Thanks to Binance for opening the square gameplay, it's great! I'm Kunchen. I wanted to be a part of Binance Square for a long time. I majored in computer science overseas, an early miner of the Australian blockchain, and one of the first batch of people who didn't hold Bitcoin. Because of the loss of curiosity and love for crypto, I taught myself to trade, and then lost a lot of chips! The main reason was that I was still young at that time! After returning to China, I spent two years recharging and systematically learning trading. I am good at some old tactics. I have experienced two and a half bull and bear markets, played with contracts and leverage; experienced the excitement of more than 200 times a single order many times; exploded three times the warehouse of seven-digit US dollars; hoarded Auntie CX coins in Difi in the primary market, and tasted 165 times of appreciation without locking profits in time; went to Laos to be a shareholder partner of a small power station, sold electricity, and worked as a sub-landlord of a small miner; participated in the early graphics card mining of ETH and the hype of 3060ti machines; but I have never been a celebrity in the cryptocurrency circle! Haha, I am Kunchen, a crypto spot, welcome your attention, and we will talk about spot, the past, the future, and what garbage can make you rich and free later! Spot trading is king, Brother Xinchen, you will have eternal life in the circle!
It's broken, it's broken, even 97000 can't hold it down! The big one is coming, it's really coming! Are you still not awake? Have you been overwhelmed? Do you accept it or not, I'm just asking if you accept it? Who else is there?
Look correctly, do correctly, I also guide the script correctly, the points accurately guided, it's just that we are coming to the 96300-67000 range! Now it's 100% obtained! 97000 is temporarily held back! If you don't accept it, go back and watch my previous two posts three times! There are posts and evidence!
What I can see and do is not a one-off, just sitting at the computer looking at the pressure and support to shout randomly, 95% of my trading time is actually spent on research, observation, confirmation, and waiting!
Last night below 94000, I absorbed the blood of the small previous high, showing that the big pie was weak, at that time many big gods were shouting to short the big pie above 94000, but I couldn't see it as a short, at that time someone should have thought I was foolish, who is foolish?
My content does not constitute a trading suggestion, but it can fully support you to think about investment strategies! Yes, I am sharing for free, but that does not mean it has no value! Are there any brothers with insight? Will you seriously read and think about my views?
I have said it several times and no one listened, last night I repeatedly reminded everyone, the big pie cannot be shorted! Moreover, I have clearly explained the trend script and target range that the main force is about to follow!
Good brothers must have seized this opportunity to get on board!
Now that 97000 has broken, we wait for the closing line, don’t rush to chase high, if we close at 97000 on the four-hour level, don’t hesitate to go up, the next target is 100000, 107900!
If you want to catch low longs, consider whether 96800-96600 can hold, if it holds then enter, if it doesn’t hold then catch low longs around 95000!
This wave has upward space to 100000-107900, there is still a profit space of 5000-13900 points! $BTC Whether you can grasp it, all depends on you! All low long orders, set the limit stop loss at the first time of the order, set the stop loss at 0.3%-0.6% of the current coin price, I generally set the stop loss at 0.6%! If it gets stopped out, just wait! Don’t be frustrated, there will be opportunities! Nothing can be 100% guaranteed!
Just these two days! Quietly waiting for the trend!
The big support below has turned into around 93500! If it dips and does not break 93500, it belongs to a strong upward trend, just continue to maintain the bullish market!
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Bullish
Strong, very strong! Many people say that if it touches the previous high, it will fall! It's a critical moment! Don't cheat me, masters! The following is a suggestion for thinking, not a suggestion for placing an order!
Let's review and see if we should follow the trend now?! $BTC
There is an easter egg below! I rarely talk about unknown pressure!
The big cake slowly pulled up the market in the middle of the night last night, without too much volume, but it really added goods, and pulled up little by little to break the previous high on November 14! The current previous high is 93998! So it was suppressed by the shorts at 3 o'clock in the middle of the night! Then it started to fall directly at 3 o'clock in the morning with four 1-hour Yin lines! Is it going to fall if it touches the top and breaks the previous high? It's impossible, absolutely impossible, according to the upward oblique trend (green line) of this round of bullish arrangement! This wave of decline was stabilized at 6 o'clock in the morning! Until 8 o'clock in the morning, it rebounded about 1200 points and then tested the upward trend track! Obviously it couldn't go down. After the second retracement of the support below, the main bulls started to pull all the way from 11 o'clock in the morning, until now it has returned to the high of 93430 again! It has risen by more than 2000 points! The trend of steady progress step by step!
