The biggest positive market news today comes from the expectation of 401K investing in cryptocurrencies, which is comparable in significance to spot ETFs and has more long-term implications: its nearly $9 trillion scale, even if 10% allocation, will reshape the BTC and ETH market capitalization system.
Although it is currently only a proposal from Trump (limited to compliant ETFs), the 401K
characteristic of long-term holding helps crypto assets evolve from high volatility to value storage tools.
At the same time, Trump's camp supports Waller as a potential popular candidate for Federal Reserve Chairman (Kalshi's win rate once reached 50%), and his four years of experience at the Federal Reserve may be key to policy shifts.
In the past 24 hours, a total of 113,875 people have been liquidated across the network, with a total liquidation amount of $390 million.
USD. Long positions liquidated $91.90 million, short positions liquidated $298 million.
BTC
Bitcoin liquidated nearly 3 days of new liquidity last night, but a large amount of short liquidity at high levels has still not been cleared. There is a liquidity vacuum area between the two liquidation zones. To continue the liquidation trend, there are only two paths: heavily buying spot to directly break through the fuel-deficient area; or oscillating back to wait for the vacuum area of short liquidity to fill up before rising. Currently, spot premiums are relatively high, making path 1 more likely.
BTC reached the lower bound of the 116411-119200 range at 117591, with a spike down to 115555 overnight, reaching the upper bound of the 112000-116411 range, and is currently consolidating at 116900.
Today's focus: support levels 115000, 112000; resistance level 119200; current key point 116411. Pay close attention to whether there is a retracement confirmation signal today!
ETH
Ethereum is currently approaching a high liquidation zone. If it continues to rise and triggers a short liquidation trend, then 4000 could be broken!
ETH spiked to 3778, barely touching the key level of 3780, currently consolidating at the support level of 3892.
Today's focus: support levels 3725, 3605; resistance level 4100; current key points 3892, 3785. Consider entering after a second confirmation signal!
Operation suggestion: Spot strategy remains the same as yesterday. If the monthly level retracement continues to shuffle, pay attention to whether there are opportunities for a deep squat between the 13th and 18th. Quality altcoins that drop to the previous year's low neckline can be considered for building a bottom position!
Altcoin
PENDLE, it’s not that easy to just hit 20 points!
PENGU, also reaped a profit of over 151% increase.
This week's altcoin market capitalization ratio has not seen a significant pullback and has instead returned to a high level under the influence of ETH. It seems that the window period for altcoins still exists!
There is still more than a month until the interest rate cut. I hope that in this month, we can see a wave of altcoin market! The narrative after the interest rate cut is currently unpredictable, whether it will be trading easing or trading recession, but it is still possible to see a wave of rate cut expectations before the cut!
On-chain
Pump brings good news, old coins recover from declines, only $MASK, $TOKABU, $HOUSE are performing notably.
$HOUSE: Target 45M, focus on 4-hour fluctuations.
$MASK: Wash trading is evident, 4-hour trend is good, continue with swing trading.
$TOKABU: Two strategies - 30-day moving average swing, or wait for accelerated collapse before focusing.
$TROLL: Target 70M, potential rebounds along the way, unlikely to achieve quickly in the short term.
$URANUS: Need to wait for a high cost-performance entry point.
$GOR: Poor performance, 20M swing trading.
$BOSS: Continue to monitor, can operate once later.
$BUCKY: Expecting 10M, observing for opportunities.
$NYLA BONK: Highlights among old coins, worth looking forward to.
Recent project focus:
ellipsis_labs: Observing subsequent developments.
gaib_ai: You can participate in the lottery.
ChainOpera_AI: Performance is acceptable, continue to monitor.
