Waking up, the US Dollar, gold, and Bitcoin all experienced a significant plunge; this week's trend is very crucial, what exactly happened in the market? Whether you are a business mogul or a social elite, as the second most rhythmic man on the internet, I want to emphasize a few points about the intraday Bitcoin trend!
1. Overnight, the international capital market witnessed a dramatic plunge, first the US Dollar fell, then gold, and after gold, Bitcoin dropped. The old saying can be summed up in two words: thrilling!
2. Last night during the US trading session, Bitcoin experienced a short-term downward fluctuation, and as the US market opened, there was a wave of accelerated decline, reaching a low of 94.5k before a slight rebound, the short-term trend was in line with expectations!
3. Market rumors suggest that Citron Capital (a well-known Wall Street hedge fund, skilled at short selling) shorted MicroStrategy (the publicly traded company that holds the most Bitcoin), which led to a sharp drop in its stock price, dragging Bitcoin down!
4. The short-term trend of Bitcoin has turned bearish (1-hour level), and without any sudden news impacting it, intraday contract traders are mainly shorting at highs, with resistance at the 96.6k level above and support near 93.2k below!
Questioning Old Nine, Understanding Old Nine, Becoming Old Nine, Surpassing Old Nine
This wave of Ethereum's surge is exhilarating!
In fact, we reached our expected target 13 days ago!
Those who are foresighted enjoy the feast, while others just sip the soup? #ETH市场新动向
LIVE
深南路老九
--
Bullish
There's no time to wait for the US market to open; Ethereum has been consolidating at the bottom for nearly 3 months. I have previously explained in earlier posts that the longer the sideways consolidation lasts, the greater the probability of a breakout upwards!
You may have noticed that during this recent Bitcoin rally, Ethereum has remained in a sideways state. Don't be anxious; build your positions gradually. The target this time is around 3500;
The reason for the sideways movement is fundamentally due to the current market state lacking funds. Regardless of how you view Ethereum's trend, I, as an old hand, remain optimistic about the trend for the remaining months of this year; gradually build your positions!
This is a market with clear signals; it is a structural bull market. However, many friends are in a bull market without realizing it and still can't comprehend it, putting themselves in opposition to the trend!
Now, it is not easy for someone like me to step up and instill confidence and point the way for everyone, as this may invite countless criticisms and ridicule. But I, as an old hand, don't care; I can endure as much slander as I can praise!#ETH🔥🔥🔥🔥 #内容挖矿 #技术分析
There's no time to wait for the US market opening. Regarding the evening market trends, I will summarize a few key points to prevent any brothers or friends from missing them:
1. During the Asian and European trading sessions, the major currency pair is fluctuating around 98k, with no significant changes in the trend. The short-term direction is slightly bearish!
2. Today is Monday, and there are no important data releases during the US trading session. Pay appropriate attention to the US November Dallas Fed Business Activity Index, previous value: -3, data release time: November 25, 2024, 23:30!
3. From a technical perspective, the daily, weekly, and monthly charts are all in a bullish resonance pattern. In such a scenario, prices are more likely to rise than to fall; whether bullish or bearish, if the rhythm is not grasped well, one could easily become a catalyst for the main force!
4. An excellent trader (hunter) spends most of their time waiting. When the opportunity arises, it should be positioned accordingly!
All friends in the currency circle, pay attention, when you see this post, congratulations, you have already seen the full house of the big cake! There is no prediction in the old nine mode, only the standard answer! Regarding the trend in the evening, I would like to emphasize a few points!
1. The current trend can be said to be in a chaotic period, and it is time for both sides to have their own reasons. It is a great test for both long and short parties, but it is a greater test for shorts because the overall trend is still long!
2. Using the weaknesses of human nature to wash the market is the inherent strength of the main force! In the currency circle game, you must be absolutely calm and confident. Right is right, wrong is wrong, and if you are wrong, adjust in time, don't care about anyone's opinion. If you doubt yourself, what is the game? And make a hammer money!
3. The big cake is already in the stage top area, top, bottom, top, important things say three times! ! ! Before there is any unexpected negative news, the focus of the market will still be on high-level sideways fluctuations;
4. In the short term, before the big cake has a clear direction, you can focus on the high-quality copycat targets mentioned earlier!
Only then can friends see the real excitement of a hundred flowers blooming; before that, I hope friends can look at the market positively and optimistically!
It's late at night, the US stock market is closed, Wall Street elites are not working, regarding the evening market trends, Lao Jiu highlights a few key points to prevent anyone from missing out!
1. During the Asia-Europe trading session, Bitcoin experienced short-term fluctuations and declined, hitting a low near 96.4k before rebounding slightly, the trend is in line with expectations!
