Market Analysis - Bitcoin experienced a dramatic price movement, initially rising towards previous highs before a sharp decline, ultimately closing as a bearish candlestick [1] - Liquidity heatmap analysis revealed concentrated liquidity above the recent price action, suggesting a hunt for stop-loss orders before the downward move [1] - The analyst suggests that news events, such as rumors of a potential ceasefire in the Russia-Ukraine war, may have contributed to Bitcoin's volatility [1] - Ethereum's upward movement is heavily reliant on Bitcoin's performance, facing difficulties in rallying independently to fill gaps [1] Trading Strategy - The analyst anticipates a potential deeper correction on the daily chart, suggesting a bearish outlook and favoring adding to short positions on rallies [1] - The analyst advises caution on short-term long positions due to the recent volatility and recommends waiting for rallies to higher levels to add to short positions [1] - The analyst suggests that if the market structure shifts to create a lower low, a lower high could form, presenting a potential shorting opportunity [1] - The analyst identifies potential short-term long opportunities near specific support levels but emphasizes the importance of patience and waiting for favorable shorting opportunities in line with the overall trend [1] Risk Management - The analyst emphasizes the importance of technical analysis as the primary guide for trading decisions, while acknowledging the potential influence of news events [1] - The analyst recommends using Bybit, Binance, and OKX exchanges, highlighting their discounted fee structures and offering access to a Discord community for small trading volumes [1]

Market Analysis & Predictions - Bitcoin is showing signs of a potential rebound after a decline during the new moon cycle [1] - A previous low point may be broken, testing a head and shoulders bottom formation before potentially rebounding [1] - A small rally may occur if the daily candlestick closes above 113,100 for the baby usdt currency [1] - Bitcoin may consolidate for a period, potentially testing liquidity above before a significant drop [1] - A gap identified in the 4-hour chart has been tested, with bullish signals indicated by the inability to break through resistance [1] - Two scenarios are presented: continued upward movement if the price doesn't fall back, or a potential short position if a false breakout occurs [1] - A cup and handle pattern may form, with a likely upward movement if volatility decreases and trading volume declines [1] - A price target of around 120,000 is identified, with close monitoring of price action for potential shorting opportunities if the level is breached and rejected [1] - Ethereum is expected to follow Bitcoin's pattern of a false breakdown and liquidity grab, potentially offering a long opportunity if it reclaims a key level [1] Trading Strategy - Stop-loss placement is suggested above a false breakout point around 120,000 to capitalize on potential liquidity sweeps [1]

Market Analysis - The analysis suggests that Bitcoin is currently facing some challenges at the daily chart level, with potential difficulties in determining the optimal trading strategy due to market volatility [1] - The report considers the possibility of a "fake breakout" scenario, where the price might initially rise to trigger stop-loss orders before reversing downwards [1] - The analysis suggests that large capital may not allow traders to easily set their short stop-loss orders, indicating a potential for market manipulation [1] - The report suggests the possibility of Bitcoin accumulating short positions before rising to break through previous highs, potentially creating a short squeeze [1] - The analysis indicates that Ethereum (ETH) may follow Bitcoin's downward trend, potentially breaking through lower support levels [2] Trading Strategy - The analyst is inclined to wait for a higher price point, specifically around $120,000, before considering shorting Bitcoin, despite the risk of missing a potential downward move [1] - The report suggests that if one is concerned about missing a potential downward move, a small short position could be initiated with a stop-loss order placed above the recent high [1][2] - The analysis suggests that a key level to watch for Ethereum is a potential fake breakout at previous highs, which could present a shorting opportunity in conjunction with Bitcoin [2] Liquidity and Market Sentiment - The analysis suggests that liquidity plays a significant role in driving market movements, especially within smaller ranges [1] - The report notes that stop-loss orders are likely clustered around previous highs, indicating a potential target for market manipulation to liquidate these positions [1] - The analysis observes an increase in short positions being opened during price declines, but without a corresponding drop in price, suggesting a potential short trap [1]

Market Analysis & Predictions - The analysis suggests that Bitcoin's recent weekly performance is strong, but it's within a consolidation phase, diminishing the significance of bullish engulfing patterns [1] - There's an expectation of a potential bearish candlestick formation in the coming week, which could signal a downturn [1] - The report identifies a target profit-taking zone based on previous high points, suggesting a possible AMD (Accumulation, Manipulation, Distribution) pattern completion [1] - The analysis points out that liquidity has been taken from multiple similar high points, achieving the effect of hunting stop-loss orders for long positions [1] - The report suggests a potential retracement even during a full moon, despite popular belief, due to liquidity grabs and stop-loss hunting [1] Technical Indicators & Patterns - Bitcoin tested previous highs and retraced by 0.66%-0.68% before rising, reaching a previously identified target area [1] - The analysis highlights the importance of a specific trendline, suggesting that staying above it is crucial, while a break below could indicate a false breakout designed to hunt stop-loss orders and gain liquidity [1] - The report mentions a potential small gap on the BB (Bollinger Band) chart that could be filled during a minor rebound, with a possibility of further downward movement to establish a short position [1] - A potential CBD (Correlation Breakdown) divergence is noted on the hourly chart, which could indicate a bearish outlook [1] Comparative Analysis - Ethereum is considered stronger than Bitcoin, as it has transformed previous resistance into support [1] - Bitcoin's unusual trading volume with long upper wicks suggests potential issues, especially if combined with spot market data indicating buying pressure without price appreciation [1]

