$BTC Back to 70,000! Could it be...

Let me pour some cold water on everyone, before the final result comes out, don't say 'we won,' right now it's just an expectation brewing, and the big funds in the market are playing a game.

--- From the market perspective, there is actually good news, it's not just simply returning to the 70,000 barrier.

Currently, we are seeing a situation where, in a 'downward trend,' it is the 'first time recovering the pressure level.' This situation can be seen as a temporary halt in the decline, at least the bulls' determination is visible.

--- From the perspective of 'expectation.' The financial market has always been about speculating on expectations. Now that it's rising, favorable news might not lead to a significant increase.

So, if the final results are announced favorably, don't chase after it; wasn't it already starting to be speculated? Where are you?

--- Finally, let's talk about the short-term position of 69,200, which has been suppressed for several days and has finally broken through. It is advisable to wait for a pullback test before chasing it again.

Although 70,000 is an integer level, it essentially serves as a position where there are no nearby support or resistance levels, so I wouldn't recommend jumping in here out of FOMO. Those who are in cash might as well wait a bit longer.

$APT APT, APT, uh-huh uh-huh🎶~~~

This little tune has been quite popular lately, does the namesake brother want to show off too?

Currently trying to reclaim the high point of 'drop - automatic rebound', after reclaiming we can make plans to go up.
$BTC

$BTC The partners of the gambling news have good fortune!

The next two days will be the second most important news days of the year, #美国总统大选 is about to enter the vote counting stage! Are you fully invested in gambling or watching from the sidelines?

On the market, Bitcoin has shifted from a one-sided decline to a consolidation phase. Since it is an important news day, I suggest trying to find only the most critical positions for trading.

--- First, let's talk about this four-hour EMA moving average, which has not been effectively broken below. Since it is a four-hour moving average, it must be broken in four hours to be considered weak!

--- 65500 is the critical bullish structure breakdown point, and currently, the cycle still maintains a bullish structure. Don’t get confused by this week's pullback!

--- The bull-bear boundary is at 71600; once broken, it is likely to hit new highs!

--- The short-term bull-bear dividing line is at 69200; if it doesn't stand above this level, we cannot expect a stop in the decline.

👉 If Trump can be elected and does not break above 71600, I will look for a pullback; if Harris can be elected and does not break below 65500, I will look for a rebound. This is my thought process for the next two days~

The recent trend of $BTC makes me feel that Trump has already lost the election. I hope it's just a bluff 🙏

"News always lags behind the market."

Everyone needs to prepare for the expectation of a short-term bearish trend, and try to manage risk well in the coming week.

The rebound of $BTC is ongoing, and currently there is no script for recovering the expected resistance level. Bulls are advised to remain cautious.

The important short-term resistance level is 69200, which has been tested multiple times during the day, forming multiple tops before retreating. As long as this level cannot be recovered, we cannot expect a short-term stop in decline!

--- Subsequent declines should still focus on the area around 67400, and we need to wait for a test before entering.

--- If 69200 can be recovered on a four-hour basis, it would be a good stop-loss signal, and plans can be made to move upward. Strengthening requires recovering 71600!

--- If 67400 is broken, the major target below is 65500.

Support at 67400/65500, resistance at 69200/71600
$ETH 2410 precise entry, 2485 precise exit, comfortable or not?

The support level remains at two points, the rising trend line at 2415, and the cycle support at 2150.

$BTC The pattern on the short line is very clear, overall it is a converging triangle structure.

Once the structure breaks downwards, long positions can no longer be arranged.

The bull-bear dividing line is 71600, only standing above it can challenge new highs! Otherwise, it is merely in a rebound and has not strengthened.

Is the long position $ETH 2410 accurate or not!

The closer to 2485, the more worthwhile it is to take profits.

$BTC Both important positions in the near term have shown some rebound, but this is not a showcase, but rather a reminder for everyone.

--- Although a rebound has occurred, a reversal is not so easily achieved. The short-term bearish trend line has not changed at all, and we need to pay attention to several scenarios going forward.

--- For the bulls, the simplest scenario is the formation of a W bottom, meaning a second test of the bottom without breaking it, which may lead to a potential reversal.

--- Otherwise, it would be recovering resistance levels, especially important resistance levels. ETH needs to recover 2500, and Bitcoin needs to recover 69000.

(After a round of decline, it's the first time recovering a resistance level, which is a good potential reversal signal, at least temporarily alleviating the risk of decline.)

👉 Orders can take profit on their own; before a stop in decline, try not to have a position in long orders!

$ETH This year's biggest bubble undoubtedly belongs to Ethereum.

Give the two bulls a chance to be stubborn.

--- The nearby ascending trend line is at 2410, where a drop is allowed, and there is an opportunity for consolidation and accumulation below.

--- 2150 is the support-resistance exchange level on the daily chart, or the dividing line between bulls and bears, very important; if it breaks, it won't just be a simple consolidation! The importance of this level can be referenced to 2810.

Over the next two months, there may slowly be speculation on the benefits of upgrades, will it surge?

$BTC New Week Approaches, the next five days are packed with important news. Are your bullets ready?

Let's review two major events for next week 👇

1. First, the results of this round #美国总统大选 will be announced on Wednesday during the day Beijing time, which will likely directly impact the short to medium-term trend of Bitcoin!

