SCARBOUGH
言语道断，一说即错
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BTC hit a new low recently. Has it broken through and entered a downward trend?
Last night, it was recommended to close long orders near the BTC high of 95,000, and it was better to exit and wait and see. When I woke up in the morning, I happened to see BTC pull up sharply and hit the daily pressure level. I quickly suggested shorting near 95,800. From a trading perspective, this position is indeed a good trading opportunity, with low stop loss cost and high expected returns. The recommended take-profit targets are 94,000 and 92,500. I have estimated the possibility of falling to the low point of 91,000 a few days ago, so last night's strategy said that if the white market first pulls back to the recent low point, a small amount of long orders can be taken back. But the subsequent round of sharp killing was indeed not predicted, and it actually went straight to 88,900.
Tonight's strategy is also relatively clear, leaving the market and waiting. All the short orders in the morning have been completed. Those who have taken long orders at low levels are also recommended to find opportunities to close them. It should be a small profit unless they are stopped out. If it rebounds to around 93,000 tonight, you can go short a little, but it's not a good opportunity.
The current trend of BTC is indeed not optimistic. Once it breaks and continues to fall, it may hit around 74,000-76,000, but it is obvious that BTC is more tenacious than the bears expected. 87,000-90,000 will be an important defensive area for the bulls, and they will not give up easily. If you want to chase the short, you also need to wait for a better point, wait for today's closing, determine the key resistance and support levels, and then re-formulate the trading strategy.
The Nasdaq will continue to fall sharply tonight, and there is a high probability of a technical break, unless the closing can recover the lost ground and close with a medium-sized positive line. However, like BTC, there are many support areas below, and even if it falls, it will not be smooth, and the process will be tortuous. And today, the Dow has resisted the decline and has been red. It is safer to wait and see tonight. #比特币价格走势分析 $BTC
Last night, it was recommended to close long orders near the BTC high of 95,000, and it was better to exit and wait and see. When I woke up in the morning, I happened to see BTC pull up sharply and hit the daily pressure level. I quickly suggested shorting near 95,800. From a trading perspective, this position is indeed a good trading opportunity, with low stop loss cost and high expected returns. The recommended take-profit targets are 94,000 and 92,500. I have estimated the possibility of falling to the low point of 91,000 a few days ago, so last night's strategy said that if the white market first pulls back to the recent low point, a small amount of long orders can be taken back. But the subsequent round of sharp killing was indeed not predicted, and it actually went straight to 88,900.
Tonight's strategy is also relatively clear, leaving the market and waiting. All the short orders in the morning have been completed. Those who have taken long orders at low levels are also recommended to find opportunities to close them. It should be a small profit unless they are stopped out. If it rebounds to around 93,000 tonight, you can go short a little, but it's not a good opportunity.
The current trend of BTC is indeed not optimistic. Once it breaks and continues to fall, it may hit around 74,000-76,000, but it is obvious that BTC is more tenacious than the bears expected. 87,000-90,000 will be an important defensive area for the bulls, and they will not give up easily. If you want to chase the short, you also need to wait for a better point, wait for today's closing, determine the key resistance and support levels, and then re-formulate the trading strategy.
The Nasdaq will continue to fall sharply tonight, and there is a high probability of a technical break, unless the closing can recover the lost ground and close with a medium-sized positive line. However, like BTC, there are many support areas below, and even if it falls, it will not be smooth, and the process will be tortuous. And today, the Dow has resisted the decline and has been red. It is safer to wait and see tonight. #比特币价格走势分析 $BTC
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BTC daily pressure level is worth shorting, with small stop loss and high profit and loss ratio. 95800-96200, stop loss 96550, look down to 94000, 92500. Stop loss is not a big loss. #比特币价格走势分析 $BTC
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After two days of narrow fluctuations over the weekend, BTC faces short-term direction choices
On Wednesday night, it was suggested that the BTC market is still in the range of fluctuations. When the market falls back to the lower edge of the range, the first choice is still to buy in batches on dips. The recommended buying range is 92500-94500. On Wednesday night, the Nasdaq fell back and closed with a bottoming cross star. BTC also fell sharply and recovered half of its lost ground in the late trading. The low point of the day just hit 92500. On Thursday, the US holiday, the US stock market was closed. BTC took the opportunity to continue to fall, breaking the low point on Wednesday and hitting a new low of 91055. However, it still reached a high point of 95300 on the same day, and it was possible to calmly replace the long orders at high positions and take them back at low positions. The US stock market opened normally on Friday night. BTC, which had fallen too much in advance on Thursday, gradually pulled back to the closing position on Wednesday during the day on Friday. Although the Nasdaq opened low and fell on Friday, BTC did not break the low point on Thursday. The Nasdaq pulled back a little in the late trading, but BTC was relatively tenacious and closed with a positive line.
On Friday, the Nasdaq broke the previous low and barely closed on the 60-day moving average. The weekly line is also one step away from breaking. The Nasdaq has bottomed out three times. This time, it is likely to show a direction. It will break or rebound again. At present, it is 50-50. I have always been bullish on the Nasdaq before, and I think there will be new highs after the adjustment of the Nasdaq. At present, based on the closing of the Nasdaq on Friday, we must carefully consider the risk of breaking. Corresponding to BTC, it just hit an intraday high of 95444, touching the daily pressure level, and currently fell back to around 95000. Considering the 50-50 trend of the Nasdaq, BTC is around 95400 above and 95800-96200 is the daily pressure level, and the 4-8 hour level support below is also close, but it is relatively fragile and the support strength is limited, and the risk of going down is a little higher, so it is recommended to close long orders at the current price and wait and see. The current price is OK, at least it is a small profit.
If the price falls back to the recent low in the morning trading tomorrow, you can take back a small amount of long orders and wait for the final direction of the Nasdaq tonight before making plans. If the Nasdaq breaks down, BTC long orders should be exited and the strategy of buying more on dips should be abandoned. Wait until the market becomes clear before re-formulating the trading strategy. #比特币价格走势分析 $BTC
On Wednesday night, it was suggested that the BTC market is still in the range of fluctuations. When the market falls back to the lower edge of the range, the first choice is still to buy in batches on dips. The recommended buying range is 92500-94500. On Wednesday night, the Nasdaq fell back and closed with a bottoming cross star. BTC also fell sharply and recovered half of its lost ground in the late trading. The low point of the day just hit 92500. On Thursday, the US holiday, the US stock market was closed. BTC took the opportunity to continue to fall, breaking the low point on Wednesday and hitting a new low of 91055. However, it still reached a high point of 95300 on the same day, and it was possible to calmly replace the long orders at high positions and take them back at low positions. The US stock market opened normally on Friday night. BTC, which had fallen too much in advance on Thursday, gradually pulled back to the closing position on Wednesday during the day on Friday. Although the Nasdaq opened low and fell on Friday, BTC did not break the low point on Thursday. The Nasdaq pulled back a little in the late trading, but BTC was relatively tenacious and closed with a positive line.
