Yesterday, Bitcoin and Ethereum tested the levels again, dipping into the buying zone I provided, touching support and then starting a slight rebound. As the price recovers, it announces the end of the bottoming process. This indicates that a bottoming market will come, so we wait for the bottoming pattern to complete before continuing to bottom fish. Sweet Dream bottomed out ETH around 4100 yesterday, making a profit of 505%. This wave can take profits first; there should be another bottom.
BTC
After Bitcoin fell to around 112,000, it rebounded. Currently, it is under pressure from EMA21, and the rebound magnitude and volume are both relatively small, indicating that the buying power at this position may not be that strong.
Currently, the overall 4-hour structure is bearish, but it can go both ways here. It faces resistance at 114500; if it cannot break through, it will continue to test the 112 position. After breaking through, there will be a rebound testing the resistance at 1167.
1) Continue to implement the 'short long and long short' strategy, long positions can only be taken below 112 (short long).
2) The previous high position of 110500-112000 is a key support. It must hold to rebound; if it breaks, the downtrend will expand, and we will see BTC below 100,000.
3) The important pressure area for the 4-hour wave is above 118. If the price reaches this level, you can lay out long positions.
ETH
ETH started to rise after the second test, with small levels beginning to show bullish arrangement. The daily line has a bullish engulfing. Currently, Ethereum is under pressure from both the horizontal resistance and trend line, and a pullback structure is forming.
ETH failed to break through for the first time; those who didn’t enter at the low shouldn’t chase. The pullback to the 4160-4070 range is another good opportunity to go long, and then we expect a breakthrough of the small high point to complete the recovery of the upward trend.
The number of non-zero addresses on Ethereum has recently hit a new historical high, indicating that many retail investors have been bottom-fishing ETH. While they can’t afford 1 BTC, they can still buy 1 ETH, and I believe most people can manage that.
High cost-performance positions are all market-driven. Opportunities are not something you strive for; trading opportunities are always provided by the market. You just need to understand and seize them. This is like playing DZ; the size of your hand is not the key; the key is that everyone has cards, and yours is bigger. Then use a series of skills to obtain value. Skills are secondary; the important thing is to wait for opportunities.
Altcoin
Altcoins are rallying alongside ETH's rebound, with certainty in buying the dip for ETH, LINK, AAVE, UNI, ENA, SOL, etc. In fact, there aren’t many quality targets, but these can be the focus. If ETH finishes rising, market attention will return to SOL, and there will be demand for catch-up.
The season of flourishing altcoins will definitely come. The potential increase may not be as dramatic as before, but if there is no altcoin season in the future and the entire cryptocurrency circle is only institutions speculating, then users in the crypto space will only see outflows, not inflows. BTC belongs to the world, only altcoins belong to retail investors. Every country needs retail investors. Upholding the mentality of letting you eat well while continuously working for top-tier capital will also lead to an altcoin season.
OKB
Sweet Dream bought OKB just over 100, now at 190. The increase isn’t huge, but it’s rare to find opportunities that can turn a few hundred into millions within a few months. Waiting for a pullback in OKB to add more to the position. In eight days, there is a 90% profit margin. Just yesterday, at a price below 130, I was still emphasizing in every group that 'OKB can still rise, and it will rise.' Even that was at entry, and there’s still a 50% profit.
Recently, the OK chain is very hot, everyone is playing dogs, a bit like the previous SOL and BNB, which is worth paying attention to. However, only take out one-tenth of OKB to play (most good moves happen at midnight), small bets are advisable, and do not use valuable coins to bet on low-quality coins.
ATA: ATA experiences explosive growth every six months, and there are signs of institutional accumulation recently! It may soon launch a doubling lottery market, the MA rate has flattened out, so you can look for a position to ambush! First look at 0.07, break 0.07 to see the trend towards 0.15! CTSI doubled a few days ago, ATA has always moved in sync with it, and the timelines are consistent. PHA and ATA are both good.
GT: Recently, the popularity of platform tokens has surged, GT can be laid out with a light position. GT has been continuously burned, which makes the circulating supply less and less, naturally increasing the asset value for those holding GT. Now laying out $GT is not like buying a lottery ticket, but rather a 'long-term pass.' With it, you can participate in more games and gain more rights. Wait for the next burn; it may bring you a big surprise.
DOGSHIT: OK Chain dividend promotion, with tax, dividends every 10 minutes. Holding more than 5.25 million will get dividends, play small. The dog farm directly adds to the pool + locks the pool, very stable. Fair + safe, liquidity is locked, no one can run away.
Opportunities are fleeting! Don’t let hesitation hold back your wealth dreams, and don’t let the traps of air coins swallow your principal! I will lead everyone to aim for the wealth opportunities in altcoins, expecting a space of more than 10 times is not a problem.
