Again?! Do you know why Ethereum's decline is smaller than BTC? Because Justin Sun has made another move!
Following our previous report that Justin Sun bought 200,000 ETH, Justin Sun has now transferred hundreds of millions of USDT to his Binance account.
Sun has been a little crazy recently, buying more than 1 billion ETH, causing the exchange rates of Bitcoin and ETH to reverse. Now Ethereum's decline is smaller than BTC, because Sun and Wu Jihan and others are buying a lot, which is probably to prepare for the ETF hype on May 23, or the Ethereum Prague upgrade in late summer.
All the chips sold by retail investors in panic were bought by him. This year is 2024 minus half a year, and May is coming soon. The big bull is not far away. Don't give up hope, don't sell your chips to Sun! 🐰

Why can't Bitcoin fall further when there are so many negative factors?
Because there are really not many long orders that can be liquidated in the contract market. Now the long-short liquidation ratio has reached an astonishing 20:10 billion US dollars, and the contract funding rate has become negative. There are too many shorts in the market.
However, there are only some long positions that can be liquidated at 62,500 and 61,000, while there are a lot of short positions on the right, with tens of billions of fuel, and the closest one is 65,500. Long orders can pay attention to entering the market near 62,500 and 6W1.
The contract market is conserved. If someone makes money, someone must lose money. You can't make much money by exploding longs, but the profit of exploding shorts is huge. So shorts should be careful. From 74,000 to 60,000, the opponent's orders are almost eaten up by you, and you are still not satisfied.
Things will turn around when they reach their extremes. The arrival of the bull market later requires these short order fuels.

Hehe, WIF is just so crazy. Do you like it?

The cryptocurrency market is about to be shaken! The inflation data that Wall Street values ​​most is coming again.
The U.S. stock market has already fallen in panic before the market. The last time CPI was higher than expected, Bitcoin also plummeted by 4%, because this would delay the Fed's monetary easing.
This time the PCE will be released at 8:30 tomorrow night. If it is lower than expected, it is positive, and if it is higher than expected, it is negative. Because inflation has not come down, if the Fed does not release money, all kinds of assets will lose blood, so Friday's inflation data is very critical, and now it is falling in panic.
I hope PCE can give us a surprise this time!

What's going on? WIF is out of control again

WIF is taking off again! This is definitely the new dog king of this bull market!
Since we talked about it on Monday, WIF has soared by 15%+, which is really amazing, and the increase is far beyond other coins. Shuqin has been recommending WIF for a few months, because the dog coin is all about the community. Every time I see WIF, I am shocked by them. These people are very crazy.
Congratulations to those who entered the market at a low price with Benqin before. If you haven't entered the market yet, it's best not to chase high. Let's see if there is a pullback
You see that the so-called kings are half dead, and the increase is barely enough, but how can they be as fierce as our dog king. 🤣🤣

Awesome! I just heard that Sun Ge entered the ETH market this afternoon, and ETH broke through... Various altcoins also rose

Justin Sun has made another move!
You can say that Brother Sun is a sickle, but you cannot deny that he is definitely smart money. Justin Sun has been buying 200 million ETH crazily when Ethereum was between 2900 and 3100 these days, and he was still adding to his position this morning.
Shuqin also mentioned before that another giant in the currency circle, Wu Jihan, was also buying a lot, buying more than 100,000 ETH.
These people have almost unlimited bullets, and they are opening their huge mouths to swallow your chips. They will take as much as you sell.
Now the currency circle is about to enter May, and it is not far from the start of the bull market. It may break out at any time. And Shuqin also asked everyone to buy the bottom in various ways before. The coins I saw all rebounded well.
Last night, I talked about the congestion of the Bitcoin network, which is good for STX and other L2s. As a result, it exploded again today. Congratulations to everyone~😘

The dream came true, and Pendle, which added positions at 5.5 and 6u, also started to criticize!
Now BTC contracts, WIF and PENDLE are performing well, very strong. Pendle and WIF both have the support of the big boss Hayes.

