"Never add to a losing position." (Averaging down often exacerbates losses.)
Daily news
1. Trump announces 'strategic crypto reserve.'
2. CZ: YZi Labs opens project application entry for long-term builders.
3. Mining machines Antminer S19, Shama M33S+, etc., reach breakeven coin prices.
4. A giant whale 'sets 10 big goals' BTC long position has an unrealized profit of $8.35 million.
5. The total market capitalization of cryptocurrencies has surpassed $3 trillion, with a 24-hour increase of 8.4%.
6. The ETH stolen by the Bybit hacker may be completely laundered in the next day or two.
7. Data: A giant whale cleared out its PEPE and BEAM for 6.25 million DAI, losing $14.14 million.
Market observation
Analyze and simplify. For more specific indicator learning and exchange, feel free to DM X: @djoer2049
(PS: For short-term operations, set good position protection for profit; position management is the holy grail of trading‼️)
Chart structure | Chip distribution | Main force tracking | Volume price theory | Market psychology | Macroeconomic analysis | Microeconomic analysis
$BTC
Daily level:
Short-term 86000-87000 breakthrough stop loss ❌
(In the face of trends, the importance of stop loss is evident.)
Yesterday there was no second dip, thanks to Trump's announcement of 'crypto reserves.'
A direct wave of good news pushed it to over $90,000.
After breaking through the key support level, the market basically reversed.
Classic bull market technical short squeeze washout.
(Basic pullback logic reference tweet: https://x.com/djoer2049/status/1895387548786335825)
Currently oscillating and consolidating at a high position, large levels are returning to an upward cycle.
The upper resistance range is 96500-99500; a breakthrough will likely revisit ATH for testing and start a new round of bullish market.
Lower support range 88500-90500.
Operation reference:
Observe the upper selling pressure range.
A pullback to 88500-90500 can try to go long.
Stop loss.
$ETH
3-day level:
Testing the low support range from last August again, 2000-2100
The last two days mainly observed the V reversal situation in the overall market without action.
The Bitcoin price is almost back to the previous high.
Meanwhile, the price of ETH is still at a 40% cut from its high.
The market is too weak, and FUD voices keep appearing.
A hopeless case.
Mainly focus on two upper ranges: 2700-2800 and 3200-3400.
These are also two important market cost ranges during this recent downturn.
The lower support range is still around 2000-2100.
Operation reference:
Waiting for the price to further pull back to 2700-2800.
Or temporarily rebuild a bottom between 2100-2500 and then look for entry opportunities.
$SOL
3-day level:
Affected by news, followed the Bitcoin for a strong reversal.
Currently testing the upper resistance level of 175-190 again.
Lower support range 150-160.
Last night's stretch was quite large, currently likely to oscillate between 160-180 before choosing a new direction.
Operation reference:
Short-term:
At the upper resistance range of 175-190, a short can be attempted; if broken, stop loss.
A pullback to the lower support range of 150-160 can try to go long; if it breaks, stop loss.
Medium term:
Positions bought around the bottom of 130 can continue to hold.
As long as the price stays above 150, there are no major issues.
Opportunity hotspot
#Short term
$BERA $S (Review)
$BERA surged sharply yesterday to near the previous high, continuously increasing positions raised the cost, and then was stopped out ❌
Currently, the daily structure still shows significant opportunities.
Continue to pay attention and wait for opportunities.
$S saw a strong reversal in the market yesterday.
After a false breakout down, the best position was protected; continue to observe.
$FET
Daily level:
#AI's leading targets have been washing out for almost a year.
After several days of doji stars, a short-term opportunity for a right-side ambush.
There are still a few bottoms in the short term that can be focused on:
$AVAAI $SWARM $GRIFFAIN
$ZEROBRO (Bottom trading volume can still be good.)
#Medium to long term
$KOMA (Review)
Medium to long-term strategy stop loss ❌
$ZEN
Daily level:
Currently, the bottom is performing well; $ZEC has already made a move.
Can take a position.
Operation reference:
Can build a position around 12.5-13.5.
Stop loss: 11.9
TP1: 18-20
TP2: 28-30
Review
$BTC technical short squeeze washout ✔️
$BTC short-term 86000-87000 breakthrough stop loss ❌
$ETH tests last August's low support range of 2000-2100 ✔️
$BERA short-term unrealized profit increased, stop loss ❌
$KOMA medium to long-term strategy stop loss ❌
PS: The above analysis interpretation is merely personal opinion and does not constitute investment advice.
