"Trump declares Bitcoin as a national reserve asset"? It is probably fake news!
In the history of the United States, there has never been a national reserve asset announced by the president. Gold and oil are established through legislation and other procedures.
In addition, Trump does not seem to be the president?
Suddenly I feel that the scope and purpose of this fake news have a bit of conspiracy meaning, but will I come back to refute it in a few days? Then I can only say that the big dealer is really good at playing.
BTC Bitcoin is still blocked at 0.618 at the large level; there is no change in the overall situation, and the small level continues to consolidate to relieve the upper selling pressure; the retracement short position is always a short run, because there is no obvious decline in 1 hour and 4 hours; If Bitcoin retreats after consolidation, the downward retracement is as shown in the retracement pattern in Figure 1. As long as the price is above the support position of 60124, it is a benign retracement, and the rebound structure is not destroyed; if you want to take this retracement short position, you still need to be patient.
#BTC☀ Every time Bitcoin reaches the resistance level, various news will come to help it crash; for example, around 65,000 is the Fibonacci division point of Bitcoin's weekly line, 0.618, and it is obvious that it will be blocked here. Then, with the news coming, Mentougou has started its repayment plan again. This time, the dealer is really good;
Bitcoin has fallen again. Many friends are asking why it fell just after they bought it. In fact, it is not because you just bought it, but because 64966 is the dead cat rebound position of 0.618 at the weekly level; even if you don’t short, you must not buy near the Fibonacci number 0.618; the golden section line is resistance above the price and support below the price. The higher the level, the more vigilant you should be about your trading behavior;
#BTC☀ Bitcoin was waiting for the long trading plan during the day last night, but there was still no long signal before going to bed. And reminded in the group that if 624 was closed with a negative line, then the rebound would be empty; and 60,000 could not be maintained! Perfect! Therefore, any trading plan must see the current signal before participating! Otherwise, it is giving money to the market.
$BTC Waiting for the signal to go long but I almost fell asleep while waiting. If there is no big positive line at 618-619 in 1 hour, you can’t go long; if there is no big positive line, it proves that there is no buying power, and if there is no buying power, you can’t go long; I’ll take a nap! I’ll see tomorrow!
FalconX’s David Lawant noted that previous deep negative readings occurred near local bottoms in price, with the most recent reading preceding BTC’s rally to all-time highs between October and March.
Data from CryptoQuant shows that Bitcoin’s premium on Coinbase has plunged to rare negative levels. Similar readings in November 2022 and August 2023 signaled an impending local price bottom and subsequent rebound.
Bitcoin (BTC) is trading at a steep discount on cryptocurrency exchange Coinbase, which could indicate that the price of the largest crypto asset is bottoming out, foreshadowing the next leg up. It’s the darkest time of the day; hold on.
Bitcoin reminded yesterday that the bullish pattern has changed. If you want to go long, you should pay attention to the 4-hour support position of 624~619, which is a potential long position. At 9 o'clock last night, Bitcoin perfectly fell back to 62400, and the 15-minute positive line rebounded to around 638.
The current support of Bitcoin below 619 is still valid. The judgment standard is to see whether it can close positively in 1 hour. If there is a positive line, it means there is buying. Just follow the long position, and the stop loss space is small.
#ETHBTC When will the Ethereum exchange rate break the downward trend line that has been pressing on it for almost 2 years? Can it break through 0.06 in one fell swoop? Let's relive the warmth of the 21st year's cottage season? When I woke up this morning, I saw that the cottage was like shit,,,, Bitcoin is about to rebound; cottages have to wait;;;;;
Do not open new short positions around the 4-hour support of 66218 for Bitcoin during the day;
When shorting, pay attention to whether the top K-line appears at the intraday resistance of 68240 and 68600. If there is a bearish engulfing, go short. If not, do not go short.
Conditions for going long: 66281 is not broken by the 4-hour negative line entity during the day. If it does not fall below today, go long tomorrow when the yellow arrow goes down; Both going long and going short require conditions. Do not go short at the support position.
Summarize 3 common pitfalls of the masters who lead orders in the market
The first type: either up or down type. The two heads say it all. From time to time, they take out some public data to repeat it. Basically, they are wise after the event. This is useless but not harmful.
The second type: betting on one side. It depends on whether his point is accurate or not. If the stop loss is a long range of 10%-20%, and the stop profit is 30%, then you can do better than him by flipping a coin.
The third type: sending you 3 to 5 orders or even more a day. This is the most dangerous. 1. They can eat your commission rebate. 2. They can only report good news but not bad news to cover the actual loss, which is more serious. 3. They even pull you into a fake exchange, saying that there is no commission here, and then dig up your leeks. These three are the most obvious. I hope to help you avoid the pitfalls.
Detailed market analysis of Bitcoin and Ethereum on June 12, Ethereum exchange rate is dangerous, do not trade Ethereum alone; Bitcoin long order profit target
The yellow area gap of Bitcoin has finally arrived. This is still a daily opportunity. Don’t panic. It’s a good thing for the cottage industry to follow the flood. There will be a small rebound when a positive line appears at 66247. You can take a short position. The greater opportunity is still in the yellow area.
Analysis of the latest Bitcoin market on January 11: Big opportunities for Bitcoin are coming; don’t panic, the flood of fakes is your chance to get on board