The biggest event today is the ancient whales selling Bitcoin, with some being sold through exchanges, causing a temporary drop in Bitcoin's price, hitting a low of around $114,600. In the past 24 hours, Galaxy Digital has sold over 80,000 Bitcoins for this investor from the Satoshi era, valued at over $9 billion.
However, after the meeting between Trump and Powell, their relationship has eased; Trump didn't criticize Powell further and said they reached some consensus, with good progress in tariff negotiations except for geese and us, as well as with the EU. This hasn’t changed the overall market environment; U.S. stocks have seen slight increases both pre-market and after hours, with no systemic risk observed for now.
That night, a total of 90,835 people were liquidated in the market, with a total liquidation amount of $271 million.
Long positions faced a liquidation of $135 million, while short positions faced a liquidation of $136 million. As of today’s close, BTC has returned to the consolidation range with huge trading volume, indicating that short-term bulls and the uncertain ones have essentially been shaken out, marking the start of a new bullish trend.
I started going long this morning, and Bitcoin's price has risen back above $117,000. The URPD gap will always be filled. The drop on Friday has already filled the gap at $114,000, and there is still a gap at $112,000 that hasn't been filled.
Although it’s uncertain when the gap will be filled, it doesn’t mean Bitcoin will drop immediately. As I have always said, the URPD gap will eventually be filled; it will never be absent. (Additionally, the CME gap has not been filled yet.)
Altcoins in the crypto space are all about exchanging for more valuable tokens.
For example, BTC, ET, SOL. Why do the founders of these projects lack confidence in their tokens? Because they know their tokens lack broad consensus and real value, and are merely 'air coins.'
Starting from Monday this week, apart from a small stop loss on a real-time long position (SOL or DOGE), all other strategies have taken profits, with a success rate of up to 80%. Given the intense fluctuations at high levels this week, this performance is already impressive!
Today's market analysis:
The deeper the intraday drop, the more one should pay attention to long opportunities. The main tone for weekend operations is that both longs and shorts can be taken; short during rallies and long during deep pullbacks, be bold in your actions.
BTC
Bitcoin's rally focuses on 120500, 123000; for pullbacks, watch if 115000 breaks, and immediately look for long opportunities after a break, keeping a close eye on the strength around 116411, while also watching 119200.
ETH
Ethereum's rally focuses on the range of 3840-3860, keeping an eye on opportunities for a volume drop above 3750; for pullbacks, watch 3525, 3486.
Key operation: Control your position well and be bold in your actions; take profits when needed and cut losses decisively, without hesitation. Act when the time is right, and don’t make random moves when there’s no opportunity.
Why is this round of altcoin season worth paying attention to?
The current market has both opportunities and risks; pay attention to these points:
1. Watch strong sectors: Ethereum and its ecosystem projects have performed well recently and may continue to attract funds.
2. Don't blindly chase highs: Short-term market volatility may increase; buying during a dip is more stable than buying after a rise.
3. Adjust the coins in hand: If there are long-term stagnant altcoins, consider swapping them for more promising ones.
Bitcoin's pullback hasn't affected Ethereum; instead, it has directed funds more clearly towards altcoins with real ecological support. If this situation continues, the true altcoin market may have just begun. It's time to reassess the market and pay more attention to projects with long-term value.
