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#BTC Bitcoin has directly fallen to around 104000, and the shape of the low point still seems lacking. The support below is at 103800 and 103000, and the bulls at a large scale still cannot build positions and must continue to wait.
1: #BTC Bitcoin started to pull back around the high point of 110300 last night, the first wave of pullback reached around 109200 and then rebounded to a high of around 109800 before pulling back again. The second wave of pullback broke below 109000 and hit around 108300, starting to rebound slightly. It rebounded to 109200 but didn't go up and continued to pull back to around 108000, then rebounded and ground again. The rebound high point hit around 108800 but couldn't go further and continued to pull back. As of now, the lowest point reached around 107300 and rebounded while grinding, with the highest point reaching 107900. Currently, it is hovering at 107700. From last night's decline, it can be seen that this wave of decline has been making lower lows and high points are also trending downwards, so the intraday market is bearish. Last night in the live broadcast, I told everyone to buy long around 108500, but later seeing that the situation was not right, I advised everyone to exit without losing money. If we hadn't exited, it would have hit stop-loss today. Currently, Bitcoin is nearing a level where it can be built up again. If it pulls back to below 107000 and dips to the 106000 range, it would be a good opportunity to buy long and hope for a rebound. If it reaches around 109000 again, there is still a chance.
2: #ETH Ethereum reached a high of around 2880 last night before pulling back, hitting strong resistance at 2850 before it started to drop. The first wave of pullback reached around 2780 but still saw a rebound, with the highest rebound reaching 2830 but failing to go further and continued to pull back. The second wave of pullback hit 2740 and started to rebound, grinding with the highest rebound around 2780 before continuing to pull back. Currently, it is still supported around 2750. Ethereum's recent price movement has been quite good, continuing to move upward once more. There is still a probability of touching around 3000, but it depends on how Bitcoin moves. If Bitcoin does not pull back too much, Ethereum will have better upward space.
Ethereum's recent upward pullback should not drop below 2600. If it breaks through here, the probability of reaching new highs again will be lower. At least this wave needs to hold higher; if it wants to go up again, it requires another wave.
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The trend of the big pancake tonight is slightly bearish. Short-term bulls should pay attention, if the rebound at 109200 doesn't hold, it will continue to pull back, hitting a lower point. It may not hold steady here at 108000 for long.
The strategy for the big pancake in the live room has already been linked with the strategy of 66974970229. If you want to join, check out the live room. I hope tomorrow when we wake up, we can directly profit from the long positions.
#ETH Ethereum has taken off, breaking through the key resistance of 2850. If it stabilizes above 3000, the next wave of takeoff will begin again.
Thinking back to when I told everyone to buy around 1500, it has almost doubled now. I wonder how many people still have positions. I sold half around 2500, and I still have the other half.
Tonight's CPI Data Release Market Trend Prediction
#CPI数据 At 20:30 tonight, the CPI data will be released. If it's positive, the market will rally, and if it's negative, it will drop.
My personal prediction is that if tonight's CPI is positive, there will be an initial spike up, followed by a quick pullback before rallying again. Assuming Bitcoin is at the current position of 109000, it will first spike to around 109800, then pull back to around 109200 before starting to rebound, eventually reaching around 111000.
If it is negative, there will be an initial drop to around 108500, then a rebound back to around 109000 before continuing to decline, breaking below 108000 and dropping to around 107500-107000, where it will start to consolidate and rebound.
The large pancake has fluctuated more than 1000 points from last night to now. It has been grinding at a high level, and currently, the direction is unclear. Let's see tonight's non-farm payrolls. If the non-farm payrolls are favorable, there is a chance to surge and reach near the previous high. If unfavorable, there is also a chance to drop to 107000. Pay attention to the large fluctuations in the short term.
Ethereum has surged to #ETH , gaining nearly 100 points in less than half an hour. This morning, it was caught below 2700 and has been very profitable.
The resistance for Ethereum is at 2780, with strong resistance at 2850. If it breaks through here, it might touch the 3000 mark.
