The news that the SEC and COINBASE withdrew their lawsuit last Friday caused BTC to rise and then fall back, and it did not effectively stay above 100,000. Over the weekend, BTCB completed a very standard pullback, showing an overall bearish trend. There is only an 11-dollar space from the buying point given by the community. If you are a trader, you can automatically set points based on indicator signals, so this wave is expected to capture profits from buying at the low point!
Currently, the probability of testing the bottom of the oscillation range again has increased. BTC may briefly fall below the 90,000 range, while ETH will not fall below the previous low of 2,100. SOL is the weakest, having already fallen below the previous low, and will find support in the 120-150 range. This will create very good buying opportunities.
Bitcoin drops one point, altcoins drop ten points. Ethereum is really soft; it seemed so strong over the weekend, and every time I thought it was about to take off, I ended up being wrong. Also, SOL has 2 billion unlocked this week, SUI will unlock 22.97 million tokens on March 1, and OP will unlock 31.34 million tokens on February 28. Just resolved the Bybit hacker incident, and now lnfinity has been hacked for 50 million dollars, which was converted to Eth to crash the market.
The crypto market is really finished. Anyone can come and stomp on it. Originally, the funds in the market have been almost all cut by VC coins. The presidential institution issued memes and sucked away so much liquidity from the market. Now, hackers are frequently appearing. Exchanges are exploiting retail investors, hackers are targeting exchanges and institutions, and now it seems that hackers are the top of the food chain.
Today is Monday, the market is quite volatile. Continue to avoid deep squats, don't force long positions, and don't short when being suppressed. Today's opportunities are still likely to emerge in the evening!
Today's hot topic - BAN plummeted 60% in 4 hours!
According to Coinglass data, in the past 12 hours, the total liquidation amount for BAN reached 11.42 million dollars, second only to the liquidation amounts of BTC, ETH, and SOL.
Friends also ask me whether it is worth bottom-fishing and whether it will rise. I don't know. I just want to say that the institution has sold all the spot to the smart money. Who will pull the market up? I don't know, so I'm not bottom-fishing!
Finally, I want to say that many fans ask me how to layout for March as February is about to end.
In my opinion, there has been a recent explosion of AI, and the enthusiasm both domestically and internationally is very high. Therefore, I personally believe that AI will lead the next wave. March will definitely be the trend for artificial intelligence.
As WLD is a leader in AI, I believe there will definitely be a big explosion this year. WLD has not shown significant volume at its current position. There are two possibilities: either it's a bearish drop with no volume, or the previous washout has been mostly completed. I see it more as a bearish drop with no volume playing tricks.
Friends who are interested can hit 1 to get on board.
