U.S. stocks plummeted, the cryptocurrency market fell sharply, gold dropped significantly, futures declined, mutual funds dropped, and currencies also fell!
Good evening everyone, I am Li Feng. Bitcoin has been consolidating for a day, and after the U.S. stock market opened, it made a big move. As I mentioned yesterday, rational people know that a pullback is on the way, and here it comes directly.
Tomorrow is Friday, whether it will be black or not is still uncertain. The continuous peak patterns of KDJ have now converged into three lines. The Bollinger Bands on the daily chart have shifted towards a narrowing pattern today, with the price currently near the middle band. The MACD bearish energy bars are increasing, and market sentiment is quite bearish. Here, I advise everyone not to blindly short. We are actually in an early stage of a bull market; although there are pullbacks, there is also a lot of positive sentiment, so there is not too much concern about breaking down. Strong support is at 70500, and the watershed is at 69500. The probability of a one-time drop below is low. In my view, the overall trend still remains bullish.
I remain bullish on Bitcoin tonight, looking for longs around the 70600 area, which is a point for swing trading, with targets set at 72600-74500. The watershed defense level is our last stubborn point at 69500.
That's all for now, keep an eye on the market, stick to your ideas, and I wish everyone success. For those who are trapped, feel free to leave a comment.
Duodan has stopped profit on all lines. In this market, you need to have your own set of trading plans. Li Feng Shipan guides Gendan at night. Let's hit the bank together! #大A香还是大饼香 #美国大选如何影响加密产业? #BTC☀ $BTC $ETH
The current price of the pancake is 97500. From the recent trend, it is clear that all indicators are contracting. The shipping period has entered a slow bull phase and is beginning to stretch slowly. Whether you are long or short, it is easy to get washed out at this time. Operation suggestion: prioritize holding onto your chips.
Looking at the technical indicators, the daily K-line is consolidating at a high level, the EMA15 trend indicator has reached 94000, and the MACD is narrowing downward. The daily K-line has formed a small upward line with a long lower shadow, indicating that there is certain buying support below. The four-hour Bollinger Bands are in a contraction phase, and the coin price is operating in the upper-middle band range. Continuous downward pressure in the shipping period has begun to show signs of turning around. The main force appears to be consolidating but is actually starting to exert force, and the bullish trend remains unchanged.
I want to climb step by step, waiting for the 'bull market' while quietly watching your face
As mentioned on Friday, that wave of pullback was just the bull lowering its head to eat some grass; it hasn't run away. The current price is 77300, and the strategy given by Li Feng is still valid. You can continue to enter the market by following the trend after a pullback to support. Everyone understands that persistent attacks on resistance levels will eventually break through, indicating that the bullish sentiment above is still strong. Let's take a look at today:
First, from the price trend analysis, the current candlestick pattern shows a clear upward trend, especially from Thursday to Friday, where the price rose from 75580 to 76895. The high points have been gradually increasing from the day before until small pullback signs appeared in the early morning of the 10th. The four-hour Bollinger Bands are showing a diverging pattern, and after breaking the upper band, the price returned to the middle band range for operation. Today, it will mainly be about adjustment and fluctuation, mainly focusing on the nighttime volatility. The relative strength index (RSI) is hovering around 70, close to the overbought zone, so there is a high probability of a short-term pullback before continuing to rise.
Today's short-term reference suggestion: Around 77500, target 75800 Pullback to 75600, target 78600#BTC创历史新高 #大盘的下一步? #BTC☀ $BTC
李峰-达人
--
Bullish
Last night, the pancake reached a new high again. This strong rebound is telling everyone that the bull is just lowering its head to eat a bit of grass and hasn't run away.
The Federal Reserve announced a 25 basis point interest rate cut to 4.5-4.75%. Inflation continues to move towards the target, providing support for the rise, so it is still a bullish trend.
From the daily chart, yesterday closed with a candlestick with both upper and lower shadows. The key focus is on the situation after the U.S. stock market opens. During the day, the Asian and European markets mainly showed oscillation, lacking directional selectivity, and we may still need to wait for the U.S. stock market opening to lead the way. The four-hour Bollinger Bands are trending upwards, with the price operating in the middle to upper band area. The MACD bullish energy bars continue to expand, and the belief in a long-term bullish outlook should be firmed up, with the cycle being extended. Currently, the one-hour chart has not yet seen a bottom, and there is a high possibility of continued oscillation during the day. Watch for a pullback around 74500; as long as it does not break, any intraday pullback is an opportunity to go long again.
