I have reminded Gan Kong many times that the space of Da Bing Kong 2000 is precisely controlled. Have you got on board? $BTC $ETH #美联储利率决策即将公布 #币安用户数突破2亿
12.17 BTC, ETH Evening Analysis: Market Rising with Low Volume, Downward Channel Gradually Opening
This week, Bitcoin has been in a state of rising with low volume, clearly starting to lose momentum, and tomorrow evening is the most critical interest rate meeting. There is a possibility of a deep adjustment before this; if you are going long, it is better to take profits to avoid being caught in a position! Only by waiting for the interest rate cut to take effect can Bitcoin continue its bull market mode. Pay close attention to the Bank of Japan's target interest rate on the 19th. The last time the Bank of Japan raised interest rates, Bitcoin dropped over ten thousand points within a week around March 19 and July 31. Therefore, special periods require special treatment; do not just blindly go long or short, but find the right key positions to lay out your strategy.
From the 4-hour chart of BTC: The trend chart shows a narrowing triangular upward channel. It has repeatedly encountered resistance at the upper trend line, and then it has retraced after touching it, forming a long upper shadow candle downwards. Therefore, the main strategy is to short unless it can stabilize above the trend line level of 107550 for the third time during the day, then it will continue the upward mode. The lower part of the trend chart also indicates that once it touches the support below the trend chart, it will rebound upwards and return to within the trend chart. Combined with technical indicators crossing downwards strongly bearish, especially the KDJ dead cross downwards, the bulls turn into bears. Therefore, tonight the main strategy is to short, and after tomorrow evening's interest rate cut takes effect, we will see if there is any change in the trend.
BTC Evening Strategy: Short at 107500-108000, target around 105000!
ETH Evening Strategy: Short at 3975-3990, target around 3880! #BTC再创新高 #比特币冲向11万?
12.13 BTC, ETH Evening Analysis: Periodic Adjustment Ends, Focus on Short Positions
Since the 5th, the market has gone through two stages of deep washing, and a third larger-level periodic pullback before the interest rate meeting cannot be ruled out, so caution is advised! Although the CPI data on Wednesday was favorable and indirectly drove the market up, as long as the interest rate cut on the 18th has not materialized, the market will still undergo a large periodic fluctuation adjustment, so we can just follow the periodic trading. On the 11th, ETH was in an upward phase; as long as you followed the posts and took long positions, the returns were quite considerable. The daily support was also at 3505, and it rebounded without breaking through; if it breaks through, we can only operate according to the trend.
From the 4-hour chart of BTC: Looking at the overall direction, two downward spikes have already broken the trend line, so it is no longer meaningful to look at the trend line. As long as it does wide fluctuations, we can predict the key resistance based on technical indicators. Currently, the technical indicators OBV and KDJ are all turning down strongly bearish, especially after last night’s 4-hour divergence closed with a downward candle, the market has remained in a state of stagnation throughout the day. Reviewing the resistance formed around 98300 multiple times since the 21st of last month, as long as it hits the upper resistance line, it will rebound downwards. Currently, the Fibonacci support level is exactly at 98401, overlapping with the previous resistance line, so this position is strong support. If it breaks through, we will look at the 97400 waist line, so we can directly short above 98300.
BTC Evening Strategy: Short at 100500-101000, target near 98300!
ETH Evening Strategy: Short at 3935-3955, target near 3850!
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Bullish
12.11 BTC, ETH Evening Analysis: Where to Look for the Rebound?
In the first phase of the decline, Bitcoin and Ethereum have bottomed out. In yesterday's post, a short position was opened at 95000, and friends who opened short near the resistance above have at least gained 3000 points. Interested friends can check it out. Next, the market will experience a rebound, and the technical indicators for the day are all bullish. The previous trend chart has already broken through, and we are looking at the key resistance level around 3840 for the rebound. This position is an important resistance line on the weekly chart. Once it breaks above, the market will continue its bullish trend, so pay close attention!
From the 4-hour chart of ETH: Before the new trend chart forms, we should open positions based on support and resistance. Looking at the chart, it is clear that the resistance line and trend line intersect at 3835, which coincides with the Fibonacci three-line crossover point. The previous two times of rise or fall have formed effective breaks and stabilized here. As long as it breaks upward, we are bullish; downward, we are bearish. The lowest support level downwards is at 3550, and it has rebounded after being tested twice in the last two days. 3550 is the watershed position for the market, which may break down to reach the daily life line at 3380, or it may rebound upwards to continue testing resistance, generally not exceeding five rebounds.
ETH Evening Strategy: Go long at 3655-3670, target at 3760! (Look for a break at 3835) #美联储12月降息预期上升 #市场调整后的方向
12.11 BTC, ETH Evening Analysis: Where to Look for the Rebound?
In the first phase of the decline, Bitcoin and Ethereum have bottomed out. In yesterday's post, a short position was opened at 95000, and friends who opened short near the resistance above have at least gained 3000 points. Interested friends can check it out. Next, the market will experience a rebound, and the technical indicators for the day are all bullish. The previous trend chart has already broken through, and we are looking at the key resistance level around 3840 for the rebound. This position is an important resistance line on the weekly chart. Once it breaks above, the market will continue its bullish trend, so pay close attention!
