$1000SATS SATS broke through the previous pressure level of 0.0003056, quickly went up to the next pressure level of 0.0004278, and then quickly pulled back. The current price is around 0.00028, and it has not fallen out of the upward price channel. At present, SATS is still in an upward trend in the general direction. If it does not fall below the support level of 0.00027, friends who have orders do not need to panic. In the short term, you can do a low-level long operation, and those who are bearish should try to be bearish instead of shorting. At present, the SATS small cycle is resting in this bottom pattern, so we can look forward to the next rise of SATS after the adjustment.
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Analyze a hand of Ethereum. Looking at the weekly level, the shape appears to be a door or a circular arc, currently this price is close to the neckline at 3440, seeking a breakout. At present, the MACD for Ethereum's weekly price is trending upwards, KDJ is also trending upwards, indicating that the overall direction is bullish, so shorting Ethereum is not recommended. Finally, hold a hand of Ethereum, 3440 is not an obstacle, 4000 is not the destination, believe in it once more. Currently, Ethereum's short-term cycle has a need for a pullback, the moving averages and indicators are adjusting. The biggest short-term pressure is at 3440, and if it breaks through, we can see 3570, with support levels at 3320 and 3000, where you can try placing orders at the support levels. Just to clarify, it's impossible to achieve 100% profit in trading, and I can't guarantee that I will catch every pullback. But regardless, we must focus on the overall direction, never go against the trend, acknowledge mistakes if they occur, manage stop losses well, and cut losses when necessary. Also, those who don't like my viewpoint can criticize, but before you criticize, can you clarify whether I'm saying bullish or bearish? That's it, whether you like it or not, please pay attention, thank you.
The current price of Bitcoin is not recommended for entry; wait for a pullback and analyze the overall market. According to ChainCatcher, BTC is under pressure at $99,000. Statistics on large orders show that large holders have accumulated $62.51 million in sell orders above this level, with an average selling price of $99,001.9. Michael Novogratz, founder and CEO of Galaxy Digital, stated that Bitcoin is expected to break through the highly anticipated $100,000 barrier during a strong rebound after the U.S. elections, but this does not mean it will continue to rise. Although reaching six figures for Bitcoin is 'inevitable' and may continue to rise, a pullback will eventually occur. Currently, there is a significant amount of leverage in the cryptocurrency market, and the crypto community is highly leveraged, so a market correction is imminent. This indicates that there is considerable selling pressure at the $99,000 position, and there is some pressure at the $100,000 level, but it should just be a minor fluctuation. Personally, I still believe in a pullback to see a rebound; if today's closing does not remain above $98,700, it is highly likely to fluctuate between $98,700 and $97,642 at a high level. The short-term resistance levels for BTC are at $100,000 and $99,299, while the support levels are at $97,642 and $96,000. The support levels can be used to set up short-term long positions, but the pressure levels are too high, and appropriate profit-taking should be done near those levels. Follow me for more analysis.
Some art is really hard to appreciate, maybe I'm just too ordinary. A roll of tape and a banana sold for an outrageous price, and Sun Yuchen bought this artwork "Comedian" for $6.24 million. Is this what unique art appreciation looks like for rich people? 😂😂😂 Posting this to prove I'm still here. Bitcoin is nearing 100,000, but I can't feel happy about it. The decision to switch from mainstream to altcoins was the worst move I've made recently. Bitcoin has been rising for a month, and I sold too early, around just over 90,000, thinking the altcoin season was coming, but then I got backstabbed by coins like Neiro. Recently, I've decided to avoid altcoins and adjust my mindset. Given the current situation, I can only wait for Bitcoin to hit 100,000 or 110,000, after which the main funds will realize they can't push it further, and the funds will flow back to the altcoins for trading. For those brothers who didn't follow me into altcoins, the mainstream coins should have made money, right? Dogecoin, Solana, and other coins are also performing quite well. Ethereum, which was criticized for two months, has recently become strong as well. It’s getting tough out there. I’ll analyze the market for my brothers later, so please keep following me, thank you. Brothers who are stuck with altcoins, let's hold on together, I believe spring will come.
