The current market really verifies the saying, 'the market is in Trump's mouth.' Yesterday, Bitcoin fell below $110,000 under Trump’s influence, fluctuating around $107,000, while altcoins dropped 10-20%. This morning, BTC once fell to $106,800, and other cryptocurrencies also saw a general decline.
However, it suddenly surged again in the afternoon, returning above $109,000. Amidst severe volatility, nearly 160,000 people in the cryptocurrency market were liquidated in the past 24 hours. Both sides were hit; what a strategy!
So, previously when speculating on the Federal Reserve, at least there were clues to follow. As for Trump's statements, he might not even know what he will say tomorrow!
Recently, as the BTC price broke $110,000, it set a new historical high. This week, the total trading fees reached $6.43 million, with an increase of 51.03%. Note that the support for Bitcoin is at $106,500, and lower at $105,500-$104,500, where many short positions are trapped and not easy to exit. If trapped, $106,500 is the stop-loss point.
Recently, although there has been a $5000 adjustment, the bullish trend remains unchanged. The upper resistance at $112,000 is not the highest, just a local peak. We need to break through the range of $108,500-$109,500 to return to the previous highs of $110,500-$111,500.
Is ETH aiming for $3000? Those who are waiting will continue to wait! The resistance level for ETH is $2700-$2800; we need to see if there are any narrative ecological benefits to stimulate the price; otherwise, it still cannot keep up with Bitcoin. It still cannot break out of an independent trend.
Next week, there is a Bitcoin conference, and it coincides with the end of the month. Trump's tariffs have added uncertainty. You can continue to hold your positions, but you should have stop-loss orders in place, whether it's spot or derivatives. Don’t add to the remaining positions; at least wait until the US stock market opens normally.
Review: BTC, TRUMP, $B, GASS all made profits; be content with what you've earned.
Today, focus on:
EIGEN
As mentioned yesterday, the price hasn't changed much; once again, the current price is 1.46, with a limit order at 1.85.
OBT
The current market cap is still acceptable; you can see it on the Alpha section of the Binance homepage, and the first one is right there.
Current price 0.116, limit order at 0.24 (may exit early pending notice, the expectation is to wait for it to go live on Binance)
ONDO
No more words, current price 0.96, limit order at 1.3
And then there's Fan Token.
Those who haven't entered before can continue to ambush; this does not fluctuate with the market. Previously mentioned, when the market rises, it remains still, but now it moves when the market falls. Today ASR is leading. The current prices of ASR, ATM, PSG, and CITY are all suitable for direct entry; it's recommended to sell 70% of the limit orders.
Then there's the current positions everyone holds; it's simply four words—just hold on.
