SpongeEvolution

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Age 3.3 Year
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Gongzonghao: Sponge Encryption Project, V: HRAA668
Buy long ETH at 2306, add positions at 2268, reduce positions on rebound at 2306; today again break through 2352 and reduce positions again, total profit of 67 points, the final position continues to watch around 2395
ETH forms an ascending triangle, first breaks through resistance at 2352 then pulls back to test the trend line and rebounds again, then pulls back again; the market is like a roller coaster going up and down, with high leverage causing both longs and shorts to be wiped out
From the low point to the high point, Fibonacci 0.618 just coincides with the support at 2306, and the supp
ETH0.35%
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Low liquidity market manipulation, where market makers suddenly sell/buy large amounts of $BTC in thin order books to liquidate leveraged longs and shorts. This week is critical, super data week, pay attention‼️ Market volatility, can 80200 hold... If it doesn't hold, the bears will win.
1. The last key CPI data before the transition will be released on May 12, which may show anomalies due to artificial intervention.
2. On May 13-14, former President Trump visits China, engaging in multi-field bilateral talks and diplomatic exchanges.
3. On May 15, Magnesium Union Zhu completes the presidentia
BTC0.31%
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5.11 Bitcoin and Ethereum Market Analysis: BTC, ETH Highlights for Today
Market Review
Yesterday, BTC remained volatile with a low rebound amplitude, the main trend still bearish, the 4-hour upward trend began to weaken, continue to monitor rebound conditions today, watch for decreasing volume, consider short positions when appropriate, the daily chart remains in a sideways upward movement, showing mild bearish divergence, pay attention to volume changes, wait for 4-hour confirmation before considering following short positions.
ETH moved in sync with BTC, staying within a sideways range on th
BTC0.31%
ETH0.35%
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Today, BTC bulls' defense is at 80,600; as long as it doesn't break below this, stay neutral on the bearish side. Last night, the defense was at 80,200, with the lowest retracement to 80,225 in the second half of the night, basically a key point. Today’s high and low both moved higher, defending 80,600 can avoid profit-taking and preserve some gains, and after breaking 80,600, you can enter a long position near the next support at 80,325.
Last night, I provided the group with partial take-profit points at 81,850, 82,600, and 83,200. The 81,850 level has already been hit, and 82,600 is too clos
BTC0.31%
ETH0.35%
SOL1.61%
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In the past two days, major high-market-cap projects like $SUI, $UNI, and $SOL have also started to show obvious upward momentum!
This rotation cycle is noticeably different from previous ones.
In the past, mainstream coins would usually start first, with funds then spreading to small-cap altcoins, but this round is completely reversed—first aggressively pushing small-cap, high-liquidity altcoins, heating up market sentiment and enthusiasm, and only then do the mainstream high-market-cap coins begin to catch up.
Unfortunately, UNI 3.5 did not follow suit!
SUI12.38%
UNI-1.33%
SOL1.61%
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BTC seamless transition between long and short positions, exiting longs with slight profits while shorts are in minimal floating gains
BTC opened with a large bullish candlestick on the daily chart, starting a three-day consecutive bullish trend; weekly chart closed with an upward shadow and a bullish body, stabilizing above 80,000
Long position at 7.92, exited at 8.04 T1, automatically taking profit in the morning at 8.14, with a total profit of 2200 points from longs;
Yesterday, a short position at 8.14 was precisely entered, currently with slight floating profit, exit upon reaching the targ
BTC0.31%
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Btc basically maintains yesterday's judgment, and in the short term, it still expects a rebound trend, with the high point estimated to be in the 81,500-82,000 range. If it shows strength, it might go above 82,000, which is also the planned entry point for short positions. The specifics depend on the strength of this rebound.
Currently, the decline has temporarily stopped, and the pressure line is being gradually worn down. The price continues to rise, and once this pressure line is worn through and selling pressure is relieved, an accelerated rebound will begin. So, continue to wait for a sho
BTC0.31%
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Next week will be a very exciting week!
On Monday, there may be the first round of voting in the U.S. Senate on the Federal Reserve Chair nomination of the nominee—Vance. Will Vance be approved by the Senate?
On Tuesday, the U.S. releases CPI data—will CPI further intensify?
MSCI index quarterly adjustments are announced (global assets of over $10 trillion track or benchmark against MSCI indices). Which assets will be removed from the MSCI index? Which will be added?
From Wednesday to Thursday (Beijing time: Thursday to Friday), Trump visits China. Will China mediate in the U.S.-Iran agreement
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The visible liquidity has become extremely dry. After the wave led by 1011, some of the remaining funds moved to the US stock market. Many projects actually have very good patterns, but without volume, they can't move up. Except for a few project teams with some money willing to support the market, most projects have no income left and are only relying on monthly unlocks to distribute disaster relief funds.
This is a typical bear market characteristic,
1. Liquidity exhaustion: Funds exit the market, trading volume declines, and price increases are weak.
2. Capital differentiation: Some funds f
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May 9 Bitcoin and Ethereum Market Analysis: BTC, ETH Highlights for Today
Market Review
Yesterday, BTC remained volatile with a low rebound range, the main trend still bearish, the 4-hour upward trend slightly broke support, continue to monitor rebound conditions today, watch for decreasing volume, consider short positions when appropriate, the daily chart remains in a sideways upward movement, showing slight bearish divergence, pay attention to volume changes, wait for 4-hour confirmation before considering following short positions.
