Waking up, the market suddenly plummeted, directly exposing a position of $634 million (over 4.5 billion RMB), with nearly 220,000 people liquidated to zero. This morning's decline made the position of 4385 the first entry point, and now we patiently wait for opportunities to replenish or break even!
BTC
Bitcoin's 4-hour level has shown a head and shoulders pattern, expecting a pullback to 113500 before rebounding to 115000. Watch for support levels in the range of 111950 to 112550/109465, with short-term resistance at 116411. The push for long positions during Monday's daytime is favorable for the evening trend; stay calm and execute according to strategy!
ETH
Ethereum's price has retreated to the support level of 4300. If there is a rebound to 4400, consider entering a short position! Pay attention to the support levels at 4295, 4205, and 4105, and resistance levels at 4492 and 4730. Currently entering a range of fluctuations, although it cannot be determined as the intraday bottom, it is likely the starting point of the current wave of rebound, and fluctuations in the short term are normal!
Operational advice: For friends who have already entered the market, as long as the position is reasonable, there is no need to panic. In this round of bottom-fishing, first abandon those coins that have already surged; even if they drop by 50%, there is no need to rush to trade them. Once the trend reverses, it will be difficult to reverse in the short term! Bitcoin and Ethereum remain the most stable choices. When the market is unclear, focusing on these two is the safest strategy!
Altcoin
Calm down, what everyone is pursuing is not Aster itself, but the thrill of short-term surges of ten or twenty times. Opportunities arise every few months; it has only been half a year since TST at the beginning of the year, and when the opportunity has not yet arrived, do not go all in. Maintain patience and continue to delve deeper. There will definitely be opportunities in Q4!
In the past, it was the season of altcoins, then it became the week of altcoins, and now it is the day of altcoins. As long as you do not sell the altcoins you bought when they rise, they might drop back the next day (such as DYDX, LISTA, PUMP).
STBL, AVNT, ASTER
These three individual stocks have recently led the market to rise, but today they appear slightly cooled, and the market is beginning to calm down. Plan to pay attention to the opening of the $BLESS contract (anti-pullback + high control strategy). The positive news for cryptocurrencies is insufficient, waiting for greater positive opportunities.
STBL, AVNT, ASTER can serve as the main line for the wave, while ambushing undervalued contracts or Alpha coins. Reduce frequent trading and focus on leading coins and high-value opportunities.
BNB
BNB has shown strong performance recently, hitting a historical high on the daily chart before retreating, accurately re-testing the short-term moving averages, and has now bottomed out and rebounded with funds flowing back in. During short-term adjustments, pay attention to the support at 1000 points. After the adjustment ends, it is expected to challenge 1100 points.
WLFI
At 3 AM, the price rose to 0.2569 but did not break through the resistance level of 0.25. Most internal holders took profits at 0.25; those who did not set a take profit missed the opportunity but did not incur losses. The resistance at 0.25 is significant, and the market is consolidating with support at the 0.22-0.21 range, showing a generally strong trend.
PENDLE
Since May, PENDLE's TVL has increased by 339%, becoming the sixth-largest DeFi protocol, and its TVL is about to surpass ENA, making it one of the biggest winners of this cycle.
LTC
The past 6-7 years have been relatively flat, but current news is slightly favorable, perhaps signaling a reversal after two years of silence. In the short term, the stagnation does not align with Bitcoin's performance, and the pullback is small while the rebound is quick. Compared to most altcoins and Ethereum, LTC has lower risk, suitable for long-term investments and short-term hedging; consider buying during slight pullbacks.
On-chain:
$SPARK: Target 13M, recently SOL and BONK have not performed well, observe their performance.
$TROLL: Target 70M, looking forward to a rebound, pay attention to the trend.
$DUST: The current price level is good, continue to observe subsequent opportunities.
Lao Wang's market analysis: Last chance opportunity, pay attention to the participation method.
A single tree cannot make a forest, and a lone sail cannot travel far! In the crypto circle, if you don't have a good circle or insider information, I suggest you follow Lao Wang's market analysis to help you profit easily. Welcome to join the team!!!