Bitcoin is consolidating at high levels, fluctuating in the 116400-1108800 range, while Ethereum and shanzhai are both madly catching up! Yesterday, Sweet Dream mentioned in the article (Bitcoin washing positions! Will it break new highs next week? Ethereum skyrocketing, shanzhai significantly catching up, is the next explosive rise this one?) that the lower positions for Bitcoin at 117000/116300/115200 are suitable for low-long positions. Sweet Dream opened a long at 106988, making a profit of 159%. The Ethereum long position is still held at 4597.75 U, so be sure to take profits when exiting and look for new opportunities to open positions.
BTC
The weekly structure of Bitcoin is still bullish. Whether it goes up directly or has a slight pullback, the bullish target remains unchanged at 130600. As long as it does not effectively break below 115000, the bullish structure will not be destroyed, and further rises will continue.
This week, Bitcoin will still fluctuate around the 115-125 range, with resistance still at the 122-125 range. A short position is fine, with potential daily support at the 112000-115000 range, which is also a daily FVG. Prices at this level can be considered for long positions.
Range: BTC only needs to place orders at 117450, 116850/106666, 116350, 115750, waiting for opportunities. Each point is 6% * 50 times, and even if all points are hit, the average price will easily profit over 1,000 points, because the take-profit for low positions above 115000 is between 117850-118800-119600.
ETH
ETH has had 4 consecutive weekly gains and 8 consecutive daily gains, with bulls strongly pushing up, approaching 3800 again. Currently, chasing the high carries significant risk due to limited upside space, while the downside correction space is not small. If you are eager to enter, consider a small position in the slight pullback range of 3,680 to 3,700 dollars.
Many fans are asking if ETH still has a chance for a significant correction? Can we still go long?
Better opportunities might be in the 3,600 to 3,640 dollars range (where the 618 retracement level and the 4-hour gap overlap), or even at 3,470 dollars (where you can increase your position to 60-70%). If the price deeply corrects to 2,900 dollars, although the probability is low, it is still an excellent entry point.
SOL
SOL's moving averages are definitely in a bullish arrangement, with short-term bulls going crazy, consecutive large bullish candles, and funds pouring in madly, this wave of market is about to take off!
At the daily level, a double bottom pattern is forming, with the neck line at the 185-188 range. If the daily level closes above 188, then SOL's bullish targets are 220, 240, and the final target is in the 260-280 range (previous highs).
Last week it was Ethereum, and this week it's SOL, which has a need for catch-up. Sweet Dream has been holding onto the SOL148 long position, planning to hold it until above 200. Has anyone followed Sweet Dream's layout? Support level: 185 - 186 Resistance: 190 - 192.
Shanzhai
Last night, Ethereum continued to lead the entire shanzhai market in celebration. Last night, Sweet Dream advised everyone to position themselves in Dogecoin and PENGU, PEPE. Previously, Sweet Dream had already suggested these three coins, and they have gone crazy again.
(1) PENGU
PENGU0.03 made a huge profit during this wave. The amazing part is that while everyone was bearish, I insisted on bottoming out; there was no resistance at the top, and I don't know how high it could go!
PENGU has only increased by 26% so far, and there is still distance to distribution. Looking at the K-line, there are no signs of distribution at all, and it may go towards the 0.04 integer level, so I will hold on for now. However, a risk factor to note is that the current trend of the penguin is quite highly correlated with ETH, and if the overall market is not good, it will be hard for the penguin to have an independent trend like before.
(2) Dogecoin
DOGE Daily level: Dogecoin is forming a daily double bottom pattern and has now closed above the 0.253 neck line. The upper resistance level is also a bullish target with two levels at 0.34 and 0.43. The second target is temporarily a bit difficult, so let's look at the first resistance at 0.34 for now.
(3) PEPE
PEPE's rise and fall are basically synchronized with Ethereum. When Ethereum is sprinting towards 4000 dollars, PEPE will also rise. If Ethereum continues to rise, PEPE is also very likely to catch up or even exceed its historical high!
PEPE is currently expected to exit at 0.15 and 0.16. As of yesterday, the three crazy animal coins that everyone entered during the shanzhai season have all risen by over 10%+, allowing for half to be taken as profit while holding the others for now.
The shanzhai season index has reached 53! The shanzhai season is about to or has already entered the main rising wave stage. Those without shanzhai coins should hurry to grab a position for a wave at the end, and I will recommend a few coins with explosive potential at the end.
KERNEL: The completely undervalued variety has a market value of only over 30 million. After going online, the main force has been consolidating and washing the positions. There are K-line patterns indicating that the main force has almost finished washing, and the washing is nearing its end, so it could explode at any moment! I bought 100,000 U and am waiting for a significant increase in the medium term! Moreover, the project team has been working on a staking pool, locking in a large amount of chips!
BNB: From the weekly level, the K-line has risen for 5 consecutive days, showing a bullish arrangement, with volume increasing simultaneously. Its MACD indicator has crossed back above the zero axis, and the trend is continuously strengthening. BNB is expected to challenge the 800 mark next and set a new historical high. Spot positions can continue to be held for growth.
BLUR: The rise in ETH prices seems to have awakened the NFT market, with Ethereum's NFT trading volume exceeding 75 million dollars in the past week, a 300% increase from two weeks ago. The recovery of NFTs is definitely beneficial for BLUR, with trading volume improving, and platform revenue is expected to break new records.
$DMC: A Web3 project backed by real-world assets (RWA) + brand IP empowerment. The market value of $DMC is only over 10 million dollars, and since going online, the price has already seen a significant correction. Daily trading volume has even exceeded its market value at one point — this indicates that market activity is still present, and funds have not completely exited, possibly waiting for an explosion point!
BONK, EIGEN, ETHFI: Removing the seed label is definitely a positive sign! Simply put, the seed label is somewhat similar to ST stocks, with risk warnings + delisting risks! Removing the label means that Binance believes the token's risk is quite low, and stability is enhanced. Looking at previous cases like ENA and ZEC, there is usually a small rally.
