Advisor discusses hot topics:
Today is Saturday. Looking back at last week, were you a bit excited? Bitcoin, leading Ethereum and some altcoins, indeed rose, while everyone is discussing whether we are headed to the moon!
But don't forget, this is still a full 70% away from the historical high of $4870! By the time that day actually comes, it’s likely your home-grown retail investors would have already been harvested several rounds.
Let's talk about the memes of predicting the market, haha, does anyone really believe in this? In the crypto world, K-line analysts perform their operations, but can K-lines actually be used? The answer is quite absurd; when you use K-lines to view the market, the market maker uses K-lines to harvest retail investors, precisely.
Have you thought it through? In this unregulated market, if the market maker is in a good mood, they will push the price up; if they are in a bad mood, they will drive it down. It could even be because their pet laid eggs at home, or maybe the market maker just woke up and wanted to move. Can you predict that?
Let's talk about the fundamentals. After hearing so much about 'good projects' in the crypto world, how many can really rise? You know the answer! Many people are still immersed in the fantasy that it will rise in the future, but the fact is that the ups and downs in the crypto world have nothing to do with your imagined fundamentals.
Surrounded by a bunch of retail investors, to avoid being cut more badly, you can only increase your understanding and learning. Don't end up not even knowing how you got cut and have become a 'potted plant level' retail investor.
During a voice call with fans yesterday, the advisor shared a personal view that many people base their analyses on MACD, RSI, and KDJ, but you should know that this type of analysis relying on indicators is something everyone can see and learn.
From the perspective of market games, if everyone could make money, then who would be losing? After all, the crypto world does not create wealth; it’s merely a process of wealth transfer.
Ultimately, don't fantasize about shortcuts to getting rich in the crypto world. The market here is unpredictable; rises and falls depend on the market maker's mood and profit motives. Listen less to KOLs rambling on and avoid those so-called 'market predictions.'
Advisor looks at the trend:
Bitcoin's trend is not much different from the previous day, currently hovering around 76.3K after a high point retest. In the short term, you can reset the lower trend support line and continue trading along with the 20-day moving average trend.
Due to the ongoing market influenced by Trump, Bitcoin continues to hit historical highs, so pay attention to the psychological resistance level above and anticipate another test of the high.
Resistance level reference:
First resistance level: 76600
Second resistance level: 77300
Support level reference:
First support level: 75800
Second support level: 75400
Today's trading suggestion:
The current goal is to break through the resistance level and stabilize. Once the resistance is broken, it will turn into support, so it's recommended to gradually raise the support level for risk management.
Additionally, you can also pay attention to the 20-day moving average trend. Although it might briefly break below, there’s a higher probability of forming a lower shadow, so use 75.8K as an important support level for trading operations.
With Bitcoin continuously hitting new highs, the view remains bullish, and look for entry opportunities near the marked support level. Because volatility may be low over the weekend, the advisor suggests waiting patiently before trading, looking for positions that can quickly achieve a high risk-reward ratio.
11.9 Advisor's wave strategy:
Long entry reference: 75400-75800 range long Target: 76600-77300
Short entry reference: 77600-78000 range short Target: 76600-75800
