BTC reached $92,000 and quickly rebounded, driving a recovery in the overall market; the AI Agent sector $AIBXT has become the market focus
On Friday, the market experienced a sudden sell-off, with mainstream coins and altcoin prices plummeting, but just before the US market opened, the decline abruptly halted and quickly rebounded, showing a 'V' shaped reversal, with the highest rebound reaching around 99,000.
Among the altcoins, Trump concept coins are still strong, and ena has basically recovered. SUI is still performing strongly. The newly launched VC coin move has shown impressive performance.
In the secondary market, the strong become stronger. When the market declines, avoid the worst-performing assets, and during rebounds, choose the strongest ones. Meanwhile, focus on the core of the strong, prioritizing the leading assets, unless there is a significant change in the underlying logic, such as a shift in capital flow leading to a change in the sector. Clarifying these logics can more effectively respond to market risks and opportunities.
Recently, I’ve been communicating with some fans, and many people have been losing money these past few months, mainly for three reasons:
1. BTC has been shorted continuously, resulting in liquidations or serious resistance
2. Full positions in garbage altcoins, several switches have backfired, and multiple stop losses
3. Heavily invest in meme coins, especially some new meme coins, with several rounds of 70% losses
Attention! Four major crypto whales bought 8,440 ETH from Binance yesterday, worth up to $28.43 million! This massive operation occurred during the early stages of the ETH price rebound after a 22.5% drop, almost like telling us: the opportunity has arrived!
Today, 10 new wallet addresses withdrew 17,698 ETH from Binance after the market rebound, approximately worth $61.66 million.
According to Lookonchain monitoring, after the market rebound, 10 new wallet addresses withdrew 17,698 ETH (worth $61.66 million) from Binance.
What is the current momentum?
ETH held the $3100 200 EMA support level after a significant pullback yesterday, and is now stabilizing at $3500! The key point is that the daily K chart has formed a bullish Pin Bar long shadow, indicating that the bulls are about to exert strength!
What do the technicals suggest?
If ETH breaks through the resistance area of $3500 (and stabilizes), the target could fly directly to $4000, with an upward potential of 17%! Market sentiment is clearly leaning bullish, and the entry of whales further confirms this signal.
At the same time, enthusiasm for ETH in the market is continuously rising, and currently, many institutions predict that Ethereum will hit new highs before the end of the year. Given the current situation, the likelihood of this prediction coming true is very high. As long as the Ethereum Foundation remains stable and no unexpected situations arise, it will be easy for Ethereum to break through new highs, like breaking through a layer of paper, with a bullish outlook for the future.
Don't be disappointed with ETH; only when Ethereum exerts strength can altcoins start!
Continuously optimistic about the long-term bull market; if you have a position, continue to buy small on dips and buy large on big drops! If you have no position, just uninstall the app and lay flat with a full position!
➜$ZEN
Cross-chain, transferring BTC to the SOL chain as Grayscale's new son. If Grayscale continues to increase its holdings of ZEN, the market cap of ZEN will reach around $1.5 billion. I remain bullish on ZEN long-term.
➜$LPT
Grayscale's uniquely supported small altcoin LPT should be one of a kind. LPT is Grayscale's favored child, and their holdings are skyrocketing. Those who missed ZEN have two choices: the bold can continue chasing ZEN, while the cautious can position in LPT.
LPT also has 50x potential.
➜$SUI
SUI, as an emerging cryptocurrency project, has a unique story and strong team support behind it. The founding team of SUI comes from top tech companies worldwide and has rich industry experience and technical background.
Grayscale's Sui trust has opened. Whether SUI is going up or down, it is performing strongly! You can add it to your watchlist to see if there are any opportunities for a pullback. If there is a pullback, go all in on SUI!
This time, altcoins have generally declined, and SUI is about to touch new highs again, really strong!
➜$CETUS
Binance launched alongside cow, but cetus is a project on the SUI chain! Recently, we can see SUI performing very strongly, with a robust rebound after a decline, so let's keep an eye on cetus!
The overall trend has received strong support below, and this horizontal range is waiting for a breakthrough like a story waiting to unfold. If you are not positioned near the support, then the current price around 0.37 is also a good entry point, just make a supplementary purchase near the key support below and wait for a strong breakout to come!
