determining the trend. If we can break through and hold above, continuous upward movement is possible. But if we sweep through that liquidity and volume starts to drop, then we could be looking at a smoother descent...
Recently set up an AI-driven crypto monitoring system to catch some small caps for short-term contracts,
Currently using "price variation, funding rates, and volume changes" as the main filtering criteria. We'll optimize it later based on the situation,
Initially thought about adding more filters, but after some consideration, I decided to test them one by one to keep things tidy. If any fellow traders have suggestions for filtering criteria, feel free to share, much appreciated! 😁
Today, the system flagged a target ($CHIP ), and I opened a small position, but I was too slow to build it up, so my entry point isn’t great. Not sure how far it can go, but hoping for solid returns!
Originally, Old Trump was to hold a second negotiation with Iran, but this reversal happened too quickly. Iran rejected the second negotiation, and the market plummeted again.
This morning, Bitcoin dropped to a low of 74k, but at the same time, it seems there are buy orders stepping in, with the current price falling within the 74~75K range.
Next, it will depend on whether $BTC can stabilize above 73K and 74K, and this will also depend on Old Trump's and Iran's attitudes.
It feels like Old Trump should also soften his stance in due time, as his public dissatisfaction is gradually rising, and there is also the risk of him being overthrown...
I originally thought that the negative impact of Iran's announcement to resume control of the strait would push the Bitcoin price down towards 75k,
but then it turned out that in the evening there was news that Trump would have a second round of negotiations with Iran. I wonder if this news had an impact,
as the price at $BTC held at 75k, and there were even signs of breaking through 76k. The fluctuations are really large,
because many people believe that this 78k was a false breakthrough rebound high point, and are preparing for another decline and adjustment,
but honestly, the key still depends on how Trump handles it. If he does well and Iran calms down, then it is indeed very likely to go towards 80K, after all, there is a lot of air force fuel above...
Didn’t expect old Trump to cause trouble again, but it seems we have long been accustomed to this pattern, which is to act on weekends, with limited market impact,
Currently, $BTC has dropped below 77k, trading around 76k. Although the reaction is not particularly intense, there was originally a dense area of long positions near 76k that could be liquidated, and it has indeed been hunted down,
I wonder if old Trump has any new tricks up his sleeve next week, after all, there is some liquidity around 78k that could be cleared again, and the funding rate is still in negative territory. Perhaps just one piece of news could trigger a short squeeze, so it’s better to be a bit more cautious...
Sure enough, $BTC finally broke through the 78k price level, reaching a high of 78.3k last night, and currently falling back to around 77k, seemingly without much downward trend.
However, the next stage at 80k has greater selling pressure, so we need to see if there is any momentum to support an effective breakthrough.
Additionally, the current funding rate is also negative, so many people are still bearish, which also suggests that there is actually quite a lot of fuel available. Therefore, those who are shorting should still be aware of their own risks...
I didn't expect that just a few days ago I mentioned, $BTC would break 78k so quickly, it seems this main player really knows what they're doing, combined with the news of the Strait's opening just at the right time,
Moreover, as the price moves higher, more people are opening short positions, after all, everyone generally believes the trend is downward, which undoubtedly adds more fuel to the short squeeze, so perhaps 80K or higher will really come...
It seems that the heat of AI narrative is still alive...
This Allbirds (BIRD) was originally just a shoe-selling company, but in recent years, its performance has declined severely, and the company’s stock price was almost on the verge of collapse, dropping to a market value of just a few tens of millions of dollars.
Later, the original shoe-selling business was abandoned, and they directly transformed into a new business of "renting GPUs for AI companies," and renamed themselves NewBird AI. As a result, the stock price skyrocketed several times.
This also reminds me of last year’s cryptocurrency stock narrative, where a bunch of companies were eager to associate with cryptocurrency; however, now the shell has changed to AI. How long can this wave last?
As speculated yesterday, Bitcoin broke through 76k last night, and the main force just devoured the liquidity of the short positions at 76K.
There must have been many bearish traders whose stop-losses were set around 76k, directly causing trouble for those who were shorting.
Currently, $BTC there is still a large amount of short positions waiting to be liquidated above 76k, and the fuel is quite sufficient. If things go smoothly, it might even continue to run towards 78k to 80k, who knows?
Most people believe that the market will have another major drop, but some big players have already started hoarding $BTC . Have you started your regular investments yet?
After the liquidity of the short position above $BTC 73K was taken away, the long position of 72K was cleared. However, did something happen when this large drop suddenly occurred?
The World Bank Group stated that it will deploy $20-25 billion to support the economies of countries affected by the economic impact of the Iran war,
This suggests that increased global liquidity may alleviate market pressure, potentially benefiting related risk assets such as Bitcoin indirectly,
However, in the short term, the main market trends are significantly influenced by geopolitical factors and interest rate cut expectations, and help remains limited,
But given the current market situation where everyone is bearish, perhaps this approach could also help $BTC to seek more liquidity upwards?
Japan officially approved the amendment to the Financial Instruments and Exchange Act today, April 10,
which officially recognizes cryptocurrencies as financial instruments, expected to be implemented in 2027.
Although this has limited help for the short-term upward momentum of Bitcoin, from a medium to long-term perspective, it is definitely a significant advantage!
Dear brothers and sisters, even Japan, a meticulous country, has recognized cryptocurrencies; shouldn't you stock up a bit more on $BTC ?