#永续合约市场 The current state of the perpetual contract market is like this—profit-making effects only exist in the Alpha and contract sectors, while other areas hardly show any opportunities. In the past 24 hours, 117,000 traders were liquidated across the entire network, with $195 million wiped out—both bulls and bears are harvesting each other.

BTC daily chart forms an arc top, with 90,000-90,500 as the key resistance level, and the vital support at 85,000. If it can break through 90,500, the next targets are 91,600-92,000; if not, consider switching to short. ETH shows a head and shoulders pattern, reaching 3,080 this morning before pulling back to 3,000 for adjustment. Short-term support is at 2,906-2,927, and resistance is at 3,080-3,110. As long as it can stay above 3,100, the trend may turn bullish.

Altcoins are already very weak. BSC meme coins with a market cap of a few hundred thousand are now the norm, and there’s almost no room for new listings. Contract coins like $LIGHT follow a typical harvest pattern—initial surge followed by dump, crashing to distant levels within an hour, breaking bottom in two hours. When the dump happened at 4 a.m., bulls couldn’t escape. But the strategy with $ICNT from the day before has already multiplied five times today—opportunities still exist, but you need enough risk tolerance.

On-chain trading still has money to make, but the secondary market is full of traps. Instead of blindly chasing new tokens, it’s better to wait for a pullback to go long or buy old coins on dips for swing trading. Living to the next cycle is the real goal.