BTC Evening Analysis

Dear friends! In the cryptocurrency trading world, there is an unavoidable "curse" to be wary of. At the end of the month, the market is highly likely to experience a waterfall-like decline. Looking back at the rhythm of past monthly trends, it has almost always been this way. Therefore, it is wise to be cautious when going long and not to rush in recklessly.

Take Ethereum for example; it has now emitted a rather obvious doomsday rally signal. Experienced players should understand what this implies, as often after this wave of increase, a significant reversal follows.

Today's market pressure level is highly concentrated at 99000, with the support level below at 95000. If the market rebounds slightly, do not be misled by that small movement; this is indeed a perfect opportunity to short. As for Ethereum, don't hesitate; seize the opportunity to short it and that's all there is to it #BTC☀

Current market situation:

The altcoins incubated by VC institutions are very bleak. According to Bloomberg, the venture capital funds in the crypto field in Q3 surged to $1.7 billion. The industry's investment amount in one quarter is not even as much as a meme that was hyped up in a few days.

With the support of institutions, BTC may have been in a long-term bull market, but such a large market value is not attractive to retail investors; what retail investors need is the wealth effect, which altcoins cannot give, so they can only bet on memes. If institutions cannot break through the current dilemma through paradigm innovation and only want to issue coins and then cut leeks, I am afraid that retail investors will only gamble on memes for a long time.

Now in the primary market, especially on the SOL chain, memes are very active. If the top platforms such as bAn and upbit go online, they will be aiming for $1 billion. For retail investors, the wealth effect of gambling is huge. You say the risk is high, but compared with altcoins that are constantly losing money and have no wealth effect, they are simply extremely high-quality coins#BTC☀

$BTC

Yesterday's rebound did not continue and fell to around 91500. The lowest price of the node currency in the morning fell to around 88700 and rebounded. The current market is fluctuating and repairing around 90800.

From the technical structure of the daily chart, the market did not fluctuate too much over the weekend. Yesterday, a negative K with upper and lower shadows was recorded again, but the price still remained above the 5-day moving average. Therefore, this position can be used as a short-term support in the short-term market. If the 5-day moving average is broken, the shorts will continue to fall to around 87000. On the contrary, the market still remains above the 30-day moving average in the four-hour view. This support point is near the 90000 mark. Short-term focus should be paid. If it is maintained, it will continue to fluctuate at a high level. If it is broken, it will fall to around 87000.

For specific operations, please refer to

Short in batches in the 91200-700 area of ​​​​Big Cake, look at the 90000 mark, and continue to look at the 88500-87000 area if it breaks, and just take 800 points in combination with your own position! #BTC☀

November 18th, answering questions!!!

Can Bitcoin pull back to around 85,000, then it will only take two months for the altcoin

Many people are waiting for 85,000 for $BTC, it may take some time, and it may not reach that level. So it would be much better for us to ambush those strong B types now!

What do you think of $BOME and $DOGE?

Bome's daily line will rise again in the shock range, wait patiently, and you can look back at the trend that pepe did not start before. There is still a lot of room for follow-up

I personally think Doge is 1 OK, and I will give you the entry point

Is sats being brought up or pulling up by itself?

Recently, the short-term z gold rotation has been relatively fast. Ordi started a short-term move today to see if this sector can move up. For the time being, sats is also stable at the support level #BTC☀

This Saturday and Sunday, although BTC has been stable above 90,000, the 4-hour support line has been broken.

However, every time it breaks, it can be pulled back above 89,000, indicating that there is a certain amount of support here. In the short term, 88,000 is a key point. If it is lost, there is likely to be a strong wash, directly clearing the high-leverage contract positions in the market.

As I said: When playing with contracts, you must remember to stop when you are ahead, stop profit when you reach the pressure level, don't blindly use high leverage, and stop loss must be set in advance! #BTC☀

BTC and ETH have basically formed a short position arrangement at the hourly level. Currently, they may have a weak rebound under the support of the 4-hour 60-day moving average. The upper pressure will be 89,000 and 3,100, and then 90,500 and 3,200 respectively. Pay attention to the risks; MEME has already reached its climax yesterday, and it is basically at a high level. The risk is relatively large. In addition, there is an option delivery today, and the probability of a volatile downward trend is high. There is also a weekend effect. If you are itching to play with a small position, wear a seat belt;
#BTC☀

This morning at 5 am, the closing line showed a negative coinbase premium for the first time (the last hour of the US market closing). There was no negative premium in the following hours. It may be an occasional phenomenon, but it is worth warning. With the weakening of US current price buying, BTC's upward space is limited in the short term. I personally think that the probability of touching 100,000 before the end of the year is not high. The main game point in the next few weeks may be the performance of the copycat and meme. #BTC☀

11.15-BTC

Figure 1: Daily chart:
The daily line has been fluctuating for 3 days. Keep patient and don't make random operations during the fluctuation.

From yesterday's daily line, yesterday's opening price is equal to the closing price of the day before yesterday, but the closing price is lower than yesterday's opening price. So for now, if today's closing price is lower than yesterday's opening price, it means that the fluctuation is confirmed, and it will be plundered downward. The outflow of ETF also shows that some profitable funds have begun to overflow.

At present, the long-short ratio has increased from 0.57 to 1.15. Thanks to the excellent liquidity provider.

Figure 2: Hourly chart
The thick line is large liquidity, just pay attention to these positions. At present, the hourly level is fluctuating downward, and here we pay attention to the bearish OB. Here we refuse to distribute shorts downward, and the target is SSL. Pay attention to stop loss after breaking through.

A reminder, everyone looks at the fine line, the dog dealer's operation is still disgusting, all plundering and then testing the decline. So look at the breakthrough, don't rush to chase the rise#btc

Bull market strategy

Tell you that the market is going to pull up, buy it quickly, there is no such thing as missing out, it is right to get on board at any time, and the market is getting stronger and stronger.

1. The market of local dog will definitely be better than the two old projects of Binance

2. Pay special attention to the new projects of Binance, because this is their self-rescue project and must pull up the market.

2. BTC is still running above the upward 5-day moving average on the market, and it is still far from falling below the 5-day moving average, so the rise is that the time window has not risen completely, and the altcoin has fallen sharply. The script here may be that BTC consolidates horizontally and strongly, and the altcoin bottoms out for 1 day, and then resonates upward (2~3 days) #BTC☀