In the past few days, BTC experienced a sharp drop, causing over 160,000 people to be liquidated, with a total liquidation amount exceeding 560 million US dollars. The mainstream market saw a large number of liquidations, prompting many to turn to MEME. The new coin BOME on the SOL chain attracted everyone's attention. The presale price of 1 SOL rose to 1 million US dollars within three days, similar to the PEPE and SHIB phenomena in the past, creating envy-inducing profit effects and providing opportunities for the reapers. In recent days, there have been over 300 new projects that went online and then disappeared, with many turning out to be scams. Money flowed in, but couldn't be cashed out.

The few MEME projects that emerged all have their own characteristics. For example, IQ50 claims in its introduction that people with an IQ of 50 will make big money, while those who analyze diligently end up with nothing. This makes the author smile knowingly. Whether it's 2017, 2021, or now, the most common advice heard is, "If you want to make money, just close your eyes and pick."

In reality, this is a matter of risk-reward ratio and probability. The amount one can earn is directly related to the level of risk one is willing to take, but losses are limited while profit potential is unlimited. The author knows many people who can hold onto their coins and are not short of money, so they are willing to take risks and can hold onto their investments. For example, an old classmate who bought BTC on Taobao in 2013 said that it would surpass the US dollar in the future, which led the author to start mining with his old computer. Eventually, the computer started smoking, so he sold the parts and bought BTC. When the author asked him why he didn't sell all the coins, he said that he didn't realize the price would rise so much at first, and later he didn't know when would be the best time to sell, so he would just sell a little when he needed money. Later, the author found out that he was making so much money from renting out his shops that he rarely needed money.

Another impressive example for the author was at the beginning of 2020, when Binance launched a staking activity. At that time, in order to get cashback on transaction fees, one had to stake nearly 20,000 units of BNB. It wasn't until the following years that staking was fully opened up and could earn a lot of transaction fees. The author is very sensitive to transaction fees and thought that he could earn money by staking his own coins, so he staked a large amount of BNB and didn't pay much attention to it. In 2020, the author heavily invested in BTC and was busy with other things, so he didn't check the market for about half a year. When he saw friends talking about BNB skyrocketing in 2021, he was surprised when he opened his account and realized that he had made about 30 times the amount, which was much more than he had expected during that bull market. However, if the same amount had been put into a different coin and that coin had collapsed, he would have lost everything. Whether it's the author or many others who have made money, the first impression people have is that they were lucky. However, the author has thought deeply about it and believes that if the BNB had been in his usual account or if his old classmate had been in need of money, they wouldn't have made that much money. The key to making a profit is to let it run.

The so-called IQ50 doesn't mean making oneself dumber, but rather controlling losses and ignoring profits, in order to achieve an extreme risk-reward ratio. What's more important is how to reduce risk. For example, the old classmate held BTC, while many people the author knows held EOS, BTS, AAVE, which were difficult to surpass. Not to mention the numerous delisted coins that went to zero. BOME has been very popular these days, but the author wonders how many people can hold onto BOME for more than 5 years?

Therefore, the author believes that whether it's leverage or spot trading, fundamentally they are the same, just differing in terms of risk-reward ratio and probability.

BTC:

BTC retraced to the 5-day moving average, and the peak on the hourly chart decreased, indicating resistance and selling pressure. The key point at 69,196 US dollars was formed on March 13th. Only with a substantial breakthrough of 69,196 US dollars will BTC further rise and strengthen. Next, BTC will retrace after reaching 69,196 US dollars.

Resistance levels: 69,196, 70,355, 71,562

Support levels: 65,667, 64,362, 63,123

ETH:

Multiple large amounts of ETH were transferred to Coinbase, which is expected to create selling pressure on ETH. ETH tested the 5-day moving average, and 3,712 US dollars is a key resistance level. Only by holding above 3,712 US dollars can ETH further rise and strengthen. Next, ETH will retrace after reaching 3,712 US dollars.

Resistance levels: 3,712, 3,828, 3,934

Support levels: 3,485, 3,326, 3,217

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。