Recently, due to platform activities, our studio is also fully committed to leading everyone in the journey of capital turnover. Recently, there have been fewer shared strategies, mainly due to various issues like lockdowns, so we're sharing fewer strategies. However, our overall approach remains consistent with a clear long-term perspective. Today, Bitcoin has once again dropped below the 100,000 mark, which aligns perfectly with our thinking. I mentioned earlier that after the monthly line closes with a downward trend, the overall market would shift to a bearish trend. Those who are not brave enough continue to bottom-fish as usual. I hope everyone manages to take reasonable profits and losses in such a market. Additionally, based on past publication patterns, it is expected that we may have to wait until mid-month to be more free; currently, retail investors are still continuing to strengthen their positions.
From the current market perspective, the daily structure is undergoing a significant deep adjustment, and the price comparison continues to decline, breaking through the lower structural limit. This kind of market does not seem to be suitable for bottom-fishing, especially since the last rebound basically confirmed the pressure of the high point, leading to a new downward channel. The bottom space remains relatively ample, and I previously discussed that the key gap at the bottom is around 93,000 USD, which is also our ultimate target point for a bearish long-term outlook. Therefore, from a long-term perspective, there are still chances for a pullback, so there is no need to rush to chase at high levels. As for the short-term fluctuations, the current market is in a state of a daily shadow line retracing nearly 10,000 points. In the short cycle, there will definitely be opportunities for rebound adjustments, but the trend remains unchanged, and there are still opportunities to short on short-term rebounds. Pay attention to the key resistance level of 103,000 for reference stop-loss.
Bitcoin can be shorted near the range of 100,500-101,000, targeting around 97,000. Ethereum can be shorted near the range of 3,300-3,250, looking at around 2,900. Whether to add positions depends on your own position situation. #BTC #ETH
The fluctuations of K-line are never the entirety of life; it is the market's volatility that is its eternal norm. The fatigue of staring at the market at three in the morning, the sleepless nights after a margin call, the regret after chasing prices up and down—these are essentially the growth annotations we must experience on the trading path. At midnight, Bitcoin shows a one-sided downward trend, with prices oscillating down from a high of 115744, and currently hitting a low below the 114000 mark; Ethereum also faced pressure after reaching a high of 4231, and after probing a low of 4090 this morning, it has gradually stabilized and warmed up.
From a daily structure perspective, the price is testing the upper resistance level, forming a long upper shadow, indicating strong resistance above. Whether the K-line can break through the 120-day moving average pressure is particularly important. Currently, the middle track has not materially broken through and the Bollinger bands are in a contracting phase, with no clear distinction between bulls and bears. Due to the pressure of short positions, the larger cycle still tends to adjust. In the four-hour K-line chart, prices touched the upper Bollinger band and then immediately fell under pressure, clearly confirming that there is strong resistance in this range, and bullish momentum has not been able to form effective continuation, making it difficult to push prices further up. Currently, the round number of 117000 has become a key resistance zone, and before achieving an effective breakthrough at this position, there is still some room for bearish opportunities during the price drop. From the one-hour chart, the market shows a continuous pullback trend with four consecutive bearish candles, and it is gradually approaching the middle track of the Bollinger bands. Although a doji star bearish K-line has appeared subsequently, accompanied by a slight rebound, all technical indicators and moving average systems maintain a downward structure, and bearish strength still dominates in the current pattern.
You can short lightly in the range of 114000-114500, targeting around 112300. For Ethereum, you can look to short in the range of 4150-4130, aiming for around 4000. #BTC #ETH
After the weekend's rebound correction, the overall pancake price ratio is still under pressure at the 112000 level. Currently, it has not yet broken out of further retracement, and the overall market remains in a large cycle of oscillation structure. As we approach the end of the month, I previously mentioned that the monthly line will likely still close in a bearish form, currently only in a testing phase of the high point's resistance after the rebound. The future market remains bearish in the large cycle.
From the current market perspective, after the weekend's consolidation, the daily structure shows a three-day upward correction. The indicators still do not show any divergent signals, and the overall trend indicates an intention to move downward. This round of Fibonacci 38.2% key resistance is also around 112500, which is a critical pressure point for this round of rebound. Only after breaking through can the bulls extend further. In terms of shape, there is still a risk of moving out of the downward channel; the large cycle is still bearish in the short term. Currently, operations should maintain a bearish stance. The short-term trading method will continue the oscillation correction adjustment.
