After the tariff war benefits were announced yesterday, Bitcoin experienced a surge followed by a significant pullback of 4000 dollars, pulling back to 100,700 dollars, which led the entire crypto market to decline. Sweet Dream has always been bullish, but started to turn bearish yesterday. Sweet Dream has been managing the overall rhythm quite well, and you can pay attention to Sweet Dream, who updates the daily market analysis every afternoon (Sweet Dream reminds: today's article is a bit long but very important, please read it patiently, the wealth password is attached at the end of the article). Yesterday, Sweet Dream reminded in the article (Suddenly Trump softened, the Sino-US negotiations were a complete victory! Bitcoin's wild fluctuations? Ethereum soared 3000 dollars this week? MEME carnival, these coins surged hundreds of times, the best opportunity for wealth in May!) that: "Both the daily and 4-hour lines show continued bearish demand, and the Sino-US news came out early, the good news is exhausted, Bitcoin began to pull back. Everyone knows the good news, so it is no longer good news." The prediction was accurate, timely profit-taking helped investors avoid significant pullback losses.
BTC Bitcoin continued to decline today, hitting a low of 100,700 dollars, currently rising to around 102,700 dollars. The bearish power has increased, and the bullish momentum has weakened, the 4-hour line shows a double bottom pattern, but there is no bottom divergence, indicating that the decline has not ended. Although the RSI briefly entered the oversold area, it quickly fell back, and no bottom divergence was formed, indicating continued downward momentum. It may fill the lower shadow and possibly further drop below 100,700 dollars, even below 100,000 dollars.
Currently, RSI and MACD show a slight bottom divergence trend, with short-term rebounds expected. The rebound peak is estimated at 103,000 dollars, where it is a support-resistance swap position, and the liquidation map shows a large number of short positions, the market maker may hold this position. It is recommended to open a short around 100,300 dollars.
Currently, the weekly trend remains bullish, and the pullback is only a short-term adjustment. BTC spot has not flowed out, indicating that the market generally views the upcoming trend positively, with an inflow of 138m in 24h. In terms of contracts, the volatility is relatively large: the recent outflow in 24h is 540m. This indicates that BTC main force has not offloaded, adjusting and resting for a period, still in an upward trend.
Wait for Bitcoin to show a four-hour oversold signal, combined with EMA50 or EMA100 support, continue to go long with the trend. Do not guess the bottom, do not enter early, wait for the signal confirmation before entering.
ETH Ethereum's small level touched small support and rebounded again, indicating that the bullish momentum is still strong. The large range of 2280-2660, the rising right shoulder box, I personally believe it is very likely to form! In the short term, it is estimated to oscillate around this box for a few days. The inner box 2380-2565 has a small probability of extreme pullback to 2280!
ETH spot has basically not flowed out, relatively stable, while the main contracts have run off, and the subsequent volatility may be larger. Just make waves around the 2280-2660 range!
The secondary market fell for a day, while KATIO, NEIRO, and PNUT surged against the trend!
(1) NEIRO, PNUT: Sweet Dream just recommended NEIRO, PNUT on Weibo this afternoon. NEIRO surged 22, PNUT rose 7%.
(2) KAITO: Recommended KAITO at 1.5U on May 10, reaching a maximum of 2.1, an increase of 40%.
(3) ASTR: The recommended price by Sweet Dream is 0.028U, the target point is 0.035U, today reached a maximum of 0.3518U, perfectly hitting the expectation, previously mentioned on the public account that 0.035 would definitely be reached.
(4) GODS: Today it rose against the trend, with a maximum single-day increase of 60%. The exit point given was 0.158, capturing a 35% space.
What other coins are worth laying out?
Leading coins virtual, aixbt, moodeng... are basically in a flag formation state. After the consolidation, there will be another big surge. If you haven't built a position, seize the time to build one, don't wait until it drops more and regret it, or miss out on the rise and then regret it. The market makers need to pull to a high multiple to offload, collectively FOMO, trading volume expands by 5-10 times before so many goods are offloaded. Right now, it’s just a phenomenon of the bull market with more spikes and contract explosions, most coins are currently oscillating sideways at the daily level waiting for Ethereum to pull up another leg, then it’s a 30% starting increase.
Today is the main stage of the believe platform, several coins above have surged sharply like dupe, $supfriend. The following is the data dashboard of the believe ecosystem, listing the coins above. The overall trading volume and user wallet value on the platform have hit new highs. The upward trend is still not over, continue to be bullish before July. Dragon one Pasternak (Launchcoin); platform coin dragon two Dupe; dragon three Buddy; dragon four Giggles; dragon five NOODLE.
(2) bonk.fun was recommended yesterday in the article (Suddenly Trump softened, the Sino-US negotiations were a complete victory! Bitcoin's wild fluctuations? Ethereum soared 3000 dollars this week? MEME carnival, these coins surged hundreds of times, the best opportunity for wealth in May!), currently animal meme dragon one Hosico; cult & chad dragon one $Useless; also a Chinese concept IKUN that got attached to bonkguy. Ikun little golden dog, with a market cap of around 15M, has already gone on Moonshot. Useless is currently hovering around a market cap of 20M.
grassito: It was purchased by the early old dragon head and the founder of bonk, grassito's bottom has been washed for a long time, and it is currently breaking out of a trend, which can be laid out for a second phase.
(3) FROGGER: This morning Sweet Dream recommended FROGGER in another article (Bitcoin 100k sky-high spike! Pullback and low layout of these four 10-50x altcoins!). Currently, FROGGER has broken through k with a new market cap high, and the frog has become the second most valuable memecoin in V God’s wallet! The narrative of the frog is very clear, taking the Ethereum hippo route, addresses have increased from 500 yesterday to over 1000, which is already developing quite fast.
Currently, PEPE whale and neiro whale have joined FROGGER. Do not underestimate the will of Ethereum whales. Mcap/Holder number often reflects the strength of the strong hands, 3M corresponds to only 1100 holders, indicating a future breakout trend. The strong blue-chip stocks on the Ethereum mainnet basically maintain high market value and low number of holders, and should still have room to rise.
Today's article ends here, patiently waiting for the market sentiment to recover, there may be better trading opportunities. If you really cannot play in the crypto world, don't force yourself, come find me to learn.
