During the period when BTC reached a new high of 123,300, ETH's movement was relatively slow. When BTC retraced and consolidated at a high level, ETH made a move, breaking through the first resistance level and directly impacting the upper boundary of the second resistance zone. However, based on previous trend analysis, ETH is likely to form a top structure near the current high point. It would be more prudent to wait for the structure to be confirmed before entering short positions... Everyone is welcome to leave their opinions in the comments!!!$ETH
BTC's rise and fall yesterday exceeded expectations, breaking below 121350, making it difficult to reach new highs in the short term. It is likely to enter a downward trend shortly. Whether the current position can form a small three-wave decline remains to be seen......$BTC
I have to say, the trend of this big pancake is quite in line with expectations. Since a breakout has already occurred, we should temporarily avoid considering shorting. There are no known structures above to provide reference, so it would be more cost-effective to enter short positions after a top formation appears. However, at the moment, there is also no opportunity to enter long positions, so we can only wait.
Tide_可乐
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The convergence of the pancake is still very standard. Combined with the previous trend, it should soon show a direction. Just hold on a little longer; the range fluctuations are the hardest to endure! $BTC
Perfect, directly surged to a new high, now let's see if it can stabilize and start an upward trend.
Tide_可乐
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The convergence of the pancake is still very standard. Combined with the previous trend, it should soon show a direction. Just hold on a little longer; the range fluctuations are the hardest to endure! $BTC
The convergence of the pancake is still very standard. Combined with the previous trend, it should soon show a direction. Just hold on a little longer; the range fluctuations are the hardest to endure! $BTC
Major institutions, MicroStrategy purchases BTC on exchanges and then transfers it to its own wallet. Over time, what will happen? This reminds me of a scene from the past, where everyone was transferring their coins from exchanges to their own wallets. How many partners have experienced this scene?
A simple analysis based on the trends of the past two days: 1. $BTC has strongly pulled back to the upper boundary of the channel near 98200, and has been consolidating at a high level for the past three to four days, showing a strong trend. The point where it shifts from strong to weak is below the middle axis of the channel; 2. $ETH's overall trend is relatively weak, with its position roughly the same as BTC, both at resistance levels and showing no signs of weakening. However, $ETH currently has a small ascending channel. If it breaks below the lower boundary at 2420, it could be a good opportunity to short.
Although I didn't wait for the best entry point for $BTC and $ETH before sleeping, I still made a profit by entering early! A few friends in the group stayed up until midnight, but I don't have the habit of placing limit orders, just lost a little bit...$BTC $ETH
Yesterday, the betting squirrel $PNUT was expected to break through directly, but it was brought down by the mainstream. If it continues to consolidate here, there may still be opportunities!!! $PNUT
In the end, I still committed the common mistake that most people in the industry make: 'not practicing what you preach.' Clearly, when the price was 108,000, I firmly believed it would go down and shorted it, but halfway through, I turned around and went long, losing all the profits from the short position due to the losses from the long position. It's tough~~~$BTC