btc: The current price is near the strong resistance level of 88125. This position is at the lower Bollinger Band of the 5-day line, the middle Bollinger Band of the 8-hour line, and also the 1-day EMA7 (88150), a convergence point of triple pressure, which indicates a sideways movement is about to begin. Short positions can only be taken at low levels between 86125-85555; if it breaks below 85000, long positions should be abandoned.
Above 88100, the next significant resistance is the middle Bollinger Band of the 12-hour line at 90200 and the lower Bollinger Band of the weekly line near 90600. The range from 88100 to 90600 is the extreme range for a rebound at the 1-day line level.
Calculated the adjustments of BTC on a monthly basis over the past few years!
If the bull market trend is still intact, the typical adjustment range is between 30-40%. If the trend reverses, the adjustment may exceed 50%. Currently, the highest adjustment has already reached 36%.
At the same time, looking at the adjustment time, three months is generally considered normal, and now only half of that time has passed. Therefore, I believe that in the upcoming month and a bit, there will be a major bottom fluctuation, between 75,000 and 80,000, and 80,000 to 88,000. If there is a rate cut in December, it will break through; if not, it will decline and fluctuate below 80,000.
Regardless, whether there is a rate cut in December will not determine the trend. After all, continuous rate cuts are inevitable, just a matter of time, and the rate cut next year will be stronger than this year, leading to a more significant market effect. I believe that 126,000 is definitely not the peak of this round of BTC; we will see good market conditions by Q1 at the earliest or Q2 at the latest.
From another perspective, even if you think we are in a bear market, following the past rhythm, after three consecutive months of decline, there should be a decent rebound. This is something you can't miss!
eth: 2850 has become the maximum pressure. There will be 2 more accelerations of decline next week. Positions can be added for shorting between 2770-2798-2828.
Support points below: After a pullback to 2666 and 2626, part of the profits can be taken, and then after breaking below 2600, target to take profits in batches at 2528, 2482, 2440. The rebounds in between mainly focus on small-level rebounds in 15 and 30 minutes, shorting at the upper Bollinger band position and adding to short positions. In the future, when it drops to 2440-2372, do not short blindly; wait for a rebound to 2580-2626 before adding positions. After breaking below 2330, we will directly see 2112-2050, with no strong support within these 300 points.
The BTC daily level rebound still shows no signs, so the limit of the rebound is restricted to below the 12-hour level. The highest point of the 12-hour rebound is the 12-hour EMA7, corresponding to the point of 87150. Therefore, I determine that this is already the ceiling of the BTC rebound. In other words, above 88000 is the current strongest resistance. Without a super favorable stimulus, it is basically impossible to reach here, so the defense for shorting can basically hold strong here. This point is similar to the first phase bottom (when BTC rebounded from 88800 to 93850, it was mentioned that the defense should be at 94250). Essentially, it is a case of breaking support and turning it into resistance, which has already established a major tone for shorting after a rebound. Without holding any short positions, do not easily catch what you consider to be low entries for long positions. Without a profit cushion from high short positions, going long alone can easily lead to being trapped, and the cost of correcting mistakes is high. The 12-hour level rebound has not yet occurred. Looking at the 8-hour level, the high point of the 8-hour rebound is 86200, and this rebound has not formed either. Looking at the 6-hour level, the rebound high point is 85500, while the rebound for the 4-hour level is 84800, and the rebound high points for the 3-hour and 2-hour levels are 84700 and 84565, respectively. Currently, we are within the rebound range of the 2-4 hour levels, so today it will not even stabilize at 84500. Therefore, shorting at highs is very simple; entering shorts at the rebound between 84600-85500 is advisable, with 86200 as a backup for adding to shorts. For 87150 and above, it is better not to look at it for now, as the rebound is likely to take effect, and it has not yet upgraded to this level of rebound before starting to drop again. Last night, it dropped all the way to 80600, near the 80000 barrier. The next step after breaking 80000 is to still look at the first support level below, which is 78800-78200. The rebound remains conservatively seen at 83850-84250. After breaking through here, the next important support is this year's February to April weekly level adjustment bottom: 74600. Many people believe that this is still the bottom of the current round of adjustment, but I have clearly determined that it is unlikely to still be the bottom here. When the market reaches 61800, I will interpret the logic of this step and the basis for the K-line movement.
