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Ethereum was mentioned a couple of days ago, let's see if it can make a rebound this Saturday and continue to around 2800, the current price is 2418 with light positions, 2385 for additional defense, and 2375 for protection, the expectation is to hold until the weekend, Monday's monthly close has too many variables.
Bitcoin has been fluctuating at a high level as expected these past two days. It may seem weak, but in reality, there isn't much downward space. Still following the live broadcast idea, at this time node, I don't expect a big rise or fall. I am more optimistic about it fluctuating here or even making another push before heading down. Today is Saturday; the ideal low entry point is around 106,000 for buying, with a stop loss at 105,500, watching for opportunities.
With the ceasefire in the Middle East situation, Old Bao's statements have softened, and the market has strengthened its interest rate cut expectations. Bitcoin stopped falling at 98,000 and directly rose to 108,000. The daily chart has broken through from underwater to above water, forming a golden cross. Recent sentiment is also strong, so I might be more cautious about shorting. I will provide two short positions, depending on whether there will be an opportunity: short at 108,720 with a defense at 109,220, and short at 109,720 with a defense at 110,320.
Since Chuanzi took office, the Bitcoin market has been influenced by news, and gradually everyone has become accustomed to not studying the market but rather studying Chuanzi, trying to understand Chuanzi. Every time there is a rise or fall, people will dig into what news caused it. Conversely, before each rise and fall, even if the news drives a significant trend and direction, the market has traceable patterns. Instead of studying Chuanzi, it is better to stick to one's original intention and reasonably plan each trading strategy. This is certainly more reliable than guessing; persistently and firmly be oneself. Do not forget your original intention, and you will achieve your goals. The original intention is easy to obtain, but it is difficult to maintain the end. This is human nature, and trading is also the greatest test of human nature!
On Monday, we see a rebound in Bitcoin to 105,000, taking a perfect profit of 5,000 points with a long position, and establishing a short position at 105,400. I also posted last night mentioning that Old Powell's remarks are not that hawkish, and there is likely to be a wave of sentiment continuation. This morning, it just hit our replenishment position at 106,400, with an average price of 105,900 for the short position. As usual, we can deduct the cost of the replenishment, and the defense at 106,666 can remain unchanged. Alternatively, we can reserve a compensation position above and adjust the defense upwards, depending on your own position and actual situation.
On Monday, we expect Bitcoin to reach 105,000 and Ethereum to rebound to 2,500, with all long positions taking profit in the morning. Similar to the previous tariff issue, this time the situation in the Middle East has also come full circle, and we are once again faced with a choice. There is strong resistance at 106,600 above, and only a substantial breakthrough of 106,600 would indicate a continuation of the upward trend. Saturday, Sunday, and Monday are considered super trading days, and we expect a consolidation and correction in the range of 101,000 to 106,000 in the near future. When given the opportunity to catch the peak, I never miss it. I entered a short position at 105,400 for Bitcoin, with additional allocation reserved above, while the defense remains at 106,666. The possibility of a sharp and rapid rise continuing is too small.
This wave has been controlled again. Starting Monday, we are turning our attention to bullish views on Bitcoin at 105,000 and Ethereum at 2,500. Now Bitcoin is at 104,100 and Ethereum is at 2,350!
The strength of the rebound during the day is not very strong. The current situation in the Middle East is similar to the previous tariffs, with too much uncertainty and change. As long as the situation in the Middle East does not continue to deteriorate, it will eventually be digested like the previous tariffs, and Bitcoin may experience a decent rebound. If there is more shelling and the flames of war escalate, it may continue to trend downward. Currently, the market may be more cautious and observant. What we can do is to focus on ourselves; if there is space, we do not need to have too grand a vision. We should manage risk and position well, and leave the rest to time and fate.
Last week, Bitcoin and Ethereum were bearish all the way down, but started to rebound this Monday. Currently, neither Bitcoin nor Ethereum has reached an ideal position, but there is some space. Follow the pace and take as much as you can, at least these few waves won't get hit.
Ethereum started shouting short above 2500, and I mentioned yesterday that going long on Ethereum requires luck. When Bitcoin drops, it flows uncontrollably like a torn wound. The daily chart has shown four consecutive declines, and yesterday's drop to 2100 halted this significant downturn, shattering many people's hopes. Similarly, this wave of shorts has come to an end; let's watch for a rebound to 2500 and then assess whether to continue looking bullish.
Since last Wednesday, it has been hovering around 100,000. Over the weekend, as the situation in the Middle East intensified, Bitcoin dropped below the 100,000 mark, stopping at 98,000. Still the same saying, the overall trend remains dominated by bears. The daily close at 10,900 is a bit good. This week, let's first look for a rebound to 105,000 before continuing to set up short positions.
On Saturday, Bitcoin experienced a dip to 100800, then the buying frenzy drove it directly back up to above 103000. In this wave, we are short as we expect it to break below 100000, which I mentioned in a previous post. The current movement is somewhat similar to 2021, combined with the more cautious interest rate cut expectations from the Federal Reserve and geopolitical factors. In the future, we only need to do one thing for at least 3 to 6 months: short, short, short. The daily close is at 102000, expecting a rebound. I don't want to be too aggressive in shorting. I previously mentioned that we only consider a bullish continuation if it breaks above 106600. Here, we have moved the high point down, planning to build short positions around 104k during the day, with a stop loss set at 105600.
Expectations are high, but reality is a bit harsh. The 106k short is seeing through 9, last night 102200 stopped falling, and the larger support below at 101600 hasn't been broken, here it may continue to move sideways, the short position was closed at 103000, Bitcoin hasn't chased the long, entered a light position in Ethereum at 2400, let's hold and observe over the weekend.
Above 2500 is not rational to ignore the empty ether, but in reality, it is a small defense looking at another sky. The so-called unbreakable bottom is just a code that accelerates the unlocking.
It turns out the true god is here, the rebound of Bitcoin was 106000 the day before yesterday, and today it only reached this point, similarly this wave's high only saw 106600, the previous wave's high only saw 109000, two bottoms and two tops. This week perfectly concludes, every step is within my brush.