Image Daily Chart 1) BTC is currently in a bottom consolidation phase, but the exact bottom position cannot be determined. Long-term investors can gradually buy between 7W8-6W8, and dollar-cost averaging players can start their investments. 2) The daily market trend is still a downward trend, pay attention to testing the bearish order block for shorting. 3) Yesterday, it tested 841 again, and it is still the case that only if it stabilizes above 841 can we look upwards. First, watch for a raid on 87, then look for an order block test at 90. 4) Remember, the current phase is a downward trend. Going long is a gamble on a rebound, and when going long, it is essential to set a stop loss properly.
H1 Chart 1) Since it has broken out, we look at it according to an upward trend. Here, a pullback to the order block is a buying opportunity, with a stop loss below. 2) The next target is 87 BSL raid.
📢 Pal Information Bulletin & Insights 3.15 1. Government Encryption Policies
1) Brazil Proposes Cryptocurrency for BRICS Trade Brazil plans to simplify international financial transactions of import and export contracts among BRICS (Brazil, Russia, India, China, and South Africa) member countries by utilizing blockchain technology. This topic will become one of Brazil's priorities during its rotating presidency.
2) Argentina Finalizes Regulatory Rules for Virtual Asset Service Providers The Argentine National Securities Commission (CNV) has officially approved General Resolution No. 1058, establishing final regulatory guidelines for Virtual Asset Service Providers (VASP).
3) Russia Conducts Oil Trade with China and India Using Cryptocurrency
Pal Note: Trump Influence +1, countries are starting to pay attention.
2. Institutional Attention 1) Wall Street Bets on Strong Return of Cryptocurrency At a futures industry conference held in Florida this week, traditional financial executives have shifted their attitudes towards cryptocurrency and begun exploring business cooperation with cryptocurrency companies. The Trump administration's support for digital assets has boosted Wall Street's confidence, with companies like Citadel Securities, Chicago Mercantile Exchange Group, and Intercontinental Exchange planning to increase their presence in the cryptocurrency space.
2) Goldman Sachs Acknowledges Importance of Cryptocurrency in Shareholder Letter Goldman Sachs mentioned cryptocurrency in its annual shareholder letter, acknowledging its increasingly important role in financial markets and competition.
Pal Note: Trump Influence Continues +1, full confidence in cryptocurrency, long-term positive outlook.
3) Financial Organization Supported by Trump Denies Negotiations with Binance The Wall Street Journal reported that the Trump family had discussed purchasing shares in Binance's US subsidiary. Bloomberg also stated that World Liberty Financial was in negotiations. Pal Note: No smoke without fire, estimated that Binance US will belong to American capital.
4) US Congressman Plans Legislation to Ensure Bitcoin Reserve Policy US Congressman Byron Donalds plans to submit a legislative proposal to formalize the executive order signed by the Trump administration this month, aimed at establishing a strategic Bitcoin reserve and US digital asset reserve. If passed, this bill will ensure that the policy cannot be revoked by future presidential executive orders.
Pal Daily Market Brief - #BTC 3.14 🔥 Daily Chart 1) BTC is currently in a bottom consolidation phase, but the exact bottom position cannot be determined. Long-term investors can gradually buy between 78K-68K, and regular investors can start dollar-cost averaging. 2) The daily market trend is still a downward trend, focusing on testing bearish order blocks for shorting above. 3) The current market is fluctuating around the weekly range, specifically between 775-841. Only if it stabilizes above 841 can we look upwards, first targeting 87 for a potential grab, then observing for a test of order block 90. 4) Remember, the current phase is a downward trend; going long is merely betting on a rebound, and it is essential to set a stop-loss when going long.
H1 Chart 1) Currently, after grabbing MH 841, the market structure is in a fluctuating downward phase. 2) Here, focus on testing 79 SSL below, and stabilizing above 841 for continued testing of 87 BSL. 3) Currently, it is fluctuating in the middle; it is advisable to operate cautiously at the hourly level. In terms of the downward trend, if 84 tests a bearish order block and refuses to distribute, consider shorting with a stop-loss on breakthrough.
