Bitcoin, after a narrow fluctuation between $84,000 and $85,000 over the past weekend, broke through last week's resistance level after 8 a.m. today (21st), reaching a peak of $87,280, the highest point since early April.
According to Coinglass data, the total liquidation amount across the network reached $220 million in nearly 24 hours, with over 120,000 people being liquidated.
In the morning, I publicly took a long position and exited with a profit of 1500 points. Looking at the 4-hour chart, Bitcoin's price has been strongly pushing up during the day, with bulls firing on all cylinders. The candlestick chart has continuously formed large bullish candles, creating a steep upward momentum, consistently breaking through key resistance levels and surging along the upper Bollinger Band in a nearly 'short-squeeze' manner. Each pullback to the moving average quickly rebounded, and trading volume significantly increased during the rise, indicating an unstoppable strong momentum with continuous inflow of bullish funds.
Currently, bulls hold absolute dominance, and there is hope for a continuation of a fierce upward trend, potentially making a strong push toward the $90,000 mark in the short term, opening up new upward space.
Recently, many people saw $TIME increase a hundredfold in two days, and their first reaction was, 'The whales are pumping it; it will eventually go to zero.' But those who truly profited from this surge have long been making money not just by luck. They were flipping through GitHub at dawn, hoarding BTC in cold wallets for three years, and had stable cash flow from OTC. When $TIME was collateralized with BTC, they didn't even need leverage; they casually threw in a few bitcoins and could afford to lose in both upswings and downswings.
And what about you? If it goes up, you regret not going all in; if it goes down, you blame the market for being garbage. At the end of the day, you haven’t even laid a solid foundation for 'investing with spare money.'
In this wave of market, the main focus is on a 'quirky' route, with the largest increases being small-cap altcoins (those with a market cap below 30 million).
VOXEL, NKN, MAGIC, GMT, etc., were just low-cap MEMEs with a few million just two days ago.
Apart from the above situation, some tokens removed from Binance voting experienced panic selling during the voting period, leading to a significant drop in prices. However, Binance has not recently announced a delisting list, resulting in a notable rebound for these tokens. Both Bitcoin and Ethereum have seen slight increases, while mainstream altcoins have almost all increased by about 10% over the past week. This localized market rally targeting small-cap tokens sends a signal of a return to a bull market.
However, investing in these small-cap tokens is quite difficult. Because before the rise, these tokens experienced a long period of decline with relatively large drops, the risks faced by investors are higher, which is why most retail investors' buying volume is relatively small.
Therefore, it is still too early to judge whether a bull market has truly returned. The rotation rise of many small-cap altcoins lacks sustainability, such as the previous AIdoge, which often sees its gains quickly revert. Ultimately, whether we can fundamentally determine the arrival of a bull market depends on significant changes in liquidity and the performance of macroeconomic fundamentals.
Simply put, delisting and pumping are choices one makes themselves; pay more attention to coins with a market cap below 3K.
Here are some examples for you to identify yourself:
DEFI sector: HIFIL2: REI seed tags: TUT seed MEME: MUBARAK observation area: VOXEL, NKN, ALPACA, FLM, BSW, PDA, VIB, PERP, WING, etc. are basically rising together.
These are some coins that were delisted from Binance voting. Due to panic selling during the voting process, they all saw significant drops, but Binance has not announced a delisting list these days, so they have also experienced a rebound, with considerable increase.
It's safer not to touch the observation area; if it's just a fleeting moment of brightness and they get delisted, you won't even have time to run.
