On Thursday, boosted by the Federal Reserve FOMC meeting, Bitcoin fell back to the 30-day moving average of 98,700, and rebounded naturally to around 102,000 in the evening. The crypto market fell back across the board, and most of them fell below the 30-day moving average. US stocks MSTR, SMLR, and MARA also maintained their gains before the market opened, as shown in the following figure:
Because the Federal Reserve and Japan's interest rate meetings have ended. Although Powell's speech this morning was negative, Japan stopped raising interest rates during the day. Bitcoin rebounded, and Japan's Micro Strategy 3350 also closed higher. As the insider said last night, the current market is in a high-level shock consolidation period after the extreme Fomo period. It is believed that BTC will still have a rising trend in Q1 next year, so now is a good time to buy stocks such as MSTR at the bottom.
Bitcoin: In the past two days, I have pointed out the potential risk of price decline at the starting and falling positions of 107,000 and 103,300, and I suggest you take risk in advance. The market will be much better after the decline, and the price will most likely change from the original upward shock to a wide range of shocks. The general direction is still not bad, so don't panic too much about the decline.
Judging from the daily trend, the price is still on the medium-term bullish side. The low point of the intraday pullback happens to be the position of MA30 (lifeline strategy). The multiple medium and long-term supports in the internal structure have not been affected by the pullback. The low-long after the second pullback and the buying after the sideways trading are still the main operating modes.
Short-term support is 99940~98858 (watch the market), the second support is 96547~95568, short-term suppression is 103465~104296 (you can enter after a large volume breakthrough and pullback) Note: We have received orders for the short-term support in the previous article, and we are currently making a small profit near the cost. It is recommended to exit first and enter again after the structure becomes clear.
Everyone should pay close attention to the copycat: if you don’t follow the decline, the 3rd wave of rising market will start secretly
The bull market is still there. Don’t sell at a loss if you are trapped. Once the market rises, you will be out of the trap quickly. For now, try to buy the bottom in batches, and give priority to buying the strong coins. Believe in the power of trends.
SOL: sol There is an opportunity to buy at a low price of 200 today. Keep some positions later to see if there is an opportunity to buy at a low price below 200. sol As long as it dares to fall, just buy boldly. Don't be afraid!
ETH: I have stopped loss for many orders on Ethereum. I haven't tasted the taste of stop loss for a long time. I really thank Powell!!! At present, there are very large buy orders around ETH 3420 to 3520, and the support is very strong. So I will buy some ETH at low prices. Of course, I can't buy the bottom on the left side with a high leverage. I will use a safe 2x leverage to buy the bottom. If it is 2x, it will only explode if it drops 50%. ETH will not go to 1800, so there is no risk, but the income is X2.
DOGE: The biggest opportunity in this plunge should be Dogecoin. Doge has adjusted back from 0.48 to 0.34, a 30% correction, and the price has been fully consolidated. 0.33-0.35 is also the 0.618 golden section support for Doge's correction. I think this is an opportunity, because Musk will enter the White House in a month, and Doge has an 80% chance of flying.
What kind of storms and waves have we not seen in the cryptocurrency world? ! ! I still say the same thing to newcomers: make as much money as you have. Don’t be greedy for multiples just because your capital is small, otherwise it will easily go back to zero.
