This is so shocking! Is something big going to happen?!
The cryptocurrency market is in a state of liquidation again, with the amount of liquidation exceeding 7 small targets in 24 hours! Short positions are once again being slaughtered! Bitcoin and Ethereum challenge the limits of the air force again and again!
Just this morning at 7:14, Bitcoin broke through $89,475 to set a new high, while Ethereum was temporarily adjusted around $3,300 due to the selling of some profit-taking and locked-in shares, and the market continued to fluctuate!
Just like Brother Sun and other big guys and whales quietly started to sell, causing the second one to encounter huge resistance for a short time, but once it is digested, it will still restart the rhythm of strong rise!
Looking back, the huge green stick last week made the bears regret their decision. How many people foolishly went short below 7 and are still silently suffering? So now, how long can the bears hold on? Are you ready for the next situation?
Today I bring you a wave of hard-core dry goods: the stronger the bull market, the more severe the crash!
This is not an exaggeration! No matter how strong the bull market is, it is impossible for it to rise endlessly. The higher it rises, the greater the pressure. Once the profit-taking leaves the market, the market will fall rapidly. Whenever the market falls, it will attract more new funds to continue to push up prices.
The two long needles at 6 and 9 o'clock are ironclad evidence. After quickly clearing the long positions, the market rebounded in a V-shape and hit a new high! At this time, everyone should pay close attention to the changes in the open interest and rate of the contract to find opportunities for callbacks.
At present, the total network holdings and perpetual fees have reached dangerous highs, and selling pressure may occur at any time. As long as the market dares to turn around, we can decisively escape or enter the market at a low point!
It is still far from the peak. According to historical rules, the peak of the bull market may not appear until next year. Hold the spot firmly and aim for this wave of grand slam! Brothers, are you ready to get on board?
Today's market analysis:
Judging from the K-line, BTC's multi-level trend is brewing a big drama! On the one-hour level, although it has risen slightly, the momentum is obviously insufficient, and the pressure of callback is ready to move.
Looking at the 4-hour level, the current negative line reveals a danger signal, the KDJ indicator is close to a death cross, and the risk of a pullback is approaching step by step, so be careful!
At the 12-hour and daily levels, the overall trend is still upward, but the long-short game is fierce. Next, we should keep a close eye on the key points: the pressure level is $90,000 and the support level is $84,000. Once it breaks through or falls below, it may cause greater fluctuations!
In 2 days, Bitcoin rose from 70,000 US dollars to 89,500 US dollars, an increase of nearly 30%, breaking the historical record again
Although the market has risen sharply, there are still so many people who have been liquidated in long positions, which is enough to show that the number of people participating in the market to take small risks and make big profits is gradually increasing.
In a few days, the news that Bitcoin has broken through its historical high will surely flood the screen, attracting countless “leeks” to flock in!
The influx of new investors has made the already complex market more uncertain. For old players who entered the market at a low price, this is a great opportunity to make a profit, but for those who are waiting and watching with empty positions, it may be a bit anxious - many people still don't believe that the price can rise so high this time, but it has risen abnormally all the way, and they are beginning to panic.
In the cryptocurrency world, being right nine times is not as good as being wrong once! Even if you have made money nine times before, one mistake can put you back to square one.
Don’t envy those “experts” who make money quickly. Every penny of their profit is made through countless margin calls, while ordinary people may be eliminated directly after one margin call.
Recognize your current situation and ask yourself whether you can bear the high risk of the contract. High returns come with high risks. Is there still capital to turn things around after a mistake? Those who lose a lot in contracts and altcoins often overestimate themselves and underestimate market risks!
If you don't have enough capital, it is recommended not to touch high leverage easily, after all, gambling is hard to control. For novices, the right way is to focus on studying the market and identifying big opportunities! The market will tell you everything.
The biggest opportunity in this bull market: DOGE!
Now is the best time to go all in on DOGE. Big funds can give it a try, and the odds for retail investors are also extremely impressive!
This trend is almost a foregone conclusion - currently only DOGE has the strength to outperform BTC. DOGE's market value is only 50 billion US dollars now, which is almost impossible for whales to enter, but the goal is at least 500 billion US dollars! BTC belongs to Wall Street, and Musk is making DOGE a "civilian version of BTC."
Don’t keep your eyes on $1, your first target is $3, and hitting $10 is not a dream! Wait for a pullback, and those who dare to go all-in on DOGE will have the opportunity to achieve financial freedom!
Now that DOGE's monthly line has just broken through, don't be afraid of the high level, as this is the starting point for the pull-up - for whales, 50 billion US dollars is just a small amount of money.
There is no need to ask whether it is a bull market, because the answer is clear: this is a bull market for DOGE!
I remember the "MLM lady" who earnestly advised me in 2017 that I must buy Dogecoin in the Year of the Dog. I scoffed at it at the time, but now I understand that her persistence is the symbol of the meme spirit.
The market continues to fluctuate, and I would like to remind everyone: Never chase rising prices or sell falling prices!
If you want to seize the subsequent opportunities, you should either learn to read the market yourself or find a reliable institution to follow. Relying on luck? Don't dream! If you enter the market with this mentality, the cryptocurrency circle will definitely make you experience what it means to "lose everything".
To make a profit, you need strategy, not luck!
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