比特币

Deribit Data: Over $3.4 Billion in BTC and ETH Options Expiring This Afternoon

According to official data from Deribit, this Friday (May 23rd, 16:00 Beijing time), the market will face the expiry of nearly $3.4 billion in BTC and ETH options.

Currently, the open interest for Bitcoin call options is 11,453 contracts, and the open interest for put options is 13,966 contracts, corresponding to a put/call ratio of 1.22, with a nominal value reaching $2.836 billion and a maximum pain price of $104,000.

Meanwhile, the open interest for Ethereum call options has reached 89,16 contracts, and the open interest for put options is 112,337 contracts, corresponding to a put/call ratio of 1.26, with a nominal value of nearly $548 million and a maximum pain price of $2,450.

Overall, the current trading volume of put options (bearish options) for BTC and ETH is significantly higher than that of call options (bullish options), which may reflect market participants' strong expectations for a price decline in these two cryptocurrencies in the short term, or they may be using puts to hedge against potential market volatility risks.

In summary, as we approach the expiration date of Deribit exchange options this Friday, market volatility may increase, which could in turn affect the price trends of BTC and ETH.

Finally, do you think this options expiration will have an impact on the cryptocurrency market? Will you adjust your contract positions in advance based on the performance of the options market?

#Deribit #期权到期 #比特币 #以太坊

A new day has begun again, and after the early morning, a new round of exploration has finally reached its peak, rebounding to the high point of 111959. Currently, the pressure level above at 112000 will inevitably be broken. The performance of Ethereum is primarily around a fluctuating pattern, remaining under pressure at the 2700 level, and has not established a unilateral structure, with bulls and bears alternating back and forth. Today is also Friday, so be cautious of a downward trend, and maintain your defense, responding to changes with consistency.

From the current market perspective, Bitcoin has once again broken new highs on the daily chart, and after consecutive increases, it has not shown any signs of weakening momentum. Instead, each time it experiences a pullback, it continues to break through, maintaining a strong overall rhythm and consistently consolidating at high levels. On the four-hour structure, the market is consolidating horizontally before continuing to oscillate upward. The Bollinger Bands are still opening with the moving averages running upwards. As the pressure levels rise, the support below is also being continuously refreshed. Accompanied by technical pullbacks or retracements, it can initiate a second upward momentum. The trend remains strong with abundant momentum, so continue to maintain a strategy of buying on dips. In terms of operations, it is advisable to enter positions based on the intraday range, keeping a close eye on entry points. Bitcoin is primarily moving in a fluctuating structure, and the overall trend still remains bullish.

Bitcoin can be bought in the range of 110500-111000, aiming for around 113000. Ethereum can be bought in the range of 2630-2650, aiming for the 2700 level, and if it breaks through, look for 2750.

2025.5.23 Daytime Market Analysis

High-level fluctuations, you can wait for a pullback to enter, Bitcoin's 4-hour fluctuation is mainly sideways, the upward trend is still there, there are no significant spikes and no large declines... After the weekend's pullback, choose to enter again...
That day: 4-hour divergence for Bitcoin looks at high-level fluctuations, Ethereum's 4-hour looks at bullish fluctuations
Weekend: At the end of the month, the Bitcoin Conference will open on May 27, 2025, in Las Vegas, lasting for 3 days -- pullback support at 109000, 106000, around 2620-2600 can still continue to go long... Look for small-level bottoming to enter

Resistance levels: 2750, 2850, 112800, 117100
Support levels: 2630, 2520, 108000, 105000

Ethereum that day: 4-hour upward fluctuation... Touching near previous highs to take profit and exit... Long positions at 2635, 2645, adding at 2605, 2590, stop loss either technically or manually at 2580, current price 2670 chasing long positions can only make a profit of 20 dollars, take profit at 2700, 2685, set a breakeven spike in advance at 2730

Bitcoin that day: Bitcoin's 4-hour divergence, no sustained push to raise prices, reference long positions at 109000, 106700, current price, take profit at 112200, 112800, set take profit in advance

