After thinking about it, I realized that the intention behind the big pancake's comeback to break new highs is somewhat clear. I reviewed the liquidity liquidation chart and the spot/futures premium difference chart, and it seems like I understand a bit better. 1. Last night, after breaking new highs, the short-sellers immediately went for high-leverage contracts, with liquidation prices concentrated just above the new highs. 2. The spot premium decreased, and the price surged, indicating that it is the futures driving the market. In summary, this morning's surge is a targeted explosion against last night's high-leverage contracts. I continue to be bearish!!!! The bears will never be slaves; unless it reaches 102000, I will never close my position $BTC
Who would have thought that the pancake made a comeback? 🙄 Fortunately, I set my stop-loss price high. It exceeded expectations; I thought 107000 was the peak, but it rose all the way to 110000. I thought it had peaked at midnight, but in the morning it made a comeback. I ask you all, is this market difficult to trade in? $BTC
106600 reminds you again, the last chance to escape!
是你的吉米哥没错了
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The ultimate painting door form! Once again gave a chance to escape, the last opportunity to escape, clear out Bitcoin and Ethereum immediately, right now! $BTC
The ultimate painting door form! Once again gave a chance to escape, the last opportunity to escape, clear out Bitcoin and Ethereum immediately, right now! $BTC
Bitcoin has six consecutive weekly gains. Don't be stubborn; if it's time to go, then go. Don't cling to the battle. This wave will at least test the 100k mark!
是你的吉米哥没错了
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Bitcoin 10660, all short liquidity above has been liquidated, the last chance to escape!!! $BTC
Bitcoin Operation: Patiently wait for the short liquidity around 106500 to be cleared, then start to turn downwards $BTC BTC
是你的吉米哥没错了
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Bitcoin Operation: Yes, that's right, you can say Jimmy is right, or you can say Jimmy is very stable. The recent trend of Bitcoin has indeed been as expected, fluctuating between 100k-106k. So what happens next? See the chart. Through my personal indicators, it can be seen that there is still buying pressure in the spot market, and the premium rate of spot compared to futures continues to remain positive. The moving averages are still climbing upward, which means the bullish trend has not diminished, but the price has already deviated from the middle track of the moving averages, with a slight overbought phenomenon. At the same time, there is a large amount of bearish liquidity around 106k, and the main force is likely to take down the bearish liquidity at 106k in the coming days. Therefore, Jimmy predicts the following for the upcoming trend: Bitcoin will continue to fluctuate this weekend, first piercing the previous low of 100800 to capture a small amount of bullish liquidity, then pulling up to around 106500 to harvest a large amount of bearish liquidity, after which the bullish trend will begin to fade, moving into a downward trend. There is still a good chance for the price to break through 106000. How it will move after breaking through 106000 will be updated in the analysis at that time. $BTC
Bitcoin Operation: Yes, that's right, you can say Jimmy is right, or you can say Jimmy is very stable. The recent trend of Bitcoin has indeed been as expected, fluctuating between 100k-106k. So what happens next? See the chart. Through my personal indicators, it can be seen that there is still buying pressure in the spot market, and the premium rate of spot compared to futures continues to remain positive. The moving averages are still climbing upward, which means the bullish trend has not diminished, but the price has already deviated from the middle track of the moving averages, with a slight overbought phenomenon. At the same time, there is a large amount of bearish liquidity around 106k, and the main force is likely to take down the bearish liquidity at 106k in the coming days. Therefore, Jimmy predicts the following for the upcoming trend: Bitcoin will continue to fluctuate this weekend, first piercing the previous low of 100800 to capture a small amount of bullish liquidity, then pulling up to around 106500 to harvest a large amount of bearish liquidity, after which the bullish trend will begin to fade, moving into a downward trend. There is still a good chance for the price to break through 106000. How it will move after breaking through 106000 will be updated in the analysis at that time. $BTC
The current movement of Bitcoin is a typical method of fostering long positions, while also occasionally pushing to new high levels, not giving high-leverage short opportunities. As long as you short and place your stop loss at the new high, you will inevitably get stopped out. This tactic not only kills the shorts but also gives the longs the illusion that a new bullish trend is about to take off. However, all of this is a trap. Just look at the liquidity map and you'll see that the long liquidation zone has accumulated significantly between 101000 and 103000, and the main force can harvest these chips like mowing grass at any time.
是你的吉米哥没错了
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Everyone, the situation for Bitcoin bulls is concerning. Promise me not to rush in, okay? Saving one is better than none $BTC
$LAYER Some people say I lost money on the layer, but in fact, I didn't. In fact, I can say that my operations were quite perfect, and they were all long positions. Not only did I benefit from the rebound, but I also earned from the funding rate. It couldn't be more enjoyable.
Bitcoin Operation: The bears will arrive eventually, albeit late. ಥ◡ಥ This position is likely in a range-bound market, based on the 15-minute candlestick, oscillating back and forth within the channel. $BTC
Next Bitcoin Trend: 1. From a liquidity perspective, the upper short liquidity has been mostly captured, and without fuel, continuing to push prices up requires massive spot buying; the futures market no longer has momentum for further increases. 2. From a macro perspective, it has been confirmed that there will be no interest rate cuts in May and June, QT has not ended, and the market lacks liquidity, still operating under a mode of funding mutual cuts. 3. From a geopolitical perspective, the Russia-Ukraine war has not ended, and the India-Pakistan conflict has resumed. 4. From the candlestick pattern perspective, the price has already formed a breakout at the 4-hour level, but from the volatility range, it has deviated too far from the mid-track, reaching overbought conditions; my quantitative strategy has already issued a short signal. In summary, I really can't find a reason for Bitcoin to continue rising. Perhaps the market doesn't need a reason to rise, but chasing the rise now is certainly not feasible; bullish momentum has weakened. The most likely scenario is a wave of consolidation here. I tend to favor a range of 100k-106k for this consolidation. Only after accumulating enough futures liquidity will Bitcoin choose a new trend direction. A brief mention of altcoins: on the day of Ethereum's upgrade, there was not much movement; after the upgrade, it surged instead. The main force seems to be deliberately creating a large-scale short squeeze; the shorts hadn't even reacted when they experienced a series of liquidations, which in turn pushed Ethereum even higher. This wave of Ethereum's movement successfully boosted altcoins, retail sentiment became euphoric, and the altcoin season kicked off. Meme coins are still at the forefront, but currently, market funds are active, with little new capital coming in. It appears this wave of market activity won't last too long; the trend can still safely persist for a few days. Enjoy the altcoin season while Bitcoin consolidates!