Market Trend & Meme Coin Analysis - The author has observed multiple meme coin cycles, including DOGE's rise to a $90 billion market cap and SHIB's surge to $43 billion [4] - The author claims to have made 7-8 figure (USD) profits in previous meme coin cycles and is now publicly trading USELESS coin [7][8] - The author believes USELESS coin possesses a "sixth sense" quality for success, fulfilling conditions for explosive growth unlike other meme coins in recent years [8] USELESS Coin Fundamentals - USELESS Coin acknowledges the fact that 99% of cryptocurrencies are "useless," which becomes a powerful narrative with a high market cap [9] - USELESS Coin has over $115 million in DEX liquidity across multiple pools, which is rare for meme coins at its current market cap [10] - USELESS Coin recorded over $50 million in DEX trading volume, ranking third among on-chain meme coins behind FARTCOIN and TRUMP [12] - USELESS Coin's daily on-chain trading volume has been averaging $40-60 million [12][13] Potential & Future Prospects - USELESS Coin's listing on Bybit Perpetual is seen as the beginning of a domino effect, with potential listings on other CEXs like Binance, Coinbase, Robinhood, and Upbit [14] - USELESS Coin has risen 7,700% in just over a month, yet 90% of crypto Twitter users are either "hating" or "completely sidelined," indicating further potential [16] - The author believes USELESS Coin has all the elements of previous explosive meme coins like DOGE, SHIB, PEPE, and FARTCOIN, plus immense "rejection" and "jealous sidelined" sentiment [17] - The author is confident that USELESS Coin is destined to reach a $1 billion market cap and become a top 5 meme coin [17][19]

Market Analysis - Bitcoin is currently in a narrow consolidation phase with low trading volume, indicating a lack of clear directional movement [1] - The analyst suggests that a breakout to the upside would likely involve taking out previous highs with significant volume, which hasn't occurred yet [1] - The analyst notes the potential for Bitcoin to rise, driven by liquidity around previous highs where short positions' stop losses are concentrated [1] - Ethereum shows a positive trend with expectations of further upward movement, especially breaking through previous highs [1] Trading Strategy - The analyst advises against opening positions in Bitcoin within the current range due to low volatility [1] - For Bitcoin, a preferred strategy is to consider long positions after a dip below support levels followed by a recovery, or short positions after a bearish engulfing pattern at higher levels [1] - For Ethereum, the analyst suggests adding to long positions on dips and taking profits near previous highs, with a potential short opportunity if a bearish engulfing pattern appears alongside a false breakout in Bitcoin [1] Potential Risks - The analyst mentions the possibility of Bitcoin breaking below a parallel bottom before potentially breaking the triangle pattern upwards [1] - The analyst points out the potential for a false breakout in Bitcoin at previous highs, coinciding with a bearish engulfing pattern in Ethereum, which could signal a shorting opportunity [1]

Market Analysis - Bitcoin's recent pullback with low volume suggests it's a healthy correction, not the start of a bear market [1] - A breakout above the descending trendline on the daily chart could attract more buyers and test previous highs [1] - Liquidity (stop-loss orders) above the recent high acts as an attractive target for price movement [1] - The analyst is primarily bullish on Bitcoin, advocating for a "die-hard bull" strategy in an uptrend [1] - Ethereum has completed a small-scale AMD (Accumulation, Manipulation, Distribution) pattern, indicating a potential move towards 2990 [2] Technical Indicators - On the hourly chart, breaking below previous lows and then recovering suggests a potential rally [1] - Volume is increasing with price, and open interest is steadily rising, indicating a healthy uptrend [1] - The analyst is cautious about shorting Bitcoin, especially while liquidity above remains untapped [1] Trading Strategy - Consider taking partial profits at the AMD target level for existing long positions [1] - The analyst prefers to enter long positions after a false breakdown of previous lows, rather than chasing breakouts [1] - The analyst will turn bearish if there's a clear fake breakout with high volume and a sharp decline [2] Exchange Platform - Bybit is the preferred exchange for technical analysis, and Binance offers a 40% fee discount [2]

Market Analysis - Bitcoin is still in the process of rebounding, with potential for further upward movement after consolidation [1] - Many traders are anticipating a pullback and attempting to short Bitcoin, but the analyst is hesitant to short, even if a pullback occurs [1] - A breakout from the ascending triangle pattern could trigger more long positions and potentially lead to new all-time highs, but a false breakout should be monitored [1] - The analyst notes that the current rally is steep, leading some to aggressively short Bitcoin, but advises against this without significant changes [1] Funding Rates and Sentiment - Bybit's Bitcoin USD funding rate is negative, indicating many traders are shorting Bitcoin, which historically has led to further price increases [1] - The analyst remains optimistic due to the negative funding rates, suggesting a potential for continued upward movement [1] Liquidity and Target Levels - The highest liquidity for Bitcoin USDT on Binance contracts in the past month is around $110,000, suggesting a target for price movement [1] - Many traders have placed stop-loss orders above this level, creating attractive liquidity for price to reach [1] Ethereum Analysis - Ethereum is currently consolidating within a channel, and a breakout with a strong bullish candle could signal a move towards higher levels [1] - The analyst references a previous pattern (AMD) where a breakdown followed by a recovery led to higher highs, suggesting a similar potential outcome for Ethereum if it breaks back above the channel [1] Exchange Recommendations - Bybit is recommended as the most suitable exchange for technical analysis [1] - Binance and OKX are also mentioned, offering fee reductions and access to a Discord community for timely market updates [1]