In the past 24 hours, the number of liquidations in the market exceeded 145,300, with liquidation amounts reaching 482 million, of which long position liquidations accounted for 360 million. Market sentiment is extremely pessimistic, and some people blindly bottom-fish or hold on during price declines, ultimately leading to large-scale liquidations.
The technical analysis shows that the current market is in a weak phase, and the price of Bitcoin may continue to decline in the short term, especially after the moving averages form a death cross. It is expected that the price will further adjust, and there are no obvious signs of a halt in the current downtrend. After a rebound, it will become an opportunity for shorting.
Morning thoughts:
Bitcoin area 88800-89100 Looking towards 86000-85000
Second Bitcoin area 2210-2230 Looking towards 2100-2070 #比特币
The current cryptocurrency market is influenced by tariff policies and expectations of interest rate cuts. Trump may suspend or weaken tariff policies, and interest rate cuts are expected to occur in June, with a small magnitude. If the non-farm data and unemployment rate are favorable, the expectations for rate cuts may strengthen, further stimulating the market.
If the non-farm data is favorable and expectations for rate cuts strengthen, it may drive the market to rise further. In terms of operation, it is recommended to go long on pullbacks, potentially extending to 95000.
Midday operation: Long in the range of 90300-90800 for Bitcoin, targeting 92300-92800 (Ethereum sync) #比特币
Still falling without end, the evening market staged a dual explosion of long and short positions. The strategy provided at noon was very precise, with at least 2000 points of space firmly in grasp. Last night I stubbornly went long, regrettably hit the stop loss, but the market indeed did not disappoint, successfully turning losses into profits.
From the daily chart, two consecutive large bearish candles show strong bearish momentum, especially yesterday's significant decline, which further confirms the dominant position of the bears. Currently, there is still space below, and the plan for the evening is to continue focusing on short positions.
Bitcoin 84500-84800 area rebound short Look at 82000-80000 (Ethereum can be synchronized) #比特币
The price of the large cake has shown a significant downward trend recently, dipping to a low of 82,000, followed by fluctuations around 83,000. Although there are signs of a rebound, the strength is relatively weak, and the overall trend remains bearish.
In the past hour, the price has been fluctuating at a high level, but multiple consecutive bearish candles have appeared, reflecting heavy selling pressure in the market, especially when prices are declining, where selling power has clearly increased, leading to a cautious market sentiment.
From a technical perspective, the current price trend exhibits a step-like descending pattern, with bearish forces dominating. If the price cannot effectively break through the resistance above in the short term, it may continue to decline.
Trump stated that he would consider including some cryptocurrencies as reserve assets, and this news directly injected epic positive sentiment into the cryptocurrency market. After the news was released, Bitcoin quickly surged from around 85000, breaking the 94900 high within two hours. This market movement was not only a short squeeze but also a complete washout, with market sentiment rapidly reversing under the influence of favorable policies.
The short position idea given at noon took a small bite; currently, the support below appears to be quite strong, having been tested multiple times without success, which seems to provide us with an opportunity to get in. Once the short-term trend is established, it will not easily end.
Evening Thoughts Buy Bitcoin near 92100-92400 Target 94500-96000
The key support level of 80,000 has still not been held, dealing a blow to the bulls. Friends who followed the posts yesterday are now basically well-fed. In terms of operations, one can take profits and exit or reduce positions to continue looking down.
From the daily chart, after the price retreated from the high, it has not formed an effective rebound recently, showing an overall trend of a continuous downward channel, with bearish signals still dominating. Therefore, today's operational strategy is basically consistent with yesterday's, focusing primarily on shorting on rebounds while gradually testing the support below.
For bitcoin, short in the 82,800-83,100 area, looking at 80,000-78,000.
For Ethereum, short in the 2,280-2,310 area, looking at 2,150-2,100.
Three consecutive negative lines on the daily line indicate that the short-selling force is dominant, the market selling pressure is strong, and the downward momentum is sufficient in the short term.
The current 80,000 mark is a key position. If the market continues and falls below 80,000, the short trend may continue further and may fall to a lower support area.
In the case of the current clear short trend, it is a safer strategy to avoid bottom-fishing against the trend and continue to short. I wish you all wealth freedom as soon as possible!
