1. The daily line resistance mentioned last time has been broken through with increased volume yesterday, and the pullback did not break below, very standard. 2. The next resistance is at the major resistance level on the weekly chart, around 112500. Breaking through here will undoubtedly lead to a new high, and 130000 is within reach.
加密-Sky
--
From a daily perspective, the double top resistance is still effective. Only by stabilizing around 108700 (let's consider it as 109000) can new highs be achieved.
What worries me is that from the perspective of the larger framework (weekly), this large double top looks too much like the big double top of 2021. As time goes on, the pressure is likely around 112600. Only if we stabilize at this position can we talk about 130,000 or 150,000; otherwise, will we repeat the mistakes of 2021?
From a daily perspective, the double top resistance is still effective. Only by stabilizing around 108700 (let's consider it as 109000) can new highs be achieved.
BTC's proportion has been fluctuating upward within the channel. With the approval of ETFs, funds will increasingly favor Bitcoin. Looking back, when it was at 20,000, I thought Bitcoin's decline had stopped, so I sold half of my Bitcoin and bought over 2,100 ETH when it was below 40,000. Now Bitcoin is over 100,000, while ETH is still around 2,000. How ridiculous. After experiencing WIF's two surges to 4.8, each time I felt this was not the end, but each time it returned to the starting point. Altcoins are really hard to play now; you can't be greedy even a little.
Weekly double top, always feeling like my life is hanging by a thread! Two factors that I think could cause a tsunami. 1. Unstable situation in the Middle East: This time Iran was attacked, and it is clear that the U.S. is behind it, supporting Israel. If the situation in the Middle East deteriorates and evolves into the sixth Middle Eastern war, one can imagine how the capital market will perform; 2. Federal Reserve situation: Trump criticizes old Powell daily, and Powell's term ends next year. If there is another instance of what has happened in U.S. history, where the Federal Reserve Chair is announced ahead of time, undermining old Powell, this will clearly lead to distrust in the dollar, and a short-term financial tsunami is unavoidable. The tail end of the market is not that easy to navigate; play around with the mainstream currencies in the spot market, or if there’s a 20%-30% profit, just run with it.
With such a strong BTC market, no fool is still bearish, right? Standard bull market trend, if you don't agree, there's nothing to be done. It can't break below 103K, so be bold in this market; there aren't many opportunities in a year. Just buy in batches at 103, 102, and 100 and you're good to go.
He is here, he is here, he is walking over, just this afternoon said that he would soon see the big pancake starting with 10, and here it is.
加密-Sky
--
Strong, really strong, the big coin is truly powerful! The crypto world is like this, don't think about a pullback and just go all in; it won't pull back and won't give you a chance! Having broken through the crucial resistance level of 98,000, we will soon see the big coin starting with 10, and at that time, small coins will surely take off! #BTC走势分析
Strong, really strong, the big coin is truly powerful! The crypto world is like this, don't think about a pullback and just go all in; it won't pull back and won't give you a chance! Having broken through the crucial resistance level of 98,000, we will soon see the big coin starting with 10, and at that time, small coins will surely take off! #BTC走势分析
By yesterday, there were two CME gaps for BTC, one at 97000, which was filled after a surge yesterday, and one at 92500, which has not been filled yet. So what kind of trend can we expect around the data release? I predict that BTC will pull back to 92500 and then quickly rise, so 92500 is definitely a good buying opportunity.
Retail investors are always just the toys of the big players; for small cryptocurrencies, big players can summon retail investors at will and reap them repeatedly.
金色财经
--
Surging After Being Delisted by Binance: The Dealer's Extreme Manipulation of ALPACA
Jessy, Golden Finance
According to common logic, the delisting of a token by an exchange is a significant bearish signal.
However, this pattern was not perfectly replicated with the ALPACA token that was delisted from Binance on May 2. Initially, when the news of ALPACA's delisting came on April 24, it did experience a brief drop, but then over the next three days, its price surged more than tenfold.
By April 30, the price had increased nearly 50 times from when the delisting was announced. According to Coinglass data, the liquidation amount of ALPACA tokens reached $50 million in the past 24 hours, surpassing Bitcoin.