On Friday, the Nasdaq broke the previous low and barely closed on the 60-day moving average. The weekly line is also one step away from breaking. The Nasdaq has bottomed out three times. This time, it is likely to show a direction. It will break or rebound again. At present, it is 50-50. I have always been bullish on the Nasdaq before, and I think there will be new highs after the adjustment of the Nasdaq. At present, based on the closing of the Nasdaq on Friday, we must carefully consider the risk of breaking. Corresponding to BTC, it just hit an intraday high of 95444, touching the daily pressure level, and currently fell back to around 95000. Considering the 50-50 trend of the Nasdaq, BTC is around 95400 above and 95800-96200 is the daily pressure level, and the 4-8 hour level support below is also close, but it is relatively fragile and the support strength is limited, and the risk of going down is a little higher, so it is recommended to close long orders at the current price and wait and see. The current price is OK, at least it is a small profit.
If the price falls back to the recent low in the morning trading tomorrow, you can take back a small amount of long orders and wait for the final direction of the Nasdaq tonight before making plans. If the Nasdaq breaks down, BTC long orders should be exited and the strategy of buying more on dips should be abandoned. Wait until the market becomes clear before re-formulating the trading strategy. #比特币价格走势分析 $BTC
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BTC has fallen back deeply. Can we buy the bottom now?
It is said that the sharp fall of BTC last night was caused by the negative comments of the big guys. I don’t know whether it is true or not, but the market has indeed fallen back sharply, especially for other currencies except BTC, which has created a small currency disaster.
BTC itself does have the need to adjust and consolidate after breaking through the upper resistance, and the Nasdaq has also fallen back sharply. The Nasdaq generally shows a wide range of fluctuations and repeated retracements at the bottom. BTC does not have the conditions for a big rise, it is just a range oscillation, which I have always emphasized. It is normal for BTC to fluctuate around 100,000, and the corresponding Nasdaq is also a similar trend, but the extent of BTC’s decline last night did exceed the normal retracement, especially for other currencies, which should indeed be affected by a certain degree of news.
I did make a mistake in judging the market last night, and the long orders I recommended were stopped. Although there was a sudden negative news, this mistake must be admitted. Last night, I estimated that it was a fluctuating retracement trend, and it continued to rise after the retracement. In the range-oscillating market, it is easy to be slapped in the face whether you chase long at high or short at low. It is safer to try to arrange long or short orders at the upper and lower edges of the range.
I still think that BTC is in a range-oscillating market, 93000-106000, and it is difficult to break the smooth unilateral market of the range in a short time. In addition, I still think that the Nasdaq is still bullish after repeated retracements. Therefore, the current price is still suitable for arranging long orders on dips, and try to do it in batches. A gradual position building strategy can be adopted at 92500-94500, rolling buying and reducing positions to reduce the cost of holding positions.
You can also wait and see if there are more negative news, and wait patiently for a lower buying position. #加密市场回调 $BTC
It is said that the sharp fall of BTC last night was caused by the negative comments of the big guys. I don’t know whether it is true or not, but the market has indeed fallen back sharply, especially for other currencies except BTC, which has created a small currency disaster.
BTC itself does have the need to adjust and consolidate after breaking through the upper resistance, and the Nasdaq has also fallen back sharply. The Nasdaq generally shows a wide range of fluctuations and repeated retracements at the bottom. BTC does not have the conditions for a big rise, it is just a range oscillation, which I have always emphasized. It is normal for BTC to fluctuate around 100,000, and the corresponding Nasdaq is also a similar trend, but the extent of BTC’s decline last night did exceed the normal retracement, especially for other currencies, which should indeed be affected by a certain degree of news.
I did make a mistake in judging the market last night, and the long orders I recommended were stopped. Although there was a sudden negative news, this mistake must be admitted. Last night, I estimated that it was a fluctuating retracement trend, and it continued to rise after the retracement. In the range-oscillating market, it is easy to be slapped in the face whether you chase long at high or short at low. It is safer to try to arrange long or short orders at the upper and lower edges of the range.
I still think that BTC is in a range-oscillating market, 93000-106000, and it is difficult to break the smooth unilateral market of the range in a short time. In addition, I still think that the Nasdaq is still bullish after repeated retracements. Therefore, the current price is still suitable for arranging long orders on dips, and try to do it in batches. A gradual position building strategy can be adopted at 92500-94500, rolling buying and reducing positions to reduce the cost of holding positions.
You can also wait and see if there are more negative news, and wait patiently for a lower buying position. #加密市场回调 $BTC
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BTC has successfully broken through 100,000 as expected, continue to buy on dips
BTC and the Nasdaq both broke through important resistance levels last night. In the short term, there may be a need for consolidation to digest profit-taking and regain strength.
Yesterday it was clearly stated that despite facing the significant resistance at 100,000, a breakthrough was still expected, and after breaking through 100,000, the rise would accelerate. Last night's market quickly surged to around 102,600 after breaking through 100,000. Whether buying on dips or chasing after the breakthrough of 100,000, there were small gains. As for the current market situation, it is just a consolidation rebound; without any significant positive news, there won't be continuous large rises or even new historical highs.
Therefore, it is normal to have some consolidation after breaking through resistance. The trading strategy is very simple: just buy on dips. It is recommended to buy around 100,300, which is approximately the current price. The price just dropped to around 10,400, and the stop-loss should be a bit lower, set around 97,700. When in profit, it is advisable to reduce the position by half, leaving the other half to see the upper range. The trend is relatively volatile, and the market will have fluctuations, especially since the positions bought later are not very good. It’s necessary to take profits and reduce positions appropriately to lower the cost of holding. If it is a previously bought position at around 94,000, then it doesn’t matter.
Since the trend is relatively upward and volatile, are there short opportunities? Yes, there are quite a few, but it is essential to grasp the peaks and take profit points well, preferably short intraday at previous platform resistance points, and then take profit near the support levels in the 4-8 hour range. Feel free to do as you wish; I won’t fuss about it.
BTC and the Nasdaq both broke through important resistance levels last night. In the short term, there may be a need for consolidation to digest profit-taking and regain strength.
Yesterday it was clearly stated that despite facing the significant resistance at 100,000, a breakthrough was still expected, and after breaking through 100,000, the rise would accelerate. Last night's market quickly surged to around 102,600 after breaking through 100,000. Whether buying on dips or chasing after the breakthrough of 100,000, there were small gains. As for the current market situation, it is just a consolidation rebound; without any significant positive news, there won't be continuous large rises or even new historical highs.
Therefore, it is normal to have some consolidation after breaking through resistance. The trading strategy is very simple: just buy on dips. It is recommended to buy around 100,300, which is approximately the current price. The price just dropped to around 10,400, and the stop-loss should be a bit lower, set around 97,700. When in profit, it is advisable to reduce the position by half, leaving the other half to see the upper range. The trend is relatively volatile, and the market will have fluctuations, especially since the positions bought later are not very good. It’s necessary to take profits and reduce positions appropriately to lower the cost of holding. If it is a previously bought position at around 94,000, then it doesn’t matter.
