2025-3-4 Early morning perspective
Let’s not mention the topic of nation-building in advance anymore. They can do what they want; anyway, the K line will tell us the answer in advance. I am annoyed, but I can see it clearly. However, in case of a sudden attack, I really have no way to respond. For veterans in the crypto circle, the risk-averse mentality is quite decent, but it seems that I always lag behind when it comes to sudden good news. I have tried many methods, but I can't make good judgments on sudden good news, so I might ignore it.
Please do not blame me; everything is of our making. If it does not rise, that is good for it, but if it falls, its ancestors over eighteen generations are not human. I have seen a lot of changing the face of Sichuan Opera; I have already lost its meaning.
Let's return to the main topic. Regarding the drop wave tonight, you say it is unplanned, and I also do not believe that. But if you say it is not visible on the charts, that is impossible. Otherwise, I wouldn't have said this morning that these levels cannot be broken.
The current situation is that everything has collapsed, and everyone has returned to the downtrend channel...
Whether we like it or not, we are back in the channel...
Bitcoin has retreated to 867, and this position was also drawn in the morning article, and the line remains unchanged. I am relatively lazy; the lines I draw in advance will not fundamentally change. To stop the decline at the daily level, we need to close a daily line above 886. Now the four-hour positions are already unstable, so let's look directly at the daily line.
Ethereum has opened up an independent bearish market again. I really give it to this old six. Yesterday, when the point 2230 dropped by 7% in the afternoon, I exited, and tonight I returned to point 2150 (this position was a previous second rise, forming a double bottom). I don't know if it can hold, but in any case, I only entered a ant position (it’s really an ant position). The Ethereum formation has completely collapsed, and looking at the current position, there seems to be no strength. If 2150 cannot hold, the next position will be 2100. If this also breaks, I can't even imagine that; I don't think you want to know how far it could drop. For Ethereum, the concept of a bottom is really a mystery. There are only new lows, not a lower trend, which has really harmed those who believed in it. To confirm the short-term decline halt, a daily close must be above 2232, even if it dies badly.
Sol, the rapid rise and fall at that time did not cause any consolidation. If the position at 146 cannot hold, the next position will be 141.$BTC
