Bitcoin performed strongly this morning, with a very solid trend. However, there is a Federal Reserve report tonight that may cause a spike upwards, so be aware of the risks of a pullback after the rise.
In the past 24 hours, a total of 97,594 people have been liquidated across the network, with a total liquidation amount of $296 million, long position liquidations amounting to $150 million, and short position liquidations amounting to $147 million.
BTC
The overall market is poised for action, and the trend direction is very clear. The current pullback is just a normal consolidation action by the main forces, aimed at shaking off floating capital, and there will be more room for upward movement later. Every price drop is an excellent opportunity for low-cost acquisition; hold patiently and follow the trend. Pay close attention to the key support area for Bitcoin at 85450-86000.
Operation suggestion: Long near 86700-87000 on pullback, defend 86000, initially target 89300-89880. If this area is strongly broken, continue to look up at around 90800-91350.
ETH
On the daily level for Ethereum, the MACD green bars continue to narrow, and the DIF has successfully crossed above the DEA, indicating a significant weakening of the bearish momentum; the 4-hour chart has just formed a golden cross, and the 1-hour MACD red bars are still rapidly expanding, indicating strong bullish momentum in the short term. The current price is testing the key support area of 2900-2880. As long as it can stabilize and hold, it is highly likely to challenge the resistance level around 3060.
Operation suggestion: Long near 2908-2880 on pullback, defend 2850, target to see around 3030-3060, if broken, look for around 3130-3160.
Shanzhai
Many people in this cycle are actually not familiar with the gameplay of the previous round of Shanzhai coins. If you look at the trends of those Shanzhai coins that are still alive, you will find that most of them have fallen from their highs in 2021 to the end of 2025 (even after going through 1-2 phases in between). Overall, many coins have dropped by 10 times or even 100 times. This process is about 'popping the bubble', and the high points of that time are the 'bubble' peaks.
But don't forget, these coins often had an initial market value of only a few million to tens of millions, rising from extremely low prices. From having no value to being considered valuable, like DENT, which launched in 2019 and fell to 0.000065 at its lowest point, barely moving during the first Bitcoin rally. During the second Bitcoin rebound, it rose 338 times to 0.022 within three months but then fell for four years, hitting a low of 0.00018 last month.
Now many coins, even if listed on BN, have a market value of only ten to twenty million, or even fall below the issue price. If you enter now, it’s equivalent to being lower than institutional prices, which was almost impossible before. Will they go to zero? If you understand this, you will know what to do next.
Many people are talking about the bear market. If you want to talk about bears, just refer to Shanzhai bears. The decline of Shanzhai over the past few years, on the contrary, I don’t think it’s a bad thing; instead, it’s a good thing. It prevents institutions from creating high market values, letting Shanzhai return to the value system it should have, laying a foundation for future 'bubbles'. Remember, the Shanzhai 'bubble' will definitely come at a time when no one expects it, and when most people wake up, it will be like the last cycle, becoming the ones who catch the bubble.
$WOJAK
$WOJAK on the SOL chain has surpassed a market value of 42 million, and it is likely to be the second meme coin in the current bear market to continue rising after $67. As a classic meme widely imitated, it is often speculated again during market lulls, demonstrating enduring vitality.
$MON
Mon has been crazily rallying these days, based on the new price from CB, it’s almost doubled. You can look for a position to short later.
$ADA
This is a typical half-baked dish; the fundamentals are passable (there are landings, consistently in the top ten, community activity), but the market value is stuck between 10-25 billion, which is favored by shrewd speculators. Three major pitfalls: 1. Insufficient distribution, with all rises and falls depending on the mood of the giants; 2. Functions are half-baked, not as comprehensive as ETH or as fast as SOL; 3. Community + KOL influence is too strong, suspected of being paid to act.
Therefore, coins like ADA, DOGE, AVAX, POL, HBAR share the same fate: ETH/BTC can easily surpass them; true value investment has no chance, big funds won't touch them, and they will always be speculative.
