Unfortunately, the short-term Bitcoin has directly broken the 95500 resistance point, and this result is actually not surprising. Prolonged fluctuations have sharply increased the risk, and this round of short-term trading has incurred a loss of 900 points before exiting. #btc Bitcoin took the lead in breaking through, be cautious of Ethereum's subsequent rebound, so for Ethereum at 3430, look for a short-term layout near the cost point to close out early, waiting for the later half of the night to focus on resistance before re-entering. #eth After clearing the short-term market, focus on the two major resistance points of 96700 and 3500 before twelve o'clock. If these points are not broken after twelve o'clock, then around these points in the later half of the night, defend each with 1% and 2% for another look at 1500 and 100 points of space. However, if a breakthrough occurs before twelve o'clock, then the short resistance strategy will be directly canceled, and there is a possibility of another upward movement. Do not participate in the rebound in the later half of the night, wait for tomorrow for a strategy update 🥱.
Attention! 🧐 In the evening, the focus on short-term risks begins to increase. One must strictly control and rationally allocate positions. The bottoming period during the day has been too long; if it continues to struggle without a breakthrough, risks will increase over time. As for why we still choose to position ourselves despite being aware of the risks, it is because, compared to today, the short-term resistance level we choose is still the one with the greatest opportunity. Even if the scales are balanced, we should seek the slightly tilted side.
Regarding the phenomenon that occurred yesterday, Bitcoin continued to decline, while other cryptocurrencies did not have significant drops. Some coins, led by Ethereum, even rose during the early hours instead of falling, and the decline of mainstream altcoins was minimal. 🤔 This indicates that market funds are starting to no longer be primarily concentrated on Bitcoin. Market funds are beginning to flow, and other cryptocurrencies are more likely to see increases in the future, while Bitcoin will find it difficult to achieve a standout surge in the short term. #BTC
The short-term decline of Ethereum at 3350 is the top priority. With little intention to fall at present, only by breaking 3350 can we reach the bottom band chip area. #eth
It is possible to look at 3280 in the end, so it is the most basic to do a good job of batch and mobile defense at this position. As for Bitcoin... I can only say that I have to repay the debt of abandoning other currencies and eating alone before, so let Bitcoin fall for a while~🧐🧐#BTC
Regarding the effects caused by breakthroughs and failures to break through the same key support, we successfully witnessed the polarized trends caused by breakthroughs and failures early in the morning. #btc The major cryptocurrency broke below support, once again welcoming a round of comparative bottom testing, while Ethereum found support and continued to rebound to make up for losses. After the morning rebound was under pressure, the day is still primarily focused on finding short-term resistance levels, with two obvious resistance levels in the morning (94600-95000) and (3420-3430). In terms of potential downward movement, the continued weakening of the major cryptocurrency could allow for another bottom test or even a break below (93000-92000) within the day. Meanwhile, Ethereum's rebound will prevent the downward momentum from being too strong, and the primary target for a pullback must be to reduce positions or defend costs at 3350, ultimately looking for opportunities to drop to 3280. #eth
In the blink of an eye, the pancake has completed its automatic profit-taking, the thought process is smooth, and left-side trading easily profits! During the live broadcast, we are still discussing the opportunities to look down at 96500 and 3360, and within less than two hours after the broadcast, we successfully mentioned the coin movement. I never do post-analysis; I only talk about the most genuine basis. If the bears can break through 93500 and 3230 after twelve o'clock, they may break lower; otherwise, they may bottom out and rebound. The upcoming space is left for everyone to play freely 🥱
Still the old idea repeated again🥱, tonight in the first half of the night, we will look for resistance near Bitcoin 96500 and Ethereum 3370 to see if we can test the bottom again on a short-term basis. What is the basis for doing this? Answer: The resistance level of the first round of rebound this morning, and the differentiation point of the upper chip area (96500-97800). Finally, adding the multiple bearish signals from the Fibonacci 0.5 resistance of this round's small wave for Bitcoin and Ethereum as a benchmark, if the short-term is still broken, I would accept the loss willingly🧐
In the evening, we will see whether the top resistance of the white chart rebound will be forcefully broken. If this round of rebound in the first half of the night cannot significantly break the high points of the white chart, then in the second half of the night, we can confirm that it will once again attempt to challenge the morning's low points. The normal live broadcast starts at eight o'clock in the evening. More detailed sharing and answers to everyone's questions will be explained in the live broadcast. Don't miss it.
