In the past week, BTC attempted to rebound and reclaim the 30-day moving average defense but quickly failed, rapidly falling below the 30-day moving average and being pursued by bears to the position of 100837, while ETH fell to 2216, with altcoins following suit.
This time, President Trump released a reverse smoke bomb, claiming he would play golf over the weekend, making the market think it would be dovish, causing bulls to let their guard down. As a result, at dawn on Sunday, B2 suddenly acted, directly 'finished it,' leaving the bulls stunned! This tactic of combining false and real plays is executed perfectly, and the costs are still borne by the market's heroes.
A total crash! Market risk aversion sentiment is rapidly rising, and investors are selling off risk assets.
Cryptocurrency market plummets collectively, as of the time of writing, Bitcoin is down 1.36%, Ethereum is down over 7%, Cardano and Dogecoin are down over 6%, Solana is down 4.63%, XRP is down nearly 4%, and BNB is down 2.50%. Coinglass data shows that in the past 24 hours, over 170,000 people in the cryptocurrency market have been liquidated, with a liquidation amount reaching 682 million USD.
In my article yesterday (The Short Position Made a Killing in the Plummeting Market! Will Bitcoin Drop Further? Manipulating Altcoins! A Major Market Event is Coming Next Week, How Will Retail Investors Profit Amidst the Bloodbath of Altcoins?), I indicated for BTC: 'If 102339 breaks down and can't recover, look at 101489-100699 below.' For ETH: 'For those who opened long at 2400, exit if abnormal. Break or probe below 2200.'
Has everyone done a good job of position management? There was an opportunity to exit at breakeven last night! For the trades I made at low buy points, if 2-3 points were hit, exit at breakeven or reduce positions by 80% during the right-side rebound and set breakeven stop-loss!
Be sure to remember, it's crucial!
The weekend order points provided earlier: BTC order point at 101450 hit, profiting 1400 USD. ETH hit three low buy points at 2343, 2285, and 2215, with an average price of 2281, reaching a high of 2314 in the morning session, profiting 32 USD, currently consolidating at 2295.
It is advisable to reduce positions by 80%, set a breakeven stop-loss or none at all, waiting for a deep squat to replenish. Due to entering three points, the position is relatively heavy, with the lowest profit stop at 15 USD, immediately exit 80%, locking in principal and some profit.
Yesterday's short position didn't hit (BTC 104100 difference of 150 USD, ETH 2466 difference of 20 USD), but the strategy of focusing on shorts and supporting low longs remains unchanged, and there is no need to adjust the rhythm. Strictly execute the strategy, take profits if profitable, cut losses if losing. Similar situations have occurred many times in the past 20 days, so do not be complacent, or you risk being ambushed by manipulators, becoming a bag holder.
Review
The FARTCOIN short position entered at 1.0844, and today's return of 486% has nearly quintupled.
Altcoin
Many friends feel that altcoins have already bottomed out and want to enter to buy low, but where is the real bottom for altcoins?
Even if a coin drops from 100 to 20, an 80% drop, and then falls another 50% to 10 is quite normal. If you buy at 20 and it drops to 10, you lose half, which is a halving for you. Bitcoin and Ethereum are both falling, manipulators continue to offload, how can altcoins rise? Occasionally, due to excessive drops, there might be slight rebounds, but the overall downward trend remains unchanged; entering rashly is just picking up the tab. In this round of bull market, shorting altcoins at highs is the right path.
On-Chain
The cryptocurrency market is bleak, with the overall market down and on-chain funds extremely scarce. Friends playing memecoins might consider taking a break and going out to travel to relax.
ETH Chain: New coins have a market cap of at most 1 million, old coins continue to slowly decline, yielding little, effort without reward, and possibly small losses.
SOL Chain: PVP continues, but the overnight holding risk is extremely high. Coins like $GOR have drained funds from other coins, and new coins barely reach a million at their peaks; they will definitely plummet within 24 hours.
BSC Chain: Without the influence of cz, it's basically stagnant water, with no opportunities.
In this kind of market, everyone should be cautious! I heard that a foreigner lost everything in trading last night. Trading is just a part of life, don't let it ruin everything!