Today, US stocks rebounded slightly as investor worries over interest rate cuts in September and economic recession eased. Trump's dismissal of Federal Reserve Board member Cook was more about intimidation and pressure, and it is difficult to remove him directly unless there is solid evidence.
The difficulty of investment in the past two years lies in judging the overall trend.
Even if you can accurately grasp the major trend, small-cap altcoins often struggle to keep up, and the entire market appears chaotic, with each coin fighting its own battle.
Bitcoin (BTC) and Ethereum (ETH) have reached new highs, but most altcoins are still oscillating at the bottom, with weak increases and significant declines. In the futures market, there have been consecutive occurrences of both long and short liquidations, as traders focus on profiting from liquidations, making large profits from just a 5-point fluctuation. In contrast, in the spot market, you have to wait for a 50-point fluctuation and also spend a lot of capital and operational time, making it far more complex than futures trading.
In the past 24 hours, a total of 84,756 people across the network have been liquidated, with a total liquidation amount of $280 million. Long positions were liquidated for $121 million, and short positions for $159 million.
BTC
In the early morning, it oscillated in the range of $109,500 to $111,950 and is currently consolidating near the upper boundary of the range. Whether a one-hour right-side signal can form depends on the pullback low on the one-hour chart. The daily line closed positively, running near the lower band of the Bollinger Bands, with a double top forming at the bottom. The short-term upward trend has started, pullback momentum is weakening, resistance levels are gradually rising, and the trend is strengthening.
From a weekly perspective, the support at $110,000 has been tested multiple times without breaking. The bottom space has not fully opened, and the market has not entered a bear market. Currently, it is still in the adjustment phase of an upward trend. As long as key support holds, bulls still have room to continue rising.
Strategy: Focus on support at 107500 and 106132, with resistance tentatively set at 116411.
ETH
Ethereum continues its upward trend. After breaking through the resistance levels of EMA24 and EMA52 yesterday, it rebounded. Currently, the price is being suppressed by the middle band of the 4-hour Bollinger Bands. From a technical indicator perspective, bearish momentum has weakened, the MACD green bars are shrinking, DIF and DEA are gradually approaching, and KDJ has formed a golden cross at a low level, indicating that bulls still have room to rise.
Reminder: The current oscillation range for ETH is between $4492 and $4729, similar to Bitcoin. Pay attention to the support level at 4430 and 4492 during pullbacks.
Strategy: Focus on support at 4315 and 4107, with resistance tentatively set at 4729.
Review
SOL
Swing trading is still ongoing. Even if the 'bull market' hasn't arrived, you can still earn the money that should be made. Yesterday's article was already very clear: enter long at 187, rise to 198, and harvest nearly 6% profit.
WLFI
Brothers, WLFI long positions are making huge profits! Entered at 0.247, and the current yield is already +110%, earning $2740! The core strategy is: ambush, listen to advice! Join me in making money!
XPL surged 200% in five minutes, reaping an enormous profit of $38 million!
This morning, the XPL token on the decentralized perpetual contract platform Hyperliquid skyrocketed 200% in five minutes due to a short squeeze event, exposing issues of capital manipulation in the market under high leverage and low liquidity.
Look at how the whales operate XPL: Wallet 0xb9c0 holds 16 million USDC, using 3x leverage to go long, absorbing sell orders and pushing XPL from $0.6 to $1.8, clearing the short order book and triggering a short squeeze.
The Hyperliquid platform exploited high leverage and low liquidity loopholes, leading to $38 million in short liquidation, while whales made $14 million by closing positions at the peak, and total profits from copying operations reached $38 million. Retail investors suffered heavy losses, with those using 1x leverage for hedging being force liquidated within minutes, losing $2.5 million.
Today, let's talk about the viewpoint that you can't just hold onto spot assets in the crypto space and that this round of altcoin bull market will only see 2-3 times increase.
Why can't you just hold onto spot assets in the crypto space?
The increase in this round of altcoin bull market is mostly 2-3 times, and this viewpoint has sparked quite a bit of controversy. I want to ask those who are holding onto altcoins: During this round of bull market, who made more money—those who genuinely held long-term or those who rode the roller coaster? If you are still using experiences from the past two rounds to operate, it would be surprising if you don't incur losses this time! Looking at BTC's historical bull market increase decreasing: In 2017, it rose from 3K to 19K, about a 6-fold increase; in 2021, it rose from 3K to 69K, about a 23-fold increase, which calculates to about 3.6 times from 19K; this round is expected to rise from 15K to 130K-150K, about 10 times, about 2 times from 69K. So what about the next round?
Altcoins also follow similar patterns. In 2017, there were many hundredfold coins; in 2021, there were mainly tenfold coins. In this round, excellent altcoins may rise tenfold, while trash altcoins achieving 2-3 times increases is already quite reasonable. Most retail investors have difficulty selecting excellent coins, often buying those trash altcoins, so a 2-3 times increase is actually very normal.
The bonus period in the crypto space is gradually fading, and a saturation period is approaching.
Retail friends, don't always think about getting rich overnight; it's more important to understand 'how to sell.' In a bull market, when Bitcoin hits new highs, there are always people shouting '200k, 300k,' and the FOMO atmosphere is thick across the network, shouting 'eternal bull market.' However, after the noise, the market will eventually calm down.
Remember: Don't just hold onto spot assets, and don't expect altcoins to rise another 5 or 10 times. A 2-3 times profit-taking is already a good goal. Be a rational investor; rationality is key.
