Conveying the Way of Trading, Enjoying a Wise Life.
1. Review of Trading Strategies
ACH: On the 16th, we provided an entry point at 0.0235, and as of now, its price has risen to 0.032, an increase of over 28%, showing impressive performance.
Trump Coin: The entry price was between 18 - 19, but the current price has broken down and hit the stop-loss level. For investors looking to position themselves in Trump Coin for the medium to long term, it is advisable to keep an eye on it and wait for a more suitable opportunity.
IP: As an emerging coin backed by A16Z, it has significant potential. We recommend entering in batches below 1.5 USD. Previously, it dipped to a low of 1.38, and the current price is around 2.0, with a generally optimistic outlook for future gains.
MOVE: Considering a large amount of unlocking next month, we reminded everyone yesterday to recover costs to avoid risks.
SOL: Due to a large unlocking on March 1, it will face selling pressure, so the bottom-buying time is expected to be later this month or at the end of the month.
API3: As a leading oracle, it showed increased volume at the bottom during yesterday's rally. 0.95 is a good re-entry point, with a stop-loss set at 0.90, making it worth investors' attention.
ETH: Yesterday, ETH's price peaked at 2850 USD, then quickly fell back down, currently returning to below 2700 USD. Our set entry point remains at 2620 USD; if it breaks this level, a temporary exit is necessary.
2. On-chain Data Performance
According to the on-chain data platform Coinglass, GMT and ACH have shown net outflows. Notably, despite the outflow of funds from ACH, it has risen over 28%. This indicates that the large withdrawals of ACH from exchanges have not affected its price increase, and this coin's future performance remains worthy of our continued attention.
Additionally, API3 has also performed well. UNI, as a coin in the DEFI sector, we can explore further in the future, but it is not a focus today. The investors behind ACH are well-known institutions in the industry, with a bold operating style; past investments like TRB have seen dozens of times increases, and DWF is also involved in investment or market-making.
Bitcoin Whale Movements:
Among the top 100 wallets by Bitcoin market capitalization, we selected some real whales for observation. Overall, their holdings changed by -1332, indicating that some whales are gradually transferring Bitcoin to exchanges.
The whale ranked 48 has reduced its holdings the most, selling 3454 coins in 7 days. Although whales ranked 11, 19, 59, and 100 have increased their holdings by 1000, 446, and 141 coins respectively, the 25th ranked whale sold 900 coins, resulting in an overall negative number. This phenomenon suggests that Bitcoin's short-term price trend may decline.
3. Technical Analysis of Price Trends
Bitcoin: Analyzing from the 3-day chart level, Bitcoin is currently under strong pressure from the middle Bollinger band. Whenever the price approaches around 98000 USD, it gets pushed down. Its support level is at the lower channel, which is around 94000 USD, the lower Bollinger band. It can be seen that Bitcoin's recent trend is not very optimistic.
For short-term traders, focus on the entry opportunity at 94000 USD and the resistance level at 98000 USD. Currently, Bitcoin is oscillating narrowly between 94000 - 98000 USD, with a larger oscillation range being 110000 - 91500 USD, but it has not yet reached the larger range of oscillation.
Ethereum: From the daily chart level, Ethereum is also under pressure from the middle Bollinger band, facing resistance at 2800 USD, with the pressure direction downward. Additionally, there is a descending trend line pressing at 3100 USD.
The support level for Ethereum is quite clear, with 2620 USD being its important support level. Short-term traders can enter at 2620 USD and exit at 2800 USD. If the price breaks above 2800 USD, the subsequent performance may be quite promising.
From a funding perspective, as long as Bitcoin does not break 91500 USD, Ethereum still has the opportunity to make a strong upward attack.
ACH: The current price is 0.030, and its operating style is very distinct. In the past three instances, it received effective support each time it reached the 0.001 upward trend line, then rose to the upper channel before starting to pull back, showing a clear rhythm of rise - pullback.
Yesterday, ACH pulled back to around 0.024 and stopped falling, then surged upwards. Despite having an upper shadow, the upward momentum remains strong. In terms of volume, the performance is gradually increasing, with a significant volume spike on January 27, followed by a price peak and pullback, and now it is surging again. ACH has the opportunity to rise to the upper channel position of 0.055 USD.
IP: As an emerging token, if IP has the chance to return below 1.60, investors may consider medium to long-term positioning. Previously, it surged from 1.37 directly to 2.13, then pulled back to around 1.60, and after another upward surge, it broke through to a new platform, currently priced at 1.80. 1.80, 1.60, and 1.40 are all support levels for it. Given the strong backing of its investment institutions and good financing situation, its future performance is worth looking forward to.
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