Currently, the overall trend of the market is still primarily in sideways consolidation, without a real trend reversal yet, making it suitable for a back-and-forth trading strategy in the short term. What we are looking for next is when the market will change. Personally, I think if there is no change today, we will have to wait until next week, as there will be no news impact during Saturday and the weekend, leading to continued oscillation. The current liquidation map shows that shorts are being liquidated. Based on the current Bitcoin price around $104,000, if it rises again to $105,000, it is expected to liquidate about $1.12 billion in shorts; conversely, if it drops to $103,000, it is expected to liquidate about $136 million in longs.
Back to Bitcoin, after the liquidation of 100.8k on the 13th, the speed of liquidity up and down has dropped sharply, directly cutting off over 50%! This indicates that the range oscillation requires patience, and only by remaining silent can enough energy be accumulated.
The only liquidity range worth noting is between 105k and 106.5k. If it continues to surge upwards, it might be subject to a targeted liquidation by market makers or major players. If they clear the shorts above 106k, it will be fine; then they can continue to short.
Currently, the clearing of longs is not sufficient, and the liquidity of the longs below is still slowly stacking, with a more even distribution. If it fails to break through, or if it falls below the current range, we will see a large appearance of longs after every small rebound, which would create a sustained downward momentum.
So as long as there’s no clearing of shorts, it will remain in a range oscillation until next Monday. After three days of wear, both long and short liquidity will gather, and as long as one side has sufficient volume and stable distribution, once it breaks out, the gap can widen instantly.
Speaking of Ethereum, the bulls have already been nearly chewed up after bouncing to the current range. The market will either consolidate around 2500 or drop sharply.
Clear out the remaining longs directly and then come for a smooth drop, restarting a new market trend. Focus on the 2400 integer level; if it holds, don’t panic, the rise is still strong. If it breaks, this wave of Ethereum's market will completely change.
Ambush 3 altcoins that could increase tenfold in the future!
1. BONK
Bonk has risen 81.4% in the past 30 days, sweeping the meme coin market. This Solana-based token achieved over 2,000% surge just a week after launch and has now entered nearly a million wallets. Bonk is hailed as the first dog-themed token on Solana, aimed at reigniting liquidity in the Solana DEX through a fair, community-first airdrop model. Half of its total supply is allocated to artists, developers, and NFT holders, garnering strong support from the Solana ecosystem.
Bonk held an 'epic burn' celebration due to the rapid adoption of its wallet, further igniting enthusiasm. The active community and on-chain appeal (over 350 integrations) explain why its price surged 8.66% in just 24 hours. Daily trading volume exceeded $951 million, and it was listed on 69 exchanges including Binance and KuCoin, showcasing BONK's growing appeal and accessibility. Market momentum continues to strengthen, currently ranking fifth among meme coins.
Despite the explosive growth in the market, caution is still maintained. The 14-day RSI of Bonk is 65.85, in the neutral zone, suggesting sideways consolidation may occur. However, there have been 17 days of increases in the past 30 days, with volatility reaching 21%, indicating a sustained rise with no significant fluctuations. Liquidity remains strong, with the trading volume-to-market cap ratio as high as 0.5088.
Long-term strength is another reason for investor focus. Bonk's trading price is 1,073% above its 200-day moving average, which is impressive and shows a long-term bullish momentum. Although the year-on-year growth rate remains flat, its performance surpasses half of the top 100 cryptocurrency assets. For meme coin hunters seeking high community vitality and stable liquidity, Bonk may currently be the best investment choice.
2. FTT
Despite the collapse of the FTX exchange, FTX token (FTT) has unexpectedly rebounded. After many expected FTT to decline, it began to rise again. The current trading price of FTT is $1.17, up 11.45% last week and significantly up 38.27% over the past month.
The main reason for this rebound is that FTX is continuously returning over $16 billion to those who lost funds at the time of bankruptcy. As this plan progresses, investor confidence is strengthening. This helps to push the value of FTT back up. If all goes well, FTT may continue this positive trend into the next quarter.
After the exchange closure, the value of FTT significantly shrank, but recent efforts to compensate affected users have begun to rebuild trust. Since January 2025, FTX users who have verified their identity and fulfilled tax requirements have begun receiving payments.
From a technical perspective, FTT is showing strong signs of recovery. A 'golden cross' has just occurred—the short-term 50-day moving average has crossed above the long-term 200-day moving average. This pattern usually indicates a long-term price increase. If FTT can break through the $4 mark, there may be a larger-scale rebound in the future. Even after past setbacks, FTT still shows strong momentum and is once again a part of cryptocurrency discussions.
3. AMP
Below is the rewritten comment content with concise vocabulary and original wording. Amp (AMP) has had a dramatic year. It started in 2024 with a price surge of 550% in the first quarter, but these gains disappeared as the token dropped significantly in the following months. In the last five months of 2024, it followed the broader market down, retreating to earlier levels.
However, AMP has recently shown some strength again, rising 37.09% in just one month to reach $0.004943. This increase may indicate a change in trend. From the daily chart, AMP has been moving within a descending wedge pattern since April. The recent price increase brings it closer to the upper line of this wedge, which is usually a resistance level. It is unclear whether AMP can break through this pattern.
Currently, the trading price of AMP is $0.004943, up 5.70% in the past 24 hours and up 19.60% in the past week. Its market cap is approximately $416.4 million, ranking it 140th among cryptocurrencies by value, with a circulating supply of 84.23 billion tokens. The 50-day moving average remains a strong resistance level, indicating that many traders are still cautious.
On the positive side, the MACD indicator shows an enhanced upward trend, with the green histogram rising and lines moving upward. If AMP remains above the key support level of $0.00450, it may attract more buyers and push towards the $0.005 mark. Maintaining above this level could open the path for further increases to $0.00791.
Brothers, hurry to gather in the chat room!
