Various positive factors, the sentiment is too strong... My assistant helped me organize some recent positive factors, all of which are impactful.
From yesterday to today, there are also multiple positive factors... The several bills in the crypto circle mentioned by the Americans yesterday have all been passed...
Adding a small essay, a small essay indicates that old Trump is preparing to sign an executive order allowing retirement accounts 401ks to invest in alternative assets (including crypto). There is already about 9 trillion USD in 401ks. Even if only a single-digit percentage enters the crypto circle, it would still be a large wave of funds... but this still depends on whether it can be implemented later. If it is truly signed, there might be another wave.
In fact, the most important thing to pay attention to is still the recent funds regarding ETFs; it really feels like FOMO... Bitcoin and Ethereum ETFs are entering the market at a rate of 600-700 million every day...
Looking back at yesterday, the expected low long on Bitcoin was not caught, and a bit below 120K was touched, making a 600-point profit and running away... The bullish trend is too severe, and even conservatively low long points won't get opportunities during short-term pullbacks; rather, it will keep pushing to provide opportunities for high shorts. However, if the high short runs slowly, there won't be any; at 75K, it's a painful lesson. Can't take even a little... Probably in the future, both low long and high short need to be staged and executed in batches...
Looking at the technical side... The guidance from the technical side today is a bit weak...
On liquidation, after the shorts at 120K were cleared yesterday... In the short term, only after the previous high of 120K3 is there some liquidity... The longs are still accumulating below 115500, as mentioned in previous days. Below 120K, the longs are also quite cautious and not particularly aggressive in chasing highs.
Currently, there are no large orders on the order book... just some small orders under 100 Bitcoins... The farther ones are still the large sell order at 125000 and the large buy order at 114500...
In terms of thought, today is probably not going to focus on Ethereum, low long on Bitcoin might be a bit aggressive... unless there is some major bad news...
11.90~11.92W Here to bet on a small range of previous lows + the densely traded area from the day before yesterday. It hasn't been tested yet, feels like it can still be tried once; narrow stop loss, if it breaks, just run; if it bounces a few hundred points, then protect the capital, if it bounces 500-1000 points, then it's time to exit...
11.82-11.85W 2 tests + yesterday's densely traded area... The method is similar to the above...
11.70~11.72W Previous low + not tested + Tuesday's densely traded area... This was originally a point where I wanted to be aggressive with low longs yesterday... but there was no opportunity, I ran away at 11.74...
11.45-11.550 This is the range mentioned for a week; if there is bad news, we still need to look here... multiple factors overlapping...
In reality, we still need to see the news situation running down today. For example, if there is no news, both 1 and 2 above might bounce by 500-1000 points... However, if there is any bad news, 1-3 above can break down in an hour... Only the very bottom one is highly confident; if it doesn't break after entry, it can be held for a while...
High short...
High shorts are also not very certain now... It has tested 121K several times, and it should be quite thin there... Below 122K, there should also be another opportunity for 500-1000 points... At the previous high of 123K, there should also be another opportunity for 500-1000 points... Let's see the market... Everyone, protect your positions!