BTC rebounded after closing with doji for 4 consecutive days. If today's positive line can be maintained, it means that the short-term bulls are beginning to gain momentum, which is a positive signal. At the same time, we must remain cautious. Before the price recovers 100,800, there will be little room for expansion. Do not chase the rise in a small range.
From the trend of 4H to 12H, the K-line closed below is a signal of a change in the market, but the current price has reached the suppression level, and the layers of suppression above are quite obvious, so it is doubtful whether the rise can continue.
Judging from the trend of the hourly line and below, after a week of consolidation, the market has repaired most of the short-term structural suppression, and is also approaching the long-term selling pressure zone above. The trend is slightly more positive than the previous period, but it has not formed the prerequisite for a trend increase.
Next, let's analyze if TST can still rise?? Revealing the most comprehensive history of TST!
TST is a meme launched by Zhao Changpeng, possibly to enhance the meme ecosystem on the BSC chain. Four Meme, this DEX on the BN chain, is pulling in traffic, aiming for another wave of BNB.
TST started the surge from February 8 at 3 PM, divided into 3 phases based on the surge situation:
1. Test launch surge, from February 8 at 3 PM to that night
The promotion of TST started from the Four Meme DEX, which opened a space on February 7, titled: 'Let's talk about $TST those matters'.
Then on that day, XT Exchange, Bingx, Bitget Wallet, and Lbank went live, which shows that this meme has resources.
You can see that this series of operations is very similar to Trump coin, just a sudden surge, with resources. Thus, the test launch surge ends here.
2. Sideways + explosive surge, from February 9 at 2 AM to 4 PM.
Yesterday, the Chinese community started flooding the screen with various calls for TST, followed by BN listing TST spot trading, which peaked the traffic.
Here we can see that trading hotspots requires short-term explosive speculation.
Even a strong player like Trump only had a week of speculation; this time TST was speculated for a day.
3. Dumping, from 5 PM on the 9th to now
Personally, I feel that TST's surge has passed because a large wave of positive news has been fully released, and most early non-BN profit-taking participants have exited with profits.
Now is the wash and accumulation phase of BN. If $TST is recognized as the leading meme of this wave on BSC, there is still a chance for a surge. But now that it has been listed on BN's spot trading, is there still significant good news? This wave has also achieved several purposes, such as activating BSC, but in the end, it still boils down to balancing interests.
The frequent positive news from TestonBSC may be in the process of a surge; if they stop issuing news, it basically means they are offloading.
Currently, the only remaining wealth effect in the crypto market is in the primary market. It's a simple truth that even a fool can understand: with millions or tens of millions, you can still gamble a bit, but with a market value of billions, where does the courage to rush come from? It's really a case of not turning back until hitting the south wall. The times are different! Some are still trying to seek swords in the boat, thinking about the four-year bull-bear cycle and the season of altcoins. It's really impossible to wake up confused people.
The only solution for secondary spot trading is to wait for the Federal Reserve to open the faucet. Before that, it's various forms of cutting; anyone can come to the crypto market for a cut. Don't let these beasts cut you again. Focus on the on-chain trends and Twitter hotspots, and play with the small-cap primary market wisely!
