Morning review: Bitcoin has approached historical highs for two consecutive days but is facing resistance, so do not be blindly optimistic!#美国大选后行情预测
After 210 days of oscillating decline, Bitcoin has finally approached historical highs in the last two days of October. Comprehensive analysis shows that it is very necessary for Bitcoin to break through historical highs directly. However, Bitcoin is currently facing significant resistance as it approaches historical highs, which we need to be vigilant about.
Currently, the weekly K of Bitcoin has firmly stood at the upper track of the oscillating channel. In previous articles, Lin Mu Yang analyzed that the MACD of Bitcoin will perform a golden cross, and the MACD is running above the zero axis. This is a very good trend! It is getting closer to historical highs, and the HeYue leverage is also increasing infinitely! In yesterday's article, Mu Yang mentioned that the current HeYue leverage has accumulated to around 15 billion, which is a very dangerous signal! Therefore, we must closely monitor whether we can directly break through historical highs in the near future!
What I worry about is the exchange pulling the plug and secretly killing HeYue, as this is no longer a rare occurrence. No exchange will miss out on such a large profit! Therefore, at this historic high point, if there is no direct breakthrough, it is highly likely that the exchange will perform a behavior of cleaning leverage by inserting spikes up and down!
Current strategy: If your HeYue position value is large, whether it is altcoins or BTC/ETH, Lin Mu Yang suggests directly reducing the HeYue position by 50%. Last night, I instructed everyone to close all ETH positions made from 2500! Especially for altcoin HeYue, due to insufficient liquidity and fewer counterparties, it is easy to form violent fluctuations. In such a significant turning point in the market, the risk increases infinitely!
If your Bitcoin was acquired below 60000 before this round of market, which is in September, there is no need to consider whether to exit the spot market now. The long 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 different backgrounds and data of each altcoin!
Mu Yang will not sell the BTC in hand during this phase. Altcoins are making waves in turns. 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 crucial to pay attention if the market consolidates slightly upward but the MACD turns downward, as this will definitely form a top divergence! This is something everyone must keep a close eye on!
Today's Bitcoin: Prepare to intervene near 71654
Today's ETH: Prepare to intervene at 2605
