Can't hold on anymore, need to sleep. The trend is similar to what Old Xiao expected, holding 10% of the position for the medium term!
For the remaining positions, we'll wait for next week's trend before opening. Stay defensive and rest easy! Friends who haven't boarded can seek real-time guidance from Old Xiao. 😘
#BTC #ETH Benefits list for fans, the market is just this big, there's nothing we can do. However, the evening's volatility will definitely be a bit larger. Friends who want to grasp it can pay attention to the real-time news.
Large pancake 4-hour double-bottom test, pay attention to whether the upper short-term resistance level of 105600 can be effectively broken through today, second target 106700
#BTC Bitcoin has broken the Fibonacci 61.8, next support below is 102600
I warned everyone about the change in direction in yesterday's post, be cautious with long positions, I don't know how many brothers got buried these past two days 🥶
The market direction leans towards the bulls, with the funding and market sentiment showing neutrality. It is expected that the market will continue to fluctuate. BTC continues to see a concentration of long positions, while whales began to shift to short positions after significantly closing long positions in the morning, with bullish momentum increasing on the second day. According to the liquidation map, the liquidation zone for bulls below BTC falls between 102k and 103k, while the liquidation zone for bears above falls between 108k and 110k.
The concentration of long positions has significantly decreased, indicating a change in market conditions, exercise caution with long positions!
#BTC Today's overall trend is weak, currently fluctuating around the mid-4-hour range near 106000 while waiting to choose a direction. The short-term resistance still refers to the positions near 108500 and 110000, while support is around 105000-104300.
#ETH Currently, the smaller scale is still above the upward trend line, and the mid-4-hour range showed signs of breaking this morning. A critical point is the retest of the trend line support near the 2500-2470 range, which is also the support position for the lower 4-hour range.
Market conditions change rapidly, please base decisions on the actual market, and remember to manage risk properly!
#BTC #ETH Bitcoin and Ethereum have recently experienced severe wash trading, how should we grasp it?
I believe everyone can feel that the market is in a high range of fluctuations, with severe wash trading back and forth, so I have a few pieces of advice for everyone. 1. Only take profits in one direction. 2. Do not hold overnight positions while sleeping. 3. Strictly manage risk. The fluctuations won't last too long; there will eventually be a directional move. Not managing risk leads to one outcome! I hope everyone takes care of themselves.
Now, let's discuss today's market.
Bitcoin and Ethereum are at a critical point for long and short positions. Real trades for long positions have already entered. For the day, we are looking at whether Bitcoin can stay above 108300 and Ethereum above 2630. If it stays above, then the price will continue to rise in the evening; if it does not, there is a possibility of a pullback to the critical point.
However, I still have a positive outlook on price increases because I mentioned yesterday that the trend is an upward one. Although we often see spikes recently, this is a normal movement of market makers washing out positions and does not change the overall trend!
Therefore, as long as the critical point I provided for long and short positions is not broken, there is still an opportunity to capture profit space for long positions!
#BTC #ETH The big pancake and the second pancake are at the turning point for long and short positions. The real account long positions have already entered the market. For intraday long positions, we are looking at whether the big pancake can stand above 108300 and Ethereum above 2630. If it stands above, then the price will continue to rise in the evening; if it does not, it may fall back to the turning point.
However, Lao Xiao is still optimistic about the price rising, because Lao Xiao mentioned yesterday that the trend is an upward trend. Although there have been frequent spikes recently, this is a normal movement of the market deliberately shaking off positions, and it hasn’t changed the overall direction of the trend!
Therefore, as long as it does not fall below the turning point provided by Lao Xiao, we can consider taking advantage of long positions for profit!
