#Bitcoin Market Direction Thoughts 1. Bitcoin starts, aiming for 100,000 before stopping, a strong blood-sucking rise, apart from on-chain #memecoin, no one else can rise; 2. Bitcoin moves sideways with a slight increase, quality coins begin to rebound, attempting to chase the rise, leading to sector rotation, established public chains, hot coins, metaverse; 3. Bitcoin dips, the second in line #Ethereum strongly catches up, most altcoins enter a strong phase, following down but not particularly deep, rebound speed is quite fast, trying to continue sector rotation; 4. Bitcoin rises again, whether it sucks blood or not is not important, the main thing is to reach a new high, which will bring the market to a peak again, creating a scene of short positions hitting stop losses and long positions chasing in; ✨ If steps three and four are completed in a short time, the market's FOMO sentiment will be triggered again, which could be dangerous, likely leading to a rapid drop that kills long positions and cuts into long positions, and then hitting stop losses or even liquidating high position short orders.
1. First, from the perspective of market capitalization ratio (currently 58.5%), then looking at the ETF outflow yesterday, and examining the exchange rate of Ethereum, we can determine that we are currently in the bloodletting phase for BTC. Since the background is established, how should we make money?
2. The sector rotation has just begun, and has not continued due to the influence of BTC causing a pullback. This is better; as long as any coin fully recovers yesterday's decline, there will be an opportunity for another rise today;
3. The metaverse, established public chains, and Ethereum's layer 1 and layer 2 have all moved. Currently focusing on blockchain games, storage, and inscriptions which have not moved yet, but it feels like the inscription sector is heavily weighed down and hard to lift. Then we look for coins in these sectors that have either declined yesterday or pulled back to their starting points after a drop.
Storage Fil: No correlation yesterday, support at 5.45, 5.3; Blockchain Game Bnx: Followed the decline yesterday, today pulling back to the starting point, support level at 0.56;
Just a casual talk, a new week: 1: The large pancake slowly retreated to around 95700 yesterday and quickly rebounded to 98000, proving that it has entered a consolidation phase. Next, it will still oscillate in the range of 96000—98000. Meanwhile, the market cap proportion encountered resistance at 62% in the past few days and fell back, which is what we want for the altcoin rally season!!
2: The Ethereum exchange rate has finally stabilized at 0.034 this time, without continuing to decline. The weak phase is over. Yesterday, the group reminded us of the strong support at 3280, which held steady. Next, we will continue to push upwards. In the afternoon, pay attention to whether it can stabilize at 3385, and we will continue to rise.
3: SOL actually just needs to maintain its position at a high level and continue to push up. The support below is around 243, and having exceeded the previous high, there is no more resistance, just adjustments are needed.
4: The rotation of altcoins has involved established public chains, the metaverse, and foundational frameworks, which have all moved. What remains are storage, AI, and the BTC ecosystem. Currently, there hasn't been much movement in these areas. FIL, WLD, and ORDI are worth paying attention to. #比特币关键区间 #GameFi板块信号
The oscillation range at the daily level of $ETH is still continuing. This week, if there is no large bearish candle breaking below 2500, the opportunity to break above 2800 will come. Everyone, hold on! The clouds will part, and the moon will shine!
Let's all take action 🔪 Stab V God? I think it's unnecessary, let's take a look at what's going on.
⭕️ From the daily chart from 2022 to now, #eth has experienced three breakthroughs of bottom structures, each time with an increase of no less than 50%;
⭕️ Currently, it is attempting the fourth bottoming structure. If it breaks through, that would be another guaranteed 50% increase, so there's no need to criticize; just chase after the breakout.
⭕️ In the short term, let's trade within the range: short when high and long when low, with the key important level at 2800. After the breakout, just go long without hesitation.
From the perspective of #BTC's market capitalization, when will the altcoin season come? What is the focus on Bitcoin's market capitalization? The ratio of BTC's market capitalization in the total market capitalization of digital currencies.
✨ Currently, we can see that from the lowest point in 2022 of 40% to 60%, there has been a trend upward, pushing BTC's price to a new high. Looking at the K-line, 62%-63% is the previous resistance level, and there is already a possibility of a market capitalization pullback.
✨ From 2021 to 2023, while the market capitalization trend was consolidating at a low level, the price also fell back by 80% from its highest point. Conversely, when the market capitalization experiences a rapid decline, BTC's price often sees a significant pullback. Certainly, as the market capitalization enters a correction phase, altcoins will begin to catch up.
Note that the limit position of the rebound is between 27500-27600. You cannot chase long here. You must choose the opportunity to hedge and short-sell to cope with the subsequent market trend. Referring to the picture I drew yesterday, the breakout point is around 25,000. #BTC #crypto2023 #ETH #Binance #Web3
A new week, a new beginning, let us make a plan for the next few days. The picture below is my personal thoughts for your reference. The market can be long or short, but what we have to do is to have a suitable profit-loss ratio and trade time for space!
The market fell in response to the interest rate hike, and then surged back in response to everyone's confusion. Many people may have doubts. From my personal perspective, the interest rate hike is negative, but 25 is in line with expectations. Bank stocks are like this. What can the Fed do? Woolen cloth? , then what is the next step? From the perspective of historical digital currencies, the most appropriate thing at this time is for small coins to take off, that is, it is reasonable for the big pie to move 1-2% and small coins to increase 5-8%. After all, this wave of blood-sucking BTC It's cruel enough, so let's see where Bitcoin goes after flying around.
The Nasdaq continued to stretch last night. Many brothers asked in the group why Bitcoin didn’t follow suit? Let's just say that when others were falling before, you were rising slowly. Now, isn't it normal to not follow the rise, right? After all, in terms of the increase and the linkage direction, it is still consistent with the US stock market. The Nasdaq futures are currently testing the pressure level of the previous high. The U.S. bailout should continue to push up. Although BTC has not been able to rise completely, it should maintain a high consolidation structure, so everyone still focuses on the pressure level near 25450. Below For support near 24,000, just leave a float of $100. The operating idea of high altitude, low and long, if 25450 can break through, it may go to the previous high point to attract more! #BTC #crypto2023 #ETH #Binance #Web3
The market has come here, becoming more and more symmetrical, and more and more familiar. In this case, I will analyze it according to your decision. If it is wrong, let the market take action. I have put the time and space points in the chart. #BTC #ETH #Binance