For reference only, control positions and manage #比特币 #以太坊合约 #btc #eth

Friday Morning Thoughts: Latest Analysis of Bitcoin and Ethereum

Looking back at yesterday, Old Tian mentioned the strategy of buying on dips, which perfectly met expectations. The market has almost completed its movement, and the layout is basically finished; in two words: take off! The market has generally been oscillating within a range. Whether it's buying on a pullback or selling on a rebound, we can accurately manage it! The strategy has been publicly laid out, and since yesterday, the approach has been to buy on rebounds and sell on pullbacks, managing the highs and lows of the range. All our live trading friends are basically eating well again! If the market is hard to grasp, find Old Tian to help you manage it well. We will continue to maintain the strategy of buying on dips this morning.

Bitcoin's daily chart shows a rebound after hitting a bottom, and it is currently in a stair-step upward structure with three consecutive bullish candles. Although there was a slight pullback after reaching a new high, the pullback was minimal, and the bullish trend remains unchanged. Ethereum has also strongly reclaimed the 2600 level and is currently fluctuating below the 2700 level, undergoing a corrective consolidation. From Ethereum's daily chart, it is more intuitive; every time it hits a bottom, it quickly bounces back, and each pullback has not broken the previous low. The lows are also continually rising, indicating strong support below. The market is building momentum through continuous oscillation, which will result in a robust daily candle stick after today's close, constructing a middle bullish K-line. Bitcoin's 4-hour chart is currently undergoing a corrective consolidation at a high position, aligning with the stair-step upward pattern. Today, we will surely see a new high again, and each pullback is an opportunity for us to buy.

Morning Trading Suggestions:
Bitcoin: Buy in the range of 110000-110500, target 112000.
Ethereum: Buy in the range of 2600-2630, target 2700.

#比特币 #比特币走势分析

Analyst Little Horse's Diary: On 5/23, Bitcoin and Ethereum slowly rose and fluctuated throughout the afternoon. I planned to place short positions near 111500 and 2730. The market fluctuated downwards in the afternoon, directly dropping to around 110300 and 2650, allowing for timely exits. The short positions captured nearly 1200 points and 80 points of space, continuing to profit successfully. As long as we grasp the trend and the waves, both long and short positions can gain substantial points. Although the journey has had some twists and turns, the control over the market remains strict, and the final outcome is still beautiful. I believe that those who have participated in Little Horse's strategy recently, whether in short or long positions, have greatly benefited. The bull market has arrived, and making profits is that easy; just keep up with the rhythm. Analyst Little Horse's Diary suggests evening operations: Buy Bitcoin around 110000 to 110500, targeting around 112000; buy Ethereum around 2620-2640, targeting around 2750. The market is volatile, and Little Horse hopes everyone will primarily follow real-time tracking guidance.

Morning Market Analysis on May 23

Break High Stops, Short-term Watch for Pullback
Yesterday, Bitcoin once again refreshed its historical high, reaching a peak of around 111900. After the price rose last night, it continued to fluctuate at high levels, and there was not much continuation in the afternoon and evening. After the market went up, it also experienced a brief pullback. Currently, the upward movement is hindered, so continue to maintain a bearish outlook for operations!

Trading Suggestions:

Bitcoin: Short near 111500, target 110000-108000
Ethereum: Short at 2680-2700, target focus on 2500-2400 #比特币

The morning market has once again completed its cycle, with Bitcoin retreating to stabilize around the low point of 110,700, followed by a rebound to the high point of 111,700 where it faced pressure. It remains in a correction state after a significant surge. Ethereum, on the other hand, has broken through the 2,700 mark after a continuous rise this morning but is now under pressure with a fluctuating trend. After providing a bullish outlook this morning, Feige also positioned Ethereum to buy at 2,660, planning to exit when it rises to 2,725, achieving a profit of 65 points. The remaining positions can continue to target around 2,750. This is how the market trend is; in a bull market, don’t aim too high, as strong momentum doesn’t indicate a peak, and when there are no signals for new highs, one must be fearless.