From the 4-hour chart of ETH: Before the new trend chart forms, we should open positions based on support and resistance. Looking at the chart, it is clear that the resistance line and trend line intersect at 3835, which coincides with the Fibonacci three-line crossover point. The previous two times of rise or fall have formed effective breaks and stabilized here. As long as it breaks upward, we are bullish; downward, we are bearish. The lowest support level downwards is at 3550, and it has rebounded after being tested twice in the last two days. 3550 is the watershed position for the market, which may break down to reach the daily life line at 3380, or it may rebound upwards to continue testing resistance, generally not exceeding five rebounds.
ETH Evening Strategy: Go long at 3655-3670, target at 3760! (Look for a break at 3835) #美联储12月降息预期上升 #市场调整后的方向
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Bearish
12.10 BTC, ETH Evening Analysis: Bulls Remain Weak, Focus on Rebound Short Positions
Ethereum had two significant downward spikes at 5:00 AM, and this deep pullback has caused bulls to suffer greatly, as the channel trend indicates that Ethereum should rise. This round of shakeout is also aimed at accumulating chips for the main player. We warned on the 6th to be cautious as the market continues to behave unpredictably. Last night's market trend aligned with expectations, and the post also emphasized that Ethereum will continue to pull back. The strategy is to focus on shorting at high points, so as long as one follows the direction to open short positions, it is generally possible to capture the last wave of pullback space. Currently, the market has broken below the trend chart and is heading down, first pulling back and then rebounding above the trend line before dropping again. The larger trend remains bearish.
From the 4-hour chart of BTC: After two downward spikes at 100,000, a double top has formed, and it is currently experiencing wide fluctuations within the range. The highest point of the trend line within the channel is around 98,500, which is the best position to short, as after multiple breakouts, the downward spikes have not stabilized. As long as this position does not stabilize, there is still at least a 2,000-point downward pullback potential. However, if it breaks below the red circle position on the trend line, we will directly look at 91,760. Therefore, the trend chart clearly indicates where the key positions are and how to operate.
BTC Evening Strategy: Short at 98,500-99,000, target around 95,000!
12.10 BTC, ETH Evening Analysis: Bulls Remain Weak, Focus on Rebound Short Positions
Ethereum had two significant downward spikes at 5:00 AM, and this deep pullback has caused bulls to suffer greatly, as the channel trend indicates that Ethereum should rise. This round of shakeout is also aimed at accumulating chips for the main player. We warned on the 6th to be cautious as the market continues to behave unpredictably. Last night's market trend aligned with expectations, and the post also emphasized that Ethereum will continue to pull back. The strategy is to focus on shorting at high points, so as long as one follows the direction to open short positions, it is generally possible to capture the last wave of pullback space. Currently, the market has broken below the trend chart and is heading down, first pulling back and then rebounding above the trend line before dropping again. The larger trend remains bearish.
From the 4-hour chart of BTC: After two downward spikes at 100,000, a double top has formed, and it is currently experiencing wide fluctuations within the range. The highest point of the trend line within the channel is around 98,500, which is the best position to short, as after multiple breakouts, the downward spikes have not stabilized. As long as this position does not stabilize, there is still at least a 2,000-point downward pullback potential. However, if it breaks below the red circle position on the trend line, we will directly look at 91,760. Therefore, the trend chart clearly indicates where the key positions are and how to operate.
BTC Evening Strategy: Short at 98,500-99,000, target around 95,000!
12.9 BTC, ETH Evening Analysis: Key Support Has Been Broken, Bears Start to Gain Strength
After two days of consolidation, Ethereum has broken below the support at 3930. Last week's post indicated that 4100 would be under pressure from weekly and monthly indicators, and the likelihood of breaking upwards is low, at least in the short term, because this is a strong resistance area from March and May, as well as the highest point of the upper trend line. As long as you follow the main direction of the post to short, you can reach the target exit. So it is very accurate. Currently, Ethereum's pullback is certainly not over, so it is advisable to focus on shorting at high points. If you decide to go long, it’s best to take profits quickly and wait for the pullback to end before entering again.
From the 4-hour chart of ETH: Ethereum is moving in a wide oscillation of a triangular trend. Before the trend breaks out, the layout should follow the triangular trend. If the market rebounds, first check if the Fibonacci resistance at 3908 can be broken. Once broken, look to short at the highest point of the triangular trend at 3980. This area is also under pressure from the monthly line and is an important resistance level. If it goes down, look at the lowest point of the trend chart at 3780, which is currently the best position for going long. Combining technical indicators, everything looks strongly bearish, so for Ethereum, short at high points and target 3780.
ETH Evening Strategy: Short at 3905-3915, aiming for around 3780!
