12.11 I Have a Few Words (Exclusive to Xinyi)
#加密市场回调 Brothers, the double explosion market has come suddenly, and the Bitcoin needle has been connecting quite frequently. The struggle between long and short positions is extremely fierce. We should remain steady, set our stop-losses, and wait for them to fight it out before entering the market.
For Bitcoin to rebound, it first needs to fill the gap from the midnight one-hour pullback and stand above 978; otherwise, it’s all fake. Just look at that 4-hour K-line chart, with a series of lower shadows; the buying pressure is quite strong, yet the rebound is so weak? It always collapses after 4 AM; such liquidity, tsk tsk. Do you think this is the institutions playing tricks or the big shots running away? Regardless, let’s just follow the system and not think too much; time will reveal the answer.
As for the market, the daily high is 983, the low is 940, and the opening price is much lower than the closing price, indicating many are bearish. The KDJ three lines are moving downwards and are still swaying in the middle-lower area, not even touching the bottom, it still has to drop. The MACD volume has also decreased, so the sentiment is somewhat stabilized. The price is currently below the middle band of the Bollinger Bands, yet buying pressure is getting stronger, and the price is slowly bouncing up, with a downward pin. I think the bulls need to wait for Bitcoin to stand above the middle band of the Bollinger Bands (973-978) before considering a rebound.
In the smaller time frames, long upper shadows are appearing one after another, and Bitcoin still needs to keep receiving pins. Want to enter the market? First, set your stop-loss; otherwise, it might be better to just watch, as it might drop further. The overall trend is just oscillating within this range.
Currently, Bitcoin's resistance levels are at 973-978, 985, and 998-1000, while the support levels are at 957, 940-936, 917, 908, and 900.
If Bitcoin stands above 973, we will go long near 957 and first look at 985. If it can’t exceed 973, then we will short at 978, reducing the position size by half, and wait for it to drop to 957-940; the logic remains the same. For the more aggressive brothers:
No matter if Bitcoin can stand up or not, I will play around with small positions near the resistance or support levels; small losses with big gains are still better than continuous losses, right?
#币安MOVE开盘 For the upcoming layout direction, I will take everyone to aim for the lucrative opportunities in altcoins, especially those with great potential. Expecting a space of more than 10 times is no problem. If you want to make big money in a bull market, like + leave a message, and I will lead you to layout the entire bull market!