Altcoins are about to face a decline of over 20 to 30 percent. Currently, Bitcoin can be clearly bought around 73,000, while other Ethereum estimates could be around 1,600. Other altcoins may experience severe spikes. Dogecoin is expected to be between 0.125 and 0.13, and LDO may go to 0.7 to 0.8, or even lower. Now, the worse the liquidity of a coin, the harder it is to predict. Just stick to trading Bitcoin.
Don't worry, if there is no significant rebound, the range from 73000 to 72000 is our opportunity to intervene. If there is a rebound, we will short again.
The large pancake has now effectively fallen below 89000, so 82000 is definitely not the bottom. Currently, focus on shorting, and consider going long again when it starts with 7.
The final battle is coming, I didn't expect it to come so soon. The two points of the big cake are the last defensive positions of the bull market. The first entry position is 78600, and the second entry position is 72800. If it falls below 70000, the bull market will end. Fuck him
Now there are two ways for Bitcoin to move. The first is to falsely fall below 89,000 again, recover above 90,000 again, break through the arc top, and start to rise. The second is to effectively fall below 90,000 (daily K closes below 89,000) and rebound to the 89,000 to 90,000 area to form resistance, and then go down again with a large volume, with a target of 72,000, and start to rise again. Both are possible. The first time period is short, and the second time period is long. If the second situation is taken, Ethereum may reach 1,500 US dollars. This bull market is not the same as before. Ethereum has been weakening, and the copycat will never come out.
After the liquidation, although it feels very uncomfortable, I can't get too emotional and rush into the market mindlessly. The current position of Bitcoin is indeed a point to enter, but looking at the last low point below, isn't it going to touch that again? Unless it can regain 100,000 in the next day or two, but looking at the current Bitcoin market, the rebound strength is very weak, and altcoins are generally rebounding sharply by over 10%. It is highly likely that Bitcoin will touch the previous low of 89,000 to regain liquidity below, hit a new low, and form a V-shape rebound again. Only when it recovers to 90,000 will it be a great opportunity to enter.
There is nothing wrong with the operation idea, but the problem this time is mainly in the selection of the target. If you operate the same Bitcoin, there should be no problem at present. Start over, empty your mind, take a break, adjust your mentality, and choose Bitcoin as the target. Now the market is in the process of a large number of long positions being liquidated and oversold rebounding. Wait for the next second bottoming out and V-reversal, and choose the opportunity to enter the market again.
As long as the lady successfully stands at 3550 again, it will be a new turning point for the bullish market. Now, just need to stay around 3300 USD for 2 days, waiting for the US stock market to open next week, liquidity to recover, and it may challenge 3550 again.