The control over the rebound strength during the weekend was quite skillful, ultimately leading to a successful rebound near the target point. At the same time, there is a warning for a potential decline on Monday, and the possibility of a downward trend in the latter half of the night has also been directly confirmed.
The market conducted a second test of the bottom directly in the morning, but currently, the bottom still seems unstable. The levels of 94000 and 3200 tested in the morning may still be subject to further testing during the day.
With the rebound position being quite good at the moment, it is advisable to rely on the Fibonacci 0.5 of the smaller wave segments (96500, 3360-3380) to press down again towards the morning bottom testing levels of 95000-94500 and 3280-3250.
For a tentative short-term downward view, do not set the defense level too high to avoid uncontrollable situations if a breakout leads to accelerated upward movement. It is recommended to focus the defense on 97000 and 3420 only.
Adhering to the idea that Saturday's increase is not significant, the expected decline over the weekend is also unlikely to break down. Yesterday, on Saturday, we successfully captured the top and managed the pullback; today, we need to focus on the bottom to seek support. Key levels to watch for a pullback below are around 96000 and 3310, relying on these positions to defend if they do not break (1%, 2%) for a potential upward view. Short-term rebounds should not be viewed too bullishly; the pressure levels for short-term rebounds to focus on are around 97500 and 3420. Additionally, it's important to note that if there is still no effective increase by late night, it's advisable to exit the rebound strategy early.
The weekend's test at the top had some limits, but ultimately, we successfully moved down according to our short-term expectations.
In the end, we reached the expected levels of 96500 and 3400, achieving spaces of 2000 and 100 points, respectively.
The weekend's trend is hard to expand further; late at night, pay attention to 96500 and 3320 for potential rebounds (with a defense of 1% and 2% respectively).
The weekend rebound continues to aim for the top of the daytime rebound space at 98000 and 3460.
Here, we said that we would stop the decline and consolidate in the first half of the night, so why didn’t we post any updates in the second half of the night?
Because the decline stopped too quickly in the first half of the night, by 12 o’clock, it had reached 95,000 and 3,400, both of which had reached the points we originally planned to look up.
There is nothing good to do at the point that is neither going up nor down. Not posting updates in the second half of the night means that I personally have only one opinion of going to bed early.
Many friends like to get stuck in the market, and they like to force themselves to act on the trend that is difficult to start. The trend happens every day, so there is no need to rush.
At present, the support below seems to have played a role, but we still cannot take it lightly. My personal suggestion is not to make any long orders before 12 o'clock, and focus on the support of 92000/3000.
After 12 o'clock, confirm that it is not a lure to buy, and then choose to rely on 93000 and 3100 to do short-term longs on the premise that the above support is not broken, and look at a short-term pullback of about 2000 and 200 points.
In general, I decided to clear the current short positions in the first half of the night, and not bet on the breakout.
The current position is the strongest short-term support level of the overlap of the Fibonacci 0.618 and the lower track of the daily line. If it is not broken in the first half of the night, it will definitely rebound in the second half of the night.
But if it is broken in the first half of the night, then all the recent bulls in the market will be liquidated, and the next round of target will be a terrifying 85,000.
Ethereum has once again achieved a staged victory in the suppression it is looking for during the day - 3440.
As of now, it has tried to fall below 3300 again, and the short-term intraday has easily cut down the starting 100 points of space.
In the evening, pay attention to whether the overall range of Ethereum points around 3200 can provide effective support. If it does not fall below in the first half of the night, it will look for rebound opportunities in the second half of the night.
But if it can't hold up, Ethereum will bottom out at more than 3,000. For details, please follow the live broadcast at 8 o'clock in the evening.