Reference Suggestions Go long in the 74500-75200 range, with a stop loss at 73800 and a target of 78600.
Go long on Ethereum at 2870-2900, with a stop loss at 2820 and a target of 3050.
Last night, the pancake reached a new high again. This strong rebound is telling everyone that the bull is just lowering its head to eat a bit of grass and hasn't run away.
The Federal Reserve announced a 25 basis point interest rate cut to 4.5-4.75%. Inflation continues to move towards the target, providing support for the rise, so it is still a bullish trend.
From the daily chart, yesterday closed with a candlestick with both upper and lower shadows. The key focus is on the situation after the U.S. stock market opens. During the day, the Asian and European markets mainly showed oscillation, lacking directional selectivity, and we may still need to wait for the U.S. stock market opening to lead the way. The four-hour Bollinger Bands are trending upwards, with the price operating in the middle to upper band area. The MACD bullish energy bars continue to expand, and the belief in a long-term bullish outlook should be firmed up, with the cycle being extended. Currently, the one-hour chart has not yet seen a bottom, and there is a high possibility of continued oscillation during the day. Watch for a pullback around 74500; as long as it does not break, any intraday pullback is an opportunity to go long again.
Reference Suggestions Go long in the 74500-75200 range, with a stop loss at 73800 and a target of 78600.
Go long on Ethereum at 2870-2900, with a stop loss at 2820 and a target of 3050.
Who will win? The U.S. election is about to reach its conclusion.
Breaking news! Breaking news! Breaking news!
The 2024 U.S. election seems to hinge on Pennsylvania. If Trump wins Pennsylvania's 19 votes, it's 287 to Harris's 251; if Harris wins Pennsylvania's 19 votes, it's 270 to Trump's 268. 1. Pennsylvania's 19 votes can determine the outcome; Trump and Harris are fighting fiercely for them. 2. Trump's approval rating is rising; his charm remains unchanged. 3. Harris's strategy replication has failed; voters are no longer swayed by it. 4. The ruling party lacks achievements; voters are well aware. 5. Debate rhetoric is just decoration; voters want tangible benefits.
Come come come, today Li Feng will first discuss the major events that we small investors believe are worth paying attention to. Tomorrow marks the decisive moment of the 2024 U.S. presidential election, with the results set to be announced at 6 PM Beijing time. Currently, Harris and Trump are each holding 49% support, and the swing states are really unpredictable, making the election situation quite dazzling. Until the election results are in, we must ensure strong defensive measures in our operations.
Yesterday morning, I also mentioned in my article that the short-term trend would first stretch before pulling back to the 66500-67500 range, and as expected, it pulled back to a low of 66835 before rebounding.
Looking at today, the opening price on the 4-hour chart has rebounded as expected from the EMA160 support to the current middle band and EMA7 position. The upper Bollinger Band is rising, and so is the lower band. The EMA moving averages are still in a bullish arrangement, just as Li Hui said, it is merely a pullback on a shorter timeframe, especially not to chase shorts before the election; therefore, the current upper pressure also needs to consider the EMA30 and EMA60 and the upper band range pressure, which aligns with the upper pressure on the 1-hour chart; the MACD is once again reducing volume below the 0 axis, approaching the 0 axis position. The DIF and DEA, after failing to converge yesterday, are testing convergence again today; we should watch for the potential formation of a golden cross. Once formed, 69200 will no longer be a pressure point; if it pulls back to 68000 to the middle band support, we can look to enter long positions.
Reference suggestions Buy near the pullback at 68200, add at 67500, defend at 66800, with a target upward at 69800, and a breakout target at 71500#美国大选后涨或跌? #11月市场预测 #BTC☀
The darkest hour is often just before dawn. On the path to pursuing dreams, you are never alone; I am here with you. A new week begins, let us embark on the journey of stockpiling.
After the market opened today, the bulls have not given up and are still trying to test the resistance level. The MACD is contracting downwards, leading to a high-level dead cross between DIF and DEA. Now we just wait for it to spread downwards. The Bollinger Bands are contracting, and the K-line has broken below the middle track of 68700, currently positioned above the middle track support. The relative strength index (RSI) is now hovering around 40, close to the oversold area but has not yet entered extreme oversold territory, indicating a possible technical rebound. It's advisable not to rush into the market; wait for the right opportunity.
