Market analysis on November 13: Bitcoin waits for a 1h level correction to come out and enters the market again
Daily Share As expected in yesterday's article, the price of Bitcoin retreated to 85,000 last night, and then rebounded upwards for 15 minutes to rush to 90,000, but failed to reach it. Today, there was a 15-minute correction, and the lowest price fell back to around 86,127. This is already a 15-minute center. At present, we can observe the strength of the 15-minute rebound. It can rush upwards to 90,000 again and then start a 1h correction. It can also rebound slightly here and then continue to fall, forming a 1h decline structure. No matter how the short-term trend goes, it is still necessary to wait for the 1h level callback structure to come out before participating in long orders. Unlike Bitcoin, Ethereum has currently formed a 1h level falling structure. It is expected to consolidate a 15-minute level center and then callback downward again.
On November 12th, Bitcoin surged to 89000 overnight, be aware of possible pullbacks this week.
Daily share The short-term market of Bitcoin has once again surprised everyone, with a continuous rise without a callback, finally reaching 89940, pulling up 8000 USD within 24 hours, feeling like a frenzied surge. After several days of continuous rise without a callback, we finally welcomed a small acceleration in the upward trend, with the bears almost wiped out. Last night, while browsing Binance Square, many large holders faced liquidation on their short positions, one large holder held a short position above 71000, with a liquidation price around 82500, losing 100,000 USD. This shows that this surge has been very decisive.
Market analysis on November 11, Bitcoin hits new highs every day, continue to wait for a pullback to go long
Daily Share In the recent few days, the price of Bitcoin has continued to rise, and the structure is a continuation of the 1h level rise, and there has been no 1h level correction. From the market point of view, there is no pressure from above, and when to give a correction depends on the market. From a trading perspective, the price has already risen to this point. If there is no clear callback structure, it is not safe to go long. Because you don't know when a big negative line will appear to clean up the market, so you can only wait for the time being. As for shorting, we can only say that the highs are constantly being refreshed, and the sky is high above, so you don't know where the price will rise, so it is not easy to intervene in the short position, at least it is not easy to set the stop loss.
November 10 Market Analysis, Bitcoin Hits 80,000. Altcoins Surge. The Bull Market's Second Half Takes Shape.
Daily share This wave of market movement is still very strong, pushing upwards all the way without providing a hopeful 1-hour correction. There’s nothing to be done; a one-sided strong market often continues to rise until reaching a certain high point, stirring everyone's emotions before giving a correction. Currently, the altcoins have also been very strong, most of them surging over 30-40%. Since the rise from 77000 to 80000 was unexpected for most people, many retail investors have missed out on this wave of market, and will quickly look for low-priced altcoins to leverage. Therefore, it cannot be ruled out that there will be a flash crash at the beginning of next week. Those using high leverage should pay attention to risks and remember to set stop losses.
Market analysis on November 9th, the big coin continues to hit new highs, but still needs to wait for a pullback before entering.
Daily share Unknowingly, the 1H level rebound here has lasted more than 4 days, continuously hitting new highs, but there hasn't been an accelerated upward push, so we still need to guard against a short-term 1H pullback and wait to go long again after the pullback. The overall daily uptrend is still ongoing, and there are currently no signals of a major trend reversal appearing. Some friends have overly focused on the 4H or daily structure when considering issues, always thinking that since it has risen so much, I'll wait for a daily pullback to go long, or a 4H pullback to go long. In a one-sided uptrend, such thoughts can easily lead to missing opportunities, and a bad mindset might even result in going short.
November 8 Market Analysis: Bitcoin's daily level upward movement still shows no signs of ending, continue to look bullish.
Daily Share In the recent week, Bitcoin experienced a wave of volatility and a V-shaped recovery, first dropping from the position of 73,620 to around 67,800. Then, with the U.S. elections and Trump's victory, it rebounded again and broke through the historical high, currently reaching a maximum of 76,850, setting a new historical peak. This is a miracle. This year's market, in fact, the most challenging has been Bitcoin's high-level fluctuations, with mainstream and altcoins continuously declining. Everyone has lost confidence in the bull market and lacks the profit effect. In fact, a bull market generally presents opportunities in the last 20% of its duration, when altcoins and mainstream coins emerge. So take it slow, don't rush.
Analysis of the market on November 7: Bitcoin is expected to make a 1h level correction, and the overall rise is still not over
Daily Share The 1h level rebound expectation of Bitcoin is almost over. In the short term, we need to see a 1h level correction. If it goes out smoothly, pay attention to the support near 72000. If it falls below 72000, it is possible to have a 4h level correction. Before it falls below, there should be another upward surge. Ethereum has started to catch up. Since October, we have been emphasizing that Ethereum's daily level rise will at least break 2830, and it has successfully come out. In the short term, it is expected that the rebound has not ended. After the correction, it should be able to rush up. If it breaks through 2950, the key pressure above is around 3050.
