The market has been really hard to deal with lately. It was difficult to short, but over the weekend, it surged all the way up. There was a slight pullback last night, but at 5 a.m., it was pumped again by President Trump’s remarks, leaving the market in a stalemate. 108,800 is a key position with a very high daily turnover rate; if it breaks through, the next target for BTC is directly pointing at 111,000.
Today's hot opportunities:
1. Continuous inflow into ETFs, last Friday BTC ETF attracted over 500 million USD, ETH ETF saw an inflow of about 70 million USD.
2. The on-chain performance over the weekend was impressive, #USELESS and #MORI continued to create ATHs, and several MEME coins rebounded strongly, showing signs of market recovery.
3. Bitcoin has returned above 108,000, with some altcoins showing outstanding performance. The Layer 2 track rebounded strongly, #ARB rose over 50% from the bottom, and #OP, #STRK, etc., also saw significant rebounds.
4. In the MEME sector, #Launchcoin doubled from 0.075, #Pengu and others are operating strongly, while other MEME coins fluctuate with the overall market and have not seen significant rebounds.
5. The CEO of Bitcoin Magazine plans to raise over 100 million USD to establish an organization similar to Fairshake PAC to promote Bitcoin policy.
6. The president of The ETF Store stated that the SEC may approve the Grayscale Digital Large Cap ETF this week, and spot ETFs for XRP, SOL, etc., are expected to follow in approval.
BTC
After a week of consolidation, Bitcoin surged directly last night, retesting the upward trend line. The strong upward movement has a limited rise, with insufficient momentum. The MACD and RSI indicators show signs of a top divergence, suggesting that it may encounter resistance around 109,000 USD in the short term, requiring a pullback before pushing up again. The short-term long position is between 108000-107343, targeting 108789, 109307. If it doesn’t break 109307, you can short on the divergence, targeting 107100.
ETH
ETH key support levels are 2403, 2343, 2285, 2215, with no pressure levels set for now. 2403 serves as a 'long-lasting point'; it has performed extremely well from last year to now, and every time it reaches this point, bulls strongly intervene, triggering a rebound. If it follows BTC's high-level oscillation and stabilizes, bulls will gradually build up strength, and a new round of rebounds may brew. Keep a close eye on high-level volume changes!
Altcoin
The market atmosphere is warming up, altcoins are starting to follow suit, and funds are gradually spreading. Focus on strong altcoins, waiting for Bitcoin to pull back and stabilize before entering the market to seize the opportunity for rebound. In terms of operations, control your position, with Bitcoin as the main line and altcoins as a rotational supplement, trying with light positions.
Spot: You can select strong trending former hot tokens and take small positions for swing trading. You can choose one of BSW, ALPHA, LEVER for a light long position, with a stop loss set at around 10%, and a target profit of at least 20% or more. These low market cap coins usually have a wave of market activity before being delisted!
Contracts: Focus on BTC, ETH, SOL, DOGE, LTC, and avoid contracts on altcoins due to their large fluctuations, which are equivalent to spot already having leverage!
On-chain
Useless
Useless This token has a market value of nearly 200 million, with a second wave increase of over 20 times. In the crypto world, 'useless' beats 'useful'! The project is quirky, on-chain liquidity is poor, it rose for 29 days out of 50 since launch, breaking the two-wave curse of the SOL chain, the first round cut from 40 million to 5 million, but the second wave reached a new high, rare! The K-line is stepping up, and the more it rises, the less people dare to chase it. It continues to rise wildly despite being hard to chase, completely meaningless!
In contrast, the 'brother' coin $USEFUL has a market value of only a few hundred thousand. The project is operating memecoins on two fronts, pseudo-true Pragmatic Play, getting true while eliminating the false, with at least one option likely to yield a big profit!
$gor:
Currently still in a stage of oscillation and accumulation, if it is to break through, the next few days will be the best timing. The short-term pressure is still at 24M; if it doesn't break through, it may still be in oscillation absorbing funds. If it breaks 24M and enters a FOMO state, we could see 30-40M; above 40M is an area I don't understand, possibly needing a huge positive news to realize.
BSC:
High market cap coins indeed provide good support for bottom fishing each time, uptop 30-40m, Bulla 30-120m, BSC still plays it safe with high control + large market cap projects recently focused on.