The lower level (the four-hour level I am using here) is nearing the end of the consolidation. I feel that it will first spike upwards and then pull back. Looking down at 92000, there is also around 88700. The neckline position is also at the 30-day moving average. If it can reach this point and then go up, it would be perfect! $BTC
Wait for it here at 12.4, buy when you get to the location, don't dawdle
加密-Sky
--
Bullish
Never talked about Trump, let's talk about him today. Trump's four-year term had too many things going on. From 77 to 7, this wave has already been completed and thoroughly washed, now we just need to wait for the team to take over. Currently, a slight pullback has reached the support level around 14.5, going forward, it depends on the Bitcoin situation, if Bitcoin breaks and stabilizes above 96000, Trump Coin will immediately rise to 17. If Bitcoin can't break through 96000, Trump Coin will have to pull back to 12.4, which is the neck line position, and also the position of the 60-day moving average, a good position to increase holdings. $TRUMP
You all say that the big pancake is hesitating at 96000, what does the dealer want to do? Everyone knows that 96000 is an important resistance level, failing to break through once, twice, three times; the market is all going short. When the market thinks it can't break through anymore, then a bullish candle pulls it up, harvesting liquidity?
Never talked about Trump, let's talk about him today. Trump's four-year term had too many things going on. From 77 to 7, this wave has already been completed and thoroughly washed, now we just need to wait for the team to take over. Currently, a slight pullback has reached the support level around 14.5, going forward, it depends on the Bitcoin situation, if Bitcoin breaks and stabilizes above 96000, Trump Coin will immediately rise to 17. If Bitcoin can't break through 96000, Trump Coin will have to pull back to 12.4, which is the neck line position, and also the position of the 60-day moving average, a good position to increase holdings. $TRUMP
1. Overall Analysis: BTC not reaching 96000 poses a short-term risk of a pullback. The market has completely surpassed the 200-day moving average, which is the so-called bull-bear dividing line. We absolutely cannot be overly bearish. For those who haven't entered the market yet, wait for a pullback to enter in batches. Don't fantasize about it dropping to 80,000 or 70,000. However, the premise is that there is an opportunity; it's possible that after some consolidation, it could go straight up, and then one would have to chase the upward trend. 2. Support Levels: The first support level below is 92000, and further down, a very important neck line is around 88765. Unless there is significant negative news, this level is unlikely to be broken in this round, making it a good entry point. Whether it can reach this level is another question. 3. Operational Advice: I do not recommend those who are trying to catch the bottom in spot trading to engage in high selling and low buying, especially for those holding altcoins. In the short term, altcoins are experiencing a crazy rebound, often rising by thirty or forty percent. If you dare to sell, they will dare to rise.
First, news is released about hosting a dinner, and the coin price rises. Then news is released that they will not attend, and the coin price plummets. Then more news is released about attending the dinner along with positive news. After that, Trump does not show up at the dinner, and finally, social media is flooded with videos of Trump attending the dinner. One wave after another, retail investors are harvested, and the big shots attending the dinner make a fortune...
BTC阿颖
--
Family, who understands! Trump’s cryptocurrency dinner is going to turn into a "no-show event"? The officials suddenly hinted that Trump might not come! If the dinner gets canceled, those big investors who bought coins just for the dinner can only settle for a limited edition NFT consolation prize. Here comes the key point — travel and accommodation costs have to be borne by themselves! So, after spending a lot of money on coins, they end up with just a virtual painting and still have to pay out of pocket? The community is in an uproar: "Is this your idea of politeness?" "What a letdown, but you’re still pretty nice!"
Aside from major black swan events like pandemics and wars, tariffs can only temporarily affect the price of the big pie. No matter how much Trump stirs things up, we are currently in a rate cut cycle, and promoting the return of manufacturing is essential; rate cuts are indispensable. So there's no need to panic; just manage your overall positions well. Control your positions in altcoins outside of mainstream currencies, and buy when appropriate. Rate cuts will eventually come, and the next trigger point will be the rate cuts.
The large descending channel of BTC (Figure 1) has breached several times without holding, and the current price is closely following the channel but still operating within it. On a smaller scale, there is oscillation between 83000-86000, not much to say, can go long at positions and can go short at positions, no operations in the middle range. However, I still anticipate a decline, dropping to around 80000, ideally bouncing back up from a maximum of 77000.