Altcoins are about to experience significant fluctuations at the daily level, which can be directly referenced against the market trends of August 2024. During the fluctuations, accumulate holdings, and then take off during a certain time window between June and July.
The low point of altcoins on April 15 can be seen as the bottom for most altcoins, more specifically for mainstream altcoins that can be listed on Binance, especially new coins. The next round of fluctuations is unlikely to create new lows.
The next couple of months will be our accumulation plan; if altcoins can approach the bottom from April, we can gradually build some positions. I believe the liquidity window created by the recent U.S. debt exchange is the best altcoin opportunity for the next year.
This process should not be rushed; fluctuations take time, just like last year when Trump was elected, the script has already been laid out, so follow the rhythm and proceed slowly. The market opportunities in June and July are the kind where you just need to profit from this wave; earning from this wave will be enough for you to last a year.
The K-line continues to consolidate at a high position, and the future direction is unclear. Based on the daily chart, a suspected double top pattern is forming, and the auxiliary indicators have started to turn, about to form a death cross signal, with a higher probability of moving downward. It is recommended to short when the price rebounds to the 104500 - 10500 range, targeting a bearish movement down to 101800.
Market Overview The price of Bitcoin is weakening, leading to a decline in altcoins. FTX's debt repayment plan starting on May 30 may affect capital flow, while fluctuations in the US stock market have increased risk aversion in the market.
Focus Areas Blockchain Games: The blockchain transformation project Nxpc of 'MapleStory' is gaining attention, with official investment chips concentrated, but gold mining earnings are below expectations, potential remains to be observed.
Meme: Startup is rising against the trend due to KOL endorsements, and Useless relies on holdings from the founder of the Bonk ecosystem, resulting in high speculation risk.
New Projects: The BN wallet TGE project Alaya AI is launching, focusing on AI data labeling, performance is yet to be evaluated.
Risks: Moodeng and Launchcoin have plummeted, smart money may be withdrawing, caution is advised for market shifts.
BTC/ETH Market
BTC and ETH consolidated yesterday, daily indicators are overbought, and horizontal trading is expected within the day. BTC support levels are 102500 - 103000, resistance levels are 105000 - 106000; ETH support levels are 2450 - 2500, resistance levels are 2650 - 2700, entry may be considered.
Recently, BNB has shown strong performance, firmly holding at $644. Bulls are defending the key level; although it has not broken through $675, it is poised for movement. The 20-day moving average continues to rise, and the RSI is in the positive range, indicating a dominance of buying pressure. The next bullish target is $745. However, if it falls below the 20-day moving average of $629, the rebound may be interrupted and could retest the 50-day moving average support level at $604 #BinanceTGEAlayaAI
Pull the average price to 20 BTC, who wouldn't be confused?
Recently, Bitcoin has been lacking momentum. Whether looking at the 4-hour chart or various news, it can be summarized that tonight we still need to make a small rebound, giving enough space for a subsequent bounce. The first rebound target is around 10.2, and the second rebound target is 10.0500.
After completing the second target, it is recommended to take profit and look back towards 10.4.
The market on Friday did not show the fluctuations that were expected, and has been consistently running at a high level. The choppy rhythm is already incredibly uncomfortable, let alone the horizontal market. However, it must be said that no effort will go unrewarded for a hardworking person; time can prove everything. The high position in the afternoon remains unchanged, and all that can be done now is to wait.
New Chain Game Coin NXPC Spot Layout Opportunity Project Background: NXPC is a new coin in the chain game sector, which has seen high popularity since its launch yesterday. Some short-term selling pressure has been released, and there are currently signs of a buying opportunity.
Market Analysis: Current Price: Around $2.8, with expectations of a short-term pullback. Support Level: Below $2.45, strong support range. Target Level: More than 30% increase, short-term target $3.64+.
Trading Strategy:
Initial Position: Buy in batches near the current price of $2.8, controlling the position size.
Additional Purchase Plan: If it pulls back to below $2.45 (in the $2.3-$2.45 range), increase the position to average down the cost.
Take Profit Target: $3.64-$4.0 (30%-40% profit), take profits in batches to lock in gains.