2. The weekend market is thinly traded, lacking liquidity, and without any sudden news impact, it is difficult to see large fluctuations!
3. The market is currently very concentrated, and there is still a demand for short-term adjustments; once it starts, it will be rapid; a brief correction is for better upward movement ahead!
4. With the price of Bitcoin reaching a new historical high, based on Bitcoin's current price of 97.3k, the company with the most Bitcoin holdings globally is MicroStrategy (a publicly traded company), with unrealized gains exceeding 16 billion USD.
As of November 22, 2024, they hold a total of 331,200 Bitcoins, with a total purchase cost of about 16.5 billion USD, with an average price of about 49,874 USD!
No need to guess the ups and downs anymore, you're here for an answer! Now, Old Nine brings the standard answer straight to you; Bitcoin has been fluctuating narrowly over the weekend, and this cryptocurrency continues to rise, with greater potential in the future!
During the Asia-Europe trading session, Bitcoin maintains a narrow range of fluctuations in the short term, with little overall price change over the weekend, and everyone is in a wait-and-see mode.
From a technical perspective, the short-term trend leans bearish, and short-term contract traders should maintain a short-selling approach on rallies! Resistance above is at 98.6k, 99.2k, and support below is at 97.2k, 96.8k;
Previously, we mentioned that Nfp continues to rise, which is a good sign;
For high-quality altcoins in the AI sector, everyone should be patient and continue to hold onto their coins for potential gains!
Currently in the phase of major accumulation, total market value is 87.9 million USD, and there is still a very large potential in the future! #NFP
No nonsense during the session, let's get straight to the point!
The news over the weekend is light, and from a technical perspective, the intraday trend for Bitcoin is bearish. Short-term contract players are mainly focused on shorting at highs!
Pay attention to the resistance at the 98.6k level above, and the support at 97.2k and 96.8k levels below!
The big pancake sets the stage, the cottage industry puts on the show. Just when you're about to give up, it arrives slowly; this coin is about to take off!
First of all, whether you are in cash or fully invested, for friends who have been following the post for a long time, I won’t say much. Not talking about big fish and meat, but at least there are steamed buns in hand!
With artificial intelligence (AI) leading the way, the king returns, and the entire AI sector is fully activated again today.
Everyone, with the market looking like this, many people are very confused, and their hearts are in turmoil. However, for us, there is no clearer market than now.
Moreover, we are fully prepared for the upcoming trends!
Attention all friends in the cryptocurrency circle, this weekend the Bitcoin is consolidating at a high position, the major players are fully invested, the left hand is cloud and the right hand is rain, turning clouds into rain, what comes next is a rise or a fall? Whether you are in cash or fully invested, here are a few key points from the old nine!
1. At this stage of market development, the short-term trend shows a balance of power between bulls and bears! Coupled with the substantial profits from earlier, those who should have sold have sold, and high-level fluctuations are inevitable!
2. From a technical perspective, the 1-hour trend is biased towards bearish, with a need for a pullback! The daily price is in a state of rising with fuel in the air, and without any sudden negative news affecting it, the overall trend is still absolutely bullish!
3. Today is Saturday, and the market news is light. Watch for resistance at the upper levels of 98.8k and 99.6k, and support at the lower levels of 97.2k and 96.8k! Short-term contract players should mainly sell high!
4. Trading is about one's own inner self, it's a game of the hearts between people! Every trade must have a good mentality, reasonable risk control, and technical analysis; these three elements are essential conditions for a trade, none of which can be lacking!
Everyone, it's the weekend again. Tonight, the old nine invites friends to have a few drinks together to celebrate our phase victory! Have a great weekend!
The concubine 3500 has arrived, where will it go next? Share your thoughts!
LIVE
深南路老九
--
Bullish
There's no time to wait for the US market to open; Ethereum has been consolidating at the bottom for nearly 3 months. I have previously explained in earlier posts that the longer the sideways consolidation lasts, the greater the probability of a breakout upwards!
You may have noticed that during this recent Bitcoin rally, Ethereum has remained in a sideways state. Don't be anxious; build your positions gradually. The target this time is around 3500;
The reason for the sideways movement is fundamentally due to the current market state lacking funds. Regardless of how you view Ethereum's trend, I, as an old hand, remain optimistic about the trend for the remaining months of this year; gradually build your positions!
This is a market with clear signals; it is a structural bull market. However, many friends are in a bull market without realizing it and still can't comprehend it, putting themselves in opposition to the trend!
Now, it is not easy for someone like me to step up and instill confidence and point the way for everyone, as this may invite countless criticisms and ridicule. But I, as an old hand, don't care; I can endure as much slander as I can praise!#ETH🔥🔥🔥🔥 #内容挖矿 #技术分析
While you are still hesitating whether to get in the car, others are already eating with their mouths full!
