Jin Yifan: Short-term operation strategy for Bitcoin and Ethereum in the evening
Yesterday, the trend of the big cake was suppressed first and then rose, ending the weak trend, recovering all the losses on Wednesday, bottoming out and rebounding, and the daily line showed a slight sign of stopping the decline. It was supported at the 63,000 mark, rebounded, and stood above 66,000, breaking the weak pattern of the small cycle.
From the 4-hour market chart, the trend is strong, and a wave of gains broke the previous downward trend. The Asian market quickly recovered and reached the 67,000 area. In the afternoon, you can rely on this area to wait for an opportunity to go long. This strong stretch has limited room for callbacks and is suppressed by bulls in the short term. The operation maintains a bullish strategy.
Friday night operation suggestions BTC short-term: 66,800 more targets 68,500 69,500 (reach 68,500 and go short once)
Ethereum short-term: 3210 more, target 3280 (reach 3280 and go short)
——I am Jin Yifan [a teacher who focuses on analysis] Friends who have problems with operations or trends can communicate and learn operations together!
Currently, the market has shown a significant correction trend near 64500. Various indicators and market performance indicate that the correction trend near this price is relatively clear. The 4-hour MACD fast and slow line is below the zero axis, DIF and EA are double lines, and the short momentum has increased, indicating that the market is in a weak rebound. The current currency price is at the 64200 level, close to the expected short selling area. As far as short-term operations are concerned, it is recommended to continue to adhere to the short-term strategy.
Operation suggestions
The big pie is 64500 and the target is 63500-63000. Ether 3200 short target 3140-3120
The short selling strategy for Bitcoin and Ethereum given to me at night basically reached the highest level. You can exit early and take profits first without waiting in the second half of the night. At present, the overall market still needs to adopt the strategy of short selling at highs. I have been emphasizing to customers in the past few days that it is not suitable to go long in the current market, and the staged increase is coming to an end. We will make a single layout every time. Friends who need to keep up can follow the homepage $BTC #美国以太坊现货ETF开始交易 #比特币大会 #美国大选如何影响加密产业?
Short-term operation strategy and analysis of Bitcoin and Ethereum at night
With the current transfer of a large number of Bitcoins from Mentougou, the market selling pressure has increased again. From the technical point of view, the short-term rhythm of the daily line structure is still weak and downward. The moving average and the attached indicators have shown turning signals, and there is no effective rebound to change the current situation. The short-term rhythm of the 4-hour line is biased towards shock, and the long and short positions fluctuate back and forth with a small amplitude. Since the high 68500 area has fallen, there has been no effective reversal action in the market. The short-term rhythm is mainly based on shock and downward movement. Therefore, in a weak market, continue to maintain a high-altitude thinking. At present, the four-hour has fallen below the trend since the rise of 56000. After the short-term has been killed in large quantities, it is now in a shock consolidation at the 66000 line. The shape of the K-line is also in a bearish trend. Keep a good high-altitude operation in terms of thinking!