2. Second, the Federal Reserve will announce the latest interest rate decision on Friday, with the market generally expecting a 25 basis point rate cut, which would be a positive outcome. Moreover, there is currently no apparent sign of an economic recession!

---------------------------------------

Back to the market, Bitcoin has currently broken through the phase support-resistance exchange level of 69000, and now we need to focus on several key levels.

--- Support to watch in two areas: the first is the EMA 144/169 moving averages, around the price of 67400.

The second is the bullish structure breakdown point at 65500. Above this level, there are still rebound opportunities!

--- Two resistance points to watch: the recent key resistance at 69200 ±200. Since it has already broken down, this level can be tried for a short position, with a strict stop loss on the breakout.

Next is 71600; if we regain this level, there is a high probability of hitting a new high!

#grass airdrop sold for nearly 3k dollars, who understands?! 😭

$BTC Didn't expect that, I tricked you all, I don't want to rest~

Actually, I just want to add that the 4-hour EMA 144/169 moving averages need to be closely monitored these days. Don't start shouting bear market if it falls below 69000, it's still too early.

--- The 4-hour EMA moving average price is around 67400; above this, it's biased towards strong; below this, it's biased towards weak, but we need to observe the support strength at 65500.

--- 65500 is a phase support level for the market; this is the point where a large-scale bullish structure can be broken. If it falls below this, the bullish structure will be damaged.

--- Short-term 69200 ± 200 is worth paying close attention to; this evening's rebound started from this point (now the second wave is starting). This point has been mentioned for a week, and the effectiveness of the rebound is also self-evident.

--- Resistance levels 71600/70888, support levels 69000/67400.

Voting for the major elections ends on Monday, and next week there will be various news, including election results and interest rate changes. Cautious funds may consider exiting early, while spot trading remains unchanged.

Rest, just analyze yesterday's data. The key support is still those two.

Btw, I just saw a clip of Trump's speech on cryptocurrency from a few months ago on #比特币大会 shared by Y News on Douyin, is it a signal?

$BTC

Haha! I have a friend who focuses on altcoin analysis and got angry when the contract's cooling period was opened.

But I can understand him. A skilled altcoin trader who can make stable profits opened five orders in one day, and all five lost; this is definitely a devastating blow to confidence and mindset.

Of course, I've seen his strategy, and he actually found good positions, but there's one thing he forgot—this mistake is something most people would make.

👉 Unlike one-way markets or sideways markets, we are currently in the "retracement phase" of an "uptrend." Since the trend is bullish, we tend to subjectively believe that buying low has a higher cost-performance ratio.

In theory, making low buys in a bullish trend is not a problem, but why aren’t altcoins rising where they should? Have you thought about this question?

It's simple: the market hasn’t stopped falling.

Our judgment on the direction of orders cannot avoid analyzing the trend of the major coin. Even if you find a good position with a favorable risk-reward ratio, the most important thing is that if the direction is wrong, it will still be a failed order.

So when you notice the market developing in a direction contrary to your expectations, it's a good idea to calm down first and wait for the market to show a certain signal before making your move.👈

$BTC
$ETH

$BTC Short-term key level 71600 has been broken, where should we focus next?

In the past few days, I have repeatedly mentioned a level, which is 69600-69200, this is a potential support-resistance exchange point for the market.

As for why it is 'potential', it is because there has not been any support test at this level yet, we only know it was once a resistance, and after breaking through, it needs to retest for confirmation to become support.

So the short-term focus is on 69600-69200. The point of destruction for the bullish structure is 65500, where there will be a temporary support.

$ETH continues to show a downward trend, the next support focus is around 2410.

$CELO Long time no see, friends. Taking advantage of the decline, let's continue to position ourselves.

CELO made an appearance at the #BinanceBlockchainWeek Blockchain Week hosted by Binance. Although the details are unknown, the fact that it will be showcased suggests that there will likely be movements soon. (Refer to last year's SUI)

From the K-line chart perspective, the trend is quite orderly, currently standing above an important support-resistance exchange level, making it worth positioning!

--- The most important short-term support is 0.618, this is the price, not Fibonacci 😂 See Chart 1, it's a very obvious support-resistance exchange level.

--- If 0.618 is broken, it will go to 0.53 to find support, which is a good place to increase positions.

--- Short-term target 0.69, medium to long-term 0.76/0.87
$BTC

$BTC I forgot to mention, the big and small non-farm data tomorrow and the day after, the key point is still 'Is the economy in recession?', which is very important.

If the economy is good, there might not be a significant correction after the election; if the economy is bad, we will endure another round and then welcome the big one!

$BTC Reaching New Heights!

Bitcoin is once again challenging its historical high. Although there has been a pullback after the surge, the short-term bullish structure has not been broken. Can it break through?

--- Short-term support to watch is 71600, with phase support at 69600-69200, the latter is worth paying close attention to.

--- Resistance level at 72800, currently there hasn't been any four-hour candlestick closing above this level. If it can close above, the small target above is 73600, and the big target is 78600/ ∞.

It’s been half a year since I used the symbol “infinity ∞” 😂 The bullish structure remains intact, and we can continue to expect!
$ETH Mysteriously surged, but until the target of 2810 is reached, I will continue to hold.

Phase support to watch is 2560/2600.

$TIA will unlock 79.52% of the total supply tokens tonight at 22:00, at which point there should be significant fluctuations in the market. Please be aware of the risks, whether bullish or bearish!!

#TIA超大额解锁
$BTC