This cryptocurrency is poised for takeoff and will soar alongside SoL (Solana) in the future, with the short-term trend set to welcome the third major upward wave!
JTO is a liquidity staking service provider for Solana, with a market cap of only $466 million, leaving enormous potential!
Moreover, it features an open-source Solana validator client, allowing stakeholders to earn Solana staking rewards and obtain MEV through its MEV software suite.
From a technical perspective, it has already broken free from the downward trend on the daily level, and with the help of the big ship SOL, we can also reap some benefits. Everything is ready, just waiting for the right moment! #JTO🔥🔥🔥
It's so crazy, Bitcoin has reached a critical position again. Some are hoping to break through 100k, rubbing their hands together wanting to get rich; others are afraid of a plunge, easily going mad under the knives and sticks; for a considerable time in the future, these few tracks will still be the focus of the old nine!
Bitcoin has reached a new high, it looks quite good, only those on the scene know that it is really hard to play; the rhythm is very important during the rise, in this post we will talk about the rhythm!
The authenticity of Bitcoin's breakthrough here still needs to be verified. Even though it has reached a new high today, the trading volume has clearly decreased. So far, if the trading volume does not catch up, today's high will become a high point for a long time to come. I hope friends can keep this in mind and remain cautious!
The direction is also undergoing expected switching, but the scope of the switch is too broad. The results that everyone wants are often unattainable, so the sustainability of most rebound directions is not guaranteed. Therefore, risk control still needs to be emphasized, and positions that need to be managed should be managed, and do some subtraction!
In this round of switching, the old nine still values artificial intelligence (AI) the most; its sustainability should be better than other directions. GameFi and Meme will continue to be tracked!
It's amazing. Bitcoin has ushered in a major positive news and hit a new record high again, just one step away from 100,000 US dollars. Everyone is boiling! Will it rise next? No more words, let's get straight to the point!
Trump's team is considering setting up the first White House cryptocurrency position in history. This position will be the first position in the White House to be specifically responsible for the crypto industry. This move shows the prominent position of the cryptocurrency industry in the Trump administration!
Affected by this, Bitcoin's Asian trading session once again set a new record high, just one step away from 100,000!
The price has once again reached a critical position. Here, Lao Jiu reminds everyone that short-term contract players should put risk management first, and light positions and low multiples are the kingly way!
I cannot stand to see others lose money, but market trends often lead many to lose money! The main players fear that everyone will enter the market in these 4 situations. Once these 4 patterns appear, the old nine will decisively enter the market, and in the short term, one can reap substantial profits. Today I will share these 4 short-term intervention methods with everyone, hoping to inspire you.
1. Breakout of the box, enter on a pullback to the support line:
A large bullish candlestick breaks out of the box, then pulls back without breaking the top of the box, entering near the 5-day and 15-day moving averages.
2. Upward trend, enter on a pullback to the support:
In a period of upward trend, when a pullback occurs, every time the price hits the trend line, it is an opportunity to enter the market.
3. Head and shoulders bottom pattern intervention: The head and shoulders bottom pattern refers to a combination shape in the candlestick chart that resembles a head and shoulders. It consists of the left shoulder, head, right shoulder, and neck line! When the price breaks through the neck line with volume, it is the entry point.
4. Daily level reversal intervention: When the market is in a long-term downtrend, on a certain day, the price quickly breaks through the downward trend line, forming a reversal, at this time, follow the trend and enter! #技术分析
In the cryptocurrency world, many people are not unable to find good targets, especially novice players, who often ride the rollercoaster, resulting in no profits, or even turning profits into losses! In the end, it feels like doing it all for nothing! In practice, Lao Jiu has summarized several common exit techniques. Understanding their logic can save you years of detours.
1: First, regardless of any investment, you must prioritize risk. If you have no capital, how can you expand your territory?
2: In actual operations, you must set clear goals in advance, meaning stop-loss and take-profit levels. Once these are reached or do not meet expectations, you must decisively take appropriate actions.
To help everyone better understand, I have created a graphic with these common judgment methods below and added annotations. You can save it and seriously grasp its essence!
Likes, follows, and shares are the biggest support! #技术分析
I won't waste time on the intraday trading, and will go straight to the point:
1. The Asian trading session maintained disordered fluctuations around 91K, and the short-term trend did not change much!
2. From a technical point of view, the 1-hour and 4-hour movements were very tangled, and the price returned to the oscillation range again. Both the long and short sides were staring at each other, and it depends on who can break this tangled situation first!
3. Now the short-term Lao Jiu has no direction, and can only choose to wait. In this market, opportunities are always waiting.