One Point Trading

Ethena research has been posted. Make sure you read it before getting sidelined. Please give it likes if it’s useful guys! Many thanks Full research

#Bitcoin Based on the liquidity wise, there is still a possible short squeeze with current level at $67300 with $2.6 billion of liquidation at this area Literally almost zero liquidation below so we don't think it will keep dropping

#Bitcoin There's nothing has changed on BTC current structure. If we want to see a bullish structure maintained, price needs to reclaim $61200 as support.

We bet huge for $ENA for easy 3x and we'll share our research tomorrow on our Instagram.

#Ethena Ethena is the protocol algorithmic stable coin which is pegged 1:1 with USD. $ENA also provide yield return up to 27% on its USDe. A lot has said this is the next 'LUNA'. In fact, the model is different and won't be like 'LUNA'. Backed by Binance labs, OKX ventures, and also Arthur Hayes making it becoming the most favorite project for 2024.

#Ethena There will always be an opportunity to buy at every negative return market. This time, we are betting on $ENA with the possible 88% profit in hand on this swing. Adding more position at the next drop or after the structure shift confirmed.

#Bitcoin Should we enter another long position? Yes! This time the target is pretty high as very likely we see potential bottom is in.

Previous long position on $BTC has triggered the SL

#Bitcoin divided by m2 money supply. If you want to bet against the market, you better re think of it again. In fact, $BTC hasn't close below the prior broken resistance turning into support. The structure is still holding well as of now so there is no reason to short the market.

#Altcoins market looks stronger as it still holds this proportion to avoid another bleeding. Of course there is still risk for downside push on altcoins but looking at current structure, it's still solid.