Since the market started on January 22, the strength of Bitcoin has skyrocketed, with two unexpected strong rises, a breakthrough on 2/7 and a breakthrough on 2/26. Both breakthroughs started after 23:00 UTC+8, which is undoubtedly open. There is more room for growth. This wave of callbacks will look at the support of 5.8w and 5w. After the adjustment, you can see 8.9w. However, there is a very obvious phenomenon in the Bitcoin wave since 23/5/1. The volatility has remained below 3% for 10 months (see Figure 2). This is the first time in history that the volatility has been below 3%. For such a long time (red box), the volatility in previous bull markets was often above 3% (yellow box), and even before 22/6/20 the volatility was above 3%, so an objective experience is that the operation is more difficult. Once the market starts and you don't enter the market in time, you will miss it, and then there will be a long period of narrow sideways trading. The characteristic of the crypto market is 24*365 continuity. No one knows at what moment the market will come, so you can only wait, which is the biggest cost. It's the time cost.
It is foreseeable that as the market advances and prices rise, the volatility will exceed 3%. This round of big bulls has no peak yet. #BTC
Since 23/04/16, Bitcoin volatility has been below 2.86%. An objective experience is that Bitcoin often trades sideways in a narrow range, and then fluctuates quickly and then moves sideways again. This makes traders face frequent rapid fluctuations in narrow ranges, and operations It becomes more difficult, and only larger cycles have room for maneuver. In addition, Bitcoin has been separated from the general public since 2023. Due to its high price, it is difficult for ordinary investors to purchase a complete Bitcoin and can only be split.
However, a series of Bitcoin ETFs have been approved since this year, and Bitcoin is expected to gradually approach gold’s share in the future. This will attract more institutions and even sovereign capital to join the market. This great practice and innovation involving the entire society has brought historic opportunities to ordinary investors. In every major fluctuation, gradually accumulating BTC is the way for ordinary investors to participate and benefit.
The rebound entered the market for the second time, and a large-scale correction began yesterday morning, which may be completed by consolidation, or simply by a rapid decline. If you fail to catch up with the trend of eating meat in the second wave, you will be beaten and your head will hurt. #BTC #ETH
Observe the process of breaking through the target area t1-t3 to see if it is a big force. If it is a slow decline in the direction of 5 o'clock, you can still go back and forth as a consolidation; if it is a waterfall, first place the price limit target area. Extreme market conditions are often 3-3 in one minute. With a fluctuation range of 10%, it is often too late to place an order and the transaction cannot be made at a good price. At present, the downward space is opening up little by little, and the short side has the upper hand. Once the breakout is pushed, the decline may accelerate.
If it rebounds, it will be the best second time to enter the short market. It is likely to be the last consolidation before the waterfall. The downward trend of BTC has emerged, and ETH has not yet exited the downward trend, and may directly fall to a high level.
Well, those who didn’t enter the market after the sharp drop yesterday can rest assured to enter the short position. The short stop loss has been swept again. This may be the starting point of this wave. However, at worst, it may take a long period of sideways trading to determine the downward direction. . #热门话题 #BTC
If it stands firm here, there is a high probability that it will hit a new high and hit the short stop loss order above, and then it will fall sharply and quickly complete the correction. The yellow one above is a big piece of meat.
The current price is a good short-selling entry opportunity, as shown in the clearing heat map below. The clearing price is 50000/48000. The worst move here is to consolidate and break upward and be stopped. The most expected move is to break through the callback and move downward. The probability is higher. #BTC #ETH
Since BTC broke through 4.9w, it has accelerated its upward attack, breaking the previous expectation of adjusting downward to 34,000. This wave of accelerated breakthrough trend is very strong, completely opening up the upward space; currently, a wave of callback is needed at this position, and the intensity is regarded as normal for the time being. Treat the callback; callback 1 position is 49500, callback 2 position is 47700, callback 3 position is 46800; if the consolidation can be stabilized at these 3 positions, it may see a new high of 56000; if there is a stronger pullback, it is an opportunity to enter the market and do long, and wait patiently for the callback complete. #BTC #ETH
Let’s see how the 4th halving will proceed? Fall back to position 1:34000, position 2:30000, and observe whether it can stand and stabilize at this position. This means that the current price range has at least 20%-30% room. Don’t miss every short-selling opportunity. No one knows when it will happen. #BTC #ETH $BTC $ETH
In the 3h level topping stage, the daily level ends the unilateral adjustment, and the next paths are 1 and 2. The probability of 1 is greater. The variable is that this wave of unilateral strength is okay, and there is a small probability of getting out of 2. The specific way to proceed will only be known when the recursion reaches that time. #BTC
Since 4.27, the daily level market has been consolidating for half a year and 178 days before coming out of the first situation. The H1 line 36000 is 0.1 away from touching; it must pass H1 in the later period. The subsequent two moves 1 and 2 will require time to react and confirm the market's subsequent push higher. If it moves 2 and the market falls back, you can go long and enter the market near 31,000; if you move 2, the probability is small, and there is only an empty opportunity. The rebound trend of 5 after the structural level was at 2 or 3 last week can only be regarded as a rebound. The strength is not bad and not too weak. After all, it is a reversal after 3. The moves in the two weeks of 11/6 and 11/13 are very critical. Observe whether the upper market has completed and started to reverse downward. From the 3h level, the subsequent move is highly likely to be 1. It remains to be seen if the market will consolidate higher at the daily level in the future.
From an operational point of view, this kind of market is too tiring to do manually, the waiting time window is too long, the efficiency is not good, and there is no sustainability. It is often a sudden market, which is difficult to grasp because there is no enthusiasm and no liquidity to participate. Trading is difficult because the market trend takes time and life to accumulate, and it is difficult to wait.
BTC has been weakly consolidated for 2 days to reach the high level of the range, and continued to short at 27472; ETH continued to short at 1835; waiting for a buy signal. #BTC #crypto2023 #ETH #Binance #Web3
Since BTC has stabilized at 26527 and is out of trend, it can enter the market again by going long at the stop loss level of 26862 as shown in the figure, and participate in the second wave; ETH is more hesitant, so it can enter the market by going long at the stop loss level of 1795. #BTC #crypto2023 #ETH #Binance #Web3
Going to the position facing the choice again, BTC sees if it stabilizes at 26425 as shown in the picture, and continues to go up, otherwise it needs to find a new bottom; ETH follows the trend to see if it can stabilize at 1774, continue to go up, and stop loss at this position to enter the market if it falls back Once; to observe whether the upward trend can continue, the overall trend is in weak consolidation in the lower range. #BTC #crypto2023 #ETH #Binance #Web3
The first wave of a definite rebound will be ushered in in the short term. If it falls back and enters the market to participate in the second wave as shown, a larger rebound may start from this position. The current trend is like the second trend mentioned before. #BTC #crypto2023 #ETH #Web3 #Binance
At present, BTC is still in the range mentioned above, and has not yet stepped out of the consolidation range. In this wave, observe how the follow-up force will form a new trend. If it can get out of the trend, see if it can effectively break through the previous high of 29950; is weak, and the profit of long price comparison is better, all of which are in the new upward trend of potential. #BTC #crypto2023 #ETH #Binance #Web3