Wait for the current box to end, we will meet at 70,000!
In addition, it is possible that a false signal will be created before the box ends and it will go to around 95,000, but I think it would be better if it can go to 95,000!
The Bitcoin daily line has already had four consecutive ups, and the trend remains very strong. The hourly line is also continuing a slow upward rhythm. The short sellers are suffering greatly, as there is no sign of a decent pullback. Recently, Bitcoin is expected to reach a historical new high. If you still hold short positions, it is recommended to manage your risk well! I expect that at 8 o'clock when the daily line closes, it will pull back to around 109000, which will start a new round of upward movement!
Therefore, friends with no positions can try to place buy orders around 109000 for $BTC .
This trend is probably not going to stop at 106500, I believe it will exceed 110000!
In this market, some are happy while others are worried. After rising to 106000 in the early morning, it reversed 📉 to around 103200. Those who stayed up late are basically getting relieved, or there are those who are short at high positions. Congratulations to you all!
In the morning, it rose again to around 106000, so there are definitely many people who will short, and it even tricked a few into dropping to 105400. At this point, the false short has succeeded! Even those who didn’t close their short positions in the early morning are quite a few!
This wave of upward movement will oscillate again around 106500, let's wait and see.
In the afternoon, it was suggested to take a light long position around 103200-103600, even for the short term, there are already more than a thousand points.
I haven't shared content for a long time, how have you all been?
Recently, I've been looking for medium to long-term opportunities, and perhaps suitable chances won't come until the second half of the year!
The medium to long-term shorts from the first half of the year, although not 100% fulfilled, are not too far from the target. Many people probably ran away without reaching their goals! (You can check the content I pinned on my homepage, looking at 92000-95000🈳 around 70000, ultimately stopping the decline near 74000)
Now let's talk about the current Bitcoin strategy! From the perspective of K-line alone, it is still strong, and when combined with the MA moving averages, it becomes even stronger! The daily level triangle consolidation is still in an uptrend. If trading for the short term today, it has already become unclear. For swing trading, you need to grasp sufficient positions and plan reasonably. Before the rise, it's not ruled out that there will be false moves pulling back 2000 points, which is around 101200 as a reference point.
Investment carries risks, and one must be cautious when entering the market! Suggestions are for reference only and should not be used as any basis for investment!
Recently, the market for Bitcoin and Ethereum has been quite interesting.
Today, it's not a problem to short around 85000 after Bitcoin rebounds; set a stop loss at 500 points, and there shouldn't be any issues holding it around 83000. $BTC $ETH
The market in the past three days can be said to be desperate, confused and fearful for most people. Especially for the bulls, it is simply "eating people without spitting out bones"!
Although Lao Jiu is short in the long term, he was also shocked by the market in the past three days. (Why is Lao Jiu short in the long term? It's very simple, because the decline is too fast. I have been thinking about this problem in the past two days). You can check Lao Jiu's post on February 24th that he would go short at 96,000 directly and target 91,000, but he never expected that the target would be reached near 91,000 on the same day. Then I posted a post on February 25th that I would go short at 70,000 in the long term.
Yesterday, a large international institution also published an article that the big cake would see 70,000. I suspect that they read Lao Jiu's ideas (just kidding, they also have their own basis and opinions)
In this extreme market, if you don't ambush high-level shorts, then Lao Jiu still advises you to restrain yourself, treat it rationally, and never operate blindly!
Regarding the current market, Lao Jiu believes that if you have to operate, then before the US market, you can operate with a small defensive range like yesterday, and you can go short at a high position in the US market. Remember to be defensive! The idea remains unchanged and still looks at 70,000, because the only strong support below is the 70,000 mark.
In addition, many people will ask why this wave has fallen so much. I wanted to write to you, but there are too many things to explain. If I want to write, it will be a thesis. Sorry, Lao Jiu doesn’t have that much time to write! I will consider making a video to explain it to everyone later!
Yesterday, many people asked Lao Jiu what to do now. My answer is that the best time to plant a tree is: "Ten years ago and now." You didn’t plant it ten years ago, and the question is whether you will plant it now?
Lao Jiu used to ambush a long long-term trend order every year, and it was always a hit. Old fans who have been following Lao Jiu for a few years should know it. Then there will be another long-term trend ambush in the second half of this year! $BTC $ETH #比特币价格走势分析