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#CPI数据来袭 $BTC
$ETH $SOL
I think the recent market conditions are quite simple.
This is the first 30% correction of Bitcoin in this cycle... Many people feel emotional for two reasons:
First, a large amount of investment in altcoins that have fallen 80-97% from their highs, unprepared for the speed of their decline, and unable to exit.
Second, many people have forgotten the feeling of a 30% correction in Bitcoin.
Big changes are coming!
$ETH $SOL
I think the recent market conditions are quite simple.
This is the first 30% correction of Bitcoin in this cycle... Many people feel emotional for two reasons:
First, a large amount of investment in altcoins that have fallen 80-97% from their highs, unprepared for the speed of their decline, and unable to exit.
Second, many people have forgotten the feeling of a 30% correction in Bitcoin.
Big changes are coming!
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20240805 Market Analysis
#加密市场急跌 Important prices and trends:
1. BTC has fallen below the important support level of 61,800 and is currently around 50,000.
2. 50,000 is a key support level, if it fails, it may fall further to the 38,000-40,000 range.
3. 56,000 is an important resistance level in the near term and needs to be recovered to reverse the downward trend.
4. It is currently below the 5-month sideways range, showing a clear bearish signal.
Trading straregy:
1. Be cautious and don't rush to buy the bottom. Wait for the confirmation signal from the higher time frame.
2. Pay attention to the 50-day moving average and VWAP indicator, and maintain a bearish mindset below them.
3. Use the 30-minute chart to look for short-term opportunities, focusing on one-time frames and trend lines.
1. BTC has fallen below the important support level of 61,800 and is currently around 50,000.
2. 50,000 is a key support level, if it fails, it may fall further to the 38,000-40,000 range.
3. 56,000 is an important resistance level in the near term and needs to be recovered to reverse the downward trend.
4. It is currently below the 5-month sideways range, showing a clear bearish signal.
Trading straregy:
1. Be cautious and don't rush to buy the bottom. Wait for the confirmation signal from the higher time frame.
2. Pay attention to the 50-day moving average and VWAP indicator, and maintain a bearish mindset below them.
3. Use the 30-minute chart to look for short-term opportunities, focusing on one-time frames and trend lines.
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20240804
1. Important support levels:
- $60,000 (current psychological support)
- $57,000 (weekly and daily raw point control)
- $50,000 (major psychological support)
- $49,700 (daily support)
2. Important resistance levels:
- $62,200 (value zone low)
- $65,300-65,400 (daily resistance)
- $67,325 (weekly resistance)
- $70,000 (previous high)
3. Trading strategy:
- The author expects the price to fall further and does not recommend going long near $60,000
- Wait for the price to fall to strong support near $57,000 or $50,000 before considering going long
- If the price rebounds, there may be a short opportunity near $67,500
- Stay patient and wait for more market data and the opening of CME and New York stock markets
4. Other views:
- Pay attention to stock market trends, which have an important impact on cryptocurrencies
- Pay attention to the opening of CME futures and the filling of gaps
- Currently in a downward trend, forming lower lows and lower highs
- The author is currently taking a conservative strategy and is not in a hurry to enter the market
Expect a new CME gap to form:
Since CME only opens on Mondays and the cryptocurrency market trades around the clock, gaps often form when CME opens.
Gap trading strategy:
If the opening is in the middle of a gap, it may rise first to test the top of the gap, and then fall to fill the gap.
After filling the gap below, it may rise to fill the newly formed gap above. $BTC $ETH
$BTC
1. Important support levels:
- $60,000 (current psychological support)
- $57,000 (weekly and daily raw point control)
- $50,000 (major psychological support)
- $49,700 (daily support)
2. Important resistance levels:
- $62,200 (value zone low)
- $65,300-65,400 (daily resistance)
- $67,325 (weekly resistance)
- $70,000 (previous high)
3. Trading strategy:
- The author expects the price to fall further and does not recommend going long near $60,000
- Wait for the price to fall to strong support near $57,000 or $50,000 before considering going long
- If the price rebounds, there may be a short opportunity near $67,500
- Stay patient and wait for more market data and the opening of CME and New York stock markets
4. Other views:
- Pay attention to stock market trends, which have an important impact on cryptocurrencies
- Pay attention to the opening of CME futures and the filling of gaps
- Currently in a downward trend, forming lower lows and lower highs
- The author is currently taking a conservative strategy and is not in a hurry to enter the market
Expect a new CME gap to form:
Since CME only opens on Mondays and the cryptocurrency market trades around the clock, gaps often form when CME opens.
Gap trading strategy:
If the opening is in the middle of a gap, it may rise first to test the top of the gap, and then fall to fill the gap.
After filling the gap below, it may rise to fill the newly formed gap above. $BTC $ETH
$BTC
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2024.08.02:
Important support levels:
1. 63,100 - This is a psychological key point, BTC likes to fluctuate around integers
2. 63,875 - The low of CME futures, which is also the low of the value range
3. 61,800 - 50% retracement of the monthly line, the author set an alarm here
Important resistance levels:
1. 64,850 - The midpoint of the current range
2. 66,000 - The high of CME futures, which is also the previous high
Trading strategy:
1. The current price is at the midpoint of the range, which is not suitable for opening a position. The author tends to wait for a pullback to around 63,100 before going long.
2. If it breaks above, you can consider going long at the target of 66,000, and then look for shorting opportunities.
3. The author set two alarms: shorting around 64,800 and going long around 63,100.
4. It is recommended to pay attention to the 5-day, 50-day, 100-day and 200-day moving averages on the daily chart, which can be used to determine the trend.
5. Observe the changes in trading volume, and a large volume confirmation is required when a breakthrough occurs.
Other opinions:
1. The author believes that Bitcoin is in a large range and there may be a big breakthrough in the future.
2. It is recommended to use the Market Profile tool to analyze the price structure.
3. Do not rely too much on statistics, but pay more attention to current price behavior.
Opinions of major bloggers: #美联储何时降息？ $BTC
Important support levels:
1. 63,100 - This is a psychological key point, BTC likes to fluctuate around integers
2. 63,875 - The low of CME futures, which is also the low of the value range
3. 61,800 - 50% retracement of the monthly line, the author set an alarm here
Important resistance levels:
1. 64,850 - The midpoint of the current range
2. 66,000 - The high of CME futures, which is also the previous high
Trading strategy:
1. The current price is at the midpoint of the range, which is not suitable for opening a position. The author tends to wait for a pullback to around 63,100 before going long.
2. If it breaks above, you can consider going long at the target of 66,000, and then look for shorting opportunities.
3. The author set two alarms: shorting around 64,800 and going long around 63,100.
4. It is recommended to pay attention to the 5-day, 50-day, 100-day and 200-day moving averages on the daily chart, which can be used to determine the trend.
5. Observe the changes in trading volume, and a large volume confirmation is required when a breakthrough occurs.
Other opinions:
1. The author believes that Bitcoin is in a large range and there may be a big breakthrough in the future.
2. It is recommended to use the Market Profile tool to analyze the price structure.
3. Do not rely too much on statistics, but pay more attention to current price behavior.
Opinions of major bloggers: #美联储何时降息？ $BTC
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