Bitcoin may be迎来 a turning point!
Currently, BTC has likely retraced, with around 92,000 being the support level from the previous five declines. The consensus is quite strong, and there is considerable bottom-fishing capital, which could lead to a significant rebound.
This time, Bitcoin has dropped from over 100,000, and I think it has the potential to rebound to around 98,000 like the previous declines. Personally, I haven't bottomed out BTC; I've bottomed out ETH, which is expected to rebound to around 3,500.

However, I've only entered half of my short-term position because if Bitcoin breaks below this important support at 90,000, it could lead to a waterfall decline.
But the probability of a direct drop is relatively low since it has already fallen so much; at the very least, there will be a rebound first, unless all the upcoming U.S. data is negative, which would mean the end for the capital market. If that happens, I believe the Federal Reserve won't stand idly by.
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As for my ETH, I'm still placing orders just above 3,000, preparing for both scenarios, and leverage shouldn't exceed three times. You have to understand that the current market is heavily influenced by large whales, and the trend completely follows the fluctuations of various U.S. data. What if there are more negative signals later?

We can't control this data; what we can do is manage risk effectively, entering positions only at key support and resistance levels to maximize our chances.
In conclusion, Shu Qin wants to say, don't give up, the bull is still there; right now, it’s just bowing its head to drink some water.

It's broken, bro, this time he's in trouble.
Previously, a giant whale shorted 20,000 ETH at 3400, and then added to the short position at 3600. The health of the position has dropped sharply from 1.25 to 1.14, and liquidation will occur when it reaches 1.
I calculated that when ETH reaches 4200, the whale's position will be liquidated, and they will be forced to buy back a position of 100 million ETH to cover the short.

Some people ask, is 100 million a lot? Binance's total ETH spot trading volume is currently 600 million, most of which are offset trades, so the actual inflow of funds might just be 50 million, equivalent to an ETF. So, this 100 million liquidation turning into buy orders, is ETH about to take off?
This guy is adding to his short position when the position is at risk, and the liquidation line is precariously close, truly a strong bow at the end.

Now the main players need to step up, directly force him to liquidate, I believe that before it even reaches 4200, the whale will back down, after all, he doesn't want to be liquidated.
I estimate that if ETH rises a bit more, he will have to stop loss and cover the short position, buying back around 24,000 ETH. Now, with this last breath, everyone cannot back down, the whale hunting plan has just begun!

Weekly outlook
The pullback is still early
The lower track is still above forty thousand
Support for a pullback around 85 88
Then continue to push up
It may break the previous high to twelve or thirteen
Or it may approach the previous high
How to respond?
When approaching the previous high, reduce some leverage
Hold the remaining to twelve or thirteen
This is the best response method
Seek stability
$BTC

#moca moca has been consolidating for such a long time, and the increase in long positions from last night to today is quite evident. The 48-hour contract has increased by 24%, and small-scale long positions are continuously flowing in. Overall, each time moca rallies, the increase is still quite considerable, and the willingness of the main funds to enter is relatively high. This batch of funds is also in a difficult position to unload.

Sharing ideas on Ethereum short orders (12.27)

1. Good evening, everyone. I am Chen Changsheng. It has been another busy year. It is almost New Year's Eve. From 12.25 to 1.1, there should be an overall box-shaped oscillation structure. It is expected that there will be big moves on Wall Street after New Year's Day. So the market should not be too big in the next few days. It is necessary to pay attention to the King of Understanding's appearance on the stage on 1.20. The market may ferment in advance. What I mean is that the heat of winning the election may have overshadowed the appearance on the stage. You can think about it. For example, we are going home for the New Year. The happiest moment must be on the way home. The same is true for traveling. So here is a reminder that there are positive factors, but be careful of the machete coming back and forth. Next, I will talk about the ideas of Ethereum short orders. You can refer to the chart. After falling 3100, the highest point of the two rebounds was around 3550. This range can be used as our short order entry point. However, the support below Ethereum is gradually increasing, so it is not ruled out that there is a triangle breakthrough structure. The 4h-level macd indicator has the possibility of short volume, so this order needs a thinner defense. The disadvantage of ultra-short-term is that it is difficult to control the unilateral market. !

2. In terms of position, short orders are placed around 3530-3550. If it breaks through, we can only go to the 3700 resistance level to short orders again. The target is around 3100. You can stop profit in batches. I made money yesterday. I will DJ for you! 😎 $ETH

Powell's Hawkish Storm, Old Liu's Doubling Miracle!
How did Old Liu effortlessly achieve a 62% return on his entire position?
After the strong hawkish signals released by Federal Reserve Chairman Powell last week, the global financial markets experienced severe turbulence, with both the cryptocurrency and U.S. stock markets plummeting. However, amidst such market fluctuations, Old Liu's rich trading experience allowed him to easily secure an astonishing 62% return on his entire position!
His ability to profit steadily in the market is precisely because he knows how to grasp market trends and strictly adhere to trading strategies.
Powell's Big Move, Old Liu's Doubling Plan In the face of Powell's hawkish policies, Old Liu is also preparing to unleash his own doubling strategy in the upcoming market conditions. Every market fluctuation is an opportunity; the key lies in how to capture and utilize these opportunities. Keep up with Old Liu and race through the cryptocurrency world Want to learn Old Liu's doubling secrets? Then don't hesitate; Old Liu will lead you to race along the highway of cryptocurrency, seizing every opportunity to double your investment! In this market storm triggered by Powell, Old Liu has already proven his strength. Now, he is ready to lead more cryptocurrency friends to face the upcoming market challenges together. Join Old Liu's ranks, and let’s navigate the waves of the cryptocurrency world together, achieving a doubling growth in wealth!

$BTC sold, brothers, I've exited the market! Goodbye!
I hardly slept last night watching Bitcoin continue to plummet, my account kept losing money, and my mental defenses were gradually breaking down. However, I still held onto the hope that the retail investors in China might wake up and Bitcoin could rebound, but at 9 AM Bitcoin dropped to 98,000, completely breaking my mental defenses. In the end, I had to accept a huge loss of 5,000, and at 99,000 I closed all my positions and chose to cash out. The reasons are as follows:
1. Those who know me are aware that I started with a capital of 7 units and reached a maximum of 1,000 units. With a 2,000 yuan investment on Gate, I had a total of 12,000. A sixfold return in one and a half months is actually enough; there's no need to take the risk of buying at high prices.


2. I originally planned to sell Bitcoin at 110,000, but I realized that the previous strength of Bitcoin was just because the interest rate cuts were a done deal, so the good news had already been priced in. Coupled with the subsequent bearish trends, it became even more confusing, making me hesitant to take risks.

Earn 200 in a few minutes, should I still attend a useless class? I'm quitting tomorrow.

$NEIRO Actually, most of the meme situations today are quite similar; they are all consistently selling off. However, Neiro has asked more friends, so I will share the data first. Currently, Neiro shows no signs of accumulating and is continuing to sell off.

However, trading strategies need to differentiate between long-term and short-term. In the short term, such sell-offs definitely cannot be bottomed out. In the long term, during a bull market, popular memes won't be too disastrous, but at this position, I personally also don't want to enter long positions for now. Neiro, Pnut, and Act are all a bit weighted; I personally suggest waiting until the contract long-short ratio is a bit more normal before entering in batches at lower prices.