Don't rush, don't rush, really don't rush to enter the market. BTC hasn't stabilized for an hour, MACD hasn't golden crossed nor has it dipped, today has been a steady decline. There is still a risk of further decline, it's too early to buy the dip now. Wait for the right-side signal to appear, it's not too late to enter then.
if you can lie down, just lie down, don't impulsively chase more.
This wave on the daily chart indeed has a need for adjustment,
I'm still continuing to short today, there's not much of a pattern, just take the profits and withdraw.
To be honest, I feel uneasy about dealing with this coin, after all, when it goes crazy, no one can withstand it, and if you're not careful, you'll end up being the one picking up the pieces.
The pancake has been hovering at a high level for a long time, and the daily line is about to reach the MACD change point, so a short-term direction needs to be chosen soon. There is some support from moving averages around the 2-day and 3-day lines, probably around 102000, and the daily line's movement will also affect the closing of these several cycles. So the change point is in the next few days.
But the problem is that the indicators are still diverging, and most have started to move downward, with Ethereum clearly weakening on the 4-hour chart, and the US stock market is also beginning to tire.
Although Trump is still calling out trades at a high level, whether in the stock market or cryptocurrency, the market's reaction has been very limited; he might be quietly offloading himself.
To summarize: The probability of a downward movement after a high-level oscillation is increasing, so caution is needed.
The DeFi project $SAROS in the Solana ecosystem has quietly increased 10 times in the past two months, which can only indicate one thing: the main players have completed their accumulation and are now starting to create a 'retail investor entry' market. The key is that not many people are buying now, so they can only continue to push prices up to attract attention, and we just follow the trend and get on board.
As for $PI, it dropped 30% in one day, directly causing my short position to get liquidated, leaving me heartbroken 😭.
By the way, just a reminder, there are several projects scheduled for large unlocks next month, and it is expected that there will be some 'staking reward' activities to attract everyone to lock up their assets, likely leading to a prolonged decline afterwards. This tactic has been seen too many times, and it's too familiar.
Recently, the former U.S. Secretary of State Blinken directly criticized during an interview: Trump only respects those hardline leaders.
He said that in Trump's eyes, Europe looks weak and disunited, so it is hardly taken seriously. Blinken also sent a message to European leaders: if you want the White House to take you seriously, you need to show some toughness!
Blinken's original words were roughly:
"I think when Trump looks at the world, he mainly focuses on who is stronger and who is tougher. He appreciates countries or leaders who can 'make a strong impression.' To be honest, he sees Europe as weak, not united, and lacking in strength. So if Europe really wants to become important in Trump's eyes, it needs to be more united, have common goals, and be tougher. Only then is it possible to be taken seriously."
In summary: Trump's way is 'I listen to whoever is tough'; if Europe wants to catch his attention, it needs to build some muscle first.
Are there any major upgrades in Ethereum technology? No. Is the on-chain ecosystem particularly prosperous? No. Did the GAS fees soar and start a major deflation? Even less so.
But it still rose. Why? Because the cryptocurrency market really has little to do with the fundamentals, the core is three points: capital flow, consensus, and macro easing. As long as these three come your way, it's hard not to rise.
Here's a cold joke: Everyone likes to look at the long-short ratio, right? Ethereum skyrocketed, and the long-short ratio is still ridiculously high; When it falls, it's high; when it rises, it's also high. The more people watch, the easier it is to go in the opposite direction.
At noon, the meme wave earned over 60%, but I didn’t hold on and ended up losing money instead. What’s even more ridiculous is that I went long on neiro and lost the most.
MUBARAK's recent increase is actually just benefiting from the market trend; in the short term, it doesn't have any independent movement logic. Unless CZ comes out again to 'support with a white cloth' and makes a call, otherwise, we still need to see the overall market warm-up to have a chance to break even. From the daily chart, there have been several spikes, and the battle between bulls and bears and spot trading is very intense. It has risen a maximum of 150% from the bottom, so it's quite normal for many people to take profits and exit. As for wanting to break even at a cost of 0.1, you'll have to wait for time to gradually push it. To really want to see a bigger market trend, we need to break through the 0.072 level first.
ETH has started to rise, Sun's wallet is probably getting fat again, is TRX going to move as well? After all, it has recently been associated with some conspiracy theory traffic involving 'Little Trump', it wouldn't make sense not to do something.
I remember previously voting for this Alpha's $SIREN to go live on spot on Binance. At the time, I didn't think much of it, but today I looked and it actually skyrocketed, not only did it rise four to five times from the bottom, but it even surged to a new historical high, with a market cap reaching 100 million! Moreover, it seems that there are still expectations for more spot listings brewing.
This wave is really impressive, indicating that a bull market has indeed arrived, even something like this can soar. Now is not the time to think about shorting at the peak; everything is rising, so don't jump off the train early yourself! 🥳
Binance Long/Short Ratio 0.63, BTC bears dominate, and the number of bears has decreased slightly compared to yesterday. Sentiment Index: 70, the market is somewhat greedy. Altcoin Popularity Index: 27, quite quiet.
MUBARAK has finally broken through the old range after holding back for a long time, confirmed with a pullback and has started to push upwards again! The meme sentiment is quite high right now, and there's still action in the short term. Continuing to be bullish is not a problem.