Is the signal of a full-scale counterattack coming?
If you are not sure about the trend of Bitcoin, you can refer to the trend of Wall Street!
The Nasdaq, which is closely related to the trend of Bitcoin (if not completely consistent), fell vertically last week, falling by nearly 10%. It is expected to start a rebound tonight or tomorrow night when it reaches the 17W support.
The trend of Bitcoin is almost the same as that of Nasdaq, so if the US stock market rebounds in the next few days, there is a high probability that Bitcoin will rebound with it.
The trend of Bitcoin is also a little stronger than I expected. It fell back to 63,500 at 65W5, but stopped falling at 64W4 and continued to rise. I think the probability of following the US stock market's volatile rise in the past few days is still quite high.
And we have also held all the small coins that we bought at the bottom. Previously, they fell a lot due to sudden negative news, and now they have rebounded more. Shuqin did not let everyone cut their losses at the lowest point, but asked everyone to increase their positions and hold them. It is still good now~

The cryptocurrency market has started a full rebound!
Bitcoin has rebounded nearly 10% from its low of 59,000, and small coins are also recovering. Bitcoin has rebounded so much, and there is a probability that it will step back to the 63,300 neckline for confirmation.
We have analyzed in many programs before that when the market plummeted, big investors were buying a lot. We also took the opportunity to buy the bottom of various hot coins, and never let everyone sell at a low price. Now it is finally time to reap the rewards~
After the halving, it is expected to continue to fluctuate and consolidate, which is suitable for trading in waves, waiting for the big bull to start. 🐰

WIF retraced to 2.7 and launched again!!!

WIF has started to pull back! What will happen next?
When the price of Gouzi skyrocketed yesterday, we notified everyone to short-term sell at the top. We also posted this in the square to let everyone sell at the top. Because I saw that many big investors took advantage of the surge to place orders to ship goods. Now it has indeed returned to the 2.7 we mentioned, right? However, there is also a chance to go to 2.5 in this case.
As for the long orders of Bitcoin, we let 6W5 run away yesterday. It turned out to be a resistance and started to pull back.
According to the last halving, Bitcoin will most likely fluctuate up and down for several weeks before breaking through, so it is more suitable to play with bands during this period.
These are updated in real time based on data~🐰

WIF is definitely the new dog king in this bull market! Dare to rise or fall, dare not imagine where it will fly to when the bull market really comes.
In the short term, 3u is a resistance to WIF. Those who do swing trading can stop part of the profit and see if they can buy it back at a lower price.

Bull markets are always born in pessimism, grow in doubt, mature in optimism, and die in excitement.
Cryptocurrency speculation depends not only on the price, but also on the mentality. Shuqin has always encouraged everyone to buy at the bottom and hold on bravely, and not give up hope.
No matter how good the order is, he can't hold it because of a bad mentality. We not only have the operation point but also the psychological massage, as well as the wisdom of old leeks.
Big investors are buying at the bottom, so I can't guarantee a complete reversal, but there is no problem in taking advantage of this rebound! 🐰

This time, Bitcoin fell below 60,000, but there was no big waterfall that everyone was worried about.
The shorts were very disappointed, and the holders of the currency strengthened their confidence and started a small rebound.
The three largest retracements of Bitcoin from last year to now are about 22%. Now it has actually reached a very critical position.
The last time this kind of market was the 2W5 defense battle last year. That time it attacked three times in a row without breaking, and the last time it was a false break to lure the shorts, and then it took off completely.
No one dares to guarantee whether the script will be played out like that this time, but it is okay to buy some spot stocks in batches, because although Bitcoin has hit a local low again, small coins are far away from the previous low, and it is obvious that it can no longer fall, and a lot of funds will pick up the corpse next time.
And the BNB positive news we talked about yesterday is also very strong now. In a sea of ​​blood, only BNB has a green light. I am still very happy to eat this wave of small meat~😘