Last week, the entire financial circle was filled with the atmosphere of Trump's trade tariffs, and the cryptocurrency circle was no exception. Driven by the news, it broke through 77,000, causing a lot of players to panic excessively, all wanting to exit the market! In fact, looking back at our previous articles, we have always indicated that after breaking 99,200, the market entered a normal downward trend. It was just that old Trump stirred things up and caused the major cryptocurrency, which shouldn't have broken 77,000, to dip due to the news. After a slight easing, isn't Bitcoin still entering its operational track again? Now, let's return to the technical analysis!
After a week of consolidation due to events, Bitcoin is once again approaching the minor resistance level of 86,500. Multiple cycles and indicators are already on the path of being repaired. Currently, Bitcoin's resistance levels are 88,000/91,500/94,000 (reversal points). Last night, the weekly close was also quite good. Early in the morning, detailed technical indicators were analyzed in the internal group. This week will still mainly focus on wide fluctuations, with opportunities to push towards 88,000, then revert back to 84,100/82,800/80,800 (break point, continuing to watch for a large double bottom to form) to prepare for a rebound in May. Moreover, the later it goes, the easier it is to form a reversal. Once it breaks through 94,000, Bitcoin will welcome a new wave of significant growth. We won’t predict the price here, 110,000 is possible, 130,000 is possible, and 150,000 is also possible. We will take one step at a time and look three steps ahead!
Ethereum's rebound this time is the weakest among the top ten cryptocurrencies. The criticism towards Ethereum is increasing, which is normal. Still, the same saying goes, Ethereum is still that second place. Before the second place shows its strength, feel free to criticize! Once the second place wakes up, it will be the lion returning! Currently, the pressure levels are 1,730/1,820, with hopes of pushing through this range this week, then upwards to 1,950/2,020, 2,200/2,400/2,720 (reversal points). To be honest, there are too many levels Ethereum needs to break through, and because the spans are too large, but this is also an opportunity, depending on individual understanding. Support levels are 1,560/1,480. If Trump doesn't create chaos, and Bitcoin moves normally, it will be very difficult for Ethereum to break a new low!
Other major cryptocurrencies: This round, SOL and BCH had the strongest rebounds, and others also followed normally. As a unilateral trend approaches, everyone should avoid touching small altcoins. For the top ten by market capitalization, just allocate some based on the overall market without further analysis here! $BTC $ETH $SOL
The cryptocurrency space is increasingly stabilizing, especially after last August's major drop, which became more evident. Last November, the market broke 109,000, and Ethereum surged above 4,000, creating a false sense of prosperity in the cryptocurrency space, as many altcoins had violent surges (ranging from 1-3-5 times). However, in April-May of this year, Bitcoin and Ethereum's synchronized rise has been quite impressive, with Bitcoin breaking new highs and Ethereum doubling from its bottom! Yet the entire cryptocurrency space remains silent, stagnant like a still pond! The reason behind this is that many players are still immersed in the fantasy of altcoins, still acting like the frog in warm water! Thus, we at Bisheng truly consider ourselves to be prophetic, always accurately grasping the evolution points of the cryptocurrency space, and continually urging Bisheng’s family to change their thinking! Those family members who heard this early must have already jumped out of the warm water zone!
In the middle section, we briefly discussed the general direction, so let's do some detailed analysis next!
Bitcoin: On May 23rd, after breaking a new high, it entered a few days of pullback, and then on the 27th, the rebound did not achieve a sustained effective breakthrough, forming a small cycle level double top pressure. This is also one of the reasons why I warned about risks on the 28th! But Bitcoin is ultimately still Bitcoin. I often say that Bitcoin has its own path to take. Even if this round of market is ending, it won't plummet like altcoins! It will definitely give us a chance for a second top, a third top to take profits and exit, which is why I have been calling for everyone to return to value, stay away from altcoins, stay away from scam coins, and stay away from contracts! Only Bitcoin has candlestick charts, only Bitcoin can continue trading in the long term!
Looking at the monthly chart from the past few days, June is likely to become a controversial month. How do we understand this statement?
First, there is a high probability that June will have the opportunity to break new highs again, but at the same time, it will definitely peak in June! This means reducing positions to clear out.
Second, the rebound in the first half of this month was not strong enough, stopping below the previous high, which means a major double top formation! Then we will enter a long downward trend!