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Bearish
12.6 BTC, ETH intraday analysis: Non-agricultural data is coming, beware of the market continuing to make trouble
Yesterday, it was clearly pointed out that MACD should pay attention to the closing line at 12:00 am. If it does not forcefully break through the monthly resistance, it will form a top back downward correction. The 4-hour chart clearly marks it for everyone. Every divergence of key indicators and trend charts will affect the market trend. This method has been tried and tested, so you must learn to understand the chart and then understand the order. If the trend chart does not change, just follow the trend chart. The post is time-sensitive, so pay attention to it in time! The news tonight focuses on the last non-agricultural data in 24 years. If it is higher than expected, it is good news, otherwise it is bad news. The market will fluctuate violently before and after the data fluctuations. Keep your hands and find the key points to start!
From the 4-hour chart of ETH: after some indicators of the yellow line diverge, the shorts are gradually released. It is very clear from the trend chart that ETH will fall back almost as soon as it touches the upper trend line, and rebound upward after inserting the support of the lower trend line at 6:00 am. It is currently suppressed by the trend line. The upper highest point pressure is near 3935, which is also the best position for shorting. However, once it breaks through 3960 and stands firm at 4100, it will be strongly bullish. Because it is suppressed by the indicators of the weekly and monthly lines, the probability of an upward breakthrough this week is not high. Other technical indicators are directly bearish. Unless there are special divergence indicators or news, the intraday high-altitude is the main focus.
ETH intraday strategy: 3935-3950 short, target around 3840!
BTC intraday strategy: 98900-99300 short, target around 95000! #比特币回升至97K #山寨币市场观察
12.6 BTC, ETH intraday analysis: Non-agricultural data is coming, beware of the market continuing to make trouble
Yesterday, it was clearly pointed out that MACD should pay attention to the closing line at 12:00 am. If it does not forcefully break through the monthly resistance, it will form a top back downward correction. The 4-hour chart clearly marks it for everyone. Every divergence of key indicators and trend charts will affect the market trend. This method has been tried and tested, so you must learn to understand the chart and then understand the order. If the trend chart does not change, just follow the trend chart. The post is time-sensitive, so pay attention to it in time! The news tonight focuses on the last non-agricultural data in 24 years. If it is higher than expected, it is good news, otherwise it is bad news. The market will fluctuate violently before and after the data fluctuations. Keep your hands and find the key points to start!
From the 4-hour chart of ETH: after some indicators of the yellow line diverge, the shorts are gradually released. It is very clear from the trend chart that ETH will fall back almost as soon as it touches the upper trend line, and rebound upward after inserting the support of the lower trend line at 6:00 am. It is currently suppressed by the trend line. The upper highest point pressure is near 3935, which is also the best position for shorting. However, once it breaks through 3960 and stands firm at 4100, it will be strongly bullish. Because it is suppressed by the indicators of the weekly and monthly lines, the probability of an upward breakthrough this week is not high. Other technical indicators are directly bearish. Unless there are special divergence indicators or news, the intraday high-altitude is the main focus.
ETH intraday strategy: 3935-3950 short, target around 3840!
BTC intraday strategy: 98900-99300 short, target around 95000! #比特币回升至97K #山寨币市场观察
12.5 BTC, ETH evening analysis: accurate grasp, early layout of mid-term long
The post on the 29th suggested that Auntie was bullish. Once the monthly resistance of 3830 is successfully broken, there is a lot of room. What do you think? A very perfect mid-term layout. The benefits of following my posts are good! There is no trend to refer to after the historical high above the big cake, so short-term orders are Auntie. The news focuses on the Federal Reserve’s interest rate decision on the 19th of this month. Another interest rate cut will trigger the market to move towards 110,000
From the 4-hour chart of ETH: indicators 1-3 diverge, callback to around 3500, and then hit the bottom and rebounded and encountered resistance at 3950. As long as this position is not broken, the bottom will probably callback to around 3855. The breakthrough here depends on the lowest point of 3725, which is the key support level of Fibonacci. Once the upper resistance is broken upward, it will directly look at the highest point of 4100. This position is near the high point in March and May this year, so it depends on which stage the market is in and find the key points to layout. In addition, pay attention to the closing line of MACD at 12:00 am. As long as the price does not break 4100, a top divergence will be formed, and the market will most likely pull back. So don't be carried away by the bull market, hold on to your chips, and find the right time to enter the market!
ETH evening strategy: 3840-3860 long, target around 3950!
11.29 BTC, ETH Evening Analysis: Breakthrough at the End of the Month is Approaching, Bullish Trend
U.S. stocks have always had a significant impact on the fluctuations of the cryptocurrency market. Since the U.S. stock market was closed last night, the market has shown overall weak fluctuations in the past two days. The post on the 28th was bullish, but the market did not provide an entry opportunity. The general direction remains bullish, as long as the overall direction aligns, we will continue to follow the trend line for low entries. There are still two days to close the monthly line. The risk of Bitcoin's spike is much higher than that of Ethereum. The resistance above Ethereum on the monthly line is at 3830, leaving considerable room for movement. Therefore, focus on Ethereum!
