【Why is this the last shorting this quarter? : Vivi’s point of view】
At 9 o’clock last night, blockchain sniper Vivi said that when most altcoins touch TGIF, if Bitcoin touches it, it is necessary to close the long trading that started at 69,000 last night and resume the short trading in the 66,000-67,000 area this weekend. For spot traders, this is the first DCA of the bull market. Don’t be too diversified, concentrate and keep it still until 88,000. When the market fluctuates, don’t enter and exit out of fear. From the annual peak, altcoins fell 70%, which is a very good DCA point. When the average is 60,000 and 63,000, when the market reaches 88,000 again, there will be a rich return.
At 11 o’clock last night, Vivi went on to say that another moving average will be added for Bitcoin at TGIF. This and Ethereum’s long orders are the only active transactions this week and the last shorting of the quarter. Starting from this weekend, every pullback will be long.
In today's analysis at 8 o'clock this morning, TGIF has not been hit yet, there is no OB break and structural change, and there is no brand new short order, which will wait to sweep through 72,000. Doge's short order is waiting, BCH's short order is in progress, and it can be slowly withdrawn. Sol's long plan leverage is waiting, ETH long will tend to stabilize, calm but still continuing. Bitcoin shorts are also in progress, but have not yet increased their positions.
Vivi's point of view is clear. This is the last short this quarter. The next task is to buy more on dips and look forward to the trend in the second half of the month.
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【Why did Peak Brother apologize for not managing the entry position well? 】
Bitcoin Peak Brother provided a short-selling suggestion for Bitcoin at a current price of 70100 at 9:30 AM yesterday, with a stop loss at 71100 and a take profit at 68400. He then added that the Sol daily line was under pressure from the trend line, giving a sell signal, and reminded everyone to pay attention to the moving average crossover status, where a larger differential value significantly impacts trend sustainability. When the Bitcoin price dropped to 69500, Peak Brother advised everyone to exit and maintain a short position, explaining that if this position breaks down, a short position could be established for the next stage, while if a small cycle bullish structure emerges, one could seize the rebound. The next buy point is in the lower green area; if this area breaks, watch for a pullback to the trend line, breaking the bullish structure.
At 3 PM yesterday, Peak Brother suggested a long position for Bitcoin at 69200, with a stop loss at 68500. At 6 PM, he suggested a short position for Bitcoin at 70300 - 70600, with a stop loss at 72000. Subsequently, he exited 70% of his position at the current price of 70150, moving the stop loss for the remaining position to the opening price, and finally exited completely at 70900. The average entry price for the afternoon short position was 70500, with the current price at 69800, yielding a profit of 700 points. Peak Brother apologized for not managing the entry position well.
Early this morning, Peak Brother added a short position for Bitcoin at 70200 - 70400, with a stop loss at 71200. If the trend line breaks, he will pay attention to the two buying zones below, maintaining a long position above the trend line requires breaking through the price inflection point and the top descending trend line. At 3 AM this morning, he took a profit of 70%, moving the remaining position's stop loss to the cost price, with an average profit of 1300 - 1500 points.
Peak Brother's view is that the support level below is in the range of 67000 - 68000, where a rebound may occur.
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SEC officially accepts Grayscale large-cap stock fund's application to convert to ETF, what are the odds of approval?】
Crypto expert mentioned at 2 PM yesterday that unemployment rate data and non-farm payroll data will be announced tonight. The market expects a decline in data to be positive, so pay attention to the announcement. Meanwhile, the SEC has officially accepted Grayscale large-cap stock fund's application to convert to ETF, including Bitcoin, ETH, SOL, XRP, and Avalanche. If approved, it would be beneficial for Bitcoin. The daily chart has slightly pulled back, but the trading volume has not increased. This morning, the key support level around 69000 was tested and validated, initially judging that the price decline is not caused by major institutions. With the corner level breaking the descending channel, a converging triangle may form. For the triangle trend, two scenarios need to be considered: first, price rebounds with support around 69000; second, after breaking key support, the probability of a decline is significant. There was a small-scale panic sell-off test in the last hour, and key support was confirmed by buying. In summary, buying remains strong, and until the key support level of 68500 is broken, the focus is on low buying. The trading strategy is to go long near 68700, with a stop loss at 67800, the first take profit around 70500, and the second take profit around 72000.
The expert’s viewpoint is essentially encouraging everyone to buy at 68700. BTC's lowest this morning was 68800, not reaching that position. He believes the bulls are still strong as long as they can maintain above 68500.
