思域加密日记

Binance chat room has launched the 【private chat】 feature!

Brothers, communication is now more convenient, and you no longer have to worry about important messages being drowned out by screen clutter!

The operation is super simple, and you can do it all at once:

1️⃣ Enter "chat room" in the search bar to find the entrance

2️⃣ Click the 【+】 in the upper right corner to add the chat room

3️⃣ Enter chat ID: syyyds666, one-click search to add

Once added successfully, market dynamics will reach you directly via private chat, and important information will no longer be missed!

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Stay in sync with the rhythm of the market, take one step at a time, and seek progress steadily!

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Yesterday's meeting was positive for ETH, which directly surged to the 2990 position
then it began to rise and fall again. The current market cannot be completely based on news.

$F Get ready to get started
Hope to have a double combo for my pork knuckle rice tonight

#美国非农数据超预期 Today's data recent data time is a bit much
Watch more, be cautious when opening orders
Observe more, first ensure your own survival, just surviving in this market already defeats 99% of people!

$ZEC Honestly, this coin really surprised me a lot
It was right to short it at the right time
Last month it skyrocketed, and after the hype, it was a complete mess.

$HYPE is currently in a state of continuous oscillation and decline, having fallen to 26, and there has still been no acceleration or explosive volume situation. Combined with the upcoming launch of Lighter and the complete release of its own favorable conditions, if it accelerates down to around 20 (the price at which liquidation occurred on 10.11) it is a position worth considering for entry.

In the last 24 hours, a total of 184,439 people worldwide were liquidated, with a total liquidation amount of $601 million! The market has been falling without rising since last Friday night, and anyone with a larger position basically woke up with nothing. The recent turning point was last night when the key levels were not reclaimed, and North America was crashing all the way down, breaking through the levels. At this moment, the bears are undoubtedly strong;

Currently, we patiently wait for intraday consolidation to digest the panic selling pressure from early morning. During the day, it can fall as long as the volume decreases, which is the moment for us to average down in our positions, betting on a rebound to break even or make a small profit. Stay steady; do not buy more if it doesn't fall!

How did you come into contact with cryptocurrency?
Friend introduction X
Platform recommendation X
Accidental discovery X
Enemy sabotage √

Change life, feels like a Binance life
Entered the market first, let's see if it can change my life

The current state of Bitcoin resembles a repeated friction within the range of 98,000 to 110,000, accumulating strength while also 'nurturing' a group of persistent bulls. The result is often a sharp drop that harvests these bulls. Looking at the weekly chart, there have been three consecutive bearish candles, returning to the previous low point. Currently, there is no clear bottoming signal, and the market seems to be searching for the true bottom. The support range from 93,000 to 98,000 is crucial, and the probability of a rebound occurring here is relatively high.
In terms of operations, my thinking is:
The small fifth wave correction ratio of Bitcoin on the 4-hour level looks quite sufficient. One can consider a light long position when stabilizing around the current price of 97,500, but if it breaks below the low point, one must decisively stop loss. This operation mainly aims to bet on a fluctuating rebound; do not get too carried away.
The height of the rebound is key. If it can break through 101,600, the hope for continued rebound is high; if it cannot, then we need to continue looking for support below. If one wants to short, they can focus on the 30-minute or 1-hour chart and consider when a solid energy block appears below the zero axis.
When is a good time to bottom fish?
For those most concerned about bottom fishing, I believe three conditions must be met, none of which can be missing:
First, the funding accumulated in Bitcoin contracts must exceed 500 million USD, indicating that large funds are quietly positioning;
Second, the alerts for fund movement should occur around 10 times, indicating that this is not a random phenomenon;
Third, Bitcoin itself must be in a box-like fluctuation, with prices not rebounding too much, leaving us with ample space.

In the early morning, Bitcoin once again dipped, briefly falling below $108,000, ultimately finding support around $106,300. This kind of trend makes me reminisce about the market trajectory over the past few weeks - whenever the price drops near $106,300, there always seems to be resistance from the bulls.
From a technical standpoint, the weekly MACD divergence is indeed concerning, but the bearish momentum on the daily chart has not shown overwhelming dominance. I noticed an interesting phenomenon on the order book: although the buying amount is not large, the selling pressure has almost disappeared, which often indicates that a rebound is imminent.
Carefully observing the daily chart, one can find that Bitcoin is forming a W double bottom pattern near $106,300. This signal is worth noting, as double bottom patterns are usually important indicators of market stabilization.
Key resistance levels to pay attention to are the $111,300-$111,800 range, as well as the stronger $112,500-$112,800 area. If these key positions can be successfully broken through, we may see the price test above $115,000 again next week.
Personally, I will consider positioning myself when the price retraces to the $108,800-$108,300 range, setting a stop loss below $107,800, with a target looking towards the $110,300-$110,700 range.