#BTC Currently 2 scripts, which one do you choose? 1) Continuously test the liquidity acquisition at 80 ob, then wait for a big wave, go to hit 87 liquidity, and then look at 90 to test the bearish ob. 2) Plundered 841 and completed this week's task, currently in a downward structure, continue to oscillate, go down to hit 79, and then test 775 again.
Pal Daily Market Brief - #BTC 3.13 1. Global trade tensions escalate, putting pressure on market sentiment, with a new round of tariffs potentially implemented on April 2. The 25% tariffs on steel and aluminum that take effect today have prompted a countermeasure from the EU, which plans to implement €26 billion (£22 billion) in tariffs starting in April. 2. Cryptocurrency market dynamics: The SEC has postponed the approval of XRP, SOL, LTC, ADA, and DOGE ETFs until May and will hold a cryptocurrency regulatory roundtable on March 21 to discuss the classification and regulatory framework for crypto assets. 3. Bitcoin ETF sees a net outflow of $154 million, with GBTC selling 641 BTC (worth $56.45 million) in a single day, indicating a growing cautious sentiment among institutional investors. 4. Russian banks allow investors to purchase cryptocurrency on a "limited" basis.
1. BTC
Daily Chart 1) The SSL liquidity at 785 has been siphoned off, and it remains in a downtrend; I don't know where it will drop to, and I don't want to panic. 2) My expected target has always been to look at the OB position; I have always said long-term players can slowly buy between 78,000 and 68,000, and those who dollar-cost average can also start investing. 3) Last night's CPI news siphoned off MH liquidity upwards; here we need to see if it can stabilize and continue upwards to test the 87 BSL and 90 bearish OB. 4) If it can't stabilize, then it will continue to oscillate around the weekly range.
H1 Chart 1) Currently, H1 is experiencing oscillating upward movement; yesterday's morning report mentioned that around 805 is a buy point. I don't know if you all bought in yesterday. 2) Currently, I believe the market is building bearish liquidity around 84; those opening shorts around 84 are just waiting to be liquidated. For us, a pullback remains a buying opportunity. 3) Pay attention to the H1 bullish OB around 82 for accumulation buying on the pullback. 4) But note that there is an EQL at 806, so it’s necessary to confirm opening orders to prevent being siphoned off.
Daily Chart 1) Here, 785's SSL liquidity has been plundered, and it is still in a downtrend, I don't know where it will drop to, and I don't want to panic. 2) My expected target is always to look at the OB position first. I have always said that long-term players can slowly buy between 78K and 68K, and dollar-cost averaging players can also start investing. 3) Here, after the current plunder, there is an upward rebound; at least the upper 84 position FVG needs to be filled, and we will continue to look at the bearish OB test above. 4) The core tonight is CPI; as long as CPI is less than or equal to 2.9%, it is bullish. If it is greater than or equal to 3, then it will continue to drop, but the probability of this is low.
H1 Chart 1) The current market is showing a volatile upward trend; the pullback to the OB for accumulation is a buying opportunity. Pay attention to trading opportunities here at 805, combined with tonight's CPI. 2) If the OB breaks down and CPI is unfavorable, then we need to be cautious about continuing to make new lows, so when going long, be sure to set a stop loss.
Pal talks about the current events from yesterday and the outlook for the upcoming market.
1. Definition: The crypto circle has been changed by Trump. Satoshi Nakamoto does not appear, so decentralization exists, and now Trump directly controls the market with super influence and a unique identity.
2. It has been said that the current market is fundamentally speculation on expectations. Yesterday it was mentioned that the crypto summit on Friday where Trump speaks is the biggest expectation for a rally. The March monthly report mentioned the rebound; the 89.97 position basically went straight to it. Shouting to buy the dip for XRP and SOL is also the strongest. This is Trump's influence. The current expectation in the crypto circle is Trump and interest rate cuts.