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【The General believes Bitcoin will continue to fluctuate and decline, seeing a rise near 55000 followed by an increase to 88000. What reasons support the General's viewpoint?】
The Bitcoin General stated at 11 AM yesterday that if it hits the stop-loss level, all long positions and spot holdings should be exited to observe the market. With the critical level of 72000 being breached, the upward trend structure has been damaged, and a new structure will evolve into a large ABC structure. It is recommended for bulls to switch to bearish operations, aiming to short above 70000.
At 6:30 PM yesterday, the General continued to suggest moving to the short zone above 70000, advising partners who are shorting in batches to set their stop-loss at 73000. After the US stock market opened, he advised everyone to lower their stop-loss to 72300.
This morning, after waking up, the General released an analysis chart, believing that Bitcoin will continue to fluctuate and decline, with a target seeing a rise near 55000 followed by an increase to 88000. The General has shifted from being a major bull to a major bear, a complete turnaround of 180 degrees.
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【Why is 68700 so critical for Bitcoin? If it is to move into an upward structure, why must it be supported by a daily close? : Interpretation of the views of the crypto circle leader】
The leader of the crypto circle stated at 9:30 AM yesterday that today opened positively, with a long position at 69500 yielding a 500-point profit. He then pointed out that Ethereum fell again after being sold off near 2622. For Bitcoin, if it is to move into an upward structure, then 68700 should be supported by a daily close; it can dip but cannot close below that level. Ethereum can be entrusted to buy spot for the tenth time at the two positions of 2405 - 2420, expecting a 50-point gain is not a problem. If Bitcoin directly drops to 67350, all long positions will be at risk. He also mentioned that the current daily wave for Bitcoin has stopped at this level, which meets the requirements, and the key is whether 68700 can hold. Once the trend line is broken, adjustments and a new market need to be established.
Last night at 10 PM, the leader expressed surprise at the data, believing the small non-farm payroll data was clearly very bearish, but the website displayed misleading bullish information for the BTC market, leading him to open a short position at 71500. After a 200-point drop, he reminded to set a protective barrier or take partial profits and place a stop-loss, and stated he would analyze this data tomorrow.
This morning at 8:30 AM, the leader said the luck for the new month has begun to improve; it turned out to be a technical error by the Labor Department that led to the data being revised. He lamented that such important economic data being wrong could put many people at risk, while also raising everyone's knowledge level.
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【Shu Qin Why Let Everyone Ambush These Four Coins, Is There Good News Coming: Shu Qin's Viewpoint】
Shu Qin pointed out at 5 PM yesterday that with the election approaching, the US stock market and the cryptocurrency market are highly volatile and unstable. He feels that trading contracts is a bit like gambling and is optimistic about ETH, Sol, Pepe, and WLF, suggesting to buy some spot or use a 2x long position for more stability. Previously, Sol peaked at 180, now around 163 is a good time to re-enter; after taking profit at 0.1 for PEPE, one can buy back around the old position of 0.086 - 0.088; Dogecoin has pulled back nicely, if one wants to bet on Trump's victory, it would be conservative to enter above 0.15, like around 0.152, but avoid high leverage contracts; a 2x spot position is sufficient, after all, Trump is not guaranteed to win 100%.
At 4:30 AM last night, Shu Qin expressed surprise that non-farm unemployment increased by 12,000, far below the expected 100,000, believing that the current data manipulation for the election is absurd. Last time there was optimization doubling, this time they reduced the excess from the previous period to 10,000, confusing the market. However, this is favorable for interest rate cuts, which is a long-term positive. When the non-farm data was released last night, the entire market was stunned; in reality, it was a huge negative. It is estimated that later data revisions were needed for the stock market to stop falling; if not revised, it would likely have broken down. Shu Qin has urged everyone to ambush these four coins.
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【11.2#币圈分析 :Today's Market Interpretation】 Today's Fear and Greed Index is 72, still in a state of greed. Currently, the price corresponding to Bitcoin's downward trend line is 68600. As long as Bitcoin can maintain above this price, we can continue to be bullish. In the current market, the whales are obviously in a wait-and-see state, neither breaking the trend line significantly downwards nor strongly rising, but rather oscillating back and forth. The general is directly bearish to 55000, but personally, I feel it shouldn't drop to such a low position. Even if it falls, 67500 is a relatively good position to buy. At this stage, there is no need to panic; take it slow, after all, there are only a few days left until the 'draw'. No matter what happens in these few days, don't be surprised. Remember to stick to your trading plan, align knowledge with action, and treat the current market as a range-bound oscillation. Don't forget to follow along; let's achieve financial freedom together in this bull market.
