The recent market situation is very tough. Most people really can't handle it. It's harder than the previous few months, where at least the altcoin prices were low when Bitcoin was at a low level. Now high-level altcoins keep dropping. Many of the declines have no technical reasoning at all. I really don't know what mysterious force is pressing down on Ethereum. I also don't know what these altcoin manipulators are thinking; their own entry cost is clearly there, so why do they want to drop below their own cost? Just formed an hourly level and a four-hour trend, and it can all be destroyed with just one move. I really don't know why these are so fragile. There should still be some fundamentals in place. After the altcoin manipulators have collected their goods, the volume is there, and then they just allow such a drop. No matter how it's pulled, it can drop in one move. I really don't know what the point of being a market maker is. If you don't make money, why be a market maker? 90300 is the position of the contract liquidation map that was known in advance. First reach this position, then go up to over 91000, I know it will come down a bit more. Then it goes down a bit and goes up a bit, then comes down again. Directly drops to 89200, then V-bounces back up. Ethereum directly loses face at 2910. The subsequent smaller levels have a second test, and the four-hour level also needs a second test. From a larger structure, 74000 is a position left for future manipulation. It will take a few months to get there. Right now, Bitcoin and Ethereum trading is not very useful technically. It's just about looking at the contract liquidation map. Wherever there’s potential to profit, that's where to go. Bitcoin's current position can't be said to be very high. Whether the position is high or not is determined by the costs of the main forces and the public. And recently, there really hasn’t been a good reason for a macro rise. For spot trading, when one spot is irrationally pushed down by Bitcoin, a person loses money and sells. That's real loss. It's the loss controlled by capital. We choose to play in the altcoin circle because we see the elasticity and speed here. But recently, if altcoins rise in the morning, it’s just to collect the upper shadow line of the daily line. After rising in the morning for two hours, it drops in the afternoon. As long as Bitcoin isn't genuinely pulling up in the evening, it won't recover the afternoon's drop. When we are fighting against small manipulators, there is a particularly effective method now, which is when they are about to form a golden cross, you go the opposite direction. When they are about to form a dead cross, you also go the opposite direction. Going against them will definitely work. For an ordinary retail investor who can’t really watch the market closely, buy at relatively low positions. Then just wait for the cycle. As long as you're not watching it rise to high positions and then chasing it, when buying, don't carry such emotions. When buying during a drop, if you can't hold on and get caught, in reality, this price level is already very low. Don't be afraid of being caught. So what are the recent conditions for altcoins to give a decent bounce overall? It’s that Bitcoin and Ethereum's market structure has confirmed it won't drop further, and then it starts to rise in that initial hour segment, which is a starting point for the rise. When to leave? First look at Bitcoin, what is the highest expected position during the day? What is Bitcoin's expectation at that time? It only rises for a short period of an hour or so. It will still need to drop again. Then also see if other altcoins are overbought on the hourly line; meeting these two points can lead to exit. There will also be another wave of major altcoin manipulation. It could last for several days, with the potential to flip positions by a significant percentage in a day, and then continue flipping positions.
Then the price of Bitcoin, 74000 is something that cannot be reached for a few months. It can only be touched when people have finished making money and want to settle. If 74000 cannot be reached, then it’s the 80000 threshold. 80000 is also hard to reach. Because dropping too early is meaningless. 84000, 87000, these are the points for bottom fishing. In fact, if it drops to 84000 today, then altcoins can't drop much. What’s scary is if it lingers there for many days before reaching Baoshan Temple, which is the most unfavorable situation for altcoins. Altcoins are not afraid of Bitcoin dropping, nor are they afraid of Bitcoin dropping too violently or quickly; they are just afraid of Bitcoin continuously grinding down. Every day it grinds, its price drops a day. Altcoins only fear this. And during this period, altcoins' prices have already reached the prices when Bitcoin was over 50,000. It is roughly equivalent to the prices during a two to three-year bear market. Don’t shiver at the bottom. Altcoins are washing out, killing panic positions, clearing long positions, and the main forces are picking up cheap chips. As they keep moving, they start to pull. Smaller levels rise and then drop again. It feels like the rise is a kind of charity. It's ruthlessly extinguished again. These are all illusions. As long as people have money in hand, when they open the software, they just want to buy coins. It doesn't matter if the altcoins are at the bottom, in the middle, or at the top. If they don’t have coins, they just want to buy coins. Even if you're at a high position, there's an emotion at high positions. This round of bull market is very uncomfortable. Altcoin manipulators haven’t made enough money. Retail investors haven’t made enough either. Only the main forces of Bitcoin and Ethereum contracts have made enough; they can play however they want. The main funds of the second-tier mainstream coins haven't made enough either; there aren’t many multiples. From the lowest to the highest, it’s only two to three times, and from the lowest to now, it might be less than twice. They really won’t pull when they shouldn't. Because once they pull, retail investors will make money off them. When it’s allowed to pull, they will definitely pull well. They will pull to a satisfactory profit level and disperse the goods. These are all inevitable events. You don’t need to be too afraid of playing this. There will always be a degree of drop. Overall, don’t chase high; be brave to buy when it drops and hold a little.