3. Data BTC inflow was 500 million last night. The main buying concentrated from 0:00 to 2:00.
Everyone, please be responsible for your own capital. Don’t be a fool or idiot in the market. You need to clearly understand the state of market operations with every trade, the logic behind your trade, where your take profit and stop loss levels are, and whether your risk-reward ratio is reasonable. PS: Do not blindly follow me, do not think that what I say is correct. I can't achieve 100% accuracy; after all, this market is extremely easy to manipulate. Respect the market, respect the market, respect the market. Analysis is like a weather forecast. I hope everyone can learn and then share their own views with me for mutual progress.
Yesterday's classic long and short explosion Short positions exploded by 189 million, long positions by 223 million. No matter who pays the price for the #bybit theft. But yesterday was another day of retail losses~
1) Using the February 3rd candlestick as the range, this essentially marks the high and low points of February. Currently, the market is oscillating around Eq 970. Watch the market accumulate here; if it maintains oscillation above eq and moves upwards, there will be an opportunity to raid bsl, looking towards 103. However, if it oscillates below eq, then continue to pay attention to downward raids testing 91 and 89.
2) We can see that after raiding 94, it returned to EQ, indicating that we are still in a oscillating raid market. Currently, the liquidity in the lower area has been raided, so we need to focus on upward raids, targeting the testing of pwh. If it can break through pwh here, pay attention to the pullback to stabilize eq and continue upwards. But if pwh rejects or just spikes in a raid, then be cautious of continuing downwards.
H1 Chart 1) We can see that after raiding pwh, it is experiencing an oscillating rise. Last night it pulled back to ob to recover liquidity and then moved upwards. Here, MH will wait to be raided first, and then observe the reaction to falling ob. 2) If it pulls back to H1 and sees bullish ob, one can look for buying opportunities to accumulate, and then continue to observe the oscillating rise, targeting PWH. 3) Pay attention to the price reaction after raiding pwh above.
Currently, the market is still in an oscillating raid situation; medium to long-term players are not advised to participate, and short-term players should be cautious and act quickly.
News Highlights: 1. Federal Reserve's Daly believes cryptocurrencies are an emerging industry that needs to encourage innovation. 2. The Salvadoran government continues to increase its Bitcoin holdings, currently holding 6,081 BTC. 3. OKX has obtained the MiCA license and can operate legally in Europe. 4. Coinbase has launched Solana and Hedera futures contracts, compliant with CFTC regulations. Daily Chart
1) Taking February 3rd K-line as the range, this is basically the high and low point of February, the current market is oscillating around Eq 970. Watch the accumulation here; if it maintains an upward oscillation above eq, there is a chance to raid bsl, looking at 103. But if it oscillates below eq, then continue to pay attention to the downward raid testing 91 and 89.
2) A raid has already been made on the liquidity at 94; if it continues to break below 94, then it will further move down. Currently, the downward trend is still in effect, and focus on the testing of the 912 range—L and 89 ssl below.
If 94 does not break, then it will continue to oscillate, but long positions must be cautious, as making long trades in this market is merely betting on a rebound; the trend is downward.
H1 Chart
1) Downward trend, EQL + ML and 94 positions eql + pwl have already completed the raid; currently, it is just a rebound, unable to stabilize at 968, still in a downward trend. Continue to look at the testing of range-l 912 below.
2) The rebound here can only be a bet; I do not recommend making trades at the moment. If it can break upwards and stabilize at 968, then we can continue to expect a test near 988 pwh, but the distribution still presents short opportunities. Moreover, I would prefer a rejection here. If it comes back down and returns to 94, if it stabilizes and oscillates, there is a certain probability of moving upward, but the rebound can only continue to look at the testing of range—Eq 968 position.
3) It is recommended to be cautious with long positions; primarily focus on shorting during the rebound.