[If Bitcoin breaks through 70555 today, will it continue the upward trend? Interpretation of Liu Yudong's view on the wave theory] Liu Yudong pointed out that there are still two possibilities for Bitcoin in the daily chart on November 1, 2024. One is to rebound from 49000 as wave B, and then start a new rise after the C wave falls; the other is to start a new rise from 57493, with a target of 114000. It was mentioned earlier that if it falls below 69517, it will retreat urgently. The current support comes to the blue dotted line 67201. If it can break through the red dotted line 70555, Bitcoin will turn strong again, and if it is lower than this price, it will have the motivation to continue to retreat. The 69500 mentioned yesterday has been broken, but if Bitcoin can break through 70555 today, it can continue the upward trend. If it cannot stand up, it will continue to pull back.
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The commander remains bullish on Bitcoin, but the prerequisite is that it must not fall below 69200. Why is 69200 a key level?
At 5:30 AM today, the commander stated that if previous trades hit the stop loss, the stop loss should be reset to 69200, and a new long position should be directly initiated. He emphasized that the stop loss at 69200 must be set properly; once it is hit, the overall structure will change. It can be seen that the commander continues to be bullish on Bitcoin, but the prerequisite is that it must not fall below 69200. Once it falls below, significant changes will occur.
Just after the commander opened a short position, Bitcoin began to decline, having dropped to around 69500. The price corresponding to the previously drawn downward trend line is 68911; if it falls below here, Bitcoin will really return to the range. Currently, in the commander's view, Bitcoin is still in a bullish state, with the key being that it must not fall below 69200.
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Why is KOL Chen so frequent in executing short positions? What is the reason?
Yesterday at 10 AM, Chen provided a short position for Ethereum at 2663, and at 3 PM, he took profits on Ethereum, with a real-time price of 2637.
At 6 PM last night, he pursued a short position for Ethereum, with a real-time price of 2638 and a stop loss expected at 2689. At 9 PM last night, Ethereum was bearish on an hourly level, during which Bitcoin was consolidating at a high position on a 15-minute level and formed a converging triangle. If the triangle breaks downward, it will fall below. Pay attention to the starting point of this small upward trend, and then adjust both short position stop losses to near the cost price. At 10 PM last night, he took all profits, with Bitcoin's real-time price at 70880 and Ethereum's real-time price at 2569.
This morning at 9:30, Chen provided another short position at 70100, with a stop loss expected at 71400.
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【Why Vivi Recommends Buying ETH, Sol, and Tia, Insights from Blockchain Sniper Vivi】 Last night at 10 PM, Vivi pointed out that the current position is between 70800 - 71000, reminding not to wait too long and that the chart will be updated. The new order execution depends on the closing prices at 11 AM and 12 PM. If the closing price at 11 AM is higher than 70800, then go long; if Sol breaks down, continue to short.
This morning at 4 AM, Vivi continued to analyze that we are approaching point A, which is the actual weekly opening. Liquidity is sweeping again; the daily closing price for TGIF is after 8 AM. From the weekend to Monday, it has been shorting. The range of 66000 - 67000 is a key area for bulls to pay attention to during the election; from here to a rise of 75000, the area of focus for tomorrow is point A 69000 - 69500, with a target of TGIF 72000 - 73000.
At 5 AM this morning, further analysis indicated that point A has been filled. As long as the daily closing price is above 69000 - 70000, one can go long. If altcoins can withstand the volatility, entering early is fine. The entry point for TGIF is at the London opening time; if the 4-hour closing price is above 70000, one can go long. Tia - eth - Sol has reasons to look forward to a rise because Bitcoin funds will flow into altcoins, first flowing into Ethereum, with Sol being the strongest. It must be OTE, and TIA unlocking has been completed, which will hedge against Bitcoin throughout the day.
Vivi's views are somewhat peculiar, as they are bullish, but the premise is that the quadrilateral line receives above 70000. This morning, there was a quadrilateral line received above 70000 but has not yet been confirmed. If the next one is also above 70000, then one can go long. Vivi recommends buying #ETH , #Sol , and #Tia , believing that Bitcoin's market share will decline, and altcoins will take off.
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Get ready for a storm tonight: In the most extreme case, non-farm payrolls could be negative?