Since the trend is relatively upward and volatile, are there short opportunities? Yes, there are quite a few, but it is essential to grasp the peaks and take profit points well, preferably short intraday at previous platform resistance points, and then take profit near the support levels in the 4-8 hour range. Feel free to do as you wish; I won’t fuss about it.
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BTC continues to rebound, and will accelerate after breaking through the 100,000 mark
There have been no updates for several days, one because I have something to do, and the other is that there is really nothing to say. I have always said that I should buy more. Now it is close to the important resistance level of 100,000. It is a bit irresponsible to shout more without thinking, although I think the market will break through 100,000. The market on the weekend was basically a small fluctuation. Last Friday, the Nasdaq laid the foundation for an upward rebound. There is no big suspense about BTC continuing to rebound. These days are suitable for holding the long orders bought before, waiting for the breakthrough of the 100,000 mark. Once it breaks through, the market will accelerate upward. Whether it will reach a new high is not so far away. The target is still the upper edge of the oscillation range mentioned before, that is, around 106,000-107,000. Don't easily close the bottom you worked hard to copy before.
Although I am bullish these days, it is close to the 100,000 position, and it is possible to step back at any time, so just hold the previous long orders. If you want to open a new order, I still recommend opening a long position on dips, but there is really no good position, so I am too lazy to say more these days.
If you want to go long now, you can either wait for a good position to fall back, such as 97200-97700, or at least wait until around 98300 before considering buying. Or wait for a breakthrough of 100,000, and then place a breakthrough buy order. Of course, you also have to consider stop loss, and the stop loss price should be at least below 97000. If you find that it is not, the profit and loss ratio is obviously not cost-effective.
In summary, continue to hold the long orders that you bought at the bottom before and wait for a breakthrough. If it is fast, there will be hope tonight. If you don’t have an order, you can do it, but it is not recommended to go short.
There have been no updates for several days, one because I have something to do, and the other is that there is really nothing to say. I have always said that I should buy more. Now it is close to the important resistance level of 100,000. It is a bit irresponsible to shout more without thinking, although I think the market will break through 100,000. The market on the weekend was basically a small fluctuation. Last Friday, the Nasdaq laid the foundation for an upward rebound. There is no big suspense about BTC continuing to rebound. These days are suitable for holding the long orders bought before, waiting for the breakthrough of the 100,000 mark. Once it breaks through, the market will accelerate upward. Whether it will reach a new high is not so far away. The target is still the upper edge of the oscillation range mentioned before, that is, around 106,000-107,000. Don't easily close the bottom you worked hard to copy before.
Although I am bullish these days, it is close to the 100,000 position, and it is possible to step back at any time, so just hold the previous long orders. If you want to open a new order, I still recommend opening a long position on dips, but there is really no good position, so I am too lazy to say more these days.
If you want to go long now, you can either wait for a good position to fall back, such as 97200-97700, or at least wait until around 98300 before considering buying. Or wait for a breakthrough of 100,000, and then place a breakthrough buy order. Of course, you also have to consider stop loss, and the stop loss price should be at least below 97000. If you find that it is not, the profit and loss ratio is obviously not cost-effective.
In summary, continue to hold the long orders that you bought at the bottom before and wait for a breakthrough. If it is fast, there will be hope tonight. If you don’t have an order, you can do it, but it is not recommended to go short.
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BTC short-term trend continues to improve
Today, there isn't much to say.
There shouldn't be many like me who aren't afraid of being proven wrong and are calling for a bullish trend every day. Currently, both the 4-hour and 8-hour levels are trending upwards. However, if there is a pullback to solidify support, that's also quite normal and not a problem. The key is to watch how the Nasdaq performs tonight. Currently, Nasdaq futures are slightly up. Whether it breaks the new low of the past two weeks at the opening tonight or stabilizes and starts to rebound is crucial. If it breaks the new low and closes below it, it’s very likely that BTC's rebound will end early, and that’s something to watch out for. Long positions can be closed to observe the market. If it only breaks the new low momentarily and then bounces back, the Nasdaq should still be able to recover. The best scenario, of course, is to start rebounding directly.
So for BTC, it’s still necessary to appropriately reduce some long positions at high levels before the US stock market opens. We’ll wait to see the Nasdaq's trend tonight. If the Nasdaq continues to pull back or even breaks the low point, BTC will definitely also pull back. You can cover the closed long positions, and those without positions can enter and place some bets on the long side, betting on the Nasdaq to stabilize and rebound after the pullback, which corresponds to BTC continuing to rebound after a pullback to support. If the Nasdaq rebounds strongly, hold on; if the rebound is indecisive, you can close some profitable long positions in BTC. $BTC #比特币走势观察
Today, there isn't much to say.
There shouldn't be many like me who aren't afraid of being proven wrong and are calling for a bullish trend every day. Currently, both the 4-hour and 8-hour levels are trending upwards. However, if there is a pullback to solidify support, that's also quite normal and not a problem. The key is to watch how the Nasdaq performs tonight. Currently, Nasdaq futures are slightly up. Whether it breaks the new low of the past two weeks at the opening tonight or stabilizes and starts to rebound is crucial. If it breaks the new low and closes below it, it’s very likely that BTC's rebound will end early, and that’s something to watch out for. Long positions can be closed to observe the market. If it only breaks the new low momentarily and then bounces back, the Nasdaq should still be able to recover. The best scenario, of course, is to start rebounding directly.
So for BTC, it’s still necessary to appropriately reduce some long positions at high levels before the US stock market opens. We’ll wait to see the Nasdaq's trend tonight. If the Nasdaq continues to pull back or even breaks the low point, BTC will definitely also pull back. You can cover the closed long positions, and those without positions can enter and place some bets on the long side, betting on the Nasdaq to stabilize and rebound after the pullback, which corresponds to BTC continuing to rebound after a pullback to support. If the Nasdaq rebounds strongly, hold on; if the rebound is indecisive, you can close some profitable long positions in BTC. $BTC #比特币走势观察
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Focus on whether BTC can stabilize and rebound in the coming days
From a technical perspective, BTC has been leaning towards bearish recently, with rebounds being suppressed by moving averages of different cycles above. However, there are signs of stabilization and improvement at shorter cycles. I have been suggesting to buy on dips, which has indeed led to some face-slapping moments, but from my own practical operations, doing so has not resulted in significant losses; instead, I have had some small gains. The reason is that BTC's daily market often presents good high points, especially when it surged above 96,200 yesterday. With a little attention and operation, one can continuously swap high-position long orders for low-position long orders, thus lowering the cost price of holdings and accumulating profits.
