Recently, BTC has started to rise with lower volume again, and there are clear signs of a top divergence on the hourly chart, but interestingly—it hasn’t rushed to pull back, instead choosing to move sideways to digest pressure. A typical 'holding up without falling', if it continues to surge suddenly next, it will likely 'kill the shorts', forcing short sellers to cut losses. In the short term, I’ll keep an eye on the area around 107800, which might be a good opportunity to take profits.
However, looking at it from a larger perspective, BTC is currently at the upper boundary of the 4-hour downtrend channel, which is not a suitable position for chasing gains. The market is moving forward in fluctuations, and a sense of rhythm is more important than a sense of direction.
In contrast, ETH's recent performance has indeed left people a bit 'dumbfounded'. Several attempts to push higher have failed, and new highs have yet to be reached. Will ETH really be replaced by newcomers?
In this context, some structurally stronger altcoins are starting to present short-term opportunities, especially those newly launched coins that are gaining traction in the news, worth paying attention to.
SEI skyrocketed by 17%, who is backing it?
In the past few days, SEI surged again, skyrocketing over 17% within 24 hours, peaking at $0.3341, now firmly standing around $0.30. Such a trend has directly sent it into the top 50 by market capitalization in cryptocurrency, and many people are starting to ask again—can SEI break back to $1?
This surge is not without reason, the core positive news comes from Circle (the company behind USDC) completing its IPO, with a valuation of up to $59 billion—importantly, SEI is one of its major projects. Once the news broke, the market responded positively, and the price soared.
From the chart, SEI took off from $0.157, first breaking through the key 0.618 Fibonacci level ($0.220), and is now consolidating around 1.0, with the next target being the 1.618 extension at $0.3466. Mid-term, a realistic target is $0.46.
Old rules, be cautious when chasing gains, don't let short-term surges dictate your rhythm.
Link exploded thanks to Mastercard's good news, how long can the upward momentum last?
Today the market exploded, Chainlink announced a strategic partnership with Mastercard, aiming to enable 3 billion credit cards worldwide to buy coins directly on-chain! This major positive news caused LINK to soar with double-digit gains, completely igniting market sentiment.
However, emotions aside, the price started to stall after reaching around $13.72. Now LINK is hovering around $13.30, although the daily increase is still +1.35%, the trading volume has dropped by 7%, showing signs of fatigue after the surge.
Next, two key levels to watch:
Breaking above $13.73 → then up to $14.15, the market is expected to take off again;
Falling below $13.30 → retracing to $12.80 or even lower to $11, the upward momentum will be considered paused.
In the short term, $13.35–13.40 is a testing range, with a stop loss above at $13.86. Don’t let sudden pullbacks hit you hard. Right now, LINK's 'story' is powerful, but the market trend still needs to respect the technical rhythm.
Is FLOKI about to restart?
While monitoring, FLOKI hit the brakes around 0.000059, producing a beautiful bullish candle that broke through the previously frustrating descending channel. Now the price is stuck around 0.000073, with MACD's green bars rapidly shrinking, and the two lines starting to 'kiss', indicating that the bears are losing strength. The 4-hour Bollinger Bands are expanding, the lower band is sharply rising, and the K-line is walking sideways close to the upper band—a typical 'buying pressure'.
What comes next? 0.000076 is the first threshold; if it stabilizes here, it could aim for 0.000082, and in favorable conditions, look for 0.000095. If bulls show slight fatigue and the price falls back below 0.000067, this surge will need to be temporarily withdrawn.
Overall, funds are accelerating accumulation, FLOKI finally shows signs of a turnaround, but don’t forget to set profit-taking and stop-loss levels, don’t let the peak turn into torment.
Finally, I want to share a thought. This morning I saw a tweet from CZ, though short, it was profound:
"If you always sell at the lows, it means you need to stop following the weak-willed and start following the right people."
This statement is really enlightening.
Many times, we are not cut by the market, but by the 'emotional circle'. Those who tell you to sell in panic and to buy during FOMO are actually your true adversaries.
That's it for the article! If you're confused in the crypto space, consider strategizing and harvesting with me!