Led by Bitcoin, the trend indicators of most varieties belong to a pullback in a bullish trend, but caution is needed if the zero line is crossed. The duration and intensity of the adjustment need to be reassessed!
Control your position, and definitely do not use leverage.
In fact, if we look ten years ahead, the cryptocurrency market will head towards an even more brilliant future! You will realize how foolish it is to use leverage! If you think the cryptocurrency market can become the field you strive for your entire life, there is absolutely no need to use leverage!
A blogger said: Using leverage in the cryptocurrency market only shows that you have not seen the world! If you believe the market will rise, then just buy spot, and if you believe the market is in a bearish trend, then just stay out of the market.
Using leverage when the market is rising is certainly due to your greed, and using leverage when the market is falling is also certainly due to your greater greed!!
I thought it was going to form a double bottom pattern, but unexpectedly it is going for a sleeping wave structure! Deceptive guy, the form is ever-changing, returning to 0.155 and then continuing. #DOGE
九烨加密论
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The one that has dropped quite significantly among the mainstream is #DOGE , which has already broken below the 382 line and is about to touch the 50 line. From the bottom of 0.145U to 0.285U, it has basically doubled. From 0.285U to 0.2245 or 0.2145, the drop is 25%.
However, Bitcoin and ETH are still at a temporarily high level, with some room for further decline. This week is an adjustment week, and the opportunity to re-enter is gradually approaching.
The market drop is faster than expected; we should not limit by time but by magnitude. The recent main force cost line is 110K, and yesterday it tested the previous high point of 112K, preparing to take action.
九烨加密论
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Isn't there a feeling of you doing the first day and me doing the fifteenth? If you erase all the K-lines in between, it becomes a large bullish consolidation K-line pattern. If you still insist on shorting, you should be cautious.
#ENA , as a variety of interest for the Trump family, gathers the dual tracks of Defi and stablecoin protocols. The performance of this round may far exceed that of the previous round, and breaking the historical high is just the beginning.
The rebound yesterday was also extremely favorable, leading far ahead among many mainstream altcoins, truly leading by a wide margin. 😀
Isn't there a feeling of you doing the first day and me doing the fifteenth? If you erase all the K-lines in between, it becomes a large bullish consolidation K-line pattern. If you still insist on shorting, you should be cautious.
The one that has dropped quite significantly among the mainstream is #DOGE , which has already broken below the 382 line and is about to touch the 50 line. From the bottom of 0.145U to 0.285U, it has basically doubled. From 0.285U to 0.2245 or 0.2145, the drop is 25%.
However, Bitcoin and ETH are still at a temporarily high level, with some room for further decline. This week is an adjustment week, and the opportunity to re-enter is gradually approaching.
Trump's comments on tariffs superficially affected the brief plunge of B this time; a correction and a plunge are inevitable, but it will not affect the upward trend.
The short-term test of the SOL/DOGE neckline confirms the validity of the breakout, laying the groundwork for a strong mid-term market. If there is no correction, it will inevitably leave hidden weaknesses.
De-leveraging in a bull market must accompany the entire bull market cycle, especially with leverage above 20 times; later, leverage above 3 times will also be addressed.
Saying the Bitcoin bear market has begun, many people will not believe it! Saying the Bitcoin bull market has ended, there will similarly be a plethora of bullish logic.
The essence of financial trading is harvesting, which is also the original sin, destined for a very small number of people to make money while the vast majority lose money; this is the foundation on which the trading market survives.
The impact of the theft has ended, prices are rising sharply, the bull market faces many twists and turns, theft is an occasional event, but for the main players, it is an opportunity to clean up the chips.
Binance News
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Cetus Encountered a Smart Contract Attack, Urgently Freezing Hacker Wallets to Protect the Ecosystem
According to ChainCatcher, on May 22, Cetus encountered a smart contract attack targeting the CLMM liquidity pool. The attacker exploited a vulnerability in an open-source library to depress the pool price and extract assets. Cetus has taken measures to mitigate the impact.
With the support of most Sui validation nodes, Cetus has urgently frozen two Sui wallet addresses of the attacker. The remaining funds have been exchanged and cross-chain transferred to the Ethereum mainnet.
Cetus is cooperating with the Sui security team and auditing agencies to review the contract, ensuring safe recovery services. Cetus will strengthen monitoring, initiate additional audits, and release security reports, as well as develop recovery plans to compensate affected LPs.
The passage of the stablecoin bill will, in the long run, boost the crypto market significantly, but Bitcoin will rise in a spiral manner, accompanied by huge volatility. I advise everyone not to use leverage.
To get a share in this market, one should honestly hold spot assets; leverage and ETFs will be the tools for Wall Street to collaborate with the government for harvesting.
The performance of the weekly MACD energy bars has shown only one deviation since 2020. BTC reached a new all-time high yesterday, continuing its bullish trend. If one still focuses solely on shorting, that is quite bold.