Bitcoin had a brief spike in the afternoon, reaching around 106524, then directly crashed overnight, dropping to a low of 102354. It completely followed Tianmeng's prediction of a spike and crash. Currently, the triangle is nearing its end. Personally, I judge that Bitcoin will clear the shorts above 105500-107000 before falling. In the afternoon, Tianmeng updated the short strategy by shorting at 105800, with target prices of 104500-103500-102500. Fans have already profited significantly, making 3000 points and 193% profit.
BTC
Bitcoin's current market is fluctuating around 105000. Currently, the highs are consistently declining, and each time it's testing bearish OB and rejecting downward movements, which indicates significant pressure above. It continues to show a fluctuating downward structure, so rebounds present shorting opportunities.
Bitcoin's rebound currently has a few key levels: 104 M15 bearish OB, 1055 H1 bearish OB, and 108 H4 bearish OB, corresponding to three different levels. With the low liquidity on weekends, we should first look at the 104 M15 bearish OB, where shorting is rejected. The best position is near 1055 H1 bearish OB.
Currently, for shorting, if you are leaning towards medium to long-term, it is recommended to set a stop loss at 109. The short-term stop loss is at 1066.
ETH
Currently, ETH has reached the daily key support level of 2380. It will likely recover from the drop during the early morning in the next couple of days. The specifics of how much will be restored are unclear; if market funds are strong, it may recover to around 2490-2500. If market funds are not strong, it will be difficult to surpass the 2450 level. If you open long around 2400, you can observe market sentiment; if something feels off, exit in time, don't be stubborn.
The significant decrease in ETH spot CVD was the main reason for yesterday's decline. The increase in positions indicates that more people are betting on a rebound at support. If it rises, everyone is happy, and the market is still fluctuating within the range; if it falls, it will truly head towards around 2200.
SOL
SOL dropped to 95 at the beginning of April, showing overselling, rebounding nearly twice before continuing to distribute, presenting a standard cycle distribution pattern, which can be referenced from the last round. If you want to bet on a second exploration, you can buy around 110-120, but if it breaks, you must run quickly. If it breaks 100 again, everyone can completely take a break and travel in 2025.
Altcoin
Yesterday, Tianmeng shared a shorting code at the end of the article — HYPE, with short positions making a massive profit of 217%. Yesterday, it was mentioned that there were two large buy orders at 33.105 and 29.993, with a high probability of buying opportunities around these levels. Fans who bought at 33 are also starting to profit.
The worst performers this round are those old altcoins in the CEX. If Bitcoin and altcoins were led by the village chief to develop and start businesses in the past few years, with profits shared by all, it is now clear that the village chief has been promoted to the central government, with a bright future ahead, while the old villagers are left alone in the old world. Although it is harsh, this is the reality.
The cryptocurrency market has been the best place for a turnaround and overtaking for the past decade, but that doesn't mean it will always be this way. Just like the top ten projects in 2013, besides Bitcoin, Litecoin, and Ripple, the fourth to tenth coins all disappeared. These seven projects were PPC, NMC, FTC, NVC, XPM, MEC, QRK, most of which you might not have even heard of. This is due to the leap in times; perhaps in two years, 99% of the current cryptocurrency projects will end up like this, with no price and forgotten by everyone.
Therefore, we must persistently learn in this circle, especially after experiencing the eras of inscriptions, memes, and AI agents, the pace of the cryptocurrency market has noticeably accelerated. Many so-called leading projects in the race may not survive beyond three months. We must seize projects with eternal characteristics and bravely say goodbye to old coins that are at risk of being eliminated.
This afternoon, Tianmeng found several good shorting opportunities in altcoins again. Interested fans can contact me for more.
Lastly, a sudden piece of news — Trump is criticizing Powell again, continuously emphasizing that the Federal Reserve needs to lower interest rates quickly and reconsider whether Powell should be fired!
That's all for today's article. In the upcoming bull market, I will guide everyone to aim for the wealth opportunities in altcoins, with an expected space of more than ten times.