Reference suggestions: Buy near 69500, defend at 70300, target 68000, if broken look at 66500.
Buy near 68200, defend at 67400, target 70800.#美国大选后涨或跌? #非农就业人数大幅降温 #BTC☀ $BTC
The darkest hour is often just before dawn. On the path to pursuing dreams, you are never alone; I am here with you. A new week begins, let us embark on the journey of stockpiling.
After the market opened today, the bulls have not given up and are still trying to test the resistance level. The MACD is contracting downwards, leading to a high-level dead cross between DIF and DEA. Now we just wait for it to spread downwards. The Bollinger Bands are contracting, and the K-line has broken below the middle track of 68700, currently positioned above the middle track support. The relative strength index (RSI) is now hovering around 40, close to the oversold area but has not yet entered extreme oversold territory, indicating a possible technical rebound. It's advisable not to rush into the market; wait for the right opportunity.
Reference suggestions: Buy near 69500, defend at 70300, target 68000, if broken look at 66500.
Originally thought the weekend would continue with sideways fluctuations and adjustments, but alas, the 🐩 institution couldn't stand the silence and directly broke the support level. Did anyone enter the factory early yesterday? Let's chat in the comments about how much was made.
There are two days left until the beautiful country's election, and the 'Trump trade' sentiment has taken a sharp turn, causing a plunge in the social media company under Trump's umbrella, significantly reducing his net worth.
At this point, it is still too early to make a definitive conclusion about who can make it to the end. In terms of influence in the crypto space, a Trump victory is bullish, while a Harris victory is bearish.
Looking at the technical aspects, Bitcoin's daily chart showed a pullback yesterday, retreating from a high of around 69,950 to a low of around 69,000, closing around 69,400. The support level is near the trend line, and if it breaks, we can look towards the MA30. A pullback can be an opportunity to buy near that area, while the resistance level is near MA7.
The four-hour Bollinger Bands are trending downwards, with the price positioned in the middle-lower band range. The daytime remains in a sideways fluctuation, and the MACD is increasing in volume, forming a dead cross. The recommendation is to focus on high short positions, with low short positions as a supplement.
Reference suggestions: Long on 68,800, add positions at 69,200, protect at 69,800, with a short-term target at 67,800. If it breaks, look down to 66,500. #美国大选后行情预测 #美国大选后涨或跌? #BTC☀ #ETH🔥🔥🔥🔥 $BTC $ETH
Last night's market activity was truly thrilling and exciting, with non-farm data combined with violent market fluctuations, leading to a back-and-forth pinning rhythm in the market, with a volatility of over 2600 points. A moment's inattention could lead to being trapped (need to escape, see comments section 999). Recently, the market has been influenced by various news data, and like many others, I basically haven't had a good night's sleep this week. Internally, capital leaders control the market, and externally, macro factors are at play; we must be sure to follow the trend and be well-prepared defensively. This market is not about who makes more trades, but rather who can go further.
As the weekend market slows down, it tested the 68800 level again at midnight without breaking through, and the upward movement faced resistance. The four-hour chart also shows a clear top-bottom exchange, so in the short term, 68800 has formed a strong resistance level, making breakthroughs difficult. Meanwhile, with data as support, the market rose to 71600 under pressure, and the weekend market slowdown makes breakthroughs challenging. The daily structure shows a continued downward trend in pullbacks, with three consecutive bearish candles. The upcoming U.S. election is imminent, and the weekend will undoubtedly be the calm before the storm, with the election results remaining uncertain; we will wait for the news to adjust our direction afterwards.
Reference suggestions: (Drink tea, or go fishing is fine too)
Bitcoin around 70500, defend at 71200, target down to 68800.
Ether in the range of 25400-25200 short, target near 2490.
The non-farm data is out, expected 11.3 to report 12,000, which is a 10 fold difference, it's really absurd!
US stocks opened, Bitcoin welcomed a small stretch, the key point to watch at night is 71500, which is the target point I mentioned at noon, if it can break through, Bitcoin may really迎来历史新高.
In terms of operation, I think we should not chase the short, after the morning opening, it dropped sharply, started to rebound in the afternoon, (as expected entering the multi-order pre-position) the amplitude is not large but there are no signs of decline. Coupled with the release of non-farm data, the volatility is relatively poor for the Asian and European sessions, there is no need or condition for bad news.
Trump Technology Group (DJT) stock price plummets, US stocks and Bitcoin hit the brakes, and I begin to doubt whether we have overly romanticized the bull market after Trump's election. After a night of intense trading, I still exited with a small loss of 1,000 points in the morning.