November 6 Market Analysis, Bitcoin reaches a new historical high again, after the new high, pay attention to upward strength
Daily sharing In today's market, Bitcoin started from around 69000 and in a few hours pulled up to around 75000, indicating that this increase was significantly influenced by the news of the American elections. Many of us still underestimated the impact of news, so many either exited too early or got trapped in short positions midway. In my recent market analysis, I have always emphasized that if there is news stimulation, it is possible for Bitcoin to reverse again. Technical analysis generally judges the market based on existing structures, patterns, and indicators. When the downward force significantly damages the upward structure, we tend to believe that the rebound will not surpass previous high points. However, when major news occurs, it can completely change this short-term situation, leading to a performance that exceeds expectations.
Analysis of the market on November 5, the expected 1h level rebound of Bitcoin has been postponed again, and the structure will not be missing
Daily Share The market trend is quite amazing. After a small rebound yesterday, it hit a new low again, resulting in the failure of the 1h level rebound we expected. Although it continues to go down, the necessary structure will definitely be there, so we still hope that it will go smoothly tomorrow.
Last night's decline basically reached the second entry point expected by the internal group. If 67,000 can be maintained tonight or in the early morning, there is still a chance to rush to the 70,000-71,000 range during the day tomorrow. I think it is worth observing. It is not recommended to chase long at present, and the recent long position is indeed not stable.
Analysis of the market on November 4: Bitcoin is rebounding at the 1h level in the short term, pay attention to the rebound strength
Daily Share In yesterday's article, we said that Bitcoin may continue to move downward in the short term to see whether it will fall back to 67500 or 67200. Last night, it successfully fell back to 67500, and then started a rebound. The current rebound here is a 1h level rebound. From a technical point of view, this rebound should not exceed 73620, thus forming a 4h level correction. Of course, the results of the US election will be announced on the 6th Beijing time. If Trump wins in the end, it is hard to say whether Bitcoin will hit 74000 again. From a technical point of view, the probability is small, but there is still a certain probability. Therefore, it is best to wait for the election results to come out before observing the specific end of this 1h rebound.
Market Analysis for November 3rd, Bitcoin has already broken downwards, currently looking at a 4-hour or daily level pullback.
Daily Share Currently, Bitcoin has fallen below 68,500 and couldn't sustain another push. Those damn altcoins and mainstream currencies are once again on a rollercoaster downwards. The overall market is still quite difficult, after all, it was just a bit away from breaking the historical high. It is highly probable that there will be a 4-hour level pullback here. If it continues to fall below 65,000, it will develop into a daily level pullback. Therefore, everyone should prepare for expectations. If there is a rebound in the short term, it is advisable to come out first to avoid risks. In the coming days, there will still be some volatility, one being the potential fluctuations after the election results on the 5th, and the other being the interest rate meeting on the 8th. Therefore, while the short-term continues to decline, a decent rebound will still occur, but the probability of the subsequent rebound not surpassing the previous high point and leading to a second sell-off will be greater.
Market Analysis for November 2nd, the big coin is looking for a 1h level rebound in the short term, pay attention to the strength of the rebound.
Daily Share Just yesterday, after the big coin retraced to 68830, we said that the short term would perform a 15-minute level rebound. Last night, the 15-minute level rebound surged to around 71632, and then the big coin's 15-minute level correction still fell back to around 68800. This indicates that the short-term 1h level is relatively complete. According to expectations, if it does not drop below 68500, then there is still a chance to push for a historical high point. Currently expecting to perform a 1h level rebound, observe the strength of the rebound. If the strength is weak, it may consolidate around a 1h level center before choosing a direction.
November 1 market analysis, Bitcoin's 1H level has dropped below 69500, facing short-term uncertainty and risks.
Daily share Our original expectation was that after Bitcoin's first 1H level rebound reached 72500, a second 1H level correction would occur, retracing to around 70000 or 69500. Then, as the first 1H rebound touched 73620, very close to the historical high, I adjusted the expectation for the second 1H correction to the range of 70000~71000. Following a dip in the early morning, Bitcoin failed to hold 70000 and dropped to around 68830. It is evident that Bitcoin has broken below 69500, with short-term market structure changes and increased risks of further weakening. A key position below is 68500; if it breaks this position, it indicates a high probability of turning into a 4H level correction or daily level correction.
Analysis of the market on October 31: Waiting for the 1h level correction to be completed, it will continue to rise
Daily Share Bitcoin and Ethereum are still experiencing a 1h pullback, but the overall 4h rise has not ended, so after the current pullback, they will continue to rise above 74,000, and Ethereum's target is still above 2,800. You can continue to enter the market to buy spot or go long during the current pullback, waiting for another rise at the beginning of next month.
