Big news coming! UNI has taken a major action that could 'ignite the whole scene,' and the smart money on-chain has already made an early exit, with the technical charts revealing key signals. Is it a trap or an opportunity? Bai Yue will take you through it!
News: A giant whale has fled, and a massive burn proposal is making its grand entrance.
The most explosive news today is that Uniswap's 'Unification' proposal has entered the final voting stage! This is not a small matter; if passed, it will directly burn 100 million UNI and permanently enable the fee switch, meaning that the fees earned by the protocol will be used to continuously buy and burn UNI. This is equivalent to providing a 'deflation + value capture' dual insurance for UNI, which is absolutely a game-changing positive in the long run.
The market's reaction is the most authentic! The whale known as UNI's biggest short seller, 'Shanzhai Air Force Head,' went on a crazy position closure spree since yesterday afternoon, closing over 40% of their short positions in one go, locking in a profit of $1.22 million and leaving.
Bai Yue feels that there is clearly a sense of risk, and they dare not hold positions hard! On the other hand, although large players who previously went long chose to exit at break-even, the overall market sentiment has been ignited. As soon as the proposal news came out, UNI surged by 10 points instantly! What does this indicate? Large funds are betting on the approval of this proposal, and the bullish expectations are very strong.
Technical analysis: the key position has held, and bullish signals are gathering.
Currently, the UNI price is fluctuating around the key level of $5.200. Don't be misled by the current green increase; this is a normal pullback after a big rise.
Several technical details are worth noting:
Strong key support: $5.200 is a key level, with strong support at $5.060 and $4.850 below, making the defense quite solid.
Clear pressure levels: To move upwards, the first hurdle is to break the rebound pressure at $5.350, with the real test at the high pressure level of $5.560.
Bai Yue believes that the current sentiment is leaning towards bullish, with the technical indicators in the sub-chart showing that the yellow and white lines are above the zero axis, and there is a trend forming a 'golden cross.' At the same time, there are signs of a breakout in trading volume. All these indicate that the strength of the bulls is quietly accumulating. If you don't know how to time your entries, you can follow Bai Yue, who will provide real-time analysis in the village and suggest the best entry points.
So, for us retail investors, my advice is:
Cautious approach: You can first act as a 'bystander,' focusing on the voting progress and the gains and losses at the key level of $5.200. The price needs to stabilize above $5.2 to be considered strong. There's no need to rush; wait until the results are clear before making decisions.
Aggressive approach: If you're feeling restless, you can consider entering in the support range of $5.200-$5.060 with a very small position, such as 10-20% of your total capital, as a trial layout. If you don't know how to time your entries, you can follow Bai Yue, who will provide real-time analysis in the village and suggest the best entry points.
Bai Yue's viewpoint
My view is clear: in the short term, bullish sentiment dominates the market, but it's definitely not a time for blind rushing. The core of the matter is tomorrow, the final voting result. It's like a 'clear card' hanging over our heads—if it passes, it's a super positive signal that could lead to a direct surge; if it doesn't pass, the positive expectations will fall through, and there will be significant pressure to pull back. If you don't know how to time your entries, you can follow Bai Yue, who will provide real-time analysis in the village and suggest the best entry points.
The market always has opportunities; the key is to operate calmly. Bai Yue will continue to keep an eye on on-chain dynamics, and together we will move forward steadily! Follow Bai Yue and participate in every offensive of the Bai Yue villagers! Bai Yue will announce specific entry times and real-time news every day in the village!
