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$BTC
Thursday, good morning to a new day!
After waking up, the market has collapsed again. As expected, the price of Bitcoin has significantly dropped again. After a slight rebound to around 104900 in the early morning, it directly fell back to touch the 100300 level, resulting in a nearly 5000-point decline. In the early morning update, I suggested shorting Bitcoin around 105000, aiming for a pullback to 102000. The strategy is sound, but the extent exceeded expectations this time. Anyone who followed my strategy should have made some profit.
I have been emphasizing that after the Federal Reserve's interest rate cuts are priced in, the data release could put pressure on the market. As expected, during the Federal Reserve meeting at 3 AM, Powell's speech was a huge shock, delivering a strong blow to the market. Next year, rate cuts may slow down, and a slow reduction could harm the economy and employment situation, which would have profound implications for the cryptocurrency space, directly causing the price of Bitcoin to plunge. Currently, from the four-hour chart, the downside support has been broken, and the Bollinger Bands are showing a widening downward extension, indicating ample space for further declines. There are no clear signs of a bottom yet, so in the morning analysis, we should slightly allow for a rebound and continue to short.
On Thursday morning, Bitcoin rebounds in the 101000-101500 area for shorting, looking at 99600, and then the previous strong support at the 98000 level. During the pullback phase, remember to defend well when catching rebounds. It is safer to mostly participate in shorts. Recently, the market has been very volatile, so if you can't read it well, stick to the strategy!
Thursday, good morning to a new day!
After waking up, the market has collapsed again. As expected, the price of Bitcoin has significantly dropped again. After a slight rebound to around 104900 in the early morning, it directly fell back to touch the 100300 level, resulting in a nearly 5000-point decline. In the early morning update, I suggested shorting Bitcoin around 105000, aiming for a pullback to 102000. The strategy is sound, but the extent exceeded expectations this time. Anyone who followed my strategy should have made some profit.
I have been emphasizing that after the Federal Reserve's interest rate cuts are priced in, the data release could put pressure on the market. As expected, during the Federal Reserve meeting at 3 AM, Powell's speech was a huge shock, delivering a strong blow to the market. Next year, rate cuts may slow down, and a slow reduction could harm the economy and employment situation, which would have profound implications for the cryptocurrency space, directly causing the price of Bitcoin to plunge. Currently, from the four-hour chart, the downside support has been broken, and the Bollinger Bands are showing a widening downward extension, indicating ample space for further declines. There are no clear signs of a bottom yet, so in the morning analysis, we should slightly allow for a rebound and continue to short.
On Thursday morning, Bitcoin rebounds in the 101000-101500 area for shorting, looking at 99600, and then the previous strong support at the 98000 level. During the pullback phase, remember to defend well when catching rebounds. It is safer to mostly participate in shorts. Recently, the market has been very volatile, so if you can't read it well, stick to the strategy!
$BTC
I am not professional
But i have 3 year trading experience
Let think simple
The market went up because Trump won.
He gave us hope for crypto and told not to sell it.
Maybe he lied to win the election.
but now The market will fall when the truth is revealed.
Will $BTC hit 110k before the end of this year I believe it will!
What do you guys think about it Does anyone see the potienal as i see it LMK in the comments down below
I am not professional
But i have 3 year trading experience
Let think simple
The market went up because Trump won.
He gave us hope for crypto and told not to sell it.
Maybe he lied to win the election.
but now The market will fall when the truth is revealed.
Will $BTC hit 110k before the end of this year I believe it will!
What do you guys think about it Does anyone see the potienal as i see it LMK in the comments down below
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