The price fluctuated little over the two days of the weekend, reaching a peak near 110000 and then experiencing a significant drop to a minimum of around 108900 before rebounding. After that, it touched the area around 109700 and faced resistance, pulling back. Currently, the overall continuity and strength are still lacking, remaining in a downward channel, with a too circuitous rhythm of turning back at every step, resulting in no breakout from a unilateral market for a long time. In the short term, breaking through the box will reveal the direction of the market ahead!
The key now is to pay attention to the rhythm of the pressure breakthrough. At present, a reversal has not yet formed, and the short-term position has not effectively broken; thus, it still revolves around range oscillation and adjustment. Attention needs to be paid to the breaking situation of the upper line at 110000. If it cannot effectively break, it will still be viewed as maintaining the range. In terms of operation, the focus should be on selling high and buying low!
On Saturday, Bitcoin Ethereum spot transaction feedback records, with a 90% win rate this week reaching the top, it's the season of harvest!
During this time, I believe that those who have been following Zhao Si have had good gains, completing the position doubling in real-time. My daily thoughts and strategies are publicly available online, and everyone can see the results. As of this week, the big coin has already captured a space of 5568 points!
The entire process is a live broadcast of tips and posts. To be honest, if you miss this opportunity, it is your own problem. Walk with the light, and you will surely shine.
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Bitcoin continued to show strong bearish sentiment in the early morning, with a minimum drop reaching the 108500 level. The range pattern that had been oscillating for several days was strongly broken, and there is inertia to continue breaking lower. In the short term, attention should be paid to changes in resistance within the range, and operations should follow the trend!
From the current trend, the four-hour level has consistently seen downward pressure on prices, and the short-term moving averages are gradually forming a bearish divergence pattern. The signs of weakening in the trend are obvious, and after the drop, there has not been much rebound action. The current trend is relatively weak. In the short term, focus on the continuation of the decline and the strength of the rebound to determine the layout of bearish expectations for the future!
Recently, the market sentiment has been hot, and the analyses in the past few days have all hit the mark, with the stone plate being publicly available online! The state is gradually improving!
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From the current trend, the four-hour level has been under pressure, and the short-term moving averages have begun to gradually show a diverging pattern, indicating signs of weakening in the trend. In the short term, pay attention to the continuation of the decline, and secondly, the strength of the rebound will determine the layout expectations for the future!
From a technical structure perspective, after breaking through the previous range-bound structure, the market has formed a continuous weak downward trend. The daily K-line has a strong pullback, and although there has been a rebound in the short term during the day, it has not broken through yesterday's starting point, so the weak structure remains unchanged! The daytime rebound can only be seen as a corrective action after the decline, obviously not a reversal of the trend. Currently, the trend remains unchanged, and we should continue to maintain a bearish outlook!
The roller coaster market in the past few days has indeed caught many friends off guard. Watching the trapped positions must be quite alarming.
Don't worry, you are not alone. At times like this, the most important thing is to stay calm; the more flustered you are, the easier it is to make wrong decisions. The market is like the weather; there will always be times when the clouds cannot hide the sun.
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Making orders is not entertainment, nor is it gambling; it is a battlefield! As long as you have the execution ability to hit the target and the courage, then the next one to succeed will be you!
Are you the hunter or the prey? It depends on whether you follow the right general and whether you have iron discipline!
Important data is coming At 00:35 on September 24, Federal Reserve Chairman Powell will deliver an important speech on the economic outlook
At that time, the market may experience significant fluctuations, everyone should pay attention to risk control, Zhao Si is very confident about the data market, expecting a rise followed by a fall #加密市场回调 #BNB创新高 #现货黄金创历史新高 #Strategy增持比特币 #币安HODLer空投0G $BTC $ETH $XRP
In terms of the current market situation, the trends of Bitcoin and Ethereum are quite similar, with an overall bearish pattern still prevailing. The continuation of the bearish trend is strong, so in this rhythm, one can continue to participate by maintaining a high short position. Just follow the trend downwards; any rebound is a short opportunity. Therefore, the main structure remains bearish, and there are also chances to capture short-term longs in the short term. Of course, treating it with a high short mindset is more prudent!
The range pattern that has been oscillating for several days has been strongly broken. Currently, there is an inertia to continue breaking lower. In the short term, attention needs to be paid to the changes in resistance within the range. The small-scale top and bottom conversions will increase the probability of short-term fluctuations. Just go with the trend in operations.
From the current trend, the four-hour level has been continuously pressing down on prices. The short-cycle moving averages are starting to gradually show a bearish divergence pattern, indicating signs of weakening. Currently, it is temporarily supported around 109500, and after the decline, there has been basically no significant rebound actions, so the current trend is relatively weak. Therefore, in the short term, focus on the continuation of the decline, and secondly, the strength of the rebound will determine the layout of the bearish expectations for the future market.
The market has suddenly encountered a sharp decline, with the total liquidation amount for long positions reaching 1.7 billion. A total of 407,480 investors worldwide have faced liquidation. This is the largest single-day liquidation volume for long positions since 2021, and even the experienced Zhao Si was not spared. Therefore, we must always maintain a sense of reverence for the market.
The anticipated market reversal has come faster than expected, and it has already broken through levels, so long positions can no longer be held, and strategies must be adjusted in a timely manner. The current rhythm still belongs to the category of shakeouts. Looking ahead, we should short positions in line with the market rebound.
In terms of the current pace, a short-term oscillation trend is forming, and there hasn't been much continuation in the short positions. The area around 116500 has certain pressure, while the support has currently moved up to around 115000. Further support is at 114300. It is expected that after a slight pullback during the day, there will be an upward push towards the pressure level near 116500. Therefore, in terms of operations, we will maintain short positions!