Currently, from the market perspective, Bitcoin's four-hour structure is still in a broad sideways consolidation range, with short-term back-and-forth trading forming signs of a technical bottom rebound but not leading to a sustained breakthrough of a one-sided effective structure. Instead, it has reached a point where it shows signs of pressure at the middle track. Therefore, the range of 113,000-110,000 should be closely monitored. In Ethereum's four-hour structure, it has been consistently breaking through with consecutive bullish candles. When Bitcoin reached a new high, Ethereum was at its peak. Currently, the two are not comparable, and there is still room for further gains in the future. However, after the sharp rise, a certain strong pullback is also likely. Therefore, the strategy remains to buy on pullbacks, adapting flexibly to the market's bullish and bearish patterns.

In the afternoon, Bitcoin can be bought in the range of 110,300-110,800, looking towards 112,500, while Ethereum can be bought in the range of 2,670-2,700, aiming for around 2,800. #比特币 $BTC

Analyst Xiao Ma's Diary: On 5/23, Bitcoin and Ethereum slowly rose and fluctuated throughout the night. I laid out short positions around 111800 and near 2670. The market fluctuated and dropped overnight, directly falling to around 110700 and near 2630, allowing for a timely exit. The short positions captured nearly 1100 points and 40 points of space, successfully profiting. As long as you grasp the trend and swing, both long and short positions can capture a lot of points. The journey may have been slightly winding, but the control over the market remains rigorous, and the final outcome is still beautiful. I believe that those who participated in Xiao Ma's strategy recently, whether in long or short positions, have greatly benefited. The bull market has arrived, and making profits is that easy; just keep up with the rhythm. Analyst Xiao Ma's Diary suggests afternoon operations: Short Bitcoin around 111500 to 111900, targeting near 109000; Short Ethereum around 2730-2750, targeting near 2630. The market is volatile, and Xiao Ma hopes everyone will prioritize real-time tracking and guidance. #比特币突破11万美元 #BTC再创新高 #比特币

Friday Evening Bitcoin Ethereum Market Analysis and Trading Suggestions

Reviewing the afternoon's approach to buy on the dip, the real-time market retraced near the 110500 line, followed by a swift rebound reaching around 111300. Our afternoon strategy was perfectly executed. We had set up a short position in the afternoon to catch a wave retracement, but we didn't enter the market in time, unfortunately getting stopped out by over a hundred points. After all, those who walk by the river may get their shoes wet; a small loss won't change our firm belief in the strategy of shorting high and buying low. Currently, the market shows significant volatility, and there are opportunities for both long and short positions at the right levels. Friends, you must control your hands and strictly manage your positions. The real-time market is currently oscillating around 111100, and we will continue to maintain the buy on the dip strategy this evening.

In the 4-hour chart, Bitcoin is supported by the 110000 level and the middle Bollinger Band, forming a bullish divergence. In the short term, we should continue to maintain low positions with the middle band as a defensive line. If it falls below the middle band, we will adjust accordingly. The 1-hour chart shows an upward trend line formed as the lows rise, with trend line support coinciding with the middle Bollinger Band support around 108000. Therefore, in the evening, we can participate by buying on the dip above the middle band support. Aggressive traders can choose to take a light short position on the short-term market and wait for a retracement, while conservative traders should wait for a retracement to build strength before entering.

