The most important things in the cryptocurrency trading circle:
1. Firmly believe in Bitcoin 2. Do not use contracts 3. Carefully research the fundamentals, macro environment, and conduct technical analysis before buying 4. If you're stuck, don’t panic; look for those who are bullish The most important thing is: always ensure you have 3050 yuan on you, 3000 to buy an electric vehicle, and 50 for a health certificate.
We can't understand that this is an "internal crime" 0.0 The day before yesterday, 1.5 billion U, today 49.5 million U, numbers that can only be dreamed of😴
Currently, the overall market is likely not over, the distribution time is too short, and the selling volume is insufficient. The focus moving forward is to choose which altcoin to invest in when this wave of market arrives.
The current trend of altcoins is roughly as follows: after distribution, the drop might be between 80% to 90%. There are three possible future trends:
1. There will be a new high, followed by a rebound; 2. It ends after reaching a secondary high, at which point caution is required, and preparation to exit; 3. If it’s a worthless coin, there will be no rebound, and it will directly go to zero.
When choosing an altcoin, finding the first potential coin is crucial; don’t rush to chase the price increase; be sure to see the trend clearly.
The inscriptions have turned into tomorrow's texts, the imitation season has turned into the imitation festival, artificial intelligence has shifted from high-end to artificial stupidity, and digital nomads have become electronic beggars in the past.
Due to the super cycle, everyone has switched to a mode of universal begging. The value awards of blockchain have also become hollow, and VCs are liquidating one after another. In this world, it is indeed cannibalistic; it has just changed to a cybernetic bite.
Dogecoin (DOGE) Crash Warning! Double Top Pattern Confirmed, Plummeting to $0.20? Bear Market Storm Approaches!
Technical indicators suggest that Dogecoin (DOGE) may face a significant risk of decline, with analysts predicting its price may drop to $0.20. This bearish prediction stems from the recent formation of a double top pattern in DOGE, a typical bearish reversal formation that usually indicates further price declines. The price trend of DOGE shows a clear double top structure (M-shaped pattern), where the price retreats after touching the high point twice. Once the price breaks below the neckline, it may trigger a larger decline. The RSI indicator shows a bearish divergence The relative strength index (RSI) of Dogecoin shows a bearish divergence: although the DOGE price has reached higher highs, the RSI has reached lower highs. This indicates that market momentum is weakening, buying pressure is decreasing, and the likelihood of a price correction is increasing.
There isn't much to say about Bitcoin; it continues to oscillate at high levels. As long as it doesn't break the bottom support, there shouldn't be too many issues. The next turning point is likely to be driven by news events that may change the market dynamics. Until the trend becomes clear, it's best to observe more and act less!
Recently, the hotspot is on BSC, and funds will also be attracted to BSC. It is recommended to pay more attention to BSC projects.
There are many ways to trade. Hanging on the points tree like me is not suitable for long-term holding, only for short-term leverage, so I have been insisting on this direction.
Because in the short term, I know where I can take profits, but in the long term, I can't see it. And some people are only suitable for long-term holding but try to execute their perceived leverage within a short-term structure, resulting in losing their chips.
Take some time to pay attention to what suits you and what doesn't, what is never suitable for you in your lifetime?
The Reserve Bank of Australia has cut interest rates by 25 basis points for the first time in four years, starting a rate-cutting cycle. However, this small country's rate cut has little impact on the cryptocurrency market, which may experience fluctuations and consolidation, each fighting its own battle.
What is more concerning is the direction of the Federal Reserve. Once the Federal Reserve cuts rates, the financial sector will inevitably respond, leading to subsequent changes.
It is evident that the global financial power still lies in the hands of the United States. When will it be our turn to have a say?
On February 18, is SOL facing a breakdown or a rebound?
SOL/BTC Trend: Over the past year and a half, SOL/BTC has been in a range-bound fluctuation. After experiencing the trend of TRUMP's token issuance, the price of SOL soared, but then continued to decline to the bottom of the range.
Historical Comparison: A similar trend previously appeared in ETH/BTC, which also experienced a long-term fluctuation before breaking down from the range and continuing to decline.
Future Direction: Whether SOL will rebound or continue to decline like ETH/BTC still requires more time for observation.
BTC is currently at 96130, close to the bottom of the Bollinger Bands, expected to slightly drop to around 95800-95500 in the short term, followed by a potential rebound, with a target range of 96500-97000.
The overall trend continues, with a strong support level at 100000, resistance above at 96500, short-term support at 95800, and further dips will find support at 92000.
ETH is currently at 2660, after rising in the previous two days, it has shown a pullback, with current support at 2645 and resistance at 2700. Due to limited upside potential, it is recommended to pay attention to 1-2% space when operating in the short term and exit in time.
Conclusion
The current market is quite volatile, and it is not advisable to chase highs in the short term. For long-term holdings, I currently only hold BTC and XRP, while other altcoins are suitable for swing trading.
When swing trading, set stop-loss and take-profit levels properly, and do not hold onto lucky thinking; the current market will not have a significant increase.
The blockchain has entered a bubble burst period, celebrity tokens are more deceitful, protect your money well.
2. Clear Net Termination of U.S. Ethereum Spot ETF
The U.S. Ethereum spot ETF saw a cumulative net termination of $26.3 million last week. ETH is trash, let's see below 2100.
3. Goldman Sachs Discloses Holding in GBTC Trust Fund According to regulatory documents submitted to the U.S. Securities and Exchange Commission, in addition to increasing holdings in BlackRock and Fidelity Bitcoin ETFs, Goldman Sachs currently holds a $3.6 million position in Grayscale Bitcoin Trust (GBTC). According to official Grayscale data, as of February 14, GBTC's Bitcoin holdings are approximately 200,000 BTC (200,118.5305), with a market value of $19.45 billion.