The pancake can be shorted at 111500-112000, looking at around 108000. The aunt can be shorted at 4050-4020, looking at around 3900. #BTC #ETH $BTC $ETH
On Saturday morning, Bitcoin initially declined before rising, stabilizing after a slight dip to the low point of 106270. It then started to rebound, reaching a maximum of 107250. The rebound rhythm is clear. During the same period, Ethereum's trend was highly synchronized with Bitcoin, confirming support near the low of 3817 in the early session, followed by a slight rebound, reaching a maximum of 3880 before losing momentum, transitioning into a phase of consolidation with overall range-bound fluctuations.
The daily chart for Bitcoin shows a "four consecutive downs" followed by a bullish candlestick indicating a correction, with short-term bullish signals beginning to appear. However, it should be noted that the Bollinger Bands are diverging, and the price is still operating near the lower boundary of the range, with the MACD indicator showing that bearish momentum remains active, indicating that the foundation for a market recovery is not solid. On the four-hour chart, the price has reached the bottom in a staircase-like downward pattern, then formed a candlestick with a long lower shadow and rebounded to near the middle band. Although there is a convergence in the MACD fast and slow lines, an effective golden cross and upward opening structure have not formed, which indirectly confirms the current lack of sustained bullish momentum and limited rebound strength.
Bitcoin can be shorted in the range of 107000-107500, with a short-term view near 105000. Ethereum can be shorted in the range of 3900-3930, with a short-term view near 3800. #BTC #ETH $BTC $ETH
Recently, I have been reminding everyone to look for short selling. With the monthly line structure shaking like this, what strong rebound can we expect? During the Asian session, the bears continued to increase their volume and move lower. Bitcoin's price rebounded to around 109200 in the morning but faced resistance, and the market continued to decrease in volume, briefly breaking below the strong support level of 107200, with a minimum retracement to around 104200 for short-term support. It is currently in a correction after hitting the bottom. Ethereum is also following Bitcoin's trend, rebounding at 3950 and then moving lower, with the lowest retracement to around 3700 where it stopped falling. In the morning, the points we provided were all accurately reached, and in real trading, we took profits on half near 107200, fully taking profits at the bottom of 105000, thus achieving today's victory. There are still some opportunities in the market, but if the key support breaks, the chances for bottom fishing remain slim.
The daily chart shows four consecutive downward candles, with the price retracing near the lower Bollinger Band, facing short-term resistance. The three lines of the Bollinger Band also show signs of widening, indicating further space for bearish volume in the future. In terms of indicators, both the fast and slow lines of MACD have broken below the zero axis, and the energy bars are also in a relatively weak shape. The market can still look further down rather than for bottom fishing opportunities. Looking at the four-hour chart, there is a step-like downward structure, where the pattern changes from small waves to larger waves, further retracing and creating a downward channel. The market maintains a downward outlook for further declines. This round of long-term focus should be on the gap near the bottom at 93000.
Bitcoin can be shorted between 105500-106000, watch around 101000. Ethereum can be shorted near 3800, watch around 3500. #BTC #ETH $BTC $ETH
Midnight trading session, Bitcoin's market shows an 'independent rhythm of sharp decline and subsequent consolidation': The price quickly dropped from the high of 108712, and after touching the support level of 107408, the momentum sharply decreased, subsequently entering a narrow range of fluctuations. Throughout the process, the market consistently oscillated around this low range, with both bulls and bears failing to demonstrate dominant strength, and no breakthrough actions to disrupt the balance occurred, presenting a typical characteristic of low-level accumulation. In the same period, Ethereum's midnight trend was even more complex, showing a three-stage market of rebound encountering resistance - deep pullback - mild recovery: the price first slightly surged to a high of 3968 but was unable to sustain the upward momentum due to overhead resistance, quickly falling back and finding support at a low of 3826; entering the morning period, the market's buying power gradually recovered, and the price steadily rose back to near the high of 3898, forming a slight recovery trend in the short term, injecting a bit of positive momentum into the current oscillation pattern.