In recent days, the Nasdaq has been hitting new lows daily, without any stabilization in the chart, but BTC has not followed suit by making new lows. Particularly, ETH has been stronger in the past few days; while BTC broke new lows, ETH did not. Overall, it feels like BTC is unable to fall below the lower edge of the fluctuation range.
The market is brewing a new trend, and during this time, it is advisable to remain cautious and observe. If one really wants to enter the market, my suggestion remains to buy on dips, take profits at half, and replenish long orders at low points, continuously oscillating. I won’t specify exact points; just refer to the EMA moving averages and Bollinger Bands.
The Nasdaq is not entirely broken yet; it has already fallen near previous lows, and results will come in the next couple of days, so be patient. #比特币走势观察 $BTC
From a technical perspective, BTC has been leaning towards bearish recently, with rebounds being suppressed by moving averages of different cycles above. However, there are signs of stabilization and improvement at shorter cycles. I have been suggesting to buy on dips, which has indeed led to some face-slapping moments, but from my own practical operations, doing so has not resulted in significant losses; instead, I have had some small gains. The reason is that BTC's daily market often presents good high points, especially when it surged above 96,200 yesterday. With a little attention and operation, one can continuously swap high-position long orders for low-position long orders, thus lowering the cost price of holdings and accumulating profits.
In recent days, the Nasdaq has been hitting new lows daily, without any stabilization in the chart, but BTC has not followed suit by making new lows. Particularly, ETH has been stronger in the past few days; while BTC broke new lows, ETH did not. Overall, it feels like BTC is unable to fall below the lower edge of the fluctuation range.
The market is brewing a new trend, and during this time, it is advisable to remain cautious and observe. If one really wants to enter the market, my suggestion remains to buy on dips, take profits at half, and replenish long orders at low points, continuously oscillating. I won’t specify exact points; just refer to the EMA moving averages and Bollinger Bands.
The Nasdaq is not entirely broken yet; it has already fallen near previous lows, and results will come in the next couple of days, so be patient. #比特币走势观察 $BTC
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BTC continues to oscillate at a low level waiting for direction to choose. Note tonight.
BTC has been oscillating at a low level for a few days, unwilling to break below support and fall into a downward trend, nor does it have the strength to push back above 100,000. It is waiting for a turning point. If there are no stimulating news events, we can only wait for the NASDAQ's turning point. After the significant drop in the NASDAQ, it has rebounded for several consecutive days and broken through the upper resistance, but last Friday it gave back some of the rebound without breaking below the support level. Although I see the NASDAQ continuing to rise and break new highs, it has not yet clearly established an upward trend. So we will see the NASDAQ's performance tonight; will it continue to test the lower support or even break below it to probe down, or will it break upward? This may drive BTC out of its low oscillation trend. In fact, I believe that even if the NASDAQ breaks below support and takes another step down, there is a high probability it will recover. Therefore, I have maintained the view of buying BTC at lows to see a rebound recently.
Let’s wait and see. If you want to place a bet before the results come out, my personal suggestion is to go long and buy BTC at lows to see a rebound. Those who are cautious can wait until tonight or tomorrow to see the NASDAQ establish a trend before deciding.
BTC has been oscillating at a low level for a few days, unwilling to break below support and fall into a downward trend, nor does it have the strength to push back above 100,000. It is waiting for a turning point. If there are no stimulating news events, we can only wait for the NASDAQ's turning point. After the significant drop in the NASDAQ, it has rebounded for several consecutive days and broken through the upper resistance, but last Friday it gave back some of the rebound without breaking below the support level. Although I see the NASDAQ continuing to rise and break new highs, it has not yet clearly established an upward trend. So we will see the NASDAQ's performance tonight; will it continue to test the lower support or even break below it to probe down, or will it break upward? This may drive BTC out of its low oscillation trend. In fact, I believe that even if the NASDAQ breaks below support and takes another step down, there is a high probability it will recover. Therefore, I have maintained the view of buying BTC at lows to see a rebound recently.
Let’s wait and see. If you want to place a bet before the results come out, my personal suggestion is to go long and buy BTC at lows to see a rebound. Those who are cautious can wait until tonight or tomorrow to see the NASDAQ establish a trend before deciding.
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BTC is expected to maintain low volatility over the weekend
Yesterday, BTC continued to fall after a brief surge in the afternoon. As the US stock market opened, BTC followed closely and finally broke through 94,000, with the lowest price falling to around 93,400, triggering the long stop loss of 94,000 recommended yesterday. I did not expect it, but I still have to admit my mistake. But for now, the reasons for me to turn to short are still not sufficient. First, the market is still in the large range of fluctuations previously judged, 94,000-107,000, and it has not really fallen below. Second, the highest intraday decline of the Nasdaq 100 last night was more than 2%, and the lowest point just hit the lower edge of the support area. In the late trading, it recovered half of the decline and rose to the upper edge of the range support. In the case that the daily level did not fall below the lower edge of the support, I am still bullish on the Nasdaq, and the trading suggestion is still to buy on dips, and the Nasdaq is expected to break new highs. Maybe I will be slapped in the face later, but I am still bullish on the Nasdaq without meeting the conditions for turning bearish.
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BTC is expected to rebound after low-level fluctuations
As usual, just look at the trading strategies at the end.
Yesterday, the market started to fall after refreshing the recent high, especially after breaking the support level of 98000, it fell all the way to 95100 before it stopped falling and stabilized, closing with a medium-sized Yin line. Yesterday's market decline was within expectations, but the decline was not so large, and after the decline, it did not bottom out and rebound as expected, but maintained a low-level shock until the close. Yesterday, I made a mistake in judging the market, but in fact, the buying point was not bad. At that time, it was recommended to buy at 96000-96500, and stop loss at 94700. Later, the market fell below 95000. I added in the post that I continue to be optimistic about the market and recommend buying below 96000. Those who bought yesterday had enough opportunities to protect their principal or exit with a small profit, and there were more opportunities to exit with a loss. Yesterday, I predicted that the market would bottom out and rebound after the decline, but it did not rise at the end of the trading day, which means that the market is weak, and short-term long orders should be exited. Those who did not exit at the end of last night also have the opportunity to exit this morning. Why should I exit first? It is short-term. If the market trend is not favorable for my position, I should exit first and wait and see. Exiting first does not necessarily negate the previous judgment. I can also wait for a better buying price. My personal method of judging the resistance and support levels is usually to use the EMA moving average of different cycle levels, combined with the platform structure of the previous market and other tools. Therefore, the short-term support and resistance levels will change every day. The important support level of yesterday's market was 95000, so yesterday's stop loss was 94700. It supported for a day, but it broke through and fell to around 94600 this afternoon. If the buy order yesterday did not go through the stop loss and was not adjusted, it would be stopped, and then the market immediately pulled up to 97500. I just want to ask you if you are upset and unfair?
