Bitcoin and Ethereum started to decline slightly again this morning, and altcoins also fell broadly. We seize the opportunity of the dip to bottom-fish and meet the demand for a rebound market. We need to buy when no one cares and sell when the market is bustling! The wash and repair time will not be too long; just wait patiently for Bitcoin and Ethereum to reach the right level, and Sweet Dream will help everyone bottom-fish.
BTC
BTC has fallen as expected, without any strong rebound, it has broken the trend line and is now accelerating downward. The key support position has not been reached, so I will not choose to go long for now. The support points for Bitcoin going further down are 113450/113333, and 112000 (if it breaks, it can drop to 111850/111555). This is the resistance area for bulls; as long as the bears cannot break it down in one move, it can easily bounce back to 115000-117000.
So in the short term, you cannot chase shorts here; although an M-top structure has formed, we are just waiting for the right-side low to come out. Once this low appears, it will be the starting point for the next wave of rise.
If BTC does not break through the 113300-110000 range, that will be the bottom. If I'm not mistaken, there will be a significant bounce late tomorrow night. Buy in the red box area, that is, at the previous low of 111900-112700.
ETH
Yesterday, Ethereum ETF outflows approached 200 million USD, and the panic from last Friday's decline is still ongoing, waiting for cheap buying opportunities. However, the rebounds after each ETH drop indicate that there is still institutional buying support in the market, so there hasn't been a rapid collapse.
Today's wave broke 4200, with the low expected in the range of 4172-4080. Within this range, 4150-4112 is a strong support, and 4072 is a barrier above 4k, which are all good low buying points. As long as the bulls resist a bit, it can directly rebound above 4336.
If the price can hold above: 4192.35 and rebound, target locations: 4273.105, 4313.4825.
If the price drops below: 4192.35, look to short, target: 4071.15-3950 support area!
ETH's weekly chart is still in an upward trend, and the long-term bull market has not been damaged. Deep drops can be the time to accumulate spot purchases. Currently, strong support for ETH is at 3900, and Sweet Dream will bottom out in the 4172-4080 range, to see if it will take a strong or weak path. The volatility range may be quite large, so it can only be based on BTC.
ETH MicroStrategy chairman calls for ETH!
I heard a saying that Tom Lee and Cathie Wood's calls for ETH are setting traps for retail investors to buy in. This is a completely wrong view. For large players like Tom Lee and Cathie Wood, they do not care about the small amounts from retail investors. Don't compare them with the conspiracy groups that issue shit coins.
For large players like them, they can only retreat once the entire industry cake gets larger, allowing more small and medium institutions and more government funds to enter. Don't think of their actions from the perspective of small retail investors. We can buy today and sell immediately for a 30% gain; the market liquidity allows us to enter and exit freely, but they cannot.
Tom Lee's entry essentially means we are on the same boat, together raising the entire crypto market. We rise together. Only then can there be talk of retreat.
SOL
SOL has entered a daily level correction. The upward rebound pressure to watch is initially at 182. If this pressure can be broken, then look at the range of 185-187. If the market wants to make a second high, it must break through this pressure range. If the rebound does not break this pressure range, the market will look for a correction. The target support below is 173-170, with a defense at 165.
Altcoin hotspots
(1) Plume just listed on Binance
Plume is working on RWA public chains and is closely related to Trump's USD1, which has a topic property worth noting.
(2) Airdrop opportunities for stablecoin public chains
Many VCs are visibly pouring money into this sector now, the heat is somewhat similar to the previous L2 and ZK concept explosion. Those looking to take advantage can focus on a wave of investment; this kind of sector where institutions cluster together often hides many opportunities.
API3
Perseverance will reveal the bright moon. API3 has logged into Upbit. Even in this trash market, encountering an API3 is considered a stroke of luck! The strong will always remain strong! When Bitcoin and ETH are in a downward waterfall, only API3 bravely goes up! Remember to take profits.
Currently, altcoins still have room for correction, but the extent will not be too large. There are still opportunities, but patience is required. In this round of the bull market: enter three, exit two; enter four, exit three. If profits are not taken in time, you may lose both capital and profits immediately. If bottom-fishing is not timely, you will find yourself buying at the peak.
Why haven't many people made money in this bull market? The reason lies here.
We are still in the bull market process, and the entire financial market is still abundant with liquidity. Even the A-shares have reached new highs; crypto is far from the top stage.
Our strategy in this bull market: continuously swing trade, withdraw if it doesn't rise, buy boldly when it drops to the right level, take profits in batches, accumulate in batches, and wait for the next wave to come.
Bottom-fishing list: DOGE, XRP, LTC, AAVE, SUI, PEPE, LINK, MAGIC
We enter the crypto space to seize the trend. We are not here to earn a salary, but to make money. The trend is right in front of you. If you don't seize it now, you may have to wait another 2 years!