However, I don't recommend chasing the rise in the short term; let's wait for a pullback or for a higher point to be established. We will look for opportunities after the US stock market opens. Currently, the small scale looks bearish and can't be shorted.
Is this the rhythm for the bull market? The whole market is green
#ETH Ethereum has also taken off and broke through 2700. I built a position around 2513 last night and set a take profit at 2647 before going to sleep, which got hit. My thigh is broken!
Bitcoin has surged over 5000 points in one day, is this going to break the new high? Currently, this trend should have another opportunity to push up a bit during the day, touching the new high area before starting to pull back.
Currently, the resistance levels above Bitcoin are 110700, 111300, 112000, and the support levels below are 109000, 108500, 108000, 107000.
However, the recent surge in Bitcoin during the early morning should be driven by news, and once it pulls back, it will also be relatively quick. Currently, with the price at this level, it is not very good to operate long positions, and during the day, if it touches a historical high point, one can consider entering a short position, with a stop loss set 1000 points above and aiming to take profits down to 108000-107000.
Bitcoin had a pullback on the 1-hour chart tonight, likely hitting many stop-losses. It rebounded directly by 1000 points.
Currently, Bitcoin's resistance is at 108,000. If it goes higher, the next levels are 108,500 and 109,000. The support below is at 106,800 and 106,500. If it pulls back and does not break below 106,500, it can be a good opportunity to go long. If it breaks below 106,500, focus on short positions.
After waking up, the big pancake hit a high point near 106500, and has started to retrace, dropping almost 1000 points. The shorts are feeling the pressure.
Currently, the big pancake looks like it still needs to retrace a bit more; a small-scale retracement to around 105000 should see a rebound. If it gets there, we can look for a rebound in the morning, grinding up to the range of 105800-106000. If it can't break through, it will continue to retrace. By the afternoon low, there is a chance to see the range of 104500-104000. If it follows the trend I mentioned, everyone should be able to spot opportunities. Both low buys and high shorts can be profitable, but the operations in between are very important. If you make money on low buys, you should take profits. The same goes for making money on high shorts; you should also take profits. Wishing everyone a successful trading! 🥩
#BTC The pancake is still strong tonight, consistently holding at a high point. Based on the pattern, it looks like it wants to test around 106600 once. If it breaks above 107000, be decisive with stop losses. Resistance above at 106600, 107175, and support below at 105000, 104000, 103000.
Good morning everyone, after waking up, Bitcoin hasn't seen much fluctuation in these positions. Let me briefly explain today's market interpretation.
1: #BTC The high point surged to 105900, and the low point dropped to around 105400, about 500 points. The short-term trading space is very limited. The resistance for Bitcoin is at 106000 and 106500. To change from a downtrend to an uptrend, it needs to break through 106500 and stabilize at 107000. Currently, we are still looking at a range of 100000-106500 for fluctuations. If the rebound doesn't go up, it will still retest around 102500. This level is quite significant, not short-term, at least at the 4-hour to daily level. Patience is needed for those who want to trade; the rest will be left to time.
2: #ETH The Ethereum trend is slightly stronger than Bitcoin at a smaller level. Last night, the high point surged to around 2545 before starting to retrace, with the lowest point hitting 2510 before beginning a small rebound. The resistance for Ethereum is at 2550 and 2580, while the support levels are at 2480, 2450, and 2400. If it retraces to 2450-2400, continue to take long positions. Currently, Ethereum is in a 4-hour fluctuation range of 2400-2700, where both high and low positions can be traded.
If my sharing has been helpful to everyone, please like and share. Thank you all for your support.
The large pancake #BTC retraced today to 103800 and started to rebound, rebounding 2000 points over the weekend, which is quite strong. The key resistance above is 105800; if it breaks and stabilizes at 106000, it will likely test around 106500. The support below is at 105000, 104500, and 103800.
However, breaking through the 105800 level is still temporarily difficult; the operation suggestion is to focus on high 🈳 and not to chase the rise.
Waking up, the long position I held in the early morning got connected, I quickly made nearly 30 points in short-term trading, today's pork knuckle rice is secured, now waiting for a pullback at #ETH
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