Trading Suggestions:
Buy Bitcoin in the 110000-110500 range, targeting 112000.
Buy Ethereum in the 2600-2640 range, targeting 2700.
#比特币 #比特币走势分析

周五午后比特币行情分析及操作建议

大饼目前4小时级别横盘，留意横盘区的底110000这个位置，只要不跌破此位置，小级别反弹是必然的，如果今天跌破横盘区的底110000这个位置，那4小时级别就要开始回调，注意下方支撑点109500一线。我们的高抛低吸策略这个时候就是真正发挥作用的时候，个人建议目前这个阶段可哆入场。目标112000附近#比特币 #比特币突破11万美元 #BTC再创新高

The market is entering a highlight moment! From yesterday until early this morning, Bitcoin successfully refreshed its historical high point. Although it is currently facing some resistance at the 112000 level, the bull market remains strong, and market enthusiasm continues to rise. Notably, this round of the bull market is distinctly different from last year's; it is no longer a straight surge but rather a steady rise characterized by pullbacks, fluctuations, and consolidation.

Yesterday's market performance perfectly validated the bullish strategy. The price first dipped to 110238 and stabilized, then entered a mode of fluctuating ascent. Based on precise market analysis, we established long positions around 110749 in the morning. As the market developed, the price reached a high of 111753, allowing us to seize the opportunity and profitably exit, achieving a gain of a thousand points. The current market situation is clear, and any pullback presents an excellent opportunity to go long. By closely following the trading strategy, significant account growth is expected.

From a technical analysis perspective, the daily chart displays a clear step-like upward trend. After a rebound from the bottom, three consecutive bullish candles strongly lifted the price, and even after reaching a new high, the pullback was limited, fully demonstrating a market pattern dominated by bulls. Ethereum also performed well, not only strongly reclaiming the 2600 level but currently consolidating below 2700. On Ethereum's daily chart, every decline has quickly rebounded, with higher lows being established, indicating strong support below. During the bull-bear contest, the market continues to accumulate upward momentum, and it is expected that a solid bullish candlestick will form at today's closing. The 4-hour chart for Bitcoin shows price oscillating at high levels, aligning with the step-like upward pattern, indicating the potential for another new high today.

Regarding operational suggestions, Bitcoin can be bought on dips in the range of 110200-110700, targeting 113500; Ethereum can be positioned long in the range of 2650-2680, with a target price of 2800.

Good morning everyone! A new day in the market has already begun. Looking back at last night's market, Bitcoin first experienced a slight pullback, followed by a strong upward trend, breaking through strongly in the early morning and refreshing the historical high to around 111,959, before pulling back to the 111,000 level; Ethereum fluctuated down from the evening high of 2,679 to 2,625, and then gradually stabilized and rebounded.
Recently, the bullish forces have been strong, continuously pushing the price ratio to new highs. It is worth noting that after each high, there will be a certain degree of pullback, but the key psychological price level of 110,000 shows strong support, effectively defending the bullish territory.

From the four-hour technical chart perspective, Bitcoin and Ethereum maintain a high-level fluctuation pattern. The candlestick body is relatively small, indicating that both bulls and bears are caught in a stalemate; however, neither side has formed an overwhelming advantage, and the upward momentum of technical indicators has also slowed down. In the short term, although the bulls have the upper hand, a significant rally is likely to be difficult to achieve all at once; in terms of hourly trends, the fluctuation characteristics are more pronounced, with Bollinger Bands tightening noticeably, and the price fluctuation range continuing to narrow, indicating that the market is about to welcome a new round of directional choices.

Based on the current trend, the short-term trading suggestions for the morning session today are: for Bitcoin, consider placing a long position near 111,000, targeting a price level of 112,500; for Ethereum, consider entering a long position near 2,620, targeting 2,700. #比特币 $BTC

Analyst Xiao Ma's Diary: On 5/23, Bitcoin and Ethereum gradually rose and fluctuated last night. In the evening, I planned to open short positions around 111300 and near 2680. The market fluctuated downwards throughout the night, directly dropping to around 110000 and 2620. The short position strategy captured nearly 1000 points and 60 points of space, successfully profiting. As long as we grasp the trend and the waves well, both long and short positions can gain considerable points. Although the journey was somewhat winding, the control of the market remained rigorous, and the final outcome was still beautiful. I believe that participating in Xiao Ma's strategy recently has been very beneficial for those who did not just trade short positions. Analyst Xiao Ma's Diary suggests trading in the early morning: short Bitcoin near 111500 to 111800, with a target around 108000; short Ethereum near 2680-2700, with a target around 2580. The market is volatile, and Brother Xiao Ma hopes everyone will primarily follow real-time tracking guidance. #比特币突破11万美元 #BTC再创新高 #比特币

