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COS Coin Analysis
1. Technical Foundation It is built on the blockchain, utilizing distributed ledgers to ensure the transparency, immutability, and security of transactions. This technological characteristic allows COS coins to be effectively recorded and tracked during circulation. 2. Value Attributes In the Contentos ecosystem, COS coins have various manifestations of value. They can serve as an incentive mechanism to encourage users to create high-quality content; for example, creators can earn COS coin rewards for publishing high-quality articles, videos, etc. At the same time, they also serve as a payment method, allowing users to purchase virtual goods, services, or pay for advertising fees on the platform using COS coins.
Ethereum is approaching a rise of nearly 2000 points, follow the trend and go long to profit!
Bitcoin is expected to break 93K tonight, let's wait and see.
As an old coin, DOT should definitely be a focus for everyone~
DOT has already set up a long position in advance, those interested can check my post from yesterday.
As the second oldest coin, Ethereum's future value is incalculable, and its upward trend has basically been confirmed, so, brothers, I went in directly.
TRB, as a meme coin, opened a position yesterday and has stopped out, personally I feel that the price of 65-70 is indeed worth a long-term setup, it’s just that my strategy doesn’t really support me betting on such extreme price fluctuations, especially for a highly volatile coin like TRB.
The price of Bitcoin has stabilized at 90,000. Is it to lure shorts or longs? Are you going long or short?
If it stabilizes at 90,000, there will definitely be profit-taking orders that can't bear the inner expectations and sell, but it has not fallen. Can we guess that there is also a large amount of funds to attract funds at the price of 90,000?
The starting point of the next round will come soon. In this bull market, Ethereum has not broken through the historical high, and so has SOL. However, the recent trend of SOL is obviously stronger than Ethereum. It is likely that SOL has a lot of big golden dogs.
SOL is more cost-effective than Ethereum for long-term holding. At present, Ethereum is indeed not as good as it, but Ethereum has its own group consensus. The influence brought by this group effect will not be very bad. Therefore, if you have extra choices, you can also configure some Ethereum. After all, the sentiment of compensating for the rise of these two coins is still there.
I personally predict that Bitcoin will not be the main detonation point next. It will only cooperate with Ethereum and SOL to drag the crazy sentiment of the bottom bulls.
I think you can keep an eye on Ethereum's OP. It is already in the process of starting up, and the pullback will not be very strong. I think OP has a chance to approach $3 next week.
The current high sideways trading of Bitcoin is not the main force's shipment. All the coins that followed the rise of Bitcoin have followed the correction. As long as Bitcoin is strong at 80K, please continue to hold it. I personally think that the height of the next round will break your cognition, and the dog dealer will be particularly crazy.
It is a good opportunity to get on the bus when the price is corrected. Don't short it, brothers, because Bitcoin at 100,000 is not a good choice for shorting.
According to this strong pull-up effect, it is not an exaggeration for Bitcoin to reach 150K in the future. For a leading coin in a bull market, it is only a 10-fold increase based on 15K. Compared with some big golden dogs that have increased by hundreds or thousands of times, this increase is too reasonable, it is just a drop in the bucket.
Dogecoin will break through 1 US dollar, which is the old leader of meme.
There are also some new memes, such as squirrel pnut and cat coin, which have 10 times of space in the future. Please hold it boldly, and go long when the price is corrected. Spot is the best.
Hat Dog's performance will not be very big, and it probably won't break through $10 per coin, because his era has passed, and he can't beat Pepe and Gouzi in narrative consensus, let alone Shib, the little dog. I personally don't think much of Shib.
The blogger suggests: Be bold to go long, there is still a lot of room, don't let your cognition bind your courage, in the crypto market, a coin soaring 10 times in a bull market is commonplace. $PNUT $BTC $PEPE
I have been speculating in cryptocurrencies for five years, but I still can't make money. Even in a bull market, I still lose money.
When I make a profit, I can't get rich, but once I get greedy, I will blindly operate both long and short positions. Sometimes a single profit drags multiple orders to roll positions. Once there is a callback or rebound, I have to passively stop loss or even blow up the position.
