Yesterday, the price fell below 57,500 and the market was in mourning. There were all kinds of bearish arguments such as "the double top was broken" and "it will continue to plummet". These people cannot distinguish between the main trend and the secondary trend, nor can they distinguish between true and false breakthroughs, so they are led by the main force.
Only spot goods can hold on to the fluctuating market!
Before and after the opening of the US stock market last night, the volatility of Bitcoin in a few minutes exceeded that of a day. If you are a high-leverage player, it must be uncomfortable. You were still profitable a few minutes ago, but immediately turned into a loss. You either stop loss or hold on and wait for the liquidation. This is a great test of your mentality. For the current low-liquidity BTC market, only spot can be fearless of ups and downs. It is better not to exceed 3 times if you have leverage.
Yesterday I said that those who bought the bottom at 56200 (see yesterday's article) can hold on. The current price is above 59200, and the profit has exceeded 3000 points. The spot profit is more than 5%. Those who are afraid of profit withdrawal can sell first. The profit is still under the pattern. The weekend market is generally stagnant. The bold ones can continue to hold on.
Back to today's market analysis: From the K-line, the 1-hour and 4-hour levels are in an upward trend, and the 12-hour level is about to enter an upward trend (if it does not fall below 58,200 before 12 o'clock, it will enter an upward trend). The daily level market shows a downward trend (if the market closes positive tomorrow, it will enter an upward trend again), the intraday pressure level is 61,200, and the support level is 57,200.
The needle is not scary, but the leek is. "Don't touch the leek"
Although both long and short positions have opportunities in the short term, the risk of low long positions is slightly higher, especially on the day of the needle. Because when the daily line is in a downward trend, the rebounds are all rebounds at the level of 30 minutes to 12 hours. Then the resistance at the daily level is like the Five Elements Mountain, and the height of the rebound has a predetermined ceiling. Therefore, in the short term, the main high short position is supplemented by low long positions. The high short position and the low long position are the same, and each position is only traded 1-2 times.
There will be information from Monday to Friday next week, which means that the volatility will be very frequent, and there may be a spike every day. Therefore, both long and short positions should pay attention to risks in the short term. Don't force liquidation or stop loss in the short term because of fluctuations of hundreds of points or one or two thousand points. Only place orders at suitable points and leave the rest to time. 56,000 has been hit this week, and I have placed orders for the bottom-picking points below 56,000. It is best to use different accounts for mid-term (profit space of more than 10,000 points) and short-term (within 12-24 hours) transactions.
A complete cycle consists of four distinct phases: accumulation, growth, crash, and bubble. Top 10 undervalued tokens that will break their all-time highs during this cycle:
1.BANANA | Banana Gun
Banana Gun is a Telegram bot that allows you to grab upcoming tokens, or safely buy already launched tokens.
MC: $153.59 million
Price: $45.45
2.ARKM | Arkham
Arkham is building an intelligence platform that provides information on the real-world entities and individuals behind crypto market activity.
MC: $245.34 million
Price: $1
3.ZRO | LayerZero
LayerZero is an interoperability protocol that uses a new technology to make it easier for different blockchain networks to connect.
MC: $400.18 million
Price: $3.60
4. ZK | zkSync
zkSync is a trustless protocol for scalable and low-cost payments on Ethereum, powered by zkRollup technology.
MC: $410.73 million
Price: $0.112
5.STRK | StarkNet
StarkNet is a decentralized Validity-Rollup on Ethereum that allows dApps to infinitely scale computation.
MC: $614.63 million
Price: $0.379
6.ONDO | Ondo Finance
Ondo Finance is a decentralized investment bank connecting DAOs, institutions, and retail investors in DeFi.
MC: $10 billion
Price: $0.695
7.JUP | Jupiter
Jupiter is Solana’s key liquidity aggregator, providing the widest range of tokens and the best route discovery between any token pairs.
MC: $1.08 billion
Price: $0.797
8.SUI | Sui
Sui is a decentralized, permissionless smart contract platform for low-latency asset management.
MC: $2.18 billion
Price: $0.839
9.PEPPER | Pepper
Pepe Coin, inspired by Pepe the Frog, launched in April 2023, billing itself as the “most meme-friendly meme coin.”
MC: $3.15 billion
Price: $0.00000749
10.TON | Toncoin
TON is a decentralized layer 1 blockchain launched by Telegram that offers fast transactions, low fees, user-friendly applications, and environmentally friendly features.
MC: $16.82 billion
Price: $6.68
Success is not based on luck, choice is more important than hard work, and the circle determines destiny
