Today's non-farm data is also good; even Trump specifically published an article congratulating the employment data and wage data, and he also criticized Powell. I hope the sentiment of today can continue over the weekend, let's have a good weekend first.
In the past 24 hours, the cryptocurrency market has experienced significant price fluctuations, but the turnover rate of BTC continues to decline, showing limited interest from most investors in short-term price changes. The main turnover still comes from early investors who chased high prices, and the market overall has a strong wait-and-see sentiment. From a support level perspective, the range of $93,000 to $98,000 remains solid, while the accumulation of chips between $100,000 to $105,000 has increased, but is mostly held by short-term investors and has not formed effective support.
Bitcoin ($BTC) trend outlook
BTC is consistent with my expectations from yesterday; I also publicly took profits on this long position.
BTC is expected to hover in the range of $102,000-105,000 for a few days before failing to push through the resistance level of $106,800, then dropping below $100,800 to directly test $9,800, providing a lower buying opportunity. Stay tuned!
Ethereum ($ETH) pullback and opportunities
ETH precisely took profit at $2,520 yesterday, reaching a high of $2,531 before starting to adjust, aligning with the previously predicted take profit range of $2,500-2,520.
I still believe that the current rise is merely a rebound after a 6-day overselling and does not indicate a reversal. The ETH price is likely to retest around $2,200. Market liquidity is relatively low on weekends, and fluctuations are expected; there are a lot of liquidation orders at $2,435.
The market may continue to test the $2,400 support level before rebounding to the $2,520 resistance level. If it fails to break through, it will adjust and fall below the $2,400 support.
What ETH price point offers good value for money?
The price of ETH at $1,400 in April this year has formed a bottom, and it is unlikely to fall below this price! Every pullback is a buying opportunity, and this opportunity is expected to appear in the $1,800-2,200 range.
Other altcoin dynamics
$SUI：
Lowest dipped to $2.87, target of $3.23 has been reached, with a swing profit of 12 points. So satisfying.
$FARCTOIN：
I just checked the market and found that the overall trend is not bad. I tried to open a few long positions with light positions to feel the market fluctuations.
$MASK plummet review: Are the big players offloading or washing positions?
Yesterday, $MASK plummeted, with a high-level instant sell-off. To be honest, it looks like a precursor to the big players running away, selling off the last wave before escaping, hitting hard and accurately.
Short-term trend is key; if the price stabilizes in the range of $1.8-2.1, it may signal a new round of upward movement after washing positions; if it continues to decline without rebounding, it confirms a running away signal, and high short operations are recommended, targeting $1.5 or even $1.2-1.3.
$TRUMP：
Broke through a key level but did not decline rapidly, indicating weakness in the downtrend. It is expected to rebound after fluctuating near the key point in the short term.
$PEPE：
Dropped from $1.6 to $1.0, a decline of over 30%, hitting a low of $0.98. The continuation of the downward movement has limited space, and it is expected to rebound to the 60% level of $1.6, with small resistance.
BSC chain and Meme craze
The ecological activity on the BSC chain is currently vibrant, reminiscent of the SOL chain's momentum. Meme coins have at least one PVP game a day, and no hot spots are missed, satisfying all the desires of gamblers.
Yesterday, a $BC was released, and today another $Ana came out. Small market cap P is really exciting, but don't forget a common point: they all want to rely on cz_binance for promotion. Never hold overnight positions; as long as I run fast enough, you can't kill me.