Non-farm payrolls > 250,000: S&P 500 index falls at least 1%; Non-farm payrolls between 200,000 and 250,000: S&P 500 index falls 0.5% to 1%. Non-farm payrolls between 125,000 and 200,000: S&P 500 index fluctuates between -0.5% and +0.5% on Friday. Non-farm payrolls between 75,000 and 125,000: S&P 500 index rises 0.5% to 1%. Non-farm payrolls < 75,000: S&P 500 index remains flat to down 0.5%. #市场关注美国非农数据
Bitcoin shorts continue, Fengge analyzes the retracement target of the big cycle. Which retracement target is 69500 or 68000? Interpretation of Fengge's opinion on Bitcoin]
Fengge showed strong judgment ability in shorting in the falling market. The day before yesterday, he gave a short order of Bitcoin at 72300, and took profit at around 71400 at 10 o'clock last night. Then he gave a short order at 71100, with a stop loss of 72600 and a take profit of 69100-68800. At present, the short expansion has begun to continue. Fengge believes that there is hope to complete the retracement target of the big cycle, but emphasizes that there is no clear cyclical reversal for the time being. Only the expectation of callback can be seen, and the callback may not necessarily promote the reversal of the cycle, and it is necessary to take one step at a time. The reversal of the big cycle usually does not arrive in one step, and different levels of confirmation signals will be given at the top.
At 11 o'clock last night, Fengge continued to analyze the first support area. If it breaks down, there is reason to see 0.5 and the two overlapping buy areas, and at the same time, it is said that there is no right or wrong in the current floating profit approach. After getting up this morning, Brother Feng asked everyone to take profits and exit, earning a small profit of 1,000 points. He pointed out that the price continued to fall from the top, which was in line with the recent analysis. The 4-hour double top flipped, and there was no stop-loss signal for the time being. Focus on the two supports below, namely the previous band high and the previous bottom multiple bottom neckline. These two positions are exactly 0.5 and 0.618 of the previous rise, but this is only the bottom of the expected callback. The final stop position is based on real-time signals, and the market needs to be seen step by step. In the future, whether it continues to fall or flips directly from the top, there is a high probability that there will be another test of the previous high. The situation where the top of the large cycle flips directly without a single band high will give confirmation signals at different levels, so the flip is not considered for the time being.
Brother Feng’s view is that the support below is 68,800-69,500. At present, Bitcoin has no stop-loss signal and is still bearish. Only when there is a clear signal will it go long.
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Bitcoin 74000 resistance level is high, facing many challenges in the historical high area; 68000 support at the bottom, strong buying interest, will BTC go to 68000 next?
Chart champion Daniel analyzed Bitcoin yesterday afternoon. He pointed out that the important resistance level for Bitcoin is at 74000, which is the area of historical highs; the support below is around the low point of about 68000, where the important anchor top VW support line coincides with the low point, and the higher point of the value area is around 66500 USD.
In terms of trading strategy, short positions should only look for opportunities above 74000 USD or wait for a break below the range. Once a new high is established, it is recommended to pause shorting. Long positions should look for opportunities around the low point of about 68000, waiting for a rebound after a false breakout, while using the rising trend gross profit VWP as additional confirmation, avoiding trading at the end of the range due to poor risk-reward ratio and low probability of success.
Overall, the market is currently very strong, and the small pullback indicates strong buying interest. If a new high can be broken, it may continue to rise to the 80,000 - 90,000 USD range.
From the situation during the day yesterday, Bitcoin was indeed very strong and did not decline, but last night, the US stock market opened with a black swan. The possibility of a pullback had already been informed in advance, and the given upper support of 72000, lower support of 70500, and the lowest long-short division line of 69500 were all validated one by one.
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Bitcoin has fallen below the key support level of 69,500, which indicates that the market may experience a downward trend. Pennsylvania TV announced yesterday that Sister Haha won the U.S. presidential election with 52% of the votes and 30 million ballots. Everyone is worried that Sister Haha's election may have a negative impact on the cryptocurrency market. The current key support level is at 68,900, and if it falls below this level, the market will return to a range-bound oscillation. #美国大选后行情预测 #美国大选如何影响加密产业? $BTC
The US election has not started yet, don't rush to be bearish. There may be many opportunities for shorting in the future, don't panic
The current fear and greed index remains at 77, and the market is in a greedy state but not extremely greedy. Many market opinions tend to believe that Bitcoin will experience a correction and it is difficult to set a new high at the moment. However, it must be clear that the overall market is still dominated by bulls. As long as it does not fall below the trend line, the current fluctuations can be regarded as a normal shock wash process
The US election has not yet started, which means that there are still many uncertainties and potential influencing factors in the market. In this case, investors should not be too eager to be bearish on the market.
After all, judging from the current situation, there may be many opportunities for shorting in the future.
