Surge! Surge! Powell's speech overnight revealed a dovish tone, and the U.S. stock market celebrated a wild rebound linked to the crypto market. BTC suddenly surged back to around the 30-day moving average of 116.7k overnight. ETH took the opportunity to rebound to the previous high of 2021 and slightly exceeded it, setting a new historical high of 4887 dollars. Recently, Sweet Dream has been emphasizing bottom fishing in articles, and this drop is the best and most certain opportunity, consistently advising fans to buy Bitcoin around 111600-12000. Ethereum should be bottomed at around 4060-4200, and fans who followed Sweet Dream to bottom fish this time have indeed made a fortune.
BTC
Yesterday I analyzed that Bitcoin would show direction last night. BTC dipped to 11.16k as expected and then surged 5500 points. In the short term, it encountered resistance at 11.73k and made a slight pullback. BTC 117300 is the resistance and the starting point of this downtrend; Bitcoin must break through 117300 to rise. However, Sweet Dream seems to view the current situation as a technical pullback, so don't panic; pullbacks are opportunities, and profits can be locked in gradually.
Currently, BTC has a demand for a pullback in the short term. Recently, I do not recommend shorting. Since the direction is upward, it is better to continue breaking through upwards. I recommend buying on pullbacks. Buy near 115100, enter at 114888-113888 for replenishing, and limit losses. Only by breaking through 11.73k will the market be very optimistic.
ETH
ETH surged 15% overnight, with Sweet Dream's cost at 4200+, and it went straight to a new high yesterday! Currently, ETH has rebounded from oversold to overbought, and the stage cycle is almost complete. I don't chase highs; I'll patiently wait for the price to pull back, preferably in the support zone with oversold signals to buy again.
Recently, during the big drop, many people said ETH would go to 3800, some said 3500, and others said 2500. I don't know how these points came about, but they are clearly wrong.
The extreme point I provided before was 3900, later corrected to major support at 4060, with minor support at 4262. According to this point, buying during the pullback has been right on the money.
Currently, the short sellers of ETH at 5000-5800 have a survival rate of basically less than 10%! The main force is pulling up in a large-scale isolated manner, and the cost of chips is very high, so the purpose is clear: to drive all short sellers to extinction! Follow the trend, ETH will be great again, and the short sellers are the ones paying for this feast, not the ones chasing highs!
Buy on dips: 4626-4612 as the first echelon, 4572-4555 as the second echelon for replenishing, and 4550-4508 as a solid defense line. The new high point above 4888 is 4966.
Altcoins
Ethereum surged to 4900, and altcoins also rebounded sharply after being oversold. Throughout this downturn, Sweet Dream has been firmly advising everyone to bottom fish quality altcoins: DOGE, XRP, LTC, AAVE, SUI, PEPE, LINK, MAGIC, all of which surged. Sweet Dream mainly focused on PEPE and AAVE, making a fortune from this bottom fishing.
I missed the first round of the rising market last night; don't miss the opportunity for altcoin fluctuations this weekend. Look for lagging altcoins that haven't risen yet to ambush.
$NIL: The tokens in the FHE track have been doubling recently. I recommend a token in the same track that hasn't surged much from the bottom, $NIL, currently priced around 0.31. Stop loss at 0.26, and it's a new coin with a market cap of around 60 million. Manage your position well and use leverage sparingly.
$MM: MM feels very good; Okx's official Twitter account has a lot of potential for virality and continuity. I noticed it yesterday; after a night of washing, the trend is still quite good. Currently, with a market cap of less than 200k, I just bought some, and it feels likely to pop. Those who got in can communicate together, and I'll notify you later!
$LDO: With ETH being so strong, if you missed it, then LDO might be a good substitute.
$DORA: The trading volume has surged in the past two days, with 35m in the last 24 hours yesterday and already 45m today. It is expected to go on Binance Alpha, so let's wait and see for a big bullish candle to boost the morale of memes on BSC!
$WLFI: It will officially launch on 09.01. The big one is really coming! Binance has already listed the pre-market contract price for $WLFI at $0.4249, with an FDV of 44.6 billion dollars. If the spot price maintains its current level upon listing, the first phase of public investors could gain 28.32 times, and the second phase could also see 8.5 times. If only 20% is unlocked on September 1, it will already break even and profit, with the rest being pure profit.
Currently, there is still no clear statement on whether institutional tokens will unlock. They have indeed chosen the hottest market to launch; what we will see next is: exchange debut battles + liquidity sucking + screenshots of wealthy teachers flying everywhere.
The upcoming hotspot $WLFI should focus on the surrounding essentials to buy:
1. $AOL on SOL
2. $DOLO on ETH
3. $U on BSC
We enter the crypto circle to seize trends. We are not here to earn a salary; we are here to get rich. Now that the trend is in front of you, if you don't seize it and miss this wave, you might have to wait another two years!