Stop Loss Setting: Stop loss if it falls below $2.3, strict risk control.
The current price is suitable for short-term layout, and additional purchases during the pullback can optimize costs. Pay close attention to trading volume and the popularity of the chain game sector to seize the opportunity for a 30%+ increase!
Although the current rise is notable, when looking at the long term, the current Bitcoin ecosystem rebound appears more as an expectation correction rather than a confirmation of a trend reversal. The ecosystem still faces a series of structural issues that constrain its ongoing performance.
Firstly, from the overall development pace, whether it’s BRC-20 or Runes, the progress of related projects remains slow. The much-anticipated 'Bitcoin-native DeFi' has yet to build a complete vertical system, and the lack of supporting infrastructure makes it difficult for the ecosystem to form a true synergy. At the same time, developer enthusiasm has also waned. The frequency of updates on GitHub for several core projects has noticeably decreased, and the overall activity of the technical community is far less than that of Ethereum, Solana, and other chains. Against the backdrop of a phased shift in capital and user attention, the cooling of the developer ecosystem undoubtedly further weakens medium-term expectations.
Overall, this round of rebound resembles a 'wrong-call correction' triggered under extremely low valuations and extremely weak expectations. After a year of emotional exhaustion and valuation decline, funds are refocusing on these deeply fallen assets at the point of style switching, releasing phased flexibility.
To truly allow the Bitcoin ecosystem to break out into an independent market, merely relying on price increases is not enough. The recovery of the ecosystem depends on more solid product delivery, more convincing user growth data, and the community's renewed cohesion for the future. If the rebound can be ignited by emotions, then the continuation of the trend must be built on confidence and substantial progress.
After a certain rebound in the market, we are looking at shorting Ethereum after a round of fluctuations. The analysis has already been shared with everyone. Bitcoin and Ethereum have been moving in a similar manner recently. We directly entered a short position around 103734 for Bitcoin, and the market has indeed shown downward pressure as expected. However, after Ethereum left the market earlier this morning, our Bitcoin position was still far from enough, and there is still a need for a downward pullback in the short term. We will continue to hold, and when it drops to 102527 around noon, which is close to our entry point for a long position, we will choose to exit, realizing a profit of 1207 points. This is the charm of practical guidance; with expectations in mind, there can also be unexpected gains. How did everyone perform in the live trading session? Did you have any pleasant surprises? Bitcoin is still experiencing a continuous decline, having directly fallen below our entry point for a long position earlier in the afternoon. Currently, we are not in a hurry to enter the market; we will watch while we act. After exiting the short position, we will analyze the current market again to find an opportunity to enter. Bitcoin is currently in a medium bearish K-line, testing the previous support at the low point, which is around the 100678 line. Since a previous spike down, we can expand the support to the 100678-101400 area, which is the first support level. As long as this level holds, we will still look for long positions; although Ethereum is also slowly declining, the bullish performance remains strong. The low point tested in the early morning at around 2545 has not yet been broken, and it has once again turned into a sideways consolidation structure in a smaller timeframe. Thus, we can see that the overall trend is still predominantly bullish, and Bitcoin only shows temporary signs of a breakdown. As long as we hold this level, we still look bullish; conversely, if the key support below is broken, the trend will determine the direction of our decisions. All operations will be primarily based on practical guidance. In the afternoon, Bitcoin can be bought around 102000-101700, targeting near 104000; Ethereum can be bought around 2570-2550, targeting near 2700.
VIRTUAL AIXBT Since the last round on the 5.8, it has been consolidating for a week without movement The PNUT BOME I bought was on the rise yesterday and is now on the decline Every day is just fluctuating within the range If one's psychological endurance is not strong, it is impossible to hold on The dealer uses constant rises and falls, then sharp drops and sharp rises Various methods of shaking out retail investors, wave trading, and contracts Then there are all sorts of losing operations A diamond hand is unchanging in the face of change No matter the winds from the east, west, south, or north, I remain unshaken
After a certain rebound in the morning price comparison, we are looking at the volatility of Ethereum for shorting. The analysis has already been provided to everyone. Bitcoin and Ethereum have been moving in the same direction recently. We directly entered a short position near 103734 for Bitcoin, and the market has indeed provided downward pressure as expected. However, after Ethereum's exit in the morning, our Bitcoin position is still far from enough, and there is still a need for a short-term downward pullback. We will continue to hold, waiting to exit when the price drops to around 102527, which is also near our entry point for the afternoon bullish position, resulting in a profit of 1207 points. This is the charm of practical guidance. With expectations, there can also be unexpected gains. How is everyone doing with their operations? Any unexpected joy?
