Let's get started, babydoge is currently around 0.0024, you can go long and keep a position for averaging down. There are signs of a bottoming out in the smaller time frames, and it hasn't really bounced back much. Just wait for a wave of acceleration and a big surge to take off, aiming for new highs isn't too much to ask, right?
The code is troy, the small level has already started to shoot, currently near the price of 0.0044, lightly open a long position, it has been oscillating for several days and the selling pressure has been almost digested, there are signs of another rise!
The code is here, turbo can be bought around the current price of 0.0090, just leave a position for additional purchase. There are signs of another rise in the small timeframe, and once it rises again, the resistance line needs to be broken. Mainly, it hasn't really caught up!
Yesterday, the net inflow of Bitcoin ETF funds was approximately $620 million, while the Ethereum ETF attracted about $52 million in net inflow.
After months of volatility, Bitcoin has once again broken through its historical high, currently standing firm above the $70K mark. As the market often says, 'the longer the sideways movement, the longer the vertical movement', whether Bitcoin can break through the previous high of $74K and reach $100K in the future remains a question, but the target starting with 8 is still full of potential.
Alts three times 230, but alts/btc is getting lower and lower. Eth three times 2800, eth/btc is also getting lower and lower. So currently, we are far from altcoin season, and the vast majority of alts + eth's rise cannot keep up with btc. The trend of altcoin season has not developed yet, and for now, we can only say that alts/btc and eth/btc show signs of halting the decline. Only a few seem strong, and they have not yet experienced a pullback. During the pullback process, who withstands the decline is more important.
I have to apologize to $ETH again; yesterday I said it wouldn't do well, but today I was slapped in the face by its strong rebound. It seems we need to hold steady at 2800 to start the altcoin market.
Daily long-term predictions get criticized, so I'll give you a super short one. Looking back, I made this trade, entering a short position at 74850 and taking profit at 73680. For the long position, I took profit at 75200, and I'm temporarily watching.
Good news has landed, and the market has adjusted back normally. For the next market, low-long and high-short hedging is still the best.
Low-long:
BTC needs to enter a long position when it falls back to 74155-73800. For those who still have long positions yesterday and in the morning, the cost is low, and they can be replenished in batches when it falls back to 74000-72800. Defend your own cost average price, reduce positions by 15% when it falls below, and take them back in batches below 73000. Long positions can directly reach the upper target of 76600-77700.
ETH enters long positions when it falls back to 2572, 2560, and 2536. Defend 2512. If it falls below, reduce positions by 25%, and take them back at 2496-2482. Target 2660-2685.
Sol will enter the first position at 184.50-181.50, and enter the long position at 178.50-174.50, with the target of 193-196.
High:
BTC defends 76000, if it rises and breaks, reduce the position by 20%, and then go to 77650 to take it back, and stop profit at 75600.
ETH is short at 2596 today, and stop profit at 2572-2560, and then go short at 2626 (secondary ant position), 2666, 2682, and stop profit at 2626. Defend 2699, and reduce the position by 20% if it rises and breaks, and take it back at 2720.
Sol went short a little early this morning, short at 183.50, need to cover one hand at 187.50-188.50, and close at 184.25-181.65. Then go short at 193.50-194.25, and take profit at 188.85-186.50.
ALTS/BTC Market Capitalization Rate Continues to Decline, Market Hot Money Still Not Paying Attention to Altcoins
Currently, the ALTS/BTC market capitalization rate continues to show a stable downward trend amidst the rise of Bitcoin, indicating that the funds in the market are still concentrated on Bitcoin, and the attractiveness of altcoins is relatively weak.
However, we are getting closer to our expected bottom area and the starting point for the seasonal rebound of altcoins. Therefore, I will continue to remain patient and wait for the right entry opportunity. It is expected that the market may welcome a new turning point after this week's FOMC meeting.
Since the opening of the US stock market yesterday, Trump's approval rating has remained high. $BTC has directly broken through the resistance at 69200 and has risen steadily. The fluctuating funds have re-entered the market just to see the situation where Trump's victory probability leads to a surge. After seeing altcoins drop yesterday, they were pulled back, just as I told everyone that the current market is just one piece of news away from exploding. Let's go!
To be honest, the situation of being significantly ahead from the beginning doesn't feel great in my subconscious, because in 2016 and 2020, Trump won when he was initially behind, and lost when he was initially ahead...
If my memory serves me right, being significantly ahead from the start always makes people a bit worried about being overtaken...
Anyway, staying neutral, I hope to maintain the lead throughout this time!
Many people would say that it is a liquidation and zero return, but in my opinion, this is a good thing. A liquidation and zero return indicates that the gambling nature is too strong and it is not suitable for trading. It is actually a good thing to recognize this early and leave the market early.
For normal traders, the most uncomfortable result is that the position falls into unnecessary fluctuations. The price always turns around the cost line, and it is difficult to operate the stop profit and stop loss, which makes it difficult to advance or retreat.
How to do it? I asked several trading bosses.
Bai X, a big boss of Hong Kong index futures who has made 100 times in one year: If the position fluctuation exceeds the trading level, exit the market directly and wait and see, and re-formulate the trading plan.
Zhang Xshi, a big boss who won the lightweight and heavyweight awards in the three domestic futures competitions: When the fluctuation is upgraded, change the position at any time, use the quantitative system to find the mark in the breakthrough structure, and force the position to change.
My answer: Under the condition of conditional monitoring, you can keep the position. If the central axis is upgraded to the ninth stage, you can chase the position 1-2 times. If you don’t have time to monitor the market, just run away.
On the 4-hour chart, the current central range is 69500–68830. Although the downward divergence led to a pullback, the lows continue to decline and have failed to form an effective high, thus the central focus remains biased downwards.
The possible future movements are divided into two scenarios:
If it breaks 69500, the market may further rise and test the 71300 area, which is a low probability event. Attention should be paid to the continuation of the upward trend on the 30-minute chart. If it breaks, it is expected to continue up to the 4-hour level.
If it is blocked within the range of 68830–69500, and if the divergence phenomenon is digested, the market may continue to decline, targeting a test of 65900, which has a higher probability of occurring.
As the results of the U.S. election draw near, market sentiment is becoming more volatile, and the current price of Bitcoin has risen due to sentiment-driven factors. According to existing ballot data, the Trump camp, which supports Bitcoin, holds an advantage, and this favorable factor may drive Bitcoin's price further upward in the short term.
In the long term, the market bottom has basically been established, and there is ample room for future increases, with strong upward potential.
The current price is approximately 0.0073, and it is recommended to position around this price level, with the first target price set at 0.014.
After falling below 67k, it turned back and stabilized temporarily. As long as it continues to hold at 67k, there will be a good rebound. If it can't hold, it may be a blunt knife cutting meat and falling little by little. I hope it won't fall down. This is good for both shorts and longs, and it won't be dead. It's comfortable to trade with repeated waves.
$ETH has become even weaker, dropping below the support level of 2450 to a minimum price of 2357. If it does not break through 2450, it can only focus on short positions, with further support at 2320-2210, which is simply hopeless.
The ETHBTC exchange rate continues to hit new lows, and E-series coins are struggling as well.
The current dead cat bounce of ETH is weaker than that of April-May 2021, and there is already a monthly death cross. If we were to draw an analogy, it should bounce back to around 3k.