犀牛

$AIA Is anyone still shorting? With this kind of trend, no one dares to speak up, it's completely the main force controlling the market. The funding rate is currently -0.35%, charged hourly, who can withstand shorting?

Perhaps everyone has no concept of this -0.35% funding rate, let me explain simply.

For example, if you have 100U in funds, and you short with 10x leverage, the position value is 1000U, and the funding rate is -0.35% charged hourly.
Funding cost = Position value * Funding rate
1000 * 0.35% = 3.5
That means every hour you have to pay 3.5U in funding costs to the longs, equivalent to a 3.5% loss on your principal every hour.

If the funding rate reaches an exaggerated -2%, then if you short with ten times leverage, you will lose 20% of your principal every hour.

So, high leverage + negative rates can easily lead to being wiped out by funding costs. Recently, someone shorted myx, and although the order was profitable, the total funds were at a loss due to the funding rate.

#AIA

Today is Friday, good morning

The overall market performance is average, the trend is weak, the AI sector has some impressive performance
Several meme coins have emerged, almost all on the gainers list are from the AI sector
Even projects like $FIL have started to rally, it's really hard to understand, the main force wants to push the price up, completely without reason

The public chain and meme sectors are not doing well, yesterday I entered a $SUI and $币安人生 , one hit a stop loss directly, the other one went up and came down to the cost price, thinking of sector rotation, the privacy sector's rally should have ended and the meme sector would go up first, but it didn't come out, the funds went to the AI sector

The enthusiasm for AI will continue for a while, it can still be monitored in the near future, and one can do some catch-up or directly chase breakthroughs

$币安人生 casually entered a bit, the position is not heavy, just consider it as buying spot, the stop loss is on the chart, whether to enter is up to you

$SUI entered a long position, looking for a rebound, target around 2.2

#SUİ

The buying trend of $ASTER is good, and it will likely go up again to test the previous high. The possibility of dropping straight down is very small, so it can be monitored closely.

Is HYPE ready to take off? Key support has appeared, and a strong rebound may be on the horizon!

$HYPE This wave of decline is not too large, and during the decline, there has been capital stepping in. Currently, it has fallen to near the previous low, with daily support levels indicating a potential 'double bottom' structure. As long as the support holds, a daily level rebound is expected in the short term.

If the price can stabilize at support and break through 45, it would signal a strong reversal, further opening up the upward space for the market. A new high above 60 can be anticipated, and now is a good opportunity for low-entry positioning. Don't miss out!

Today the Greed and Fear Index is 24, once again falling into the fear zone, and the market sentiment is full of wailing, but the real opportunities often arise in panic.

From historical data, when the Greed and Fear Index drops to around 20, the price $BTC is likely to experience a phase rebound.

In February, March, and early October this year, the index touched the bottom three times, entering the extreme fear zone in green, and subsequently, the market showed a significant upward correction, and the current situation is very similar.

$ASTER $LPT $PUMP $HYPE Short-term trends are stronger than Bitcoin. If you want to buy the dip, you can prioritize this. Spot can be bought directly, but contracts still need to be evaluated against your trading conditions before considering entry.

$RIVER Buy near current price 7.77 Stop loss: 7.572 Take profit to be determined

#RIVER Position size determined by stop loss Profit and loss at your own risk, decision to trade or not is yours.

The loss was triggered on the very first trade...

$XMR current price around 348 buy
stop loss 340.8
take profit pending

#XMR
set position based on loss, determine position size according to stop loss

$ASTER CZ has come and is also trapped; there are signs of strengthening in the short term. If it can stabilize above 0.9 in the evening, one can participate in a short-term long position

Who is smashing the market? Three major reasons for Bitcoin's sudden plunge!

The start of November is unfavorable, Bitcoin has plummeted, and Ethereum has also fallen below 3500, except for the privacy sector which is still rallying; other sectors are in a waterfall, really not very friendly.

Let's discuss a few reasons for this decline.

1. Project explosions
There have been incidents with projects for two consecutive days.
Yesterday, the DeFi project Balancer was hacked for 116 million dollars, and today, the Stream Finance platform has also encountered issues, losing 93 million dollars, and the official reason has not been provided.

Two major targets are gone, and the entire market's confidence has been shattered.

2. Macroeconomic factors
The Federal Reserve continues to send “dovish” signals and then shifts to “hawkish,” leaving the market at a loss. Last Wednesday, during a speech by the Federal Reserve, it was mentioned that there might be a rate cut in December, but then it was added, “It depends on the data.”

Moreover, Bitcoin ETFs have also performed poorly, with a net outflow of 802 million last week, and yesterday, on November 3rd, Monday, there was an outflow of 186 million, indicating that institutions are continuously withdrawing funds, and buying pressure is weak, leading to a lack of sustaining rebound.

3. Technical aspects
Bitcoin faced multiple pressures in the previous range of 108.5k to 111k, which is a consolidation zone ahead, as well as a major selling area.

After yesterday's drop, the bullish defense line collapsed, and the price plummeted all the way down, ultimately dragging the entire market down.

Finally, there's one good piece of news: historically, Bitcoin's average monthly return rate in November is bullish.

$SOL The short line has broken below the 160 mark, and the bears continue to dominate.

There will be a wave of support near the 150 level; if it can't hold, we will have to look at 140.

Currently, it is still falling, with almost no rebound. Don't rush to catch the falling knife; wait for the bottom divergence signal before acting.

#SOL #solana

$BTC
The giant whale is distributing goods in batches; at 10.65w in the evening, there was no large capital buying the dip. It will be a bit difficult to rise in the short term. We need to wait for a sideways consolidation and for the main force to accumulate again before it can rise.

Currently, Bitcoin is critically focused on two liquidation points. If it cannot strongly break through the bottom of the consolidation area at 10.85W in the short term, it is very likely to dip down first to trigger a wave of long stop losses, clearing the liquidity at 10.65W before a decent rebound can occur.

$BTC

$SOL encountered resistance and declined near previous highs, with a significant drop and noticeable selling pressure, as large funds are cashing out here.

If the current position continues to rebound to around 200, it still presents a good short opportunity.

The target can be seen at 177-184, a previously dense trading area that serves as a position for funds to support. A break below will initiate a new round of bearish market conditions.

#Solana #sol

$BCH price has formed a clear horizontal resistance around 600–610

The last time it approached the resistance zone, there were noticeable signs of a pullback

The current price is likely to continue downward, first testing the trendline support, and if it breaks below, it will continue to decline

#BCH

Ethereum is too strong, constantly reaching new highs, about to hit 4700, it's impossible to predict how high it can go, many people should get liquidated in this wave of increase!

#ETH

Today is the weekend, and Bitcoin continues to fluctuate with little movement. Although there was a surge yesterday, the increase was not significant, and it is still consolidating within the upper fluctuation range.

In terms of indicators, the MACD has formed a death cross, and we are still looking at adjustments in the short term. It is not yet time to participate in long positions; the focus should be on shorting.

Trading advice: Short when it rebounds to around 117000-117500, with a stop loss at 119000 and a target near 115000.

#BTC #BTC走势分析