1. The situation of the U.S. election is tense, with a total voting volume of 47.78 million ballots. The competition between the Democratic Party and the Republican Party is fierce, with a small gap. Many wealthy individuals plan to leave the U.S., fearing that the election results may trigger riots or chaos. Voters are worried about the election process and results, concerned about possible violent incidents. The two parties are in intense competition, with advertisements everywhere. The U.S. economy and social stability are affected by the election, and the entire world is watching the direction of the U.S. election. There is hope for a peaceful and stable outcome to avoid bringing disaster to the U.S. and the world.
2. I am really a bit worried that Ethereum's price will fall below $2000. Ethereum failed to rise when Bitcoin went up and performed violently when it went down, showing little correlation with other cryptocurrencies like Bitcoin. If the market experiences a major correction, Ethereum's price may drop significantly. Currently, the trend is downward, but I hope the market remains hot and does not experience a significant drop. If there is a big correction, Ethereum could really start with a 1.
3. I suggest everyone pay attention to altcoins like Doge and People. DOGE has political implications, associated with Musk's support for Trump, with a market capitalization of 25.5B, and an increase of +48% in the last 14 days. The PEOPLE token is issued by ConstitutionDAO; although the project has been dissolved, it still has upward momentum, related to the political attributes of the constitution and meme properties. Its current market cap is low but has potential for change. The price change in the last 14 days is -7.6%, related to the presidential election timeline.
4. PEPE's price has experienced significant fluctuations. Currently around $0.00000817. Support level at $0.00000775, Short-term resistance level at $0.00000850.
PEOPLE Support level below at 0.05776-0.05409 Short-term pressure above at 0.06390, resistance level at 0.06760 Only if the daily price is above 0.06760 could a reversal occur.
1. BTC's continuous decline has caused panic, and many brothers who are unsure about the market have to stay up late watching the charts. They haven't made money and have also ruined their health. Trading cryptocurrencies is not simply a guessing game; the continuous large bearish candles around 73000 indicate that the main funds are offloading. The current rebound is a tactic to lure in retail traders. Those who are trading the rebound should remember to take profits in time. A true bottom is formed when most people are disappointed in the market, causing extreme panic. This does not mean that the market won't rise to 80000 later, just not now. Spot trading is still lurking around 65000 and 60000; short-term rebounds are opportunities to short.
2. Currently, many altcoins have significantly corrected, and I believe many will try to position themselves in altcoins when Bitcoin rises, only to be firmly trapped at the peak. Even those trying to position in Ethereum are now left in tears. It should be noted that the current market liquidity is not as it was in previous years; when Bitcoin rises, altcoins will be drained. The fantasy of becoming rich overnight through altcoins is basically unlikely to be realized. After a bull market, many altcoins will go to zero; altcoins are just another way for capital to harvest retail investors.
3. BTC Short-term support 67000-66000-65000 Resistance 69000-70000
ETH Short-term support 2400-2380-2350 Resistance 2500-2550
SOL Support around 157 Resistance around 166-170
These coins are currently dominated by short positions; make sure to take profits on long positions in the short term, and short near the resistance levels. I also lost money on the points given around 70000 and 71000. It's better to follow the trend; a bottom has not yet formed.
Brothers, let's analyze Ethereum. The current price of Ethereum is at a low of 2540, dropping alongside our big brother Bitcoin. The bulls have been completely wiped out, shattering my illusion of a one-sided trend for Ethereum. The area around 2550 was an entry point I mentioned to everyone yesterday. There is resistance above Ethereum, and it retraced near the upper boundary of the range. When you see an increase, there's no need to chase; there will always be opportunities to get in. Currently, there are signs of a rebound on the 15-minute chart. If Ethereum rebounds at this position of 2550, the first take-profit level is 2700, and the second take-profit level is around 2800. If it continues to drop, do you remember the ascending trend line I drew on the daily chart? As long as it doesn't break below the trend line on the daily chart, it will rebound. If it continues to fall, you can consider adding positions near the trend line around 2480. Follow me for more first-hand insights.
