The bottom is getting closer! Where to buy the dip? Come and take a look with Benqin.
1. As shown in the figure, the 【Ethereum funding rate】 has already turned negative, which has historically been a signal close to the bottom, with a success rate of about 85%. Shuqin talked about this in yesterday's video, at that time ETH was 3900, and as a result, it soared to 4080 early this morning.
So those who haven't bought before don't need to be too anxious; the bottom will be tested multiple times. Now, don't you see it has come back again? The support at 3880 for ETH is pretty good,

Here it comes! The latest PCE inflation data from the United States is here! Will this be Favourable Information this time? Everyone, look at the picture.
The PCE this time meets expectations! The core PCE also meets expectations, so the overall result is in line with expectations and has a minor impact~
Note: Results below expectations are Favourable Information, while the opposite indicates negative news. If they meet expectations, it is neither good nor bad, with a minor impact.

Extreme panic! The market sentiment is completely in a frenzy, indicating that the bottom is gradually approaching. The current big dump is mainly driven by the US stock indices, which we had warned about before the plunge last night.
Currently, the main buy orders are still slightly above 105,000 and 107,000, indicating strong support. After falling to this level, a significant rebound may begin.
The current price is gradually approaching our target, which we announced a long time ago. Looking back now at the price on the day the Federal Reserve cut interest rates, it really feels a bit like

The US stock index futures have formed a bearish belt hold, dragging down the Crypto Assets. Bitcoin is barely maintaining at 110,000, and it's uncertain if it can hold.
After the Fed's interest rate cut, the favorable factors have all been exhausted, and the dream-filled bulls have been cut down. Bitcoin should not hold up this time and will likely return to around 107,000. The main force is trying to protect the market, but it's not certain they can hold it. I have already placed my buy orders near the previous low of 107,000, standing by. If they dare to come down, I will dare t

It's not easy, Bitcoin has finally been rescued. This morning, the long wick candle broke but was pumped back up. This counts as a false breakdown, and it seems the market maker is still stabilizing the market. We can still swing trade.
I can understand that some investors are bearish, but as long as the current support level is not broken, there is an opportunity for a rebound. If it breaks and cannot recover, then we will stop-loss and adjust our strategy. If it truly breaks below 115,000, the next support level will be just above the previous low of 107,000, which is another place for a

Where is the typhoon going to hit?

Oh no! The crypto world has finally welcomed a Rebound, where will it rebound to? Will it still fall? Let's take a look.
As shown in the picture, the crypto world has welcomed a second bottom test as we discussed yesterday. Bitcoin has strong support above the 114,000 support level, with many people placing buy orders, leading to a rebound in the market. This rebound is expected to reach around 113,000 to 114,000 before determining the next direction.
The market is currently worried that this may just be a fall continuation, and the ultimate support will be above 107,000. We still need mor

Has Ethereum bottomed out? Can we buy the dip?
From the candlestick chart, ETH has certain support around the previous low of 4050-4100, and it is expected to rebound to 4230-4300. But is this the bottom? Everyone, take a look at the chart.
The 4-hour MACD is still in a death cross. Wait for the selling momentum to decrease, and when the MACD forms a golden cross, it will actually be a more reliable entry signal. You can check if there are any secondary bottom-buying opportunities for bottom positions. For other positions, it's also fine to wait for confirmation of the MACD momentum turnin

It's great, money is rising rapidly. I have shorted several VC coins, and it peaked right at the opening, then went down all the way; some I've held for half a year. However, WLFI is even worse, falling faster and more thrilling, just like a rapid descent.

Profit opportunity? I just executed a short order on WLFI!
As shown in the figure, there is significant resistance around 0.25, and we have already placed short orders here three times. The ideal take-profit positions remain at the support levels near 0.22 and 0.2, which Shuqin has mentioned multiple times before; we can proceed with the operation.
However, the bottom of WLFI has been continuously rising, so when shorting, it is important to maintain a low leverage. If it breaks through next time, I will continue to short at 0.3. This coin is definitely going down in the long term; besides not

Interest rates cut but prices fall instead of rising? How should the crypto world proceed next?
In the short term, Bitcoin has fallen from the resistance of 117,000 to the support of 115,000, starting a natural rebound. This rebound may reach the minor resistance near 116,000 or the larger resistance at 116,800. If it gets here, I might consider shorting another position.
The support below is around 115,000, as shown in the picture. The orders from our member group were to take profit around this area, and we shorted three times down to 115,000 without any issues. Many members took profit at 1

The interest rate cut frenzy has come to an end! What is the next focus in the crypto world?
Each coin surged slightly during the interest rate cut last night, but coins like Ethereum and Doge did not break their previous highs. Even Bitcoin, which is strong, only slightly broke its previous high but did not hold it. I remain cautious about the view that there will be a violent surge after the interest rate cut. I am still worried that the positive news may have been fully priced in, leading to a pullback or at least some consolidation. I will wait and observe for a few days before making any