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the journey of chief trader
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我说价格不是衡量牛市的因素‼比特币6万不代表牛市‼
它的交易量和波动率才是衡量牛市的因素，但这些因素已经回落到熊市的水平了。
#BinanceTournament
#Megadrop
免责声明：含第三方内容，不构成财务建议，并且可能包含赞助内容。
详见《条款和条件》。
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Analysis of the market in the morning of July 31 After hitting $70,000, Bitcoin plummeted $5,000 and then experienced a narrow-range oscilliation near $66,000. Will BTC surge to $80,000 after the liquidation of longs or will it continue to osicilliate in a wide range near $58,000⁉ The day before yesterday, Bitcoin hit the $70,000 mark and experienced a deep correction of 5,000 points immediately, casuing the longs were liquidated. Actually, I have successfully predicted this correction and it was published in my article in advance, so I called for going short near $70,000, but my prediction for this wave of decline was not a downward trend at that time. Our current prediction for this decline is the last liquidation for the longs before breaking through $70,000. In other words, I think that there will be a upward trend after this correction. If you are interested in it, you can take a look the support band for BTC between 65200 and 64400 and the support band for Ethereum between 3240 and 3180. If BTC fails to broken through 64400 and ETH doesn’t break through 3180, you can choose to enter the market with long position. Follow the market trend, and continue to bet on the rising to break through $70,000‼ #Bitcoin_Coneference_2024 #BinanceTurns7
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To trade, you must be optimistic enough. What is to be optimistic? That is, you need to have a bigger picture‼ Why do some people think that the market will go downward but end up opening a position⁉ Think back wether you face a situation that when you observed the downward trend and you should have short at a high price but you ended up going long. That is beacuse you paid too much attention to one or several bullish candlesticks which finally affected your own mind and your decision making. Therefore, not everything in the world must follow the old saying “ no pain no gains.” A good trading can make you feel relaxed, and help you make a lot of money more easily, but once you are very nervous or fantasize about taking advantage of the whole market trend, you will pay too much attention to the market condition, affecting your observation of the overall market for those little fluctuations‼ #ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024
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The wide-range oscilliation has lasted for 7 days. The whole cryptocurrency circle lost its direction and all investors got liquidated, with amount to 250 million US dollars, while we entered the market with the long positions at the highest point, and we double our principal. I have called for going long with a stop-loss put above the cost price in my previous article since the resistance level is between 3530 and 3560, and then wait for a crash. You can see that for the highest point of Ethereum this time is exactly 3562, and there is no deviation from the peak at 3560 predicted by me. Therefore, we directly entered the market at the top price accurate to the single digits. I am the only one who called for shorting when the whole cryptocurrency circle was chasing the high. So how could I possibly make money with my accurate market predctions ?#ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024
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I think I have analized market movment very clearly yesterday. A few days ago, some people always questioned whether it was right to short at 3500 under the major rising trend. After ETF fell to the zone of a wide-range oscillation at 3430 again yesterday, I told everyone that ETF will rebound slightly along $3430 first. and then fall below the 3430 with a wave of downward trend. Look back at the market again, did ETH rebound to $3470 after touching $3430 yesterday, and then plunged at night with more than 300 points, and fell to near $3150‼ In my previous article, I have mentioned clearly that go short from 3516 to 3556. This wave of decline is close to a pattern door market movement, that is, a bearish engulfing pattern and there is no signal to stop of a decline. The next operation is still to short at the high price after a rebound and we will consider entering the market with long position after another wave of decline.#ETH_ETFs_Trading_Today #ElectionCampaign
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