Yesterday, the market started to fall after refreshing the recent high, especially after breaking the support level of 98000, it fell all the way to 95100 before it stopped falling and stabilized, closing with a medium-sized Yin line. Yesterday's market decline was within expectations, but the decline was not so large, and after the decline, it did not bottom out and rebound as expected, but maintained a low-level shock until the close. Yesterday, I made a mistake in judging the market, but in fact, the buying point was not bad. At that time, it was recommended to buy at 96000-96500, and stop loss at 94700. Later, the market fell below 95000. I added in the post that I continue to be optimistic about the market and recommend buying below 96000. Those who bought yesterday had enough opportunities to protect their principal or exit with a small profit, and there were more opportunities to exit with a loss. Yesterday, I predicted that the market would bottom out and rebound after the decline, but it did not rise at the end of the trading day, which means that the market is weak, and short-term long orders should be exited. Those who did not exit at the end of last night also have the opportunity to exit this morning. Why should I exit first? It is short-term. If the market trend is not favorable for my position, I should exit first and wait and see. Exiting first does not necessarily negate the previous judgment. I can also wait for a better buying price. My personal method of judging the resistance and support levels is usually to use the EMA moving average of different cycle levels, combined with the platform structure of the previous market and other tools. Therefore, the short-term support and resistance levels will change every day. The important support level of yesterday's market was 95000, so yesterday's stop loss was 94700. It supported for a day, but it broke through and fell to around 94600 this afternoon. If the buy order yesterday did not go through the stop loss and was not adjusted, it would be stopped, and then the market immediately pulled up to 97500. I just want to ask you if you are upset and unfair?
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The small trend for BTC is upward. After a pullback, we continue to look bullish.
Yesterday's trading strategy was very successful. As mentioned yesterday: after a strong bullish rally, a pullback followed by a new high is highly likely. It was clearly stated that the strategy yesterday was to buy on dips, just determining the specific low to buy at. After last night's pullback, a few attempts brought it above 99000, and it finally broke the previous day's high, confirming the judgment. It was also mentioned yesterday: bulls had the opportunity to touch around 99800, and this morning it also reached near 99900, perfectly hitting the preset take profit level of 99700 for yesterday's long position, and it perfectly reached the entry point for the short position at 99810. The short position's target take profit level of 98100 was reached by the afternoon. Yesterday's operations were still very perfect. It is completely worth the attention of all viewers.
Currently, the pullback strength is still quite strong, but it is expected to continue to be bullish after the pullback. It has been mentioned multiple times that the current market can still be seen as a larger range-bound market, with the range being 94000-107000. It is possible to go long or short near the upper and lower bounds of the range and hold for a few days to see a small trend. Additionally, the Nasdaq is likely to continue making new highs after breaking resistance on Tuesday evening, which does not contradict the previous bearish view on the Nasdaq. The Nasdaq is in the final wave of a larger five-wave trend, and the expectation was that last week's high point was the peak of the fifth wave. However, the current rebound has broken the resistance, and breaking last week's historical high is no longer a mystery. Once it breaks the high, it will enter a round of accelerated bullish market, with at least a 5% increase above. If the prediction holds, it is beneficial for BTC to continue rebounding.
Therefore, today we continue to go long after the pullback. The current market has broken 97000, with important support below at around 96000-96400. Suggestion: buy around 96000-96500, and the target for this upward movement is relatively large. The stop loss can be set a bit wider, at 94700, with a target of 99500 to take half profit, and hold the rest for higher.
---- Latest view: The current market has broken 96000, and it feels a bit familiar. The three-minute chart dropped from the break at 97700 all the way down to the current lowest point near 95500, corresponding to the Nasdaq futures just dropping over 120 points. The movement of the Nasdaq still directly and effectively influences BTC. This feels like a washout, and I maintain my view, continuing to buy on dips according to the plan while controlling the position and setting a stop loss. Just had a round
#BTC上攻11万？ $BTC
Yesterday's trading strategy was very successful. As mentioned yesterday: after a strong bullish rally, a pullback followed by a new high is highly likely. It was clearly stated that the strategy yesterday was to buy on dips, just determining the specific low to buy at. After last night's pullback, a few attempts brought it above 99000, and it finally broke the previous day's high, confirming the judgment. It was also mentioned yesterday: bulls had the opportunity to touch around 99800, and this morning it also reached near 99900, perfectly hitting the preset take profit level of 99700 for yesterday's long position, and it perfectly reached the entry point for the short position at 99810. The short position's target take profit level of 98100 was reached by the afternoon. Yesterday's operations were still very perfect. It is completely worth the attention of all viewers.
Currently, the pullback strength is still quite strong, but it is expected to continue to be bullish after the pullback. It has been mentioned multiple times that the current market can still be seen as a larger range-bound market, with the range being 94000-107000. It is possible to go long or short near the upper and lower bounds of the range and hold for a few days to see a small trend. Additionally, the Nasdaq is likely to continue making new highs after breaking resistance on Tuesday evening, which does not contradict the previous bearish view on the Nasdaq. The Nasdaq is in the final wave of a larger five-wave trend, and the expectation was that last week's high point was the peak of the fifth wave. However, the current rebound has broken the resistance, and breaking last week's historical high is no longer a mystery. Once it breaks the high, it will enter a round of accelerated bullish market, with at least a 5% increase above. If the prediction holds, it is beneficial for BTC to continue rebounding.
Therefore, today we continue to go long after the pullback. The current market has broken 97000, with important support below at around 96000-96400. Suggestion: buy around 96000-96500, and the target for this upward movement is relatively large. The stop loss can be set a bit wider, at 94700, with a target of 99500 to take half profit, and hold the rest for higher.
---- Latest view: The current market has broken 96000, and it feels a bit familiar. The three-minute chart dropped from the break at 97700 all the way down to the current lowest point near 95500, corresponding to the Nasdaq futures just dropping over 120 points. The movement of the Nasdaq still directly and effectively influences BTC. This feels like a washout, and I maintain my view, continuing to buy on dips according to the plan while controlling the position and setting a stop loss. Just had a round
#BTC上攻11万？ $BTC
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Today's BTC market is oscillating slightly upward
As usual, only focus on the trading strategy until the end.
