Don't stop me! Has Bitcoin bottomed? I've already made my move! Let's talk about what comes next.
1. As the saying goes, be greedy when others are fearful. Believe it or not, Bitcoin may have already touched a strong support level, and a fairly big rebound could be on the way! Even reaching $76,000 wouldn't be too difficult.
2. The biggest negative catalyst for crypto—the removal of MicroStrategy from the index—is set to take effect tonight. Based on how similar events have played out in the past, the market may well have priced in the bad news and start a rebound.
3. Also, looking at the candlestick chart, Bitcoin's strong support is around $72,500. Shuqin talked about this a week in advance and has been mentioning it these past few days, including yesterday. Since the $75,000 support broke, the next support is here, so we went long just above it. It was a natural move. Those of you who haven't gotten in yet can watch for a second dip as an entry opportunity.
4. So the drop from $75,000 to $72,500 hasn't affected us, because we didn't enter during that gap—we only got in last night. Personally, I'm quite optimistic about this rebound. It could reach $76,000 or even a little higher. Of course, let's not get ahead of ourselves. If you want to play it safe, you can take partial profits at the minor resistance around $74,400. If there's a second dip, you can continue going long.
5. Besides that, we also went long on Ethereum. I mentioned it in yesterday's post, and shared a trade signal last night too. As shown in the chart, we went long around $2,010 last night, and today it's already rebounded by 40 points. Pretty great! Personally, I think it could reach around $2,160 in the long term, though you could also take partial profits near $2,080 in the short term.
6. Besides that, the semiconductor stocks Shuqin suggested everyone buy—Intel, MU, and SOXL—have all rebounded strongly and surged again in premarket trading today. No problem there. Whether it's crypto or U.S. stocks, we'll jump in when there's an opportunity! Xiaoqin is always here~
1. As the saying goes, be greedy when others are fearful. Believe it or not, Bitcoin may have already touched a strong support level, and a fairly big rebound could be on the way! Even reaching $76,000 wouldn't be too difficult.
2. The biggest negative catalyst for crypto—the removal of MicroStrategy from the index—is set to take effect tonight. Based on how similar events have played out in the past, the market may well have priced in the bad news and start a rebound.
3. Also, looking at the candlestick chart, Bitcoin's strong support is around $72,500. Shuqin talked about this a week in advance and has been mentioning it these past few days, including yesterday. Since the $75,000 support broke, the next support is here, so we went long just above it. It was a natural move. Those of you who haven't gotten in yet can watch for a second dip as an entry opportunity.
4. So the drop from $75,000 to $72,500 hasn't affected us, because we didn't enter during that gap—we only got in last night. Personally, I'm quite optimistic about this rebound. It could reach $76,000 or even a little higher. Of course, let's not get ahead of ourselves. If you want to play it safe, you can take partial profits at the minor resistance around $74,400. If there's a second dip, you can continue going long.
5. Besides that, we also went long on Ethereum. I mentioned it in yesterday's post, and shared a trade signal last night too. As shown in the chart, we went long around $2,010 last night, and today it's already rebounded by 40 points. Pretty great! Personally, I think it could reach around $2,160 in the long term, though you could also take partial profits near $2,080 in the short term.
6. Besides that, the semiconductor stocks Shuqin suggested everyone buy—Intel, MU, and SOXL—have all rebounded strongly and surged again in premarket trading today. No problem there. Whether it's crypto or U.S. stocks, we'll jump in when there's an opportunity! Xiaoqin is always here~
