Morning review: Bitcoin has approached the historical high for two consecutive days but is facing resistance; do not be blindly optimistic!#美国大选后行情预测
After a 210-day period of turbulent decline, Bitcoin finally approached its historical high in the last two days of October. Based on a comprehensive analysis of various situations, it is necessary for Bitcoin to directly break through the historical high. However, currently, Bitcoin is facing significant pressure as it nears its historical high, which we need to be vigilant about.
Currently, the weekly K chart for Bitcoin has firmly established itself above the upper track of the fluctuation channel. In previous writings, Lin Mu Yang analyzed that the long-term MACD for Bitcoin is about to golden cross, with the MACD operating above the zero axis, which is a very positive trend. It is increasingly approaching the historical high, and the leverage of Heyi is also infinitely increasing! In yesterday's article, Mu Yang mentioned that the current Heyi leverage has accumulated to around 15 billion, which is a very dangerous signal! Therefore, we must closely monitor whether it can directly break through the historical high in the near future!
What I am worried about is the exchange pulling the plug and stealthily killing Heyi, because this is no longer a rare occurrence. No exchange would miss out on such a large profit! Therefore, at this historic high point, if there is no direct breakthrough, it is very likely that the exchange will engage in actions to clean up leverage by spiking up and down!
Current strategy: If your Heyi position value is large, whether it's altcoins or BTC/ETH, Lin Mu Yang suggests directly reducing Heyi positions by 50%. Last night I instructed everyone to close out all ETH positions that were made from 2500! Especially for altcoin Heyi, due to insufficient liquidity and fewer counterparties, it is very easy to create extreme fluctuations. In this significant turning point in the market, the risks are infinitely increasing!
If your Bitcoin was purchased before this round of market, specifically in September below 60000, there is no need to consider whether to exit the spot market now. The long-term cycle has not changed, and Bitcoin breaking through 100,000 is a highly probable event! If you still have other altcoins, you need to contact me to make different adjustments based on the varying backgrounds and data of each altcoin!
Mu Yang will not sell the BTC in hand during this phase. Altcoins take turns making waves. If you have any questions about your coins, we can discuss them together!
In yesterday's market analysis, I emphasized the weekly K trend of Bitcoin. It is essential to pay attention; if the market consolidates with a slight increase but the MACD turns downward, it will definitely create a top divergence! Everyone must closely monitor this!
Today's Bitcoin: Entering around 71654
Today's ETH: Prepare to enter at 2605
