After I placed a stop-profit order in Ethereum yesterday, the market fell collectively in the early morning as the whales sold off. Bitcoin once fell back to around 58,000, and Ethereum was 2,400. The support level of Bitcoin at 58,000 is still very strong. Here, I opened a Duodan near Ethereum 2,400. The target is tentatively set to see how strong the rebound is.
A new friend who came yesterday opened a long position near 63,000, 125x, and the position of Cang was also dangerous. He notified the stop loss position of 62,000, but later it was difficult for the big pie to go up to 63,000. He notified the exit near the cost position, which saved him a wave of losses.
Heyue can bring people high returns, but it is easy to fall into the abyss if you are not careful. Although I have not communicated with you, it must be nothing more than the following points:
1: The entry position is not good: it is easy to cause a small trap. The direction is right but you don’t know it. You can’t hold on and lose money. Wait until it rises or falls, and then chase it.
2: The exit position is not good. You can obviously make 80 points, but you leave at 30 points.
3: No stop loss or take profit. People who don’t set stop loss generally have a fluke mentality and think that it may rebound this time.
4: The stop profit and stop loss ratio is set unreasonably.
5: The position of covering the position is unreasonable, and the position is covered blindly.
Some people think that my position is large and I can handle it. I am not afraid. Let me tell you a real case:
Wang Ke knows that the husband of the star Liu Tao lost several hundred million. He opened a short position when the big cake was 12,000. He saw that it could not go up at 12,000 before, so he opened a short position of one million. For him, this amount of money is nothing, but the big cake kept rising later, and he kept adding. He just refused to admit defeat and went against the trend. Until it rose to 42,000, he was liquidated. He Yue has been in debt for a year. Think about how terrible it is. What is his reason? It is nothing more than a few points of unwillingness to admit that his market judgment is wrong. The market is already very obvious, but he has to go against the trend and finally lost miserably. He blindly covered the position and did not know how to stop loss in time.
If you like to do contracts, we can chat more on Green Bubble. There is nothing to say about the current market. It is better to chat and improve your cognition.
Bitcoin (BTC) has been around for 15 years, but it has only experienced two major surges. One was in 2013, when the price soared from $10 to $1,000; the other was in 2017, when the price soared from $300 to $19,000. Surprisingly, both of these leaps occurred within a year after the Bitcoin halving. Recalling the end of 2017, the price of Bitcoin was as high as $19,000. Although the price has now risen to $60,000, it is not surprising compared to the increase in housing prices during the same period. Bitcoin is both familiar and new to us. People's cognition is always improving, just as when the Internet first appeared, many people questioned whether it was a scam or a bubble. It was not until the Internet penetrated into people's lives and people found that they could no longer live without it that they realized its investment value, but by then the stock prices of related companies had already risen, such as Apple's current market value of 3 trillion.
So, what is the user base of Bitcoin? According to statistics, its users are less than 50 million (calculated by Bitcoin addresses). Compared with Apple, which has billions of users, this number is obviously insignificant. But it is these less than 50 million users who have jointly created a market value of up to 1 trillion, which indicates that there is still huge room for growth in the future, which may be ten or a hundred times the current level. Therefore, it is never too late to get involved in the field of cryptocurrency. The key is whether you can get ahead.
After I placed a stop-profit order in Ethereum yesterday, the market fell collectively in the early morning as the whales sold off. Bitcoin once fell back to around 58,000, and Ethereum was 2,400. The support level of Bitcoin at 58,000 is still very strong. Here, I opened a Duodan near Ethereum 2,400. The target is tentatively set to see how strong the rebound is.
At present, the overall market realization is relatively weak. From the on-chain data, funds have been flowing out, proving that some whales have exited with profits. Here, open a short order with a stop loss to the previous high of the daily line as a defense.
Today's homework has been distributed, with space;
Take notes and check later.
All doubled, opportunities don't wait for anyone, smart people have already taken action.
At present, the overall market realization is relatively weak. From the on-chain data, funds have been flowing out, proving that some whales have exited with profits. Here, open a short order with a stop loss to the previous high of the daily line as a defense.
Today's homework has been distributed, with space;
Take notes and check later.
All doubled, opportunities don't wait for anyone, smart people have already taken action.
At present, the overall market realization is relatively weak. From the on-chain data, funds have been flowing out, proving that some whales have exited with profits. Here, open a short order with a stop loss to the previous high of the daily line as a defense.
Today's homework has been distributed, with space;
Take notes and check later.
