The First Real Crypto Pullback Is Here (Key Levels to Watch)

AI-generated source summary

The market experienced significant liquidation events, particularly affecting long positions in BTC, with $450 million liquidated in 60 minutes. Bitcoin's dip below $81,000 was noted, though the overall market is only down about 2%. The analyst highlights a potential for a brutal cycle if panic selling continues, but sees opportunities in specific altcoins. Three main opportunities are identified: PUMP (Pump.fun) is seen as a strong buy despite a recent 15% plunge, with a target of $0.01 and a potential failure at $0.003. ZEC (Zcash) is also presented as a buy opportunity after a 12% weekly drop, targeting $150 with a fail bound at $100. VENICE (VVV) is considered interesting due to its strong AI narrative and recent 33% pullback from all-time highs, with a target of $35 and a fail bound at $15. BP (Backpack) is seen as a very strong contender, with excellent tokenomics and potential for further upside, though the analyst is waiting for a dip to around $0.85-$0.90 before entering, with a target above $1.5 and failure below $0.75. Finally, DRV (Derive) is highlighted for its strong growth and recent listing on LighterPerps, with a target around $0.7 and a fail bound at $0.3, suggesting it's a potentially strong buy on any dip.

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