Bitcoin surged past 108,000, rising nearly 10,000 points in two days, causing many fans to miss out. Sweet Dream mentioned yesterday (Powell conceded! Trump beats the 100x gamblers! Bitcoin and Ethereum surging back, timing is key for bottom fishing altcoins! A new round of 100X wealth accumulation targets is here!) that Bitcoin's market has entered a correction, with a volatile range of 106100-104666. Breaking in either direction could be chased. Sweet Dream decisively went long when realizing Bitcoin would not drop further, making a 150% profit!
BTC
Bitcoin is rebounding and consolidating at high levels instead of declining. It has continuously rebounded upward, strongly breaking the resistance level of 106100, and a nice increase appeared only in the evening. 108400-108888 is the big target for this rise, touching the empty space is possible, waiting in this area, participating with light positions. If a false breakout occurs and it drops back, this would be a more certain opportunity. 104700 has become a phase starting point, and the first touch may have a rebound opportunity.
The daily chart structure shows a bearish pattern with consistently lowering highs and lows; I think this rebound is mainly for unloading. The bearish structure breakdown point is 110400, with a downtrend line at 109300. Light short positions can be tried on the left side.
The daily line has an easily overlooked resistance level at 106700, which has been broken twice on the left and resulted in significant upward spikes; it has also been pressed twice, leading to major pullbacks, so pay attention to this level on the daily line.
Currently, BTC has strongly broken through near 108000, which comes with significant resistance, mainly concentrated in the range of 109000-110000. Now we need to patiently wait for BTC's next move, whether it continues to break through or stops here.
ETH
ETH is continuously weak today and needs more attention. After rebounding, the ETH exchange rate has turned weak. In the short term, Bitcoin's strong V-reversal has siphoned off a lot of liquidity from altcoins.
After a strong rebound, ETH has begun to oscillate at high levels, with no significant strong performance in the short term. It continues to test the 2480 area during the rebound. Although there is no clear pressure, from the price performance, it cannot consistently recover the key position above 2500 in the short term, and the bulls will only become increasingly weak.
Currently, there is no suggestion to chase long positions; low long opportunities are at 2380. If 2380 breaks, the targets below are 2310/2210.
2540-2570 may form a phase resistance; light shorts can be tested.
Breaking news: An analysis as fierce as a tiger, the rise and fall all depend on Trump ~ Trump: The conflict between Israel and Iran may flare up again, perhaps soon. BTC and ETH are panicking in the short term, but it's not a big issue. Currently planning to take profits in batches, and will increase positions when it drops to the target price of Sweet Dream.
Altcoins
Altcoins are still the market trend for cryptocurrencies; recently, $sei has been soaring, largely due to Circle's substantial holdings. Additionally, Circle has also clarified its holdings in $apt, $su, $zro, and $op, which are also worth paying attention to.
Next, we should pay attention to leading projects in top sectors like AI, RWA, stablecoins, DeFi, ETFs, and L1. Applications that no one uses and protocols without real trading will not perform well in this round. In short, trading cryptocurrencies must keep up with the times; this round's market is primarily led by professional institutions. Do not naively think our understanding can exceed that of institutions; the smartest move is to buy behind institutional players, which at least avoids pitfalls.
$H
The H airdrop has entered a new phase. With limited buying power, the allocation ratios for major exchanges, BN Alpha, Kaito, and others have become a new issue. After all, projects that do not plan chip allocation will face infinite selling pressure upon launch, making it difficult to have room for growth. After Humanity IOS goes live, there will be an immediate snapshot, strictly preventing witch hunting, and token rewards should ideally go to real users; the liquidity mining studio is likely in trouble. We'll continue to organize the data and see the airdrop and token situation for major exchanges and Kaito (claiming airdrops is quite cumbersome). Many are critical, but the chips look good. Let's see if a big stick comes later.
Lastly, let's talk about the tokens in the secondary market worth paying attention to in the past week. Which stable yield pools on the chain are worth monitoring?
$CAKE: PancakeSwap launched the CrosschainSwap feature. Users can now exchange tokens between BNB Chain, Arbitrum, and Base chains with one click.
$SKY: Sky Ecosystem has gone live on Optimism. Users can now mint USDS and stake from their superchain.
$COW: CoW Protocol has launched the Fair Combination Batch Auction (FCBAs) mechanism. This mechanism aims to improve efficiency and eliminate malicious value extraction, etc.
$JUP: Jupiter has launched the Radar feature on its mobile app. This feature will send notifications when there are new airdrops or when your LP (liquidity provider) position is out of range.
Derive: Launched Derive Pro. It claims that this product can provide a 2-3 times capital efficiency improvement, faster execution speed, and stronger customization features.
Spectra Finance: Expanding its business to Avalanche and BNB Chain, Spectra Finance is a yield trading protocol that supports permissionless creation of liquidity pools.
