1. There is nothing much to say about the recent market. The current trend is still weak, and it is very weak. There should be another drop. I will continue to maintain a bearish stance, but I will not short. I plan to enter the market in batches to buy the bottom when the WIF price falls to around 1.3U, or wait for the market trend to stabilize before entering the market. $WIF
2. The rising trend of the bull market is always a step back. Don't be anxious, don't worry about missing out. The market is not short of opportunities.
3. The most important thing in trading is to control risks and protect the principal, and profit is second.
苏星辰
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Bearish
WIF Analysis on January 10, 2025
1. The current WIF price has fallen below the box structure and there is no sign of rebound. According to the plan, I have sold at a stop loss near $1.54, with a loss of about 11.5%.
2. The next plan is to continue to observe market trends. It is expected that the WIF price may further drop to around $1.36. Although I am bearish on the market, I will not short and wait for the opportunity to enter the market and go long. $WIF
1. The current WIF price has fallen below the box structure and there is no sign of rebound. According to the plan, I have sold at a stop loss near $1.54, with a loss of about 11.5%.
2. The next plan is to continue to observe market trends. It is expected that the WIF price may further drop to around $1.36. Although I am bearish on the market, I will not short and wait for the opportunity to enter the market and go long. $WIF
苏星辰
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WIF analysis on January 9, 2025
1. Although the current WIF price has fallen below the box, the extent of the fall is not large. I will continue to observe. I also bought 26,000 WIFs as planned, with an average price of US$1.74, and I am currently in a floating loss state.
2. In the next 18 hours, if the price cannot return to the box, I will stop loss and exit.
3. The space below is limited. Even if I stop loss and exit, I will not open a short order, but find another opportunity to open a long order. $WIF
1. Although the current WIF price has fallen below the box, the extent of the fall is not large. I will continue to observe. I also bought 26,000 WIFs as planned, with an average price of US$1.74, and I am currently in a floating loss state.
2. In the next 18 hours, if the price cannot return to the box, I will stop loss and exit.
3. The space below is limited. Even if I stop loss and exit, I will not open a short order, but find another opportunity to open a long order. $WIF
苏星辰
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Bullish
January 7, 2025 WIF Analysis
I. Let’s first discuss the current situation and future predictions:
1. WIF is currently fluctuating within the range of 1.72u-2.25u. I maintain my viewpoint from yesterday; following the previous surge and subsequent drop (from December 13 to December 20), it is evident that the market makers have pulled up the price and then exited. The current low-level fluctuations suggest that market makers are accumulating positions, and once the accumulation is sufficient, they will continue to push the price up.
2. Prediction One: The WIF price will begin to rise from any price position within the range, directly breaking through the range.
3. Prediction Two: The WIF price will continue to drop to the bottom of the range, confirm for the third time, and then start to rise.
4. Prediction Three: The WIF price will falsely break below 1.7u, initially causing panic selling and triggering a long squeeze, and then it will recover.
5. Prediction Four: The WIF price will genuinely break below 1.7u without any rebound; I believe the likelihood of this is very low.
II. Based on the four predictions above, I am considering taking long positions. The risk-reward ratio for the first prediction is not favorable, so based on the second and third predictions, I am considering entering long in batches between 1.7u-1.8u at the bottom of the range.
1. If the daily closing price is below 1.7u, I will stop loss.
2. Profit taking can be placed at the top of the range around 2.16u with staggered profit-taking.
I. Let’s first discuss the current situation and future predictions:
1. WIF is currently fluctuating within the range of 1.72u-2.25u. I maintain my viewpoint from yesterday; following the previous surge and subsequent drop (from December 13 to December 20), it is evident that the market makers have pulled up the price and then exited. The current low-level fluctuations suggest that market makers are accumulating positions, and once the accumulation is sufficient, they will continue to push the price up.
2. Prediction One: The WIF price will begin to rise from any price position within the range, directly breaking through the range.
3. Prediction Two: The WIF price will continue to drop to the bottom of the range, confirm for the third time, and then start to rise.
4. Prediction Three: The WIF price will falsely break below 1.7u, initially causing panic selling and triggering a long squeeze, and then it will recover.
5. Prediction Four: The WIF price will genuinely break below 1.7u without any rebound; I believe the likelihood of this is very low.
II. Based on the four predictions above, I am considering taking long positions. The risk-reward ratio for the first prediction is not favorable, so based on the second and third predictions, I am considering entering long in batches between 1.7u-1.8u at the bottom of the range.
1. If the daily closing price is below 1.7u, I will stop loss.
2. Profit taking can be placed at the top of the range around 2.16u with staggered profit-taking.
苏星辰
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Bullish
WIF Analysis
Currently, WIF is in a box oscillation. If it can break through and stabilize at 2.6 dollars, it will pull towards the 3 dollar area, which is a dense chip zone, in a short time.
However, if it falls below 1.7 dollars without a strong rebound, the price will drop to around 1.4, which is a strong support level. $WIF
Currently, WIF is in a box oscillation. If it can break through and stabilize at 2.6 dollars, it will pull towards the 3 dollar area, which is a dense chip zone, in a short time.
