The decline is just a small correction, and it can continue to rise in the short term. The entire market is moving upward, targeting the first wave of short positions. The explosive rise is because the U.S. government shutdown is likely to end soon; intraday long positions are advisable. Currently, we are waiting for the positive news regarding the reopening, which is likely after mid-month, and the positive news upon reopening will definitely lead to a surge. By the way, there is also Christmas coming up.
In the past 24 hours, a total of 245,539 people have been liquidated across the network, with a total liquidation amount of $595 million, of which long positions accounted for $260 million and short positions for $335 million.
BTC
The day before yesterday, Bitcoin fell below the annual line again, but yesterday it rebounded above the annual line, and the trading volume during yesterday's rebound was greater than the trading volume during the decline the day before. From the perspective of volume-price relationship, selling pressure has weakened, while buying pressure seems to have a slight advantage. Additionally, there are reports that the U.S. government is expected to end its shutdown, and yesterday the S&P closed with a hammer candlestick pattern, indicating that the S&P may also stop falling.
Overall, the buying power near the yearly line is quite strong, and Bitcoin is very likely not in a bear market. From the rising trend line, it sees above 110000!
Today's operation: Use 103000 as key support, look for an entry opportunity aiming for 104500.
ETH
The market tone has already been set from Friday and Saturday morning to Monday evening, the altcoins are flying around during the weekend, you can look for past hotspots that stabilize above MA5/MA10 on the daily K, go in, if it breaks MA5/MA10, then exit, if it doesn't break, hold on a bit, have some patience, and wait for a big surge!
In my opinion, the performance of Ethereum in this wave is very good, the drop is also powerful, once again reached the 3200 after several days of layout, at this moment stabilize at 3400, the subsequent explosive power may even be stronger than BTC, next, when choosing between Bitcoin and altcoin, prioritize altcoin!
Today's operation: Make phased layouts in the range of 3400-3430, with the first target aiming for 3500.
altcoin
Now everyone is saying it's altcoin season again, has it really come?
After looking around at the king's projects, it seems to be a pump, but the price is shocking. FIL has been pumped for half a day to $3, and ICP is only $7. Newcomers will never know that we once played over $1000 of ICP, and ZEC has been pumped for two months. Is this the altcoin season after 1011? Always remember to take profits and don't have blind faith. Once again, enjoy the last carnival to the fullest!
If you don't have any altcoins in hand, go look for those old coins that haven't risen, mainly L1 and L2, and it’s best if you can ride the AI concept. The altcoin sector will eventually rotate to chain games, the metaverse, meme concepts, etc. It's still the early stage of altcoin sector rotation, you can go ALL IN directly.
Of course, if you have enough altcoins in hand waiting for this wave of increase, you can clear them all. The explosive altcoin bull market is expected to last for three months. You can buy anything, as long as the leader rises, you can buy the second tier, and so on.
Reminder: The altcoin season has come, pay attention to the main line, and don't PVP within the circle.
The strongest targets are ICPAIs applications, AI cloud, privacy, each of which is practical and usable. Looking forward to major APPs developing things on it, those with the ability should quickly make applications, platforms like Douyin in the crypto circle can also get started.
$ORDI
The long-stagnant ordi has risen, the altcoin season has indeed come, and we are now entering the phase where buying anything makes money. As the saying goes, the bigger the waves, the more expensive the fish, everyone be cautious of risks.
$SYS
The core pressure at a large level is around 0.04, and after breaking through, there will be a large vacuum area, which can rise all the way! High heat in the sector/low market value of tokens, this is the most cost-effective, just right for a low-cost bet of 2-3X opportunities. Secondary altcoins have just revived, early layout, the sector heat can continue, and the breakthrough probability is very high!
$DASH
For investors looking to chase the anonymous payment sector, ZEC has risen too much, DASH might be a good alternative. Those who want to chase DASH are suggested to consider buying at the support of $100.
$AR
The storage sector has started to explode, in February 2024, the reason for AR’s surge is AI speculation. AR provides storage. Now the logic for the storage surge is also AI, and the logic is exactly the same. Just right, AR has just started, the daily line has come out, try to hold it over the weekend, it should have continuity.