Daily Chart 1) Taking the February 3rd candlestick as the range, this is basically the high and low for February, and the current market is oscillating around Eq 970. Keep an eye on the market accumulation here; if it maintains oscillation above eq, there will be an opportunity to raid bsl, looking at 103. However, if it oscillates below eq, then continue to pay attention to the downward raid testing 91 and 89.
2) Currently, the market is oscillating below eq, so let’s first look at raiding ssl + ml + eql here, as there is too much accumulated liquidity.
3) In the short term, look at 94 where ML raiding will react to the price; if the overall continues to oscillate, there might still be a short rebound here, see if it can push up to hit MH. But if it breaks down and continues downward, then the blue range interval range——L needs to be raided, pay attention to raiding 89 ssl.
H1 Chart 1) As mentioned yesterday, if it can’t break through 973, it will continue downward.
2) Here, we see EQL and the 94 position, eql + ML are both waiting to be raided, so for now, let’s look at the liquidity raiding below. 3) Pay attention to whether the raid continues downward or if it will raid upward.
📢Pal News Bulletin ——2.18 1. Musk Leads DOGE Audit of SEC According to an official announcement, Elon Musk's Department of Government Efficiency, DOGE, will audit the U.S. Securities and Exchange Commission (SEC) to investigate potential waste, fraud, and abuse.
2. Federal Reserve Has No Plans for Digital Dollar Federal Reserve's Harker stated that there are currently no plans to launch a Federal Reserve digital dollar, as it requires Congressional authorization.
3. Federal Reserve's Hawkish Remarks Lead to Capital Outflow
Global crypto investment products experienced a net outflow for the first time in five weeks, with $415 million leaving last week. Research director James Butterfield noted that the Federal Reserve's hawkish remarks and the latest CPI data triggered the capital outflow.
Pal's Note: Following the trend, currently no market still shows a downward trend.
4. Standard Chartered Plans to Issue Hong Kong Dollar Stablecoin Standard Chartered Bank, Animoca Brands, and Hong Kong Telecom are partnering to issue a Hong Kong dollar-backed stablecoin. This move comes as Hong Kong prepares to pass a legislation regulating stablecoins.
Pal's Note: Long-term positive, short-term just watch.
5. Zhao Changpeng Denies Binance Sale Rumors Binance founder CZ (Zhao Changpeng) stated on Twitter that the rumors regarding the sale of Binance (CEX) are “nonsense.” He clarified that as a shareholder, Binance is not for sale, and indicated that top investors have always been interested in Binance, and in the future, a small amount of equity investment (a single-digit percentage) may be allowed.
Pal's Note: How could such a gold mine possibly be sold? If it were truly for sale, it would definitely be threatened. The most likely scenario is transferring shares to benefit the West. And that is quite a bit.
📢Pal News Flash ——2.17 1. Argentine President Milei Accused in Token Scandal
Pal Note: The on-chain market has entered the bubble burst phase, celebrity coins are a scam, protect your money well.
2. Significant Net Outflow in US Ethereum Spot ETF
The US Ethereum Spot ETF saw a cumulative net outflow of $26.3 million last week. Pal Note: ETH is trash, let's see below 2100.
3. Goldman Sachs Discloses Holdings in GBTC Trust Fund According to regulatory filings submitted to the US Securities and Exchange Commission, in addition to increasing holdings in BlackRock and Fidelity Bitcoin ETFs, Goldman Sachs also holds $3.6 million worth of Grayscale Bitcoin Trust (GBTC). According to official data from Grayscale, as of February 14, the Bitcoin holdings in GBTC have decreased to about 200,000 coins (200,118.5305 BTC), with a market value of $19.45 billion.
Pal Note: Grayscale is always dumping, once Grayscale starts buying, it might signal a bottom.