However, if it falls below 1.7 dollars without a strong rebound, the price will drop to around 1.4, which is a strong support level. $WIF
I like to use breakeven. If the order starts to make a profit, the first thing I have to do is to move the stop loss. I will never allow the order with a profit to be sold until it reaches a loss. However, many people will not do this because they are lucky. Remember, you can not make a profit, but you cannot sell the order with a profit until it reaches a loss. If you sell at breakeven, we will reduce one loss. Reducing one loss means that there is one more chance to make a profit order for every ten trades. The currency circle is always a high-risk market, so many people do not have awe. In this market, you can never hold a high position. You can succeed ten times, but you have to start all over again if you fail once. $BTC
I understand very well that most people are actually very anxious and worried. If they make one wrong step, they will make all the wrong steps. The so-called unity of knowledge and action, knowledge is the beginning of action, and action is the completion of knowledge. The principle is simple, but there is a big difference between knowing and doing. Why is trading so difficult? Because of your character. Unless you are perfect, you will keep making mistakes. I thought about it for a long time before I understood a truth. My opponent is not the market, but myself. Whether you can control yourself and control yourself is very important. If you can't control yourself, then you will be casual and willful, and then you are doomed to fail. No matter how many techniques you learn, it will be useless. Therefore, try to understand yourself, your character, your strengths, your weaknesses, think more about yourself and talk to yourself. Only when you really understand yourself and control yourself can you "do it." $BTC $ETH $SOL
Tonight, tomorrow night and the night after tomorrow, market prices will fluctuate greatly due to the influence of US economic data. Please be prepared.
There are still many novices in this market. I sincerely suggest that novices should not touch leverage or contracts. Just buy spot and hold it, and do not do swing trading. Sell at the end of the bull market. However, novices only know how to buy but not sell. They are afraid of selling too fast and too late. At this point, many people will ask, when is the end of the bull market? According to the previous market conditions, the state of the end of the bull market is the crazy bull market. Bitcoin soars 5-20% points every day. Even if it falls 10 points today, it will rise 12 points the next day. It breaks new highs every day. The weekly and monthly lines are all soaring, and then suddenly it stops moving sideways. The altcoins start to soar again, and the rise is more fierce than BTC. In this case, everyone can find an opportunity to run away. After the crazy bull market, it will plummet.
There are still many novices in this market. I sincerely suggest that novices should not touch leverage or contracts. Just buy spot and hold it, and do not do swing trading. Sell at the end of the bull market. However, novices only know how to buy but not sell. They are afraid of selling too fast and too late. At this point, many people will ask, when is the end of the bull market? According to the previous market conditions, the state of the end of the bull market is the crazy bull market. Bitcoin soars 5-20% points every day. Even if it falls 10 points today, it will rise 12 points the next day. It breaks new highs every day. The weekly and monthly lines are all soaring, and then suddenly it stops moving sideways. The altcoins start to soar again, and the rise is more fierce than BTC. In this case, everyone can find an opportunity to run away. After the crazy bull market, it will plummet.
Let me briefly talk about my current views and plans. 1. The market is currently in a correction phase after a surge. Bitcoin is expected to fall back to around 63,500, and Ethereum is expected to fall back to around 3,200. This is my prediction for the market. 2. The next plan is to buy back the previously liquidated coins in multiple batches after Bitcoin falls below 64,000, mainly PEPE, WIF, BOME, PEOPLE, all of which are in the MEME sector. I am more optimistic about this sector. 3. When Bitcoin reaches 63,500, I will try to enter the market to make long orders, trade on the right side, and not buy at the bottom. $BTC $ETH
You should be able to guess what happened later. I only knew how to buy and not sell. After June 2021, the market took a sharp turn, and my 65,000 became 12,000 again. Huobi's triple spot model will indeed not cause a margin call, but this model is no longer available. The profit is triple the profit, but the loss is also triple the loss. However, I still did not sell at this time. I held on firmly. Later, I remember that in October 2021, China introduced a policy to restrict domestic exchanges. Huobi automatically sold my Bitcoin, and then forced all Chinese users to withdraw cash before December 31, 2021, otherwise it would be confiscated. I had no choice but to withdraw the cash. As a result, Bitcoin went up again in November and December 21, but at this time I had been kicked off the bus.
苏星辰
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After seeing the invitation link of Brother Zhuan on the homepage, I registered and downloaded the APP. Brother Zhuan has been telling everyone on Weibo not to play contracts, just buy Bitcoin and Ethereum spot and hold them. He also took screenshots of some other people who lost money playing contracts and came to him to borrow money. This incident left a deep impression on me. I listened to Brother Zhuan and spent 15,000 to buy Bitcoin and Ethereum spot. Then after a while, I found that Huobi had a model, three times the spot, and there would be no liquidation. I didn’t understand it at the time, so I just bought it. Later in that bull market, my 15,000 became 65,000. What I thought at the time was that I would sell half of it when it reached 100,000. It was June of 21.
After seeing the invitation link of Brother Zhuan on the homepage, I registered and downloaded the APP. Brother Zhuan has been telling everyone on Weibo not to play contracts, just buy Bitcoin and Ethereum spot and hold them. He also took screenshots of some other people who lost money playing contracts and came to him to borrow money. This incident left a deep impression on me. I listened to Brother Zhuan and spent 15,000 to buy Bitcoin and Ethereum spot. Then after a while, I found that Huobi had a model, three times the spot, and there would be no liquidation. I didn’t understand it at the time, so I just bought it. Later in that bull market, my 15,000 became 65,000. What I thought at the time was that I would sell half of it when it reached 100,000. It was June of 21.
苏星辰
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I still remember the first time I came into contact with Bitcoin was at the beginning of 2021. Douyin broadcast new highs of Bitcoin every day, which made me itchy, but I didn’t know how to buy it, so I searched on Weibo and saw a big shot whose ID was Ryu. He had 100 bitcoins and settled in Japan. The invitation link of Huobi was pinned on the top of his homepage. He was a firm believer in Bitcoin and would not sell even in a bear market, but would hold on to it. I remember that his assets were 50 million during the bull market in 2021, and his goal was 100 million. He said that when his assets reached 100 million, he would sell all the bitcoins and quit the circle. Later, his Weibo was blocked, and I never saw his updates again.