Hello everyone, I am Panda Brother. I just posted an article about ETH.
Now let's talk about Bitcoin, the content is quite important, please watch carefully.
I didn't expect the market to move like this last night. A 4-hour K line with such a trend is also quite rare.
The back-and-forth double kill of long and short positions now seems to be the last charge of this wave of increase.
There hasn't been a new historical high, which was expected. Those who didn't take profits previously have already been hit.
What? Don't believe it? Just look at the articles I've posted before, and you'll see. I'm becoming the leader of the bears.
The key point is coming.
In this chart, you can clearly see the upward trend. The slope line and the fish spine in the chart are key points. If it breaks below and the next K line can't recover, then it's game on. If you don't believe it, look at the previous fish spines. If you break through the fish spine and the pullback doesn't break it, it will continue to rise, and vice versa. It will keep falling and oscillating downwards, with acceleration phases in between. If you still hold long or spot positions now, and the next 4-hour K line can't rise above the slope line and the fish spine, you need to consider exiting. No matter how unwilling you are, there's nothing you can do. Even if you have a glimmer of hope, you can exit half to reduce your loss.
If this wave is suppressed by the slope and fish spine, I foresee a major cyclical correction. Last night I went to bed relatively early, and a fan told me he caught a short position at 107000. Feishu also sent me a notification that my Bitcoin position increased. I looked at the K line, and wow, it alternated back and forth twice. This kind of incredible double kill of long and short positions hasn't been encountered in a long time, and it happened with Bitcoin. From the chart's perspective, even the wave analysis has reached its peak. So let's not stubbornly hold on one by one.
I have a realistic big brother who only goes long regardless of the bull or bear market. He got stuck at over 260 and averaged down to 190. When it hit 90, he didn't open long positions based on coins. Every day he lives by drinking, and he can't sleep without alcohol. Now he hasn't sold yet and wants to get back to 260. Haha.
So in this industry, if you don't have rich knowledge and skills, looking at the time cycle from a broader perspective, you'll end up losing. Money earned by luck will eventually be lost by skill.
Look, everything will be clear by 4 PM when the lines change. I clearly told everyone to hold back and stay out of the market, no mistakes, right? This kind of double kill in both long and short positions has happened twice.
It's these two times that, if your position management is not good, you might lose back half a month's or a month's earnings.
Alright, that's it for today. I still have to go find some points to send to them. This is what I do every day. Let's work hard, I strive to realize my wish as soon as possible, so that all the children in the mountains can draw lotus flowers. Goodbye, see you tomorrow!