I personally believe that the current decline of BTC should be temporarily at an end, and there is a high probability of a rebound in the short term.
So we can wait for a pullback to around 108000 before positioning ourselves. If it breaks below the short-term low, we can decisively cut losses and exit. #巨鲸动向 #加密市场回调 #btc #币圈
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Yesterday, I emphasized the support at 106600. Last night, it only pierced through briefly, reaching a low of 106200, which aligns with the logic of a strong support leading to a rebound. Following that, there has been a rise, and the current price is close to 110000. The overall rebound strength is approaching 4000 points, returning to the range of fluctuations. You could say this strength is significant, but it’s not too much. After all, since the drop from 116400, it has fallen a full 10,000 points, and a rebound of 4000 points is somewhat excessive, but it cannot rise further; otherwise, it will enter a longer period of fluctuations! Many people might think that if there is a rise after support, it indicates the arrival of a bullish trend, right? Actually, that's illogical. In technical analysis, we first observe the trend, then the strength. If it's a rebound in a current weak position, a reversal won't be so easy, but will require some time to play out, possibly even a trap for the bulls. Therefore, looking at the trend should consider the cycle, not just simply viewing an hourly chart's rebound and concluding a reversal. We should first break through the strong resistance before making any conclusions! Regarding the future, we only need to focus on the top-bottom conversion at 112000. This position has been mentioned many times, but today it's unlikely to rise to that level unless the U.S. stock market surges tonight. Other factors won't lead Bitcoin into madness, especially within the logic of technical analysis, where there is no momentum for a surge. Instead of this 4000-point rebound, it’s better to define that there will be a greater downward pressure afterward! In terms of support, pay attention to the key point mentioned multiple times earlier, which is the previous starting point around 103500. After all, if we break the early morning low of 106200 again, it will naturally lead to an acceleration, and the force of that acceleration will focus on 103500. We’ll take it step by step. If today we can successfully break through yesterday’s low, we can have a low-range fluctuation over the weekend. Next week’s opening will also be the new opening of the monthly line, and according to the weak pattern of the monthly and weekly lines, we will first continue with a pullback, breaking 100000, and then breaking 98000 before we can start to attack.
For specific views and why I define it this way, as well as how to operate, check my homepage⬆️#币圈
The lowest position during the early morning phase has many longs, and I reminded that this wave of rebound hasn't finished yet, and the result was even stronger than I expected, the bottom longs have made a fortune...
Bitcoin's posture has taken down 3100/143 points at the bottom.
Currently holding light positions around 10.95/3838, can continue to hold. If it rebounds to around 11.03/3878, can add positions to lower the average price, while maintaining regular defense, looking down at around 10.8/3780. #币圈 #比特币 #以太坊ETF
From the current perspective, the overall trend is still weak, and there is a high probability of further declines in the future, but there will be a brief rebound space during this period. It is recommended to look for a rebound before shorting!
Meets expectations, the Ethereum rebound failed to break above the resistance range of 3950-3980 during the day, with the bearish target extending to around 3700-3740.
If it can pull back to this range, a long position can be taken. #币圈 #以太坊ETF
《Setting the stop loss here is like giving the big players a 'light' | The real knowledge of stop loss in the crypto world》
(Setting the stop loss here is like giving the big players a 'light' | The real knowledge of stop loss in the crypto world) Old hands in the crypto world understand that stop loss is not just about setting it, if not set correctly, it's just giving money to the market. Do you also often encounter: just when the stop loss was hit, the market moves in the direction you predicted? That's because your stop loss is set at the 'public point': · Integer threshold (e.g. $60,000) · Previous highs and lows · Common indicators' golden cross and death cross points What the big players love to sweep are these places, because stop loss orders are dense, a single sweep can blow up a lot of leverage. What to do? Learn to 'invisibly stop loss':
Yesterday, Bitcoin broke through 109500, this is the solid evidence of the trend reversal,
next is likely to head straight down to below 102000.
The current fluctuations are just the "last gasp", at most it will last a few days, after that, it will have to go down once the trend is formed, and it can't be stopped.
However, it does not mean that one should impulsively chase the shorts.
Recently, the "painting door" and V reversals have been more frequent than having meals; blindly rushing in will only get one harvested by the market.
To short, one must wait for precise opportunities, watching the rebound movements before acting is the key.
Tonight, pay attention to the pressure between 111600-112000, short directly at the rebound resistance level, and the short-term target is 108000. #币圈 #比特币
Why can't the Fed's interest rate cut reverse the momentum of the Bitcoin pullback?
The long-awaited interest rate cut has been finalized, with the Fed cutting rates by 25 basis points. Powell's suppression of subsequent rate cut expectations has led to a decline in Bitcoin, which dropped to a low of 107817 at noon. However, it remains constrained overall, and may experience a fluctuating rebound in the future. During the day, consider the range of 108500-109500 for potential trades, looking at 111500-112000. If it stabilizes at 112000, it may aim for 114000, and attention should also be paid to the key resistance around 114000-116000.
The daily moving average has started to decline, and the downward probe hasn't broken the lower bound of the daily trend line, which is also the last lifeline for the market.
