To be honest, I had a lot at 930, and now 940 has all left. If you don’t want to leave, just take a stop-loss!
Under the pressure of the high point at 945 in the early morning, if it doesn’t go up, consider shorting it. For the short term, let’s take a small profit; the pattern doesn’t look too good. $BTC
封狼-实战为王
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Good morning, friends!
BTC consolidated and corrected over the weekend. I mentioned in previous posts that there is a need for a pullback in the 4-hour inverted shape.
After surging to 945 in the early morning, there was indeed a pullback, and below are the two positions of 925 and 910.
If the 925 support holds, it will continue the strong bullish structure, but if it can't break above 945, it is highly likely that there will be a continued need for a pullback tomorrow.
If the 925 support fails, we will need to test the important level of 910, which will maintain a consolidation range of 91-95 in the short term.
Additionally, if 91 breaks downwards, we will need to test the watershed of 88, which is crucial for whether the bearish trend can return! $BTC
BTC consolidated and corrected over the weekend. I mentioned in previous posts that there is a need for a pullback in the 4-hour inverted shape.
After surging to 945 in the early morning, there was indeed a pullback, and below are the two positions of 925 and 910.
If the 925 support holds, it will continue the strong bullish structure, but if it can't break above 945, it is highly likely that there will be a continued need for a pullback tomorrow.
If the 925 support fails, we will need to test the important level of 910, which will maintain a consolidation range of 91-95 in the short term.
Additionally, if 91 breaks downwards, we will need to test the watershed of 88, which is crucial for whether the bearish trend can return! $BTC
BTC 4-hour level inverted shape, showing signs of a pullback. Pay attention to the support at 925; if the short-term support holds, it will continue the bullish structure.
As long as it hasn't fallen below 910, it remains a strong bull. The short-term consolidation is a repair and there are no obvious bearish signs. It can only be considered a structural shift to sideways movement if it falls below 91. Falling below 88 will return to a bearish structure.
Early session retracement to 944-928, a wave was pulled before the US market, 935-950, doing it this way, there won't be much fluctuation tonight, it's already completed $BTC
The US stock market has closed, with the S&P up 2.03%, the Dow up 1.23%, and the Nasdaq up 2.74%. Compared to the opening, this is a significant rise that shows no signs of turning back. However, Bitcoin (BTC) did not perform as strongly today in the US session as expected. If the US stocks continue this trend, Bitcoin is expected to reach 950 tonight, but it is currently just around 935.
From a market perspective, the bulls are indeed strong, so I placed a long position at 915 today with a low of 916, missing it by 100 points, which is unfortunate.
However, today did not continue the pullback to break the high again, so I opened a short at 935 with a low of 926, but it didn't go through. Later, I hit breakeven at 935, which is a bit frustrating.
910 is a strong short-term support level, also the starting point of a big bullish candlestick. The upper resistance at 950 is the peak from March. Recently, the market has been maintaining this range of 910-950, waiting for a breakout in direction.
Let me briefly outline three possible scenarios for the future:
1. Hypothetically, if it drops and breaks below 910, going down to 88 for a retest, followed by a second acceleration, then the market would likely aim for 98.
2. If it breaks below 91 and continues downward, breaking below 88, the market is highly likely to return to 84. That would form a double top pressure at the April high of 95, with 88 being the watershed.
3. If 91 holds, after a few days of consolidation, it could directly break above 95 and rise to 98, coming closer to the 100,000 mark.
Personally, I lean towards scenarios 1-2, but it's hard to determine which specific one at this moment. If by the end of the month, there is no second break of the high at 949, then it's more likely to solidify the second scenario with a double top pressure.
This is purely my personal speculation. If you like it, give it a thumbs up; if not, give it one anyway! $BTC
The US Secretary of the Treasury stated that Trump did not cut tariffs on China.
The Ministry of Foreign Affairs also responded, stating that there have been no consultations or negotiations on tariffs, and certainly no agreements have been reached.
A couple of days ago, it was said that an agreement was reached to cut tariffs on China, is this just fake news???
The US stock market has closed, and compared to the opening, the three major indices closed slightly weaker, which might be a good situation.