I was short-selling and was hit three times in a row! It is wrong to be short-selling too early! After calm thinking, I have a new cognitive awakening! It is indeed high now! There is nothing wrong with being short-selling! But the trend is bullish! Caution is human instinct, but in the big background of the bull trend! If you are short-selling too early, you must pay tuition and sobering fees like me!
How many good brothers are still not awake? The current trend must not be viewed with short-term thinking! The bull market has no top! We must look at the big cake with medium and long-term thinking! From yesterday to now, do you have an answer to this trend? The answer is that it will accelerate upward to set a new high tonight! The previous high chart below is based on the circled area of 96285-97000, which is the next target range for bulls! Wait and see! As long as it does not fall below the green line in my chart, I am bullish and will do more!
I entered the long order at 92400 when the second retracement closed at noon. The current floating profit is about 158%, and I have locked the position of 50% of the retracement profit to protect the profit and loss! This order is stable, and this order is a matter of how much profit to make! It is a waste of time to see it right and do it wrong! You must seize the opportunity when it comes!
Follow the comments and don’t get lost! #BTC走势预测 #meme板块关注热点 #BTC再次刷新历史高点 #BTC☀
Tonight's empty dog mountain village can be considered acceptable! Observe the big pancake starting to suck blood and you can decisively grasp it!
But what kind of divine operation is the empty big pancake?
Aren't you afraid the big pancake will leave you with a battlefield of corpses? $BTC Indeed, there are still many iron heads in the circle!
The current price has already broken through twice in the past two days, creating two new small highs! Now it has reached around 94300! That's right! It hasn't accelerated yet; it's just a blood-sucking, bulldozer-like step up! Steady and steady! The main force hasn't moved much, just pushing at key positions! Who can be sure that there won't be another wave of concentrated acceleration from the main force next?
Don't panic, don't rush! Wait a moment! Wait a moment! Don't rush to jump in!
Once it accelerates upward! The conservative target above is around 96300, not to mention there's an even higher expectation at 97000!
Even, even if that red entangled line at 970000 can't be held down, it's directly going towards 106000!
Don't believe it? Just like last week! Then become fuel! When the pain hits you and you start to go long, the waterfall you've been waiting for has also arrived! Directly rebounds your last few gains!
In both major trends and short trends, follow the rhythm of trend changes, yes, rhythm is very important! Extremely important! More important than ten years of tactical experience!
Strong, very strong! Many people say that if it touches the previous high, it will fall! It's a critical moment! Don't cheat me, masters! The following is a suggestion for thinking, not a suggestion for placing an order!
Let's review and see if we should follow the trend now?! $BTC There is an easter egg below! I rarely talk about unknown pressure!
The big cake slowly pulled up the market in the middle of the night last night, without too much volume, but it really added goods, and pulled up little by little to break the previous high on November 14! The current previous high is 93998! So it was suppressed by the shorts at 3 o'clock in the middle of the night! Then it started to fall directly at 3 o'clock in the morning with four 1-hour Yin lines! Is it going to fall if it touches the top and breaks the previous high? It's impossible, absolutely impossible, according to the upward oblique trend (green line) of this round of bullish arrangement! This wave of decline was stabilized at 6 o'clock in the morning! Until 8 o'clock in the morning, it rebounded about 1200 points and then tested the upward trend track! Obviously it couldn't go down. After the second retracement of the support below, the main bulls started to pull all the way from 11 o'clock in the morning, until now it has returned to the high of 93430 again! It has risen by more than 2000 points! The trend of steady progress step by step!
I was short-selling and was hit three times in a row! It is wrong to be short-selling too early! After calm thinking, I have a new cognitive awakening! It is indeed high now! There is nothing wrong with being short-selling! But the trend is bullish! Caution is human instinct, but in the big background of the bull trend! If you are short-selling too early, you must pay tuition and sobering fees like me!
