This market has completely ruined my CPU.
From the daily level, BTC has broken through the upward trend line and the boundary between bull and bear markets, indicating a real trend reversal. The MACD is starting to move upwards, and the upward momentum feels strong. Based on past patterns, the dealer has completed bottom-fishing layouts below 76000, and the recent surge has indeed seen increased volume, with clear signs of funds entering the market.
However, there's a problem: interest rates haven't dropped yet, and the sudden surge has left me a bit puzzled; the dealer might be pulling up to induce more buying. My personal suggestion is to at least cut the holdings of bottom-fishing coins in half at this price. In terms of spot trading, although it has broken through the upper edge of the range and 89000 has turned into support, I do not recommend entering the market directly at this position.
The dealer's sudden rise was too abrupt, and the trend line hasn't seen a pullback, so I think 83500 is the point we should consider. We should stabilize now; the more we are in this situation, the more we need to stay calm. The upper pressure is around 95000, and the lower support is roughly around 83500.
On the hourly level, the MACD has crossed down, indicating there should be a demand for a pullback. The high volume surge feels like a liquidity cleanup, and the likelihood of a significant drop is high. I suggest shorting near 93000, with a stop loss set at 94000 and a take profit target around 90000.
From the weekly level, the MACD has crossed up, showing signs of an overall trend reversal. If there is a pullback later, going long may become the main theme.
If you are currently short and trapped, just hold for a couple of days. After the drop, you can either break even and stop loss or take a risk, setting the stop loss 1000 points above the entry price.
Alright, big brother BTC has surged, starting to consolidate at high levels, finally giving second brother ETH a chance to enter with some flowing funds.
From the current formation, yesterday's bullish candle crossed three bearish candles, breaking through a key position on increased volume, suggesting it should continue to surge.
The normal pressure above is around 1860, with strong pressure at around 1940.
My personal suggestion is to short around 1860, with a stop loss set around 1880. If it breaks 1860, it's better to wait and short around 1940.
For this wave, just short; after it's done, we can focus on long next time.
From the weekly level, there are currently signs of a major upward trend, and the probability of a pullback below previous lows should be low.
Suddenly, it feels like a spring breeze has arrived, and MEME and AI coins are flying everywhere!
At first, I thought this was just a small rebound, like before, where it surged quickly today and then fell back tomorrow. I didn't expect BTC to remain strong, likely attracting a lot of overflow gold funds.
Projects led by the SOL chain, including TURBO, BONK, WIF, BOME, as well as AI sector projects LPT, VIRTUAL, AIXBT, IO, WLD, followed by the undeniable DeFi with FIS, CRV, CETUS, LUMIA, are truly seeing one sector after another explode.
Select two promising picks from each sector, or directly buy the leaders; this way, you can capture the most potential parts.
Chain games should be a ploy by dealers to attract attention, luckily I had already sold MAGIC and OL long ago. Ethereum has also made a pullback at everyone's encouragement, around 1800, finally acting like a real man.
However, to be honest, BTC and SOL are still the coolest. I hope this market trend can last a bit longer, not just a fleeting moment.
Right now, I’m not even thinking about those tenfold or eightfold profits; being able to double my investment would be great. I’ve really waited so long, finally seeing a glimmer of hope, like the sweet dew after a long drought, like waiting for stars and the moon.
However, looking around, the AI sector is indeed the most powerful!
Projects like TURBO, VIRTUAL, and LPT are all gaining momentum, even the previously troubled ACT can surge by 20%, indicating that market enthusiasm is indeed back. The main theme of the current bull market is AI, and now we just have to see who can seize this round's dark horse, just like WLD last time, with the potential for a tenfold increase.
There are still considerable opportunities in the AI field, especially with these emerging projects that have potential, which may see explosive growth in the short term. As long as the right targets are selected, there is still significant profit potential.
Regarding on-chain meme coins, the focus is still on SOL!
Today's strong rebound has also stimulated the activity on-chain. Compared to all meme coins on different chains, it's clear that the SOL chain's rebound is the strongest. The AI sector also saw a broad increase today, and the former leader RFC has started to rise.
Currently, my key holdings in SOL, besides the long-term holdings Swarm and GRIFFAIN, also include ACT, which recently surpassed a market cap of 50 million. Yesterday, to complete the Binance Alpha trading task, I also built a position in RFC around 2700.
In this wave of market movements, no one can predict whether this is truly the start of a new on-chain bull market, as there isn't a particularly outstanding sector effect yet. It currently feels like a 'spreading of fortune' after the big rise, but a collective upswing is itself a good start. If you're worried about being trapped, the safest target is still to buy SOL directly.
Currently, for on-chain DeFi, SUI can be used, while for meme coins, SOL is the most obvious liquidity direction. Stop messing around with your capital; following the trend to make money is the way to go.
PEPE is also doing quite well right now; it feels like it’s leading the meme coin charge.
This round seems to indicate PEPE takes off first, followed closely by SHIB; after BTC stabilizes, it will make a supplementary rise for Doge, which is a little trick. Doge's increase is indeed not significant, but it can also be said to be the most stable one, at least not easily falling behind.
While Doge isn't that hot, it is still a relatively safe choice, giving off a low-risk, low-return vibe.