ETH Small Box Fluctuation Intra-day short-term ETH oscillation within the range of 2673-2781; Left side ambush short at 2781, with a defense at 2831, and targets at 2730 and 2680; Low long ambush at 2673, with a defense at the previous low of 2619, and targets at 2727 and 2759
Over 10 billion in liquidations! Is there still room for Bitcoin and Ethereum to fall? Are those buying the dip being liquidated?
In the past 24 hours, a total of 357,978 people globally faced liquidation, with a total liquidation amount of $1.697 billion! Bitcoin plummeted by $80,000, Ethereum dropped by 2,600, and now it's just lying flat; the scythe can't touch me unless it goes back to 74,800, then I'll buy the dip again! Such a deep decline will take at least a week or two to establish a bottom, and there are opportunities to enter the market, unless you're completely out of positions, there's no need to rush.
BTC
Yesterday, after BTC accelerated its decline, it formed a large long shadow candle with a huge volume, exceeding the 1010 liquidation day. The liquidity from the panic selling yesterday was absorbed by large funds, and similar to January 2022, it found support at the weekly EMA120 moving average and initiated a rebound.
At this point, the most sorry ones are the family, right? 🤣 Yesterday, it was just a little short of breaking 80000, and then after going up, the dovish comments from the Federal Reserve came. I have to say, it's a wonderful journey.
1. $BTC dropped to a low of around 80800, and has now rebounded to around 85500. With the expectation of interest rate cuts from the Federal Reserve coming back, the weekend is approaching. Can we sing for a while?
2. $ETH was close to breaking 2600 at its lowest point and has now rebounded to around 2780. Recently, ETH treasury companies have been constantly selling ETH to buy back stocks, and BMNR has now surpassed BlackRock to become the largest holder;
3. $SOL was close to breaking 120 at its lowest point and has now rebounded to around 129. Recently, DAT treasury has been buying, and it seems to be the strongest one;
The weekly price has reached the middle track of the ASR channel. As long as the closing price this week closes above 85000, the support at the middle track here can be considered valid!
Don't follow the crowd shouting 'I need to escape'; it may well be that the short-term targets have been hit, and we might see some consolidation or a rebound!
If you want to go long, currently you can only wait for a right-side signal; do not enter the market without a bottom structure;
If you want to go short, it's best to build a position at a very low multiple. There will definitely be a rebound in the future, and the main purpose of holding a low-multiple short position is not to make money, but to prevent yourself from impulsively going long on the left side...
After the surge, the structure and logic of ABC correction waves
1. Wave A —— Rapid drop: from frenzy to awakening (currently)
Technical characteristics: • K line turns from bullish to bearish, usually showing the first significant large bearish candle • Volume expands, indicating that funds are concentrated in selling • Trading activity decreases • Indicators show significant divergence (MACD, RSI sharply turning after high-level stagnation)
Capital behavior: • Institutions accelerate profit-taking during this phase • Retail investors who bought at high levels are confused and hesitate to sell
Typical emotions: • "Why did it drop suddenly? Is it a washout?" • "It has been rising for so long, a pullback is normal." • "I won’t sell; I’ll wait for a rebound."
Essence of Wave A: It is the first time the market realizes that the uptrend has ended, but emotions remain immersed in the memories of the past bull market.