How many good brothers are still not awake? The current trend must not be viewed with short-term thinking! The bull market has no top! We must look at the big cake with medium and long-term thinking! From yesterday to now, do you have an answer to this trend? The answer is that it will accelerate upward to set a new high tonight! The previous high chart below is based on the circled area of 96285-97000, which is the next target range for bulls! Wait and see! As long as it does not fall below the green line in my chart, I am bullish and will do more!
I entered the long order at 92400 when the second retracement closed at noon. The current floating profit is about 158%, and I have locked the position of 50% of the retracement profit to protect the profit and loss! This order is stable, and this order is a matter of how much profit to make! It is a waste of time to see it right and do it wrong! You must seize the opportunity when it comes!
Today, during the day session, the bulls organized their strength and broke through three important short to medium-term resistance lines at 91000-91600-91950 in one go. There's a saying: the current market is getting more and more chaotic. What is the use of resistance levels? They are meant to be broken! Just break them and draw a door! The operators won't let anyone off the hook in the short-term battle between bulls and bears! I mentioned in my post before bed last night that I was bearish but didn't short; instead, I chose to set a ridiculous low long order before going to sleep! The overall direction is very clear, it's a bullish market. Although the bull market will keep rising, the probability of sudden dips is also frequent! Pulling it up so high will confuse everyone. If there's no back-and-forth wide-range cutting, how can it justify the operators' efforts in rapidly pushing the market up for a week? Since a major drop won't happen for now, remember to mainly accumulate by going long at lower levels! $BTC Short-term strategy: make profits and run. Although there have been several significant fluctuations of 5000-7000 points recently, it's not possible to have huge swings every day. Find the right position and comfortably choose a small range of 1200-1800 points, that's still very appealing! Don’t bite off more than you can chew! Don’t use high leverage and large positions; if you want to be greedy, go for spot trading with SOL and ETH, and wait for next year's big expectations! There's no need to hold short contracts hoping to make a fortune in one go!
Recently, many good brothers have started to feel sick inside, being seduced by various counterfeit schemes promising hundreds or thousands of times returns, always thinking they are the chosen ones about to be rewarded by the heavens! While such opportunities might exist, not everyone can be favored! On the contrary, this harvesting ground is full of people trying to snatch your bowl of rice!
I believe in holding my own bowl steadily, achieving daily profits, and through the compounding effect over time, when this bull market cycle ends, you won’t leave empty-handed. Those with small capital can prepare psychologically and financially for the next wave of the bull market! If you don't make money, who will? Isn't it better than being completely disarmed?
Contracts need to be watched closely! Make the right moves! Run fast! Always be cautious! Remind yourself that even if this trade doesn't make me money, I can't ruin my own meal by taking a loss!
Tonight's night session has a high probability of continuing to break through previous highs!
Stay focused and don't get lost, like, comment, and increase your wealth!
Good Monday morning, brothers! I got up at 8 o'clock and sat on the computer to watch the market! When I woke up, I found that the possibility of the downward exploration I saw before going to bed last night had happened. The big cake did test the lower temporary support, but not as much as I expected. The support is still there! $BTC The red line marked in the figure below keeps exploring lower points at the 1-hour level, and then rapidly and widely oscillates to recover to almost the same position in the relatively high range. This phenomenon looks like a trap to lure short sellers, but it is real and the lows are also decreasing relative to each high point!
Good Monday morning, brothers. I got up at 8 o'clock and sat on the computer to watch the market! When I woke up, I found that the possibility of the downward exploration I saw before going to bed last night had happened. The big cake really tested the lower temporary support, but not as much as I expected. The support is still there! $BTC
The red line marked in the figure below, the 1-hour level continues to explore lower points, and then rapidly oscillates to recover the same position in the relatively high range. This phenomenon looks like a bait action, but it is also real and relatively high points are also accompanied by low points!
Strength is one of the main factors for testing the effectiveness of long and short. Judging the strength of long and short by each pressure will not have an absolute basis, but it can usually play a good predictive effect in unknown price fluctuations!
It didn't fall too much in the middle of the night, but it was not a small amount. It fell to around 88735 around 6 o'clock, down about 1,700 points from 90450 last night! Then it quickly passed through the four-hour closing line and pulled back to around 91000. It is currently retreating below 91000! Here I must emphasize the key position of 91000 (pressure marked in the figure below)! Whether it will continue to rise or pull back today depends entirely on whether it can effectively break through the two pressure levels of 91600 and 92000. If you want to successfully go up to these two pressure levels, you must first see whether you can effectively receive the four-hour level above 91000. If you can't close it, it will continue to fall back weakly!
