$SAGA profit! Just added short position at 1.42, and it immediately fell to 1.34! Don't worry, the next step is 0.34! A large amount will be unlocked soon, and a 10-fold plunge is just a conservative estimate!!! 0.05 is just around the corner!!!
Still referencing the market sentiment-driven ETH and its representative altcoin trends; The 4H wave has clearly peaked, and a new round of 4H wave correction is likely needed; The 1H needs to build a 1H top before turning bearish; The bottom range is a very important area for entry or adding positions, spot traders can hold, while contract traders should wait to re-enter.
$ETH Still looking at the market trend based on the trend of ETH, comparing the ETH 4H and 2H charts, the medium-term cycle callback trend remains unchanged; First, if the market maintains the 4H band bullish continuation, it may slightly set a new high, and then start a callback; Secondly, or if the market maintains the 2H band peak, it will slowly build up the 2H band decline process, and there will be a continuous 2H short-term downward trend; As for which possibility is larger, it is hard to say. The need for a band callback in the medium cycle is a relatively high probability event. After the callback appears patiently, it is preferred to pay attention to the rotation opportunities of the cottage sector, such as desic and meme opportunities, and then the callback is completed, pay attention to the contract increase opportunities;
$BTC BTC has finally welcomed the start of a bull market, and it's just the beginning. According to traditional views, there should be a year-long bull market; Then, looking at the 1H cycle chart, the market may pause slightly, but don't rush to short here. In a bull market, don't short easily, even though there might be significant pullbacks, there is also a high probability that it will just move sideways for a long time; Next, the market needs to unfold the 'first mid-cycle pullback after breaking the high', which is quite crucial. This could be the area for big money to increase their positions, so wait patiently for the pullback to occur.
$BTC Using the 4-hour chart of BTC and the 6-hour chart of ETH as references:
BTC overall maintains a high-level sideways movement. After a short-term pullback, if a reversal is successful, the upward trend will continue. We hope it can break through the historical high of 73880, thus starting a bull market.
ETH's trend is more representative of the overall altcoin market. From a technical perspective, its 6-hour short-term pullback has basically unfolded. If altcoins want to increase their positions, now is a good time. It is recommended to choose popular, liquid, and newly launched altcoins. For contracts, patience is needed to wait for the appearance of low-cycle bottom reversal signals.
In summary, during a bull market, the differentiation between BTC and ETH is normal, and there is no need for excessive concern. We look forward to ETH catching up with BTC's pace in the future.
$BTC Taking the 6-hour cycle chart of BTC as an example, the current trend has broken through the 6-hour band, which may indicate the start of the bull market.
The upward breakout of the 6-hour band is an extremely positive bullish signal. However, it is not suitable to chase highs at this moment.
The market may start a correction immediately, or after a slight new high. Only after the new 6-hour short-term correction ends, it is possible to hit the historical high of 73880. By then, the bull market will most likely really start.
$BTC Based on the comparison of BTC 6H and 2H cycles, the market will bottom out in the 6H cycle at the earliest, and it is possible that the correction process will eventually last for more than half a year; 6H short-term decline, whether large or small, BTC may not fall, and ETH or SOL may have a slightly larger correction, which is also within the normal range; 2H cycle measurement, that is, 2H band decline, as long as the complete N-shaped structure is unfolded and reversed in time, you can actively intervene;
$BTC $ETH Comparing the 6-hour and 1-hour cycle charts of ETH, the market differentiation has improved. The structure of BTC and ETH has returned to the 6-hour band structure and remains strong. The short-term pullback of the first band has once refreshed the high point;
The two-day short-term pullback previously expected has been difficult to achieve, and it has been replaced by a daily short-term pullback. This can be divided into two situations: large pullback and small pullback.
For BTC, the pullback in the future market may be relatively weak, maintaining high sideways fluctuations;
For ETH, there is still a small probability of a large pullback, which needs to be treated with caution.
In general, you should wait for the DIF white line in the MACD oscillator corresponding to the 6-hour to cross below the zero axis before considering bottom-fishing operations.
$BTC The new channel of the Fed's interest rate cut has been opened, and the BTC market has ushered in new dynamics! According to the 2H cycle chart, the market is digesting this news, and everyone should be careful of the callback. Last night, the short-term rise in 2H that we expected has unfolded as expected with the arrival of the interest rate cut. Now, the market may have a 6H band callback expectation, first of all, the decline of the 2H band. But don't worry, the real bargain hunting opportunity may be waiting for us later!
Referring to BTC's 4H and 1H cycle charts, the 4H band finally unfolded, although the process was tortuous; The Federal Reserve's interest rate meeting on September 18 is an important time node. The decline before the interest rate cut should not be too large. Any small correction at present is an opportunity to go long in the short term; The 4H short-term rise is continuing, and the 1H cycle shows a timely reversal after the short-term, and continues to be bullish; After more than half a year of correction, the bottom may have been completed. It will take some time for the bull market to start, but the bottom may have been built.