Sometimes I really envy some people who use dozens of dollars to roll up. After accumulating for many months, the difference between a few months ago and a few months later is already a world of difference. There are many such people in the square. They started with 200 dollars in the front and the security captain in the back.
In fact, I have also had similar profits in the middle. Almost half of a month is profitable. This feeling is simply very good, but in the end it is destined to still lose money. After all, it is difficult to escape the fate of contract explosion.
You say there is no chance to get rich. In our time period, if you enter the market, you can just throw a few thousand or ten thousand to buy a coin and you will have a good profit until now. However, there are too many get-rich-quick effects in the currency circle. You are actually very optimistic about your income, but compared with some local dogs who can easily make a hundred times or a thousand times, you feel that your rate of return is very small.
Take the 15K pie from the year before last, the 500-dollar Ethereum. If you dare to do a contract and rush in, you can get a good return now. I have encountered this opportunity, not to mention the Dogecoin, which is about 1 cent a coin. It is simply a pain that I can't erase. When I first entered the market, I spent almost a month's salary on Dogecoin, about 5,000, most of which were heavily invested in Dogecoin. I still remember this number. When I was long, I held about 430,000 or 460,000 Dogecoins, which is a number of just over 400,000. I don't remember the rest of the numbers clearly.
At that time, I was working while staring at my own coins. I was very satisfied if I made a few hundred or a thousand dollars a day. I had to make a cigarette that I couldn't bear to smoke.
Then I joined a group and met some gamblers who focused on leverage. Seeing that their yields were so outrageous, I felt that my income was not good.
Then I followed the trend and played with the spot. The OK platform coin was less than three dollars at that time. I also sold all of them and exchanged them for US dollars to leverage. Then it was a nightmare and I couldn't quit.$BTC
The longer you trade in cryptocurrencies, the more you will find that you are trading with yourself. You know more about the macro aspects and the analysis of points than some newcomers. However, it seems that it is always difficult for old people in the cryptocurrency circle to make money. It is because they know more and are disturbed by various inertial thinking. For example, after Bitcoin has experienced several rounds of decline, they think that Bitcoin can continue to decline and the start has not really arrived. This is why many people are still bearish when it is 30,000, because Bitcoin fell to 15,000, and it took half a year to rise to 30,000 and then stayed flat for several months. If you were you, would you analyze based on the indicators and think that Bitcoin will bottom out again at around 15,000 or 20,000?
Newcomers are fierce. They don’t know anything. They just rush. They rush for the coin that is fierce. Especially some newcomers who are at the first level, who are guided by someone or self-taught, rush at random regardless of whether it has value or not. So this is why newcomers make more money than old people in the bull market.
Old people are numb to losing money. Even if they suddenly make a profit of 1000%, they still think it’s meaningless. I am in this state, because I have made too many profits and losses, and most of them will be liquidated or sold out by their own blind operations.
Suddenly I feel that the money in this market is still easy to make. If the dog was not greedy at the beginning and the liquidation position was controlled better, I found that the dog would have a wave of pull-ups around 0.19, because the big cake at that time broke through 73K and rushed to 80K, and the performance of the dog was a bit weak, and there would definitely be a rebound next. The facts proved that it was right, but I pulled it to the maximum directly, and did not manage the liquidation position well, which led to closing and opening again. The open position was pulled up to 0.35 and above, catching up all the way. Although I made money, the leverage was too large, and I had to stop loss at a callback, so in general, I was busying myself. Now I find that my trading method is simply terrible and rotten.
I have been struggling to find a capital that satisfies me, and then I want to wait for an opportunity to go long or short to make a long-term profit, but I find that the market gives me opportunities, but I don’t give myself opportunities.
Just like doge, I made a profit that exceeded my capital at the beginning, but a small correction put me into a state of floating loss of my capital.
The bull market is not over yet, short selling needs to be cautious! ! ! !
