The market on Friday evening was as usual, with the US stock market opening showing a one-sided rise or pullback, followed by a recovery in the early hours. The market movement was similarly consistent.
The rebound peaked at the 98630 level but could not hold, quickly falling back. The overall trend formed a clear wide-ranging tug of war, with bulls and bears alternating in their positions.
Today, pay attention to the 95000 level; breaking this during the day would indicate a stop, and then the weekend could see a wave of downward fluctuations, allowing for a small rebound short. Otherwise, be cautious of the market making another push to a new high.
In terms of operation, it is recommended to trade Bitcoin between 95000 and 96500, with a stop loss at 94200 and a target around 98500.
The big cake has once again successfully taken the 94700 first-line support strength space. The current price is maintained at the 96700 line, with an overall space of more than 2000 points.
First of all, the large-scale trend is still a bullish trend. Short positions can only be made less, and stop losses must be brought. The main focus is to follow the trend and wait for low positions to go long.
Before the interest rate cut, the bulls still have to ambush in advance. The subsequent correction can only occur after the interest rate cut. Before the interest rate cut, the bulls will still dominate the trend.
In terms of operation, it is recommended that the big cake fall back to 95200-95700 and defend 94500, with the target at 98000.
Today the US stock market is closed, Americans are on holiday. The expected trend will be range-bound fluctuations and adjustments. The injection of gold is likely to lead to a pullback in the major index!
Last night's rise was actually to wash out leveraged short positions. Regardless of the trend, I will continue to be optimistic about the bulls!
Note! With Americans on holiday, there may be suspicions of selling for profit. In extreme market conditions, try to observe more before taking action, and arrange risk management properly.
In terms of operations, it is suggested to short first and then go long. Short directly above 96400, with a stop loss at 97200, targeting 94000.
The target above can refer to the integer level of 99000. After all, this wave of pullback has liquidated most of the chain bulls, and the main force has eagerly started the short liquidation.
This situation is no longer suitable for chasing longs. Chasing highs and cutting lows is not within our trading system. For the operation in the early morning, it is recommended to short directly at the current price, with a defense set at 97300 and a target set at 94000.
Operators who have been consistently making profits on the long side, when everyone else is bearish, often signal a reversal. Picking people up, how many people got on the bus?
No matter how it is interpreted, to seize large opportunities and big trends, one must endure and experience what others cannot bear. Next, continue to focus on low longs.
I said not to panic, it has risen so much, it's just a normal correction, the overall direction is still bullish, currently there is a space of 2000 points for Bitcoin!
The current lowest point is at 91500, this wave of pullback is relatively fast, and after this pullback, it is expected that many people will feel a bit panicked, wondering if a major correction is coming.
In fact, after such a significant rise, a pullback of ten thousand points is a normal movement, so don't panic.
From the market perspective, there was a period of concentrated chips during the decline, and this position can also serve as a support level. The decline of Bitcoin is basically nearing its end, and it's a good time to start entering long positions.
In terms of operation, it is recommended to go long at 91800 with a light position, add more at 91000, with a stop-loss at 90000, and aim for a target of 100000+.
Yesterday, Bitcoin was at 96,400, and over 2,400 people have followed. I saw many old fans have followed, while new fans are just slapping their thighs. No need to rush, there will be plenty of opportunities. This wave of Bitcoin is a thousand points, with Ethereum at 130 points profit.
For Bitcoin to break through the 100,000 mark, it certainly cannot reach it in one go. As it approaches near 100,000, it will definitely encounter resistance and drop back.
Moreover, this cycle will undoubtedly require some time. Currently, we are right in the middle of this process, so everyone needs some patience.
In terms of operation, it is recommended to buy near 94,200 to 93,800, with a stop loss at 93,000 and a target of 98,000.
The market for Bitcoin over the weekend has been moving slowly, mainly focusing on adjustments, which is within our expectations.
From the current structure, the price of the coin is entering a trend of adjustment after a high and retreat in a smaller cycle, and currently it is undergoing a price correction trend, with the retreat being limited.
For the future, we will still treat it as building momentum, and after the trend is completed, the price of the coin will also see another surge. At the beginning of this week, we still have a bullish outlook for breaking the previous high.
In terms of operations, it is recommended to buy Bitcoin around 95800-96300, with a stop loss at 95000 and a target in the six-figure range.
The big pie is just one step away from breaking 100,000, and it is evident that there is serious selling pressure above. The main force has formed resistance above 99,000. The opportunity for a short-term pullback has come; wait for effective support before starting to position for long orders. In the short term, the behavior of the main force taking profits is quite obvious.
The Bollinger Bands continue to open upwards, and the bullish trend remains. Pay attention to the upper resistance level at 104,500. Overall, in the case of a high-level divergence in the trend, the bullish trend remains unchanged. Therefore, I reiterate the six words regarding support: do not trade when the trend is not adjusted. Now that the trend is starting to adjust, it’s time to find a position to go long and begin testing.
In terms of operations, it is recommended to go long around 97,000-97,500, with a stop loss at 96,500 and a target in the six figures.
The big coin has once again reached a historical high, with just one step away from the 100,000 mark. Will there be a situation where it feels so close yet so far?
The major trend remains bullish, and we shouldn't speculate on where the top might be; it would be better to wait for a trend pullback and then primarily trade long.
Overall, the strategy follows conventional thinking: since the major trend is bullish, we can understand that in a bullish trend, all bearish indicators can be qualitatively classified as false signals. Friends holding long positions should continue to be patient.
In terms of operations, it is recommended to go long around 97,000-97,500, with a stop loss at 96,500 and a target in the six-figure range.
After entering the short position fuel, the upward trend starts. Still maintaining the previous view, after a pullback continue to go long. Currently, the situation is that the bolder the person, the greater the output.
Go long at the current price, with a stop loss at 96500, aiming for six figures!
The trend of Ether actually represents the direction of most altcoins, and the performance of SOL is better than that of Ether. Even the yield of the platform token BNB has outperformed the yield of Ether.
The current price of Sol is 259, go long directly, defend at 255, and target 270.