My 883 short position is still open, the market trend is just like that, nothing much to say, I won't be live streaming tonight, so let me briefly mention a few points.
Pay attention to a few trends tonight: 1. Yesterday, after a rise to 88, it dipped to 86, so we need to watch for a second acceleration action around 86, somewhat similar to what happened at 84 earlier. Additionally, I mentioned the extreme level of 88 before; if it breaks above 88, we can't rule out the possibility of reaching 92, in which case we should consider opening a short position at 92, though I hope this situation doesn't occur.
2. If it continues to trade in this narrow range, it might go down again tonight, but if it continues to test the 86 level without extending downwards, consider buying near 86, and look for a rebound after midnight.
3. If it breaks below 86, further decline towards 84 is possible; of course, this is the ideal scenario.
Price movements are unpredictable, we only consider possible scenarios and make the most reasonable choices when prices change.
Pay attention to a few dense range levels tonight: above are 883, 895; below are 863, 851. These levels were mentioned in yesterday's post.
I won't be live streaming tonight, so just a reminder, for this 883 short position, the first take-profit point is still at 868, and then 863-860. If you want to maintain the structure, reduce positions to break even; if not, it's fine to exit.
The big pancake, this shape still has to go down. From last night until now, it has not been able to stand above 850 after the rebound. There's not much to say.
The first step is 820. After a smooth breakdown, tonight it will be the 80,000 defense battle.
If 80,000 holds, there might be a V-shaped reversal, and we can continue to wash the plates.
If 80,000 does not hold, breaking the previous low of 765 is not a difficult task.
For those who bought the dip at 765-800, it’s unlikely they will let you easily get on board. It will definitely wash down, or make you uncomfortable for a while.
Brothers, do you remember the dream order? Don't forget the key point! $BTC
The pancake has returned to test and hold at 806 today, the low point from last night at midnight, let's see if the upward trend continues, after all, the daily candlestick is a big bull there; if it doesn't continue to rise, that would be hard to justify, right?#加密市场反弹
#白宫首届加密货币峰会 Hello, friends, it's the weekend today, let’s make a summary!
Bitcoin has had a tumultuous week, on March 2nd, thanks to Trump's clear signals, it surged from 850 all the way to 950 without looking back, which seemed quite powerful, but in reality, there was no continuation afterward, instead, it dropped significantly back down to 812. This back-and-forth has indeed been hard to bear for us retail investors in the market.
You think this is the end? NONONO, at a critical moment, Trump stood up again and held a White House cryptocurrency summit, the first time in history. From 812, it surged back up to 927. This morning, after the summit ended, it dropped back down to 850.
Careful friends, have you noticed the problem? The price was pushed up from 850, and now it's still at 850, which means from March 2nd to March 8th, during this week, the price actually hasn’t changed. It’s just a return to where it started, right? Only the account balance has decreased.
Indeed, it’s a double-edged sword with Trump; he brought success and also downfall. On November 5th, during the election campaign, he promoted making America the capital of cryptocurrency. Don't say that during that time it surged up to 104,000 for Bitcoin. Can you believe it? Honestly, it was too exaggerated, but at the same time, it created a bunch of myths and made a group of people successful. However, since January 20th, when he moved into the White House, subtle changes have begun. The Grim Reaper's scythe has started to harvest; those who once profited are now starting to withdraw their investments and no longer believe in this old man with white hair.
Enough of the small talk, let’s get back to the main topic. From a daily chart perspective, Bitcoin has indeed entered an absolute bear market since 110,000. If you observe closely, every major drop or spike, the high points in the rebounds will likely be the peaks of some future cycle. Now, looking at this week’s position at 950, it is highly likely to be the peak position within this cycle in March.
Don’t argue, let the facts speak. This week, various positive news came out, favorable non-farm payroll data, and even moved the cryptocurrency conference to the White House. What was the result? You can’t even firmly hold 90,000. What are you even talking about? You expect 100,000 or 110,000? Have you drunk too much fake wine? So, don’t set your expectations so high; otherwise, it will only bring you more disappointment!