In summary, if it's the first scenario, we can basically free up some time for Ethereum to lead some smaller coins to perform (just to touch on it)! If it's the second scenario, then Ethereum will have no room to perform, let alone the smaller coins; Ethereum will also have to withdraw in sync with Bitcoin!
Ethereum: At the end of last month, it first broke through from 2685 to 2788, but due to the pullback of Bitcoin, it could not stabilize. Here’s a saying for everyone: The arm (Ethereum) can't twist the thigh (Bitcoin)! Don’t expect other smaller coins to have an independent market when Bitcoin is unstable! Fortunately, Bitcoin's short-term pullback at the beginning of the month was in place, and the weekly close was mediocre. There is a chance for a rebound at the small cycle level, which is why Ethereum has another chance to breathe; let's see if Ethereum values it! If it quickly breaks through 2685 and stabilizes again, and if Bitcoin doesn't act erratically, Ethereum is expected to have a small independent breakout market, reaching around 2930-3200, which is still possible! But it is also essential to emphasize the importance of taking profits at the top!
The above is purely personal opinion and does not constitute investment advice! The cryptocurrency market has risks, and investment should be cautious!
Analysis of the Market on June 3rd by Bi Zhuge (Part 2)
In the previous part, it was mentioned that as long as you follow this wave, the returns won't be too bad. But many people will ask, what should we do now? Will the market still rise? Do we need to take profits? The answer is that we definitely need to take profits this month. There is no market that always rises, nor one that always falls. We should just grasp the relative starting points for rising and falling, and in between lies the fruits we can harvest! Now, let's return to the market and analyze this month's trend from a technical perspective! Actually, on the 28th of last month, I already hinted in the member group about the personal viewpoint that we could appropriately reduce positions, and said to wait for the monthly close before considering further actions. I remember at that time Bitcoin was over 109,000+ and Ethereum was over 2,680+. Those family members who listened basically avoided the pullback at the end of the month! Of course, for those who didn't reduce their positions at the end of last month, is there still a chance to escape the peak this month? The answer is that there is a high probability of another opportunity to escape the peak!
On the evening of June 1st, we provided a detailed market analysis to our family members during the live meeting. This month is basically about using small cycle-level rebounds to reduce positions to cash out! As for where to reduce and when to do so, we can't discuss it further, as the K-line is generated from the market. Currently, we are in the beginning stage of a rebound and it hasn't fully peaked yet, so there is still a chance to push further. As for whether Bitcoin can continue to break new highs, we just need to observe the upward momentum in the near term. If it quickly breaks through 109,000, there may still be a chance to hit a new high again. But regardless of how high it goes, this month will still focus on reducing positions and cashing out, getting cleaner and cleaner! Don't go away, there's a part three coming up, and it's even more exciting...
The above is purely a personal viewpoint and does not constitute investment advice! The cryptocurrency market has risks, and investing requires caution!
Bi Sheng family, thank you for your patience! Before analyzing the market, let's conduct a survey first. For those who followed the trend from April, Bitcoin at 77,000-74,000 and Ethereum at 1,500-1,400, please comment your 1319 in the comment section! For those who missed out, it's unfortunate to have missed this opportunity, but don't miss out on future trends! Anyone who understands Bi Sheng and keeps up with us should know that we've been reminding everyone since March that April was a layout opportunity, May was a harvest opportunity, and June is basically the afterglow! In other words, as long as those who believe in Bi Sheng's technology stick with us, the returns this time should not be lower than 50%. The only worry is if there are no choices; believe first, then see, otherwise there's nothing we can do! Bi Sheng only helps those who are destined and fortunate! (For new friends who just followed us, please don't rush to comment with hindsight remarks, first check the previous articles and then make evaluations to avoid causing misunderstandings)!
Currently, the market is basically moving along the path we expected, Bitcoin has successfully broken through new highs, finally surpassing the 110,000 mark, and Ethereum has perfectly doubled from the bottom, so stop criticizing Ethereum. To be honest, based on the stages of the market, Ethereum's returns have already outperformed Bitcoin (we won't elaborate on this here)! The process has been quite tortuous; for players who don’t understand technology, it can feel like a roller coaster, and many have been frustrated by Ethereum, so it's understandable that many criticize it! However, for those who understand technology, they love Ethereum the most, as big fluctuations lead to big gains. Wouldn't you agree? Recently, I've also seen fans leaving comments on previous articles asking when Bitcoin will reach 130,000 or 150,000? When will Ethereum break through 3,200-3,500? Is there still a chance for new highs? The upcoming articles will provide answers, so stay tuned! Don't go away, please look forward to the next post!
