The current momentum is indeed not good But it is not yet time to judge that this wave of trend starting from 75k has ended Many things have risen too quickly For example, ETH and Pepe Their dense support levels are between 20-22 and 10-12 Currently still in a significant bullish trend This is the difficulty of doing business in the crypto world After rising several times, is it really a bull market? Once it turns bullish, will it drop again? Will I be washed out only for it to turn bullish again? After dropping so much, is it still a bull market? When it really reaches the bottom, I hesitate to buy
BTC 1H Previous high breakout failed, significant divergence between bulls and bears Currently, the close looks bearish and rather strong, first looking at a large volatile range (bearish bias) Two key support levels at the bottom of the range If it breaks below, then look for support in the 97-98 range
Ethereum plunges! A five-day drop of 11%, is there a hidden 'reset' mystery or a sell-off crisis behind it?
A five-day plunge of 11%, Ethereum has broken through an important support level. Ethereum (ETH) has dropped over 11.5% in the last five trading days, plunging from $2,738 in mid-May to the current $2,426. Some analysts view this adjustment as a 'healthy correction' rather than a trend reversal, but market confidence still faces severe tests. Despite the sluggish trend, on May 16, the largest single withdrawal of ETH from exchanges since early April occurred. Combined with the overall negative net inflow from exchanges, this may indicate that some long-term investors are choosing to increase their holdings at lower levels. Coinbase premium surges, U.S. investor interest remains strong.
BTC fluctuates to new highs, ETH weakens to catch up, cash position is the strongest defense
Market Review and Analysis BTC's performance yesterday was relatively strong, closing with a solid bullish candle, giving the market some confidence. Today it continues to push up, directly touching the previous resistance range of 106000-108000, but then quickly fell back, forming a structure of rising and then falling. ETH's performance continues to be relatively weak. Although it closed with a solid bullish candle yesterday, the strength is far less than BTC, only recovering the previous day's losses, and it has not stabilized at the 2600 level, just touching it before falling back. Today's market directly retreated, hitting a low of around 2300. It was previously indicated in last Friday's early review that if ETH breaks below 2420, it will face the risk of a rapid pullback. Although BTC briefly led to a recovery in market sentiment during this process, it is still necessary to remain calm overall.
BTC experienced a fluctuating pattern resembling a 'door' after rising to 106,000, driven by a game of short-term high-leverage long and short positions liquidating each other:
During the first round of decline, the spot premium rose, indicating that shorts were rushing in, providing upward liquidation momentum for the price;
Subsequently, as the price rose again, the premium fell, indicating that longs were entering the market, which in turn created downward liquidation momentum for the price.
Volatility intensified on Monday morning, as the calm accumulated over the weekend was abruptly broken by sudden spot buying, triggering sharp fluctuations. This was followed by high-leverage shorts being liquidated, and then high-leverage longs entering the market, leading to a standoff in the game.
The key is to watch the direction of the spot premium:
If the premium rises again when the price pulls back, there is still room for a new high;
If the premium declines along with the price, then the shorts may ultimately prevail.
In the end, it comes down to which side the spot leaders ultimately stand on.
The decline is understandable as the daily candle encountered resistance in the previous area. The potential support below should be in the 101500 and 93300 regions, with 101500 indicating whether a small range of oscillation can occur.
However, if this happens, the structure of the altcoin daily candle should be broken, as the initial position was just opened last night.
Trading is a lifelong endeavor, but making money isn't. The most profitable times for you to trade cryptocurrencies often only account for a week or even a few days in a year.
I mentioned last week that in trading, winning just once is enough.
In one week, you can make the money that others earn in a lifetime, or even ten lifetimes. Then you can withdraw your profits, step back, and continue participating with a small amount of capital.
No matter how skilled a trader is, when faced with a black swan event, even with a little leverage, the drawdown can be 20%-30%.
Is trading like a monk for ten years what you really want?
With small capital, wait for opportunities; if speculating is successful, you can turn things around in just a few days.
Think about it for yourself. Are you here to get rich quickly or to earn through compound interest? If it's the latter, just invest in the U.S. stock market and go long on the Nasdaq three times; doesn't trading cryptocurrencies tire you out?
You and I are just retail investors; once we've made enough, we should step back and enjoy life. Why must we live like monks, trading day in and day out for a lifetime?
A whale that sold 3,000 bitcoins three weeks and 1 week ago has bought more than 2,200 bitcoins today. This is the legendary buy high, sell low; it turns out whales do this kind of thing too.