Morning Thoughts Big Cake 85500-85800 area short target 83000-82000
Second Cake 2380-2410 area short target 2280-2250 #比特币
Three consecutive negative lines on the daily line indicate that the short-selling force is dominant, the market selling pressure is strong, and the downward momentum is sufficient in the short term.
The current 80,000 mark is a key position. If the market continues and falls below 80,000, the short trend may continue further and may fall to a lower support area.
In the case of the current clear short trend, it is a safer strategy to avoid bottom-fishing against the trend and continue to short. I wish you all wealth freedom as soon as possible!
Morning Thoughts Big Cake 85500-85800 area short target 83000-82000
Second Cake 2380-2410 area short target 2280-2250 #比特币
Currently, the support at the 86,000 level still shows a certain effect. From the daily perspective, the price is under pressure and has retreated, forming an oversold phenomenon, which has been corrected in the subsequent bullish rebound, but the overall trend is still dominated by bears.
In the shorter time frame, the four-hour chart shows a certain continuation of the rebound, with no obvious top signal observed yet. In the short term, the key level above the price is around 90,000. If a stable breakthrough cannot be achieved, the 86,000 support will face further breakdown risks. From the one-hour level, the market has entered a narrowing consolidation phase, and the weak pattern has been temporarily repaired, currently showing a boxy oscillation consolidation situation. Although a continuation trend has appeared, it has not shown an upward trend.
Midday thoughts:
Bitcoin short near 89,500-89,800 looking towards 87,000-86,000
Ethereum short near 2,520-2,550 looking towards 2,400-2,370 #比特币价格走势分析
Currently, the support at the 86,000 level still shows a certain effect. From the daily perspective, the price is under pressure and has retreated, forming an oversold phenomenon, which has been corrected in the subsequent bullish rebound, but the overall trend is still dominated by bears.
In the shorter time frame, the four-hour chart shows a certain continuation of the rebound, with no obvious top signal observed yet. In the short term, the key level above the price is around 90,000. If a stable breakthrough cannot be achieved, the 86,000 support will face further breakdown risks. From the one-hour level, the market has entered a narrowing consolidation phase, and the weak pattern has been temporarily repaired, currently showing a boxy oscillation consolidation situation. Although a continuation trend has appeared, it has not shown an upward trend.
Midday thoughts:
Bitcoin short near 89,500-89,800 looking towards 87,000-86,000
Ethereum short near 2,520-2,550 looking towards 2,400-2,370 #比特币价格走势分析
The thought has been validated, successfully breaking below 87000, once again gaining a 2000 point range. #ETH走势分析
A加密博士
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Bearish
The downward trend remains unchanged, continue to short! ! !
The current price is lower than EMA7, EMA30 and EMA120. The short-term, medium-term and long-term moving averages are all in a bearish arrangement, confirming the downward trend. The trading volume has increased significantly, accompanied by a sharp drop in prices, indicating that a large amount of funds have left the market. Today, we still maintain the idea of shorting.
Pie: short around 89800-90100, target 87000
Second cake: empty around 2410-2430, target 2200 #加密市场回调 #ETH走势分析
The downward trend remains unchanged, continue to short! ! !
The current price is lower than EMA7, EMA30 and EMA120. The short-term, medium-term and long-term moving averages are all in a bearish arrangement, confirming the downward trend. The trading volume has increased significantly, accompanied by a sharp drop in prices, indicating that a large amount of funds have left the market. Today, we still maintain the idea of shorting.
The long-term trend fell as expected, and even fell sharply beyond expectations. The current market's large-cycle trend momentum is controlled by the bears. As far as the current situation is concerned, the market outlook remains bearish.
Although the medium-term market has an oblique wave pattern leading this round of decline, as mentioned yesterday, there is heavy support on the bull-bear line and below, and the bulls have strong momentum. In theory, there are no conditions for a direct waterfall decline. But since the price has directly penetrated and turned a blind eye to the abundant bullish momentum, we need to be alert to the risk of "painting doors" in the subsequent medium term, which may even bring a high probability of wide fluctuations.
The short-term trend did not show any reliable structural characteristics during the decline, and the adjustment was not obvious. It fell in small steps and then directly staged a big dive. During the whole process, the bulls had no power to fight back, allowing the bears to run rampant.