Yesterday morning, the Federal Reserve said that there would be no interest rate cut in December, causing the bitcoin price to fall to 86K. Among them, I believe that many people chased the short position. The bitcoin price has been sideways at a high level for so long, and it is at this place that a new round of direction begins. It gives me the feeling that the emotions that have been pulled up with great difficulty will definitely not disappear so quickly. The sideways trading is to allow more people to short sell, because when there is enough fuel, the main force can better pull the market and exchange the chips.
Why do many people like to short sell at the price of 90K-93K?
Because this price has risen by 6 times compared with the price of 15K. Everyone thinks that this price is the top, and the high sideways trading is to lure more.
However, according to the current trading volume, the major holding institutions do not seem to have shipped much, especially BlackRock, which has been increasing its positions. Will institutions like BlackRock be kind enough to take your orders?
Since BlackRock dares to keep adding positions, it proves that it is only a matter of time before Bitcoin breaks 100K. Just like when Bitcoin broke 73K, everyone thought that Bitcoin might be hard to break 73K again, and they all went short.
But the subsequent trend shows that not to mention 73K Bitcoin, even 80K Bitcoin is a bottom worth betting on today, right!
When everyone thinks 93K is the top, once this kind of thinking is formed, they will chase the short position, and the price difference of those who chase will become lower and lower, 93K-90K-85K-80K, etc., then when there is enough fuel, the main force will start the next round of high points of 100K-150K-300K again.
As long as the direction of Bitcoin can be controlled, the higher the main force pulls, the easier it will be to ship. Naturally, after the wealth-creating effect, more newcomers and old people will be willing to rush forward and take over.
The big cake keeps rising, keeps rising, this wave of emotion is even stronger than the one during the New Year. The historical trend has never let me down. November is the most powerful month for Bitcoin, especially the November when the big cake halves. It has already deviated from the technical aspect. According to technical analysis, after such a rise, there should be some indicators indicating a pullback, but the signals came out and soon started to reverse again.
Let's trade on emotion, brothers, let's get together and push the big cake to 100K each.
Bitcoin has strongly broken through new highs over the weekend, with Ethereum closely following and making gains. SOL is currently still in a consolidation phase, and it might be worth considering going long.
I can't stand this price for Bitcoin anymore, if it goes down, either die or eat a thousand points and then pursue long again when it reaches 76K.
It's risen so ridiculously, a thousand point pullback isn't too much to ask for, right?
Other altcoins are also following Bitcoin's lead. Yesterday I helped a friend go long on H coin; the direction was right, but I added to my position during the pullback, which made me unable to withstand the pressure of the pullback and forced me to cut losses. Otherwise, today I could have at least made a 20% price difference.
Sometimes when trading contracts, you have to believe in luck. If luck is on your side and you hesitate, you won't make big profits. If luck isn't on your side and you don't hesitate, the market makers will dare to liquidate your position directly. $BTC
My personal opinion is that in the short term, Bitcoin looks bearish, while Ethereum/Solana can be defended and go long during the pullback. $ETH $SOL
The weekend is here, and there is a high probability of consolidation. The relentless rise has been driven by the bulls, while the bears are suffering endlessly.
BNB has recently experienced a wave of catch-up, and I firmly believe that this catch-up will also be accompanied by a washout, so I opened a small short position around 631.
Bitcoin has fully liberated the trapped positions, and those who missed the opportunity to chase the rise currently have no risk of being trapped, as Bitcoin has consistently stayed below 76K, proving that the support below is quite strong. This is why I chose to short BNB instead of Bitcoin.
Although BNB may have the possibility of a pullback, the intensity is unlikely to be significant. Bitcoin is a ticking time bomb; as long as Bitcoin can't hold steady and begins to show selling pressure, the market will fall into a period of consolidation for several months. After all, pulling up also requires capital. Many profit-taking positions are consistently bullish up to 100K, but who knows if they can withstand the pressure of a pullback and avoid getting forced to sell?
I remain bearish over the weekend. By around 2 AM tonight, we should have a clearer direction. If there is a small pullback in the early morning that continues into Monday, then starting next week, I will still maintain a short-term bearish outlook on the market.