The above is purely personal opinion and does not constitute investment advice! There are risks in the cryptocurrency market; invest with caution! $BTC $ETH
Bitcoin has broken 110,000. I mentioned back in April that as long as it broke 94,000, the reversal signal would be confirmed. So 110,000 is it, 130,000 is it, and 150,000 is still it! I predicted this trend back in April; there probably aren't many who did. Recently, many people have started predicting Bitcoin's peak. To be honest, it’s meaningless. Once Bitcoin breaks a new high, it’s like a vast ocean of stars, a sky full of possibilities. Various predictions about what the price will be are basically just empty talk! We can only judge whether the trend is coming to an end once the indicators show a relative peak. For example, when it reaches 110,000, or some price within the 130,000/150,000 range, and multiple indicators and cycles have peaked, we will then predict that Bitcoin might have reached its top! So everyone, don’t get confused by outside analysts' chaotic analyses just because a new high has been reached, saying this price is the top, that price is the top! Currently, the long-term trend of Bitcoin is still very healthy. Even though the weekly chart is about to have 7 consecutive green candles, even if it doesn’t reach 8 consecutive green candles, after a one or two-week correction with red candles (not a large drop, just a normal pullback), the probability of continuing to break through remains very high. Let's look forward to it together…#BTC再创新高 $BTC $ETH
The above is purely personal opinion and does not constitute investment advice, The cryptocurrency market has risks, and investment should be cautious!
Just posting pictures without saying anything, isn't that hindsight? Please go to the homepage to read the article in April. (ps: The cryptocurrency world is so magical, it doesn't take too long to make money after getting through the garbage time!)$BTC $ETH
No need to say anything, congratulations to the family members who have always steadfastly followed Bishing. This wave of market is strong, right? It seems that only our Bishing community has been bullish all the way from 77000/74000 to the 94000 breakthrough, anticipating a reversal. At the same time, only Bishing has consistently stayed loyal to Ethereum, believing that after successfully changing the game at 1500/1400, it will return to its glory! The facts prove that our Bishing's accuracy in the big direction remains top-notch, never making mistakes! #BTC重返10万 $BTC $ETH $SOL
The time has finally come, family members who follow Bisheng closely in March/April should start eating meat now. If there are still family members who haven't eaten meat, it's time for some self-reflection. Don't forget to check out the updated articles in April! $BTC $ETH $SOL
In the blink of an eye, it has been over ten days since April 7 and April 14. The market has risen from 74,500 to 94,700, a nearly 30% increase of 20,000 dollars in half a month. Can anyone tell me that there are not many opportunities in the crypto space? Is there no wealth effect? As I've said before, the most frightening thing is insufficient awareness and awakening! On April 7 and April 14, those two articles constantly reminded that the market had bottomed out and it was basically time to get in. However, many people were still trapped in old news and did not pay attention to the technology, instead stopping their losses at the bottom, only to look back and realize they sold at the floor, then watching the rebound and surge, missing out completely. This is the most terrifying part! Alright, enough of that, let’s return to the real market analysis!
Bitcoin:
Yesterday, it basically hit the reversal point of 94,000 that we predicted nearly a month ago, instantly blowing up all the bears and bringing back the market's enthusiasm. In the first half of the month, many family members said they were losing money and wanted to exit the market, returning to project circles or the real economy. When I encounter friends in similar situations, I always advise them to firmly believe that there are still opportunities for industry development. Don't easily exit the market; if you lose money and exit, then you really lose! So, it's vital to accumulate knowledge and learn during bad market conditions to welcome every future phase of good market conditions!
