Mainstream rises, altcoins slightly rise, mainstream falls, altcoins halve, there is no altcoin season, only a consolidation period.
In late May, we made a move from around 111,600, and in mid-June, we made another move from around 110,000, under the double top, with numerous reminders, yet some still didn't believe, insisting they wanted to see 120,000-150,000. During this process, we made a long-term profit of 11,100/7,000, not counting the short-term calculations.
Breaking below 109,000 to chase shorts, the next day we even gave a move around 107,400/108,300. Entering a short position is a skill, but being able to hold it is what makes a winner. Many friends jumped into shorts, probably running away in tears; don't doubt it, you might really be one of them...
Not much more to say, the main idea is that whether mainstream or altcoins, just consolidate...$BTC
The beginning of the week saw a significant rise, while the end of the week experienced fluctuations, with little variation, yet it can still create a legend. In a fluctuating market, there are opportunities for profit everywhere. Today, during the short weekend cycle, attention can be given to the adjustment in the 106,300-107,900 area, with the strategy of selling high and buying low.
In the 106,000-106,500 area, buy with a target near 108,000, maintaining a synchronized demeanor. $BTC
The Nasdaq hits a new historical high, the Dow rises over 1%, tonight Bitcoin continues to maintain adjustments, surprisingly it hasn't followed the rise, so the current price of Bitcoin can be lightly shorted around 10.73, looking down to around 10.6. $BTC
U.S. stocks opened higher, the Nasdaq once again hit a historic high, it can't be denied, but Yingjie believes that Bitcoin will still correct. Currently, it's nearly 1000/27 points, you can reduce your holdings and continue to hold...
Callback started, hold on to short positions, at this moment we need a solid large bearish candle for Bitcoin to break below the 106,000 level and test the 105,000 support, and here happens to be the lower Bollinger Band position on the four-hour chart.
Bitcoin is starting to decline, while Ethereum is relatively strong today; if Ethereum breaks below the 2,400 level, then altcoins will collectively drop... $BTC
How will the high-level sideways movement play out as we迎来Friday, will it be black or red?
Recently, the trend has been rising at the beginning of the week and falling towards the end, but this week's unexpected sideways movement has left many friends confused. However, Yingjie still remains optimistic about the pullback, adjusting with a mindset that trades time.
Bitcoin has surged from 98,000 to around 108,000, a rise of about 10,000, which is undeniably strong. High-level adjustments have replaced declines, but Yingjie believes this is only temporary, and a correction will definitely occur.
The ideal short position should be around 109,000, which is also the high point of the previous decline. Recently, Bitcoin has repeatedly tested the 108,000 mark and pulled back, but will the market give you a chance to reach 109,000? It definitely won't reach the ideal position before pulling back. For example, in this round of increases, how many people really profited? Right, there was no pullback and not many opportunities to jump in.
Those holding short positions should continue to hold, looking at 106,000. If it breaks, continue to hold...$BTC
The volatile market is like a chicken rib, tasteless to eat and a pity to discard, but being able to have a bite of meat can bring peace of mind for a day.
The lowest point has taken down 1000+/50+ to take a point.
The only thing to do in a volatile trend is to maintain a good mindset; perhaps there will be a unilateral market explosion on Friday... $BTC
At high positions, it's better to short than to chase the rise. Currently, light positions are taken around 107,400, looking down to the 106,000-106,500 area. If it breaks down, continue to look down. $BTC
The posture hourly line has six consecutive declines, slowly falling, and is expected to continue the downward trend to test the 2400 mark. Currently, the big pie is relatively strong, but there are also signs of a short-term pullback. If the big pie falls below the 107,000 mark, the posture will accelerate downwards.
The big pie can be seen around 105,800 to 106,300, with a target upwards around 108,000.
The posture can be seen around 2400 to 2410, with a target upwards around 2480. $BTC
Bitcoin remains strong, even in the face of divergence, it is still resilient, moving sideways with slow gains. In this phase, it has repeatedly attempted to break the 108,000 level without success, but in the short term, there is still upward momentum; if it breaks through, it can continue to look towards the 109,000 range, which happens to be the previous high retracement point.
Currently, Bitcoin is experiencing a sideways movement instead of a decline, which is also a trend seen in the significant rise and adjustment this year. After a significant breakthrough this week, the support for Bitcoin has continually moved up from 105,000 to around 107,000, and the upward space is also continuously extending. In this trend, what it takes to go long is courage and mindset. Today, pay close attention to the support and resistance conditions in the 107,000 and 109,000 areas. $BTC
Posture, the short-term rise is currently testing the previous day's high of 2480 and the 2500 mark. The 2500 mark can serve as a short-term bullish watershed and is also the point of fluctuation that has been flat for a while.
The upper area of 2500-2530, while the lower area looks at 2400-2430. If it breaks down, look lower. $BTC
Bitcoin is slowly rising and pushing towards the 108,000 mark, having increased nearly 10,000 points from 98,000 to 108,000, with not much pullback in between. In the short term, it also shows a 'divergence' status, and even if bullish, one should not chase prices excessively.
In the evening, Bitcoin faced pressure at the 108,000 mark and fell back, dropping to a low of around 106,700, and is currently adjusting around 107,300. In the short term, bulls are continuously moving up, with a focus on the support level around 106,000, while above, attention should be paid to the previous high retracement point at around 109,000 as resistance.
Those holding short positions can hold with a loss, looking towards the 106,000-106,500 area below, and then can switch to long, targeting the 108,000-109,000 area. $BTC
Many people's pockets have slowly become empty because of Trump, now he's stirring up the crypto world, following Trump, profits have been consistent... $BTC
It took 4 days for it to rise from 9.8 to 10.8, a large span in a short time, there's no way to disagree, today the short position lost and exited. Trump has been causing trouble since his second term, I'm scared, from 2016 to 2020 he was into gold, during this term he's specifically focused on Bitcoin...
Powell's speech is about to start, just do it... $BTC