Before sleeping in the early morning, I analyzed that if 880 breaks, there is a risk of going down, and indeed it went down, regardless of whether it was due to a sell-off or some other reason.
Going down gives us the opportunity to pick up, 860-880, after reducing positions, we continue to look up to 90,000.
This big wave, let's eat a bit more, preparing to head to Hangzhou in 11, anyone going together? #加密市场回调
The big pancake has tested this position at 880 multiple times, increasing the risk of a breakout. After midnight, the probability of a breakout tomorrow morning is even higher, and we will look for a position to enter below!
During this time, Trump has been openly calling for actions, talking about cryptocurrency reserves, and making declarations for the election, aiming to create a cryptocurrency capital. Additionally, on March 8th, there will be another cryptocurrency summit.
Major media outlets are also promoting the cryptocurrency summit; this is the first time in history, opening a new era, a new chapter.
All of this series of events is very positive and can attract a large wave of retail investors to enter the market quickly. Isn't it too easy?
Consider two questions: First, if it really goes up, how much can it rise? A rise of 1000 points is still called a rise, and so is a rise of 2000 points. Where do you plan to sell?
Second, is it possible to buy on expectations and sell on facts, which is what we call 'pumping and dumping'? Similar to how on January 20th it entered the White House, it was pumped to 110,000 and then crashed down. I think this possibility is very high.
Third, considering the recent uncertainty regarding tariffs, I personally believe that there will still be a wave of decline in the future market. So even if the summit pushes it up, the maximum will only reach around 970-980 at most. With the current state of the US stock market, do you really think it can reach much higher? Stop dreaming; the market has already changed.
Enduring discomfort 😣 haven't eaten meat for a few days
封狼-实战为王
Mar 6
The shape of this hourly line is really beautiful, with small steps rising continuously.
Is it a strategy to raise prices for unloading before a drop, or is it a real strong bullish comeback? This is worth pondering.
If you misstep the rhythm, it becomes very difficult afterward. If you don't understand, it's better to hold back; the account keeps shrinking, and confidence is dwindling. The less confidence you have, the more you doubt everything, leading to a vicious cycle. In the end, recovery seems hopeless. #加密市场反弹
With the principle of having a beginning and an end, let’s talk about it
Last night in the live stream, I mentioned the 860 short position; today the highest was 865 and the lowest was 847. Those who participated should reduce their positions, bringing along a breakeven loss.
In addition, for those of you who are stuck in long positions, I also mentioned that when the price rebounds above 860, you should gradually reduce your long positions. When it goes down, buy to lower the average price, so that the long positions have a chance to be released.
For those stuck in short positions, if your position allows, appropriately add at the high points. Remember to reduce at the lower levels of 836, 822, and 810. When the price comes down to these positions, remember to reduce, and add again when it goes up. By pulling back and forth a few times, the average price will also come up. A pullback down can easily release your positions, and just holding on without action will always be passive.
Perhaps, the sealing wolf isn’t that technically skilled, but for your stuck positions, whether long or short, I will provide corresponding advice. I’m not afraid of your criticisms; it’s not a big deal. Not harvesting leeks, just based on this point, is enough for me. #比特币价格走势分析
In 2025, Trump is determined to become Emperor C, and the absurd drama in American politics is in full swing.
This February, Republican lawmakers across the United States have been offering 'auspicious signs' to Trump. Florida Republican Representative Anna Paulina Luna proposed adding Trump’s likeness to the Mount Rushmore statues, claiming his 'extraordinary achievements' deserve the 'highest recognition.' Trump has long coveted Mount Rushmore; in 2019, he sent a White House aide to inquire about the process of adding a statue there and has repeatedly expressed his desire to take its place.
In addition to Mount Rushmore, there are many other outrageous proposals. Some want to establish Trump’s birthday as a federal holiday, while others suggest naming the West Palm Beach International Airport in Florida after Trump, simply because Air Force One frequently took off and landed there during his presidency. There are even attempts to modify the constitutional amendment limiting presidents to three consecutive terms. Trump seems to be straying further down the path to emperorship, with his political influence continuing to ferment.