All doubled, opportunities don't wait for anyone, smart people have already taken action.
From the weekly chart, Bitcoin has now rushed above the upper track of the weekly line, and the price is probably fluctuating in the range of 63,600 to 71,300. Looking at the daily chart, Bitcoin is jumping in the range of 60,400 to 65,000. Looking at the momentum, the daily chart has somewhat gotten rid of the previous tepid trend and started to show the power of the bulls. In short, the market is in a general upward trend.
We have to keep an eye on the key range of 63,400 to 63,600. If the price stabilizes here and does not fall, the market should continue to maintain its upward momentum. Overall, the most critical thing now is to see whether the price of Bitcoin can stand near this important support level. As long as it can hold steady, the price may continue to rise, and we can expect BTC to reach the target range of 68,000 to 69,000.
Of course, all this depends on whether the macroeconomic environment is strong. Now the market is optimistic because of the expectation of interest rate cuts, and everyone is bullish. But then again, the first rate cut still has certain risks, and we have to evaluate it carefully through economic data. If the economic data looks good, the market risk before and after the rate cut should be relatively low; if the data does not meet expectations, it will be a bit troublesome, and the market may be hit hard.
If you want to delve deeper into the currency circle, but can't find a clue, you can see me building leaves to reduce borrowing if you want to get started quickly. I hope our encounter is friendly.
Powell will speak tonight. Can BTC break through resistance?
Powell will speak at 22:00. I think it is unlikely to rise. Pay attention to the key points. The price range of 63,000 to 63,500 is a big obstacle.
If BTC cannot break through this resistance zone this week, then the 200-day moving average may cross the 120-day moving average next week, forming a not-so-good "death cross" signal, and the market may not look good at that time.
If Powell's words make the market optimistic and the BTC price can break through the key resistance, there is still a lot of room for price increase. But if it is just a short-term rise and then fall back, BTC may have to fluctuate in a large range, probably between 55,000 and 63,000. Among them, the price of 58,900 may play a supporting role in the range.
If the market reacts poorly to his speech and the BTC price falls, then pay attention to the support level of 58,900. If the price falls below this support level and does not rebound, BTC may have to fluctuate in a lower range, about 55,000 to 58,900. And the price may continue to fall over time.
In the short term, you can pay attention to the 4-hour resistance level of 61,900 and the support level of 60,300. But Powell's speech tonight may cause the market to fluctuate more, so the reference value of these prices may be reduced.
Judging from the RSI index of 51.6, the market did not show a strong bullish sentiment before Powell's speech, and everyone was more cautious.
To sum up: Powell's speech tonight may determine the trend of BTC in the future, whether it is in a large fluctuation range or a small fluctuation range. A large range may have more opportunities for traders, while a small range may be more dangerous. So, everyone should keep an eye on it tonight!
With the bull market in the cryptocurrency circle, the competition between SOL and ETH is becoming increasingly fierce. Who will become the new public chain overlord? This really needs time to reveal.
Speaking of ETH, everyone knows that it is strong and the market expectations are good. But recently, its market performance has been a bit sluggish, which has disappointed some veterans.
And what about SOL? After experiencing the bear market and the collapse of FTX, it has been reborn like a phoenix. People used to call it the "Ethereum killer", and now looking at this momentum, it is really not covered.
But the two paths are completely different. There is an "impossible triangle" in the blockchain - security, decentralization, and efficiency, and it is difficult to have all three. SOL has sacrificed security slightly for speed and low fees. What is the result? It has failed twice, and once it even stopped for 18 hours. This makes people worry whether there is something wrong with its technology.
ETH is different. It first ensures security and decentralization, and then slowly improves efficiency. Like a tortoise, although slow, it is steady. Now, SOL has risen sharply in the past, attracting a large number of investors, but it is gradually weakening. Although ETH has not made any big moves now, its stable strategy may catch up.
So you will find that the recent Heyuedan is mainly based on ETH bands, which are relatively stable and naturally have low risks.
The bull market has not left, and slowly increasing positions by doing bands is the first priority. Welcome to watch Zhuyejianjilailiao.
Take profit with a 5-dollar difference in the space order.
If you have not reduced your holdings, pay attention to reducing your holdings and set the stop loss at the cost loss.
Open orders based on the situation after the US stock market opens at 9:30.
Regardless of the recent weak performance of US stocks and the lack of upward momentum, there will not be any waves, but it is better not to enter the market for safety reasons.