BTC Due to the rapid changes in the short-term market, the article can only predict the market changes at the moment of publication. Short-term players should pay attention to the latest changes in the market and use it as a reference only. 1H: At the 1h level, the current 1h level correction is expected to be not over yet, and it should fall below 71500 and step back to around 71000. After that, the third 1h level rebound will see whether it breaks through 73777. It is expected that in the next two days, it may consolidate a 1h level center in the range of 71000~73500, and then move upward and leave the segment with a higher probability.
10.30 market analysis, Bitcoin is about to hit a new record high, the current daily rise is not over yet
Daily Share Bitcoin surged again this morning, reaching a high of 73620, just $160 away from its all-time high. Basically, it will continue to rise and break 73777. It is ridiculous that Bitcoin is about to hit a new all-time high for the second time this year, but most of the altcoins are still at weekly lows or near historical lows. Even Ethereum is still 80% away from its all-time high. Only a few individual currencies have outperformed Bitcoin. The spot market is still relatively bleak. Does that mean that the spot market has no chance in this round of market? No, there is always a rule in the bull market. That is, in the entire bull market cycle, Bitcoin is dominant for 80% of the time. Only the last 20% of the time at the end of the bull market is the time for Ethereum, mainstream currencies, and most altcoins to finally increase their prices and sell. The only difference from the previous bull market is that in the early stage of the previous bull market, most altcoins also saw a relatively large increase, and in the past, once the bull market oscillated sideways for more than one or two months, the altcoins and mainstream currencies would take over and start a round of increases.
Market analysis on October 29: Bitcoin price hit 70,000 in 4 hours, and the overall rebound has not ended
Daily Share It has to be said that it is very necessary to find and grasp the long and short critical points. Although the market structure sometimes does not move in a standard way, sometimes we always think that the previous wave of trend has not ended based on the structure, but in fact, when the market breaks through our expected long and short critical points, the trend often has turned. For example, in the recent market, we repeatedly emphasized at the beginning that as long as Bitcoin does not break through 67800, it should have another correction back to around 65500, but when the price broke through, the actual structure has changed. Then Bitcoin continued to rise and broke through 68500 and 68850 successively. At this time, you have to admit that the short-term trend has turned from falling to rising. At this time, if the short position does not stop loss, it may be easy to be trapped or face the risk of liquidation.
Market analysis on October 28, Bitcoin may have already begun a 4h level rebound, waiting for a retest to go long.
Daily sharing The prediction difficulty for the market in recent days is still relatively high. Firstly, the 1h level rebound starting from 65,596 has actually emerged from a small to large transition, making it difficult to predict that it would be a 1h level rebound above 68,000 directly. Secondly, due to the imperfect overall 4h level correction structure, we will be entangled between continuing to extend downwards and having already ended in the 4h level. Since the short-term has already pulled up above 68,800, it should have already started a 4h level rebound. However, the short term will still have corrections. You can wait for the 15-minute level correction or the 1h level correction; specific observation is needed.
Market analysis on 10.27, BTC continues to pull back to position, a rebound may begin next week.
Daily share Weekend market remains the same, continuing small fluctuations without the anticipated pullback. However, it has not broken through 67800, so it is likely to drop again. Still focusing on the support at 65000 below. If it holds effectively, the second half of next week may continue to push towards 70000, or even break 73777.
BTC Due to rapid market changes in the short term, the article can only make predictions based on the market conditions at the moment of publication. Short-term players should pay attention to the latest market changes; this is merely for reference. 1H:
October 26 Market Analysis, the third 1-hour level decline of the big coin, continue to focus on the support below.
Daily share In the articles from yesterday and the day before, we mentioned that as long as the big coin does not rebound past 69000, there will be a pullback to around 65000. The market has already undergone the expected third 1-hour level decline, which is not yet complete, and there remains a 15-minute level decline. The current key focus is the support at 65000. If it can effectively hold, then in the short term, we will continue to expect a 4-hour level rebound to break through 70000.
BTC Due to the fast-changing market, the article can only make predictions based on the market conditions at the moment of publication. Short-term players should pay attention to the latest market changes, and this should only be taken as a reference.
Market analysis on October 25: Bitcoin continues to rise in the near term. If there is another short-term correction, continue to go long
Daily Share After Bitcoin surged to 69,500 a few days ago, it continued to fall for two or three days, and the lowest price fell to 65,260, which instantly poured cold water on everyone's bullish sentiment. Fortunately, the 1h level rebound that started yesterday successfully rushed to 68,000, and the highest price reached 68,850. This shows that the trend here has not deteriorated further, so there is hope that it will continue to rise in the future. Here is a little promotion: a new bull market is in the making. If you want to join the spot group, you can chat with me to join the member spot group. After all, it is difficult for most people to make money effectively in the long term through contracts. It may be more practical to seize a wave of spot opportunities. The member spot group focuses on gradually recommending some potential currencies to ambush according to the subsequent market environment, and doing relevant risk control. Of course, some spot bands will be given from time to time to allow short-term operation opportunities.