What? The market is so explosive this week, and you are still losing money? Why?!
This week has been like picking up money! The short position from the day before yesterday had some stop-losses, some break-even, and some profits! On Monday, BTC at 93,600 at least gave three long opportunities, on Tuesday evening Bitcoin shot up directly to 93,700 for a long position, and Ethereum at 1,745-1,753 for a long position, last night's order at 1,795... If you had listened to me and kept a bottom position, you'd be counting money by now!
[Today's Market] BTC breaks through the fluctuation range, ETH don't short randomly, SOL, DOGE all surge!
BTC: 99K is within reach, waiting for opportunities
After a small pullback, it broke through again, successfully escaping the fluctuation range! The upward momentum is very strong; after covering losses on short positions, it's best to wait for new opportunities! Support: $93,000-$98,000 (steady as an old dog), big funds haven't run away, the price is very stable!
ETH: Don't think it's weak just because you want to short it! Where's the logic?
Support: 1,790 / 1,753 / 1,675, Resistance: 1,875 / 1,912
Bitcoin is skyrocketing, and you're shorting ETH? You missed the long positions at 1,753 / 1,795; you'll have to find new opportunities this week!
SOL: 140 hasn't broken, heading straight for 167!
Support: 133 / 109, Resistance: 167
Flying together with Bitcoin, 140 absolutely won't break, luckily we operated on both Bitcoin and Ethereum, didn't miss out!
DOGE: 0.18 breakthrough imminent, 0.23 is not a dream!
Support: 0.165 / 0.1515, Resistance: 0.2 / 0.23
Key point at 0.18, once volume and price rise together and break through, 0.23 is just around the corner!
[Operation Strategy] Bottom position! Bottom position! Bottom position! Important things said three times!
The market has entered a new vacuum zone, lifting space is opening up, operations can be aggressive, but expectations can be lowered, and a bottom position must be kept! We need to use cautious operations to seek the highest returns!
Just as this article is being written, I see Trump disclosing that he will announce a 'big news' later on Thursday. Foreign media reports that the U.S. will reach a trade agreement with the UK. The Ethereum Pectra upgrade is live, and the wallet function will undergo significant changes, providing catalysts for bullish buying.
Ethereum has shown astonishing market performance, with Bitcoin skyrocketing to $99,409, and Ethereum's daily increase approaching 5%, unexpectedly outperforming BTC. The Ethereum mainnet has launched the Pectra upgrade, marking an important milestone for the blockchain network. This upgrade went live around 10:05 UTC on May 7 at block 364032.
Altcoin
Currently, we can only observe as we go along; after all, no one can predict what Trump will play. I personally think it feels more like a 'price bull market' now, rather than a comprehensive bull market driven by sustained funds and dominated by FOMO sentiment. In short, this is still a rebound market.
There may be some hot surges among altcoins, but expecting a comprehensive rise in the 'altcoin season' may still be too early. Especially trying to return to the highs of those altcoins from November-December last year is still not easy.