ETH moved in sync with BTC, with a slight pullback, staying
BTC0.31%
ETH0.35%
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Trading contracts without stop-losses is like gambler's self-destruction:
In high-leverage contract markets, stop-losses are never optional; they are the trader's bottom line for survival.
Countless losses and failures are caused by overconfidence. People always think the market will turn around, unwilling to set stop-losses, ultimately leading to irreparable losses.
Without a stop-loss, you first face the risk of liquidation to zero.
Contracts come with leverage, so even a slight market reversal can double your losses. Sudden news, major players shaking the market, or dumping orders—without a
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Today I am still paying attention to the same few coins I’ve been following, but I haven't used AI analysis, just my own observation.
$chip After going live with spot trading, it washed out for a period of time, now oi 24m, the fee rate hasn't changed, not to mention anything else, the whales are still here.
$collect When alpha was on contracts before, it was pulled several times, and the price stayed stable for a long time. After going on contracts, it washed out for a long time, now oi 11m, the fee rate is positive.
$siren It washed out for a while and now has come back again, alpha holdi
CHIP2.33%
SIREN-0.73%
MOVR-1.74%
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BCT Long Position Profited 1200 Points
BTC opened this morning with a small bullish candle with a long lower shadow, indicating a potential small rebound in the market
BTC tested the support zone of 7.94-7.92 multiple times yesterday, repeatedly verifying the support's effectiveness; decisively went long at 7.92, with the first target reaching a profit of 1200 points and exiting, while holding the position for further protection
BTC retraced from the top at 8.26 to find support at 7.92, completing a head and shoulders top correction; could the market see a wave of rebound forming a V-shaped re
BTC0.31%
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In about 1-2 months, once the monthly chart rebounds and starts to rise, the weekly MACD will return to the zero axis, and the 3-day moving average will turn strong. Then, a sustained multi-month large upward trend will begin, with daily gains making you feel like you're on a drug. At that point, you still can't get rich quickly, and if you operate in the opposite direction, the more it rises, the more bearish you become. If that's the case, you're not suitable for the crypto market.
Previously, during the alternating bear and bull phases of 2022 and 2023, BTC prices only ranged from 25,000 to
BTC0.31%
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Big news tonight! April Non-Farm Payrolls data is about to be released
March Non-Farm Payrolls reached 178k, with expectations for April directly halving to 50,000–60k, a sharp plunge, while the unemployment rate remains at 4.3%.
Don’t be fooled by the clear cooling in employment; the Federal Reserve still dares not easily cut rates.
Inflation fundamentals are unstable, and employment resilience remains; the Fed only recognizes continued weakening and does not buy into short-term data.
Three possible market scenarios in advance:
Large drop in data below 40k: dollar weakens, gold, Nasdaq, and
BTC0.31%
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On-chain market activity is gradually recovering, right?
Mainnet:
$asteroid Peak close to 200 million, now over 130 million+
$upeg Peak over 30 million, now over 8 million+
$slop Peak over 6 million, now over 3 million+
$sato Peak 30 million, now 15 million+
$sat1 Main upward wave, currently over 10 million
BSC:
$SATO Currently over 1 million+
$elizaok Peak over 2 million, now over 1.5 million
Sol:
$HANTA Peak over 15 million, now over 8 million
Hope to break out and reach new heights, unlocking the on-chain ceiling
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When did retail investors truly start becoming “bag holders”?
Actually, it didn’t happen suddenly in a certain year. Instead, pricing power gradually shifted from the public market to the fundraising stage.
The earliest ones—like that E group—had an ICO price of $0.31, and the secondary market was only a little above $0.4. There was almost no difference between primary and secondary, so even if you missed the earliest round, your cost still wasn’t too far apart, and the full upside was left to the market. By 2018–2020—for example, SOL—there started to be a clear cost tiering: the seed round wa
SOL1.61%
OP-2.19%
STRK-2.65%
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This Zach actually mentioned a lot of coins, except for the first $rave which had a substantial drop, the others didn't really move much.
$rave Started investigating around 22, there was no significant movement, it even went up a little, and even after exchanges got involved, there was still no big change. Then it started to fall, indicating that the project team actively let it drop. $m When he started investigating, the price was around 3.3, and he posted doubts that it would continue to rise, reaching a high of 4.8, and now it's at 3.8.
$skyai When he raised doubts, the price was about
RAVE-1.71%
SKYAI-24.66%
LAB-9.35%
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BTC last night briefly hovered at 79,666 and 79,200 in succession, and the two short-term bullish points have already been surpassed. When the adjustment hasn't ended, the short-term rebound pauses in the middle, typically stopping at a 300 to 700 point profit-taking.
Today, the short-term bullish points are again at 78,888/78,750 and 78,515. The reason 82,000 was broken through and reached is because it stabilized at 78,000. Now, it is testing the support at 78,800-78,150 (8-hour level support). Therefore, the 78,000-82,000 range of 4k points is considered an overall zone. If you receive a lo
BTC0.31%
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