Grayscale, the old six, has been unloading; once Grayscale starts buying, there might be a chance we've hit the bottom.
4. This Week, 5 Crypto Projects Will Unlock Tokens, Releasing a Total Value of Approximately $120 Million.
On February 17, APE will unlock approximately 15.6 million tokens (about $10.95 million), accounting for 1.56% of total supply; on February 19, PIXEL will unlock approximately 91.18 million tokens (about $5.98 million), accounting for 1.824% of total supply; on February 19, ENA will unlock approximately 12.86 million tokens (about $5.77 million), accounting for 0.086% of total supply; on February 21, FTN will unlock approximately 20 million tokens (about $78.8 million), accounting for 2.0% of total supply; on February 21, IMX will unlock approximately 24.51 million tokens (about $19.45 million), accounting for 1.226% of total supply.
5. Key Events to Focus on This Week:
On February 17, Presidents' Day in the U.S., the stock market is closed for one day; on February 18, Consensus Hong Kong 2025 event begins; on February 18, FTX launches its first product; on February 20, U.S. initial jobless claims for the week ending February 15; pay attention to the changes brought by FTX.
Since February 10th, the demand for BTC spot ETF has indeed weakened, and selling pressure has increased, which may indicate that institutions have entered a short-term risk-averse period.
Nevertheless, this phenomenon is not particularly severe for the market, with a daily net outflow of less than 500 million USD, which falls within the normal fluctuation range.
It is worth noting that historically, consecutive net outflows have reached a maximum of 7 days; if this period is exceeded, it is necessary to pay attention to the risk of structural changes.
The BTC daily chart has had a continuous sequence of doji candles for 4 days. What will happen next? Will it rise or fall? One thing is for sure, there will be a big market movement. Are you ready? Again, I remind everyone to manage risk well!
After the report released by the American Supply Management Association (ISM), the sentiment in the cryptocurrency market plummeted, with Bitcoin (BTC) price dropping over 10% and nearing a key support level, focusing market attention on whether Bitcoin can hold this support level. $1.02 billion outflow of BTC from exchanges Despite the market downturn, the outflow of Bitcoin has become a highlight. According to on-chain analysis company Coinglass, the outflow of BTC from exchanges has reached $1.02 billion, indicating that long-term holders are increasing their positions. This liquidity data usually indicates the market's confidence in future price increases, especially with the continued purchasing behavior of whales and long-term investors.
Dogecoin (DOGE) $0.33 Lifeline and $0.43 Breakthrough Point: What Determines Future Gains?
Recently, Dogecoin (DOGE) faced significant selling pressure at the $0.39 level, with a price drop of up to 14%. Nevertheless, Dogecoin remains in a key demand zone and demonstrates a certain degree of resilience. Currently, the market's focus is on whether DOGE can maintain stability at this support level to lay the groundwork for a further rebound. ➕👗 :btc7772 Key support level for Dogecoin Currently, Dogecoin's price is stabilizing around $0.34, a price range that was once a supply zone but has now transformed into a strong demand zone. This shift is crucial for DOGE's future trajectory as it indicates that there is still a certain level of buying support in the market.
Dogecoin (DOGE) set to soar in the new year, is $1.2 and $3.4 not a dream?
Dogecoin (DOGE) has the potential to rise to $1.2 in the new year, and if it breaks its historical high of $0.74 before the end of January, it may then test the $1.2 region. This rebound would align Dogecoin's market capitalization with XRP, meaning DOGE has the potential for significant growth. Potential above $1.2 Although $1.2 is an important target, a rebound above this price would be an additional 'reward', though I do not believe this will happen in the current bull market phase. If Dogecoin reaches its predicted orange trend line, a future rise to $3.4 is also possible, although this may happen later.
How to play in the cryptocurrency market for long-term stable profits!
Focus on Expertise: In a bull market, news is overwhelming, don’t get distracted, stick to the strategies you are good at, simplicity is key.
Stay Updated: Keep an eye on trending topics in the market, the direction everyone is discussing often hides opportunities for speculation.
Target Leaders: When encountering a desirable "potential coin", especially leading coins, act decisively; they can help you ride the waves.
Pay Attention to New Coins: Newly listed coins bring new concepts and new strategies, don't miss out, as the market tends to favor new things.
Fearless of Corrections: In a bull market, corrections are normal; don't be frightened by temporary declines, hold your assets steady.
Avoid Frequent Switching: Frequent switching of positions can lead to pitfalls; don’t easily tinker.
Filter Information: In a bull market, reliable information is invaluable; organize your information channels to ensure you stay well-informed.
Take Profits in Batches: Making money in a bull market is not difficult; the challenge is to hold onto profits. Regularly take profits in batches to secure your gains.
Leave Room for Maneuver: After taking profits, don’t sell everything; keep some in reserve. If the market has another opportunity, you can still benefit.
The cryptocurrency industry has experienced several major 'black swan' events. Below are six events with significant impacts that profoundly affected the market's development and reminded investors of the high risks and uncertainties in the cryptocurrency market: 1. February 2014 Mt. Gox Incident (MTGOX Hack) Event Overview: The world's largest Bitcoin exchange, MTGOX, was hacked, resulting in the theft of about 850,000 Bitcoins, approximately 7% of the global Bitcoin supply at the time.
Impact : Bitcoin price plummeted by 80%, severely undermining market trust. This event became a significant turning point in the history of cryptocurrencies, affecting the subsequent emphasis on exchange security and the advancement of regulatory measures in the crypto market.