2. Wave B —— Illusory rebound: from luck to fantasy (early next month)
Technical characteristics: • A rebound starts from the low point of Wave A, but the rebound strength is relatively weak • Many times the rebound reaches previous key resistance levels (moving averages, trend lines, Fibonacci 0.382–0.618) • Volume shrinks, lacking strength • K line oscillates upward, lacking momentum
Capital behavior: • The main force uses retail investors' "break-even sentiment" to continue distributing chips • The market seems to be moving up, but institutions are quietly selling
Typical emotions: • "It turns out to be just a washout; the market will continue!" • "I won’t sell! I still want to wait for a breakthrough to a new high!" • "If it rises a bit more, I’ll break even."
Essence of Wave B: A wave that tempts the crowd, a denial of emotions against the trend, the last fantasy of the market.
3. Wave C —— Main decline phase: from hesitation to panic to despair
Technical characteristics: • Most of the time, Wave C is a five-wave decline (advancing structure) • The decline is often greater than Wave A, and the speed is faster • Trading volume significantly increases • Directly breaks the low point of Wave A, triggering panic selling • Ultimately, in panic, the volume exhausts and forms a bottom
Capital behavior: • Late-stage buyers are forced to cut losses • Strong funds begin to accumulate at low levels • Institutions slowly complete the next round of layout
Typical emotions: • "Why is it dropping again? Didn’t they say there would be a rebound?" • "It’s over; this market is finished..." • "Forget it, I’ll cut losses." • "I won’t play anymore in the future."
Essence of Wave C: Liquidation wave, squeezing fantasies out of the market, washing away all floating stocks, creating space for the next trend.
Recently, the market has been continuously declining, but the positions remain at a high level. However, just now, a 15-minute downtrend led to a rapid decline in positions. It seems that a small portion of the bulls have surrendered. Additionally, this is the POC position from the fluctuations in April. It is believed that there may be a brief support here. If the U.S. market continues to decline, there may be a significant rebound by the end of Saturday.
In recent years, every time a risk arises, Bitcoin has always been the first to bear the brunt. Looking back, in December 2017, Bitcoin peaked, and in January 2018, the U.S. stock market peaked. In November 2021, Bitcoin peaked, and by the end of December that same year, the U.S. stock market peaked. When institutions withdraw assets, they always withdraw the highest-risk assets first and then gradually pull out, so the U.S. stock market likely won't enjoy its success for too long. The most important internal reason is the significant decrease in interest rate cut expectations in December + the potential economic recession in the U.S.
Bitcoin often hits bottom first after a drop, so there is no need to panic at this position. Historically, after each major liquidation, the market tends to continue to trade sideways or correct for about 8 weeks. It has already been 6 weeks, so both in terms of time and space, it is possible to enter a regular investment phase. The more it drops, the more I buy. I plan to continue accumulating in the range of 75000-85000, unloading the positions between 11-12.5 that were offloaded. A drop means earning coins, and when it rises, the money will naturally increase.
When the market rises These institutions are ancestors, saviors, and gods
When the market falls These institutions are grandsons, vampires, and demons
When the market rises, they are the catalysts driving the trend Similarly, when the market falls, they are the biggest selling pressure in the market
Total collapse? BTC and ETH continue to plummet! Are you still looking to buy the dip?
In the last 24 hours, a total of 229,881 people globally have been liquidated, with a total liquidation amount of $834 million! Yesterday, the US stock market opened high but closed low, with the technology/crypto sector leading the decline. BTC also experienced a rapid drop in volume, and the market is in a panic sell-off, with Bitcoin plunging to $86,000 and Ethereum crashing to $2,960! Now is the time to buy on dips. From this week to next week, those shorting should be careful; the risks are high.
BTC BTC has fallen for 11 consecutive days on the daily chart, and the three moving averages have begun to press down quickly. Therefore, a significant low must be found here before the downward trend can end. The RSI and MFI are still stable within the bearish range and have not terminated the current trend, so there is no phenomenon of bullish divergence at the bottom. At the same time, the CCI's significant deviation from the zero line also tells us that the current situation is dominated by the bears. Therefore, the accelerated decline will continue.