Advisor Discusses Hot Topics:
Bitcoin once again silences the market, as if the lights on stage have gone out, and the audience holds their breath in anticipation. The silence between bulls and bears seems like a moment of mourning for this market feast.
Those who have been holding onto their coins either suffer through a long period of volatility and eventually exit, or strategically liquidate before uncertain elections, or take profits after a sudden surge following Trump's unexpected victory. In short, they have all been left behind, with only silence and regret remaining.
As for the bears, they have become the epitome of tragedy, shorting repeatedly and getting liquidated; they liquidate and then short again, fighting and failing repeatedly, swearing not to give up. Even if there is only a little margin left, they will grit their teeth and short again, betting on the moment when 'good news is exhausted.'
And what was the result? Another wave of ruthless surges, instant liquidations, and ultimately losing everything, leaving only that fragile heart, silently bleeding. Watching Bitcoin race away, the bears have nothing to say, filled with sorrow yet speechless.
As the saying goes in the market: While the bears do not die, the surge does not stop. The advisor recalls the end of 2020 when the bears were quite stubborn, shorting repeatedly and getting liquidated, yet still not giving up.
Thus, Bitcoin has surged, finally breaking through the 50,000 mark, leaving a mess behind. Now, Bitcoin has reached 80,000 points. Has the bull market begun? Perhaps it has, but the scenes of market enthusiasm, user activity, and new retail investors entering seem not to have fully emerged.
Looking back at the market from the end of last year to the first quarter of this year, it was as stable as an old man drinking porridge. With the participation of spot trading, everyone felt at ease. However, when the advisor looked through Coinbase, the premium was astonishing, clearly indicating that futures were dominating.
The trend of futures rising is like a bulldozer; when it falls, it will be an avalanche. So I remind everyone to protect profits, set stop-losses, and retreat while attacking. Don't try to short at the top using minute or hourly levels, as that will only become a liquidity supply for the market.
Remember not to short at the top! Even if you are bearish, don't easily open a short position unless a clear downtrend has appeared. Many people 'believe it when they see it.' A piece of good news, and Bitcoin rises after an eight-month adjustment, surging to over 80,000 in four days.
This is the charm of the market, wild like gold mining in the West. You ask what we are doing? Holding on to wealth! Is 80K+ the top? Maybe not yet. But if the market continues to FOMO for a few more days, combined with the positive sentiment from this Wednesday's CPI, there might be a violent sell-off to harvest those retail investors who chased the highs.
Returning to the market, Bitcoin has shown a possibility of daily divergence in recent days. Although there is an expectation of decline, it may not happen immediately. The demand for rebounds in small coins is still present, and risks are expected to gradually appear this week.
The advisor's target remains optimistic at 84K, but as mentioned earlier, when violent harvesting occurs, 52K is not a dream; it's just a matter of time. Additionally, Ethereum may fall below 2720 again, but whether it can challenge 3600 is still unclear.
The advisor's previous viewpoint of a new daily low remains valid. Ethereum may rebound to 3600 after hitting a new low, but there is still a possibility of new lows after that. Due to the expected daily divergence in Bitcoin and the gradual entry of external funds, vigilance must be heightened this week.
Advisor's Trend Analysis:
Bitcoin continues to hit new highs. Since it is at a new high position, it is difficult to grasp the upper high points, so identifying the psychological resistance zone is very important. It is not advisable to short at this time; instead, entering long positions in the pullback zone is more favorable.
Resistance Level Reference:
First Resistance Level: 81400
Second Resistance Level: 82000
Support Level Reference:
First Support Level: 80600
Second Support Level: 79900
Today's Trading Suggestion:
When the coin price breaks through the first resistance, the low point can be moved up, because after breaking resistance, it will turn into support. It is advisable to raise the low point and set a risk-reward ratio range.
The favorable position for closing during the current adjustment can be set at the first support. If Bitcoin holds above 81K, it can be accumulated in stages.
Due to being at a high position, it is not advisable to enter when the K-line is bullish; it is better to enter during the bearish adjustment interval. By buying in batches and increasing positions during pullbacks, a more favorable average purchase price can be formed.
Today's suggestion is to maintain a rebound viewpoint under strong buying pressure and focus on entering during the pullback zone. Bitcoin continues to raise the low points, indicating a healthy upward trend. Given the uncertainty of the highs, it is advisable to take partial profits in the psychological resistance zone and gradually accumulate gains.
11.11 Advisor's Wave Strategy:
Long Entry Point Reference: Pullback in the 80000-80600 range. Target: 81400-82000
Short Entry Point Reference: Not applicable
