Last night, the cryptocurrency market staged a stunning reversal! This wave of increase wiped out the shorts! $932 million went up in smoke!
In the past 24 hours, 196,014 leveraged gamblers in the market suffered liquidation, and the shorts were bloodied — $794 million in short positions were crushed, exchanges transformed into battlefields, and liquidation alarms echoed through the skies!
Previously, I told everyone to hold BTC at $76,000, ETH at $1,460, SOL at $100, PEPE at $657, and DOGE at $0.142, saying to hold for 2 months; if you held until now, you should have made a lot of money.
Bitcoin
Bitcoin has broken through the $104,000 mark like a runaway beast, rebounding an incredible 40% from the bottom in early April in just one month, making those who missed out pound their chests in regret. As of the time of publication, Bitcoin has slightly pulled back to $102,972, but the 6% daily increase still terrifies the shorts.
Strategy: Currently, the daily line has broken through 100,000, and the MACD shows upward momentum, with a major cycle having reversed. It is recommended for spot traders to exit 80% of their positions, support at 100,000, resistance at previous highs. The 1-hour chart currently shows a pin bar pattern, and the MACD death cross indicates a pullback, so caution is advised. The weekly chart shows a shrinking volume rise, increasing risks; wait for a large correction to 10,000 points before entering, support at 89,000, with unlimited potential above.
Ethereum
Ethereum is going even crazier! It surged 21.4% in a single day, with its price soaring to $2,201, reclaiming the $2,200 level for the first time in 66 days! Its daily K line entity increased by as much as 21.8%, such a fierce momentum has not been seen since January 2021 — as if announcing to the world: 'The king of altcoins is back!'
Strategy: Ethereum's neckline at 2100 previously resisted pressure and moved bearish; it has now broken through, indicating a trend reversal. Those still short should be careful. Time is running out; making a stance now may lead to a rollercoaster-like movement.
The ETH/BTC exchange rate has also sounded the counterattack horn, strongly breaking through the key psychological barrier of 0.02, currently reported at 0.02024, rebounding over 14.6% from recent lows. This counterattack directly pierced the predictions of pessimists!
Meanwhile, other mainstream coins in the market have also shown significant increases.
DOGE, PEPE, SOL, XRP, SUI, and other altcoins rose simultaneously.
The three core catalysts behind this rise:
1. The Federal Reserve releases dovish signals.
2. Trump reaches a significant trade agreement with the UK.
3. Bitcoin reserve system advances further.
This series of news combined forms a solid foundation for Bitcoin to break through $100,000.
This wave of increase can be seen as the rise from November to December; if the direction is right, act boldly; if the direction is unclear, just watch. Look at the number of bulls and bears; with so many shorts, there must be a purge. The best current advice is to find some leading altcoins for a rebound rather than mindlessly shorting.
Today's strategy continues to focus on buying the dip mainly; everyone looks down on Auntie, but this time I don't know how much it exploded. It’s actually fine if you didn’t make a loss, just don’t go against it. I said yesterday to definitely not short; has anyone shorted?
Today's password recommendation: RSR
Reason: From a pattern perspective, it looks like a head and shoulders bottom; after breaking the neckline, the pullback stabilizes and moves upward, with the target price likely reaching the previous high. The neckline is an excellent entry point; if you are optimistic about the future, chase the market price.
Entry price: 0.010267 (market price)
Stop-loss price: 0.008528
Target price: 0.1428
Expected increase: 1290%
On-chain targets worth paying attention to.
$koma seems to have entered the market.
$jager dividend coin, should be able to break even in a day now.
$btz is looking to create an AI launch pool.
$donkey has rebounded strongly from 15 to 4 million after a severe retracement, and has already fallen back to alpha, now close to 10 million.
Currently, most altcoins are basically at the breakout structure of the daily K line.
For example, $BOME, $AR, $ACT, etc. If you want to do a daily K line breakout, find a structure similar to the one in the picture and enter after the breakout, setting a stop-loss at the recent low.
As for those who don't know how to operate, add me!
