Bitcoin remains strong, with BTC focusing on the false breakdown trend line in the ultra-short term, with liquidity concentrated above 110530, and the upper line around 112000. Pay attention to volatility on Monday! Last Saturday, Sweet Dream mentioned in the article (Trump's new tariffs announced! Whales dump 8 billion! Bitcoin will have significant fluctuations next week! FUN is the next TRB!) that 'currently BTC at a small level is also showing an ascending wedge, which can be understood as a bearish continuation pattern. The short-term level is in a rebound phase, and one can first pay attention to the resistance near the middle band. Currently, it has made a profit of 46% and plans to hold until it exceeds 110,000 before taking profits.
Bitcoin is frequently facing bearish news, why hasn’t it crashed?
(1) The big beautiful bill passed by Trump, and on Monday, the list of countries with 70% high tariffs will be announced, constantly reciting useless incantations to Powell; the family’s WLFI has also begun issuing tokens.
(2) Musk announced the establishment of the American Party, diverting funds from US stocks onto the blockchain.
(3) A massive movement of 80,000 bitcoins from ancient whales, causing a drop in the market.
(4) The account risk control of OKX was frozen, causing widespread panic.
Why hasn’t Bitcoin dropped significantly despite the bearish signals? Is it a trap for short-sellers or long-sellers?
BTC
Bitcoin has two consecutive weekly green candles, closing with a small bullish candle with a lower shadow. The MACD bullish momentum continues to shrink, and the KDJ lines are converging. The daily candle closed with a medium bullish candle with equal-length shadows, the MACD bullish momentum is shrinking, but the KDJ lines are about to converge and form a golden cross upwards. On the 4-hour level, the Bollinger Bands are continuously narrowing, with the last candle testing the upper band resistance before pulling back, and both the upper and middle bands are opening downwards.
Strategy: Both short and long positions have opportunities. Bitcoin has an intraday support at 108500; if it doesn’t break, bulls still have the advantage. Do not go long near 110000; the upper resistance is at 109700 and 110500. Short positions can be taken around here. Those who have shorted at 108500 or 109500 can continue to hold with targets at 108000, 107000, and 105000.
Ethereum
Ethereum has now returned to the previous upward channel, with 2510 as the observation point. If it maintains above 2510, it can continue to look bullish. A drop below could turn bearish, with resistance at 2600 and 2650. The targets below are 2550, 2500, and 2450.
Shitcoin
Last night, HIFI, BMT, and CHESS crashed, leading to many liquidations. Without discussing which platform was at fault, we should first reflect on ourselves; these platforms should not be used, and contracts should not be played, especially with small coins.
Shitcoins are crashing more frequently this year; it used to happen only on-chain, but now it's common on CEX. The project teams are increasingly vague about their excuses for running away. The shitcoin season hasn’t come yet; what has come is the shitcoin sacrifice. As US stocks go on-chain, the space for shitcoins will only get smaller, and liquidity will only worsen. Don't hold on to shitcoins sentimentally, just be a casual player.
$MYX
MYX first crashed by half, then pulled back to the previous high. Among all the projects that plunged, this is the only one that recovered in the shortest time. If MYX falls below 0.1135, a short position can be taken. If it fails to break the resistance at 0.135, it is likely to go down afterward. Take profit around 0.096. Those with a strong stomach can consider around 0.085.
These coins should not be touched!
This week, tokens like CHEEL, APT, and IMX will see large amounts of token unlocks, with a total value of about $218 million. The tokens with unlock values exceeding $1 million are shown in the table below:
Currently, it is indeed better not to touch tokens with large unlocks, as the market liquidity is depleted, supply is increasing without a corresponding rise in demand, leading only to declines. Staying away from large unlock tokens will at least prevent pitfalls; choosing platform tokens, fully circulated tokens, and public chain tokens will be relatively safer, allowing for steady gains from the bull market trend.
BONK
The breakout at the end of the triangle convergence has indicated that if we use Fibonacci retracement to measure the opening of the convergence from high to low; the first breakout of the convergence indicates that after reaching a new high, the price touches the 3 Fib position. After reaching a historical high, BONK has also formed a descending triangle convergence, with false breakouts and support at the base. Similarly, it has now reached the end of the convergence and has broken out.
If measured in the same way, the target price for BONK is: 3Fib=0.0092, BONK may have a 400x increase.
On-chain
Last week, Sweet Dream said to focus on the BONK and JUP platforms in the recent on-chain activities. This week, BONK surged. The trading volume of BONK today exceeded the recent releases of golden dogs, all of which are BONK. Over the weekend, let's bonk, etc., have seen significant rises. Future focus can be on BONK-related platforms.
BlueChip: It has been on the BONK platform for a long time, with good heat and narrative. Many people mentioned it a few days ago and need to be washed. Currently, it has emerged as a value-for-money option as many weak hands have exited, and it should rise again. Because today, the BONK ecosystem is still strong, driven by ussless. Once ussless comes down, this round of speculation will end. Pay attention to the leaders.
NYLA: The fundamentals of the NYLA project are very good. The AI of the BONK platform, as one of the earliest launched and most complete transfer + exchange solutions, has already integrated X and TG, and users are continuously pouring in, with the ecosystem expanding rapidly.
Currently, NYLA is at the zero axis on the daily chart, with no acceleration, and is in the same category as useless and hosico. The 5m is underestimated. Once the flywheel starts, the first to enter the flow will be NYLA.