4. This Week, 5 Crypto Projects Will Unlock Tokens, Releasing a Total Value of Approximately $120 Million.
On February 17, APE will unlock approximately 15.6 million coins (about $10.95 million), accounting for 1.56% of total supply;
On February 19, PIXEL will unlock approximately 91.18 million coins (about $5.98 million), accounting for 1.824% of total supply;
On February 19, ENA will unlock approximately 12.86 million coins (about $5.77 million), accounting for 0.086% of total supply;
On February 21, FTN will unlock approximately 20 million coins (about $78.8 million), accounting for 2.0% of total supply;
On February 21, IMX will unlock approximately 24.51 million coins (about $19.45 million), accounting for 1.226% of total supply.
5. Key Events to Watch This Week:
On February 17, US Presidents' Day, US stock markets will be closed for a day;
On February 18, Consensus Hong Kong 2025 event opens;
On February 18, FTX begins its first repayments;
On February 20, US initial jobless claims for the week ending February 15;
Pal Note: Pay attention to the volatility caused by FTX repayments.
I. Daily Chart 1) After the raid at 110,000 above, the current trend is a volatile decline. Here, the lower 89 eql and other low points accumulate liquidity waiting for the raid.
On the daily level, look for shorting opportunities after raiding bsl103 above. Below, look for bullish ob absorption rebound opportunities, which is around 86. However, from a long-term trend perspective, the large fvg below ob will definitely also be raided, but ob still looks for rebound opportunities first.
2) Taking the February 3 K line as the range, this is basically the high and low points of February. The current market is oscillating around Eq 970. Let's observe the market accumulation here. If it maintains an upward oscillation above eq, then there is a chance to raid bsl, looking at 103. But if it oscillates below eq, then continue to pay attention to the downward raid testing 91 and 89.
Currently, it has stood above 970, let's see if it can hold steady.
3) For medium to long-term users on the daily, the operation remains to bet on size, whether to bet up or down, from a medium to long-term perspective. Trading means buying on the lower raid absorption and selling on the upper distribution is more suitable.
II. Hourly Chart 1) Yesterday it was mentioned to be bullish, currently raiding bsl upwards. From the current market structure, a higher high has been formed here, indicating a structural change.
2) Therefore, currently focus on H4 bullish ob. If the price returns here for absorption and does not break down, then this is a potential trading opportunity. We expect the price to continue upwards to create higher highs. If the market is a bit stronger, I think it should not break below 96270.
Of course, if it breaks down, then I think the opportunity will be greater to raid eql downwards, and the trading opportunity ceases to exist, requiring continued waiting.
3) The upper target is first looking at around 100,000. If it breaks through and holds above 100,000, then continue to look at 103. This is also my target position, with 107 being the expectation.
1. The US SEC establishes a cryptocurrency working group, delaying response to Coinbase's appeal In a court document dated February 14, the SEC requested more time as the newly formed cryptocurrency working group will affect its response and current potential cryptocurrency classification issues.
Pal's Note: The new cryptocurrency working group is a long-term positive.
2. Grayscale applies for Ethereum ETF staking feature
@Grayscale and @NYSE have just submitted an application to the US Securities and Exchange Commission, allowing their Ethereum ETFs (ETHE and ETH) to begin staking the Ether they hold.
Pal's Note: Positive for #ETH, waiting for approval, pay attention to the staking sector.
3. Sei will unlock 55.56 million SEI tokens
#Sei will unlock approximately 55.56 million tokens at 8 PM Beijing time on February 15, accounting for 1.25% of the current circulation, valued at about $13.37 million.
Pal's Note: Sei's current price has fallen back to the bottom price of late August last year; I personally believe it needs to re-accumulate liquidity through oscillation.
4. Georgia proposes to allow investment in Bitcoin
A senator from the US state of Georgia has introduced a bill that allows the state treasurer to invest in Bitcoin, discussing limits and safe handling requirements for such investments.
Pal's Note: Government investment behavior, potential positive.
5. Dubai issues a warning to meme coin investors
Meme coins issued in Dubai will have to comply with marketing regulations regarding promotion, advertising, etc. Institutions that violate these marketing rules may face fines of up to $135,000.