From the 4-hour chart of ETH: The triangular trend has already broken through, so we will continue to lay out support below this triangular trend. There are two resistance levels on the 4-hour chart, 3660 and the monthly line resistance at 3830. As long as the first resistance above does not break, it will continue to operate within the range of 3540-3660, maintaining a bullish bias. If it breaks, we will look at the monthly high. For pullbacks, we can consider setting up a medium-term position, with the trend line support at 3598 being the first level to watch; if it does not break, we can go long. If it breaks, we can look at the second support level at 3540 to set up long positions. Currently, all technical indicators and auxiliary indicators on the 4-hour chart are turning upwards, strongly bullish. So, let's buy on dips tonight!
BTC Evening Strategy: Long from 96700-97200, target around 99200!
ETH Evening Strategy: Long from 3590-3605, target around 3660!
11.29 BTC, ETH Evening Analysis: Breakthrough at the End of the Month is Approaching, Bullish Trend
U.S. stocks have always had a significant impact on the fluctuations of the cryptocurrency market. Since the U.S. stock market was closed last night, the market has shown overall weak fluctuations in the past two days. The post on the 28th was bullish, but the market did not provide an entry opportunity. The general direction remains bullish, as long as the overall direction aligns, we will continue to follow the trend line for low entries. There are still two days to close the monthly line. The risk of Bitcoin's spike is much higher than that of Ethereum. The resistance above Ethereum on the monthly line is at 3830, leaving considerable room for movement. Therefore, focus on Ethereum!
From the 4-hour chart of ETH: The triangular trend has already broken through, so we will continue to lay out support below this triangular trend. There are two resistance levels on the 4-hour chart, 3660 and the monthly line resistance at 3830. As long as the first resistance above does not break, it will continue to operate within the range of 3540-3660, maintaining a bullish bias. If it breaks, we will look at the monthly high. For pullbacks, we can consider setting up a medium-term position, with the trend line support at 3598 being the first level to watch; if it does not break, we can go long. If it breaks, we can look at the second support level at 3540 to set up long positions. Currently, all technical indicators and auxiliary indicators on the 4-hour chart are turning upwards, strongly bullish. So, let's buy on dips tonight!
BTC Evening Strategy: Long from 96700-97200, target around 99200!
ETH Evening Strategy: Long from 3590-3605, target around 3660!
11.27 BTC, ETH Evening Analysis: Difficult to Break Through the Daily Level of Fluctuation Adjustment
First of all, regarding the post, those who followed last night directly made profits, right? So it was a very clear hint that the market would go into the third segment of decline, with at least a 3000-point difference. Early this morning, Bitcoin spiked to 90800 and started to rise, which I guess many people might be confused about, whether it is going to drop or rise? Here, we need to combine the daily line to judge the general direction for this week, because the 4-hour double top structure chart does not provide a reference for large-scale adjustments, while the daily trend line and technical indicators are greatly fluctuating up and down, so this belongs to a relatively rare wide fluctuation at the daily level, usually taking one to two weeks for the cycle, and as long as the direction is correct with wide adjustments, any entry point can secure profits.
From the 4-hour chart of BTC: The two key resistance levels of 92500 and 95200 mentioned yesterday were broken after the close at midnight. The highest point on the new trend line of 93700 has already broken through and stabilized. If the support converts, this is the best entry point for going long. As mentioned earlier, the overall direction is a wide fluctuation on the daily line. Once the general direction is set, the lowest point of the pullback after the first segment of the rise will be around 93300, which is also the key support line of Fibonacci, making it very suitable to go long near the highest point of the trend line. Since the 4-hour chart is in a double top structure, we only need to watch the right shoulder position of the double top for going long. As for the attached indicators, apart from waiting for the OBV at 4:00 AM to see if it crosses bullish, if it crosses, then it's bullish; otherwise, it's bearish, while all other indicators are turning sharply upward, indicating strong bullishness.
BTC Evening Strategy: Go long at 93700-94200, with a target near 98200!
ETH Evening Strategy: Go long at 3505-3515, with a target near 3615!
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Bearish
11.26 BTC, ETH Evening Strategy: Double Top Breakthrough Imminent, Early Ambush in the Market
During the day, Bitcoin has tested the lower resistance of 92500 multiple times. It was clearly stated in previous posts that this is a key point for the shift from long to short. Based on the pin drop point, the market may break through at any time. If there is a rebound in the US market, there will be a third segment of downward movement. If the pin drops to 90,000, it will form a double top downward trend. However, there won't be a significant breakthrough in the short term; it will definitely retest this key position to start building a base. The bottom of the double top around 89800 is the last line of defense for the long-short game. This position will be an excellent point for laying out spot trades, so pay attention!