Yesterday, Trump was still on Twitter "enthusiastically congratulating" Bitcoin on its 16th anniversary, claiming he would end Harris's "war" on cryptocurrencies, and even threatening to "make Bitcoin in America." He didn't forget to add, "Vote for me!" His intention to become the 'big brother' of the Bitcoin world is obvious.
What was even more jaw-dropping was that overnight, Fox News surprisingly "turned" against him, with public polls showing Harris actually leading Trump in several key states. This sudden reversal raises doubts about whether the wind has truly changed or if Fox is playing some new tricks.
At this stage, Bitcoin has dropped all the way back to the bottom of 68,800 and has started to stabilize at a low level during the day. In the short term, there hasn't been a clear signal of a bottom yet, and from a daily perspective, there is still some bearish space at the bottom to continue. The only thing we need to be aware of is that in the short-term day trading phase, there is a high probability of a slight recovery trend; it’s not advisable to hastily enter a short position. It’s still recommended for everyone to wait until the pressure near the top and bottom conversion position before entering a short position. Alternatively, wait for the next support at a lower point to enter a long position with a spike.
Reference suggestion: Buy on dip near 69,100, add at 68,800, protect at 68,200, target upwards at 71,500 #美国大选后行情预测 #下一BTC历史新高是多少? #BTC☀ $BTC
Latest Cryptocurrency News: Zhao Changpeng says 2024 will be a 'recovery year'; historically, the year following a recovery year has been a bull market.
1. Trump: Congratulations on the 16th anniversary of the Bitcoin white paper. Former U.S. President Trump posted on social media platform X: 'I want to wish our great Bitcoin enthusiasts a happy 16th anniversary of the Bitcoin white paper. We will end Harris's war on cryptocurrency, and Bitcoin will be made in America! Vote for Trump!' 2. If Bitcoin falls below $70,000, the cumulative liquidation intensity of long positions on mainstream CEXs will reach $1.97 billion. According to Coinglass data, if Bitcoin falls below $70,000, the cumulative liquidation intensity of long positions on mainstream CEXs will reach $1.97 billion; conversely, if Bitcoin breaks above $73,500, the cumulative liquidation intensity of short positions on mainstream CEXs will reach $1.2 billion.
Trump Technology Group (DJT) stock price plummets, US stocks and Bitcoin hit the brakes, and I begin to doubt whether we have overly romanticized the bull market after Trump's election. After a night of intense trading, I still exited with a small loss of 1,000 points in the morning.
Yesterday, Trump was still on Twitter "enthusiastically congratulating" Bitcoin on its 16th anniversary, claiming he would end Harris's "war" on cryptocurrencies, and even threatening to "make Bitcoin in America." He didn't forget to add, "Vote for me!" His intention to become the 'big brother' of the Bitcoin world is obvious.
What was even more jaw-dropping was that overnight, Fox News surprisingly "turned" against him, with public polls showing Harris actually leading Trump in several key states. This sudden reversal raises doubts about whether the wind has truly changed or if Fox is playing some new tricks.
At this stage, Bitcoin has dropped all the way back to the bottom of 68,800 and has started to stabilize at a low level during the day. In the short term, there hasn't been a clear signal of a bottom yet, and from a daily perspective, there is still some bearish space at the bottom to continue. The only thing we need to be aware of is that in the short-term day trading phase, there is a high probability of a slight recovery trend; it’s not advisable to hastily enter a short position. It’s still recommended for everyone to wait until the pressure near the top and bottom conversion position before entering a short position. Alternatively, wait for the next support at a lower point to enter a long position with a spike.
Reference suggestion: Buy on dip near 69,100, add at 68,800, protect at 68,200, target upwards at 71,500 #美国大选后行情预测 #下一BTC历史新高是多少? #BTC☀ $BTC
Don't judge the top and bottom of the market. Trading can only last long. You must follow the trend.
Just like what I mentioned in yesterday’s article, I believe in Kong but dare not practice it.
The callback long order of 71800-72000 was given at noon, Shipan entered the market simultaneously, and the pie rose to a maximum of 73672, which is almost the same as the target point. Congratulations to my friends.
On the last day of "Silver Ten", this month's strategies and current price orders are open and transparent across the entire network, with a winning rate of over 95%. If you like it, please give it a follow, thank you! #BTC突破7万大关 #BTC☀ $BTC
李峰-达人
--
The 72,000 that I have been thinking about has been successfully broken through at night, and the bull market seems not far away.