1. When analyzing the Bitcoin market yesterday, it was said that there would be a rebound, but the volume rebound was only about one point, indicating that there is a large selling pressure near 73,000. This is what we said before. At such a high level, the rise of Bitcoin can be said to be very limited, so everyone will be asked to reduce their positions at a high position to stop profit and short at a high position. 2. Just now, Bitcoin exploded the stop loss of long orders, and most of the long order stop losses should be eaten up. At present, the small level 15 minutes is not supported near 71,000. If it continues to fall, a stop profit can be made near 70,000. If the price retraces to 71,000, it will be stopped at 71,000. The Bitcoin price of 71,000 and 70,000 are both support levels given to everyone before. Shorting at the pressure level and taking profit at the support level is a strategy for a short-term contract at a high level. Near 70,000 is the position where Bitcoin retraces to the Vegas channel line, and it is an important level of Bitcoin price in the early stage, so there is a strong support level. 3. Bitcoin does not have much room to rise near 73,000, but if it falls to 71,000 or even 70,000, the upward profit space will be larger. If you take a short position at the support level, there is also a profit space of one to two thousand above. If there is a rebound near the support level, the first stop profit position is 73,000. Follow me to bring you more first-hand consultation.
PEPE gave everyone a tip on the 28th to enter near 849, the lowest was down to 858, which can be said to be very close. It sold near the Fibonacci 0.618 at 981, allowing for a profit of 14 points. Wasn't there a pullback when it first attempted to break through 981? Later that night, it strongly surged after retesting the Vegas channel, and after the breakthrough, there was no pullback to give us another chance to get in. Therefore, I didn't send out this coin that night and didn't let everyone chase in, taking a wave of profit and then patiently waiting for the next wave is fine; the cryptocurrency market's trends are endless. Currently, for PEPE, I suggest not chasing high; instead, look to reposition near 981. Bitcoin may continue to push upwards, and we cannot rule out the possibility of another dip in altcoins. The resistance level above 1027 is a strong support from earlier, and PEPE may experience a pullback near this level. Follow me for more first-hand insights.
PEOPLE daily level, has been rising above the rising trend line, which is considered to be a relatively strong altcoin. Bitcoin has pulled back after the vampire altcoin hit the previous high, indicating that there is a major capital outflow, and it is possible that the main capital will pull up the altcoin after pulling up Bitcoin, and it can be seen that Ethereum is still rising. PEOPLE's 15-minute and 1-hour levels have reversed, and the bulls are gradually strengthening. The price of 0.075 has been tested many times today, and it broke through the downward trend line in 15 minutes. When PEOPLE breaks through the upper pressure of 0.077 and steps back, it is our opportunity to enter the market, or People pulls back to around 0.075 again, which is also an opportunity for us to enter the market. The first stop profit is 0.08, and the second stop profit is 0.09. Follow me to bring you more first-hand consultation.
Let's talk about Ethereum. On the evening of the 28th, Ethereum gave everyone a hint to enter the market near 2480. The lowest price fell to 2486. I sold it at 2600. It happened that I complained about Ethereum that day, saying that it was like a turtle crawling. As a result, it rose in the past two days driven by the big cake. Now the price of Ethereum is around 2660, and the upper short-term pressure is 2770 and 2840. If Ethereum breaks through 2770 and moves upward, Bollinger opens, it may really usher in a unilateral rise in Ethereum. Friends who have experienced it know how crazy Ethereum's rebound will be. At present, my suggestion is to try not to short easily at such a price, and wait for Ethereum to confirm a breakout or callback near the pressure level before entering the market. At present, long orders can continue to be held. If there is no hope of breaking through near the upper edge of the box at 2840, you can reduce your position appropriately. If there is no breakthrough in the box, you can go to the lower support level of 2550. Follow me to bring you more first-hand consultation.
Recently, the price trend of Bitcoin (BTC) has been remarkable, soaring from $65,600 to around $73,600, sparking heated discussions in the market. Meanwhile, the performance of altcoins has been relatively stable, with some coins even showing a downward trend. This indicates that market funds are concentrating on the speculation of BTC. On-chain data shows that when the BTC price approached $73,600, which was when I tweeted in the early morning, the main long positions showed signs of withdrawal, and a pullback occurred during the day of about 1,700 points, which also indicated that it might be a good time for everyone to try shorting. Currently, BTC is facing a critical position where the opportunity and risk of breaking the previous high coexist. At present, we can see the market for Bitcoin; the one-hour and four-hour levels of Bitcoin are both showing a sideways trend instead of a decline. It is evident that at this price, the buying pressure in the market is less than the selling pressure, and very few smart money would chase higher at such a juncture. Bitcoin is just 200 points away from breaking the previous high of 73,888, and it is highly likely that Bitcoin will attempt to break the previous high again. Currently, regarding the operational mindset, it is not recommended to chase long positions at this price, as there is no obvious support seen below. If a pullback occurs to the support level around 71,000 or 70,000 and does not break down, it can be considered to re-enter the market. Therefore, one can set up a short position for Bitcoin around $74,000 to $75,000 while paying attention to whether support appears during the pullback. Follow me for more first-hand insights.
