Bitcoin is experiencing extreme narrow oscillation, fluctuating around the range of 10.35w-10.53w. Today, continue to pay attention to the 105500 position; only after breaking through can we look for a rebound. The bottom has gone through an hour-level triangle oscillation. If it breaks through the red trend line, the probability of standing above 105500 increases. If a converging triangle structure breaks down and the key support level of 103100 dollars is breached, it will be dangerous!
If this week does not drop below 103000, then the third bottom should also succeed. The entire cycle has oscillated to a peak position. Even if it continues to stagnate this week, it will definitely choose a direction in June. For now, we just have to wait. The support level for Ethereum (ETH) on the daily chart is in the range of 2450-2500. It has been bouncing back when it hits support in the last two days and dropping when it hits resistance. This kind of movement is an ultimate money-making situation for short-term contracts, but still, as I said before, do not go long; I'd rather short when it bounces back, with 2466 and 2542 as key points. For spot trading, we are in a state of waiting with no positions, waiting for Ethereum to break below 2400, after which it will quickly reach the support level in the range of 2260-2300.
Recently, the market has seen an increase in the frequency of wild fluctuations; watch for signals at key support and resistance levels and act decisively. If it doesn't break the level, you're making a profit; breaking the level means a loss. From the trends, this is the most suitable operation at the moment! Currently, the impact from news is also significant. Iran is at war; who knows when we might wake up to a missile hitting our positions? Plus, with Trump’s unpredictable statements, there are too many uncertainties leading many users and retail investors to incur losses and exit the market. Given the overall poor macro environment, it's normal for there to be less capital in the market. If you want to play recently, don’t overthink it. Making a profit in the current market is already quite good. ZKJ plummeted as it was launched as a contract to exploit retail investors, first launching ALPHA, then the contract, leading to a continuous downward trend. The trend is quite similar to previous coins like WCT and MASK—could it be the same project team? They all experience a significant drop followed by a rebound, then create another lower low. I shorted near 0.6 during the rebound, and it has dropped to 0.3 today; short selling means profit.
Alpha's short selling continues, the strategy seems fine at the moment, consistently profitable. The red ones are projects in the trading competition, there's no panic at all, they turn green right after it ends. Many cryptocurrencies during the trading competition are fluctuating, so short selling is the strategy. It's safer to short just before the day the trading competition ends. So far, I've only stopped out twice, with a stop loss set at -35%. In hindsight, it didn't need to be stopped out as it dropped back again.
For old coins and obscure coins in the Binance Alpha pool, we are launching the [Short Selling Strategy]—achieving a double benefit: new coins make gains + old coins short sell! Core strategy for short selling: Open positions for each coin separately to diversify risk, investing 100U in each asset, only using 1x leverage for short selling. Take profit: Close positions when single coin profits reach 100U, securing profits. Risk control: Set stop loss for popular coins at -80% to guard against black swan events. Cycle: Most coins have a short selling window within 3-14 days of being listed; strict risk control. • Prioritize coins that have lost relevance, with declining trading volume, and weakening candlestick patterns. Graded List: • Favorite (strong monitoring, not short selling for now) - Active coins in trading competitions, community engagement, strong candlestick patterns, major players in control; • Concubine (observation pool, waiting to short sell) - Weak rebounds on the first day of listing, divergence in volume and price, community interest beginning to wane; • Abandoned concubine (short selling targets) - High position dive, new lows on daily charts, sluggish trading. Conclusion: Binance Alpha has thousands of beauties, but much of the excitement is fleeting. Don’t just be a spectator or a bag holder; courageously short against the trend and seize the other side of the Alpha dividend.
