1. Several tokens from Binance Alpha crashed; I don’t know if it was the traders or the project team who directly withdrew the pool to dump. They have harvested money in three ways: one is retail traders acting as market makers adding to the LP pool, another is retail traders boosting trading volume, and the third is retail holders of these tokens. Daily trading volumes worth tens of billions typically come from these earlier tokens. Oh, I almost forgot, the market makers certainly opened contracts at high positions, and they made a large sum from contracts; the ones losing are surely those on the opposing side of the long positions. The project team has been happily collecting fees; why suddenly withdraw? My answer is simple: because alpha points have been tokenized, many are preparing to give up on trading, and they won’t earn fees anymore. So, helplessly, they can only launch a large wave to harvest everything and take the wealth home for a prosperous year.
This round of decline has ended, can the rise of the new week continue?
Let's get straight to the point. This week's market first rose and then fell, and the real upward trend won't arrive until the third quarter.
From recent market performance, the rise of most altcoins (excluding BTC) has mainly been driven by short squeezes.
Traders have formed a conditioned reflex from the previous rebound and started chasing prices — but this time there are no real 'strong holders' because most people have already been trapped.
Many tokens that surged strongly also experienced similar intense pullbacks. The rebound of ETH was unexpected.
The trading strategy is still primarily focused on short positions, as declines will come again in the coming days. Consider short positions around 106500 for Bitcoin and around 2625 for Ethereum. The target will initially look towards below 100,000.
In the near future, more attention will be paid to the primary market, as there may be greater opportunities. $ETH $BTC $BNB #以色列伊朗冲突 #美国加征关税 #MichaelSaylor暗示增持BTC
Market sentiment has recently rebounded, indicating an increase in optimism in the Bitcoin market.
However, this shift in bullish sentiment may suggest that the market is about to peak. As Bitcoin enters the greed zone, concerns about the asset being overbought have arisen.
Historically, this usually indicates that Bitcoin's price is about to peak, and a reversal may follow.
Moreover, the upcoming Consumer Price Index (CPI) report set to be released on June 11 (Wednesday) will have a significant impact on Bitcoin's macroeconomic dynamics.
The CPI for May is expected to rise by 0.2%, increasing the annual inflation rate from 2.3% in April to 2.5%. This increase may exacerbate market uncertainty, especially if inflation comes in higher than expected.
Additionally, recent market sell-offs have led to a more cautious wait-and-see attitude among investors. In fact, there has been an increase in the phenomenon of investors selling Bitcoin. Coupled with the release of CPI data, this could lead to an accelerated decline in the market
The release of non-farm data has led to a slight increase in U.S. stocks.
This has also driven the cryptocurrency market, providing an opportunity for short positions to enter.
Still steadily holding a short position in Ethereum.
Currently holding a 104.5k short position in Bitcoin; this rebound is expected to be below 106.5k.
The initial target is set below 100k; those who haven't entered can place a short at 105k, and since it's the weekend, liquidity will be relatively lower.
Personally, I am still holding the Ethereum short position, with the target still set at 2300. As for whether the market will change, I will notify the small group later.
Finally, with a slight rebound in the market, everyone should avoid blindly chasing long positions.
Ethereum falls beyond expectations, Trump and Musk clash in a public feud
Ethereum has dropped to the previous low support from mid-May, with a line price of 2410, exceeding the last overbought correction. A bullish divergence signal has appeared, but a bearish signal has yet to be triggered. The decline is sufficient, the position has been reached, but we cannot conclude that it is the 'bottom' yet. This is the fourth time selling has occurred.
Although this correction was somewhat expected, it ultimately resulted from the public feud between Trump and Musk causing the market to decline. However, I still believe that the two drama queens are just acting; in reality, they are on very good terms. Musk and Trump have an unbreakable alliance; nothing can sever their relationship. Currently, all the so-called verbal battles are for show, intended to create topics and increase public attention on them. This is merely a politicized influencer publicity stunt; after all, there will always be countless opinions during market downturns.
Finally, let's discuss the trading strategy for the market.
