The market has gone completely crazy. It has continuously broken new historical highs, from the 9th asset in the world to the 8th in the world, surpassing silver. The crazy bull market is overheated. BTC once again pulled back from nearly 90,000 dollars overnight, breaking through four barriers of 89k, 88k, 87k, and 86k (currently 87k is still rising). Now, whether it is rising or falling, it is often a few points or even a dozen points, which is exciting.
The market rises again but does not break the 9W level. Will you go long or short?
To be honest, the market at this time is completely playing with the psychology of the leeks. It was difficult to enter the market when the water level was rising, and they were afraid of heights, thinking that they would have the last chance if the market fell. In the end, there was no chance at all, and they missed the opportunity directly. Now the market has really reached a very high position, and they just rushed in headfirst, went long without thinking, and continued to shout that the market was rising. The dealer saw that you entered and started to pull back directly. Do you understand? I don’t understand, and I am confused.
Trading now is really a philosophy. Now your emotions are carried away by the market and you are chasing the market. You are really not suitable for trading. It is recommended to quit the circle early, otherwise you will waste your time and money and end up with nothing. Most of the people who trade now are trapped because of greed for money. They are not calm when trading in the market because of greed for money.
So what should we do now? We can see that the rising sentiment in the market has stopped, and the current position is for consolidation and selling. At this time, you can consider shorting on rallies. Although you don't short in a bull market, the current rising sentiment is high. It is not ruled out that the market makers will test the price downwards in the next few days. If it does, you will make money. If it doesn't, set a stop loss and place it at the previous high of 90,000. There is a profit and loss ratio, and such an order is in line with the strategy!
From a multi-cycle perspective, Bitcoin's current position has shown consolidation signals. Yesterday, it closed with a hammer-shaped K-line, which indicated the end of the rising market and a market reversal signal. MACD turned at a high level and then turned in the overbought zone. The upward momentum weakened, and the bears were ready to go, waiting for the opportunity to open fire. Therefore, pay attention to the high point of this rise of 90,000 and the low point of the pullback of 85,000. Open a short position near 90,000 and continue to hold if it falls below 85,000. The profit is very good!
Another situation is that it fluctuates in this high range. From the K-line, Bitcoin is falling at the one-hour level (there is a stop-fall signal), sideways at the 4-hour level, and still rising at the 12-hour and daily levels. The intraday pressure level is 90,000 US dollars and the support level is 85,500 US dollars.
The market experienced a correction yesterday, but Bitcoin did not fall much. However, the altcoins returned to their original positions. This is the current market. BTC doge is the protagonist, and other memes follow closely behind. Every correction can show who is stronger.
From last night’s pullback, we can see that memes such as pnut neiro act pepe wif and so on are relatively strong. Some are new highs, and some are V-reversals. The pullback is the best opportunity to get on board.
After yesterday's retracement, the market's funding rate has also dropped a bit. A healthy rise is definitely not a continuous rise, so it is necessary to clear the leverage after a retracement! Don't chase the rise and sell the fall, a big retracement is a good time to open a position! Don't wait for it to rise again, and then you will be tempted to buy in, because it may be another stage high point!
In a bull market, you must remember that every pullback is the best opportunity to get on board, but remember not to increase leverage or open contracts blindly. First, ensure the safety of the principal, and then make money. Pnut has been the hot meme in the past two days. Musk has completely opened the ceiling for peanuts. Squirrels and meme coins have saved the United States. Such a powerful narrative ability will continue to fomo.
$btc $doge is the protagonist, and other memes follow closely behind. Every callback can show which one is stronger.
Dogecoin has skyrocketed. Here are the reasons for its surge. Someone previously interviewed Musk and asked him if he was willing to lead the government. Musk joked that he was willing to lead the DOGE government. As Musk bet on Trump's victory, Trump officially announced today that Musk will cooperate with American entrepreneur Vivek Ramaswamy to lead the proposed Department of Government Efficiency (DOGE for short). You thought he was joking, but who knew he was serious.
"For narratives with weak correlation to Ma, you can look at 100 million or more. If it is strongly correlated and good in itself, you can look at 1 billion. If it is super strongly correlated and unique, then the bull market will be 10 billion." The version god of the 24-year bull market, the luck binds Musk and Trump, believe in the power of luck! Those who can understand these words will make money like water.
Last night's pullback shows that MEME is taking off
Meme-like $pnut $neiro $act $pepe $bonk and so on are relatively strong, some are new highs, some are V-reversals, and retracements are the best opportunities to get on board. In a bull market, you must remember that every retracement is the best opportunity to get on board, but remember not to blindly increase leverage or open contracts. First, ensure the safety of the principal, and then make money. To make a fortune in the cryptocurrency circle, the core is to be sensitive to news, make judgments quickly when big news comes out, dare to chase highs, and dare to hold heavy positions. (I'm here to feed you again)
Pnut coin increased 10,000 times in two weeks
Today, Lao Ma directly promoted the product. The whole network is talking about this coin. The market value has soared from 400 million US dollars to 900 million US dollars. This coin has gone viral. It will be stronger after the later wash. It is recommended to configure some during the callback. In the future, it may be the sea of stars and the pattern is opening up.
