Children's Day on June 1st! First, I wish all friends a happy holiday! Last night, the market was truly a harrowing night, with 1.1 billion CNY vanishing into thin air, and 74,050 people liquidated to zero. If it weren’t for the weekend plus the Dragon Boat Festival holiday, it might have replicated the tragic scene of 4 billion + 200,000 accounts vanishing on Friday night!
What will Bitcoin do next? Continue to be bearish or bullish?
The current trend is consistent with our expectations; the support level mentioned yesterday at 102000-103000 has indeed held up, and we are still in a volatile market in the short term. If it can rebound to around 106000, there is strong resistance, and shorting in the short term has a high cost-performance ratio. For going long, I suggest positioning near the 103000 support area. My personal trading style is to prefer making fewer trades rather than opening positions in uncertain areas; operating with support/resistance is more stable.
Our recent winning trading logic is based on predicting the four-hour level Vegas tunnel pullback trend at high levels. The first pullback after the golden cross of the four-hour Vegas tunnel usually accompanies a significant surge. I still firmly believe that the coin price will not drop straight down; there will be fluctuations and larger rebounds. When we get close to the bottom, I will shout for everyone to buy in!
Predicting market trends is thankless; if you guess right, no one praises you, and if you guess wrong, you’re scolded. Most people in the market only look at the big direction, and few can accurately grasp the trends.
Recently, the whale James Wynn is holding a high-leverage long position of 270 million USD! BTC at 30x leverage, with a liquidation line at 94,766 being precarious; ETH at 25x, at 1,984 USD is walking on thin ice.
Although Ethereum is not favored by the market, I have never sung its demise and have always firmly been bullish!
The monthly level morning star pattern has formed, which is extremely bullish; the cloud system has also completed its bottom formation, and the upward trend at the monthly level will continue.
This morning, I clearly indicated a buying opportunity around 2485, and sure enough, we made another profit! We took our profits and ran; no matter how much it pulls back, the logic has been simple and clear recently.
Years of experience tell me that when 'making money seems taken for granted', it is often the ambush point for losses. Don’t be driven by emotions; chasing highs and lows is the easiest way to crash.
In the past three days, ZEN's volatility reached 68.27%!
In this extreme market, losing money often comes not from missing out, but from emotional chasing after a sharp decline, thinking 'let’s give it another try.' Technical reports show that previous lows combined with oversold conditions do indicate a buying signal. However, buying after an extreme drop requires strong psychological resilience, and forgoing entry itself is a rational choice. More importantly, you must never chase shorts at this position! Fatal losses often stem from emotional decision-making and simple attribution.
Facing abnormal volatility, the primary principle is to protect yourself. Don’t let short-term sharp fluctuations or the impulse of 'scooping a quick profit' simplify your technical analysis. The significance of indicators and patterns is to help filter out high-risk impulses. Some opportunities can be abandoned, but fatal risks must be avoided.
Revisiting GASS again
I have reminded several times earlier, and I wrote about it in past articles. Recently I mentioned, when GASS pulls back to 0.0{8}681, it’s time to get in; today it surged to 0.0{7}139, with comic cats doubling, yielding a 105% profit! Friends who joined can take their profits now!
WCT 'You see it rise high, you see it feast guests, you see it collapse.'
A high wall built over seven days collapsed in one day, with full screens of red shorting chips. This trading method is sharp, but unfortunately, the timing was not chosen well! However, I really appreciate this project party that pulls the market with real money, far surpassing 99.99% of the lying flat projects. I acknowledge the losses, but at least I can play freely!
Regarding altcoins: it’s a good time to place orders for strong altcoins.
PEPE:
Having repeatedly emerged independent market trends, below 1 is a high cost-performance ratio; you can buy in batches at the current price, and if it falls below 1, add to the position to average the price.
SUI:
A hardcore coin, which ignored the market and moved independently in the last cycle. This drop below 3 is a buying opportunity; SUI's ecosystem leader supports Cetus, demonstrating ecological strength and is trustworthy!
AAVE:
In the previous cycle, the cost profit was 130, and this wave has not yet arrived at the re-entry point. Strong stocks need to wait for a black swan event or a BTC flash crash, and consider the 220-200 range.
In this cycle, altcoins are difficult to play in the short term; greed is a big taboo, and the long-term opportunity has not yet arrived. Profits from the previous cycle are decreasing, but a new cycle is about to come! Everyone, hold on a bit longer, get through the low point, and make early layouts to seize the next wave of the market. The profits owed to us from the first half of the year will eventually return!
