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As the inflow of ETFs increases and the circulation at low points decreases, the entire market seems less decentralized.
In fact, from a price perspective, you should be able to feel that there are suspicions of manipulation, and the market is dragging the price down. $BTC $ETH #币安Alpha上新
The ETH market trend often operates independently from Bitcoin, with significant volatility characteristics: it can exhibit strong independent performance or experience unexpected declines.
After a spike and rebound around 2450 yesterday, if it effectively breaks below this level, the downward target will point to the 2260-2320 range.
Key intraday support to watch is in the 2400-2450 area, while resistance is expected in the 2560-2600 range (corresponding to Bitcoin's 106-107 level). $ETH #美国加征关税 #CPI数据来袭
Weekend Highlights: The current BTC market is once again retesting after reaching the resistance range of $106,000-$107,000. Although there was a rebound on the four-hour level, the momentum is clearly weaker than last Friday's performance, indicating a lack of strength from the bulls. Short-term resistance is clearly positioned at $106,000-$107,000; if it cannot break through, it is likely to continue to decline.
The first support to watch is the $102,000-$103,000 range. If it breaks below, the market focus will shift to the key psychological level of $100,000.
Once the $100,000 level is lost, the downside potential will further open up, targeting the range of $92,000-$96,000, at which point bears may accelerate their dominance in the market $BTC #币安Alpha上新
BTC closed lower on the daily line yesterday, but with significant upper and lower shadows, indicating support from buy orders below. However, current buying is mainly driven by institutional liquidity, with insufficient willingness from retail investors to follow suit.
Once this portion of buying pressure is digested, the market will enter the next round of decline. ETH experienced a deep pullback to 2450 yesterday before rebounding over 100 dollars, and the previous recovery has been completely absorbed, with bullish momentum clearly waning.
In the short term, the weekend is likely to maintain a fluctuating pattern, reserving space for a rebound on Monday. The key point will be next week—if BTC effectively breaks below the 100,000 mark, ETH will follow suit and break downwards, at which point we will enter our preset layout range. $BTC #以色列伊朗冲突 ##美国加征关税
Yesterday's counterfeit was a brave advance through turbulent waters, with at least a decline of five points, while the rest saw declines of 10 points, 15 points, and over 20 points.
However, most partners did not benefit from this, which is quite regrettable, and there are also quite a few who took long positions! $BTC $ETH #加密市场回调
The greed index for the stock market is 62°, and the greed index for the cryptocurrency market is 71°.
The daily consolidation is still ongoing, which is also why I am hesitant to analyze short-term candlesticks; there have been too many false breakouts at the daily level.
In the short term, you really don't know which time will be the true breakout. #加密市场回调 #以色列伊朗冲突
The ETH market saw a significant decline today, with a drop of over 10%.
It is currently approaching the critical support level of $2450 (previous low overlap). At the four-hour level, key attention should be on the resistance in the 2500-2550 range, before considering further declines.
The current focus for the second round remains unchanged, mainly paying attention to the 2000-2200 range below.
BTC price has once again fallen back to the range of 103,000-104,000. Yesterday, the price slightly rebounded after reaching the first support level of 106,000-107,000.
However, it directly broke through the key level of 106,000 in the early morning, accelerating the decline to the current position.
In a normal ratio, such a level of decline could usually directly breach the 100,000 mark. Today, we will focus on whether we can hold the support range of 98,000-102,000.
If it fails to hold, the next target will look towards the 92,000-96,000 area. Although the probability is relatively low, it can be observed! $BTC #加密市场回调 #美国加征关税
The market arrives on schedule; today a big bearish candle directly knocks those who chased the rise back to reality. Just two days ago, people were shouting about a bull market, but today and tomorrow they might start singing bearish tunes—this is the cruel humor of the market.
The same group of people cuts losses at the bottom, chases the rise during rebounds, and turns bearish after the market drops. One day, one direction; emotions fluctuate more violently than K-line charts. Just two days ago, some were swearing they had misjudged, but today the market teaches them a lesson.
Don't blame the CPI data, don't blame the unemployment benefits; the market only cooperates a bit, just to harvest better. The market is never wrong; it is always the indecisive heart that is mistaken.
Remember, when everyone starts shouting in the same direction, it is often the moment the trap opens. The ultimate cultivation of chives is not to predict the market, but to recognize oneself. $BTC $ETH #美国加征关税
Why must we let the market validate? For the past few days, Brother Jiu has been saying that the market is about to start a correction, so don't chase after long positions for now, and more importantly, don't let everyone try to bottom fish in the spot market.
Brother Jiu already advised everyone to start liquidating their spot positions on the 15th of last month, and was reducing positions even a few days ago, but not many people seemed to hear him.
Now everyone is trapped and comes to ask Brother Jiu what to do. First of all, a market trend will definitely come; this is beyond doubt. This time, be sure to listen carefully to Brother Jiu's layout! $BTC $BNB #加密市场回调 #CPI数据来袭
In the early morning, a wave of decline caught us off guard, as I mentioned to everyone yesterday, the rebound market has already declared its end, and even if you didn't short to make a profit, you shouldn't go long either.
This wave of ETH's rebound space is indeed quite large, basically close to a rebound decline of about 300 dollars, with the price dropping to the lowest point of around 2450.
We successfully arrived at the range position of 2450 that we mentioned! $ETH #以色列伊朗冲突
Old vs New Issues: There has always been a saying in the cryptocurrency market that new projects are favored over old ones, which was particularly evident in the last cycle.
At the end of 2020, the top twenty in the cryptocurrency market were still filled with LTC, BCH, BSV, XLM, XMR, EOS, NEM, and other projects that many people probably no longer understand.
As a result, a large number of new projects emerged in the last cycle, quickly pushing these historical old projects out of the market rankings.
However, there are some differences in this wave. On one hand, many new projects have emerged, and well-conceived narratives with good teams are making things happen.
On the other hand, many projects that shone brightly in the previous cycle have undergone a cycle of life and death and are now blossoming again, like SOL, BNB, AVAX, UNI, NEAR, FTM, GALA, YGG, UNI, STX, etc. It seems they have embraced new narratives, and their teams are also actively striving for success, with market capitalizations that are impressive.
It is therefore difficult to expect that new projects in this cycle will replace old projects as obviously as they did in the previous cycle, as many old projects are still very competitive.
Everyone is looking for the reason for today's callback. Clearly, last night's CPI was good, but it can't stop the scriptwriting. Still don't understand how this thing goes up and down just by talking.
As I mentioned the day before yesterday, it started with Trump publicly pressuring Powell, causing the market to reprice the probability of a summer rate cut.
Then, as expected, another downward script is about to be written! $BTC #美国加征关税
After ETH broke out early yesterday morning, it closed with a golden needle candlestick at 8 AM, signaling the end of the rebound trend.
As Bitcoin retraces from its high, ETH will enter a phase of following the decline— the deeper Bitcoin falls, the larger the downward adjustment space for ETH.
Don't be misled by short-term surges; the euphoria among the bulls has clearly faded. As representatives of the bears, there's no need to be pleased with today's slight pullback; maintaining calm is key.
Currently, focus on the 2660-2700 support zone. If 2660 is lost, the price will return to the 2400-2500 range.