From the four-hour chart perspective, a clear three consecutive bearish candle pattern has been completed, with the price consistently extending downward, closely adhering to the lower band of the Bollinger Bands, and the overall trend has completely fallen into a larger weak zone. During this process, bulls showed no signs of resistance, the downward space opened completely, and combined with the currently still abundant bearish volume, the technical pattern clearly indicates that the trend is likely to continue downward, with a weak pattern that is irreversible. Switching to the one-hour level, the market entered an adjustment cycle of oscillating declines and gradual pullbacks after the first round of sharp declines. Although the short-term downward rate has slightly slowed, there are occasional sporadic rebound movements from the bulls, but the bearish volume continues to maintain a strong state of continuous release, with key support levels below being consecutively broken, and the adjustment lows continuously shifting downwards. This signal clearly confirms that the current downward cycle has not yet concluded, the adjustment phase is in an overall downward trend, and there is still some room for pullbacks in the future, while the short-term support level of 107200 being tested multiple times without breaking is worth paying more attention to.
Bitcoin can be shorted in the range of 109200-109700, looking for a continuation below 107200 towards 105000. Ethereum can be shorted in the range of 3950-3980, looking towards around 3800. #BTC #ETH
The true magic of the cryptocurrency world is not in the instantaneous surges, but in the eternally rotating cycles. It never lacks scripts where one rises from the dead — every seemingly suffocating despair wash actually quietly nurtures new wealth opportunities; every market's deep squat-like correction is a buildup of strength for the next higher leap. So there is no need to fear the long bear markets, as spring will never be absent, only delayed. When you truly understand the cycle, you grasp the courage to watch for dawn in the darkness, and you also hold the confidence to navigate through fluctuations. Yesterday, we maintained a bearish outlook based on our exquisite reasoning, and the Bitcoin market also pulled back to our target level near 110000 as expected. In the latter half of the night, some recovery was observed, but the short positions were also entered as planned for profit-taking, and we continue to enjoy a winning streak recently.
Looking at the current market, the daily candlestick shows a long lower shadow structure, indicating that the intraday pullback bottom support structure is relatively strong. However, the overall price range is still between the middle and lower bands, and the moving average structure remains in a short-term bearish configuration. But at present, there is still no need to anticipate a deep correction; the short-term expectation is still for further oscillating adjustments before assessing the strength of bulls and bears. In the smaller four-hour cycle, following the deep correction after the new high, a bottom has formed in one wave, and the Bollinger Bands are in a flat adjustment structure, testing the 110000 level without breaking it further, still regarded as a short-term strong structure. Currently, recovering near the middle band faces pressure, and the upper band has flattened to strong resistance for rebounds. In the short term, the overall market still has some room for correction. The early morning strategy still considers entering short at high levels, and pulling back to key support can still attempt short-term long positions.
Bitcoin can be shorted at 113000-113500, targeting near 110000. Ethereum can be shorted at 4150-4180, targeting near 4000. #BTC #ETH $BTC $ETH
The rebound in cryptocurrency prices during the early hours did not gain further continuation. With fluctuations around the high level of 114500, the overall price dropped after the morning closing, and profits further retreated, with the lowest price touching around 111000. Currently, there has been a slight stop in the decline, but it remains in a strong bearish phase. In terms of Ethereum, after a pullback to around 4300, it experienced a drop under pressure, establishing a strong bearish situation. The overall price is expected to gradually move out of the downward channel, awaiting further consolidation and probing for a continuation.
From a four-hour perspective, the price rebounded to the middle track with a small consecutive upward pattern, then transitioned to alternating small declines and small rises, again shifting to bearish volume. As the four-hour Bollinger Bands continue to narrow, bearish volume has broken below the middle track. Although there hasn't been further volume breaking the bottom structure in the short term, it has already shown strong bearish momentum. On the hourly chart, the price rapidly fell from eight consecutive declines, retreating from the upper track to near the lower track. Currently, the KDJ three-line indicator continues to diverge downwards, the MACD energy bars are continually strengthening, and the Bollinger Bands are slowly expanding downwards, indicating that the current downward momentum is still continuing. Short-term operational advice suggests maintaining a bearish outlook, and after a rebound, positioning for short positions can be considered.