From the 4-hour chart of BTC: a new trend and a downward trend line are forming. Tonight, pay close attention to the divergence in the MACD indicator. If the closing line at 12:00 AM shows consecutive bearish bars upward, the market will build a base and rebound. Using divergence structure and trend lines for prediction can be very accurate, especially since the post on the 22nd mentioned focusing on the daily level's top divergence. Therefore, Bitcoin began to adjust downward as expected on Saturday. Discussion is welcome! Currently, the attached indicator OBV is crossing down strongly bearish, and the overall trend is also downward. So if going short, the key position below is 92500, and if it breaks, watch the lowest point of the double top bottom at 90500. Combining with Fibonacci, the resistance after the rebound is at 95200, indicating that this is the best position for shorting. Therefore, the operation focuses on high shorts!
BTC Evening Strategy: Short at 94800-95300, targeting around 92500!
ETH Evening Strategy: Short at 3380-3395, targeting around 3310! #比特币关键区间 #PCE与美联储纪要公布在即
11.26 BTC, ETH Evening Strategy: Double Top Breakthrough Imminent, Early Ambush in the Market
During the day, Bitcoin has tested the lower resistance of 92500 multiple times. It was clearly stated in previous posts that this is a key point for the shift from long to short. Based on the pin drop point, the market may break through at any time. If there is a rebound in the US market, there will be a third segment of downward movement. If the pin drops to 90,000, it will form a double top downward trend. However, there won't be a significant breakthrough in the short term; it will definitely retest this key position to start building a base. The bottom of the double top around 89800 is the last line of defense for the long-short game. This position will be an excellent point for laying out spot trades, so pay attention!
From the 4-hour chart of BTC: a new trend and a downward trend line are forming. Tonight, pay close attention to the divergence in the MACD indicator. If the closing line at 12:00 AM shows consecutive bearish bars upward, the market will build a base and rebound. Using divergence structure and trend lines for prediction can be very accurate, especially since the post on the 22nd mentioned focusing on the daily level's top divergence. Therefore, Bitcoin began to adjust downward as expected on Saturday. Discussion is welcome! Currently, the attached indicator OBV is crossing down strongly bearish, and the overall trend is also downward. So if going short, the key position below is 92500, and if it breaks, watch the lowest point of the double top bottom at 90500. Combining with Fibonacci, the resistance after the rebound is at 95200, indicating that this is the best position for shorting. Therefore, the operation focuses on high shorts!
BTC Evening Strategy: Short at 94800-95300, targeting around 92500!
11.25 BTC, ETH Evening Analysis: Following After Pullback Resistance
Multiple reminders that the large pancake of 100,000 needs caution to take profit, as the daily chart shows a clear bearish divergence, once the market turns bearish it will directly blow up the bulls, how about that? The predictions were very accurate, post is below. Last Friday, the main direction for the large pancake was to go short, and the downward target of around 95,700 was also very precise, this operation basically continued over the weekend, and it was uniformly reminded that this is a key position for going long at the resistance above the trend line. If the upper high point of 98,800 does not break pressure, it means that a new bullish trend has not yet formed, and we need to be wary of the market turning bearish. This week, we will temporarily operate further within the range of fluctuations, just follow the low absorption!
From the 4-hour chart of BTC: This wave of decline is just within the trend line, and the lowest point of the trend line is at 92,500, which is a key point for turning from bullish to bearish. If it does not break, it is still within the range for going long after the pullback, as the downward trend line has not yet formed. From the chart below, we can see that the lowest point of the trend line coincides with the resistance line around 95,000, while the trend line resistance above is at 98,800. Therefore, go long near the lowest point of the trend line, and if it breaks down, watch the daily chart's support at the lowest point of 92,500. So, before a new trend is formed, just follow the trend line to operate.
BTC Evening Strategy: Go long at 95,000-95,500, target around 98,800!
ETH Evening Strategy: Go long at 3,405-3,420, target around 3,500!
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Bearish
11.22 BTC, ETH evening analysis: Risk aversion surges, find the key position to start
In the past two days, the price of Bitcoin has been continuously moving upward, and the overall trend is consistent with the view of the post that it has reached a new high. However, after multiple new high adjustments, the bulls are relatively strong, resulting in a very small pullback, which did not hit below the trend line. In particular, the escalation of the Russian-Ukrainian war has led to a surge in risk aversion in the crypto market, approaching the 100,000 mark. When the market is bullish, you must remain in awe. If you go long, you can stop when you see a good opportunity to avoid being trapped at a high level. Focus on the large-scale top divergence of the daily line to prevent a change in the market. If the trend chart has not changed, follow the trend chart first. Once it retreats and falls below 95,000, it will be a big drop.
From the 4-hour chart of BTC: After five or six days of consolidation, the big cake broke through the upper trend line upward. It is very clear that the trend line and the daily chart have diverged. At present, the risk of going long is relatively high. It is more appropriate to wait for the retracement of the upper trend line and the lowest trend line to open a long position. Since the attached indicator is currently turning downward, the trend indicator diverges. First, the high-altitude is the main focus. Once the lower trend line cannot be broken, it will inevitably rise. The two key support points below are currently at 95,700 and 92,500. Going long is also to wait for the retracement trend chart to go long, just take a good defensive position!