What’s unfortunate about yesterday’s market is not the short position being stopped out, but that the long position was closed too early. My long positions were basically closed at 97200. I tried a short position at 95200 and added to it at 96400, but after the market easily broke through 97000, I stopped out all my shorts when it pulled back to 96800. There are a few reasons: First, it was a feeling—really just a feeling—that BTC would move upward tonight. This is also why I opened a short but didn't completely close my low long positions; instead, I gradually reduced my positions. This was a forced action to perceive and mitigate risk, which could also be reinforced by the last two reasons. Second, this upward rhythm is too familiar. Remember just last Friday, when the market surged to the highest point around 98300 and then dropped without turning back? At that time, I had a bad feeling, thinking that the stop loss for the long positions likely wouldn't hold. The same goes for last night's market, which surged from 94000 to 98500 without looking back. The rhythm was identical. When the market surged above 96000, I was already alert, but still added a short at 96400 as planned. However, the market continued to surge without looking back, so I decisively stopped out all my shorts. Third, the Nasdaq futures were strengthening continuously before the market opened and opened higher as expected, but after just a slight pullback, it continued to make new highs beyond the resistance level. At that point, I basically confirmed that the Nasdaq likely wouldn't pull back after reaching a high tonight, at least it would be oscillating at a high level, even making continuous new highs. Therefore, this kind of upward rhythm for BTC is likely to continue, and the significance of the resistance above becomes less relevant. Moreover, once today's upward movement is confirmed, it will likely continue to oscillate at new highs tomorrow. In fact, when I gave the short position suggestion yesterday, I added a note that if the Nasdaq and BTC are strong, the short positions should be closed in time. Previously, I didn’t have such an 'if'; it’s not that I had a premonition, but I felt that this market had a certain probability of occurring, and not a small one, which is why I specifically reminded everyone.
What’s unfortunate about yesterday’s market is not the short position being stopped out, but that the long position was closed too early. My long positions were basically closed at 97200. I tried a short position at 95200 and added to it at 96400, but after the market easily broke through 97000, I stopped out all my shorts when it pulled back to 96800. There are a few reasons: First, it was a feeling—really just a feeling—that BTC would move upward tonight. This is also why I opened a short but didn't completely close my low long positions; instead, I gradually reduced my positions. This was a forced action to perceive and mitigate risk, which could also be reinforced by the last two reasons. Second, this upward rhythm is too familiar. Remember just last Friday, when the market surged to the highest point around 98300 and then dropped without turning back? At that time, I had a bad feeling, thinking that the stop loss for the long positions likely wouldn't hold. The same goes for last night's market, which surged from 94000 to 98500 without looking back. The rhythm was identical. When the market surged above 96000, I was already alert, but still added a short at 96400 as planned. However, the market continued to surge without looking back, so I decisively stopped out all my shorts. Third, the Nasdaq futures were strengthening continuously before the market opened and opened higher as expected, but after just a slight pullback, it continued to make new highs beyond the resistance level. At that point, I basically confirmed that the Nasdaq likely wouldn't pull back after reaching a high tonight, at least it would be oscillating at a high level, even making continuous new highs. Therefore, this kind of upward rhythm for BTC is likely to continue, and the significance of the resistance above becomes less relevant. Moreover, once today's upward movement is confirmed, it will likely continue to oscillate at new highs tomorrow. In fact, when I gave the short position suggestion yesterday, I added a note that if the Nasdaq and BTC are strong, the short positions should be closed in time. Previously, I didn’t have such an 'if'; it’s not that I had a premonition, but I felt that this market had a certain probability of occurring, and not a small one, which is why I specifically reminded everyone.
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Can BTC safely survive Christmas Eve?
The three trading strategies given yesterday may not be absolutely perfect, but the rhythm was completely correct. I executed according to this strategy: going long, shorting, and then going long again, it was very smooth. The only imperfection was that the shorting point in the second step did not reach a more ideal price, and the planned entry point for going long in the third step was not low enough. However, this morning, the long positions still yielded great results. I have been emphasizing that BTC is relatively weak these days, making it likely that the highs will fall short of expectations while the lows will be lower than expected, so everyone needs to respond flexibly.
Yesterday, the Nasdaq index performed basically as predicted: it opened high, made a slight surge before pulling back, then tested the lows and gradually climbed to a new high, maintaining it until the close. However, BTC's performance was relatively weak, especially in the latter half of the day where the recovery after testing the lows was much later than the Nasdaq and the rebound was far weaker than that of the Nasdaq. Nevertheless, other cryptocurrencies seemed to perform better last night. Currently, both BTC and the Nasdaq are aligned in direction, but their rhythm and strength differ. The recent movements of the Nasdaq remain crucial for predicting BTC's movements. There are two hidden dangers in the Nasdaq's performance last night: first, the strength and extent of the bottoming out were insufficient; second, the closing level has reached a pressure zone, facing heavy resistance less than 100 points above.
Yesterday, there was an expectation for a recovery after testing the lows for the Nasdaq, but tonight's concern is only about pullbacks. Tonight, U.S. stocks will close three hours early at 2 AM, and there will be a market holiday tomorrow.
BTC's recent performance has been relatively weak, with daily highs and lows continuously declining since last Saturday. The only optimistic sign is that it has not yet fallen below last Friday's low. Continue to pay attention to the Nasdaq's performance tonight, and be cautious of potential pullbacks.
Today's trading strategy focuses on shorting primarily with some long positions as a supplement. 1. Aggressively short near 95200; better shorting positions would be 96400 and 97200, with the best approach being to short in batches. A reasonable stop-loss point is 98000, with a target of 93000-93500. It should be noted that if the Nasdaq and BTC show a strong rebound tonight, the probability of BTC continuing upward tomorrow will be relatively high, and short positions should be closed in time. 2. Go long near 93100, with a stop-loss below last Friday's low, targeting 95000 and 96200. If the Nasdaq follows a pullback today, be cautious as it may break last Friday's low.
The three trading strategies given yesterday may not be absolutely perfect, but the rhythm was completely correct. I executed according to this strategy: going long, shorting, and then going long again, it was very smooth. The only imperfection was that the shorting point in the second step did not reach a more ideal price, and the planned entry point for going long in the third step was not low enough. However, this morning, the long positions still yielded great results. I have been emphasizing that BTC is relatively weak these days, making it likely that the highs will fall short of expectations while the lows will be lower than expected, so everyone needs to respond flexibly.
Yesterday, the Nasdaq index performed basically as predicted: it opened high, made a slight surge before pulling back, then tested the lows and gradually climbed to a new high, maintaining it until the close. However, BTC's performance was relatively weak, especially in the latter half of the day where the recovery after testing the lows was much later than the Nasdaq and the rebound was far weaker than that of the Nasdaq. Nevertheless, other cryptocurrencies seemed to perform better last night. Currently, both BTC and the Nasdaq are aligned in direction, but their rhythm and strength differ. The recent movements of the Nasdaq remain crucial for predicting BTC's movements. There are two hidden dangers in the Nasdaq's performance last night: first, the strength and extent of the bottoming out were insufficient; second, the closing level has reached a pressure zone, facing heavy resistance less than 100 points above.
Yesterday, there was an expectation for a recovery after testing the lows for the Nasdaq, but tonight's concern is only about pullbacks. Tonight, U.S. stocks will close three hours early at 2 AM, and there will be a market holiday tomorrow.
BTC's recent performance has been relatively weak, with daily highs and lows continuously declining since last Saturday. The only optimistic sign is that it has not yet fallen below last Friday's low. Continue to pay attention to the Nasdaq's performance tonight, and be cautious of potential pullbacks.
