BTC dropped 5000 points after calling for a short. The sideways fluctuation between 110-112 is a distribution phase. The downward inertia is strong, with strong support at 104.96, which is also the whale liquidation point. As mentioned yesterday, 109.6 has been preliminarily confirmed as broken. The next point is around 104-105. If it breaks through, it could go down to 92-94k, and then to 89k.
After the big drop in Bitcoin, there are cheap chips everywhere in the market. For the vast majority of altcoins, this is a bargain price. In Churchill's words: 'Never waste a good crisis,' because a crisis is an opportunity. Based on past experience, the longer the price stays at this level after such a drop, there is a 60% probability of a further decline in the short term. From a medium to long-term perspective, all crashes represent the cheapest chips, and you can't buy such cheap assets at other times.
Eth
Current price 2555-2535, enter long positions in batches. The smaller timeframe has already touched support and shows signs of a rebound. Once it starts rising, it needs to break the recent high; the cost-performance ratio is decent. Charge!
$THE
The long-term sideways consolidation has been accumulating for three months, and the probability of a breakout in the short term is very high. Currently, the 2H has already reached a strong support level. Going long in the short term is better than left-side trading.
GASS
The main character of the GASS project is a new cat, which is quite interesting, a new character from Matt Furie's upcoming book. Overall, it still has a narrative. More importantly, I checked the team behind it, and they have a certain background; they are not the kind of empty shells trying to generate hype. The overall style is quite serious. Personally, I think this direction of meme + IP licensing has potential. If the book is published and the character becomes popular, the currency will naturally rise as well. Moreover, the current market cap is low, which belongs to the type where 'the ambush cost is not high and it could soar once the sentiment kicks in.' I am quite optimistic about this type of new meme that has content, IP, and ideas. Interested parties can check it out themselves.
ONDO
ONDO announced that its stock will be sold on the blockchain through $ONDO on $SOL. Now is the time to buy. ONDO has formed a triple bottom, trendline breakout, resistance level reversal, and the breakout and retest have been confirmed. We may see movements towards new highs in the coming days.
Push coin review
RWA: Recommended price 0.01147. Peaked at 0.0203, an increase of 76%.
VIRGEN: Recommended price 0.01421, peaked at 0.0172, an increase of 21%.