BTC evening strategy: short at 98200-98700, target around 95700!
ETH evening strategy: short at 3315-3335, target around 3180! #比特币突破10万? #ETH市场新动向
11.22 BTC, ETH evening analysis: Risk aversion surges, find the key position to start
In the past two days, the price of Bitcoin has been continuously moving upward, and the overall trend is consistent with the view of the post that it has reached a new high. However, after multiple new high adjustments, the bulls are relatively strong, resulting in a very small pullback, which did not hit below the trend line. In particular, the escalation of the Russian-Ukrainian war has led to a surge in risk aversion in the crypto market, approaching the 100,000 mark. When the market is bullish, you must remain in awe. If you go long, you can stop when you see a good opportunity to avoid being trapped at a high level. Focus on the large-scale top divergence of the daily line to prevent a change in the market. If the trend chart has not changed, follow the trend chart first. Once it retreats and falls below 95,000, it will be a big drop.
From the 4-hour chart of BTC: After five or six days of consolidation, the big cake broke through the upper trend line upward. It is very clear that the trend line and the daily chart have diverged. At present, the risk of going long is relatively high. It is more appropriate to wait for the retracement of the upper trend line and the lowest trend line to open a long position. Since the attached indicator is currently turning downward, the trend indicator diverges. First, the high-altitude is the main focus. Once the lower trend line cannot be broken, it will inevitably rise. The two key support points below are currently at 95,700 and 92,500. Going long is also to wait for the retracement trend chart to go long, just take a good defensive position!
BTC evening strategy: short at 98200-98700, target around 95700!
11.20 BTC, ETH Intraday Analysis: Pay Attention to Major Direction Adjustments After New Highs
Is there another new high after the last one? This is a question many friends are concerned about recently. My view is that there will be new highs, but the upward spike space will not be too large. The new high that appeared last night was just an inertia surge, and it is highly likely to be a trap for bulls. There will not be a significant upward movement before December. Once it breaks downward, there will be a substantial drop. As altcoins also enter adjustments ahead of time, friends who are long can take profits and wait for the second opportunity to re-enter!
From the 4-hour chart of BTC: Last night, Bitcoin broke through the wedge triangle. After the new high, it only spiked up 600 points. The absence of significant upward movement indicates that buying power is still relatively weak. The previous triangle resistance just happened to turn into support at 91800. It has bounced back twice near the support level during the day, but currently, the rebound strength is not strong. When looking at the trend line, it is clear that the highest point formed by the upper trend line is at 94200. Therefore, if it spikes upward, a short position can be taken at the highest point of the trend line. If it breaks below the support conversion point, we look at the support level of the lowest trend line at 90400. If both key supports break consecutively, there will be a significant downward adjustment tonight.
BTC Intraday Strategy: Short at 94200-94600, targeting around 91800!
ETH Intraday Strategy: Short at 3195-3210, targeting around 3080!
11.18 BTC, ETH Evening Analysis: Trends Becoming Clearer, Focus on Short Positions
The recent market trend for Bitcoin has mainly been focused on short positions, and the overall direction has been very precise. The post already mentioned last night that the upper resistance is around 91800. Currently, it seems that the false breakout at 15:00 this afternoon has not stabilized, and the large bearish candle at 19:00 on the hourly chart clearly indicates a bearish trend, which aligns with the recent bearish perspective. On the daily chart, the overall direction continues to show lower highs, strongly bearish. If tonight's daily candle closes as a large bearish candle and breaks below the key support level of 87450, then we can expect a strong bearish trend and a significant drop, so let's wait and see!
From the 4-hour chart of BTC: After the close at 8:00 this morning, an upward trend line was formed. As mentioned yesterday, the market is within a triangular range. Currently, Bitcoin is above the 4-hour trend line, but the overall direction is below the daily trend line. During the day, it just touched the highest point of the daily trend chart before retracing downward. All other technical indicators are showing a bearish outlook, so shorting during a rebound is advisable. The shorting position will rely on the new technical indicator MA moving averages, as they are notably concentrated around the level of 90800, which is the most suitable point for shorting. The downward target is the level above the trend line at 89200. If this level is broken, we will look at the lowest point of 87450, as this position is a significant support on the daily chart that has not been broken for five consecutive days. As long as the overall direction breaks downwards, we can expect a strong bearish drop tonight.
BTC Evening Strategy: Short from 90800-901300, targeting around 89200!
11.17 Weekend BTC and ETH market summary: Next week's market will open a breakthrough
Post No. 14 repeatedly pointed out the risk of decline. At present, the overall trend is in line with expectations, and the pullback is stronger than the rebound. The trend over the past two days of the weekend is basically a wide range of fluctuations. At present, the resistance above 91800 is very strong. It has been stuck downward for three consecutive days and failed to stand firm. Therefore, it is difficult to break through the new high again in the short term. Next week, focus on the lifeline position 87450 below the triangle trend. If it breaks downward, the general direction will turn to short. Wait!