The pancake breaks new highs, approaching 77K. Is the consolidation behind the high-level sideways movement a sign of adjustment or main force offloading?
Comrade Trump wins the 2024 U.S. presidential election, and both the U.S. stock market and the crypto market are actively responding to the call for bullish advancement. As Musk is Trump’s number one financial supporter, naturally, his wave of investment can be considered a huge success, not only increasing Tesla's market value by hundreds of billions overnight but also winning praise both inside and outside the industry.
During the bullish frenzy, it is definitely right to follow the uptrend, but every trend has its life cycle. As traders in cryptocurrencies, we should consider that behind the madness, there are also accompanying risks, which does not mean that the bulls can continuously reap profits.
So, since we consider the life cycle of trends, shouldn’t we also be vigilant and try to predict when the market trend might reverse?
Central Finance has also reported on Bitcoin breaking new highs. According to past analyses, once the domestic news starts reporting, bearish trends are likely to follow. However, it’s worth noting that this report is clearly different from previous ones, as there is no derogatory language about Bitcoin in the news. Additionally, the U.S. will become a legitimate powerhouse for Bitcoin after Trump takes office. Therefore, if our country wants to position itself to make its economy number one globally, it will certainly change its previous views and reselect favorable policies for the crypto market.
This round of market activity will be particularly terrifying. For now, I have no reason for any opinion, whether in terms of trends or news, and I currently see no signs of the main force shorting.
Personal suggestion: During consolidation, you can take the opportunity to go long. As for the entry points, I won’t recommend any, as everyone has different amounts of money and different trading methods. Just remember, follow the trend and go long at the right moments!
Congratulations to Trump for winning the presidency in 2024. Bitcoin also had an emotional effect today and broke through 73.8K.
I think this round of emotions has just started the main uptrend. The subsequent trend will be particularly tragic for the air force, especially for players with high-multiple contracts and trapped at 60K. My personal suggestion is to reduce your position, because you don’t know where this rising indicator will go.
Some people will say, what are you afraid of, my position is 80K, 90K, to which I can only laugh, let alone 80.90K, even 100K is just a snap of the fingers.
Friendly reminder: The main force has fully liberated the locked-in plate, so the next step is to go to a point you can’t guess.
There are actually reasons for everyone to compare prices. Inertial thinking, for example, when Bitcoin reached 30K in the bear market, everyone had been at 20K for a year or so. The bottom price of Bitcoin was 15K, and it has doubled to 30K. Don’t you think it’s a bit expensive? At this time, everyone thinks that Bitcoin will pull back because there are too many profit-taking orders, right!
When Bitcoin reaches 60K, it will double for those who have opened positions at 30K. At this time, if you analyze the bottom of 15K, if those who have been holding positions have risen 4 times, how can Bitcoin directly pull back to 30K when it reaches 60K without a pullback at 30K? However, the trend shows that the probability is zero.
The bottom of this round is 67.3K, so please let go of your head and think about where this round of rising offensive will go?
100K? 120K?
If I were to say anything, I would say that there are infinite possibilities for upward movement. The driving force for upward movement depends entirely on the amount of fuel for short selling. The more people short sell, the more violent the upward movement will be. The more people long sell, the more violent washouts and sideways market conditions will be. However, 75K is definitely not the top of the pie.
Personally, I suggest that the probability of making money by going long on contracts is greater than that of going short, so please boldly follow the trend and follow the trend. If you have the conditions, take out 100,000 or 80,000 to max out the futures contracts. Please be bold and gamble once. Crossing classes, perhaps only one chance in life is enough.
$BTC $ETH $SOL
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Bold Predictions!!!!
The final wash of Bitcoin is about to end, and the main battleground ahead is still in the bullish camp. Short sellers, be careful of your wallets being emptied.
Harris cannot win; victory will certainly belong to Donald. The Jews can control the American economy, but the truth of America still belongs to the Germans.
In 2020, Donald was also mocked by various celebrities in the US, everyone guaranteed that Donald would not be elected, but the dark horse often starts to gain momentum at the last moment of the election. At that time, Donald didn’t know what kind of magic he used, as the subsequent voting data skyrocketed, and at the last moment of the election, he unexpectedly became the President of the United States in 2020.