BTC took a roller coaster ride in the evening, peaking at 949 during the US market, then pulling back to 919, a pullback of 3000 points, which may be to liquidate those who chased high multiples.
In the live broadcast, I shared with the brothers that we should buy at 925 and 915, and I bought at 925, reaching a high of 941, with a space of 1600 points to profit.
For many friends who are stuck in positions, I also gave corresponding advice: hedge at 925 and 915, without taking profit, just keep the capital loss; if it drops to 925, we need to consider hedging at 910.
With such a significant rise, it's better to avoid for now; don't be stubborn and keep shorting. If you can't fight, just join in. So today, I bought more.
Shorting might be better in early to mid-May. If this wave rises to 95, if it goes above 95, it will reach 98, just a step away from 100,000. With a nationwide holiday on May 1, there’s enough publicity hype; it's about to hit 100,000. The bull market is returning quickly, doesn't it feel like January this year?
In January, the bull market came, and everyone rushed in. What was the result? All contracts were liquidated, and spot trading was cut in half. Is this what we call a bull market?
So for those stuck in positions, don't be anxious. Control your positions and forced liquidation; there is a chance to come out. Friends who are in cash, remember to keep your bullets; only then can you have a chance to break even!$BTC
Good evening, brothers! I've been a bit busy these past few days, so I didn't update my posts in time, and I also didn't do a live stream last night. Tonight, we will have a normal live stream!
Let's talk about the market trends. Yesterday, from 87 to 94, a surge of 7000 points happened. Compared to last week, the volatility has significantly increased, and liquidity has taken a leap. Of course, during this surge, many bears suffered heavy losses, including myself. I lost over ten thousand dollars trading between 883-898 yesterday, which still stings a bit.
Now, most people are concerned about where this surge will go. Is a bull market back? Can we still short?
Let's answer these one by one. As for where it will go, guessing the top is impossible. If I really had to say, once it passes 92, it will hit 95, and once it passes 95, it will reach 98, but reaching 100,000 this month is extremely unlikely.
Is the bull market back? I can only say it isn't. In the short term, the accelerated surge is indeed strong for bulls. At the beginning of the year, it went from 890 to 110,000 in a week, and then similarly moved downwards. This time, from 744 to 944, it surged in two weeks, but once it reaches the critical point, it will also significantly pull back, which just requires time to develop.
Can we still short? The short-term structure has changed, and the bullish strength is strong. It's not that you can't short, but the cost-effectiveness of shorting has decreased. You can only take light positions. If you want to short, you can only do it with light positions. Try to wait for a pullback to buy. To say something hindsight, during this recent period, mindless buying has been profitable, and even if you get stuck, you can hold on, just like the previous one-sided decline. Shorting is the same; the market works this way, with both rises and falls having corresponding cycles.
As for today, the starting point for the large upward movement at dawn was 910. Holding this position to buy is now more cost-effective.
The upper dense range is 945, 950, 957, 965. The lower dense range is 933, 925, 910, 903. #加密市场反弹
My 883 short position is still open, the market trend is just like that, nothing much to say, I won't be live streaming tonight, so let me briefly mention a few points.
Pay attention to a few trends tonight: 1. Yesterday, after a rise to 88, it dipped to 86, so we need to watch for a second acceleration action around 86, somewhat similar to what happened at 84 earlier. Additionally, I mentioned the extreme level of 88 before; if it breaks above 88, we can't rule out the possibility of reaching 92, in which case we should consider opening a short position at 92, though I hope this situation doesn't occur.
2. If it continues to trade in this narrow range, it might go down again tonight, but if it continues to test the 86 level without extending downwards, consider buying near 86, and look for a rebound after midnight.
3. If it breaks below 86, further decline towards 84 is possible; of course, this is the ideal scenario.
Price movements are unpredictable, we only consider possible scenarios and make the most reasonable choices when prices change.
Pay attention to a few dense range levels tonight: above are 883, 895; below are 863, 851. These levels were mentioned in yesterday's post.
I won't be live streaming tonight, so just a reminder, for this 883 short position, the first take-profit point is still at 868, and then 863-860. If you want to maintain the structure, reduce positions to break even; if not, it's fine to exit.