Bitcoin can be shorted at 112500-113000, watching around 110000. Ethereum can be shorted at 4070-4040, watching around 3950. #BTC #ETH
After experiencing the implementation of Trump's tariffs last week, the cryptocurrency market has gone through a round of liquidation and showed a corrective maneuver over the weekend. The price comparison has also provided a certain degree of correction, with Bitcoin returning to above the monthly opening point. Currently, Bitcoin is still oscillating and consolidating around 115500 and has not yet broken out to further recover and extend. As for Ethereum, it has also synchronized with Bitcoin's trend recovery, showing a slightly strong recovery force, but it has not broken through the key resistance. Recently, I haven’t shared too many strategies, but the current price orders I shared in the recent live streams should have brought you plenty of gains. After all, I have been reminding everyone to take a long-term bearish view since it broke the new high, and during the last round of nearly 20,000 points drop, without saying much, just follow our mindset, catching 5000 points is not difficult.
From the current market perspective, Bitcoin's monthly chart has formed a doji candlestick pattern. The previous monthly line turned bearish, which could indicate the current market's potential trend. This month has broken the high, liquidating the high-leverage short positions above, and we are only in the middle of the month. We need to pay attention to whether there will be favorable interest rate cuts as expected this month; otherwise, the monthly line may still turn bearish and decline. Combining the four-hour chart, the overall pullback to the bottom shows a short-term base-building followed by a rebound. The price comparison near the 120-day moving average is still under pressure, and with the Bollinger Bands narrowing downwards, the future high points will still experience a certain pullback after short-term fluctuations. Bitcoin can continue to maintain a bearish outlook in the short term. The stop-loss for Bitcoin short positions is recommended above 116500.
Bitcoin can short between 115300-115800, looking at around 113000. Ethereum can short near 4200, looking at around 4000. #BTC #ETH
Yesterday, the overall market showed a certain bearish volume, with Bitcoin's price briefly retracing to around 119600 to halt the decline and then rebounding. Currently, the price has recovered to around 121500 and is consolidating without further breaking through yesterday's consolidation level for an extended rebound. On the Ethereum side, the retracement was more severe, briefly dropping to around 4260 before halting the decline, and it is now consolidating around 4360. The overall price adjustment of coins has been communicated in our live broadcasts and strategies in advance. The bottom-fishing at around 119500 for Bitcoin has also materialized as expected, resulting in a dual gain for both long and short positions. We will continue to observe the key positions for speculative opportunities in the future.
From the 4-hour chart, the market initially halted the decline and began to rebound after two consecutive bearish candles, with prices slightly recovering. However, it is important to note that the Bollinger Bands still maintain a downward opening, and the overall trend remains within a downward channel, without any structural changes. Based on historical price movements, each bullish rebound has previously been accompanied by strong downward probing, so the current rebound is more of a normal corrective action in the downward trend rather than a trend reversal signal. Switching to the 1-hour short period, although the market rebounded with a four-consecutive bullish candle pattern and crossed the middle line of the Bollinger Bands, the bullish candlestick bodies are generally small, indicating relatively weak bullish momentum. More crucially, this rebound has not yet recovered the previous decline and has not formed effective momentum continuation.
Bitcoin can be shorted around 122000, with a target near 119500. Ethereum can be shorted in the range of 4380-4400, with a target near 4300. #BTC #ETH $BTC $ETH
The early market hint for a bearish strategy was also given as expected. The early market closed with a certain rebound, with Bitcoin's price recovering to around 122200 before facing resistance and falling back. The market has shown a fluctuating structure during the day, with a pullback encountering resistance at the 121000 level before rebounding, with the highest target recovering to around 122800 under pressure. Currently, it is still in a consolidation phase around 122400. Ethereum also pulled back at the expected 4500 level, facing resistance and falling back, with a target also indicating a certain pullback. In our real market layout today, we also followed the trend with short positions, capturing over 1000 points with Bitcoin, while setting short positions around 4490 for Ethereum, securing over 70 points around 4420, and taking all short-term gains for the day. There are still opportunities for short positions in the future rebounds.
From the current four-hour chart, the overall market's pullback to the lower track is worth considering for a rebound after yesterday's deep adjustment. Currently, the price is running in the lower-middle track range and has not further extended the rebound to break through the middle track. In terms of indicators, the MACD has shown multiple divergences at high levels and is currently in an adjustment state, with the middle track not breaking, suggesting to first look for adjustments temporarily. Combining the one-hour chart, the recovery of the large bullish candle has brought the price back to the upper track range, and the Bollinger Bands have once again shown a flat shape, indicating that the fluctuations will continue to adjust before sharing later, with the target pattern temporarily maintaining high short positions for operations.
