$BTC $ETH $SOL
The market is ruthless, but one cannot be heartless! It’s time to give you the warnings you need; when you’re losing, it’s not right to only think it’s my problem. The last analysis had some inaccuracies, but the danger signals were fully presented. Without unlimited bullets, you need to manage risk properly. The chance to escape was also given; the position at 933 is not good, and it's an opportunity to escape; there's no need to block my WeChat, right? Of course, I can only say there is neither love nor hate; it’s understandable that making money is not easy these days! So I’ll let it go with a smile, and please be kind to yourself.
Of course, while you are heartless, I cannot be unprincipled; I’ll still express the viewpoints that need to be said~~~
The current bottom should have originally come from 99 to hit 104 this morning. It’s indeed extraordinary, wiping out countless shorts!
So is it still going to rise steadily — blossoming like sesame flowers? The market won’t keep falling nor will it keep rising. The paths taken in history usually serve as reference; why did the last time from 744-99 see decent pullbacks every time it rose, while this time after 957 it surged nearly 10,000 dollars without a pullback? It’s because of psychological accounts; spot holders don’t want to sell below 100,000, and the lucky shorts are also around 995-102. Therefore, the main force chooses to push northward all the way.
Moreover, this time, holders of less than 10 bitcoins at the bottom can basically only enjoy a range of 10,000 dollars, as they prefer to do high selling and low buying short-term trades. Those who can afford to buy 100 at around 88 keep adding positions at the trading addresses (this is something I noticed). Therefore, the market’s BTC once again experienced a distribution, reducing the chips in the hands of small players and concentrating them in the hands of large players. This round of rally definitely has a lot to do with Trump’s lobbying reform, which is why the market moves quickly and robustly. Every breakthrough has strong volume! The declines at the bottom have no volume.
Observation level signals:
The 6-hour divergence is about to break, but there’s still one last momentum bar left. If a death cross forms, it will be effective; if not, it will be invalid. The 8-hour divergence still has hope. Therefore, it is recommended to enter short positions on the right side. (If the left side has clear signals that I can understand, I will share them.)
Refer to Chart Two
A friend said yesterday that I’m actually a bottom-fishing player; looking at Chart Three, it seems to be fine. Because in December of the whole year, there are 9 months where the low occurs in the first week!
Let’s observe how the weekly candlestick closes next Monday! Fine-tune the operations, updates tonight.