(Due to the real-time changes in market conditions, specific operations are based on my real account.) Friends who are unsure can find Lao Xiao for real-time online guidance on Lao Xiao's homepage! 😘😘😘😘
#BTC #ETH The large pancake given in the morning opening has closed the long position, real-time synchronization was given, achieving 7000🔪. Currently, I have entered a short position, but this short position can only be said to be a very short-term play because the overall trend is still bullish. The short-term hourly and 4-hour charts show signs of a weekly pullback.
For friends operating in the evening, the large pancake around 106000 is a great opportunity to go long, and Ethereum around 2580 is also a very good opportunity to go long! When the large pancake and Ethereum pull back to these positions in the evening, it will be a good entry point. At that time, I, Lao Xiao, will also reverse! However, it's also possible that the pullback won't occur, so everyone should choose the right time to enter. I will provide opportunities to enter long positions at the right time in real-time!
For those who are steady in the evening, it’s better to maintain a low long position and not take short opportunities! Patiently wait for the market to come! Friends who cannot grasp it can follow Lao Xiao's homepage.
#BTC #ETH finally received a reward after holding a long position for a day, earning $8000, closing the position to rest. No overnight trades.
The drop gap caused by the war must be filled, and in this volatile market, we need a bit more patience. We can't become like a startled bird, flipping between expecting a rebound and anticipating a decline. In fact, the market hasn't fluctuated much, just a few dollars, but during this process, many people have fidgeted multiple times, which increases the cost of trading and the probability of mistakes.
If the market has hurt you, do not be sad or anxious; it usually will continue to hurt you. Trading is the most torturous, yet we still look up to it, approach it like a pilgrimage, and even feel grateful for it. Because it has gifted us both the worst and the best times.
#BTC #ETH There are many "stars" in the cryptocurrency market, but very few "longevities", so whenever we operate, we must first learn to stop losses before seizing profits! A wave of decline in the morning was unexpected due to the impact of the war, but on the other hand, the market moves through ups and downs, and it won't happen overnight!
In the afternoon, the market stabilized, and both the real account and Lao Xiao decisively took long positions; a rebound is inevitable. Currently holding a profit of $6000. Lao Xiao believes that playing with cryptocurrencies should be enjoyable, with a clear mindset; there is no need to trade just for the sake of trading, as that would be counterproductive! Time flies, and it's another weekend. Don't be complacent if you performed poorly, and don't be arrogant if you did well. The market is relatively small over the weekend, so take some time to relax with family and children. We'll fight again next week. Wishing everyone a happy weekend!
#BTC The evening 4-hour chart trend is still leaning towards a bullish direction. A rebound began at the Fibonacci 61.8 support level during the retracement, while the Bollinger Bands on the 4-hour chart had a breakdown but are now recovering. The daily level is approaching a normal range, providing us with an opportunity to go long! Entry points for the retracement are 106600-106000 for staggered entry. The first target for the evening long position is 108800, and if it stabilizes at 108000, we can reduce our position and hold for a breakout!
#ETH Ethereum's daily trend is bullish, and the 4-hour chart is generally still in an upward trend. A rebound started after touching the 4-hour middle band support, with short-term resistance above at 2815. Looking forward to breaking new highs, the overall strategy is to build positions primarily through low buys at points 2680-2640 for staggered entry, targeting 2815.
Due to the real-time changes in the market, real-time information cannot be conveyed. Specific operations should follow Lao Xiao's real account as a reference. Remember to manage risk well!
#BTC After a slight rebound at the first support level of 108000, it has once again dropped below. It is crucial to monitor whether it can stabilize above 108000 during the day. If it breaks down, attention should shift to the daily middle track and the lower track around 106600-106000. If the daily middle track is lost, it may further decline, and bulls need to avoid risks, with strong support below at 104500.
#ETH Ethereum entered a local consolidation after a series of highs and a pullback with the market yesterday. It is still in a local correction phase, with a slightly slowed pace. If there is a short-term pullback, continue to pay attention to the key positions around 2680-2640.
The market changes rapidly, so please refer to the actual market conditions, and remember to ensure good risk control!