Bitcoin can be shorted in the range of 122800-123200, with a lookout at around 121000. Ethereum can be shorted in the range of 4500-4530, with a lookout at around 4350. #BTC #ETH $BTC $ETH
A brief review of yesterday's market: Bitcoin retraced to around 123200 in the afternoon yesterday and stopped falling, entering a bullish volume stage and beginning to test the resistance of the highs, ultimately being pressured at the 125000 level, which changed the trend. The market has seen a deep correction, with the lowest retracement reaching the 120500 level and not further recovering during the early morning phase. Ethereum overall also initially showed a strong rebound, temporarily recovering to the key position of 4750 before falling back. The market also retracted 300 points, and currently, the price is maintaining around 4450. Yesterday, our actual trading layout for long positions also achieved profits and exited. Earlier, I mentioned that at the high level of 126000, high leverage liquidation occurred, and there is no need to chase long positions too deeply; the goal is for the market to undergo a certain correction, which is a healthy structure.
Bitcoin's daily chart broke the previous series of bullish candles and provided a certain amount of pullback. The previous highs are now reflecting the current pullback. Today, a large bearish candle has retraced the rise of the previous four days. Although the Bollinger Bands are currently in an upward opening trend, we are now in an adjustment phase after the rally. In the short term, it is advisable to consider a bearish view on a certain retracement. Looking at the four-hour chart, we are currently in an adjustment after the rally, with the retracement forming a head structure. The overall market still needs to break through the 122500 line to have further recovery opportunities for bulls. Currently, the price range has retraced to near the lower band; after a pullback in the future, the middle band will still face pressure. Near the 30-day moving average at around 122300, one can consider entering short positions, with stop-loss near the middle band. The strong support level to watch now is the 119000 level, which is also the target point for short positions and the main opportunity for our long positions.
Bitcoin can be shorted in the range of 121800-122300, watching near 119000. Ethereum can be shorted in the range of 4480-4500, watching near 4380. #BTC #ETH $BTC $ETH
Yesterday, the overall market trend also rebounded as expected, with the price rising again and breaking through the 126000 mark. The high leverage liquidation is completely consistent with our thinking, and Ethereum is also following Bitcoin's path, continuously exploring highs and recovering to the 4700 mark. Currently, it is still in a strong structural adjustment. Our real-time layout yesterday saw Bitcoin take profit near 125500, while Ethereum took profit and exited near 4650, both accurately reaching target points. Recently, the cryptocurrency market has been following the US stock market’s continuous highs, and changing the trend in the short term remains relatively difficult. Currently, the strategy remains unchanged.
From the current market pattern analysis, the four-hour level shows a clear oscillating upward trend, steadily climbing along a stepped path, with a solid foundation for the trend structure. Each time the market breaks through a historical high, it is accompanied by healthy pullback actions to digest short-term floating capital, and the pullback amplitude has always been controlled, never falling below the previous pullback low, forming a typical "advance two, retreat one" strong upward rhythm, with very significant bullish dominance characteristics. The current price has run to the key resistance area below the upper track of the rising channel. Due to the short-term exhaustion of bullish momentum, when the market faces the upper pressure level, a preliminary demand for a pullback has emerged, and it is highly likely to enter a phase of oscillation and consolidation in the short term, accumulating momentum for subsequent breakthroughs. The short-term 30-day moving average has risen to around 122500, indicating strong support at present, and the outlook continues to maintain a bullish perspective.
Bitcoin can be bought at 123200-123500, aiming for around 125500. Ethereum can be bought lightly at 4650, aiming for around 4750. #BTC #ETH $BTC $ETH
In the early session, Bitcoin has recovered to around 124200 but faced resistance. It remains oscillating near 123700, while Ethereum appears to be stronger, currently showing a slow upward trend. The focus now is on not breaking the resistance level for the bulls to maintain their position. There is still a possibility of further short liquidation above, and for now, it is advisable to maintain a bullish operation in the short term.
