This market situation is really terrible; the manipulators are even too lazy to perform, it’s harsher than ever. From a technical perspective, Bitcoin is still declining on the daily chart, with the bull-bear dividing line at 89,000, and trend line resistance around 86,000. Although the MACD golden cross indicates a need for a rebound, the volume is insufficient, and big funds haven't entered the market. Don’t chase long positions; you can reduce positions during the rebound, with support at 81,000. The four-hour chart shows a volume increase; with the MACD golden cross, a pullback to 84,000 can be taken for a light long position, and a stop-loss at 83,000. If the short position is profitable, take profits. The sentiment is unstable now, so don't chase highs, and don’t rush into spot trading.
Today Trump's tariff policy has been implemented, it is likely to not be too extreme. Even if the benefits are not obvious, at least with the policy in place, we can breathe a sigh of relief. The market may continue to rebound, but it is too early for a reversal. Ethereum has been weak recently; last night I suggested shorting around 1930. Now the pullback strength is insufficient, so take some profit first and set a stop-loss at the current price for the remaining position. If it rises to 2100 again, we can continue to short.
In short, don't act impulsively now; the manipulators have deep strategies, and Trump's mood is unpredictable. Operate with good stop-losses, watch more and act less, and wait for market sentiment to stabilize before making decisions. Trading cryptocurrencies is not easy; cherish each moment.
Altcoin bloodbath: 500,000 dollars can crash a 100 million market cap? Last night in the altcoin circle was akin to a 'slaughterhouse': ACT was sold off by a whale for 540,000 dollars, directly halving its value. Tokens like LEVER and MASK plummeted collectively, dragging down BSC chain projects and 'zombie coins' completely. Today, they fell so hard that even their parents wouldn't recognize them. Retail accounts buying spot are worse off than liquidation. The most exaggerated is that 500,000 dollars can drop a 100 million market cap, many projects' circulating market caps are actually 'paper-thin'. The newly launched GUN plummeted 45% in two days, and the once 'spot fearless' myth has been completely shattered. Altcoins are basically dead; new investors are being uprooted, meme coins and new coins plummet as soon as they launch, and the manipulators cash out and run, leaving retail investors standing guard at high levels. Exchanges are indifferent, market makers run away, and in the end, only retail investors bear the burden. Many people no longer dare to enter the market; it’s really tragic.
Can these projects be saved? Render: Just broke the long-term downtrend, aiming for 12.3 dollars with strong trading volume support. A breakthrough at 3.75 dollars could lead to a short-term surge of 20-30%;
Layer: After going live for a month, it suddenly started and could enter an explosive phase if it breaks 1.6 dollars.
EOS: Brand upgrade into the Web3 banking sector, significant control by main funds, just took the top spot in Binance's gainers list yesterday;
PNUT: Once a 'star coin', now it has become a disaster zone for retail investors. The manipulators are still in control, but the selling pressure is huge, so I recommend setting a good stop-loss.
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