BTC's short-term direction is about to be decided, chip distribution reveals key supportBitcoin has shown signs of pullback recently, but 93500 below will be a strong support, and if this level is not broken, the overall trend will not change for bulls! Many people think this rebound has reached its limit, which only shows a lack of market understanding. A major trend shift requires support from major forces! Currently, many institutions are positioning in Bitcoin, and the overall liquidity of Ethereum looks promising, so the trend has not reached its limit, and 100,000 is not far away! BTC's small-scale price is near support, experiencing short-term oscillation, but slightly weak, so long positions are not recommended for now. It's advised to wait for a pullback before considering entry, and continue to focus on the area around 93,000
Long BTC at 93500-94000, target 96000-98000 area. Defend 92500. Long ETH at 1740-1780, target 1880-1980 area. Defend 1700
The crypto market is about to experience intense volatility! From May 7-8, three major events will consecutively appear, potentially reshaping the crypto landscape, recommended to closely monitor: May 7: Ethereum will undergo a critical upgrade, which may inject powerful momentum into its ecosystem and change market competitive dynamics; May 8: Federal Reserve rate decision and monetary policy press conference, where Powell's speech will directly impact the US dollar trend, thereby triggering global financial market tremors. Currently, SOL token shows strong rebound momentum, and the Conan project is also gathering strength. For investors, it's recommended to remain calm, firmly hold quality assets, actively follow industry dynamics, seize potential opportunities, and await market dividend release.
A major market trend is coming:
1. Bitcoin's final push: After BTC completes its main upward wave, funds will inevitably overflow to Altcoins, this is a historical pattern
2. Quality Altcoins have reached bottom: Some projects have been thoroughly cleansed of chips, and market makers are just waiting for the right moment
3. Market sentiment is ready: Old investors are waiting for this opportunity, FOMO will be more explosive than a rocket
How to choose coins? Remember these points:
- Chip distribution: Check large holder percentage, too concentrated risks dumping, too dispersed can't be pumped
- Main force movement: Whether continuous funds are entering, coins without market makers are dead water
- Community heat: Twitter, Telegram activity, avoid coins without community consensus
- Narrative logic: AI, chain games, Depin tracks still have stories
Key points:
- Strong Altcoins: Resist drops during BTC pullback, lead in rebounds, just buy blindly
- Weak Altcoins: Continuous decline, no volume or community, quickly cut losses without hesitation
Now is the moment to test vision, choosing right means 3-5x easily, choosing wrong might lose principal. Remember, Altcoin season is about quick in and out, don't fall in love, take profits and run!
Siren
I started positioning Siren from obscurity, first winning daily champion and runner-up in Binance trading competition, then on Binance futures, later attempting spot without success, but looking back, those who made it to spot are now far behind Siren.
Siren pulled the market for an entire month, price approaching historical highs, such projects committed to pulling market are rare. Those who followed and bought made money, recover principal and leave profits, long-term building of Siren will definitely yield good returns
Fartcoin
From a technical perspective, Fartcoin's price is within an upward channel. Although price is at high levels, it hasn't broken the channel, with strong upward momentum. Small-scale price is oscillating near the lower edge, observing support strength, will consider a long position if strong
PEPE
On-chain meme king PEPE, after the last crash, allowed everyone to enter at 657-570, this rebound gained nearly 50%. Spot players gained substantial profits. New opportunity arrives, daily chart shows it will follow BTC trend. Lower support at 772, strong support 657-570, recommended to boldly enter. Afraid of missing out, spot can enter 2 layers at 772. Next wave of rise, PEPE might lead, recommend DOGE and PEPE. In crypto, understanding is the wealth password! Altcoin spot and large MC memecoin short-term wave opportunities, long-term investment strategies, and entry timing and position allocation. Grasp market pulse first-hand, whether bull or bear, to make investment decisions ahead of others, interested add WeChat: xy368975
