From a technical perspective, the price has risen into a correction, with increased volume at the bottom and active trading.
From a data perspective, there is a short-term surge in volume, and the funding rate is -0.65% (bulls are dominant), with the transaction volume/market value severely overweight.
Both the data perspective and the technical perspective are worth paying attention to. Waiting for the price to break through further and strengthen, there is a chance to initiate a second round of increases.
I feel that the level of the UXLINK operator is not very good, not as skilled as the previous few counterfeit operators.
The price difference between the contract and the spot market is created during the process of crashing the market, meaning that the whale is preparing to crash the market, and first opens a short position in the contract to profit from the spot market crash.
However, it seems that at this stage, too many short positions have been opened, directly causing the price difference between the contract and the spot market to widen significantly, and the funding rate has reached its peak. This means that if they are unloading, the whale can only act quickly; otherwise, the cost of maintaining short positions will be substantial.
Alternatively, from another perspective, this could become a short trap? A market crash publicly announces the end of the trend, and everyone thinks that after such a crash, the trend is over, resulting in all those who chased the long positions being wiped out, and then slowly building long positions with negative funding rates, continuing to control the spot market for a second rally.
Overall, current positions are still increasing, and the market is still in a tug of war, so the probability of a direct end to the short-term trend is relatively low. If the whale has opened short positions, they will definitely look for a position to close; with such a large price difference, when closing, it will show a decrease in positions and a rebound in price, which would be the last chance to escape. If the whale wants to control the market a second time, then the positions are unlikely to decrease quickly, because they also need to build some long positions here to earn the funding rate. If the market stops falling, or even slightly strengthens, they can follow up with a little bit of ant positions, and if there are unrealized profits, they can slowly increase their positions.
After announcing its launch on Binance, it surged 3 times and then fell back to 70% After a narrow fluctuation at the low point for more than 4 days, it broke through again and rose by 100%, forming the first strong segment.
The market then entered a long period of adjustment, which is considered sufficiently adequate from this cycle perspective.
MOCA data also showed anomalies: 1/ Funding rate -0.1%, which is more favorable for long positions. 2/ 24H trading volume ranks 10th in the entire market, indicating market capital attention. 3/ Trading volume/market cap shows a special anomaly, 1.68 billion/460 million, an extremely high ratio.
Combining price trends and anomalous data, it belongs to a special strong category, has the potential for a second breakthrough, and is capable of entering a second round of strong upward trend. #MOCA
After announcing its launch on Binance, it surged 3 times and then fell back to 70% After a narrow fluctuation at the low point for more than 4 days, it broke through again and rose by 100%, forming the first strong segment.
The market then entered a long period of adjustment, which is considered sufficiently adequate from this cycle perspective.
MOCA data also showed anomalies: 1/ Funding rate -0.1%, which is more favorable for long positions. 2/ 24H trading volume ranks 10th in the entire market, indicating market capital attention. 3/ Trading volume/market cap shows a special anomaly, 1.68 billion/460 million, an extremely high ratio.
Combining price trends and anomalous data, it belongs to a special strong category, has the potential for a second breakthrough, and is capable of entering a second round of strong upward trend. #MOCA
Easier three times a year, harder to double in three years.
This brother has been telling me about his trading progress. At the beginning of the month, he turned 100 into 10,000 in one day. I advised him to withdraw most of the profits, but he didn't listen, and by the evening, it was all gone. Today, he went from 1,200 to over 4,000 again, and I advised him to withdraw first.
For some partners with a smaller principal, I tend to be aggressive in accumulating the first pot of gold at the right moment, but accumulating capital is very important, and keeping the principal is even more crucial. If profits are not realized, it’s as if there were no profits; if you don’t spend the money you earned, it’s as if you didn’t earn it at all. That’s just a growth in numbers, which can be wiped out at any time in the market.
Accumulating principal can be somewhat aggressive, but it must be in the right direction. Short-term profits obtained through high leverage are no different from gambling. In gambling, when betting on “breaking through three levels,” you only need to be correct three times in a row to multiply your bet by eight times. Isn’t that easier and more forgiving than high leverage, and does it accumulate faster? But can this method be used continuously? Can one profit in the long term through this method? This is what traders should think about.
Consider the long-term feasibility of the model before executing operations.
If one seeks high leverage to accumulate capital first, it will ultimately form an incorrect path dependency. Having previously earned ten times like this was just bad luck when losing. Next time, I can still earn ten times using this method. For traders, they may only see the tenfold profit but overlook that the process of trial and error leading to zero has already exceeded that tenfold.
I've really been busy lately and don't have much time to look at the market, so I'm only looking for some larger opportunities to try. $BTC
So let's briefly talk about BTC. From last night to today, it has been in a rebound, briefly breaking through 99000. However, part of this is due to the U.S. stock market opening low last night and eventually ending up with a 1% increase. Recently, BTC's movement has been extremely similar to that of the U.S. stock market, which is one of the important factors for last night's rebound.
However, I believe that BTC may not necessarily reverse upward directly at this point. From a trend perspective, although it broke through 98000, it immediately fell back, proving that there is still resistance above. BTC seems more like a rebound after an oversell, rebounding well, but the chips have not fully settled. From this angle, the probability of a direct upward movement is not that high. If it adjusts and breaks through 98000 after 2 days, the opportunity could actually be greater.
For now, I don't have much desire to trade and will continue to observe.
We cannot interpret or predict all market conditions, nor do we need to participate in all fluctuations. Let's wait for the right opportunity to take action.
Good news, good news! Dogecoin funds began to flee, retail investors got off the car, the car became lighter, more conducive to pull the market!
I have been paying attention to the trend of Dogecoin before, and I think the structure is very good, but the main reason for not being able to pull the market is that the retail car is too heavy and no one is carrying the sedan chair. This round of callback has made retail investors go down. Although the structure is not that good, I think it is healthier from the perspective of chips! $DOGE
Bitcoin continues to fall, and the number of liquidations on the entire network continues to grow. Are the long positions all liquidated? When will the market go long at a very low price? | Sanmu $BTC
The SOL old wallet has the chance to receive airdrops of Penguin Coins, you can check it out yourself. I managed to score a free pig's trotter meal again 🤣
$TROY 24H trading volume has been consistently higher than market value, with open interest being 1.5 times the market value. This is considered special abnormal data.
At the same time, there are signs of a price breakthrough from the bottom range, which can be monitored.