A comprehensive analysis of the logic and win rate differences behind 1 hour, 4 hours, 1 day, 1 week, and 1 month candlesticks,
so you can stop trading blindly and truly understand the market rhythm! Let's look at the real data:

Taking #比特币 as an example, in the past period:

The proportion of rising candlesticks by period: 1 hour 50.09% 4 hours 52.14% 1 day 54.42% 1 week 57.37% 1 month 58.82%

👉
Smaller periods are more prone to fluctuations, with more signals and noise

👉
Larger periods are easier to capture trends, but react slowly, suitable for patient individuals

📌
Beginners or office workers: It is recommended to look at the "daily" or "weekly" charts

Spending just 10 minutes a day on review is enough

Fewer operations lead to a lower probability of mistakes

Can better grasp trends, such as getting on board at the beginning of a bull market

📌
Full-time traders or high-frequency users: You can look at "1 hour" or "4 hours"

Suitable for short-term speculation and adjusting positions during trends

But it requires more experience, discipline, and emotional control

Remember: your trading period should match your personality, time, and risk preference!
How to use periods together? (A little tip)

🔁
Multi-period resonance rule:

Use larger periods to determine the direction, and smaller periods to find entry points
For example:
If the weekly chart shows an upward trend → Daily chart shows a pullback → Enter when there is a rebound on the 4-hour chart
This way, you follow the trend without chasing highs $BTC

May 22nd Midday Analysis

Bitcoin 1-hour chart shows potential for further upward price ratio, but it is necessary to be cautious of short-term pullback pressure. The previous high of 111866.4 acts as resistance, and breaking through it may open up further upward space. Since the current price ratio has entered the upper Bollinger Band, it may indicate the possibility of a pullback or fluctuating trend in the short term.

Operational Suggestions:
Bitcoin: Short around 110800, target around 109500

Altcoin: Short around 2620, target around 2550 #比特币

The bull market returns, with bulls celebrating. The price comparison fell back to the 106000 level early in the morning and stabilized. With the strong structure of the bulls, it rebounded all the way to the 111800 high point, ultimately refreshing the previous high and creating an extended space. Ethereum follows the same trend as Bitcoin but remains stuck in the range around the 2600 mark, constantly cycling up and down. The upward potential is not as significant as that of Bitcoin, but there is still a possibility of catching up in the future. Yesterday, Fei Ge provided a bullish outlook around 105000, and I believe that regardless of the entry point, everyone can see considerable results. In such a favorable environment, entering the market is like taking off.

From the current market perspective, Bitcoin maintains a continuous upward trend on the weekly chart, with a strong one-sided structure. Although there are technical corrections, it still provides momentum for a second upward exploration. On the daily chart, the price comparison continues to rise, and after horizontal consolidation, it breaks through the resistance level again. The previous high has also been refreshed, indicating that momentum remains very strong. On the four-hour structure, continuous upward candles form relatively full medium-sized candles, maintaining a trend of oscillating upwards, and the Bollinger Bands still open upwards, which aligns with the method of pulling back to buy. After a brief technical correction, it will still follow the bullish trend. Therefore, if the support level below 110000 does not break, there is still potential for further highs above.

In the afternoon, Bitcoin can be bought near 110500, targeting 112500, while Ethereum can be bought near 2600, targeting 2700. #比特币 $BTC

Thursday afternoon Bitcoin and Ethereum latest market analysis and trading suggestions

Looking back at the midday strategy of buying on the dip, it perfectly paid off, with the real-time high reaching around 111800, close to the 112000 mark, but did not break through effectively. Lao Tian emphasized in the midday strategy that long positions could exit early. The real-time market also retreated to around 110400 as expected. We positioned short at high levels to capture the dip, securing a profit of 763 points. Friends who followed the buying on dips strategy in the afternoon have now gained hundreds of points. Currently, the direction of the market is very important. We will continue to maintain the strategy of buying on the dip in the afternoon. Lao Tian firmly believes that each dip in the real market is just to gather strength for a better breakthrough.

