The recent market is difficult to operate; if you want to place orders, it is recommended to include a stop-loss, or at least have two or three opportunities to average down before opening a position, rather than directly getting liquidated with a 30% retracement.

In the future, I also plan to mainly conduct analysis from the perspective of Fibonacci retracement.

The above is the Fibonacci retracement analysis chart for BTC/USDT:

  1. Blue dashed line: lowest price $66,810 (starting point).

  2. Red dashed line: highest price $108,366 (ending point).

  3. Gray dashed line: various Fibonacci retracement levels:

    • 0.236 corresponds to the price $76,617.

    • 0.382 corresponds to the price $82,684.

    • 0.500 corresponds to the price $87,588.

    • 0.618 corresponds to the price $92,492.

    • 0.786 corresponds to the price $99,473.

  4. Green solid line: current price $95,304, close to the 0.618 retracement level.

Analysis interpretation

  • The current price is close to the 0.618 retracement level (golden ratio), which is a common strong support position during trend adjustments.

  • If the price stabilizes and rebounds here, it may continue the upward trend.

  • If it breaks below the 0.618 level, it may further adjust towards 0.5 ($87,588) or lower levels.


The points can also be used to place orders nearby; if it breaks down, you can wait for the next breakout or when it stops falling to enter.

The following are the order points provided by GPT, based on the spot recommendation. For contract entry: I agree with the points, and the stop-loss is up to personal preference; a 1% stop-loss is appropriate.

Bullish order point (buy)

Support order points:

  1. 0.618 retracement level ($92,492)

    • It is recommended to place a buy order here.

    • Stop-loss level: can be set below the 0.5 retracement level ($87,588) (e.g., $87,000).

    • Target level:

      • First target: $99,500-$100,000 (near the 0.786 retracement level).

      • Second target: $108,366 (previous high).

  2. 0.5 retracement level ($87,588)

    • If it breaks below 0.618 and continues to drop, you can average down your buy order here.

    • Stop-loss level: set below the 0.382 retracement level ($82,684) (e.g., $82,000).

    • Target level:

      • First target: $92,492 (back to 0.618).

      • Second target: $99,500.

The points are for reference purposes; please do not heavily invest in the contract.

There is also personal advice for squirrels to be cautious at most.
$BTC $PNUT $NEIRO