Babies! The latest market news from the crypto world is here~
The mainstream market continues to be hot, and the market index soared directly into the highly bullish zone yesterday!
However, it should be noted that the long positions of top traders have already dropped to low levels!
On the BTC side, long positions have been stuck at high levels without movement, while whales are going long like crazy, and retail investors are making small short trades.
Currently, long momentum has surged to the highest level of the year; be cautious of a sharp correction in the short term!
Comparing ETH and SOL, ETH's positions are extremely stable, consolidating at high levels like BTC.
But SOL's long positions have started to decrease, so pay more attention!
The TRUMP coin suddenly exploded last night, and its long positions have reached a historical high!
It's highly likely due to retail investors shorting too much~
Wait for it to rise again; you might catch an opportunity for a divergence trade, stay alert! #加密货币总市值重回3万亿
Brothers!\n\nThe BTC four-hour chart is super critical!\n\nAfter repeatedly testing the price, it has entered a narrow consolidation phase, with a contraction channel building momentum.\n\nCurrently rebounding with increased volume, short-term moving averages are diverging upwards, and the indicators in the small cycle are recovering, strengthening the bulls!\n\nIt is recommended to go long around 92500 - 93000.\n\nTarget 1000 - 2000 points!\n\nThe market is volatile, just use it as a reference! #美股下挫
Many coins have emerged from the bottom formations, but we still need to see the big coin and mainstream coins lead the charge; we need to observe the one-sided market a bit longer~
⚠️ Key points:
1️⃣ Many coins have previously been in a downtrend, trapping a lot of chips, so when they rise, there will be significant selling pressure that needs to be digested slowly.
2️⃣ For a real surge, it relies on institutions entering with volume, and at that time, they may not give us time to react, but there will be buying points during pullbacks.
3️⃣ A rate cut is highly likely after September; this wave is at most a cyclical rebound, and it’s normal to see a rebound after a long decline.
In summary! The big coin is approaching the daily resistance level; whether the high-level fluctuation is a consolidation for strength or a turn down still needs to be waited on!
Operational advice: play the waves, keep enough funds, as there will be more opportunities ahead~
If you want to chase the rise, look for strong coins that haven't started yet; those that have risen well can take profits or switch positions in batches, and recently, less action and more observation is the safest approach! #加密货币总市值重回3万亿
Dear friends, the market in the last week has been comparable to 2023
It has been oscillating within a narrow range, with the fluctuation interval getting narrower
The intraday movement is just within 1500 points
So if you are trading, consider taking profits around 800 points
Tonight the US stock market is closed, based on this situation, the oscillation is likely to continue, and a big breakout may have to wait until next week
Next, everyone should pay close attention to the support level of 84,000; if it can hold
There may be surprises ahead, but if it breaks, we need to be more cautious
Let's patiently wait for the market to give the next instructions, and when operating, be sure not to get overly excited, always manage risks well~#鲍威尔发言
Babies, recently many people have been asking: Can Ethereum still rise up? 🤔🤔
Now everyone in the circle thinks that the crypto world is this realistic — without innovation, it's downhill; only by creating innovation is there a way out!
But a new question arises: What kind of innovation does Ethereum really need to achieve?
The ideal innovation everyone envisions should ideally be something that only ETH can do
Other public chains simply can't replicate it; it should also be a paradigm breakthrough that can disrupt the industry
And it must be developed by the original ETH team
But to be honest, such a perfect situation is likely to only exist in fantasy
So babies, you really need to think carefully about whether to continue holding onto Ethereum
Or should we pull out and observe for a while? #Solana激增
Dear friends, let's talk about the Bitcoin trend on Thursday!
Recently, Bitcoin has been consolidating in a range, with 86000 as the resistance level above
and 83000 as the support level below, fluctuating within this area
Currently, the operation mainly focuses on positioning at the high and low points of the range
On the daily chart, the candlesticks alternate between bullish and bearish, but overall still remain above the middle track, so after a short-term pullback
we still have a bullish outlook. The small cycle previously surged but did not break through and then retreated
Now it is operating below the middle track on the four-hour chart
Today, we are looking for a pullback, with a key focus on the support near 83000. If the pullback does not break below
then we can consider going long at the low points
Within this range, identify the high and low points for trading, and wait for the market to break out
Here’s a reference for entry: short near 84500, targeting 83000.