It is not hard to find that the US presidential election is predetermined. The so-called democratic voting is just a facade; it is merely a formality needed by the national situation. As long as politicians and some capitalists want to conspire together, all major election websites can immediately rewrite voting data. We only need to know one thing: America was established by Germans; this is a definite fact. The Germans who moved from the empire on which the sun never sets played the game of capital and economy no worse than the Jews. If a country’s interests tend to lean heavily towards the Jews, then no matter how rich the Jews are, they cannot shake the resolve of the Germans to defend American sovereignty.
Now Bitcoin has begun to build a new round of bottom, 67.3K has appeared, and I think this is very likely the new bottom. With the arrival of the election on the 5th, the crypto market during this period is likely to be a bullish market.
It is not hard to find that many altcoins are actually very hard to follow Bitcoin’s decline. The best gains in this round are likely to appear in altcoins, especially the new coins released in 2024, which are even hotter, such as WLD, WIF, etc.
A friendly reminder from the blogger!!!
Go all in! Bet everything! Just trust Musk's vision; global new elites are betting on Donald, are you still afraid?
I believe that most crypto traders are here to change their class status; the opportunity is right in front of you. Are you still hesitating?
We need to follow the trend, go with the trend, and be the followers of the trend, trust your feelings, brothers...
The final wash of Bitcoin is about to end, and the main battleground ahead is still in the bullish camp. Short sellers, be careful of your wallets being emptied.
Harris cannot win; victory will certainly belong to Donald. The Jews can control the American economy, but the truth of America still belongs to the Germans.
In 2020, Donald was also mocked by various celebrities in the US, everyone guaranteed that Donald would not be elected, but the dark horse often starts to gain momentum at the last moment of the election. At that time, Donald didn’t know what kind of magic he used, as the subsequent voting data skyrocketed, and at the last moment of the election, he unexpectedly became the President of the United States in 2020.
It is not hard to find that the US presidential election is predetermined. The so-called democratic voting is just a facade; it is merely a formality needed by the national situation. As long as politicians and some capitalists want to conspire together, all major election websites can immediately rewrite voting data. We only need to know one thing: America was established by Germans; this is a definite fact. The Germans who moved from the empire on which the sun never sets played the game of capital and economy no worse than the Jews. If a country’s interests tend to lean heavily towards the Jews, then no matter how rich the Jews are, they cannot shake the resolve of the Germans to defend American sovereignty.
Now Bitcoin has begun to build a new round of bottom, 67.3K has appeared, and I think this is very likely the new bottom. With the arrival of the election on the 5th, the crypto market during this period is likely to be a bullish market.
It is not hard to find that many altcoins are actually very hard to follow Bitcoin’s decline. The best gains in this round are likely to appear in altcoins, especially the new coins released in 2024, which are even hotter, such as WLD, WIF, etc.
A friendly reminder from the blogger!!!
Go all in! Bet everything! Just trust Musk's vision; global new elites are betting on Donald, are you still afraid?
I believe that most crypto traders are here to change their class status; the opportunity is right in front of you. Are you still hesitating?
We need to follow the trend, go with the trend, and be the followers of the trend, trust your feelings, brothers...
The election on November 5th is approaching, and the non-farm payroll data for this month will soon be released. After a rebound of 73.6K, the large pancake has been hovering around 69K. Is this high-level sideways movement a lure for bulls or bears?
Recently, trading volume has started to decline, and the long-short game has reached a balanced state, with 69K becoming a new battleground for bulls and bears.
The positive news is that the old Trump might win the presidency again, while Harris is very unlikely to become president. Why do I say Harris is unlikely to win? First, there has been no precedent for a female president in the U.S. Second, her political career has been mediocre. Third, Trump is of German descent, while Harris is a bona fide Jew. The U.S. was established by Germans, and no matter how wealthy the Jewish consortium is, if they want to completely turn the U.S. into a puppet state controlled by Jews, I believe some truth-holding German bigwigs will not agree to this, and the German populace in the U.S. will also not consent.