The South Korean cryptocurrency custody institution BDACS plans to issue a Korean won-backed stablecoin "KRW1" on Circle's newly launched blockchain Arc.
According to a report by the Korean news agency on Wednesday, this Busan-based company signed a memorandum of understanding (MOU) with Circle to develop and deploy KRW1 on Arc, establishing a so-called "organic cooperation framework."
BDACS CEO Yoo Hong-ryeol stated, "This cooperation is an important step for South Korean innovation to take to the global stage. By deploying KRW1 on Circle's Arc platform, we are opening a door for South Korean companies to participate in the global stablecoin network."
It has been reported that BDACS registered the KRW1 trademark in December 2023, laying the foundation for the launch of the stablecoin. The company officially launched KRW1 in September after collaborating with Woori Bank on a proof of concept. During the proof of concept, the stablecoin was first issued on the Avalanche blockchain. According to news released in September, each KRW1 token is fully backed by Korean won held in custody by Woori Bank, and real-time reserve proof is achieved through bank API integration.

The bullish rhetoric surrounding Bitcoin may ultimately come to an end. Technical indicators and momentum indicators are still issuing bearish warnings. Despite a brief attempt at a rebound, the current trend in the daily chart suggests that Bitcoin may fall below $100,000 in the near future.
Bitcoin is currently trading at around $107,900, but remains below its three major moving averages—the 50-day, 100-day, and 200-day moving averages. All these moving averages have begun to decline, indicating a potential reversal of the medium-term trend. A recent drop below the $110,000-$112,000 range has erased months of steady accumulation, and market sentiment has essentially been reset.
Despite a slight rebound during the day, the RSI is currently at 38, still close to the oversold territory, lacking bullish momentum. Bitcoin has failed to reclaim the 200-day moving average, currently near $108,000, supporting the view that what is affecting Bitcoin right now is structural weakness rather than a temporary pullback. Historically, when Bitcoin falls below and remains below this line, it signals the beginning of a long-term bearish phase.
Market trading volume supports this view, as buyers have stopped buying, and selling pressure has been steadily increasing during the upswings. The macro environment has worsened the outlook. Following a significant liquidation event earlier this week, liquidity in the cryptocurrency market has tightened further, and investor confidence remains fragile.
The psychological barrier of $100,000 was once considered the next significant target, but now it appears more like a ceiling rather than a practical goal. The fact that Bitcoin is still in a bull market should not be misunderstood. Factors such as technical breakdown, weakening trend strength, and insufficient market breadth collectively suggest that the pullback will last for some time. Unless Bitcoin decisively rebounds strongly above $114,000, the path of least resistance will remain downward, potentially testing levels below $100,000 again before a genuine recovery begins.

China's rare earth export restrictions may reshape global risks and the dollar landscape, thereby stimulating the hedging demand for cryptocurrencies and precious metals. In the context of policy shifts and supply chain disruptions, investors are seeking hard assets, and the prices of Bitcoin and gold may rise. Given China's dominant position in rare earth supply, these restrictions could impact electronics, defense manufacturing, and capital markets.
As policymakers weigh their responses, cryptocurrencies like Bitcoin may attract hedging demand due to their decentralized nature and fixed supply, providing an alternative store of value during times of policy and supply chain uncertainty.

The recent price trend of Bitcoin has similarities with the peak of the bull market in November 2021.

The recent price of BTC has broken through the weekly resistance level, but immediately fell below that resistance after a sharp decline. A similar failure of breakout was also seen in November 2021. This trend usually indicates market weakness.

From the URPD indicator chart, it can be seen that the cost basis of the large supply lies between $117,500 and $120,000. The holders of these tokens are now naturally in a loss position, so if BTC recovers to the breakeven level, they may panic sell, fearing further losses.
Considering the scale of supply involved, this selling pressure may become evident when retesting that range, potentially making it a major resistance barrier for the asset.

The price of Ethereum continues to find support above $4,020 and has initiated a wave of recovery similar to Bitcoin. The ETH price has successfully risen above the resistance levels of $4,050 and $4,120.
The price has clearly broken above the 61.8% Fibonacci retracement level of the downward wave from the high of $4,275 to the low of $3,826. The bulls even pushed the price above $4,200. Additionally, on the ETH/USD hourly chart, a connecting bullish trend line is forming, with support located at $4,100.
The price of Ethereum is currently trading above $4,150 and the 100-hour simple moving average. It is also above the 76.4% Fibonacci retracement level of the downward wave from the high of $4,275 to the low of $3,826.
On the upside, the price may face resistance around $4,220. The next key resistance level is around $4,250. The first major resistance level is around $4,275. If the price breaks clearly above the $4,275 resistance level, it may push up to the $4,320 resistance level. If the $4,320 region is broken, it may see more upward movement in the coming trading days. In this case, Ethereum could rise to the $4,450 resistance level, or even $4,500, in the short term.