Black GodBit
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Bearish
$BTC The market makers in the Asian market don't seem to know what they're thinking, how can they keep buying at this price? During the live stream last night, I made two charts from different perspectives of the weekly price. Just for the family to reference. Those who didn't watch the live stream last night can also check the replay, which includes a chart-making tutorial.
Let's start analyzing from the perspective of the first chart: If this 95600 is the high point of this rebound, I think it's quite good. If it pulls back and then adjusts for a while before forming a weekly W-shaped pattern, there will be a chance to push towards 150000.
Analyzing from the perspective of the second chart: If this round just directly V-bounces to 110000, then 110000 will be the endpoint of this bull market. Because the pattern is not good, if it doesn't form a weekly W-bottom pattern, it will form a weekly M-top pattern. So if it goes straight up to 110000 and then declines, the 60000 can’t be held.
Let's also take a look at the weekly chart of Ethereum: Personally, I don't think Ethereum will rebound immediately. Think about it, below 2000 the Ethereum Foundation is selling, and Trump's team is also cutting losses. Is it possible to rise in the short term? Moreover, there hasn't been enough time for accumulation after the drop; the main forces won't be so kind to come down and let us on board and then immediately rebound to let us make money. So I think it will continue to oscillate and decline...
Why do I say not to play Ethereum? Because Ethereum is currently the fastest and most powerful coin for cutting retail investors. Why do I say this? Because many new retail investors have a misconception that Bitcoin is too expensive to afford, while Ethereum is now over 10,000 RMB and has huge potential. So, retail investors are all playing Ethereum; the more people playing it, the larger the capital flow, and the easier it is to cut retail investors. No matter how high the coin price is, what you invest is your principal's profit. Coins can be split for purchase, so don't have this misconception that you can't afford it. If you can't understand Bitcoin and can't make money from it, then you'll lose money even faster on other coins.
Contract Strategy:
XRP shorted around 2.3 the day before yesterday, currently using 2.3 as the break-even stop-loss position.
BTC in incremental mode, shorting in the range of 95000-95300 with 10x leverage and 20% position size. Stop-loss position: 97850, Take-profit position: 91346, closing half at 欢迎加入币安王牌BlackGodBit的顶级策略聊天室。.
Let's start analyzing from the perspective of the first chart: If this 95600 is the high point of this rebound, I think it's quite good. If it pulls back and then adjusts for a while before forming a weekly W-shaped pattern, there will be a chance to push towards 150000.
Analyzing from the perspective of the second chart: If this round just directly V-bounces to 110000, then 110000 will be the endpoint of this bull market. Because the pattern is not good, if it doesn't form a weekly W-bottom pattern, it will form a weekly M-top pattern. So if it goes straight up to 110000 and then declines, the 60000 can’t be held.
Let's also take a look at the weekly chart of Ethereum: Personally, I don't think Ethereum will rebound immediately. Think about it, below 2000 the Ethereum Foundation is selling, and Trump's team is also cutting losses. Is it possible to rise in the short term? Moreover, there hasn't been enough time for accumulation after the drop; the main forces won't be so kind to come down and let us on board and then immediately rebound to let us make money. So I think it will continue to oscillate and decline...
Why do I say not to play Ethereum? Because Ethereum is currently the fastest and most powerful coin for cutting retail investors. Why do I say this? Because many new retail investors have a misconception that Bitcoin is too expensive to afford, while Ethereum is now over 10,000 RMB and has huge potential. So, retail investors are all playing Ethereum; the more people playing it, the larger the capital flow, and the easier it is to cut retail investors. No matter how high the coin price is, what you invest is your principal's profit. Coins can be split for purchase, so don't have this misconception that you can't afford it. If you can't understand Bitcoin and can't make money from it, then you'll lose money even faster on other coins.
Contract Strategy:
XRP shorted around 2.3 the day before yesterday, currently using 2.3 as the break-even stop-loss position.
BTC in incremental mode, shorting in the range of 95000-95300 with 10x leverage and 20% position size. Stop-loss position: 97850, Take-profit position: 91346, closing half at 欢迎加入币安王牌BlackGodBit的顶级策略聊天室。.
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