Black GodBit
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Bullish
Currently, we are in a choppy market. I believe there is no need for everyone to play contracts because the direction is not very clear. Most contract players die in choppy markets, with unstable mindsets, fearing drops when they are long and fearing rises when they are short. Originally, you could all make money holding onto your contract positions, but due to unstable mindsets, in the end, you can only cut yourself left and right. This is why I say it's not suitable for everyone to open contracts at the moment; we only do trend trades. Currently, in the choppy accumulation range, we should slowly buy spot. Once the main force has accumulated enough and we confirm the bottom, we can then use coin-based trades to go long. When going long, using coin-based trades doubles the profits. In a downtrend, using USDT to short is the best, as the quantity earned in USDT is relatively stable and won't have large fluctuations. So, we should use the profits from this trend's short positions to layout for spot now. This market is not short of opportunities, but opportunities are reserved for those who are prepared. Dawn will come, so I hope everyone doesn't fall before it arrives!
BTC: Currently, it is oscillating back and forth in the range of 90,000-100,000, with a 10-point fluctuation. Accumulation will occur within this range. Whether you are long or short, you can make money just by holding, so those who are trapped should not cut their positions; they will be freed. BTC will only have a major reversal if it breaks through 103,020, so this price level must be your final stop-loss point if you still have short positions. If there is a breakthrough, you must stop-loss and go long with the trend, instead of resisting. If you have long positions, make sure to place your stop-loss at 89,000; it must be stopped out if it breaks that level. Right now, I don't have any contract positions; I'm mainly focusing on spot. In this kind of market, everyone should not be pessimistic; a bull market will still come. Sharp drops in a bull market are a normal phenomenon, so there's no need to panic. A bear market has a slow decline with no rebound strength; only those who have experienced a bear market understand this.
BTC needs to break the triangular area around late February to March, and then make a third break through the 110,000 resistance level. If this third breakout occurs, reaching 150,000 will be quick. So if we break through again, we can directly chase in.
ETH is still okay; I just checked the market, and it is currently supported at 2721. You can build a position in spot at this level.
BTC: Currently, it is oscillating back and forth in the range of 90,000-100,000, with a 10-point fluctuation. Accumulation will occur within this range. Whether you are long or short, you can make money just by holding, so those who are trapped should not cut their positions; they will be freed. BTC will only have a major reversal if it breaks through 103,020, so this price level must be your final stop-loss point if you still have short positions. If there is a breakthrough, you must stop-loss and go long with the trend, instead of resisting. If you have long positions, make sure to place your stop-loss at 89,000; it must be stopped out if it breaks that level. Right now, I don't have any contract positions; I'm mainly focusing on spot. In this kind of market, everyone should not be pessimistic; a bull market will still come. Sharp drops in a bull market are a normal phenomenon, so there's no need to panic. A bear market has a slow decline with no rebound strength; only those who have experienced a bear market understand this.
BTC needs to break the triangular area around late February to March, and then make a third break through the 110,000 resistance level. If this third breakout occurs, reaching 150,000 will be quick. So if we break through again, we can directly chase in.
ETH is still okay; I just checked the market, and it is currently supported at 2721. You can build a position in spot at this level.
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