Long positions on AICoin have surged, and it can be seen that new trends always emerge during the surge of long positions on AICoin.
The previous surges corresponded to: the bottom of mainstream coins in early 2023, the peak of hotspots in mid-2023, and the New Year's trend in 2024.
In recent days, long positions have surged again, indicating another big fluctuation.
AICoin was once the largest spot trading platform and the parent company of the issuance of U. Wall Street referred to AICoin as the "Fed of the circle," so the position changes on AICoin have attracted much attention.
The circulation of U has reached a new high recently, corresponding to a sharp reduction in the holdings of mainstream currencies, indicating that large funds are swapping positions and preparing for major moves. It is necessary to closely monitor the overnight dynamics in the coming days.
Lao Lang's WeChat: lang0x00
BTC:
ETF funds continue to flow into BTC, which has a positive impact on the expectation. BTC is still in a short squeeze trend, with the bottom of the hourly chart continuously rising, confirming the support of long positions. The bullish volume is weakening, and a pullback to the neckline of long positions is needed. The key point of the neckline of long positions formed on April 22 is $65,894. Only by establishing a bottom and strengthening at $65,894, can long positions further support the market and rise. Next, BTC will rebound at $65,894.
Resistance levels: $67,423, $68,555, $69,236
Support levels: $65,894, $64,563, $63,766
ETH:
ETH is rising along the 5-day moving average, and the bottom of the hourly chart is rising along the support line, confirming the support of long positions. The key point of the support line is $3,177. Only by stabilizing at $3,177, will ETH confirm the support of long positions and enter another short squeeze rally. Next, ETH will rebound at $3,177.
Resistance levels: $3,288, $3,352, $3,416
Support levels: $3,177, $3,094, $3,025
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