Observing the BTC daily chart, Bitcoin is showing a continuous downward trend, with this decline being the first to touch the 100,000 mark. Overall trend analysis indicates that a three-wave downward structure has been completed, and a downward channel has been established. In the four-hour structure, Bitcoin's bearish momentum is increasing, and the 100K mark is crucial. In the short term, attention should be paid to the stability of the support level below; if it breaks, further declines are expected. If the market rebounds to 104.5K, a short position can be considered, provided there are no other narratives pushing for an increase.
There is nothing particularly noteworthy in this market; ETH and altcoins are still following Bitcoin's lead. Just keep a close eye on Bitcoin's movements.
The main focus should be on the non-farm payroll data release tonight. If the data is good, the market may rise, and a rebound to yesterday's position is possible. Therefore, those currently holding positions should not be overly worried. If the data is too poor and the Federal Reserve does not step in to save the situation, the market will continue to decline. It is not recommended to buy spot assets right now; suitable bottom-fishing opportunities will be notified separately. Currently, the market is filled with short positions, so caution is still required. $ETH $MKR $ETH #特朗普马斯克分歧 #加密市场回调 #美国初请失业金人数
Small non-farm data far below expectations, the market has already given direction.
I believe everyone is already aware of the small non-farm data released yesterday, with an expectation of 130,000 and an actual result of just over 30,000, far below expectations. This may lead to similar results for the non-farm data to be released on Friday or further exacerbate the downward trend.
However, regarding the negative data, it presents a very good opportunity for us. If the market falls rapidly due to the non-farm data, for those who did not buy at the last bottom, this decline is your moment to buy in cash.
The current market situation is clear to everyone; Bitcoin has been sluggish since June, with little upward momentum. The rise from April 7 to the end of May lasted for over a month without much adjustment, and now it has finally come. I mentioned this earlier; after reaching a new high, one can short.
Ethereum is about to start an independent market trend, and the upcoming altcoins will enter a phase of purification!
Ethereum is about to start an independent market trend, and the upcoming altcoins will enter a phase of purification!
The first half of the year is nearing its end, and 2025 is officially entering the second half. Looking back at the entire first half of the year, it can only be described as 'bleak' — Ethereum, as the second largest in the industry with a market cap of over a trillion, saw its price plummet from $4,100 to $1,400.
Many altcoins are struggling to escape the fate of a drastic decline, with most coins experiencing drops of several times or even dozens of times, continuously setting new historical lows, and market sentiment has plunged into extreme panic. The market now almost uniformly holds a bearish outlook; even with Ethereum rebounding from $1,400 to $2,700 in May, few believe the trend can continue, and many expect a more severe decline after this round of increases.
The main players continue to sell, and shorting remains viable.
Currently, from the daily chart perspective, BTC is experiencing a volume decline, with a volume-reduced rebound. The rebound height will not be too high, and MACD shows a death cross, indicating a trend for further correction. The current rebound is merely a bait to attract buyers; short positions should be opened on the rebound. It is unlikely to reach 110,000 again soon, and BTC's correction is not yet complete, with repeated fluctuations downward. The upper pressure is around 109,000, and the lower support is around 100,000.
On the four-hour chart, MACD shows a golden cross, indicating a short-term rebound demand, but the volume is insufficient, so the rebound height will not be too high. It is recommended to open a short position at 106,500, with a stop loss at 107,500 and a take profit around 103,000. On the three-day chart, MACD shows a death cross, indicating a mid-cycle correction trend; short positions should be opened on the rebound.
Spring grows, summer declines, autumn rises, winter hides. There are cycles of ups and downs. The months of June, July, and August should be a time of downward fluctuations and market cleansing. Patience is required, as the right time to buy the dip in spot assets is in this season.
Here, it is also important to remind everyone that the cryptocurrency market is filled with uncertainties and challenges, but it also contains potential opportunities. Investors should fully understand the associated risks when participating in cryptocurrency investments, remain calm and rational, and adopt a prudent strategy to cope with market changes! $ETH $BTC $XRP #交易类型入门 #加密市场反弹