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Recently, this market seems to be warming up, but if you take a closer look, the pits haven't been filled yet.
Let's talk about the most eye-catching part—XRP's recent move is indeed fierce. It shot up 13% in one day, bouncing hard from the bottom of the channel. More importantly, on-chain payment data has exploded; previously, everyone said it was just a concept without real action, but now the payment volume has come up. Although the technicals are still being suppressed by a few moving averages, if this momentum can be sustained, reaching the range of $2.40 to $2.55 is not out of the question. It's one of the few varieties that can really perform in this round.
On the other hand, Ethereum is a bit worrisome. The 50-day moving average has crossed below the 100-day moving average, and this "mini death cross" signals that the medium-term trend is basically bleak. The price is firmly held down by a series of descending moving averages, and any rebound seems weak. Caution is needed as the support below may not hold; if it breaks, it could face more downward pressure for a while.
SHIB has indeed caused a big stir—trillion-level trading volume has crashed near the support level. The RSI has also climbed out from the bottom. From the market characteristics, it is highly likely that funds are quietly accumulating at low levels. Although we can't say that the trend has completely reversed, at least the short-term selling pressure has eased significantly. Next, we need to keep a close eye on whether the trading volume can keep up, as well as whether those key resistance levels can be overcome.
In summary, the market is diversifying. Some varieties are holding back for a big move, while others are still struggling in the quagmire. The trend of #美国非农就业数据表现优于预期 still needs to see how the subsequent macro data plays out.
ETH is still feeling a bit uncomfortable, it's annoying when a death cross appears.
Is SHIB's trillion Trading Volume at the bottom? Is this quietly Accumulation? Haha.
The market is so differentiated, we need to pick the right targets, otherwise it's easy to fall into a trap.
Even if the US Non-farm Payrolls (NFP) data looks good, we need to see how it goes later.
XRP is the one with actual applications, unlike some that are just purely speculative.
If the support level for Ethereum breaks, it could really fall again, be cautious.
If the Trading Volume doesn't keep up with the Rebound, it's pointless, this is very crucial.
It feels like this round of the market is just differentiating, there aren't as many opportunities to make quick money.
ETH's current state is really uncomfortable, being pressed down by the moving averages.
If SHIB's trading volume can keep up, it will be stable; otherwise, it's going to be the rhythm of being played for suckers again.
The US Non-farm Payrolls (NFP) data is good, but it feels like the macro aspect is still in a game of tug-of-war, we need to keep watching.
This round of market differentiation is indeed severe, choosing the right direction is more important than anything else.
Ethereum is still being suppressed, this death cross is too ruthless.
SHIB's volume this time is quite interesting, we need to see if the volume follows.
BTC and ETH still have to watch the macro trends, it's annoying.
The market is so fragmented, how do we choose, everyone?