Full-time trader online, sharing some of my experiences. A tech guy, from 2007 to 2018, I was always in game development and promotion. I opened three game companies in Shenzhen, Chengdu, and Nanning. Back then, the gaming industry was thriving. My first startup was successful, and I was lucky to earn my first bucket of gold, around 10 million. The second time in Chengdu, I lost 6 million. Later in Nanning, the years were lukewarm, earning about 100-200 a year, leaving around 500. In the end, there was an opportunity for my company to go public, but I lacked the courage. I refused to accept the investment party's condition of falsifying financial statements for the IPO and declined to sign the gambling agreement. The investor withdrew 10 million (initially it was 60 million). After so many years of ups and downs, I was exhausted, so I sold the software and dissolved the company. Later, with nothing to do, I thought about trading. In the first three years, I lost over 100 each year. In the following three years, I made it back. Last year, I bought an G500. After buying the car, I heavily shorted during the Bitcoin surge to 73000 and got liquidated once, losing over 100. After resting for a few months, I am back again. This time, I want to turn 1000U into 5 million. To take care of friends who follow my trades, I will definitely open positions when I am confident. When I find the right opportunities, I can lift you all up.
A phrase for everyone: No matter how high the mountain, there is a peak. As long as you persist, you will always step on it.
Today's Bitcoin market brief analysis: (As of 1 PM, 103770)
Trend Judgment: Bearish continuation as the main focus, with short-term fluctuations as a supplement.
The overall trend remains bearish. Recently, the candlestick chart clearly shows typical declining channel structures of 'drop-weak rebound-drop' in waves, indicating strong bearish pressure.
Support Level Below: 103000
Psychological Level: 102500
Further down may test: 101800
Resistance Level Above:
Recent Low Point Rebound High Point: 104000
Former Support Turned Resistance Level: 105200 ~ 105300
Moving Average Heavy Pressure Zone: 106000 ~ 107700
There are significant large sell orders in the 104000 ~ 104500 area, creating overhead pressure.
Although buying pressure has certain support around 103500~103700, the overall volume of buying is weaker than selling.
Short-term remains weak. If it cannot quickly stabilize above 105200 (considered quick if within 1 to 2 hours), then any rebound should be seen as a weak rebound.
If it breaks below 103000, it will accelerate the decline to 102500 or even 101800.
Operation Suggestions:
Currently, the main action is to short and look for opportunities to short during rebounds.
Entry Point: 104000 ~ 104500 (Rebound Resistance Zone)
Take Profit Position:
Conservative: Around 103000
Aggressive: 102500 ~ 101800
Stop Loss Position: Above 105200 (former support turned resistance).
If it breaks below 103000, then short again (confirming weakness).
If it breaks below 103000 and does not quickly rebound, you can lightly short it.
Take Profit: 102500 / 101800
Stop Loss: 103300. If the pullback fails, stop loss and exit.
It is not recommended to bottom-fish and go long now as the trend has not reversed. If it stabilizes above 105200 with increased volume or a bottom divergence structure appears, you can go long.