Pal's Note: Hope the regulations can gradually formalize memes.
6. Coinbase becomes exclusive crypto partner of Aston Martin
7. Hong Kong Securities and Futures Commission holds its first virtual asset consultation meeting
Summary: 1) Increasing government intervention, actively promoting the compliance and dissemination of crypto, raising the ceiling, which is a long-term positive. 2) For ETH ETF staking, it is recommended to pay more attention to staking sector tokens.
1) Oh heavens, it's been a week of fluctuations around 970, with a swing of 5000 dollars up and down, simply outrageous. This is a fluctuating market, and it will likely be a long-term situation.
2) No need to mention the daily chart, look at yesterday. If we can break through the bearish order block, the first target above is 100K, then we look at the plundering of bsl. Below, 940 ssl is waiting to be plundered, once we see it, we go directly down to hit 91-89 or continue to fluctuate downwards.
3) At the moment, I can't give any operational advice for this position. The bearish order block has been tested once above, and the ssl below is waiting to be plundered, but there are no trading opportunities in this middle position. Just wait, still focusing on the bearish order block position above, refusing to distribute short positions. If we break through, then focus on the buying position for the pullback.
Below, after looking at the plunder of ssl, we will see whether to continue fluctuating and rebounding or go straight down.
4) To say something redundant, the overall trend of the market is downward, but it doesn't hinder short-term manipulation and small rebound plundering. However, I don't know when the small rebound will happen.
📢Pal News Hotspot Report——2.14 1) The WLFI large investment in cryptocurrency supported by Trump involves multiple on-chain transactions, spending 1.41 million USDC to purchase 2,527,257 MOVE, spending 5 million USDC to purchase 52 WBTC, exchanging 2,221 ETH (5.93 million USD) for stETH and depositing it into Lido for staking, sending 5 million USDC to Aave V3 for lending.
Pal Note: Trump's Favorites: #MOVE, #LDO, #AAVE.
2) There is a growing call worldwide for an audit of the Federal Reserve, with renewed demands for auditing the Federal Reserve, Musk stated it's a Great idea. The Fed has long maintained high independence to avoid political interference in monetary policy; an audit may affect market confidence in the dollar, which would benefit gold and cryptocurrency.
Pal Note: Short-term meaningless news, if truly audited, pay attention to favorable volatility.
3) The Ethereum Foundation injects capital into multiple DeFi platforms to promote ecological development. Involves #SPARK, #AAVE, #COMPOUND.
4) The SEC accepts Grayscale's XRP ETF application, intending to convert the Grayscale XRP Trust ($XRP Trust) into an exchange-traded fund (ETF), showing an open attitude towards crypto ETFs.
The SEC is expected to publish the application in the Federal Register within a few days, at which point the 240-day approval window will officially open. Additionally, ETF applications for XRP from institutions such as Bitwise, 21Shares, Canary Funds, and WisdomTree are still awaiting SEC review.
Pal Note: Mainstream #XRP priority.
5) Grayscale applies to list Dogecoin Trust According to documents disclosed by the U.S. Securities and Exchange Commission (SEC), NYSE Arca has submitted a revised rule change application to the SEC to list and trade Grayscale Dogecoin Trust (GDOG) stocks, which still require SEC approval and a public comment solicitation process.
Pal Note: #DOGE hotspot attention.
6) OpenSea confirms an upcoming token airdrop, Token: #SEA.
Pal Note: Check your account quickly.
7) Fed rate cuts unlikely in the short term, Bitcoin under pressure Grayscale's research director Zach Pandl stated in an interview, "A Fed rate cut is temporarily impossible." He pointed out that this is unfavorable for risk assets like Bitcoin in the short term, as the market is further digesting the Fed's delayed rate cut expectations.
Pal Note: Still my view, the current market rally still needs interest rate hike expectations, which are currently absent.