From a smaller timeframe perspective, Bitcoin is currently following a consolidating pattern with the hourly Bollinger Bands, serving as an adjustment after the recent high. The key resistance level is whether it can break through the 124000 mark to establish a second upward momentum. Otherwise, it will continue to oscillate in the short term, with the overall market remaining bullish as long as it closes above the 122500 mark. The overall outlook remains bullish, with expectations of further bullish volume to clear the upper high leverage.
Bitcoin can be bought in the range of 123000-123500, looking towards around 125000. Ethereum can be bought in the range of 4520-4540, looking towards around 4650. #BTC #ETH
Over the weekend, I thought there wouldn't be much fluctuation, and after resting for a day, Bitcoin broke new highs around this time on Sunday, with the market temporarily recovering to around 125700. Currently, looking at the intraday retreat, it is still not significant and has not retreated to the consolidation position near yesterday's starting point. It is currently maintaining a fluctuation near 123000 without showing further bullish volume continuation. Ethereum is also strong, following Bitcoin, but has not shown such strong bullish volume. The market temporarily recovered to around 4600 under pressure and is still maintaining a consolidation around 4500. Overall, the trend is leaning towards bullishness.
From the current market perspective, Bitcoin has had five consecutive daily candles reaching new highs, breaking the price comparison to set new records. However, today's closing will once again produce a long upper shadow, but the overall retracement space after the rise is not large. Currently, the K-line operating range is still hovering near the upper track, and the overall market still shows signs of further exploration upwards. Currently, the indicators are still in a relatively healthy state, but in terms of patterns, attention should be paid to the stability at high positions in the future market to avoid further adjustments and retreats. Combining with the smaller time frame of the four-hour chart, after yesterday's surge, the overall market adjusted, and the price retreated to near the middle track support trend, giving rise to a rebound. Currently, it is once again showing a second continuation, with bulls occupying the dominant position. Additionally, looking at the liquidation map, there are still high-leverage shorts above the 126000 level that may have a second liquidation possibility. In the future market, we continue to maintain a bullish perspective, with stop-loss set near the lower adjustment positions.
Bitcoin can be bought between 1222800-123300, with a target around 125000. Ethereum can be tried for a long position around 4500, with a target near 4570. #BTC #ETH
The overall market has rebounded for the second time, reaching a peak of around 121000 during the early morning, currently maintaining around 120300 in a fluctuating structure, without providing further corrections. Meanwhile, the ETH market has recovered to the 4516 line before retreating. We provided a tip yesterday afternoon that short-term longs were expected to take profit, and indeed they did, while the long-term shorts also entered the market in a timely manner. Currently, such a high position presents an opportunity; previously, we benefited from nearly ten thousand points of profit when interest rates were lowered, and this time there are still long-term opportunities.
From the daily chart of Bitcoin, seven candlesticks show strong upward momentum, accompanied by a doji candlestick correction. Overall, the price is elevated and attempting to break through the upper limit of resistance, but the high level is still pressured by the integer point of 121000, without further breakthroughs. Currently, the double bottom pattern has broken through the high point of the W-shaped center, but the overall pattern still does not provide further continuity to break above the previous high, and there is still a trend of pressure in the short term. In terms of the monthly chart, after a previous bearish close, the price has not provided a deep adjustment, while at the beginning of this month, a relatively strong bullish candlestick appeared, and the bulls are basically about to reach the end of their momentum. Combining with the smaller timeframe four-hour chart, it continues to show strong probing upwards around the upper limit, but there has not been much demand for correction recovery. There has not been a continuous rise or fall in the market; the death cross indicator also indicates that there will be a certain adjustment in the short term. Such a high adjustment may present a deep correction, so do not continue to chase at high levels, and keep light positions during adjustments, ensuring to maintain stop losses in any market condition.
Bitcoin can short in the range of 120500-121000, targeting around 117200. ETH can short around 4500, targeting around 4200. #BTC #ETH
The morning market further increased in volume, with Bitcoin temporarily recovering to around 119500 under pressure. It is still in consolidation at the high level of 118300. On the Ethereum side, the volume surged to around 4400 under pressure, but did not break further. Referring to previous resistance levels, there is still some pressure above. Our morning layout is also basically at the target area for profit-taking and leaving the market. In the future, we need to pay attention to whether it can break further; otherwise, there is still some room for adjustment in the market.