SSV has achieved full circulation, with a market value of 212 million. It originated from the Ethereum Foundation's paper, and the technology was written into the Ethereum 2.0 roadmap. The SSV code can be easily found in the Ethereum code base, and it is the leader in the DVT field. After a long period of washing, there are only a few people who hold its chips.
There are many expected benefits: First, the Ethereum ETF can be pledged after it goes online; second, Coinbase has invested in SSV, and it is expected to be listed on platforms such as Coinbase and UPbit; third, the Pectra upgrade will promote the flow of funds into the Ethereum ecosystem; fourth, the SSV token model is about to change. Staking with SSV can reduce the handling fees of Ethereum pledgers, and can also share network fees, enabling empowerment while reducing circulation; fifth, SSV's TVL is showing a violent growth trend. Currently, 1.3 million ETH (worth 3.6 billion US dollars) has been pledged, and it is expected to reach more than 5 million ETH.
Currently at the bottom, it is a very valuable project. The downside of altcoins is small, and once they rise, they may rise several times. SSV can also be regarded as a strong currency. In the past two years, it has risen sharply twice, once from 7 to 50, and another time from 11 to 66.#美联储何时降息? #币安Web3钱包 #美国7月PPI低于预期 #杰克逊霍尔年会 #新币挖矿DOGS
If the Fed cuts interest rates in September, will the cryptocurrency market really see a surge?
My answer is: it will definitely rise, but whether it will be a surge is still unknown.
There are three main reasons:
First, given that the market often sees a short-term rise after the recent positive news, and then ends with a decline, this probability does exist. However, this September rate cut is very different from the past, and perhaps the script will change a lot.
Second, once the interest rate cut is implemented, bank funds will undoubtedly flow out. The first to take over this wave of traffic must be the financial market. In addition to the stock market, the cryptocurrency market may also become the biggest beneficiary. Today's cryptocurrency market has a huge influence in the world, with as many as 560 million participants. Where there are people, there are interests, and the cryptocurrency market is also a suitable place for capital to flow.
Third, except for the US stock market, which has been breaking the previous high, other stock markets are at a relatively low level, which will attract the favor of capital. Many high-quality companies will receive huge financial support, especially the artificial intelligence industry. #杰克逊霍尔年会 #美联储何时降息? #美国CPI数据连续第4个月回落 #币安Web3钱包 #美国7月PPI低于预期
In the morning, the big cake sprinted to 65,000. The change in the air situation structure broke the original expected trend. From the channel breakthrough and structural analysis, it is expected to hit around 67,000. The upper target is about 67,000-69,000, the bottom support is 60,900, and the small support is 62,500. Pay attention to whether it will step back on the upper edge of the channel to determine the timing of the multi-day, and the target is 67,000.
In the world of cryptocurrencies, opportunities and risks coexist. Today, three cryptocurrencies show great potential for bargain hunting on the eve of a big explosion.
First is PEPE. It was once in the limelight, with a market value of nearly $4.6 billion, firmly sitting in the top 50 of virtual currency market value. However, with the ups and downs of the market, the Ethereum ecosystem entered a small ice age, and PEPE was not spared. Its price fell into a low ebb with the fluctuation of Ethereum. But as the old saying goes, there are often opportunities in crises. For far-sighted speculators, this may be the perfect time to quietly lay out, because history has repeatedly proved that after the trough, there is often a peak.
Second is SOL. Its increase is expected to exceed BTC. Logically analyzing ETH can also draw a similar conclusion. Although the current selling pressure of ETH is less than that of SOL, this does not mean that ETH is stronger, but because its structure is one level lower than the market, the selling pressure in the early stage has been released, and the selling pressure is naturally reduced at this stage. However, from the overall trend, ETH may still be weaker than BTC and SOL in the later stage.
Finally, SUI. Sui announced its cooperation with ByteDance. As a new public chain token that has not yet exploded, referring to SOL and Avax in the last round of bull market, its investment lineup is strong. Once it explodes, it is destined to be amazing. Now it has come out of the bottom area and can be held sustainably. The popularity of the public chain leader is durable. Sui's bottom increase after the launch exceeded 800%. Those who participated in the whitelist at the beginning reaped great rewards. It has now increased by nearly 20 times. It's a pity that many people sold it early.