Currently, Bitcoin is on the path of reversal, so all indicators and cycles have opened an upward channel. Those still hoping for a big drop may be disappointed. The current resistance levels are 96,200/98,500, and recently it's consolidating around 94,000/92,100, with the worst being 91,500/88,000 for consolidation. Therefore, for those who understand the technology and are looking to profit while controlling their positions, you can take advantage within the range. For those who don't understand the technology very well, you can choose to continue to 'lie flat' until May/June. If the situation does turn bad later, it won't be too late to exit then! For those who have missed out, it's quite awkward. You must have the courage to engage; if you don't, the market will continue to rise, which is even more painful. You can only wait for the next round. Speaking of which, how many rounds of bullish markets can we have in a year? That's why I always say cherish each step and pay attention to Bishi, so you don't lose your way in the big direction! (ps: I suggest checking out the articles from April 7 and April 14 again)
The above is purely a personal opinion and analysis, not investment advice. The cryptocurrency market has risks, and investing requires caution. $BTC $ETH $SOL
Fans who saw this article around April 14th, choose to believe first and then see, may you all gain a lot this time. This is an invaluable article, meant only for those with good fortune. $BTC $ETH $SOL
Awesome, Bitcoin has pulled back to the reversal point (94,000) nearby. Over the past month, those who have seen our articles (new followers, we suggest you revisit some previous articles to avoid thinking we're just making late calls), have basically already made some profits! The big gains are still ahead (in May/June). This pullback basically confirms a greater probability of reversal! Those who missed the opportunity will find it hard to cope. Even if it retraces to 91,500/88,000/86,800 to get back in, for our family members who got in below 77,000, they are essentially chasing. However, if there is a retracement and they can't get back in, they will continue to miss out on the entire big market in May/June.
Bitcoin has finally come as expected. For over a month, it has been recharging faith in its fans. Bitcoin below 77,000 will likely become a near-term bottom, but many people won't believe it at that time. Only by witnessing it will they believe; by the time they believe, Bitcoin will have already risen, and they won't dare to buy! That's why I always tell everyone one thing: believe first, then see!
Currently, Bitcoin has basically broken through the 88,000/91,500 range, and the bottom has been raised to 86,500/84,800. The recent resistance level remains in the 91,500/94,000 range. Given that many indicators are approaching their targets, Bitcoin will also have a need for a pullback; it just depends on the strength of the pullback process. If the strength is small, 86,500/84,800 might repair the indicators, while if the strength is large, it could go down to the 83,500/81,800 range, which would perfectly align with the start of May for a continued upward trend. In fact, Bitcoin's movement has generally been following our expected K-line trajectory, which is why I say that only Bitcoin has meaningful K-lines, while others can only use K-lines as auxiliary references. Over the past couple of days, Bitcoin has been climbing normally by itself, without taking a break, while other coins have basically just climbed a bit before retreating back to their original points; perhaps they are all waiting for Bitcoin to break through on a large scale before they dare to follow suit! If this continues, it will essentially force all the awakened individuals to play with Bitcoin, which is a good thing because only by engaging with Bitcoin can one have a stronger grasp; as long as one doesn't harbor a get-rich-quick mentality and treats the crypto market as an investment, Bitcoin will definitely be akin to a gold-like asset. The above is purely personal chat and does not constitute investment advice. The cryptocurrency market has risks; invest with caution! 83667922346
I remember that the first time the coin OM appeared in our community's sight was at the end of 2023, when the price was around 0.02! At that time, because the market was collectively prosperous, the big trend (for Bitcoin) started again, so at that time, I would use ant warehouses (500/2000u) to scatter some small cottages with technical super bottoms. At that time, I remember that I bought 20/30 small cottages, and OM was among them! Later, the market started to pull collectively, and many cottages were like whack-a-mole. Today, this one doubled, and tomorrow, that one doubled. The two coins that impressed me the most were bake and OM, because these two coins were eaten 6 times in the short term, and the others basically ate 2 times as a whole. At the beginning of 2024, the collective warehouses of fairy flowers were cleared! OM went up to 0.12 and ran away. I never dared to touch it again. Then I watched it soar all the way. It would be a lie to say that I didn't regret it. After all, I missed a coin that was nearly 500 times higher! Later, some people said that OM was the same as Link. At that time, I said that OM and Link were not coins of the same dimension at all. OM was just a market maker (dog dealer). Through high control, it borrowed contract tools to raise the price of the coin and exploded those who were shorting all the way. In other words, although it rose 500 times, the spot dog dealer may not make much money, but the contract has made a lot of money. Now it is really hard to push it up, and the retail investors who play OM contracts have basically harvested it. When the spot price is above 6 US dollars, basically no one will touch it. The dog dealer simply showed his cards and stopped playing. He opened a short position at a high position and then smashed it directly with the high chips in his hand! Another short harvest, the spot was sold out directly. This hand can only be operated in the currency circle. In the stock market, it is directly to go to tea, so the copycat will always be a copycat! The final destination must be infinitely close to zero! Therefore, the cryptocurrency circle should return to value investment and stop touching any copycats!