I think the price at 69K could undoubtedly be the new battleground for bulls and bears. Although there hasn't been a significant amount of volatility for a long time, the fact that it has remained stable proves the strength of the bulls. Therefore, I believe this price is still worth paying attention to. If you want to build a position, you can first open a small long position. If the election on the 5th concludes with Trump successfully taking office, the bullish sentiment will definitely be particularly intense, and we can then increase our position and continue to go long.
The recent trend of Bitcoin is strong, and the market sentiment is relatively optimistic. From a technical point of view, it is currently in an upward trend, but it may face certain fluctuations and adjustments in the short term.
This is because, on the one hand, the positive macro trend provides strong support for the rise of Bitcoin.
As the US election approaches, the market expects that there will be potential good news for the cryptocurrency market.
The beginning of the Fed's interest rate cut cycle has increased market liquidity and the possibility of capital inflows into the cryptocurrency market.
In addition, Bitcoin's ETF data shows that funds continue to flow in, indicating that the market demand for Bitcoin is still high.
However, Bitcoin also faces some uncertain factors in the short term.
First, technical indicators show that after the recent rapid rise, Bitcoin may be overbought, and a certain correction is needed to repair the indicators.
My view is that the long-term outlook is bullish, and shorting can be done at a high level in the short term. Shorting contracts cannot be treated from a medium- and long-term perspective. It should be better to gradually reduce positions when the positions are profitable.
The main cryptocurrency has broken through 73K to reach 73.6K, and the upward trend has formed. Additionally, the Tron blockchain has issued another 1 billion USDT, proving that the liquidity of stablecoins in the crypto market is insufficient; everyone wants to exchange cash for USDT. Moreover, buying USDT currently has a premium. When the market is cool, buying USDT often falls below the exchange rate conversion price. I think these signs indicate that funds are starting to flow into the crypto market.
However, the temptation to short at this price is too strong. There was a drop in the early morning, but the drop was not significant, and the volume was very small, suggesting it might be a trap to induce short selling. At this moment, the probability of betting on a black swan is very slim, and the likelihood of the major player offloading is also low. I suspect it should be a high-position washout.
My short position at 72.7K has been stopped out, resulting in a loss of 20%. This is not surprising at all; playing with high leverage contracts can't withstand fluctuations of a few thousand points. I was just betting on the price point. It's a pity that I didn't bet correctly. Perhaps if I had reduced my leverage, my position wouldn't have hit the stop loss, and I could have gained a few hundred points during the early morning. However, lower leverage means smaller profits, requiring time to expand gains. If the direction is wrong, even if the leverage is smaller, the position will ultimately be liquidated.
At this price, the cost-performance ratio for shorting is indeed quite good, but one must be cautious of being trapped. If it breaks 73K and stabilizes above 72K, it's obvious that the intention of the major player is not to offload at this price. Shorting is also betting that it won't break 73K. Once it breaks, the perspective must definitely shift to considering going long.
If the major player wants to wash out violently, the intense upward sentiment in the early morning is certainly a great opportunity. However, it's clear that the major player has stabilized after hitting 71.8K. Such slight fluctuations make me believe that profit-taking positions are starting to reduce their stakes.
Therefore, in the future, Bitcoin is likely to continue to rise until the U.S. elections are over. As for how many points, it's really hard to guess. Perhaps at this moment, it seems that 80K is the peak and very hard to reach, but once 80K stabilizes and hovers for a few months, reaching 100K, then 80K would become a bottom for us contract players. $BTC
At this time, it’s wise to pay more attention to altcoins. The main cryptocurrency has taken the lead and started to surge, and altcoins will follow suit, although the timing of each sector's momentum will differ. I think it’s more important to keep an eye on some second-tier coins, like SOL and LINK. $SOL $LINK
In the blink of an eye, the big pancake surged from 68K to 73K. Opened a short at 69K, stopped out with a 20% loss. Chased again at 70K and got stopped out with a 30% loss. Fortunately, I held out at 71500; by that time, my capital had already lost 50%. To be honest, it really hurt. Now at 73K, I can't hold back anymore. No matter what, I have to jump in and short; if I die, I die. This wave is just the big pancake draining blood from the copycats. Let's see how long the big pancake can hold out.
