It’s so tragic, brothers, please don’t watch this!
The cryptocurrency market has seen another major event recently. The amount of liquidation in 24 hours has exceeded 700 million, and most of them are short positions. Bitcoin and Ethereum have pushed the short positions to their limits again and again. At 7:14 in the morning, Bitcoin reached a new high of 89,475, while Ethereum temporarily fluctuated around 3,300, under pressure from some profit-taking orders.
The selling of big guys like Sun Ge and whales has temporarily hindered Ethereum, but after these pressures are digested, Ethereum should resume its rise. Looking back, the big green stick last week really made the shorts want to cry without tears. I don’t know how many people have resisted the short orders below 70,000 until now. What should I do next? Today I will share some practical tips with you!
Today's market analysis: From the K-line, BTC shows an upward trend at the one-hour level (lack of momentum, with pressure for a pullback); the 4-hour level is also rising (the current K-line is a negative line, KDJ is about to cross, pay attention to possible pullbacks); the 12-hour and daily levels are both rising.
A simple calculation of the potential target price of BTC in this wave probably falls into the following ranges:
First interval: 92,900
Second range: 101,100 to 106,500
If the market remains stable according to the normal trend, it is entirely possible to reach the first range, and then it is expected to reach $100,000. If there is a strong pull-up and it can be pushed to the second range, we may soon see BTC above $120,000!
"Bull markets often lead to crashes" is not a saying for nothing
There will also be fluctuations in the bull market. It is impossible to keep going up. The more it goes up, the greater the pressure. Once the profit-taking is gone, the price will quickly pull back, but once the market sees a drop, it will come in to buy the bottom, and then new funds will come in and continue to push it up. The needle at 6 o'clock and 9 o'clock in the morning is a typical example. After quickly clearing the longs, it rebounded directly and continued to break new highs.
We should pay special attention to the changes in contract positions and rates, so as to seize the opportunity of callback. Now the total network positions and perpetual rates are at high points, which means that the pressure is increasing. Once the price goes backwards, we can consider running away or getting on board. It is still far from the high point. According to historical experience, the peak may not appear until next year. Hold the spot firmly and take the grand slam!
Regarding the launch of ACT and PNUT on BN, I have two thoughts and two operational directions:
Thought 1: When ACT was launched, its market value was about 300 million U, which was similar to the situation when NEIRO was first listed on bn. Both had low market values and showed signs of being manipulated by bn. Therefore, the subsequent trend and market value of ACT can refer to the development of NEIRO.
Thought 2: Why are two coins launched at the same time, one with low market value (ACT) and one with high market value (PNUT)? I personally think that PNUT may be used as a cover, and the real goal is to manipulate ACT. As a market leader, whichever coin BN promotes will naturally become the leader.
Operation 1: Although I don’t often post chain analysis, I have been tracking popular coins, such as TERMINUS, SNAP, MOODENG, PNUT, Kheowzoo, DOGGO, BAN, etc. I selected the high-market-cap coins (BN is unlikely to be a banker to absorb high-market-cap coins), and finally Mars City, Zoo and BAN were left, and I bought all of them. However, Mars City has poor liquidity, and it went up just when I was about to buy it, so I didn’t buy it in the end.
Operation 2: After ACT was launched, I bought some, and the current profit is about 20%. The logic of buying has been explained in Thinking 1.
Next, I will observe the trends of these coins and ACT. If they all take off, it will prove that my judgment is correct.
By the way, you don’t have to keep staring at NEIRO
BTC has reached a new high, and related derivative applications will definitely follow. Ethereum will catch up and Layer2 will also take off. Didn't Dogecoin get on board? It doesn't matter, there is SHIB waiting for you! However, those who have never been in the Chaos circle seem to be waiting for Ethereum to touch the new low of 2100.
Let me ask again, is there anyone who missed the opportunity?
The biggest opportunity in this bull market: DOGE!
DOGE can be used by large investors, and the odds for retail investors are also very high. This wave is basically set in stone, DOGE is the only one that can outperform BTC! DOGE's market value is only 50 billion US dollars now, and large funds cannot enter, so it will at least soar to 500 billion US dollars.
BTC is the territory of Wall Street, and Musk wants to make DOGE the next BTC. Those who say DOGE can reach $1 are a little narrow-minded. The first target is $3, and the second target is $10. Wait for a deep clean-up, and then go all-in on DOGE. If you hold it firmly, you will have a chance to achieve wealth freedom!
DOGE has just broken through the monthly line. Don’t be afraid of the highs, because the market has just begun. For whales, 50 billion US dollars is simply a small amount.
Stop worrying about whether it is a bull market or not, it is obviously a "dog market"!
Suddenly I remembered my elder sister who used to do MLM. In 2017, she told me very seriously that I must buy Dogecoin in the Year of the Dog. At that time, I refuted her righteously. Now I understand that this is the power of meme.
Big sister, are you doing well now? Can you take me flying again?
The meme coins on Sol are still so popular today, but unfortunately I don’t have many left!
1. BTC hit 89,000. Yesterday, I looked at my phone with sleepy eyes and thought it was 90,000, but when I looked closely, it was only 80,000. Today, I checked and it is almost 90,000.
2. KOMA hit a new high. BB said that 5% of the tokens will be destroyed next week. Now the liquidity is locked. Travladd, an old OG on BSC, has also started to join KOMA. The meme sentiment on BSC is really full. Grayscale, which previously made Starlink a market value of 800 million, has also joined. Now the community atmosphere is really lively.
3. GATO I bought some yesterday, and it went up today, but I sold it all yesterday. The remaining 10U became 20U today.
4. BAN is also continuously hitting new highs. The sentiment is really in place now. It may be related to the listing of $ACT and $PNUT on Binance spot. However, my $BAN was lost due to my swing trading. I wanted to buy it back but it seemed too high. As a result, it kept breaking new highs. Anyway, $BAN is indeed strong.
5. I bought $LUCE when the market value was 88M. My friend asked me to sell MOODENG and exchange it for LUCE. I was reluctant to sell Hippo, so I put together my scattered U and bought LUCE. Now it has also reached a new high.
6. Murad called $AEVO in the middle of the night. It didn’t move when it was 600K. I bought it at 5M and sold it at 7M. Fortunately, I sold it quickly. But I tried other stocks later and lost everything on Sol.
7. AI16Z hit a new high, but I just got my money back. I bought it when the market value was high, and I also studied the gameplay of DAOs. Now I can study it again.
