Wishing you a healthy Dragon Boat Festival!

Recently, many people have been watching the market rise but are still panicking, fearing it will crash like in 2021—where Bitcoin soared only to plummet, eventually entering a bear market. Especially now that prices have reached new highs and the trend seems somewhat similar, many people begin to see themselves reflected in it, believing that 'the 2022 crash is about to repeat itself.'

But this is actually being blinded by 'similar patterns.' Those who have experienced declines and cut losses are more likely to fall into a 'bearish obsession,' constantly seeking reasons to deny the current trend even when the market is doing well. This 'carving the boat to seek the sword' way of thinking leads people to focus only on past shadows while ignoring real market signals.

The real risk is realizing only when everyone else starts to be greedy and bullish; by then, the market has already reached its end. The biggest opportunities in the market are always left for those who can see the trend clearly in advance and dare to go with the flow.

As Meme coins overall weaken, Shiba Inu (#SHIB) faces the risk of adding another 'zero' to its price. Currently, SHIB is priced at $0.0000133, down about 4% daily, and more critically, it has broken below long-term support—the 50-day moving average. This technical loss may indicate a deeper retracement; if it continues to weaken, SHIB may test the range of $0.0000120 to $0.000009, approaching the early 2025 low point.


Shrinking volume and a declining relative strength index indicate that bears hold the upper hand. If the range of $0.0000145–$0.0000150 cannot be quickly reclaimed, the probability of breaking down to $0.000009 will significantly increase. Weak technicals combined with collapsing sentiment may trigger liquidity exhaustion for SHIB, reliant on speculation, even loyal holders may find their confidence shaken.

Signs of a rebound for Bitcoin are starting to appear.

#Bitcoin recently encountered resistance around $110,000 and has pulled back, currently testing the 26-day moving average (around $104,000) as key support. Although the consecutive declines indicate weakening momentum, the long lower shadow of the latest candlestick suggests that buying pressure is starting to return, and the market may be brewing a short-term reversal.

Currently, Bitcoin trading is around $103,000. If it can hold above the 26-day moving average and steadily rise, it may challenge the $110,000 peak again, or even break through; otherwise, it will test deeper support levels, such as the 50-day moving average (around $95,000). This round of consolidation may lay the groundwork for the next wave of increases, with the key being whether buying pressure can continue to strengthen in the short term.


Overall, this candlestick pattern releases positive signals, but the price movement in the coming days will determine whether the rebound is established. Traders should closely monitor price and volume changes around $104,000.

Ethereum is caught in a wait-and-see range, with a breakout imminent.

#Ethereum is currently fluctuating within a narrow ascending channel, with prices gradually pushing up to around $2,690, approaching the $2,850 resistance level, but trading volume continues to decline, indicating a lack of confidence in the market. This divergence between volume and price makes the upward momentum appear weak; if the channel support is broken, ETH may drop to $2,400 or even $2,100.

Although the 50-day and 100-day moving averages are compressing, indicating that prices have entered a consolidation zone, ETH is still recovering from a long-term decline, and the market is waiting for clear signals. If it successfully breaks through $2,850, it may trigger a new round of increases; otherwise, a breakdown of the channel could lead to further retracement. The current situation suggests that a critical moment is approaching, and the direction of the breakout will determine ETH's next phase of movement.

In the cryptocurrency circle, knowledge is the password to wealth!


#加密市场回调