Last night, a black swan event occurred in the global market! Trump’s unexpected announcement of new tax notifications during the US stock market closure triggered panic selling in the crypto market. Bitcoin experienced a dramatic plunge, dropping nearly 800 points within an hour, with a lowest dip to $107,245, creating a new low in nearly two weeks. As of early Asian trading, BTC is temporarily reported at $108,000, with both bulls and bears fiercely competing at this key psychological level.
In the last 24 hours, a total of 81,708 people worldwide were liquidated, with a total liquidation amount of $212 million, including long positions of $171 million and short positions of $40.9657 million.
In the article (Bitcoin skyrockets to 110,000, intensifying the bull-bear game! Can this week refresh the historical high? The Meme track is heating up again, this coin becomes a dark horse!) it was mentioned that above 109,500 is a bold shorting area, with a stop loss around 112,500. Short-term take profit at 108,000 and around 106,600, and long-term near 100,000. It has now reached the first take profit target, with a massive gain of 87.54%.
Recent trading ideas and directions have been publicly shared on the official account. If you checked the official account yesterday or asked me about the daily trading strategy, you should have also profited.
BTC Bitcoin conducted a standard test of the 107k~108k range, liquidating new long liquidity above 107k, and has not confirmed a drop below 107k. Currently, Bitcoin's four-hour bullish momentum is weak, while bearish momentum is relatively stronger, but there is no absolute strength or main momentum.
Operational Strategies
Short on a rebound: If the price rebounds to 108,500~108,900, short positions can be considered, targeting 106,300.
Buying at the low: If it stabilizes after a pullback to 106,300~107,000, you can try a small long position with a stop loss at 105,800.
ETH
Ethereum is showing a clear upward trend, having completed a support-resistance swap at 2495 and currently in a pullback. Since Ethereum has shown a clear upward trend since 2100, a small-level downward trend here from 2630 to around 2470 is your entry point.
Currently, the price continues to oscillate in the 2490-2560 range. It is recommended to adopt a high sell low buy strategy: short near the upper range and long near the lower range to capture wave profits, with strict stop losses!
Grayscale's mainstream coin comprehensive ETF suddenly faced a setback: After approval, it was urgently halted.
This unexpected event has had a significant impact on the cryptocurrency market. What is particularly concerning is that the unexpected withdrawal of Grayscale's comprehensive ETF, which is the first to face a deadline for approval, casts a heavy shadow on the upcoming approval results for ETFs like LTC, XRP, SOL, and DOGE in October. The market generally believes that this incident will greatly increase the uncertainty of the remaining ETF approvals.
SOL: The probability of approval is the highest, having already been approved for a futures ETF. All Wall Street giants have also submitted their ETF applications. In addition, it is a public chain and decentralized, so the probability of approval should be the highest.
DOGE: Completely decentralized DOGE, but the only disadvantage of Dogecoin is the approval of futures ETF, while BTC and ETH were first approved for futures ETF before the approval of spot ETF.
Currently, only SOL and XRP have been approved for futures ETF, so the probability of SOL passing ETF approval in October should be the highest.
Altcoin Layout
The safest strategy currently: wait for Bitcoin to break through before laying out small coins to catch up. Once Bitcoin ends its pullback and confirms a breakout, it is the best time to lay out small coins for catch-up. This strategy does not require precise market direction judgment; as long as Bitcoin breaks through key levels, you can short-term long strong small coins. For example, early Wednesday morning, after Bitcoin broke through, it surged, and we immediately prompted entry into PEPE and SUI, followed by the market rising as expected. Although there was about a 10% pullback last night, it also provided a better opportunity for low-position replenishment.
DINO
DINO previously rose a hundred times; we once made nearly 40% in a single day. Currently, I bought $4,000 to bet on a rebound from the oversold condition.
Bull market bottom hunting list: These altcoins are gaining momentum.
1️⃣ $PEPE
Elon Musk concept + Meme leader, a pullback is just a spring, reaching new highs is just a matter of time.
2️⃣ $NEIRO
New top flow in the ETH ecosystem, the successor to Pepe, it will rise with ETH's takeoff.
3️⃣ $BOME
The strongest Meme on the Solana chain, after a deep washout, the main force is ready with rocket fuel.
4️⃣ $SUI
Technical flow public chain king, $10 is just a small target; false breakouts + volume surges are classic tactics.
5️⃣ $FUN (3-month 8x dark horse)
GameFi sector deflation model, 20% of revenue for buyback and burn, but beware of historical strong resistance at $0.02!
Additionally, focus on quality projects that are undervalued and have market consensus:
AI concepts, RWA (real world assets), modular public chains, and other sectors, such as LDO, ARB, S, need to wait for clear buying signals before taking action.
Those at the top of the crypto world feast, while those below are bleeding! There will always be some bad or good news at every time period, so one can only say to follow the trend, market news, and fundamentals to reference, and work hard to improve one’s understanding. The future crypto world is really not just about holding to become rich!