However, if this wide-ranging consolidation trend does not end, each pressure support point can also be used for ultra-short bands! The core logic is to see who is not resistant to orders and who makes money and runs faster!
By the way, thank you so many good brothers for reading the content of my post! Thank you all for visiting and following me! I directly pushed my last post before going to bed last night to the third place on the hot list! It's the first time that an article has reached the top list, I'm very excited! I'm not a permanent earner or a teacher! I'm still learning! There must be more of my teachers among those who read my views. Welcome everyone to actively interact with me! Let's make progress together! I am happy to ask experts for advice! Let's catch the cow and eat the meat together!
For the intraday long and short views, look at the closing of the last two four-hour lines! For the time being, I can't see the long and short!
Follow Kunchen and don't get lost. Like and comment to increase wealth! #市场回调,观望还是上车? #你问我答
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Monday is here, and the big one is coming! No kidding! There have been too many random comments recently, and I also lost two short orders because I was bearish too early, but today I have to say something!
Let me talk seriously: (Before the results come out, all predictions are speculative predictions, and do not constitute an order guide, but can provide risk prediction suggestions for good brothers) $BTC
1. The trend of the big cake has been adjusted since it rushed to the previous high of more than 93,000. It has rebounded twice to around 91,900. The subsequent small tests around 91,550 all failed. 92,000 has become a short-term and medium-term pressure, and 91,600 has become a short-term pressure! In addition, the market has formed a shrinking state in the past two days. Usually, the shrinking state will have a direction. On Monday, there is a high probability that it will be midnight from now. If there is no movement at night, there will be movement after the morning market!
2. At present, everyone is looking at the long and short sides of the big cake. The overall market sentiment is actually much more bearish than bullish! (Before the big ones come, it is likely that they will need to pull up to break through 91,000, 91,600, or even 93,000 before turning down)
3. Even if BlackRock large institutions have been buying in real money, the expected policy benefits after Trump's presidency will also increase the probability that BTC will start from now on as a starting point to completely raise the value of the entire currency circle, but this cannot completely kill or control the basic principles of price fluctuations in the capital market! In terms of price fluctuations, it is indeed in a bullish trend, commonly known as a bull market, but there will be no shortage of downward tests and needles in the bull market, and the capital strategy of capital carriers cannot be just buying and not selling. Most of the time, it will fall and then continue to sail, which is the long-term and healthiest capital strategy.
I calmed down for two days and no longer chose to short!
My operating suggestion is to enter the market and go long on dips! Don't go short, don't go short. In this market, it is very normal to insert needles! High leverage and high positions will definitely make you unable to take them down. Low leverage and batched low and medium positions are the basis for survival!
Don't enter the cottage today for the time being! Including the copycat leaders ETH and SOL! I always feel that today SOL will soon end this wave of growth after the market rebounds!
Follow Brother Chen to avoid getting lost, like and comment to increase wealth!
Monday is here, and the big one is coming! No kidding! There have been too many random comments recently, and I also lost two short orders because I was bearish too early, but today I have to say something!
Let me talk seriously: (Before the results come out, all predictions are speculative predictions, and do not constitute an order guide, but can provide risk prediction suggestions for good brothers) $BTC 1. The trend of the big cake has been adjusted since it rushed to the previous high of more than 93,000. It has rebounded twice to around 91,900. The subsequent small tests around 91,550 all failed. 92,000 has become a short-term and medium-term pressure, and 91,600 has become a short-term pressure! In addition, the market has formed a shrinking state in the past two days. Usually, the shrinking state will have a direction. On Monday, there is a high probability that it will be midnight from now. If there is no movement at night, there will be movement after the morning market!
2. At present, everyone is looking at the long and short sides of the big cake. The overall market sentiment is actually much more bearish than bullish! (Before the big ones come, it is likely that they will need to pull up to break through 91,000, 91,600, or even 93,000 before turning down)
3. Even if BlackRock large institutions have been buying in real money, the expected policy benefits after Trump's presidency will also increase the probability that BTC will start from now on as a starting point to completely raise the value of the entire currency circle, but this cannot completely kill or control the basic principles of price fluctuations in the capital market! In terms of price fluctuations, it is indeed in a bullish trend, commonly known as a bull market, but there will be no shortage of downward tests and needles in the bull market, and the capital strategy of capital carriers cannot be just buying and not selling. Most of the time, it will fall and then continue to sail, which is the long-term and healthiest capital strategy.