After Pepe Coin's wild rise, is a crash coming? Whales cashing out, double top pattern, leveraged positions off the charts... Is the countdown to a crash starting?
Whales are cashing out, Pepe Coin shows selling pressure signal Pepe Coin surged 100% last week, but the latest on-chain data shows that large whales seem to have quietly started to exit. On May 12, when the coin price reached a local high of $0.000015, large transactions over $100,000 surged to 720 — a typical 'peak selling' signal. Historically, such a surge in large transactions often signals the approach of a temporary top. Although it hasn't yet reached the 'warning line' of 800 transactions, the current trend indicates that large holders may have begun to take profits, warning of significant market volatility in the short term.
PEPE 4H Consolidation Range After Rise The trend is upward, so the logic is to go long on pullbacks Focus on 2 key positions: simple pullback or complex pullback
Is DOGE poised for takeoff? Technical indicators + on-chain data release bullish signals, targeting $0.4.
DOGE has entered a key consolidation area, potentially building momentum for a rebound. At Wednesday's close, as market sentiment turned cautious, the price of Dogecoin (DOGE) fell back to $0.22 and entered a narrow consolidation range between $0.21 and $0.25. Although momentum appears to weaken at first glance, several analysts pointed out that this horizontal trend may be a buildup phase before a significant market explosion. Well-known trader Tardigrade analyzed on platform X that DOGE is currently constructing a consolidation range near a key resistance area, which is typically a strong signal before an asset is about to break out.
Technical indicators are releasing breakout signals, and the RSI structure is similar to that before the significant rise in 2023.
Ethereum's doubling stagnates, Bitcoin consolidates? The calm before the storm has arrived!
Bitcoin's golden needle tests the bottom, rebound shows resilience. Yesterday, BTC's daily line closed with a small bearish candle with a long lower shadow. Although there was no large bearish candle to trigger a sell-off, it also reflects the pressure from above. This morning's pullback quickly rebounded after hitting a low of $102,500, indicating that the current market's absorption capacity remains strong. In terms of stage gains, Bitcoin has accumulated over $30,000 from the bottom and is currently in a reasonable high-level consolidation range. Although there is no obvious selling pressure at the moment, the trading volume is insufficient, which is the main reason for the sideways movement. High-level oscillation tests patience, a mixture of inducing long positions and washing out. The current market rhythm is reminiscent of the bottom oscillation period — during the bottom, most people cannot endure the silence, and the same is true at high levels. The market will not easily give a direction but will instead create chasing opportunities through continuous inducement of long positions, increasing trapped chips.
The 24th day of All In AI VIRTUAL AIXBT kaito… The AI sector has been consolidating and correcting for 8 days Of course, the most corrected is still the MEME sector Yesterday at the lowest point, I saw many people posting this message after cutting losses The ultimate success always belongs to diamond hands Last night, the leading ETH ecosystem project ETHFI rebounded directly by 30% So the recent hot money is still in the Ethereum series The Ethereum series also selected eigen, which also surged nearly 20% last night In fact, making money is not difficult during a bullish market Choose the leading coins, buy in, and hold on to win in the end
1) On the daily chart, still pay attention to 105. I have been saying that if it breaks and stabilizes, then continue to look for new highs (H4 D1 level break and stabilization). If it doesn't stabilize, then a retracement is needed.
2) Yesterday fluctuated all day. 1028 is still broken. Since it is broken, continue to look down, the target is to first look at ML. Currently, a rebound looks bearish as it is an opportunity to short.
SOL shows a "Devil's Triangle"! The battle at $155: Breakthrough $200 or collapse to $150?
The price of Solana is forming a bottom pattern above the support level of $155, starting a new round of rise along with Bitcoin and Ethereum. SOL is expected to break through the resistance levels of $160 and $165 in the short term. However, bears remain active under the resistance level of $185. After reaching a high of $184.75, the price retraced, breaking below the $180 and $178 levels, and fell below the 50% Fibonacci retracement level of the upward trend from the low of $166 to the high of $185. Bulls are actively positioning above the 61.8% Fibonacci retracement level of the upward trend from the low of $166 to the high of $185, which is above $172. Currently, the price of Solana is close to $175 and the 100-hour moving average, with the hourly chart showing a short-term descending channel (or bullish flag) forming, and $172 serves as a support level.
Bitcoin has been continuously breaking previous lows A turning point appears at the intersection to choose a direction After such a long period of high-level consolidation, this trend is not a big deal There's no need to be overly pessimistic; based on the highest point, it's only a 2-point pullback It appears this is a washout; a major trend won't be interrupted by this Stay optimistic and wait for new highs