Today's trading strategy focuses on shorting primarily with some long positions as a supplement. 1. Aggressively short near 95200; better shorting positions would be 96400 and 97200, with the best approach being to short in batches. A reasonable stop-loss point is 98000, with a target of 93000-93500. It should be noted that if the Nasdaq and BTC show a strong rebound tonight, the probability of BTC continuing upward tomorrow will be relatively high, and short positions should be closed in time. 2. Go long near 93100, with a stop-loss below last Friday's low, targeting 95000 and 96200. If the Nasdaq follows a pullback today, be cautious as it may break last Friday's low.
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Be careful of BTC's highs and falls today!
The small range retracement trading strategy given yesterday is still okay. Although the number of transactions is not as many as Saturday, it should also be a small gain.
It was mentioned on both weekends that the market was slightly fluctuating and weakening. This morning, when the Nasdaq futures opened high and went high, BTC still hit a new low of 93,600 in the past few days, piercing the lower edge of the previously predicted large range of 94,000-107,000. When the prediction of this range was given in the post on the 21st, it was also clearly stated that it is safe to go long near or below the lower edge of the range of 94,000, and the success rate of going long at this position will be relatively high.
The Nasdaq futures rose in the afternoon and gave up some of the gains, but BTC was not affected much, but continued to rebound slightly. It is not a good thing for the Nasdaq futures to open high and go high today. If the increase is maintained until the opening of the US stock market in the evening, the probability of the Nasdaq opening high and then rising and falling will be relatively high. On the contrary, if the Nasdaq futures open low and continue to fall until the opening of the US stock market, it is easy to bottom out and rebound after opening low and then stepping on it.
The probability of BTC going up and falling today is still very high. Suggestions: 1. If you have long positions near 94000 in the morning, you can consider reducing or closing positions in the range of 96400-97400. 2. Short near 97300, stop loss at 98900, and target near 94000. Aggressive people can try shorting with a small position near 96500, and add short positions at 97300. The stop loss is the same as above, and the overall position must be controlled. 3. You can still go long if it falls back to around 94000 or below. #加密市场盘整 $BTC
The small range retracement trading strategy given yesterday is still okay. Although the number of transactions is not as many as Saturday, it should also be a small gain.
It was mentioned on both weekends that the market was slightly fluctuating and weakening. This morning, when the Nasdaq futures opened high and went high, BTC still hit a new low of 93,600 in the past few days, piercing the lower edge of the previously predicted large range of 94,000-107,000. When the prediction of this range was given in the post on the 21st, it was also clearly stated that it is safe to go long near or below the lower edge of the range of 94,000, and the success rate of going long at this position will be relatively high.
The Nasdaq futures rose in the afternoon and gave up some of the gains, but BTC was not affected much, but continued to rebound slightly. It is not a good thing for the Nasdaq futures to open high and go high today. If the increase is maintained until the opening of the US stock market in the evening, the probability of the Nasdaq opening high and then rising and falling will be relatively high. On the contrary, if the Nasdaq futures open low and continue to fall until the opening of the US stock market, it is easy to bottom out and rebound after opening low and then stepping on it.
The probability of BTC going up and falling today is still very high. Suggestions: 1. If you have long positions near 94000 in the morning, you can consider reducing or closing positions in the range of 96400-97400. 2. Short near 97300, stop loss at 98900, and target near 94000. Aggressive people can try shorting with a small position near 96500, and add short positions at 97300. The stop loss is the same as above, and the overall position must be controlled. 3. You can still go long if it falls back to around 94000 or below. #加密市场盘整 $BTC
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BTC continues to fluctuate slightly, and the market is weak.
Today's fluctuation range is obviously narrowing and moving down, and the market continues to weaken. The small range is 95800-97200, and the larger range is 95200-99000. You can sell high and buy low within the range; when going long, pay a little more attention. If you see the hourly level pressure not going up, take profits and close positions; don't be rigid.
Although yesterday's market was dull and made people sleepy, if viewed from another angle, it seems quite lovely. The market basically fluctuated back and forth in the small range of 96700-97600, so there was no need to worry about large fluctuations piercing through and causing losses, nor to worry about being trapped. It was like a spring breeze and a slight intoxication from the sunshine. If you are a diligent little money-maker, yesterday's market was particularly suitable for back-and-forth trading to accumulate capital. Each profit was only 500-700 points, but the number of trades was quite a lot, and doing it felt completely comfortable, unlike the usual anxiety. Why do I know so clearly? Because I did just that last night, brushing the "Qingming Riverside Picture Password" while trading. Actually, it wasn't even called trading; I set up take-profit and buy/sell orders in advance. It took a minute, and it was guaranteed to hit. After dozens of minutes to an hour of operating for a minute, it didn’t interfere at all with watching dramas. To what extent is it ridiculous? I traded until after 4 AM last night—finished watching the drama—set take-profit and new buy/sell orders before bed, and when I woke up in the morning, I found that they all hit. So don’t underestimate this kind of market; trading in yesterday's small market requires attention to: 1. Be flexible and changeable; don’t stick rigidly to points. Observe carefully whether the market is fluctuating slightly upwards, downwards, or remaining unchanged, and adjust trading strategies accordingly. 2. Position sizes should also change; for example, use a smaller size when going long and a larger size when going short, and after accumulating profits, you can press a bit more. 3. Try to trade BTC, as the buy/sell points are easier to grasp and predict, and the trend is relatively more disciplined. The most taboo in reverse trading is being trapped; in this kind of market, BTC generally won’t trap people. This world is not lacking in beauty and money, but lacks the eyes to discover beauty and money. #加密市场盘整 $BTC
Today's fluctuation range is obviously narrowing and moving down, and the market continues to weaken. The small range is 95800-97200, and the larger range is 95200-99000. You can sell high and buy low within the range; when going long, pay a little more attention. If you see the hourly level pressure not going up, take profits and close positions; don't be rigid.
Although yesterday's market was dull and made people sleepy, if viewed from another angle, it seems quite lovely. The market basically fluctuated back and forth in the small range of 96700-97600, so there was no need to worry about large fluctuations piercing through and causing losses, nor to worry about being trapped. It was like a spring breeze and a slight intoxication from the sunshine. If you are a diligent little money-maker, yesterday's market was particularly suitable for back-and-forth trading to accumulate capital. Each profit was only 500-700 points, but the number of trades was quite a lot, and doing it felt completely comfortable, unlike the usual anxiety. Why do I know so clearly? Because I did just that last night, brushing the "Qingming Riverside Picture Password" while trading. Actually, it wasn't even called trading; I set up take-profit and buy/sell orders in advance. It took a minute, and it was guaranteed to hit. After dozens of minutes to an hour of operating for a minute, it didn’t interfere at all with watching dramas. To what extent is it ridiculous? I traded until after 4 AM last night—finished watching the drama—set take-profit and new buy/sell orders before bed, and when I woke up in the morning, I found that they all hit. So don’t underestimate this kind of market; trading in yesterday's small market requires attention to: 1. Be flexible and changeable; don’t stick rigidly to points. Observe carefully whether the market is fluctuating slightly upwards, downwards, or remaining unchanged, and adjust trading strategies accordingly. 2. Position sizes should also change; for example, use a smaller size when going long and a larger size when going short, and after accumulating profits, you can press a bit more. 3. Try to trade BTC, as the buy/sell points are easier to grasp and predict, and the trend is relatively more disciplined. The most taboo in reverse trading is being trapped; in this kind of market, BTC generally won’t trap people. This world is not lacking in beauty and money, but lacks the eyes to discover beauty and money. #加密市场盘整 $BTC
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BTC rebounds as expected; what will happen next?