I calmed down for two days and no longer chose to short!
My operating suggestion is to enter the market and go long on dips! Don't go short, don't go short. In this market, it is very normal to insert needles! High leverage and high positions will definitely make you unable to take them down. Low leverage and batched low and medium positions are the basis for survival!
Don't enter the cottage today for the time being! Including the copycat leaders ETH and SOL! I always feel that today SOL will soon end this wave of growth after the market rebounds!
Follow Brother Chen to avoid getting lost, like and comment to increase wealth!
Good brothers! Today, the market seems to be consolidating and accumulating strength. It seems that it can't go down. It stopped falling near 87,000!
Yesterday, my short position was sold at a profit, and I made some money! I will continue to watch the market in the future! Give analysis, pure suggestions, not investment guidance attributes, if you like it, read it, if you don't like it, take a detour! There are many trolls, I am not afraid of scolding! Because I don't attract traffic or pay, I just like Binance! If you want to trade well on Binance, if you want to be a good kol on Binance, just write honestly! $BTC $PNUT $BOME Isn't meme hot recently! So I pay more attention to Musk. Just now I went to x to read Musk's tweets and saw that he reposted another coin today. Will there be another Destiny Child event this year?
The mentality of the air force must have reached the freezing point! I am almost there too! The big cake slapped me in the face again, and some unfamiliar people sprayed me again and looked down on me! There are so many trolls in the square, and I don’t even know them and they start to criticize the parents!
Hey, what else can I say! Gamblers are not hateful, but the trolls who can’t afford to lose after losing the gamble are really hateful! Go to tm! Don’t come to me, I don’t know you! I am also losing money! If you make a mistake and get beaten, you have to stand at attention! What are you spraying? The more you spray, the faster the warehouse will be blown up!
Who can make money forever? If you are wrong, you are wrong. I will stop this week and stop shorting contracts!
Now the cottage is also taking off! Not shorting for the time being! The big cake is so interesting! This control is really outrageous! Let’s see it go for a few days. My short contract has been damaged again, and I have stopped loss for three consecutive days! What if I don’t have spot goods? But the cottage spot goods in my hands have started to move! Fortunately! My good brothers who have been following me for a long time have bought a lot of BOME spot and hold on to it. This round of bullish BOME has reached 0.05!
This year's crazy bull market is indeed here! If it really rises to January 20, 2025, when Trump takes office, there are still 67 days! What a ridiculous place these 67 days will be! I dare not think about it!
Now even if there is a 10,000-point correction, I will not do it! Go to hell! I won't play with it!
I want to honestly do spot and unilateral long orders!
Finally, the white market calmed down. Before the evening market came, the surge trend of the white market of the big cake was interrupted today. It was very intuitive. It had been sideways all day! Now it is in trend consolidation! The consolidation trend is neutral at the hourly level, neither strong nor weak! How many K-lines are prepared to move? At present, both long and short positions are unfavorable. Report that my short order last night was hit again and stopped! I am now in a wait-and-see state! Not to mention the trend order, even the short order makes me shake my head a little! I hope to see a new trend direction this week! Maybe there will be some movement after the US stock market opens tonight! Although I am in a cooling-off period, I am still bearish on the small and medium trends if the big cake does not stand above 90,000! $BTC Ethereum and Solana have begun to go out of a small decline! Many cottages did not make up for the rise when the big cake was consolidating, but went the other way and fell in advance. Is this a sign of a new round of big cake turning into a bearish trend? $ETH $SOL The four-hour level trading volume has been shrinking for three consecutive times! The MACD indicator has shown a top divergence pattern near 90,000 in the four hours. Whether this wave will continue to pull back depends on whether the big cake can stand firm at 87,200! If it can't stand firm, it will continue to explore around 84,300! Because the lower track of the 1-4 hour level rising channel is at 84,500-84,300!