Short directly at 66600-66800 for big cakes, defend 66900, and target 65000-65200
Yesterday, Bitcoin fluctuated around the high of 70,200, but did not stabilize. It slowly fluctuated downward. It started a downward spike at around 9:52 in the morning, and then spiked again. Today, Bitcoin fluctuated by nearly 2,000 points, and Ethereum simultaneously fell by nearly 150 points. Today, Bitcoin took 1,500+ points, and Ethereum took 80 points. From the hourly line, the short-selling volume in the morning was very fierce, with nearly 2,000 points of space. This wave of decline was expected. From the current trend, there must be a rebound and stabilization after the plunge. Since it has fallen by thousands of points, it is very likely that it will stabilize at a low level in the evening and start to repair the market. In terms of operation, you can take low-long
The market of Bitcoin is actually a little slow. The market has basically been running near the expected high-altitude entry point for the whole morning, and the market has only given a retracement of two or three hundred points. The market has weakened to this point
From the four-hour chart, we can see that the Bitcoin market has basically maintained between the middle and lower tracks since it broke through 70,000 and then retreated to around 67,000 with a large floating range; the intraday market also showed a retracement trend after probing the middle track, and is currently in a shock retracement. Looking at the entire range, there is still a certain amount of space below
In terms of operation ideas, maintain the previous dynamic 68500/3860 short, and the target is 67000/3780
First release on the official account. Friends who want to verify their strength, follow the official account trader Jin Yifan. There are irregular medium and long-term strategies in the circle of friends. $BTC $ETH $SOL
The market of Bitcoin is actually a little slow. The market has basically been running near the expected high-altitude entry point for the whole morning, and the market has only given a retracement of two or three hundred points. The market has weakened to this point
From the four-hour chart, we can see that the Bitcoin market has basically maintained between the middle and lower tracks since it broke through 70,000 and then retreated to around 67,000 with a large floating range; the intraday market also showed a retracement trend after probing the middle track, and is currently in a shock retracement. Looking at the entire range, there is still a certain amount of space below
In terms of operation ideas, maintain the previous dynamic 68500/3860 short, and the target is 67000/3780
First release on the official account. Friends who want to verify their strength, follow the official account trader Jin Yifan. There are irregular medium and long-term strategies in the circle of friends. $BTC $ETH $SOL
In terms of Bitcoin structure, first of all, a wave of bottoming out at 67500 in the morning means a rebound, and the rebound encountered resistance at 68921. The rebound could not hold the increase, and the resistance of the bears increased. Then the subsequent trend of the market is bound to enter the stage of long and short competition. Pay attention to the emergence of shocks. In terms of suppression, 68900 was the starting point for the early rise last night, and 67500 was the support point last night. In fact, it can be found that the vicinity of 68900 has become a strong pressure position. In terms of intraday operations, you can follow the trend and follow up with high altitude. The short order given in the previous dynamic was perfectly won. Congratulations to friends who followed up. The ideas given below continue to short. Friends who have orders can follow the public account trader Jin Yifan and come for free consultation
Bitcoin Ethereum evening and tomorrow's operation ideas
Bitcoin daily level yesterday was under pressure on the upper track and closed with a long upper shadow small positive, the short-term shape is still weak 4-hour level macd began to form a golden cross below the zero axis, and the short-term moving average is also a golden cross upward. The short-term is still in a shock rebound. The upper middle track is below 68500 and the 66-day moving average is below 69600. It is expected that there will be pressure when it is touched for the first time, and it will fluctuate repeatedly.
Evening and tomorrow's operation ideas Bitcoin is around 68500 as a long-short conversion point, short-term target is 67000, and the break is 66300
Ethereum 3850 short, short-term target is 3790, and the break is 3750#山寨季何时到来? $BTC $ETH $SOL
Spot Ethereum ETF S-1 Approval Potential Date Announced,
Potential S-1 approval for spot Ethereum ETFs has become a hot topic in the crypto community. As a result, multiple industry experts have shared their insights on when the U.S. Securities and Exchange Commission (SEC) might approve it. ETF Prime podcast host Nate Geraci recently said that S-1 approval could come within a few weeks.
"When will the SEC approve the spot Eth ETF registration statement? *No one* knows the exact answer, but I expect it to be in the next few weeks. 2-3 months at most." In addition, Geraci believes that the approval process for spot Ethereum ETFs may be accelerated due to the rapid approval of the previous Bitcoin ETF.
Bloomberg senior ETF analyst Eric Balchunas also participated in Geraci's post. He proposed that the Ethereum ETF S-1 approval timeline may be around July 4, 2024. “July 4th feels like a good choice,” Balchunas said.
It’s fair to say that S-1 approval could take more than a month. While approval won’t be as fast as a Bitcoin ETF, it’s still too early given the debate surrounding Ethereum’s status and other regulatory implications. Therefore, the likelihood of spot Ethereum ETF trading starting next month is very low.
Seyffart highlighted a misconception that the approval of the 19b-4 and S-1 forms will happen at the same time, just like the approval of a spot Bitcoin ETF. Moreover, he clarified that SEC approval of these forms usually involves a minimum time interval before the actual launch of the product.
