$ASR Today's Market
This broken plate plays a good psychological war! The five-minute K-line's up and down spikes look like an electrocardiogram, the 'dog dealer' repeatedly kills both longs and shorts between the pressure point at $1.722 and the support at $1.350. The yellow and white moving averages on the order book are twisted together like a twist, and the trading volume has shrunk to the size of a sesame seed—big funds are waiting for the favorable wind of Binance's launch of the ASRUSDT perpetual contract on May 6 at 17:30.
The latest news has directly poured a bucket of gasoline on the market! Binance's 75x leveraged contract has stimulated the coin price to shoot up 53.34% to $2.094, but this wave of rise is consuming the liquidity from the contract launch news. The main players are playing cleverly—BTC defended at $93,500 in the early morning, and after a four-hour level rebound with reduced volume, when ASR surged above $2.0, there was a sell wall waiting at $2.10 with an equivalent of 3 million USDT, and the 'dog dealer' is just waiting to explode and chase high contracts.
On the technical side, it’s quite split: the MACD shows a golden cross underwater but the volume bars shrank by 30%. The mid-track at $1.730 has been pressed like a spring bed, and over $2.0, the locked positions account for 47% of the circulating supply. The most impressive is that the chip concentration indicator has surged to 92, indicating that 88% of the chips are squeezed into the current price ±15% range, and the 'dog dealer' can trigger a sell-off with just $2 million.
To be honest about the operation: don’t be fooled by the contract launch! Keep enough ammunition to guard against midnight surprises—the old dogs in the coin circle understand that the crazier the rise, the harsher the fall.
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