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What kind of market turbulence will be triggered if Bitcoin really falls to around 60,000, leading to the liquidation of 13.2 billion in long positions?
Cheng Ge pointed out at 10 AM yesterday that a large number of high-leverage positions need to be liquidated. If Bitcoin falls to around 60,000, 13.2 billion in long positions will be liquidated, reminding everyone to be cautious.
At 1:30 PM yesterday, Cheng Ge provided a long position for Ethereum at a real-time price of 2642, with a stop loss expected at 2600, but half an hour later Ethereum exited, making only a 30-point profit.
At 11:30 PM last night, Cheng Ge provided a short position for Bitcoin at 71800, with a stop loss expected at 73200. Cheng Ge's view indicates that he believes this wave of rising is nearing its end and needs a correction because there are too many bulls. Cheng Ge has finally given up on the long positions and started to short. Everyone can refer to Cheng Ge's perspective.
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【With Wednesday’s low and yesterday’s bullish POC, should we go long at the high of 71000-71500? Vivi’s viewpoint】
Vivi provided updates for day traders in his message at 9 o’clock last night. As the POC was close to Wednesday’s low and yesterday’s bullish close, it was planned to go long at 71000-71500 to yesterday’s high. If this position 71500 can receive a rebound, Vivi sees around 73000. Bitcoin rose to 72977 this morning. For the next band, Vivi sees a pullback to around 69500.
At 4 o’clock this morning, Vivi said that this section has been completed, that is, it has reached the so-called 73000 (actually 72700), and it is possible to stop profit. The next step will be to trade Bitcoin, going long from 70800-71000 to 73000. Since the daily line has not closed yet, the next rise after the bearish trend will be 75,000. For intraday traders, long positions should be closed; swing traders can hold long positions in the swing and buy when there is a pullback; Sol spot traders wait for the monthly close.
Vivi's view is equivalent to believing that this wave of pullback can be long at 70,800-71,000, with a target of 73,000, and then fall after reaching 73,000. From Vivi's trading strategy, he has been touching the top, but yesterday's long orders at 71,500-72,700 made a profit of 1,200 points. Don't forget to follow us, let's be financially free together in this bull market.
Ethereum against BTC shows a double bottom at the time-space intersection, why should #以太币 be more focused on at this time? If a reasonable pullback occurs, how should one seize the opportunity to enter? 【Insights from the cryptocurrency expert】
The expert reminded everyone at 2:30 PM yesterday that the altcoins he recommended are all in good shape, and there's no need to stubbornly stick to specific points; purchases can be made appropriately. He also advised everyone to go long at #SOL 173.7, with a stop loss set at 172.4 if it drops below for 15 minutes, and take profit set at 174.5 - 175.8 - 177.5. The expert believes that Bitcoin and Ethereum will take turns driving the market, which can prevent a terrifying waterfall during Bitcoin's pullback, and #山寨币 has the opportunity to rise alongside. Ethereum against BTC shows a double bottom at the time-space intersection, and Ethereum should be more focused on moving forward. If a reasonable pullback occurs, consider entering; if there is no pullback at all, one can directly chase long positions, and shorting is not recommended.
Last night at 10 PM, the expert said not to open too many short positions on Ethereum and not to short blindly. If wanting to short Ethereum, it can be done at the 2750 level, with a stop loss at 2770 and take profit at 2726 - 2700 - 2688. If 2700 can hold, it may head towards 2820. When Sol arrives, one can continue to open positions with a stop loss; it’s small, so it can be tried. At 11:30 PM last night, the expert indicated that one could take early profits, as Bitcoin's hourly level starts to lag behind.
This morning after waking up, the expert emphasized that contracts and spot trading are not based on the same logic. Contracts require precise points for quick closure, while spot trading looks at trends and directions allowing for small fluctuations in between. The long plan for SOL173.7 has a profit of 1.8%, and #DAND followed yesterday morning's advice to buy at 1.14 - 1.1; the current price is 1.2, yielding at least 5.5% profit. The expert then analyzed that yesterday's strategy for Bitcoin can continue to be delegated, and Ethereum can try going long at 2662 to see if it can hold, with a stop loss set at a 15-minute close below 2650, and take profit at 2680 - 2690 - 2713.
Overall, the expert still believes Bitcoin won't rise significantly. The long positions at 72500 - 73000 from yesterday are still effective, and similarly, he looks for a pullback in the next wave. Everyone can refer to the expert's views. Don't forget to follow, let's achieve financial freedom together in this bull market. #$BTC