Previously, there have been constant calls that Bitcoin would rise further and has not yet reached the peak. You can buy below. Currently, it seems that this was not incorrect. We can see that Bitcoin's price has already broken through seventy thousand and seventy-three thousand, reaching the vicinity of the seventy-three thousand I mentioned earlier. Those who missed out earlier or are still bearish these days, at this price and pattern, will you chase in? With such a surge in Bitcoin, while making profits, we must also be cautious to avoid risks. Currently, Bitcoin's hourly, four-hour, daily, and weekly charts are all in a strong upward trend, with short-term resistance levels around the previous high of 73777, and the 75000 area also acting as a resistance level. Those who bought around 65400 and 67800 can take profit at this position. We should pay attention to when Bitcoin shows a top divergence pattern on the four-hour or daily charts, as that will be a clear signal for us to go short. At present, for those who are more aggressive, you can try to short at this position with a small position and low leverage, setting the liquidation price a bit higher, around 80000 or even 100000, trying to gain a lot from a little. The recent strategy is to reduce positions at high levels and layout shorts near resistance levels. Shorting does not mean a sudden black swan drop; it is a short for a fourth wave correction. Follow me for more first-hand insights.
PEPE also mentioned a long time ago that after the rising trend line is broken, the market will decline rapidly, dropping by 15%. Currently, the 50% rise has been broken, and the 38.6% level has been tested once, still indicating a downward trend. A layout can be made around 849 to see if it stops falling; if it drops below 849, a layout can be made at 767. If there is a rebound at 849, it can go up to 1100 at most. Then, based on the market, take partial profits around the 61.8% and 78.6% levels. With the election results coming in, altcoins should be prepared for a risk of capital outflow.
Is Ethereum really going to cool down? Recently, Ethereum has probably faced a lot of criticism. You can take a look at the current state of Ethereum: when Bitcoin rises, Ethereum doesn't budge; when Bitcoin consolidates, Ethereum falls; when Bitcoin slightly drops, Ethereum drops significantly. If this continues, the status of the second coin is in jeopardy. Where has the Ethereum that used to lead altcoins gone? Ethereum's price stabilized yesterday in the relatively narrow range of 2470 to 2537; even my pee has more movement than that. ETH today astonishingly rose by a whole point, which scared me into thinking a bull market was coming. Bitcoin is currently at 69,200, while Ethereum is being suppressed by the middle Bollinger Band. The Relative Strength Index (RSI) for Ethereum is stable at a neutral 48.77, indicating that Ether is neither overbought nor oversold. Currently, if Ethereum's daily chart does not break below the ascending trend line, it will continue to crawl upwards. Ethereum's 1-hour chart encountered resistance at 2540, and there is a short-term need for a pullback. You can enter around 2480, with a stop loss at 2440 and a take profit around 2580. Follow me for more firsthand insights.
Let's review what was discussed yesterday. It was continuously tested around 67800, and after confirming stability, it broke through the flag pattern, retraced to the upper trend line, and both the breakout and retracement are opportunities for us to enter. Currently, there is a golden cross resonance at the one-hour and four-hour levels; if it can hold, it will continue to test 69000 upwards. If it doesn't hold, we will still look to buy lower. Let's talk about the risks. Right now, this price is considered a high-risk area. At positions like seventy thousand and seventy-three thousand, it’s important to pay close attention and consider reducing positions appropriately to prevent the fourth wave correction mentioned earlier. Follow me for more firsthand insights.
