Musk and Trump tearing each other apart caused Tesla to plummet by 14%, the entire US stock market is also turbulent, and the cryptocurrency market has also followed downwards, with each drop occurring near critical points. BTC just fell below 103000, the price returning to the previous rise position, also near the previous peak.
Yesterday's article mentioned three key pieces of information: 1. The upward liquidation target is at 106.8k or 108k; 2. After breaking new lows, there will be an extreme liquidation market... 3. The first target of the liquidation market is at 101k, and there will be a long lower shadow below that price... Today, as expected, it has plunged near the key point of Bitcoin, reaching the rebound point, which is not the point of panic selling, but it also does not satisfy the time for reversal. At this moment, let the bullets fly for a while.
So for Friday and the weekend's market, my thinking is as follows:
1. If the data is negative tonight, leading to spot selling again, then the liquidity gap below 99600 will be a potential support level. If it cannot recover during the day, it will confirm the opening of a bearish trend, and the downward trend will ruthlessly continue to around 96600...
2. If the data is positive tonight: Spot market will buy in again, then the futures market will give a very good boost to this rebound, and the price may rebound back to around 103k. The subsequent market can continue to observe large fluctuations within the range. The target will directly reach 108k.
3. Data neutral, so the price is likely to move in a structure of oscillation + slow upward trend. Bitcoin is being bought more as it falls, June may be the last opportunity to buy at low prices. After June, the market will gradually recover and then enter a bull market because all the positive factors are in the second half of the year.
LA
Altcoins with low leverage and high returns, 15-minute EMA20～EMA80 golden cross, the upward trend line shows support, worth gambling, just hit near the trend line! Stop loss if it breaks below the upward trend line, you can give it some leeway (altcoins are highly volatile).
$Jager
The dividend mechanism, Binance Alpha directly supports dividend feeding, is still the first precedent. Initially, 90% of the airdrop was given to the community for free, after a few dips it has risen again, with Binance's support behind it. CZ has also indirectly retweeted it twice - now the market value is 19M, with a large number of holders, the basic plate is stable. Currently participating in the liquidity bonus plan on Four, strong retail consensus, and the project party is also investing their own money in support, clearly having follow-up moves. The expectation for spot trading to go live is high.
$BMP
Strong whale coin, has followed from cross-chain top 5M to now, basically has withdrawn from the ETH chain pool. The official Twitter previously stated that it wants its $BMP to develop better. The next step would likely be to add pools on the BSC chain, and it is highly probable to be uds1. Before $BMP migrates to BSC, BSC had no coin (NFT) project conspiracy. Moving to BSC feels like it will likely follow the Cheems route, and the fundamentals of the Binance-supported projects are very good, with a lot of room for growth, just waiting for takeoff.