Li Feng mentioned a few days ago that it was only in these few days that the big cake broke 72,000. Recently, some things happened around me, which resulted in the post not being updated in time. I will tell you later when I have time.
The upward pattern of the current market has been formed, and the market has successfully tested a new high. At present, the US dollar, US stocks and currency circles are all maintained at high levels. The Federal Reserve and the US Department of Labor rely on the data of the past six months to barely support the situation. The reason behind it is not difficult to understand: the US stock market maintains a high level for votes, and the high level of the US dollar is to prevent capital outflows caused by interest rate cuts.
From the technical perspective, after Bitcoin surged last night, the daily line closed with a positive upper shadow near 62,700. The real K line did not stand above 73,000, and the selling pressure near the previous high was severe. In addition, the MA moving average indicator shows that the 7-day and 10-day moving averages are both aligned upwards. However, the market will rise rapidly in the short term, and there will be a process of retracement and consolidation. Pay attention to the support of the moving average below, with a reference of 69500.
The 72,000 that I have been thinking about has been successfully broken through at night, and the bull market seems not far away.
Li Feng mentioned a few days ago that it was only in these few days that the big cake broke 72,000. Recently, some things happened around me, which resulted in the post not being updated in time. I will tell you later when I have time.
The upward pattern of the current market has been formed, and the market has successfully tested a new high. At present, the US dollar, US stocks and currency circles are all maintained at high levels. The Federal Reserve and the US Department of Labor rely on the data of the past six months to barely support the situation. The reason behind it is not difficult to understand: the US stock market maintains a high level for votes, and the high level of the US dollar is to prevent capital outflows caused by interest rate cuts.
From the technical perspective, after Bitcoin surged last night, the daily line closed with a positive upper shadow near 62,700. The real K line did not stand above 73,000, and the selling pressure near the previous high was severe. In addition, the MA moving average indicator shows that the 7-day and 10-day moving averages are both aligned upwards. However, the market will rise rapidly in the short term, and there will be a process of retracement and consolidation. Pay attention to the support of the moving average below, with a reference of 69500.
Where shall we meet? Two leaves floating in the ocean
In the past few days, the market has not shown a one-sided trend, but rather a back-and-forth oscillation. The rhythm is not as clear as previous trends, accompanied by range washing and sharp drops and rises. However, it ultimately recaptured lost ground and rebounded, accompanied by relatively heavy pressure sentiment. At this point, rational judgment is needed.
Looking at the technical aspect, the four-hour Bollinger Bands are narrowing and testing. The subsequent momentum is weakening, and the current price is around 67000, in a phase of adjustment and consolidation. The broken line touches the daily mid-line and rebounds, with support not being broken below. In the short term, both bulls and bears are beginning to get stuck, and various moving averages and supplementary indicators are gradually flattening out, indicating that the consolidation phase is expected to continue for some time. The operational suggestion is to buy on the dip.
Reference Suggestions: Buy Bitcoin on dips at 67200-67400, add at 66700, target 68800 Buy Ethereum on dips at 2460-2440, target 2550 #美国大选前行情观察 #加密货币市场持续震荡 #BTC☀ #ETH🔥🔥🔥🔥 $BTC $ETH
Where shall we meet? Two leaves floating in the ocean
In the past few days, the market has not shown a one-sided trend, but rather a back-and-forth oscillation. The rhythm is not as clear as previous trends, accompanied by range washing and sharp drops and rises. However, it ultimately recaptured lost ground and rebounded, accompanied by relatively heavy pressure sentiment. At this point, rational judgment is needed.
Looking at the technical aspect, the four-hour Bollinger Bands are narrowing and testing. The subsequent momentum is weakening, and the current price is around 67000, in a phase of adjustment and consolidation. The broken line touches the daily mid-line and rebounds, with support not being broken below. In the short term, both bulls and bears are beginning to get stuck, and various moving averages and supplementary indicators are gradually flattening out, indicating that the consolidation phase is expected to continue for some time. The operational suggestion is to buy on the dip.
Reference Suggestions: Buy Bitcoin on dips at 67200-67400, add at 66700, target 68800 Buy Ethereum on dips at 2460-2440, target 2550 #美国大选前行情观察 #加密货币市场持续震荡 #BTC☀ #ETH🔥🔥🔥🔥 $BTC $ETH