Bitcoin surged to $110,000 and then crashed instantly, with wild fluctuations, both long and short positions blew up, and the main players violently harvested profits! In the last 24 hours, a total of 81,217 people were liquidated globally, with a total liquidation amount of $193 million.

Currently fluctuating around 10.89, yesterday's article (Bitcoin surged to $110,000, crushing all shorts! Will it reach new highs this week? The new king of MEME, this coin is going to skyrocket!) mentioned that above $109,500 is a bold shorting zone, with stop-loss around $112,500. Short-term take-profit at $108,000 and $106,600, long-term near $100,000.


BTC

Currently, Bitcoin is forming a chip snatching range between $108,400 and $110,600, creating a new whipsaw zone. The best strategy in this market is, of course, to sell high and buy low; the closer you get to $110,600, the more you should short, and the closer you get to $108,400, the more you should long.

Approaching this ceiling position, I prefer to ambush shorts near $110,600. Now going long can only yield a profit of 2000 points, while shorting at highs can yield a profit of 10,000 points. There is plenty of room for shorts downward, and good defense above.

Since today is the U.S. Independence Day, the U.S. stock market is closed, and trading volume may be insufficient, which could lead to a short-term pullback. We expect support around $108,400 for the pullback, and buying opportunities at 500 points above and below. Next week, as the market builds momentum, Bitcoin is expected to continue to reach new highs.

ETH

Ethereum is currently moving in a box range on a 2-hour level. It will only find a new direction when it breaks above or below this range. If you are on the left side of ETH, just ambush shorts near the 2660 pressure point and switch to longs around 2550. If you're on the right side, short if it breaks below 2550, and if a false breakdown occurs with a rapid pullback, immediately stop-loss, which is about 20-30 points of space. For now, look down to 2390.



Altcoin

The secondary market has no profit effect; it's all about the main players pulling up and selling off. In the end, it's all about how it was pulled up and how it will be smashed back down. NEIRO, INIT, and PNUT soared yesterday but crashed today. Recently, I've been emphasizing not to get caught up in altcoins, it's better to take profits and exit, be a 'scumbag'.


Now there is a wealth effect on-chain, I saw that Cai Xukun was only worth more than 2 million a while ago, and today it has risen to 18 million. Just casually ambushed a 5sol CAT and it has more than doubled. Let's take a look at the current altcoins.

AI's virtual aixbt

meme's neiro pnut

Eth ecosystem ethfi eigen

These leading coins currently have no profit effect. If this continues, buying altcoins is really not as good as buying high-heat on-chain assets.

You can play a bit on odin.fun on-chain, there are really plenty of opportunities to make money!

WBTC: From knowing to the highest point was about 120 times, from 500sats it pulled back to around 60, and has been consolidating at low levels to accumulate. I also bought a bit near 65 because I was bearish, and now the price is 175sats, more than doubled. This kind of play is really comfortable.

ODINDOG: has also begun to rebound, after all, it was the previous leading coin, and current gains are also several dozen points. Now many in the trading circle are posting on odin.fun, small funds can gamble for something even more comfortable than meme!



Dare to research new things, you'll find that it's actually quite easy to deal with, and there are also big opportunities early on with new things. This year, strive to achieve several hundred times returns on new things, a small investment for big gains. If you don't know how to play, I can teach you.

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#BTC重返11万 #非农就业数据来袭 #币安Alpha上新