$SIREN Directly from the top of the gainers list, it has fallen to the top of the losers list!
It came quickly and left even faster; a single needle struck down, causing a drop of over 70%. This wave might truly be the last dance.
This is how the demon coin works: it rises fiercely and falls even more violently, and the brothers who chased in at high positions were instantly educated by the market.
April 17 Market Analysis: Why Did It Rise Today? BTC, ETH, BNB, SOL, MOVR, METIS, ORDI, SIGN, XVG Altcoin Operation Suggestions!
The cryptocurrency market has slightly risen by 0.5% in the past 24 hours, mainly due to the US PPI data being lower than expected, leading the market to bet on the Federal Reserve cutting interest rates, which caused risk assets to rise as well. However, the crypto market is highly volatile, and this upward trend could reverse at any moment. Keep an eye on the Federal Reserve's signals, inflation data, and ETF fund flows.
1. Geopolitical easing: There is hope for peace talks, and tensions are easing, which has slightly stabilized risk assets like crypto that were previously very volatile due to conflicts.
2. Profit-taking and cautious sentiment: After the recent rebound, many people have taken their profits and run, and everyone is watching. Bitcoin has tried several times to break through 75000 but hasn't been able to hold it, indicating that there are sellers above, and buyers are hesitant to chase.
Don't always think about where the lowest point is. As long as it rises and you get on the bus in time, you are making a profit by being on the bus. Isn't a nearly 300% increase fragrant?
$DOGE still drags on as always, now shaking back and forth in the range. The short-term resistance level is 0.1; if it can stabilize at 0.1, it should be able to make another move; if it can't break through, it will continue to shake.
Those who are impatient really can't hold on. It's better to look at $PEPE or $PENGU , as these two have larger amplitudes when they rise.
The only advantage of DOGE is that it can go on low leverage contracts, which is also suitable for large capital allocation, belonging to the type that is silent until it surprises. It doesn't follow the route of slowly rising and slowly retracing; the longer it consolidates at the bottom, the higher it will rise later.
Recently, some coins have been rising quite sharply, and many people feel that the altcoin season is coming.
Let me explain the actual situation to you: if you look at those coins on the rise list, there are basically not many that you are familiar with, and some you may not have even heard of.
This is actually the project team taking advantage of the severe drops to buy back their chips at low prices, then pushing the price up to attract people to enter the market, hoping to sell at high positions.
It's the same old trick as the previous bull market coins, for example, the last round went from 0.1 to 10, rising 100 times, then dropping to 0.01, rising again to 0.05, dropping to 0.005, and then rising to 0.025... the peaks will only get lower and lower. $FIL
$SIREN In the last 24 hours, it soared 185%, jumping from the previously depressed low of 0.13 all the way to 2.18. This operation is truly amazing!
The dealer clearly dumped the chips at the beginning of the month and is slowly buying them back at low levels, regaining control to over 93%, and then starting a new round of aggressive pumping.
This is a typical routine of dumping and washing → accumulating at low levels → high control of chips → violent price increase. That heavy dump at the beginning of the month threw out retail investors and panic sellers, concentrating the chips highly.
In order to avoid not knowing what to buy when the sectors rotate, I have sorted out some Binance sectors.
In fact, with each round, the chances for other sectors to rotate are not high. Currently, the main ones are BTC series, BSC series, and the old meme coins. In the future, AI memes are also expected to make a move.
If you want to play, go ahead and take a gamble; if you don't want to play, just watch.
$Fartcoin is performing quite well in the AI sector, and every time it rallies, it does so aggressively, so it can be closely monitored.
Recently, the upward trend is good; if it can break through 0.22 with increased volume and stabilize, breaking the daily resistance, it can be chased directly. The holding volume looks decent, and it feels like smart money is secretly accumulating, so once the chips are sufficient, it may pull another wave.
Short-term support is around 0.17-0.18, and a pullback would be an opportunity to ambush.
Emergency warning! Key turning point is coming! This altcoin surged 98%, retail investors are picking up the pieces? Prepare to ambush and make money!
In the past 24 hours, a total of 111,589 people globally have been liquidated, with a total amount reaching 217 million USD. BTC and ETH have not retraced much and there is no further breakthrough, so friends looking to add positions will have to wait a bit longer.
Core advice: Don't rush to make breakout trades before there is an effective breakthrough and stabilization at the resistance level. You can open a small short position near the resistance level with a good stop loss. If the drop is not significant, don't go long. Those altcoins that are stagnant or suddenly spike can be tested with a small position, but for Bitcoin and Ethereum, it's better to patiently wait for signals.
I researched the recent two altcoins: $RAVE , $币安人生 , and summarized their common characteristics before the main upward trend. If similar signals appear in smaller coins later, they can be given special attention.
In the 24 hours before their launch, the trading volume both significantly increased (RAVE was 2.14 times the average volume over 72 hours, Binance Life was 1.41 times); Binance's open interest also expanded rapidly (RAVE increased by 31.32%, Binance Life increased by 17.79%); the liquidation intensity rose simultaneously (RAVE was 1.79 times, Binance Life was 1.29 times).
Moreover, before the launch, they were not experiencing a silent decline without volume, but rather had already shown signs of warming up (RAVE increased by 14.53% in the previous 24 hours, Binance Life increased by 19.78%).