Is the Bitcoin rally over? 4 reasons why analysts are still bullish on Bitcoin
Analysts say the cryptocurrency correction has hit investor sentiment, but there are still ample reasons to remain bullish on digital assets. K33 analysts said the elimination of leverage has made the market “much healthier.” LMAX Group strategists noted that Bitcoin’s halving could have a positive impact on prices as spot BTC ETFs would attract a wider audience. Macro analyst Noel Acheson said that weak stock markets could weigh on crypto assets, but that any declines would be short-lived due to other factors.
Cryptocurrency markets took a beating over the weekend, with investor sentiment plummeting from the frenetic highs seen just a few weeks ago.
Is Bitcoin's rally over? Four reasons why analysts are still bullish on Bitcoin
Analysts say the cryptocurrency correction has hit investor sentiment, but there are still plenty of reasons to remain bullish on digital assets.
K33 analysts say the elimination of leverage makes the market "much healthier."
LMAX Group strategists note that the Bitcoin halving could have a positive impact on prices as spot BTC ETFs attract a wider audience.
Macro analyst Noel Acheson said that weak stock markets could weigh on crypto assets, but that the decline in stocks would be short-lived due to other factors.
Crypto markets took a beating over the weekend, with investor sentiment falling from the frenzy highs of a few weeks ago.
Bitcoin (BTC) fell below $62,000 on Tuesday, down more than 15% from its recent all-time high above $73,000, while popular altcoins Solana (SOL), Pepe Coin (PEPE) and Dogwifhat {{WIF}} plunged 40%-50% from recent highs.
Despite the sharp drop across the market, there are still many reasons to be bullish on digital assets even if prices fall further or go sideways for a while.
Follow the official account of trader Jin Yifan for follow-up consultation
1. The importance of "halving" Each halving event is a critical moment in Bitcoin's life cycle because it directly affects Bitcoin's issuance and inflation rate, reduces block rewards (newly issued Bitcoins that incentivize miners to produce blocks and maintain network security), and may have an impact on BTC's market value due to greater scarcity.
As its name implies, "halving" refers to the reduction of Bitcoin issuance by half, effectively halving Bitcoin's inflation rate (the rate at which new Bitcoins enter the market). With this halving, Bitcoin issuance will drop from 900 Bitcoins per day (1.8% issuance rate) to 450 Bitcoins per day (0.9% issuance rate). Therefore, the rewards miners receive for validating new blocks and protecting network security (excluding fees) will also be reduced by half, which will affect their incentive level and profitability. Halving is set to occur every 210,000 blocks, or about every 4 years, and is immutable - the rules governing this process are written into the underlying code of the Bitcoin network.
Since its creation in 2009, the network has undergone three halving events, each of which cut miners’ block rewards in half. The first halving in November 2012 reduced the reward from 50 BTC to 25 BTC, followed by the second halving in July 2016, which reduced the reward from 25 BTC to 12.5 BTC, and the most recent halving event occurred in May 2020, which reduced the reward from 12.5 BTC to 6.25 BTC. The upcoming halving is expected to take place on April 20 (block height 840,000) and will further cut the block reward to 3.125 BTC.
However, Bitcoin continues to develop on this schedule, and as the issuance rate decreases and 19.7 million of the 21 million supply cap has been mined, each new halving will have a smaller and smaller impact on the overall supply. Therefore, as Bitcoin approaches the upper limit of its limited supply, the importance of future halvings will gradually decrease. $BTC #比特币减半 #大盘走势 $ETH
The strategy of short-term operation of Bitcoin and Ethereum in the early morning and during the day
The short-term short position of the market has been falling, but the rebound strength is not bad, which can be seen at a glance from the parallel grid channel. The overall trend is slow and oscillating upward. This kind of market can be caught by long and short positions. The key lies in controlling the space. At present, the four-hour boll has begun to shrink, the upper rail has no longer extended upward, and the continuity of the long position has weakened.