Personal trading suggestion: consider trades around 108500-109500, with targets at 112000, 114000, and 116000.
Without long-term worry, there will surely be short-term anxiety, and the same goes for dealing with market trends. The ups and downs of the market are not determined by personal subjective will, but are filled with battles between bulls and bears. Therefore, choosing is far more important than effort; selecting a good mentor will lead to substantial benefits. If you are still trading blindly, every day just locking in losses or positions, then I must say you are quite unsuccessful. If you refuse to change paths when the current one is not working, it only shows that you haven't been hurt enough! Without further ado, while the market is still, let the strategy lead! #币圈
The current daily upward structure is breaking, and if you want to go long, I personally suggest waiting a bit longer.
The overall market structure has not shown any signs of a breakout; the current potential resistance to watch is the 3950-3980 range. If it breaks and retests, then you can consider going long.
If it fails to break the upper resistance range, then I personally believe the next bearish target could be around 3700. #币圈 #以太坊ETF
Bitcoin 108300 reverse to go long, top-level long and short conversion!
A sharp needle rushed in during the afternoon, and the price of Bitcoin dropped to a minimum of 107880, while Ethereum also plunged to 3837. After a big drop, there must be a rebound; this statement is always true. Moreover, 107500 provides strong support, so going long here definitely has its advantages!
Bitcoin 109122-111446 total profit of 2324 iodine space Ethereum 3867-3933 total profit of 66 iodine space
Strength lies within, attitude comes first. Your recognition, my confidence. Your earnings, my goal. If you believe, we walk together; if not, no pressure. #币圈
The large pancake long position bottoming out was successful, entered at 108215, exited at 110278, pocketed 10,000 dollars, followed the midnight operation, flipping the account easily! #币圈 #比特币
The midday pancake stabilized around 108000 before showing a short-term rebound. It has currently rebounded above 110800, but the overall rhythm still belongs to a technical repair after a decline. On the hourly level, the rebound high points are gradually rising, but the trading volume is significantly insufficient, belonging to a natural repair after the decline. The main capital has entered a brief adjustment phase after experiencing continuous sell-offs, and the short-term bearish rhythm has slowed down, but market confidence has not yet recovered. Market sentiment has once again entered a state of deep panic, indicating that the emotional release below is nearing its end, but this does not mean that the market will immediately reverse. There has been no significant inflow on the capital side, and although trading volume has rebounded nearly 10%, it mainly comes from short-term speculative trading.
Operational Suggestions: Short-term attention can be paid to the resistance performance in the 111500–112200 range. If it holds and does not break, a light short position can be attempted, with a stop-loss placed above 112800, targeting the 109200–108500 range. If there is a strong breakthrough at 112800, then follow the trend to go long. #币圈 #比特币
Because the Federal Reserve has implemented a "hawkish rate cut" (it looks like a rate cut, but repeatedly expressing that a rate cut in December is not set in stone), the result fell sharply, hitting a low of 109,000!
Now, China and the U.S. are meeting to talk, and if the talks go well, BTC will likely either continue to fluctuate or surge; if the talks go poorly, the price might drop directly.
In this situation, looking at technical indicators is useless; it all depends on the outcome of these major events. However, at this price level, going long is still more cost-effective—after all, they have sat down to talk, so there should be some good news, right?
After the hawkish remarks by Federal Reserve Chairman Powell at midnight, the US dollar index weakened; previously, the market had fully priced in a 25 basis point rate cut amid heated discussions about interest rate reductions, and after the good news was realized, the market turned bearish.
The Big Pie maintains a weak oscillating pattern on the 1-hour level, with bullish momentum diminishing and bears dominating the market rhythm:
• The K-line continues to be pressured below the middle track of the BOLL, with multiple rebounds hindered in the 111800-112000 range, facing heavy selling pressure above and insufficient buying support;
• The MACD double lines have formed a death cross and are diverging downward, with bearish momentum continuously expanding; the volume structure shows a trend of "rebound with shrinking volume, decline with expanding volume," further clarifying the bearish dominance. If the short-term cannot recover the BOLL middle track pressure, the market is likely to continue the downward trend, and the window for bulls to reverse the situation is relatively limited.
Operational Suggestions
Big Pie: You can lay out short positions in the 111500-112300 range, with an initial target looking towards 110000; if this level is broken, further look towards the 109000-108000 range #币圈 #BTC
Short positions make profits 🔪. If the market does not drop below 110000, a big surge will surely come. Everyone, get your little stools ready for the online guidance #币圈 #比特币 .
The strategy is fixed, but the points of the strategy are dynamic. An accurate method to resolve a position needs to be based on specific points and market conditions, which is precisely why you may have read many strategies but still find it hard to resolve your position.
For some more complex situations, investors may not be able to resolve their positions steadily based on their own experience and skills. You can pay attention to me, Lao Zhao, as I will provide reasonable resolution plans based on your position and actual circumstances!
There are countless investment opportunities in the market, but investors' time, energy, and funds are limited. It is impossible to grasp all investment opportunities, which requires investors to make choices and selectively give up smaller investment opportunities in order to better seize larger ones #币圈