As usual, I just want to see trading strategies at the end.
Yesterday was another exciting and eventful day. The greater the storm, the more valuable the fish; it was a stimulating, fulfilling, and rewarding day.
First of all, I admit my mistake. The short-term long position suggested yesterday was stopped out. The suggestion was to go long near 96000-96500, with a stop loss at 95000. I still underestimated the market's brutality. When I wrote the post yesterday, the market was still sluggish. After the European stock market opened, the DAX opened significantly lower and continued to decline, directly dragging the NASDAQ futures down. Compared to the previous day's closing price, NASDAQ futures fell over 400 points, or 2%. Of course, this also dragged BTC down into the abyss. By the time I posted, BTC had just touched the high point around 98300, then it fell all the way down. I planned to buy near 96000 but seeing it drop without any resistance, I knew it was going to end badly. Breaking below 96000 and yesterday's low of 95600 was quick and decisive; at that time, I felt 95000 would also break. BTC struggled around 95000 for about an hour before finally breaking down. I sighed complexly, excitement barely contained. The sigh was for the first failure of my suggested trades; I will need to apologize tomorrow. It's not the first time I failed in trading; failure is the mother of success, after all. The excitement came from the DAX short position nearing the take profit point—let's keep going. It's quite a split feeling.
Yesterday was another exciting and eventful day. The greater the storm, the more valuable the fish; it was a stimulating, fulfilling, and rewarding day.
First of all, I admit my mistake. The short-term long position suggested yesterday was stopped out. The suggestion was to go long near 96000-96500, with a stop loss at 95000. I still underestimated the market's brutality. When I wrote the post yesterday, the market was still sluggish. After the European stock market opened, the DAX opened significantly lower and continued to decline, directly dragging the NASDAQ futures down. Compared to the previous day's closing price, NASDAQ futures fell over 400 points, or 2%. Of course, this also dragged BTC down into the abyss. By the time I posted, BTC had just touched the high point around 98300, then it fell all the way down. I planned to buy near 96000 but seeing it drop without any resistance, I knew it was going to end badly. Breaking below 96000 and yesterday's low of 95600 was quick and decisive; at that time, I felt 95000 would also break. BTC struggled around 95000 for about an hour before finally breaking down. I sighed complexly, excitement barely contained. The sigh was for the first failure of my suggested trades; I will need to apologize tomorrow. It's not the first time I failed in trading; failure is the mother of success, after all. The excitement came from the DAX short position nearing the take profit point—let's keep going. It's quite a split feeling.
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BTC has fallen sharply for two consecutive days. Has it fallen to the limit?
If you just want to see today's operation suggestions, just scroll to the bottom.
Yesterday I thought BTC was strong enough. It didn’t collapse under the impact of the news the night before. But before I could finish my words, it continued to fall last night. So has it fallen to the right level? If you have observed the Nasdaq, you will find that the trend of BTC last night was almost the same as that of the Nasdaq, except that the Nasdaq opened high and fluctuated and fell above the water, while BTC kept hitting new lows underwater. The rhythm is the same. Although BTC has the highest correlation with the Nasdaq, it is not very obvious. Especially when BTC is rising, it often ignores others and rides far ahead. But once the trend turns and BTC is at a critical node, it seems to be at a loss and terrified, and follows the Nasdaq step by step. I have verified this rule and experience more than once, and it is worth your attention and reference.
Yesterday I thought BTC was strong enough. It didn’t collapse under the impact of the news the night before. But before I could finish my words, it continued to fall last night. So has it fallen to the right level? If you have observed the Nasdaq, you will find that the trend of BTC last night was almost the same as that of the Nasdaq, except that the Nasdaq opened high and fluctuated and fell above the water, while BTC kept hitting new lows underwater. The rhythm is the same. Although BTC has the highest correlation with the Nasdaq, it is not very obvious. Especially when BTC is rising, it often ignores others and rides far ahead. But once the trend turns and BTC is at a critical node, it seems to be at a loss and terrified, and follows the Nasdaq step by step. I have verified this rule and experience more than once, and it is worth your attention and reference.
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Just closed a short position in BTC below 100,000. The Nasdaq opened up more than 1% in the evening, but after the high opening, it kept falling, at one point retreating to nearly flat. BTC also continued to decline, dropping below 100,000, but I feel that the Nasdaq's recovery trend is not over yet, so I closed the short position in BTC. Sigh, out of impatience, I opened a long position around 99,700. Currently, BTC is weakening, and taking a long position is very unwise. It's difficult to set a stop-loss; I reluctantly set it just below this morning's low of 98,500. This stop-loss can easily be hit. Even if this trade can yield a decent profit, it's still a reckless trade. The afternoon trading suggestions should have brought some small gains, right? In the afternoon post, the suggestion was to short near 102,200 or 103,200, targeting 100,000, with a maximum rebound to around 102,700. 102,200 is a small resistance level, and it's likely to be breached. But why suggest entering a short position near 102,200? Because BTC is too weak, and 103,200 is a strong resistance level, worried that the rebound won't reach around 103,200. For those who closed long positions below 100,000, I suggest to wait and not be impatient; there are currently no trending trading opportunities, only short-term trades. I will post reminders for any trading opportunities that arise, so follow along, or you'll miss out. What I post every day is hardcore content; so far, I haven't missed anything. Hey. #市场调整後的机会？ $BTC
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Has the direction of BTC been reversed?
Last night I stayed up until dawn watching the Fed and Powell's speeches, so today's post is a bit late. After all, last night the risk assets were experiencing tumultuous and grand fluctuations—not BTC. No, I’m not talking about BTC; compared to the dramatic declines in US stocks, gold, foreign exchange, and other risk assets last night, BTC remained relatively calm. Although the decline was not small, it was moderate compared to past trends. In fact, my main profession isn't cryptocurrency. I've only been in the crypto space for a year or two. My legitimate main profession is as a professional trader for stock indices, commodities, and foreign exchange, so if I have misjudged BTC, please don’t be too harsh on me. After all, I’m just a novice compared to those who have been in the crypto space for over a decade. However, hey, so far, I haven’t missed anything.
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