The long and short positions have repeatedly turned back to form an upward oscillation range. At present, the upper rail of the four-hour boll still coincides with the high point above the parallel grid channel. Then you can continue to short near the high point above the parallel channel and see the low point below the parallel channel first.
Brief analysis of the evening market: How to make a pre-buried order in the second half of the night?
The short order given in the article this afternoon had some deviations in the entry point and did not enter the market. Overall, there is no problem with the general idea. Relying on short selling as the main operation, short selling at highs, and pre-buried orders in the second half of the night
Pie: short selling based on 64800 as the high point, target 64100, second target 63600
Ether: short selling around 3090-3105, target 3045, second target 3010
For more market analysis, follow the official account trader Jin Yifan or contact me for one-on-one guidance
Jin Yifan: The international conflict has eased, how to operate Bitcoin and Ethereum in the future?
Iran raided Israel late at night, Bitcoin plummeted to around 60,000, shocking the market. Iran announced the end of the military operation, and Bitcoin quickly rebounded to the 65,000 mark. How to operate in the future market.
Bitcoin: short at 65,500, target 64,600, second target 64,000
Ethereum: short at 3,120, target 3,060, second target 3,020
For more market analysis, follow the official account trader Jin Yifan #比特币减半 #CPI数据 #大盘走势 $BTC $ETH $SOL
Jin Yifan: The contract is trapped again, the following methods can quickly get rid of it
Hello everyone, I am a coin market strategist (Mr. Jin), focusing on the trend analysis of mainstream currencies in the coin circle. I don’t talk about it, but only write my own opinions seriously
First: According to the position status in hand, do the following.
1. Investors who are slightly trapped can use the rebound market to get out of the trap, and those who are not trapped should reduce their positions at highs.
2. Investors who are trapped at high levels can also make partial reductions at highs, so that they can take the initiative psychologically and financially in the next wave of the market.
Second: According to the technical status of the purchased varieties, do the following.
1. If the purchased varieties are at a high level when they are trapped, they must stop loss immediately.
2. If the purchased varieties are at a medium level, you can wait and see temporarily according to the current situation in order to get out of the trap or reduce your positions at highs to reduce losses.
3. If the purchased variety is at a low level, there is no need to rush to stop loss. After the purchased variety falls and stabilizes, you should dare to add positions at a low level at an important support level to dilute the cost, and rescue the high-level locked positions in the next rebound.
Third: According to the trend status of the purchased variety, do the following.
1. If the purchased variety is in an upward trend, there is no need to stop loss. Patiently holding for a period of time will inevitably unwind and even have the possibility of greater profits.
2. If the purchased variety is in a balanced oscillation trend, there is no need to stop loss immediately. Patiently wait for the variety to enter the high position of the oscillation cycle. Once the loss is small, you should decisively leave the market.
3. If the purchased variety is in a downward trend, once it is confirmed that the downward trend has been formed, you should stop loss immediately, and you must not worry about gains and losses and have illusions. Any hesitation and hesitation may result in a deep lock-in that is difficult to extricate yourself.
I am Jin Yifan [a teacher who focuses on analysis]. Friends who have problems with operations or trends can communicate and learn operations together! #比特币减半 #CPI数据 #大盘走势 $BTC $ETH $SOL
The bull phase is about to end, and medium and long-term layout operations will be carried out
In terms of technical structure, the short-term has officially entered the correction and adjustment stage. The overall space brought by the weekly breakthrough and heavy volume is larger. After the breakthrough releases the kinetic energy, there is no correction stage. It is normal to correct for a period of time.
The daily line has turned negative and corrected for the first time since the continuous positive rise. The pattern is still a signal of pause, not a signal of reversal. There are still many trends, but it may enter a shock cycle for several days. There is no obvious retracement within a small cycle. In the rebound, it is obvious that the support has not yet been confirmed. There is still room to see below during the weekend, and both bulls and shorts can basically participate in the period of bull correction and shock. In the near future, we will carry out medium and long-term real-time layout. Friends who need to keep up should pay attention to the official account.
Weekend short-term strategy for Bitcoin: short near 62300, short-term target 60800