From the 4-hour chart of BTC: the first stage of the callback of the big cake has been completed, and the second stage will be formed tonight. The general direction is still rebounding and shorting. The technical indicators are currently oscillating around the middle rail support. MACD short energy is bearish with a large volume. The other indicators KDJ and OBV have crossed downward. If the closing line crosses downward at 12:00, it will be strongly bearish. The resistance below is very obvious when combined with the trend chart. At the low point of the trend line at 89530, the breakthrough depends on the 4-hour support of 87450, because this is the resistance level that has not been effectively broken through after multiple tests, and the trend chart shows a triangular contraction. Then the oscillation range will only become narrower and narrower, and finally choose a directional breakthrough. From the technical indicators, all are strongly bearish downward, so the operation is mainly high-altitude.
BTC weekend strategy: 90800-91300 short, target around 89530!
11.15 BTC, ETH evening analysis: Breakthrough is imminent, this kind of market is often the most tempting
Big cake continues to test the resistance below 87450 during the day, but it still has not formed an effective breakthrough. It is currently fluctuating widely and it is only a matter of time before it falls below the low point. Pay close attention! Last night's post is still mainly high-altitude, especially big cake. The rebound point is very accurate. After reaching the range, it falls like a waterfall, and the overall space is nearly 3,000 points. As long as you follow the general direction to open a short, no matter what point you enter, you can take a wave of trending market, so what are you waiting for? Because big cake fluctuates greatly, we will focus on the trend of big cake tonight
BTC from the 4-hour chart: Let's talk about the general direction first. There will be a large downward adjustment before the end of November. According to Fibonacci's speculation, the adjustment position will most likely reach 80115 to stop the decline and consolidate. After the market bottoms out, it will continue to push up and move the three waves of the monthly line. Combined with technical indicators, all turned downward and strongly bearish, and the bullish volume is weakening, because the trend chart has formed an inverted wedge triangle, which is a very obvious downward trend. As long as it touches the highest point, it will go down, and the resistance below the triangle will be repeatedly tested at 87450. The key point is that if it successfully breaks through tonight, it will fall sharply. If it does not break through, it will continue to fluctuate over the weekend, so it is more appropriate to open a short position at a high level. On the news side, the hawkish remarks of the Fed Chairman who is not in a hurry to cut interest rates have also cast a shadow on the market. Tonight, the general direction is to rebound and go high.
BTC evening strategy: 90300-90800 short, target around 87450!
11.4 BTC, ETH evening analysis: Multiple tests of the resistance line during the day, further correction will be made if the price breaks through
The third wave of corrections of Ethereum during the day forms a trend, and the market is expected to fall further. Focus on the position of 3146 of Ethereum. Once it breaks through and stands firm, it will directly pull back to below 3000. Why use a pullback? Because the strength of the pullback is limited and cannot affect the big upward trend, friends who operate in the short term can just focus on the small-level trend! At present, Ethereum belongs to a structure of oscillating downward. The three attempts at the trend line above have not broken through. Obviously, the selling pressure above is very large. Then follow the trend to trade rebound and short
ETH from the 1-hour chart: a very classic head and shoulders top pattern, which usually appears at the top. It is clear from the resistance range that 3135-3146 is the position of the 4-hour lifeline. As long as the big Yinxian does not stand firm downward, there will still be a rebound. If it breaks through, it will be strongly bearish. Combined with technical indicators, the MA5, 10, and 30-day moving averages cross the highest point of the trend line to form a pressure level of 3204, but Ethereum has fallen below the neckline, so it is best to open a short position based on the 4-hour lifeline position. In addition, all the attached indicators are bearish, especially the OBV opening is very large and the yellow line is continuously stepped back downward, which is strongly bearish. Then follow the trend and focus on high-altitude
BTC evening strategy: 89380-89880 short, target around 86500!
ETH evening strategy: 3135-3150 short, target around 2900! #美国初请失业金人数创2024年新低 #美国CPI公布后降息预期上升
11.4 BTC, ETH evening analysis: Multiple tests of the resistance line during the day, further correction will be made if the price breaks through
The third wave of corrections of Ethereum during the day forms a trend, and the market is expected to fall further. Focus on the position of 3146 of Ethereum. Once it breaks through and stands firm, it will directly pull back to below 3000. Why use a pullback? Because the strength of the pullback is limited and cannot affect the big upward trend, friends who operate in the short term can just focus on the small-level trend! At present, Ethereum belongs to a structure of oscillating downward. The three attempts at the trend line above have not broken through. Obviously, the selling pressure above is very large. Then follow the trend to trade rebound and short
ETH from the 1-hour chart: a very classic head and shoulders top pattern, which usually appears at the top. It is clear from the resistance range that 3135-3146 is the position of the 4-hour lifeline. As long as the big Yinxian does not stand firm downward, there will still be a rebound. If it breaks through, it will be strongly bearish. Combined with technical indicators, the MA5, 10, and 30-day moving averages cross the highest point of the trend line to form a pressure level of 3204, but Ethereum has fallen below the neckline, so it is best to open a short position based on the 4-hour lifeline position. In addition, all the attached indicators are bearish, especially the OBV opening is very large and the yellow line is continuously stepped back downward, which is strongly bearish. Then follow the trend and focus on high-altitude
BTC evening strategy: 89380-89880 short, target around 86500!