BTC weekly level, there are twelve hours left to close. Currently, it appears that this week is a breakout and pullback to the trend line. I mentioned before that if Bitcoin's weekly line stabilizes after the pullback, it is expected to reach 100,000 USD. If it's a false breakout, it is expected to pull back to around the 50,000 position on the trend line. This is something we need to be cautious about; even if there is a correction, we should have an idea of where it might go. BTC daily level has undergone a two-stage pullback breaking the flag pattern, with a minimum price increase of 73,000. The four-hour level also shows a small flag pattern, and if it breaks out, the expected price increase is around 75,000. Currently, looking at BTC's daily level, the four-hour analysis tells us that Bitcoin is currently just in a pullback; this surge has not yet completed, which is also the basis for my recent insistence on buying at lower levels. Why haven't I posted an analysis on Bitcoin in the past two days? I've already mentioned the points at 66,500 and 65,400 many times. There have also been reminders about the breakout and pullback at 67,800. You can see that Bitcoin has continuously broken through 67,800 twice, but the pullback didn't hold, and this decline can also reach 66,500 and 65,400. Next, pay attention to the third breakout of 67,800. If there is a volume breakout above the upper edge of the box and the descending trend line, a pullback to 67,800 is an entry opportunity. If it doesn't break out, then close the contract or reduce the spot position, and look to buy at 66,500 and 65,400. Follow me for more first-hand insights.
After sharing, we should get to the main topic. The Bitcoin market experienced a drop yesterday, and currently, it looks like a massive long stop-loss, followed by a strong short selling action. It fell more than 2,500 points and then sharply rebounded by 2,200 points. This is a common tactic used by market manipulators. We can see that this rebound, on the 15-minute K-line, is tangling above the Vegas channel for the first time. If it can hold, it indicates a chance for further counterattack. 66,500 and 65,400 are still places to place orders; we cannot rule out the possibility of market manipulators testing multiple times. Since yesterday's close formed a long-tailed short entity candle, today's entity is currently at the same height as yesterday, indicating that we are still in the consolidation phase I mentioned. Everyone should pay attention to Bitcoin's breakout from the range of 67,800 and the subsequent pullback rebound. The general direction remains bullish; for steadfast bulls, the intensity of this pullback is expected. Of course, recent market predictions regarding altcoins like NEIRO and PEPE have indeed been a misjudgment; I really didn't expect them to drop so harshly, and I need to reflect on myself for that. This is also why I repeatedly emphasize the importance of setting stop-losses. Follow me for the latest insights.
Yesterday during the day, Bitcoin's market was always within the previously drawn box, so I didn’t release an analysis. However, last night Bitcoin's price dropped, and those who were caught in the drop felt no joy at all. I mean, I placed an order at the previous high of 66500, and that order was filled. At nine o'clock, there was a small rebound, but I didn’t pay attention and went to watch a movie. When I came out of the movie, it was still within the box, but after having a late-night snack, the sky fell— it kept dropping, an unstoppable kind. In hindsight, Bitcoin's price has now bounced back up, temporarily halting the drop. However, during the decline, many stop losses for long positions were wiped out. That process last night must have been unbearable. Speaking for myself, I also held positions yesterday and watched the market all night. It dropped from 66500 to 65400, almost losing 1000 points. At 65400, I did add to my position, with the lowest hitting 65200. I provided these two levels of 66500 and 65400 quite early, and those who placed orders at these two positions should have been able to take advantage of it. The order at 65400 should have been hit, while those who had their stop loss at 66500 were likely wiped out. So why do I want to share this experience of holding positions with everyone? Even though it was profitable, the process was quite uncomfortable, and the mental torment was no less than for those who faced liquidation. I want to remind everyone to always set stop losses when trading; holding positions is absolutely not advisable.
Let's talk about the SATS coin with the brothers, it hasn't been mentioned for almost ten days. On the daily level, SATS is under the pressure of the upward and downward trend lines, and the fluctuations are getting smaller. This pattern indicates that SATS is about to choose a direction within this narrow range. On the 15-minute level, you can see that near the trend line, there is a fierce competition between bulls and bears, repeatedly confirming that this price has not fallen below, indicating strong buying power below, making this trend line a strong support. If it touches the trend line again in 15 minutes, a rebound is expected. The current price is a good entry point, with the first take-profit level around 0.0002788. If it breaks through 2788 and doesn't fall back, it can reach around 2900. On the larger scale, as long as this daily upward trend line is not broken and there is no reversal between bulls and bears, it can still be held. Follow me for more first-hand information.