As of today at 23:38, the price of Bitcoin has returned above $69,000.
On the news front, documents disclosed by the U.S. Securities and Exchange Commission indicate that Microsoft is considering entering the Bitcoin space, which has led to a collective rise in related concept stocks in pre-market trading, thus driving up Bitcoin prices.
From the K-line indicators, the trend of Bitcoin still exhibits a degree of uncertainty. On one hand, Bitcoin has broken through some key resistance levels in the short term, indicating that Bitcoin currently has some upward momentum.
However, from the perspective of a longer-term K-line chart, Bitcoin's price remains at a relatively high level and faces significant selling pressure from profit-taking.
In terms of technical indicators, Bitcoin's 1-day Simple Moving Average (SMA) still provides some support, but on the 4-hour chart, Bitcoin has fallen below the simple moving average, suggesting that prices may decline further.
The 1-hour MACD indicator also indicates that, as the MACD histogram moves below the zero line, Bitcoin may turn bearish.
Nevertheless, market bullish sentiment remains relatively active, and investors still hold a long-term optimistic view on Bitcoin's future trend.
The blogger suggests: At appropriate high levels, selling pressure from profit-taking will definitely lead to some decline, and we can also consider chasing a short position.
The following screenshot is a personal sharing of the blogger's Bitcoin contract positions, for reference only. #比特币布林带收窄至低水平 $BTC
APE has already made a profit, and after several rounds of upward trends, some pullbacks are just minor corrections. To lock in profits, everyone can consider appropriately reducing their positions to lower risk in the market.
The overall market trend still mainly depends on whether Bitcoin can continue to hold under pressure. However, it seems that Bitcoin will have a new round of corrections soon, with specific points still unclear. It is evident that the peak of this round is 69K, and the current price is still at a high level. If the bulls are consolidating, it might be wise to exit a bit, and if the bears are consolidating, it could be prudent to reduce positions to lower holding risks.
Futures are different from spot trading. In spot trading, even if a brave warrior chases the price to 70K, there's no need to fear; if it falls, just treat it like saving in a bank, because Bitcoin is a valuable asset, and the narrative bubble won't burst anytime soon.
For Bitcoin, I recommend a point of 68000 for a small short position; if the price rises, confidently chase a short.
I suspect it will be difficult to touch 69K again this round, but it might happen, so I suggest everyone chase appropriately.
Currently, it looks highly likely that it won't go up. Those who bravely shorted at 68K won't be stuck for long, unless you are using high-leverage contracts, which is a different story.
$BTC
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Bullish
Recently, the APE coin has shown significant volatility.
On one hand, stimulated by favorable factors, there has been a noticeable upward trend.
For example, Yuga Labs launching the ApeChain public chain and other related actions have greatly elevated market expectations for its ecological development, attracting numerous investors' attention and driving prices up, with a significant short-term increase of +150% observed.
However, the APE coin's trend also faces many uncertainties. After a brief surge, it quickly plunged, causing pain for bullish investors who chased the market, some even facing liquidation.
Currently, the APE coin is in a phase of adjustment and consolidation after a short-term rise. I believe this presents an opportunity, as an upward movement without justification may still lead the future trend to continue heading north.
With the upcoming US elections, the current market sentiment is quite complex, and any fluctuations in mainland regulatory policies may continue to exert pressure on Bitcoin's trend.
From a technical perspective, after experiencing rapid price increases, it often faces pressure from profit-taking. If it cannot effectively break through key resistance levels, the momentum for further rises may be hard to sustain.
Overall, while the APE coin has price volatility brought about by developmental opportunities, attention must also be paid to the current phase of adjustment. Risk-taking players may consider entering the market to chase a long position.
Below are personal price point recommendations and screenshots of trades. The blogger's position is a small fund size, please consider my views with kindness.