Bitcoin faced resistance twice last night, retracing to 94300 and 94500 before rebounding, currently oscillating around 95000. Weekend liquidity is weak; if it cannot break through 95500 strongly, the upside will be limited; if it drops below 94500, further decline should be guarded against.
ETH (Ethereum)
In the past, Ethereum led the charge and drove altcoins; now, it's the altcoins pushing Ethereum's rise.
Ethereum is currently challenging the key level of 1800, having tested it twice. Stronger performance is likely in the next couple of days. Don't get caught up in whether it was strong before; as a speculator, volatility creates opportunities.
For friends who haven't caught the rise yet, now is the time to continue buying Ethereum.
SOL (Solana)
Yesterday it reached 157 and quickly retraced to 150, with the rebound facing weakness. In the short term, it needs to rely on BTC breaking through 96000 to possibly drive the market. Key support levels to watch: 150, 145 (if broken, deeper adjustments should be guarded against).
Recently, two major hot sectors—AI and Meme—have made a strong comeback.
In the AI sector, WLD has doubled from the bottom, with daily volume still not showing signs of peaking. After breaking through 1.4, it is expected to challenge 2 dollars; the leading FET has ignored previous selling pressure and doubled strongly, with a short-term target of 1.2; LPT was recommended this Monday at 4.2 dollars and has now risen by 50%. After adjustment, the target looks towards 8 dollars, and if it breaks through, it may challenge 10 dollars.
In the Meme sector, Dog Sister Neiro has doubled, while Dog Brother DOGE's rise has paused, only about 20%, but it is worth noting that the key resistance level is at 0.3.
After observing the market trends, let's take a look at an interesting phenomenon!
Generally speaking, the delisting of spot trading pairs on Binance is a significant bearish signal for tokens, and prices often plummet.
But this time, $ALPACA surged against the trend, rising from 0.029 dollars to 0.2173 dollars, with a maximum increase of 649%. It is currently at 0.1995 dollars, with a 24-hour increase of 158%.
Regarding the ALPACA volatility, community KOL Benson Lin summarized three points:
It is the only token among those delisted this time that has significant exchange contract support, with strong momentum from the market makers and low costs.
Before the decline, its market value was only 6-8 million dollars, small in size and easy to manipulate.
Low market value + negative sentiment attracts a lot of blindly shorting traders, creating opportunities for speculative capital to enter.
Currently, short-selling sentiment is high, and the ALPACA contract is in a state of high negative funding rate. Binance has also shortened the settlement frequency to every two hours, increasing short-selling pressure. According to Coinglass data, in the last 24 hours, the liquidation amount for ALPACA reached 16.23 million dollars, with short positions accounting for 13.59 million dollars.
That's all for the article! If you're feeling lost in the crypto world, consider planning and harvesting with me!
