The market is completely bullish! Bitcoin has broken its all-time high, surpassing silver and becoming the 8th largest cryptocurrency in the world! But overnight, BTC plummeted by thousands of points, breaking through 88k, 87k, and 86k! The market is overheated and the volatility is amazing. It is hard not to be excited!
In the past 24 hours, the entire network was shocked! More than 250,000 people suffered liquidation, with a total loss of up to 880 million US dollars! Among them, the loss of long orders exceeded 556 million, and the loss of short orders was 282 million.
Investors who blindly make contracts are destined to sink in the ruthless torture of the market! Long positions are blown up, short positions are blown up, the market is so cruel: if you dare to place an order, it will make you lose all your money!
The market is once again approaching the 90,000 mark, and a rebound is imminent. Will you choose to continue to go long or go short decisively?
To be honest, the current market is completely playing with the mentality of the leeks. The previous rise was so fierce that no one dared to enter the market. The fear of missing out made people step by step empty-handed.
And now, the market has soared to the peak, and everyone is rushing in to go long, thinking that this is the last chance. As a result, the market makers sneered and prepared for a big correction.
Do you understand this game? If not, you may be trapped. In the final analysis, trading is a psychological game. Market sentiment influences our judgment, and trading at this time is like laying a trap for greed.
Pay attention, continuing to FOMO and go long will only lead to a vicious circle. The best choice is to stay away from this gamble, otherwise in the end, even your time will be wasted!
The current situation is very clear! The current market shows that the high sentiment has reached its peak. Isn't this a signal to sell? This is the golden opportunity for short selling. Although short selling is taboo in a bull market, this wave of rise is coming to an end. It is not ruled out that the market makers will lead the price to pull back in the next few days.
Seize this wave of decline and wait for the price to fall to lock in profits. If the callback does not come, set the stop loss at around 90,000, so that the profit and loss ratio is very advantageous! Such operation is completely in line with the short-term strategy.
From a larger cycle perspective, Bitcoin has given a consolidation signal. Yesterday's hammer candlestick suggested that the upward momentum has peaked, and signs of reversal are becoming more and more obvious.
The MACD indicator turned at a high level and pulled back to the overbought area. The short-side force began to accumulate and may explode at any time!
So pay attention to the high point of 90,000 and the support level of 85,000. If the price approaches 90,000, do not hesitate to short it. Continue to hold it after it falls below 85,000. This wave of profits will definitely be huge!
Another possibility is that Bitcoin is oscillating and consolidating in this high range. The 1-hour K-line has shown signs of stopping the decline, the 4-hour K-line is sideways, and the 12-hour and daily levels are still maintaining an upward trend.
The key pressure level during the day is 90000, and the support level is 85500 US dollars. Now is a good time to make precise layout, don't miss it!
The recent market is really crazy! As soon as the callback last night came out, it was instantly seen that the current market heat is still concentrated on BTC, DOGE and meme coins, especially coins like pnut, neiro, act, pepe, and wif, all of which are performing exceptionally strongly!
Some hit new highs, while others were classic V-shaped reversals. Especially after Trump announced his inauguration, Musk once again became the focus - these two are definitely a super combination in the hot spots!
Everyone knows that DOGE is Musk’s “exclusive token”. He not only supports it behind the scenes, but also stands on the platform in person!
Today, Trump officially announced that Musk will work with American entrepreneur Vivek Ramaswamy to set up a department focused on government efficiency (abbreviated as DOGE). It seems that Musk is really serious about pushing DOGE to a whole new level!
Let’s first talk about the PNUT we caught today:
This coin suddenly saw Musk's reply in the morning. Since the news has not spread yet, the K-line has already risen sharply. It is expected that this is Musk's doing, because DOGE has indeed seen an impressive increase recently.
But after rising and rising, everyone found that it could not break through to a new high, nor could it go down. It was probably stuck here, which made Musk want to deviate from other memes, so Musk began to tentatively reply and nominate other copycats, which led to the highest increase of 85% for PNUT today. It topped the list of increase for several hours!
Besides, DOGE will be stronger this round than the last round!
Apart from BTC, the second strongest coin has exploded so much! It was still at 0.32 last night, and today it has reached a high of 0.43. The increase is simply jaw-dropping!
What height can it go next? I have already seen the target of $1! If you haven't got on the train yet, don't worry, continue to be bullish on the pullback, the opportunity is still there.
The general trend is set, and the future prospects of MEME coins related to Musk and Trump are infinitely bright! At present, in addition to Bitcoin, DOGE's performance is absolutely strong, almost firmly in second place!
The current pressure level is around 0.5, but if Musk continues to bring good news, it may directly break through $1!
Once it breaks through $1, the market value will reach $150 billion, which will be half of Ethereum! Friends who missed it, don’t hesitate anymore, when you look back, you will definitely regret it!
If you want to make a fortune in the cryptocurrency world, the key is to have a keen sense of information! As soon as there is big news, react immediately, make decisive judgments, and act quickly. Dare to chase high prices and dare to hold heavy positions. This is the secret to getting rich quickly!
