Congratulations on the precise operation last night, profits secured!
Last night, the $Moodeng layout was perfect, waking up to lock in a rise of more than a dozen points, peaking at 277.02%, another three-fold coin in hand! Some small coins that have been recently laid out are also starting to rise steadily, and the market is quietly heating up!
Some recent small coin layouts are also starting to steadily and unknowingly rise! Last night, a total of 126,887 people were liquidated, with a total liquidation amount of $454 million. Among them, Ethereum accounted for $190 million, and those who recently shorted ETH have become fuel.
BTC
The support levels for Bitcoin to pay attention to are $109,500, $112,000, and $116,411, with no obvious resistance levels at present. The key points right now are $119,200 and $116,411, with $116,411 tested yesterday.
Today, with the warming of the altcoin market, if Bitcoin can maintain high-level fluctuations, that is a relatively good trend, and there are relatively few trading opportunities.
ETH
The support levels for Ethereum to pay attention to are $3,068, $2,878, and $2,746, with no obvious resistance levels at present. As mentioned in yesterday's article, the upward potential could reach $3,300, and it has indeed arrived. Clearly, Ethereum broke through with volume from BTC trading yesterday, leading the market's rise in recent days, and many altcoins have started to become active.
Today's key levels are $3,068, $3,185, and $3,354, and it is recommended to patiently wait for market signals before taking action.
Operation Review and Suggestions
SOL: Longed at the current price of $167 last night, successfully profiting. It is advised to keep the base position and observe the subsequent room for increase.
Positioning Strategy: For investors who already have chips, it is recommended to hold steady and set protective take-profit orders for continued speculation; for investors without positions, focus on newly emerging upward trends and relatively stagnant altcoins, selecting 1-2 for allocation.
Market Analysis and Reasons
This wave of the market may have several reasons: Ethereum broke through key levels due to macro or technical positives (such as ETF approvals, L2 activity, large capital inflows), triggering short-seller liquidations; the market is bearish, with high leverage short positions, and prices rising against the trend easily lead to chain liquidations; when shorts are liquidated, they are forced to buy back, further pushing up prices, creating a cycle where the more it rises, the more liquidations occur.
It is no exaggeration to say that Ethereum is currently forcibly extending the life of altcoins.
Ethereum will definitely face pressure when it rises to around $3,500, but remember, it is very suitable for long-term holding, and those who bought around $2,000 should cherish it. Although there is upward pressure, it is also difficult to fall. At this stage, if someone asks you to liquidate, go short, or short-sell, you must be particularly cautious.
Market Trends and Recommendations
The current market has not yet ended and is expected to last at least until the end of the month. Some quality altcoins have doubled or even tripled from the bottom, but the market will not see 'all coins flying together.' Except for a few strong altcoins, most coins cannot outperform Ethereum and have poorer stability.
1. Trading Strategy: Use market rises to find exit opportunities, especially for altcoins, and do not blindly chase higher prices.
2. Risk Reminder: Stay rational, altcoins are highly volatile, pay attention to protecting profits, and be cautious when adding positions.
The on-chain market has been very good these days, and everyone can return to look for quality targets on-chain, prohibiting PVP, because you simply can't win PVP. Analyzing several coins:
PEPE: After consolidating, it is challenging to break the shoulder line, with high points possibly referring to performance during Robinhood (similar to DOGE). Currently in wave 5-1, followed by a wave 5-2 pullback (Bitcoin needs to pull back in its 100-day cycle), then a violent increase in wave 5-3 (possibly related to interest rate cuts), expected to return to the $10 billion+ market cap peak.
Loop: The only narrative in Korean, favored by bonkguy, can be bought at 1.9 million or more. The daily chart shows a second wave, rising in a large channel, starting from 2 million and moving in wave 3, targeting 10 million, possibly reaching in the next few days.
SBET: The first coin linked to ETH meme coins and US stocks (analogous to the Hong Kong stock Bubble Mart and SOL's Labubu), with a market cap of $10 million, sufficiently washed out, in the early stage, and optimistic for the long term. Logic: If US stock SharpLink Gaming is hot, then it is hot, and it is expected to become the next Labubu.
WIF: The trend is in a large sawtooth shape, with wave B completed, currently in wave C3 impacting, with a target of $67-100 (based on Fibonacci extensions, etc.), or it may explode, yielding at least a 57x return, which needs to be firmly held.
