Last night BTC and ETH rebounded again this week and reached new highs. Yesterday, I emphasized in the article (Trump harvesting the crypto world! Bitcoin V surge! Is the surge starting? Which coins will explode? (with benefits)) to pay attention to Bitcoin around 106000-107000 for intraday shorts in batches, currently this position is the daily pressure level, 108000 stop loss, sweet dream at 106632, shorting at high positions, profiting 41%, currently planning to take profit and exit.
Bitcoin has rebounded to the short-term supply line, and the continuity of the trading volume in the past two days is more stable than the trading volume between 6.6-6.8, indicating stronger buying pressure. From the volume-price relationship, the probability of Bitcoin breaking through the short-term supply line and continuing to rise is higher.
On-chain data shows that the Bitcoin surge chart indicator is the concentration of long-term holders (holding for >155 days) within ±10% of the Bitcoin spot price. That is, among the long-term holders' chips, the number of chips with a buying cost price within ±10% of the spot price accounts for a percentage of the total chips held by long-term holders.
In June 2020, this indicator broke 0.12, and afterwards BTC had a small surge.
In September 2020, this indicator broke 0.12, and afterwards BTC had a large surge.
In October 2024, this indicator broke 0.12, and afterwards BTC had a small surge.
Recently, this indicator broke 0.12, will it surge?
ETH Ethereum price has broken through $2,400, but has not returned to the rising channel. On the 2-hour level, it is forming an arc top plus cup handle pattern, which is a bearish pattern. To break the situation, it must break through the upper boundary of the cup handle pattern to lift the downward crisis.
Ethereum breaks through 2467 with volume on the right side to go long, recover stop loss. 2445 breaks down with volume on the right side to go short, manage stop loss. Pull back to 2363 to confirm effective support to add one more long, break below 2332 to stop loss.
Ethereum on the hourly level breaks and stabilizes at 2465 looking up to 2486-2506. Pay attention to 2508 for a short position, break 2545 for stop loss. Left-side order: 2317 long, break 2287 for stop loss. Altcoins follow Bitcoin's rebound, in the past two days the public chain track SEI's performance is relatively strong, it can be focused on later, there must be strong backing behind this strong coin. Circle IPO announcement shows that the token with the most holdings by Circle is not ETH, not BTC, but SEI. Why does the stablecoin giant hold SEI? (1) SEI is a chain specifically for trading, low latency + high concurrency, USDC is in need of this high-speed runway. (2) It is not just a copy-paste compatible with EVM, but directly supports order book at the bottom level, suitable for on-chain CLOB and various settlements; (3) Circle mostly sees SEI as the future 'on-chain Swift', preemptively positioning itself in the settlement layer. What Circle, as old finance, cares about is often not the excitement, but whether the infrastructure puzzle can be completed. Currently, public documents find that Circle's cryptocurrency holdings include: $BTC, $ETH, $APT, $SEI, $OP, $SUI, etc., everyone can layout a little.
On-chain CA: Market value over seven million, trading volume 274 million, CA is likely to start a strong upward trend, doesn't this trading volume and heat exceed that of first-tier exchange altcoins? Come on brothers! Those who haven't bought can continue to buy! A fivefold increase in market value to forty million is reasonable, right?
EGL1: The USD1 trading competition is currently first in trading volume, market value, pool, and heat. It is also a coin of interest to the Trump Foundation - wlfi chairman; every time I tell you, you can earn. The first time from 25 million market value to 110 million; the second time from 40 million to now 80 million; steadily rising, pay attention to it, new highs are coming soon.
