The pancake has directly broken through, everyone!
In the early morning, I provided everyone with the idea of going long at the 118000 line, and a big bullish candle directly pulled it to 121700, which is already 3700 points. Those who followed directly took off!
The main wave has started, the first target has been reached, and our second target is 123300. Continue to hold the long positions! $BTC
6 days have passed since August began, and there are always significant market movements at the start of each month. Let's summarize the layout at the beginning of this month!
At the end of the month, we experienced six consecutive days of decline on the daily chart. Our short positions set between 123000-111800 came to a perfect conclusion.
Subsequently, we suggested entering long positions at around 112000 to capitalize on the oversold rebound, taking profits near 115300!
Later, we publicly stated that the 115000-116000 range for Bitcoin is a resistance level. Additionally, the significant tax increase announced by Huang Mao last night led to a sharp decline in our cryptocurrency market. We had already positioned short positions in advance, and the market reached 112500 as expected.
Choosing the right direction is the prerequisite; following the right people provides the unwavering execution that breaks through the fog! $BTC $ETH #加密市场回调
Many people say that the 'Shanzhai Season' is over, but if it really is, what does that mean? — 90% of altcoins will form a lifeless horizontal line on the monthly chart, and then drop another 90% during a prolonged bear market, ultimately going to zero or being delisted. The remaining 10% of altcoins might barely increase by 10 times. According to this script, 90% of projects in the crypto space will be completely abandoned, and no one will dare to touch altcoins again. Is this reasonable? Does this align with the logic of the market ecosystem?
If in a 'bull market', only a few targets rise while the vast majority of assets remain silent, or even decline, does it deserve to be called a bull market? The core of a bull market is the diffusion of profit effects, sector rotation, and giving newcomers a chance to benefit. Even according to the conservative assumption of the 'decline of crypto dividends', quality altcoins should increase by 5 times, while trash altcoins should rise by 2 times. If there is not even this level of volatility, why should retail investors enter the market next time? Why should they believe in altcoins? How will market makers, exchanges, and project teams make a living?
Unless — this is the final carnival, and the big players are determined to kill the goose that lays the golden eggs, treating this round of the bull market as the last batch of leeks to be harvested. If that’s the case, I accept my losses. But until then, I still bet that the market will follow the most basic logic: capital never sleeps, and bubbles will always rotate. $BTC $ETH
The recent surge of Da Bing Yitai has indeed caught many people off guard.
However, friends who are currently stuck at high positions shouldn't worry too much; maintaining a calm mindset is the most important thing—markets always have cycles, and the current adjustment may just be a buildup of energy. In the next opportunity, the potential for recovery from being stuck may lie within.
The upward structure of the pancake is good, and in the short term, you can enter the market in batches on dips, hoping to test the resistance level of 123800!
I have already reduced my long position to break even and am quietly waiting for the results!$BTC
Pepe gave everyone a 0.01100 increase, reaching a high of 0.0125! Coins that don't rise sharply won't be promoted by Shiyu, waiting for Pepe to continue the rebound to reach the target price! $PEPE
诗羽Crystal
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Bullish
Pepe, pull back to around 0.01100 to layout long positions, target looking at 0.01300. $PEPE
There are many pullbacks, buy at the lowest point of 120100 in the evening, sell at 121000, 6 minutes, 900 points of space! $BTC
诗羽Crystal
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Bullish
8.13 Bitcoin Auntie Trend Analysis
Yesterday, during the day, I suggested buying at 118200, which reached 120200, a movement of 2200 points. Auntie provided a buy at 4200, which surged directly to 4670, a movement of 470 points!
The daily K-line reached a high of 120200 and a low of 118200, showing a bullish trend. The MACD has ended its contraction and started to expand upwards. Currently, the daily resistance level to watch is the upper Bollinger Band at 120900. The four-hour K-line has formed an upward channel, and the technical indicators show a top divergence. After the main force stretches to 122300, selling pressure begins. After a valid pullback to the support at 118000, the middle Bollinger Band support to watch is 118900, while the upper band resistance to monitor is 121750. Overall, the trend maintains a high-level consolidation market, with a focus on low buying.
Auntie has multiple favorable factors overlapping: new issuance of coins + ample short fuel + strong buying pressure. Thus, I do not recommend going short; there is no reason to short. If one really wants to short, it can only be pursued when it shows signs of stagnation around 4800. When the big bullish candle breaks through 4660 with volume, one can chase the rise; otherwise, I do not recommend it.
Trading Suggestions Buy Bitcoin around 119000-118000, targeting upwards to 121000-122000, and continue looking upward after breaking through.
Buy Auntie around 4450-4500, targeting upwards to 4700-4800, and look upwards to 5000$BTC $ETH after breaking through.
BNB, the long position set at 760 has reached the target of 850!
Don't fear heights or guess the peak, look for new highs, and continue to go long for a great victory! Seize the trend, choose the right direction to make money in this market! $BNB
Yesterday, during the day, I suggested buying at 118200, which reached 120200, a movement of 2200 points. Auntie provided a buy at 4200, which surged directly to 4670, a movement of 470 points!
The daily K-line reached a high of 120200 and a low of 118200, showing a bullish trend. The MACD has ended its contraction and started to expand upwards. Currently, the daily resistance level to watch is the upper Bollinger Band at 120900. The four-hour K-line has formed an upward channel, and the technical indicators show a top divergence. After the main force stretches to 122300, selling pressure begins. After a valid pullback to the support at 118000, the middle Bollinger Band support to watch is 118900, while the upper band resistance to monitor is 121750. Overall, the trend maintains a high-level consolidation market, with a focus on low buying.
Auntie has multiple favorable factors overlapping: new issuance of coins + ample short fuel + strong buying pressure. Thus, I do not recommend going short; there is no reason to short. If one really wants to short, it can only be pursued when it shows signs of stagnation around 4800. When the big bullish candle breaks through 4660 with volume, one can chase the rise; otherwise, I do not recommend it.
Trading Suggestions Buy Bitcoin around 119000-118000, targeting upwards to 121000-122000, and continue looking upward after breaking through.
Buy Auntie around 4450-4500, targeting upwards to 4700-4800, and look upwards to 5000$BTC $ETH after breaking through.