The above is just a casual chat. In the next article, I will share and analyze my personal views on the market. Don't miss the excitement. Wait! $OM
Today the market accelerated its decline, which isn't surprising, right? Bitcoin fell below 77,000, and Ethereum fell below 1,650, accelerating down to around 1,400! Anyone with a bit of common sense in the market probably knows why it dropped; perhaps April 7th will again be commemorated by crypto players!
Why the accelerated decline? This is mainly due to the trade tariff war launched by 'Old Trump,' which has affected all financial sectors! Not to mention the pseudo-financial sector of crypto! Since last year's election campaign, I wasn't optimistic about the situation post-election, and I guess those who initially thought Old Trump would win are regretting it now! Let's talk about the past! Let's briefly discuss why April 7th = 3.12 + 5.19?
Back to the crypto world, everyone is quite familiar with 3.12, right? 3.12 was purely a black swan event because at that time, the long-term K-line indicators were suggesting an upward trend, only to encounter four circuit breakers in U.S. stocks—an unprecedented occurrence! This led to a black swan event in the crypto world, but after 3.12, things calmed down, the indicators were repaired, and the previous bull market began again! What about 5.19? It's been said that on the technical indicators, the long-term trend was already bearish; it just happened to encounter a series of explosions like the Luna crash, banking events, FTX, etc., causing the market to accelerate downward during what was originally a normal decline! Alright, with that said, those who understand get it, right? Why April 7th = 3.12 + 5.19?
Currently, as mentioned before, the market saw Bitcoin drop below 99,200 and Ethereum below 2,800, entering a normal downward trend technically; today just happened to coincide with Old Trump's trade tariff war on April 3rd, triggering a financial 'tsunami' that caused the market to accelerate its decline!
So, once you see the essence behind the events, you can basically understand that the financial market is a battlefield without gunpowder; it won't sympathize with tears. Today, players in the global financial sector are all feeling the pain! There's no way around it! The financial sector won't disappear because of this, and players won't completely 'exit the game' either! Time continues; enhance your own understanding, and with periods of decline, there must also be periods of rise. Save your 'bullets' and patiently wait for the next trend to arrive!
The above is purely casual conversation and does not constitute investment advice. The crypto market has risks; invest cautiously! $BTC $ETH $SOL
The importance of returning to value investing, those who care should remember to check the article from April 2nd: Family, are you still holding on in the crypto circle? The essence is all in there, don’t say I didn’t remind you! Just a little hint! $BTC $ETH $SOL
The dog owners of altcoins have recently reached a collective consensus, revealing everything and no longer playing, collectively throwing their chips away! A few days ago, sats skyrocketed and then plummeted, act is even more disgusting, collapsing on the spot, and then the established altcoin mask also directly opened the floodgates! Subsequently, altcoins on Binance Exchange began to plummet like Pandora's box being opened, with batches of altcoins falling over 50 points every day. Alas, how sad and lamentable, family members, wake up! Buying altcoins is no different from buying joy beans! Cherish your principal, stay away from altcoins, truly love life, steer clear of contracts, value returns, and be friends with time! $MASK $ACT $1000SATS
April 2nd Casual Chat: Folks, are you still holding on in the crypto world?
Now many people have lost money and exited the market. In this round, 95% of players have lost money, yet many still refuse to face the reality of this industry. Shanzhai projects have repeatedly drained retail investors' wallets and shattered their mentalities! Despite this, many are unwilling to awaken, still fantasizing about the stories of others who got rich off Shanzhai projects back in the day, and even still dreaming of striking it rich through dog coins and contracts. As a result, they all end up being the ones paying for that story! Since last August, we have seen through the essence of this round of altcoins. This is why we have been shouting at the top of our lungs for everyone to clear their altcoin holdings and return to value investing! At that time, many people didn’t understand, finding all sorts of 'reasons' and 'excuses,' unwilling to take profits or cut losses and abandon their altcoins, ultimately leading to being boiled like frogs in warm water!
The market reminder was just sent out in the afternoon, and during the community meeting in the evening, we also provided a technical analysis of real-time K-lines to recharge the faith for April/June for our family. Value investment, control a certain position and hold the coins for a rise, the remaining positions can still be traded using K-line technology for corresponding cycles! Look, the meeting hasn’t even ended yet, and the market is collectively taking off 🛫, don't be too timely with the rain, ha $BTC $ETH $SOL