The conclusion is: don't just focus on whether the funding rate is positive or negative, but pay special attention to the combination of signals showing drastic changes in rates, rapid expansion of open interest, increased trading volume, and simultaneous rise in liquidations.
Although many people don't like listening to the Shanzhai season, today even Ordi, Sats, and Rats are pulling in, which can be considered the start of sector rotation.
Zhuangpan, BSC system, BTC system, then gradually to other sectors?
I estimate that many newcomers in the market don't know what Ordi is anymore. Let's review a few recently focused coins:
Binance Life, I've heard that many big players have already exited, and Wang Xiaoer sold a part yesterday, but he bought in at 1M and only sold 0.5M, not having fully exited, and still holding 0.34.
Giggle, following the trend, not very strong, currently at 39.
Koma, went up on Aster yesterday, after a shout, the price slightly increased, but it feels like the big players haven't moved, it's all retail investors coming in, now at 0.011.
Rave, the fee is still negative, there are still many people shorting, currently at 14.
Ordi has already doubled from the bottom.
Siren, OI is decreasing, the price is slowly climbing up, with positive fees.
Aria, it is said that the big player has already run away, this round should be over.
If you want to play, still keep an eye on the gainers' list, but you need your own logic. I find that many people can't even understand the logic others put out; it's best to just watch and not act.
Ethereum is currently still in the phase of a rebound from the second high point, not yet completed. In terms of formation, it is encountering resistance from the upper edge of the ascending channel and the trend line, with heavy selling pressure. Coupled with shrinking volume, it is highly likely a false signal to go long. $ETH
I plan to place a short order at 2402, which is the second trend line resistance level and is not easy to break through. In terms of liquidation, the range of 2380-2405 has a thick accumulation of positions, especially at the position of 2398, where a small-scale upward spike may happen at any moment to take out this batch of positions, and then it will begin to fall.
The topping pattern is most likely a triangle or an M-top, provided it does not exceed the previous high of 2416. If it does, it may form a wedge. First, we will judge according to the triangle pattern and update later.
A couple of days ago, the main line was led by $RAVE , driving the entire altcoin market up, with $币安人生 and Rave as the dual leaders along with a bunch of tokens rising together.
Now it has completely reversed; when A rises, B gets dumped, and everyone rushes to chase A, leading to altcoins starting to suck each other's blood. This is not the main force controlling the market, but rather the main force's chips have already been dispersed, with retail investors and speculative funds trading back and forth in several sectors.
At this point, those who still dare to add money and go all in are not smart money, but rather those who missed the earlier profits, holding onto watermelons while seeing others make gains on sesame seeds, getting anxious and selling off to chase after them. Let’s all be honest; if I hadn't made a single cent earlier, I would probably be even more anxious than them.
The market has shifted from everyone lifting the cart together to competing for profits and sucking each other's blood.
The bear market keeps falling, and accounts are slowly losing money, which particularly grinds on investors' mentality.
In a bear market, people are generally pessimistic, and emotions are very poor, making it easy to panic and operate chaotically, fearing to cut losses, which is detrimental to long-term holdings.
When people are anxious, they are most likely to make two mistakes: either they go all in too aggressively, or they can't hold on due to lack of faith.
As an old player in the crypto space, I offer some advice: no one likes to lose money, but young people should actually be excited about the bear market.
You need to find the balance point where you can hold on and dare to invest heavily, manage the money you invest well, and be prepared for long-term holding.
The bear market is where miracles happen—like the opportunity to bottom buy ETH at $90 in December 2019.
The biggest advantage of youth is time and energy; compound interest will help you make money, and you can withstand a long bear market. In the future, you can earn and save money; regardless of ups and downs, just stick to dollar-cost averaging.
The advice for young people in a bear market is simple: keep saving money, keep investing, and don't let the market scare you away.
To survive in a bear market and make big money, three shifts in thinking are crucial:
First, keep enough cash in your account to support two years of living expenses; absolutely do not invest the money you will need in the next two years.
Bear markets are unpredictable, but they generally occur every few years, so keeping cash is essential to endure.
Second, don't recklessly use your reserves during a bear market rebound; if you have cash to cushion, you don't have to sell at a loss during the dip.
When the market is down, rely on living expenses to hold on, and wait for the coin prices to recover.
Third, most bear market rebounds happen faster than people think.
Historically, bear markets take an average of just 12 months to return from low to high, and this round of bear market has already lasted for 6 months. $BTC $ETH $
How to determine when large funds and liquidity in the crypto market enter and exit?
I will teach you a method with an accuracy of over 90%: look at the price of $USDC .
Currently, the crypto market basically follows the US stock market, and Wall Street trades BTC and ETH; they use USDC for their inflows and outflows, not USDT.
If the price of USDC drops slightly, it indicates that someone is selling USDC for USDT and then buying $BTC or $ETH , which means Americans are increasing their positions, and the market is likely to rise afterwards.
Conversely, if the price of USDC rises, it indicates that someone has just sold coins for USDT and is now converting to USDC to prepare to exit, which means the whales are retreating, and the probability of a crash is very high.
It’s not 100% accurate, but as a tool for short-term monitoring of main capital flow, I have tested it for a long time, and it works very well.