Bitcoin is still experiencing a continuous decline, directly breaking below our afternoon entry point for a long position. Currently, we are not rushing to enter; we will observe while trading. After exiting the short position, we will analyze the current market to find opportunities to enter again. Bitcoin is currently in a medium bearish candle, trying to test the previous support at around 100678. The previous spike downwards allows us to expand the support range to 100678-101400, which is the first support level. As long as this level holds, we will remain bullish. Although Ethereum is also slowly declining, the bullish performance is still strong. The low point tested in the early morning at around 2545 has not been broken, and it has once again turned into a sideways consolidation structure on a smaller scale. Thus, the overall trend is still predominantly bullish, and Bitcoin only shows temporary signs of weakness. As long as we maintain our position, we will still look for bullish opportunities. Conversely, if we break below the key support level, the market direction will be determined again, and all operations should be based on practical guidance.
In the afternoon, Bitcoin can be bought in the range of 102000-101700, targeting around 104000; Ethereum can be bought in the range of 2570-2550, targeting around 2700.
Rewrite Livermore's eight principles, particularly useful in the cryptocurrency space:
1. Counter-trend trading. The more FUD (fear, uncertainty, doubt), the more opportunities may arise. 2. Follow the trend. Be cautious during bear markets and aggressive during bull markets. 3. Chase the leaders. Buy the top performers. 4. Buy in batches. Consider adding when prices rise. 5. Control emotions; do not gamble. 6. Wait for good opportunities before taking action. 7. Determine direction based on minimal resistance. 8. Move quickly. If something feels wrong, be decisive in protecting your capital or minimizing losses.
Reasons why a bull market can cause people to lose money: Many people cannot judge the true value of a coin.
1. You think it can reach a market value of 10 million, but in reality, a 1 million market maker has already manipulated it, and you went all in with a large position.
2. You think the market sentiment hasn't peaked yet, so you buy a value coin at a market value of 100 and then sell, only to find out that the market maker drove it up to 10 million.
Can S2F still be trusted? Is PlanB's model a meme or a joke? PlanB's stock-to-flow (S2F) model was once the most revered 'belief chart' among crypto enthusiasts. After the halving in 2020, it successfully predicted the rise of Bitcoin from $4,000 to $55,000, achieving legendary status. The core logic is that as scarcity increases, value rises.
This round of the market has already produced several fierce dragons:
AI sector leader: VIRTUAL, AIXBT Meme sector hit: MOODENG, NEIRO, PNUT ETH ecosystem representative: ETHFI
Currently, GameFi is the only one that hasn't taken off. Quietly eyeing a potential dark horse — a new coin, three letters, can you guess which monster is about to be unleashed?
Trump is firing on all cylinders, fiercely attacking the Federal Reserve!
On May 13 local time, Trump directly named Federal Reserve Chairman Powell on the social media platform Truth Social: "Inflation has long been suppressed, and prices for oil, food, and almost all goods are falling! What are you waiting for?"
He also mentioned: "Both Europe and China have lowered interest rates, but the Federal Reserve is still dawdling. Powell, what exactly are you waiting for?"
Trump finally issued a stern warning: "Lower interest rates immediately! Act now, and the market will absolutely soar!"
Currently, the U.S. CPI rose 2.3% year-on-year in April, having fallen to the lowest level since early 2021, which seems to give Trump's call for interest rate cuts more credibility.
If the Federal Reserve really does as Trump wishes and loosens monetary policy to lower interest rates, the market is likely to experience a significant surge.
In the face of the potential market upheaval, are you planning to seize the opportunity and make a big move, or will you just watch the chance slip away? The direction you take requires you to make a decision quickly.