No need to guess the rise and fall of Bitcoin anymore!
News: US stock market opened slightly lower, with futures declining. The official statement is that they will no longer purchase Bitcoin starting January next year.
Stay tuned: At 3 AM, the Federal Reserve will hold a meeting, and at 3:30 AM, Powell will speak. Key focus: A 0.25 rate cut in December is highly probable and should not cause significant fluctuations. Pay attention to the content of the speech and whether a hawkish stance will be adopted to pause rate cuts in January-February next year.
Currently, Bitcoin is fluctuating within a range of 103630-105200. It is uncertain whether it will break upwards or downwards.
In terms of operation, you can short with a stop-loss at 105200 and go long with a stop-loss at 103630. Remember, it's important to keep your position light.
The big pie is poised to take off. Based on the current K-line pattern, without negative news or institutions hammering the market, we will soon not see the big pie below 100,000.
Currently, the situation is set for breaking through the previous high, entering a blind spot, and the profit margin is an unknown. On the downside, the hourly support has reached around 102,600, making the cost-effectiveness of shorting not high.
My long positions have gradually taken profits around 103,200, and I am currently in cash. If I can build a position, I might consider buying long around 102,600, aiming to profit from the breakthrough of the previous high.
No need to guess the rise and fall of the big pie anymore!!! This round of decline has already dropped to the predicted point of around 94500, starting a rebound, with an upward target of 97200.