According to the analysis of the current technical indicators, the four-hour level shows that after a single-sided break above the upper Bollinger Band, there is pressure and a pullback, but overall, it is still in an upward channel, and the pullback can be seen as a corrective adjustment in the trend. The one-hour level shows three consecutive bearish candles falling below the upper Bollinger Band, but the Bollinger Band maintains an upward opening shape, and the MACD fast and slow lines remain above the zero axis with continuously accumulating positive values, indicating that the short-term pullback has not changed the medium-term upward trend.

Trading Suggestions:
Buy Bitcoin in the range of 110000-110500, target 112000.
Buy Ethereum around 2620-2640, target 2750.
#比特币 #比特币走势分析

Thursday Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions

Looking back, the Bitcoin price has been hovering between 111,000 and 110,000 in the afternoon, with a very stable fluctuation range. This is a normal phenomenon, as the market needs a rest adjustment period after a period of high-intensity volatility; this is also to store power for the next surge. Ethereum, on the other hand, has been steadily rising with minimal fluctuations.

In the 4-hour chart for Bitcoin, there have been two consecutive bearish candles, but the third candle can stop the decline and stabilize, indicating that the short-term market is still in a strong corrective trend and not weakening. Currently, the Bitcoin price is forming support on the middle band of the Bollinger Bands; as long as the middle band maintains its trend, the upward trend will not be affected. We will continue to use a high sell, low buy strategy to follow the market steadily.

Bitcoin around 110,000 is a buy target of 113,000
Ethereum around 2,600 is a buy target of 2,750
#比特币 #以太坊ETF批准预期 #币圈
#比特币合约 #以太坊合约

The Origin and Early Development of Bitcoin

The history of Bitcoin can be roughly divided into four stages. Today, let's discuss the first two stages: The Birth Stage (2008-2009)

Theoretical Proposal: In September 2008, the global financial crisis was in full swing. On October 31, an individual identifying as Satoshi Nakamoto published a paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" on the 'cryptopunks' mailing list. This paper detailed how to create a decentralized electronic transaction system that does not require trust between the two parties involved.

The Birth of the Genesis Block: On January 3, 2009, Satoshi Nakamoto mined the first block of Bitcoin, the Genesis Block, on a small server in Helsinki, Finland, and received a reward of 50 bitcoins. This marked the official birth of the Bitcoin network and ushered in the blockchain era. Nine days later, the first version of the Bitcoin client was released, bringing Bitcoin into the public eye.

Early Development Stage (2010-2012)
First Transaction: In May 2010, programmer Laszlo Hanyecz from Florida used 10,000 bitcoins to purchase two pizzas, marking the first time Bitcoin was used as a currency in history.

Price Fluctuations and Platform Establishment: On July 11, 2010, Bitcoin was reported by the famous news site Slashdot, leading to a rapid increase in users. Five days later, the price of Bitcoin surged from $0.008 to $0.08, a tenfold increase. On July 17, the first Bitcoin platform was established. Gradual Recognition: On February 9, 2011, the price of Bitcoin first reached $1, equivalent to one US dollar. Subsequently, exchange platforms for Bitcoin with the British Pound, Brazilian Real, and Polish Zloty were also established. This year also saw many negative events, such as the trading platform Mt. Gox and the dark web Silk Road, pushing Bitcoin's market value to a peak of $206 million, but it later fell due to various issues.

Meetings and Fund Establishment: On September 15, 2012, the London Bitcoin Conference was held, with the price of Bitcoin at $11.8; on September 27, the Bitcoin Foundation was established, with a price of $12.46.
#比特币