I was in a small black room for a few days and finally got released.
The recent market is still very good, Bitcoin is still consolidating at a high level, Ethereum is aiming for 4k, BNB has broken its historical high, everything is thriving.
Let's take a look at the recent situation of some tokens laid out:
1. BROCCOLI714 and 1000CAT, in the context of Bitcoin continuously hitting new highs, are two meme assets that I am relatively optimistic about, predicting that they will rise with the bullish sentiment of Bitcoin, so they were laid out, ultimately both 20x contracts achieved: 1x profit and 3x profit;
2. BOME, also in this round of Bitcoin's new high, is an asset that hasn't risen much. The layout was due to technical indicators showing it has the potential for a rebound, so it was laid out, and since Bitcoin remains stable at high points, laying out these coins that haven't risen is definitely not a problem. Ultimately, the 20x contract achieved a 2x profit;
3. ETH, if you missed ETH in this round, then you missed 80% of the profits. The club has also repeatedly highlighted the importance of laying out ETH at 2400, 2600, 2900, 3000, and this time at 3320. This was a short-term long strategy, and ultimately the 20x contract achieved a 1x profit;
4. AIXBT, the layout is because its daily line broke through the resistance level, so it was laid out, and the 20x contract also yielded 1x profit;
5. ETH, a long strategy around 3220, the 20x contract ultimately achieved a 2x profit increase;
6. LPT, was suggested to layout at 6.79, and it broke through 7.5, achieving an 11% profit increase;
7. SUI, also a relatively strong asset in this round, after being suggested at 3.1, it surged all the way up to 4.2, achieving a 36% profit increase;
8. ETC, also a coin strongly correlated with ETH, can be laid out as ETH strengthens, and the 20x contract achieved a 2x profit increase;
9. FLOKI, the layout was also due to its potential to rise with the rotation of the MEME sector, so it was laid out, with the 20x contract ultimately achieving a 1x profit;
10. DOGE, also hovering near the resistance level, so a long position was chosen, ultimately the 20x contract achieved a profit of 800 dollars;
11. OM, an important asset in the RWA sector, was suggested for layout because it has broken through the small range of fluctuations, and it achieved a maximum profit increase of 70%;
12. ADA, like XRP, is also a US coin, XRP has reached a new high, and ADA should also start to perform soon, so it was laid out, with the 20x contract ultimately achieving a 1x profit increase;
13. NETW, showing signs of starting, so a layout was chosen, ultimately achieving a 60% increase;
14. MKR, NEAR, LINK, these three assets were laid out because Grayscale updated its list of new holdings, among them: MKR achieved a 22% profit increase, NEAR achieved a 12% profit increase, and LINK achieved a 20% profit increase;
Regarding the outlook for the upcoming market:
Recently, BTC has risen for several days, reaching around 12, a key resistance level. However, it has already broken the support at 116 last week, dropping as low as 115. Logically, it should encounter resistance in the range of 117 to 118 when it rebounds, before dropping back to around 113 to 114.
However, this time the market is a bit strange, it directly broke through the resistance and returned to around 12, preventing the previous downward channel from truly opening.
So based on the current trend, if it returns to around 12, we can still continue to pay attention to the bearish trend of BTC. This week we need to focus on two points:
The first is the daily support level at 116, the second is the key range of 113 to 114 this week. At the same time, on the four-hour level, pay attention to the resistance range of 117 to 118, which is the resistance point that will be encountered when rebounding from 115, and that support range needs to be particularly monitored.
Speaking of ETH, it has been performing quite strongly recently, and judging by this trend, there is a great possibility of hitting around 4000 points this week, which is not far from this target.
The last peak was around 3860, and today's maximum has already reached over 3900. This week's closing is crucial: if it can continue to close with a bullish candle, then the correction at the beginning of next month should not be too large, at most a phased adjustment, after which it will continue to rise.
However, if there is a significant correction at this week's close that extends into the beginning of the month, the market may drop to a major support area, around 3200 to 3400, before starting to rebound.
The key support point this week is around 3500 to 3600, and during the day, we need to focus on whether the support in the range of 3720 to 3760 can hold.
If it breaks down, then this week is likely to see a solid bearish candle or a bearish candle with a long upper shadow, indicating that the space for market retracement will not be too far.
