🧧👇Yesterday (Sunday) we executed a total of 2 contract strategies, taking profit on 2 orders and hitting 0 stop losses. The first order was a long position on Ethereum with a cost of 2505, ultimately taking profit on 50% of the position in the 2520~2530 range, then moving to a breakeven exit. Using 50x leverage, the profit was around 50%. The second order was a short position on Bitcoin with a cost of 104500~104700, and before sleeping, I took profit on the entire position at 104000, using 100x leverage, with profits in the range of 50%~80%.
Summary: The bullish trend has not yet been broken; the most dangerous and exciting market action is from Monday night until the next morning. The volatility of Bitcoin and Ethereum on Sunday was not significant, especially after Ethereum's attempt to break 2600, it did not continue to reach new highs. It is important to pay attention to the CME gap support at 2388 for Ethereum and the spot buy support at 2118, but these levels are for future reference. For Bitcoin during the day, 103688 is still the first support level, but it cannot break through; if it does, the second support level is directly at 102000, with extreme support at 99000+. #BTC交易 #交易故事 👉返佣今天发
Recently, the cryptocurrency market has experienced remarkable changes, with Ethereum's market cap surpassing that of the traditional consumer giant Coca-Cola. As of May 9, 2025, Ethereum's market cap reached $303.5 billion, successfully overtaking Coca-Cola and rising to the 40th position in the global asset market capitalization rankings.
Following the successful implementation of the Pectra upgrade on May 7, the price of Ethereum surged significantly. From May 8 to May 10, Ethereum's price increased by over 40% within 72 hours, soaring from $1,811 to $2,597.68, with a peak increase of 43%. As of May 11, Ethereum's price fluctuated around $2,540, with a cumulative increase of 39.62% over the past week.
This round of growth is primarily attributed to factors such as technological upgrades, a 'short squeeze' market, and improvements in the macroeconomic environment. The Pectra upgrade introduced important improvements such as a higher staking cap and account abstraction (EIP - 7702 standard), enhancing the usability and flexibility of the Ethereum network, reducing network fees, and instilling confidence in investors. At the same time, starting from May 8, the Ethereum futures market witnessed a 'short squeeze', with large-scale short positions being liquidated, forcing short sellers to buy Ethereum to cover their positions, further driving up the coin price. Additionally, easing global trade tensions, the new trade agreement between the US and UK, and high-level economic talks between China and the US boosted market risk appetite, creating a positive atmosphere for the cryptocurrency market, including Ethereum.
In the past, Coca-Cola, with its vast global consumer market and stable performance, held a long-term high market cap position. As an important representative in the blockchain field, Ethereum has continuously evolved and innovated since its inception, especially in the application of technologies like smart contracts. This market cap surpassing reflects the vigorous development of the cryptocurrency market and investors' high recognition of Ethereum's future potential. The recent Pectra upgrade of Ethereum introduced key improvements such as a higher staking cap and account abstraction, enhancing network performance and user experience, which greatly propelled its market cap growth. This phenomenon also indicates that the digital economy and traditional physical economy are undergoing profound changes in market cap dynamics.
doge (WIF) price is experiencing positive indications of recovery following a significant downtrend since December 2024. Moreover, the WIF price analysis points to a possible bullish reversal in progress.
The price action shows that WIF declined sharply from its December peak of about $3.50 and reached a low of around $0.28 in March-April 2025. However, May has brought a significant change in the price structure as WIF witnessed a significant recovery from its recent lows.
$DOGE Analysts have mixed views on where Dogecoin (DOGE) might be heading in June 2025. More conservative, estimating an average $0.29. More bullish, projecting average price just over $0.51. More optimistic, expecting the average $0.72. These varying forecasts reflect the uncertainty in the crypto space, driven by shifting market sentiment, investor behavior, and how widely Dogecoin continues to be adopted.
#AltcoinSeasonComing Price of PI attempts to break through. The price of the Pi network has risen by 27% and is trading at $0.73. This altcoin is holding above the support level of $0.71. Currently, it is heading towards breaking the barrier that has lasted for a month at $0.78. A successful breakout could indicate ongoing upward momentum and may push the price to new highs. If the Pi network succeeds in reversing the resistance level of $0.78 to a support level, the next target would be $0.87. This will be a vital level to ensure the current increase and boost investor confidence, helping the Pi network maintain its upward trend. #AltcoinTrade $BTC
#AltcoinTrade However, if the resistance level at $0.78 is very strong, the price may reverse and fall below $0.71. A drop to $0.61 will render bullish expectations ineffective, indicating a potential decline for the Pay network. #TradeOfTheWeek $BTC
The overall momentum of the Pi Network is also supported by the Chaikin Money Flow (CMF), indicating a strong upward trend. This suggests that Pi is experiencing strong cash flows, as investors seek to capitalize on the current bullish environment. An increase in CMF indicates a shift in investor confidence as more capital is directed towards the Pi Network in hopes of making profits as this alternative currency develops robustly. With CMF showing positive movement, the Pi Network has the potential to rise further. Strong market demand enhances the positive sentiment, which may allow the Pi Network to surpass important resistance levels and continue its upward trajectory. 23425189458 90917340889 07667023762