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Tonight, the US stock market has opened, starting high and then falling, plunging right after the opening! Closing needle! Let's wait and see for a few minutes! If it continues to go down, Bitcoin must go down tonight! $BTC
Air Force brothers, the major correction you wanted has quietly begun! Don't catch falling knives now! Don't act impulsively! A huge amount of funds has flowed out from the US BTC ETF! New retail brothers, do you still think it's bullish? If you continue to be bullish, go ahead and buy, it's just the right fuel!
$BTC This wave of correction doesn't feel as outrageous as many say, like 30,000 or 40,000! Don't be unrealistic!
I first see it around 78,800! If it breaks effectively, it will directly go down to around 72,000! If it breaks further, then watch 68,000!
I see the lower limit for Ethereum around 2,820!
This wave has begun! How much will it correct, 10,000 or 20,000? Let's guess! We'll see! Air Force, get your weapons ready! Let's take down the brainless bullish new retail investors!
Hahaha, thinking back to my decision yesterday to start shorting in batches at 85,000, it seems to be right at this stage! I'm already in floating profit, and I've set up an automatic stop loss!
I want to see how deep this wave can go!
Go go go!
Don't panic in spot trading, if you want to add positions, wait for 72,000 for Bitcoin and 2,820 for Ethereum! Then add more or get on the next ride!
Contract brothers! Manage your own risk, strict stop loss! The previous high is the stop loss point!
$BTC This market is really killing people! It is difficult for anyone to get out of it! Unless you don't move! At the beginning, it was pulled up to 70,000, you didn't feel it and didn't get on the bus. When it was pulled up to 72,000, you also wanted to take a look. When it was pulled up to 75,000, you sighed! When it was pulled up to 78,000, you were a little numb, but it began to stimulate the emotion of missing out! When it was pulled up to 80,000, you said, hold it, short it, and the next day it went straight to 85,000, and you were deeply trapped! Then it went up to 90,000 and completely wiped out the air force. When it reached nearly 90,000, you were tempted, and the long orders were full, and the position was full. As a result, is there a big turnaround?
Too greedy! Close to the explosion value!
Now it is 84,660 again, and it was only 37 points away from 8.5w just now! So close, are there still air forces alive now? The big air force square keeps brushing records of millions and tens of millions of U, a few hundred million U of liquidation, blood! Now, I believe that there are not many big brothers who can understand by technology, this round kills technical guys! What is the meaning of the main force pulling like this? Can anyone tell me? Is this faith? I think it has changed! This round is not pulled up by retail investors, but all pulled up by the main force. Who will take over such a bull? Isn't it profitable to just pull it up? Zhuang sir! Or is our pattern too small! Will Bitcoin go to 1 million US dollars in this round of bull market? Is it still a cabbage price now? The time node of the big promotion distribution that I have been waiting for is getting closer and closer!
At this stage, my view is: the blockchain bull market that does not belong to retail investors is not a real bull market! It's just a bull market for big cakes. Most of the cottages have no movement. The ending is that a solitary coin is difficult to ring!
Rapid pull, no one got on the bus, or the more you buy, the more expensive it is. Do you really think that the leeks are stupid now? It took a week to pull up the market, and it only took a moment to go down! This situation will definitely happen again!
Contract parties with short positions can wait for opportunities! Or you can enter a short position with a 3% margin at 85,000! Pull up 1,500 to make up 3%! Set a loss of 90,000 and sell!
The crazy pull without looking back will definitely trap people, good brothers, don’t chase! Don’t chase the rise and sell the fall! Let it make a fuss for a few days, don’t worry, don’t FOMO, because the development process of any thing will always be constantly retreating! #牛回速归,晒晒你的持仓? #BTC连续破新高,你看到多少? #BTC☀ #离谱的行情
Is Bitcoin's rise above 80,000 driven by faith or conspiracy?
