Yesterday, Trump announced that cryptocurrency will be included in the 401k retirement plan, causing a significant market rebound. Currently, the daily line has recaptured the EMA 20-day line around $115,000. Hai Mian mentioned in yesterday's article that the small-scale structure of Bitcoin and Ethereum shows positive signals, forming a clear ascending channel. Last Sunday, Hai Mian bought the dip on Bitcoin at $112,100 and Ethereum at $3,386, and has been holding them. Fans who followed Hai Mian's strategy to buy the dip on Sunday have undoubtedly made significant profits.
BTC
Bitcoin has strongly broken through, surpassing the previous high transaction area and the 4-hour rapid gap, temporarily escaping risk. However, to completely escape danger, the price still needs to break above $118,900.
Currently, Bitcoin is encountering resistance and correcting, oscillating in a consolidation range. Therefore, chasing the price is not recommended. If you don't have a long position, you might wait for a pullback to the support zone of $115,600-$116,000 before considering entry.
1) On the 4-hour chart, the breakout at $116,000 has formed a double bottom pattern, with a theoretical target of $119,500.
2) In the short term, the upper resistance is in the range of $117,700-$118,900, where there is dual pressure from the 4-hour chart and trendlines, presenting a potential short opportunity in the near term.
ETH
Ethereum has performed as expected, stimulated by multiple favorable factors. ETH rebounded from $3,350 to $3,900 in just 5 days, breaking through the upper resistance of the 4-hour Bollinger Band. It is now close to $4,000, just a step away from the target.
Currently encountering resistance again, if it stabilizes above $3,660 in the short term, there is hope for a breakthrough at $4,000. Once it stabilizes at $3,800, the next big wave may range between $3,800-$4,880, providing about 1,000 points of space. In the short term, if the price enters the range of $3,968-$4,068, it may experience slight oscillation before accelerating upwards.
What everyone needs to pay attention to is whether the current formation is a right shoulder or a three-wave upward pullback. If Ethereum does not experience a deep correction, the weekend may present opportunities for altcoins. It's important to lay out positions early and manage risk. Opportunities are fleeting, so don't miss out!
Reason for the surge
1. Yesterday, Trump announced that U.S. pensions could invest in the cryptocurrency market!
2. Major U.S. companies are aggressively increasing their positions in ETH and BTC, accelerating the influx of funds!
3. The U.S. is expected to lower interest rates in September due to poor labor data, with a 90% chance of a cut.
With these three major favorable factors converging, the cryptocurrency market will welcome a continuous influx of funds, and the crazy bull market is unstoppable. The significant rise in September is practically a certainty! Friends who haven't gotten in yet, seize the opportunity, don't miss out!
Altcoin
Ethereum surged to $3,900, and altcoins are also starting to stir. Some coins have already begun to rally, with increases ranging from 30% to 80%. Both Bitcoin and Ethereum have risen significantly, and after a pullback, they are starting to rally again. Altcoins won't miss this opportunity, whether to break even or to profit more, they will follow the rise. If Ethereum continues to rise, altcoins will generally follow with at least a 10% increase. Hai Mian has already publicly recommended 4-5 altcoins in the past few days; don't miss the opportunity!
(1) $tree
Directly enter long at 0.407, making a huge profit of 277.32%, with a single large bullish candle. Fans who followed should take profits in batches or set a stop-loss.
(2) A2Z
A2Z was primarily positioned at low points, with an overnight increase of over 100%, achieving a double coin. Hai Mian opened a 20x position, making a massive profit of 1033%! Just need to invest a few hundred USD to earn several thousand dollars—it's a stable operation.
(3) DOT
Yesterday, Hai Mian promptly reminded about DOT hitting an oversold signal, which can be closely monitored. After the previous few oversold signals, there have been profitable rebounds. Hai Mian opened a long position at 3.687, earning 440%!
(4) TOWNS
This morning, Hai Mian reminded to buy TOWNS on the pullback at 3,155, which came as expected, resulting in a profit of 247%. BTC is strong; it may appear tough, but it will continue to rise.
(5) PENGU
PENGU is the altcoin that Hai Mian is most optimistic about recently. It was positioned at 0.035 on Monday, resulting in a massive profit of 398%! You can hold it a bit longer and aim to sell above 0.40 for profit.
The operational difficulty in the current bull market is far greater than before. In the past, you just needed to hold on, and altcoins would easily triple or quintuple in value—just lying down you could win. But in today's bull market, while many currencies are rising, you find it hard to make money. You earn a bit, but it gets swallowed back by a correction, and you're forced to stop-loss.
In this bull market, my strategy is no longer to hold on without selling, but to keep trading in waves. No longer fixating on one or two targets, but taking profits when possible and waiting for pullbacks to re-enter. In a word, it's 'survive'. I watch the market every day, assessing price levels and position allocations. It's not about making every cent, but aiming for steady profits.