When Squirrel reached 5m, because the Dogecoin official Twitter account tweeted, it was believed that it would reach 50m, so it was possible to buy;
When Squirrel was at 20m, Musk tweeted and called for an order, so I thought it would be OK to reach 100m, so I bought it.
When Squirrel was at 200m-300m, because Binance listed spot, I thought it would be OK to see 500m, so I bought it;
When Squirrel 500m, because Musk called the order again and gave Squirrel the meaning of saving America, I thought it was okay to look at 3B, so I could buy it. Each paragraph has its own logic, and different people and different sizes can make money on it, and making money is right. There is no need to force yourself to do it from beginning to end. It’s still the same sentence: only if you believe in this narrative can you convince yourself first, then convince others, and then reach a consensus and profit from it.
Nanshen has been saying it publicly for the past few days. Pnut has become the hot meme these two days.
Some people say that pnut will reach 10 billion. What do you think? Musk has completely opened up the ceiling for peanuts. The original words are that squirrels and meme coins saved the United States. According to this narrative, the ceiling of peanuts has been opened again. It is not excessive for FDV to give 1 billion+.
Musk just called for pnut again! When someone criticized the government for spending a lot of money to study transgender monkey AIDS, Musk replied with the symbol of peanut, which is exactly the name of pnut. The Democratic Party wasted a lot of administrative resources to euthanize peanut! Pnut is not only the key to the US election, but also the spirit of the "One Word King" to reform the US administration - especially Musk emphasized in the morning: a squirrel and his meme coin saved the United States!
$DOGE’s trading volume is already twice that of ETH, and it’s only 20% away from Bitcoin! It’s my largest holding meme coin.
Even squirrels may not be able to match doge. It is difficult for meme coins derived from narrative hot spots at each stage to surpass the big brother. Doge is completely tied to Musk and Trump's new government. In the early hours of this morning, Trump publicly announced that Musk and American patriot Vivek Ramaswamy will jointly lead the newly established Department of Government Efficiency (DOGE). There will be no shortage of news and reports related to DOG in the future.
The recent high is still far below its historical high of $0.7376. In the long run, there is still room for growth. Dogs are worth owning.
Perhaps it is because DOGE has risen nearly 3 times in a month. Today, DOGE is in a sharp correction. If there is a 10% correction, you can buy lightly! If there is a 25% correction, you can buy heavily!
Most people are optimistic about it being listed on Binance
Friends who missed out on Pnut and ACT, don’t worry, buy in quickly and ban it. The next coin will be worth ten to thirty times more. It has a market value of 100 million now, but it has not been listed on a major exchange. Currently, Bitget, Gate, and Huobi have them. If you want to do it, do it well. The community is very strong.
The price of ban has increased from 0.04 to 0.12 now, a 3-fold increase. It has not yet been listed on Binance Exchange and its current market value is only 100 million. I think it will be no problem to increase it to 500 million.
Ban will tell you in advance about the expectation of listing on Binance. The speed of getting on the train is too fast during this period.
So LUCE involves religion, and there may be copyright issues in the future. Although I said yesterday that it might be listed on Binance, it is quite difficult. Most KOLs still think that the chances of being banned are higher.
Weibo also recommended it to everyone
Let’s take a look at some of the altcoins that have been ambushed by internal skirts recently:
Let's first look at Pepe, who holds it for the long term. He got a lot of money after getting 10 times in the last round. Later, he said that there was at least 5 times of room. I kept it for the long term. Many people told me that Ethereum is not as good as BTC. Mr. Crab also kept recharging his faith, and Ethereum also got a wave. Sometimes it's not about the number of coins you hold, but the quality! Half BTC, Ethereum, and half Pepe, separate long-term and short-term, there will be extra income!
Who can be listed on Binance? Hot currencies rise in advance
After Binance launched ACT and Pnut and violently pulled up the market, who in the MEME track can be listed on Binance has become the focus of attention, and some hot currencies have already taken off.
Judging from the current situation, Binance's spot listings seem to be leaning towards low-market-cap, high-popularity MEME coins, while high-market-cap coins choose to list contracts.
In any case, the market believes that MEME coin has great room for growth on Binance. For example, the following coins have already risen due to community hype about listing on Binance.
LUCE, a religious concept coin, has a market value of 150M and rose 15% in 24 hours.
BAN, an art concept coin, has a market value of 102M and rose 24% in 24 hours.
ai16z, AI token concept coin, has a market value of 98M and rose 29% in 24 hours.
FWOG, Frog MEME, market value 550M, down 5.8% in 24 hours.
Cheems, the Binance Chain Dogecoin, has a market value of 71M and rose 4.95% in 24 hours.
The picture below is the listing logic of Binance MEME coin, you can refer to it.
What new and popular MEMEs are you paying attention to?
I am Xin Ge, a long-term market hoarder. I don't touch contracts and don't recommend leverage. I make coins in a bear market and U in a bull market. If you are also such a person, then you are welcome to join the Xin Ge team (no fees! No promotion! No return!).
Let us go through the bull and bear markets together, keep each other warm, and strive to be a thicker leek.