Currently, Bitcoin's resistance level is still around 120000. Due to the emergence of a certain double bottom pattern, it is giving way to further volume adjustments. Referring to the previous consolidation range, 120000 is still under pressure from the current high point. Combined with the Bollinger Bands pattern on the daily chart, it will still be under certain pressure at high levels. In the future, one may consider high-level resistance for long-term positioning. In conjunction with the short-term four-hour chart, the Bollinger Bands are still in a stage of upward three lines, with the middle track raised to around 115000. The bullish momentum is vividly displayed, but one should also be cautious of adjustments after the surge and not chase high positions deeply. Currently, in this pattern, long-term entry needs to pay attention to future consolidation patterns, while short-term can continue to enter long positions.
For long-term Bitcoin, one can short in the range of 119500-120000, with targets of 115000-112000-108000. For long-term Ethereum, short near 4430 with a target around 4000. #BTC #ETH
At the beginning of the month, the market continued to rise, and the price ratio once broke through the downward channel. The large coin had a consolidation area near 114000 in the morning yesterday and surged in the evening, recovering to the 118000 mark. During the early morning, the market continued to consolidate without further breaking down, showing signs of stabilization. Ethereum mirrored the market's performance and recovered to around 4300, without further retracement, showcasing the strength of the bulls. Recently, I have also mentioned that the bulls appear slightly strong at the moment. A break below 116000 would lead to a reversal upwards. Our real-time strategy is aligned with this thinking, entering near 114700 for the large coin, stopping out at 116000, and then entering again in the direction of the trend. We have currently regained losses, and for the trend to break through, we must act in accordance with the prevailing direction, as there is still a possibility of further continuation.
From the current market perspective, the daily structure shows signs of a double bottom, and the depth of the two retracements is stabilizing at a critical price level. Yesterday's rise broke through the previous interest rate cut's volume surge. In the future market, we need to pay attention to the signs of bottoming near 117300, as the double support solidifies the foundation. The price has also broken through the previous high resistance, continuing the upward trend, currently possessing some technical support for further highs. The MACD indicator is currently showing a golden cross, indicating a short-term increase in bullish volume. The market still has some bullish continuation, but long-term judgments need to focus on the upper resistance levels.
The large coin can be cautiously bought near 117300, targeting around 120000. Ethereum can be bought at 4250-4280, targeting around 4400. #BTC #ETH
Here, Old Lei also wishes everyone a happy National Day, and hopes everyone can enjoy the entire holiday. During the holiday, we will also provide insights and live interpretations. Looking back at yesterday's market, the morning closing of Bitcoin showed a bullish pullback, confirming the resistance at the high point of 114800, followed by a certain bearish volume increase. Bitcoin temporarily retreated to around 112700 to stop the decline, and during midnight, there was still a certain correction for this deep adjustment, but the overall pullback has not further broken through the resistance at the high point, showing a strong bullish signal. Ethereum, on the other hand, appears weaker; the morning closing price yesterday once recovered to the 4200 mark but then synchronized with Bitcoin to give a deep pullback again, with the price briefly retreating to around 4050, and the recovery in the early morning did not further rise, currently maintaining around 4100 in consolidation. Our short-term strategy yesterday was also very successful, and the overall market has retreated to our target price range, which can be considered a gain before the National Day. We will still be with everyone during the National Day.
From the current market perspective, the daily chart shows two consecutive large real body K-lines soaring, pushing the price up to around 115000. The intraday consolidation has a relatively long lower shadow, indicating that the market is indeed in a strong phase. However, the current trend has not welcomed a further continuation of bullish momentum to break through the high point's resistance, and volume has been somewhat blocked. In the short term, it seems that there will be no further breakout, so the market still has the opportunity for a deep adjustment. If this round of rebound fails to break the 116000 mark, the overall market will still decline, which is why we remind everyone to short at high positions; there is profit in the short term, but just ensure to set stop losses. Just like after the interest rate cut, 117000 has been a reminder in both live broadcasts and strategies to look down in the long term, with at least a profit of 5000 points if held. Currently, it is also a stage of speculation, and high positions can still be considered for further downward looks.
Bitcoin can be shorted at 114500-115000, looking at around 112000. Ethereum can be shorted at 4170-4200, looking at around 4000. #BTC #ETH