$BTC To be honest, I have to put a question mark on the article and viewpoint I posted on the 4th, to make a review record, because this market is really behaving too absurdly! What driving force has caused Bitcoin to rise directly to 80,000 without any pullback? Bull? Has the real bull market really begun? Is this the change in institutional bull markets? In previous bull markets, before the crazy bull began, there would always be a large pullback to gather strength before skyrocketing, making everyone go crazy! This time there was no pullback at all, and my short position opened on the 7th has already suffered losses! This is really frustrating for me! This round of selling is definitely targeting old investors with certain historical experience in the crypto circle! Perhaps the new drivers have made money in these two days without thinking? It's been a week, and all that has exploded are short positions; during this time, I really haven't seen a pullback of 2500-3000 points or more. I believe many good brothers still insist that there will be a pullback! What is my viewpoint? I was stunned for two days; I took a good rest over the weekend, and today, on a day that is not a US stock trading day, it still shot up to 80,000! Musk and Trump did not go back on their word; they made it happen, saying that Bitcoin would reach 80,000 within a week of being elected president, and this was said when Bitcoin was still over 50,000!
It's much clearer now! I will start with an overview of my viewpoint: Let's look at the US election, it's about to settle down! Many media outlets' vote counts show Trump has won! However, the latest election results from the Associated Press (AP) have not been fully released yet! Currently, it's 224:267, Trump is just 3 votes away from 267! But why do we have so many positive news coming in, and most people in the market are shouting that the crypto market is about to soar, yet why have we still seen such a significant drop in the 15-minute timeframe? Looking at Bitcoin: $BTC First, the phenomenon that good news completely priced in becomes bad news is always repeatedly validated in the crypto market!
Second, during the election process, Trump has consistently maintained a lead in votes and has never been overtaken, which has raised market expectations! There was a strong breakout to around 75654! This is the power of sentiment; after the sentiment peaks, do retail investors not take their profits? Right? Therefore, a pullback is definitely inevitable.
Third, the liquidation positions for bulls and bears are very clear. The profits from the bulls' explosion are definitely more lucrative compared to the bears' profits right now. Americans do not elect a president every day, nor do we always have such a favorable overall market sentiment supporting the crypto market. The positions for both sides have never been so clearly arranged, so what direction will the main forces choose?
In my understanding, the rational direction at this critical moment is definitely to head south, not north!
Current resistance and support 4-hour level resistance: basically none, if there is, it would be the previous high of 75654
Support in a trending market is meant for testing and breaking through! Never hold onto the belief that it can hold; anything can happen!
The first three support levels above also match with high leverage liquidation points. How today goes, we still need to wait for the market to unfold! Providing this as a reference for my good brothers! Good luck to everyone!
In the past few days, the market has been on a downward trend, having formed the sixth consecutive bearish candlestick. By 8 AM tomorrow, the Binance candlestick chart will verify whether it’s a continuous 6 bearish candles or 5 bearish and 1 bullish candle? Almost a week has passed, $BTC continuously dropping from a high of around 73657 to a low of around 67452! The space in between has a profit margin of up to 6200 points!
I’m not always profitable, nor do I open positions at the highest point or close at the lowest point! However, I currently still hold a small short position opened near 72000, and I have already set up a stop-loss. If there’s a rebound tomorrow, I will take this part of the stop-loss margin! If it continues to plunge deeper, I will still hold on! Just consider it a stubborn plaster; you can't shake it off!
In the past six days, Bitcoin encountered strong support at 67450, and it has stopped going down for two consecutive days! So, will the trend change? Many big players seem to have started converting shorts to longs? From a four-hour perspective, the downward structure is indeed still a downward trend! Nothing has changed! I still see tomorrow as November 5th, the U.S. election! Tomorrow will be very crucial!
Regardless of whether it's Mr. Trump or Ms. Haha in the election, both will cause some market fluctuations tomorrow! I really can’t understand this kind of market, so I plan to rest and observe tomorrow without opening new trades!
In this kind of market, I definitely won’t open new positions tomorrow, regardless of any coin! I truly can’t see the direction for tomorrow! Not understanding it means I will wait for the right-side trading signals, which although may seem clumsy and earn less than left-side trading, it’s stable enough to allow me to survive longer in the circle, naturally with a slightly larger margin for error! After the election results come out, and I have a certain direction, I will take action for short-term trading!
The above is for the reference of my contract trading brothers! As for my spot trading brothers, don’t rush! Let’s wait until this week is over and then see; there’s plenty of time!
Currently, looking at the short-term pressure support levels: 4-hour pressure levels 69490, 71640 4-hour support levels 67450, 67050, 66600, 62857
The reversal will depend on which side breaks through tomorrow, changing or continuing the structure! If we see more than two breakthrough points and a continuation trend, I will open new short-term positions on that side!
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