The market has once again settled into its familiar weekend pattern. Without buying pressure from U.S. markets, it has continued to move sideways. Unlike the consolidation two days ago, this move is seeing accumulation at the bottom of the range. Based on last week’s price action, there’s a good chance of a recovery. Let’s see whether Asian-market funds will buy the dip. $BTC
A lot of people think Bitcoin will drop to 70K or even 65K, and believe it needs another deep sell-off before it can rise. There are currently plenty of retail traders shorting or waiting for lower entry points, but will the market really give them that chance to get in? I’m not so sure.
Another reason many people are bearish is the prospect of Trump losing the election and the Democrats taking full control in January 2027. But most of that fear seems to have been priced in already; personally, I even think it could be positive. In the short term, the market may shake out and repeatedly flush weak hands, but you shouldn’t trade against the broader trend. #ETH at 2,200–2,150 is at the bottom of the range and is also the strongest support on the quarterly chart. I don’t think it’s worth shorting just to catch the last bit of a move.
However, during this period, if there’s no sustained inflow of ETF funds or positive catalysts, don’t hold futures positions for too long, and don’t use high leverage—otherwise, you could easily get shaken out. Short at resistance and go long at support. For intraday trades, follow the daily trend, then look for shorts at higher levels on the 4-hour and 1-hour charts, and longs at lower levels. This should be relatively safer.
For altcoins, keep an eye on those that are holding up or falling less, but could rally sharply once the majors stabilize, as well as those that have been thoroughly shaken out and are seeing accumulation near the bottom. These offer lower risk and better value. Hot altcoins: $UNI , #zec . They’re currently showing greater strength. 【UNI: Whales continue to buy, and institutional cost basis is around $10, so following the institutions and buying the dip is a more measured approach. ZEC: Funds continue to flow in ahead of the mainnet upgrade, with backing from top institutions and the strongest privacy narrative. There are plenty of short positions above waiting to be liquidated, and most importantly, the major players haven’t left.】
A lot of people think Bitcoin will drop to 70K or even 65K, and believe it needs another deep sell-off before it can rise. There are currently plenty of retail traders shorting or waiting for lower entry points, but will the market really give them that chance to get in? I’m not so sure.
Another reason many people are bearish is the prospect of Trump losing the election and the Democrats taking full control in January 2027. But most of that fear seems to have been priced in already; personally, I even think it could be positive. In the short term, the market may shake out and repeatedly flush weak hands, but you shouldn’t trade against the broader trend. #ETH at 2,200–2,150 is at the bottom of the range and is also the strongest support on the quarterly chart. I don’t think it’s worth shorting just to catch the last bit of a move.
However, during this period, if there’s no sustained inflow of ETF funds or positive catalysts, don’t hold futures positions for too long, and don’t use high leverage—otherwise, you could easily get shaken out. Short at resistance and go long at support. For intraday trades, follow the daily trend, then look for shorts at higher levels on the 4-hour and 1-hour charts, and longs at lower levels. This should be relatively safer.
For altcoins, keep an eye on those that are holding up or falling less, but could rally sharply once the majors stabilize, as well as those that have been thoroughly shaken out and are seeing accumulation near the bottom. These offer lower risk and better value. Hot altcoins: $UNI , #zec . They’re currently showing greater strength. 【UNI: Whales continue to buy, and institutional cost basis is around $10, so following the institutions and buying the dip is a more measured approach. ZEC: Funds continue to flow in ahead of the mainnet upgrade, with backing from top institutions and the strongest privacy narrative. There are plenty of short positions above waiting to be liquidated, and most importantly, the major players haven’t left.】