Yesterday morning’s drop touched 100700, giving the market confidence to short. Sweet Dream built up short positions of 0.2 and 0.4 Bitcoin at 103,100 USD and 104,860 USD respectively, and Sweet Dream's overall cost is still in profit. However, many people saw the 1h/2h level’s top divergence signal yesterday and blindly shorted, thinking they would short at the highest point, only to end up bankrupt. How sad and lamentable!
Sweet Dream’s view in yesterday’s article (Tonight’s Earth Needle Warning! Bitcoin plummets 4000 points, how to layout CPI? Giants leaving, Ethereum in great volatility? Vitalik’s order FROGGER! Myth of surging vs. retail investors charging?) states: 'Currently, the weekly is still bullish, the pullback is only a short-term adjustment'. It won't easily drop down, repeated torture is the main theme, otherwise, how to tempt you to get on board, how to accumulate liquidity. (Sweet Dream kindly reminds: Today’s article is a bit long but very important, please be patient to read it all, wealth password at the end.)
BTC
Bitcoin closed higher yesterday but did not break through the key resistance of 105,000 USD, today it will still fluctuate repeatedly, likely in the range of 10100-105500, with temporary downward support at 99,700.
One-hour level, MACD has multiple top divergences, RSI is close to oversold. Currently, the focus is on 103624, where accumulation is expected to push upwards, and 105000 is likely to be tested. Short-term support may be found at the double bottom neckline (around 102,600-102,800 USD) from yesterday, suitable for short-term long operations.
ETH
Yesterday, Ethereum rose more than 7%, continuing the upward trend, peaking at 2738. Sweet Dream charged faith for everyone in the afternoon on Weibo and the public account, followers who joined should have gained a lot, those who missed it should follow Sweet Dream on Weibo and the public account.
Ethereum has been very strong these past two days, so strong that it is rising despite divergences, now showing three consecutive divergences. The key pressure point remains at 2850; only surpassing this can reverse the previous downward trend. To look bearish in the short term, it must break the support-resistance conversion point at 2583. Important support at 2425, only after breaking can the upward trend be defined as ended. It is still recommended to hold coins and wait for the rise.
Shanzhai
In the past week, ETH/BTC has begun to touch the bull market support line, already meeting the conditions for bottoming. Altcoins have begun to break important pressure levels before BTC reaches new highs, earlier and stronger than the previous two times. BTC's market share has increased for three and a half years, and altcoins are about to enter an explosive era.
(1) BOME, ETHFI, EIGEN
Sweet Dream recommended in the article (Suddenly, Trump softens, Sino-US negotiations achieve a comprehensive victory! Bitcoin soars and crashes? Ethereum skyrockets 3000 USD this week? MEME carnival, these coins surge hundreds of times, May’s best opportunity to get rich!) states that the gold content of MEME and ETH ecosystems is constantly increasing; the fastest recent rise with the least pullback, the leaders will not end here, and the market will continue to rise. Brothers with diamond hands come together to report; victory ultimately belongs to those with diamond hands.
MEME leaders listed today: BOME
The two leading ETH ecosystem projects listed today: ETHFI, EIGEN
(2) ORDI, SATS
Sweet Dream recommended in the article (Breakthrough VS Crash! Bitcoin market outlook for next week! Ethereum surged by 3000 USD! RATO skyrocketed, the next PEPE? ORDI, ASTR rising, these coins must rise tomorrow!) and on Weibo, to layout coins related to the Bitcoin ecosystem.
ORDI: Sweet Dream recommended a price of 8.85 USD, today’s highest was 13.61 USD, with a maximum increase of 53%; ORDI should see 20+ without any problems.
SATS: Sweet Dream recommended a price of 0.0000476, which rose to a maximum of 0.0000579, an increase of 30%.
Bitcoin may currently be at the beginning of an explosion, having adjusted for a year; if this wave begins, it could be a significant rise.
(3) RAY
Sweet Dream recommended in the article (Breakthrough VS Crash! Bitcoin market outlook for next week! Ethereum surged by 3000 USD! RATO skyrocketed, the next PEPE? ORDI, ASTR rising, these coins must rise tomorrow!) at 2.905 recommended RAY, which rose to a maximum of 3.858, an increase of 32.8%. Currently, 50% of the principal and profits are withdrawn, with the remaining profits aimed for 4.2.
For those who missed the coins with price increases, the following layouts are recommended:
(1) MOODENG:
Coins that can form a synergy in the secondary market, buy after falling a lot. Generally, high positions don’t consolidate for a period; shorting won’t earn money. The fifth wave's fall point is uncertain; after falling, it is estimated to adjust with the overall market. Focus on the daily MA5 above, and it’s hard to break the position at closing. The market is the strongest, the smoothest, without exception.
(2) RARE:
After the AI sector ends, the NFT and gaming sectors will immediately take over. RARE, as a strong variety in NFTs, is highly likely to make a wave! Meanwhile, the holding structure is very clean, the main positions are ready! The daily level has just broken new highs, making this position very suitable! Long-term holding, personally seeing 0.5-0.8 USD!
(3) Broccoli F3B:
A top negative fee rate appears without a significant rise. Holdings are also increasing, which is very strange. It can be particularly focused on; current market value is 28M, holdings are also around 28M, which may lead to a significant explosive market.
KOMA, ZEN, LPT, HIPP0, URO are also between the daily EMA90-120, all have a demand for supplementary rises, and can be laid out.
On-chain
LAUNCHCOIN: The sky is the limit; this method is likely aligned with the market. If the market does not correct, it will not correct. The 140m wash seen this morning and those who did not see it probably have two different mindsets.
DUPE: 60m current price, daily line has risen for 7 consecutive times, trading volume is average, difficult to unload, don’t FOMO, there will definitely be higher points.
moonpig: Currently rebounding back to 27m, the wash has been fierce, and the rebound is also impressive, suitable for making waves. If the downward trend line can be broken, it’s likely feasible; intra-day wash, closing line basically does not fall below MA5, strong.
useless: Has that useless coin flavor, 18m current price, only used for big use. After breaking the downward trend line, there’s room for play. Pay attention to the risk of fading at the most FOMO emotional times; don’t become someone else's exit liquidity.
Glonk: Musk-related IP, Alon made several tweets to pump Glonk, bonk founder Tom also personally came to support buying calls. Within 10 minutes of opening on the bonk platform vs. pump platform, early warning was given; subsequently, the pump platform's Glonk saw a rapid increase of 6803%, while the bonk platform's Glonk increased by 5311% before reaching a new high.
Today's article ends here, patiently waiting for the market sentiment to recover, there may be better trading opportunities. If you really can't play the cryptocurrency market by yourself, don't force yourself, come find me to be your mentor.