In the recent period of large-scale shipments (all kinds of illegal assets or confiscated assets), the difficulty of operation has increased exponentially, so be careful not to chase the price of the contract. Without leverage, there is no liquidation price for long positions; however, there is a liquidation price for short positions. No matter how small the position is, there is a ceiling liquidation price.
Figure 2 The real account started with 2970U. It was started on February 29 last year. As of today, the total account funds are 110,000U. I have withdrawn 35,000U to get some hard currency.
Ether being a scumbag is not 8 times out of 10, but a thousand times Every time I wait to make up for the increase, I release my pigeon every time and see if there is a breakthrough in the past two days. There may be a short-term technical increase in the past two days.
The trading range after the market fell sharply last week was 25320---26800. The daily K-line rebounded to the 10-day moving average and was blocked. Recently, the market has been trading sideways in the range of 25320---26800 for some days. There is a probability of a new low in the near future. Not big, we still need to wait and see for the second exploration of the price in the medium and long term. Recent events will focus on the annual meeting of global central banks in Jackson Hole tomorrow night, and the Fed’s leading speech. #BTC
Since the pie bottomed out at 15,500 last year, it has risen to a current high of 31,000, and the price of the pie has just doubled. This week the market has reversed the trend of shock and correction in the previous month. Whether it can break through 31,000 and set a new high will be confirmed in the near future.
The market has rebounded and risen in three rounds this year. Except for the sideways rebound at the end of the year, the market has been caught off guard in the last two rounds of rise. Both of them first released bad news in the market, which directly caused the market to rise. After the two bad times in the market, quite a few copycats fell below the lowest level at the beginning of the year.
In the next more than one year and nearly two years (until 2025), the United States will not be troubled by the national debt ceiling, and the U.S. dollar interest rate is as high as 5.25%. The White House will definitely work hard to increase the scale of U.S. debt, cutting interest rates while expanding the debt. The scale is expanded to completely overdraw the remaining credit of the US dollar until the debt model is unsustainable. While expanding debt scale and cutting interest rates, risk assets are pushed up, market bubbles are pushed up, and the market is carnival. Before this happens, especially before the Federal Reserve interest rates are significantly lowered, enjoy blowing bubbles. After 2026, the U.S. debt will be unsustainable, the dollar will depreciate, and finally a financial crisis, stock market crash, commodities, and house prices will fall together, a global financial crisis #BTC
[Xiaoyao Research Society] Although the performance of the pie has been weak in the past two months, from 29,000 to 26,000 now, it took a month to recover by 3,000 knives. Yesterday, the SEC sanctioned BN and CZ, and today the SEC sued CB. The industry-wide policy negatives have basically been released. However, tonight the market plunged and then came back, indicating that it will be more difficult for the market to hit a new low tonight. Regarding the market outlook, the U.S. dollar interest rate hike cycle is basically over, and current interest rates may be higher than they actually are. There are still market expectations for the Federal Reserve to cut interest rates in the second half of the year. In other words, all the bad news that should have been taken out has been exhausted. Maybe it is done now. Darkest hour. Every step forward is towards the light. #BTC#ETH#CZ#SEC#BN
In terms of short- and medium-term trends, after the market was blocked at 31,000 in April, it fluctuated and corrected for nearly seven weeks. After being blocked at 28447/28500 last Monday, the callback intensified. The overnight market was sued by the SEC and BN was negative. The short-term support of 25800 has been broken. The callback is still continuing. The platform support of 25250 below is difficult to guarantee. Lower support refers to 24000; 24000--23000 range. Since the beginning of last week, the market's callback has intensified, and at the same time, the market's highly leveraged long positions have been liquidated. After the liquidation is completed, the callback will almost be over. When it’s time to buy the bottom, you should still buy the bottom. After all, the further time goes by, the more favorable it will be for bulls as the market will speculate on expectations of a U.S. dollar interest rate cut at the end of the year and a halving after the year.
The day when we can reach Longwang and Shu is just around the corner. After this pressure line breaks through, the next pressure will be 28,500; if it reaches the next pressure line, it will be 30,000, 30,001.
Regarding the current trend of the pie, the short-term trend is indeed relatively weak, and it is still suppressed by the shadow of the US debt ceiling. The longer the current time is delayed, the more favorable the time will be for the big pie. Sooner or later, the United States will raise the debt ceiling (this move will clear the market shadow in the short term, and the long-term weakening of the US dollar will be more beneficial to the big pie). Hong Kong's virtual assets will be legal after 6.1 (fresh blood) entering the market), expectations of interest rate cuts (it doesn’t matter whether they fall or not, it’s mainly speculation), and there will be interest rate cuts later. If interest rates continue to be cut, and the time is delayed, the closer it is to the speculation time of next year’s big pie, and the current big pie is out of the technical bear market. It didn’t take long, there was no reason to be bearish, let alone short, and the market’s 9-month head-and-shoulders bottom pattern was not formed in vain.
Clearing away the gloom, the daily K-line of the big pie has formed a second bottom near 26,500, and the correction since the big pie of 31,000 is expected to end. At present, the 5-day and 10-day moving averages of the daily K-line of the big pie have reached a golden cross, and the technical situation has gradually improved in the short term. With the improvement of market sentiment, the big pie is expected to start the third upward trend since the beginning of 23, since the daily K-line level. The lower support is 26500; the upper resistance is 28330; 30,000, 31,000.
According to news on May 17, Tether issued a statement stating that starting this month, Tether will regularly allocate up to 15% of its realized net operating profits to purchase Bitcoin, aiming to further strengthen and diversify its reserves. Tether’s net income last quarter was $1.48 billion, or $493 million per month, and they plan to invest 15% of their net operating profits in Bitcoin, which is equivalent to purchasing $74 million in Bitcoin or 2780 BTC per month! This is 3 times the monthly mining volume. Buy and cherish the 27,000 pie.
The 5, 10, and 20 day moving averages of the big pie daily K-line cycle overlap and resonate. It should be almost done and it can start to rise? #BTC #crypto2023 #ETH #Binance #sui
Continue to maintain a position that is equivalent to a full spot position. If there is no position, the position will be filled up between the current price and 28632, which is equivalent to a full spot position. See the 28632--28400 range and double the leverage (if it does not appear, wait for the technical signals in the market to add more (order), don’t go short. Welcome to pay attention
The large range of the short-term amplitude of the pie is already very clear. The lower support is 29618--27235; the upper resistance is 30036; 31000; the approximate range is 27000--30000, and the middle price is 28500; the long price on dips is at or below 28500, both Those with advantages, the fundamentals have not changed, and the general trend is still bullish.#bitcoin#BTC