11.13 BTC, ETH evening analysis: The market has tested key positions many times, and deep retracement needs to wait
The post has repeatedly prompted bullishness. This week's market is bullish, and the monthly line level is strong and bullish, forming a wave of bulls quickly. Friends who come to consult basically lead everyone to catch it, which is very comfortable. At present, the big cake has broken through 90,000 and has risen unilaterally, indirectly driving the rise of Ethereum and Shanzhai. It belongs to the third stage of the rise. Wait, it is expected to see 100,000 big cakes by the end of the year!
From the 4-hour chart, ETH has been consolidating after the previous structural divergence. At present, it is much weaker than Bitcoin, and the retracement is relatively strong. Combined with technical indicators, the rising volume is weakening, but the trend chart is still in the upward trend of the monthly line. It is best to wait for the retracement of the lower resistance line 3168 to go long. As long as it does not fall below the second half of the night, it is likely to be in high consolidation. The attached indicator is basically in a state of about intersection. Once it crosses downward, it is strongly bearish. As long as the trend chart is bullish, it is mainly low-long with the lowest risk.
BTC evening strategy: 89850-90350 to go long, the target is around 92050!
11.9 Saturday BTC and ETH market summary: weak rise, be vigilant!
This week, due to the influence of Trump's coming to power and the Fed's interest rate decision, the big cake has reached a record high. It is currently in a shock correction stage. The price behavior is in the fourth push upward, but the pin point is low and the rise is weak. Last night's post suggested that the high-altitude is the main one. From the intraday trend, it is basically in line with expectations and very accurate. As long as the structure is not destroyed, it can be done by opening a short position at a high level. The weekend market is basically volatile. Next week, focus on the position of 71990, a big support. The monthly line is bullish and will rise if it does not fall below.
From the weekly chart of BTC: the trend line structure is upward, at the key node of 3 waves rising and 4 falling, because the 3rd wave is the longest, once the turning point is formed at the top 77180, it will definitely fall sharply, stepping back to the lowest point below 71990, either down or rebounding to break the new high in five waves. It is very clear here when combined with MACD and OBV. The indicator is in the third rising stage, and the real positive column is gradually rising. The general direction belongs to an obvious upward trend, so it is very clear to see the trend chart. After the general direction is set, the 4-hour support is found at 75750. If it does not fall below and stabilize, it will continue to move in the third wave. Pay close attention!
From the daily line of ETH: the trend is clearer than that of the big cake. It is strongly bullish after breaking through the wedge range. The post also clearly reminds us to focus on the upper pressure position of 3280. The recent high-level consolidation of the big cake does not rule out the possibility of ether sneaking up. Observe that all technical indicators are bullish upward. The short-term indicator divergence does not affect the rising process. Just find the key position to short.
BTC Saturday strategy: 75550-75850 to do more, the target is around 76700!
ETH Saturday strategy: 3005-3015 to do more, the target is around 3080! #山寨季分析 #大盘的下一步?
11.9 Saturday BTC and ETH market summary: weak rise, be vigilant!
This week, due to the influence of Trump's coming to power and the Fed's interest rate decision, the big cake has reached a record high. It is currently in a shock correction stage. The price behavior is in the fourth push upward, but the pin point is low and the rise is weak. Last night's post suggested that the high-altitude is the main one. From the intraday trend, it is basically in line with expectations and very accurate. As long as the structure is not destroyed, it can be done by opening a short position at a high level. The weekend market is basically volatile. Next week, focus on the position of 71990, a big support. The monthly line is bullish and will rise if it does not fall below.
From the weekly chart of BTC: the trend line structure is upward, at the key node of 3 waves rising and 4 falling, because the 3rd wave is the longest, once the turning point is formed at the top 77180, it will definitely fall sharply, stepping back to the lowest point below 71990, either down or rebounding to break the new high in five waves. It is very clear here when combined with MACD and OBV. The indicator is in the third rising stage, and the real positive column is gradually rising. The general direction belongs to an obvious upward trend, so it is very clear to see the trend chart. After the general direction is set, the 4-hour support is found at 75750. If it does not fall below and stabilize, it will continue to move in the third wave. Pay close attention!
From the daily line of ETH: the trend is clearer than that of the big cake. It is strongly bullish after breaking through the wedge range. The post also clearly reminds us to focus on the upper pressure position of 3280. The recent high-level consolidation of the big cake does not rule out the possibility of ether sneaking up. Observe that all technical indicators are bullish upward. The short-term indicator divergence does not affect the rising process. Just find the key position to short.
BTC Saturday strategy: 75550-75850 to do more, the target is around 76700!
ETH Saturday strategy: 3005-3015 to do more, the target is around 3080! #山寨季分析 #大盘的下一步?