My WeChat account that I've used for five years has been banned. Recently, there has been a strict crackdown on cryptocurrency-related posts, everyone please be careful. #币安区块链周
Bitcoin is currently filling the weekly gap; it is not advisable to blindly short in the short term, but aggressive buying is also not recommended. The main strategy should be to look for low buys on pullbacks. The daily Bollinger Bands have been continuously narrowing downwards, with a target of around 96700 above. This position is also the peak area of a double top, so the extreme position of this week's rebound should be closely monitored around 96700. Bitcoin has reached around 94200 during the day; if planning a short-term buy, one should patiently wait for a pullback before participating.
Ethereum is currently reported at around 3210, with resistance levels to watch at 3250 and 3300. The targets are 3100 and 3050, and after a pullback stabilizes, one can look to place long positions.
The ideal high short area for Bitcoin to watch is around 96700 and 102000, while for Ethereum, it is key to focus on the two critical positions of 3420 and 3680. Friends holding short positions must strictly control risk and pay attention to position safety. #ETH巨鲸增持 $BTC
$BTC Tonight's trend is really fierce! Pay attention to the resistance zones at 3100 and 93000. If we can't maintain this level, just keep shorting, don't be afraid, brothers!
Shorting at high levels is perfectly fine, just be sure to avoid blindly shorting at low levels; if you agree with my trend judgment and like what Lao Yang shares, hurry up and hit that follow button. #美SEC推动加密创新监管
$ETH Now it really seems a bit dramatic. It might be the same script as last time. The bullish candlestick surged sharply, and then after a few days of sideways consolidation, it collapsed.
Currently, it gives many people a false impression, seemingly without reducing the strength of the rebound, with longs trapped at high levels, and then it just cascaded down. #美SEC推动加密创新监管
This market is just like a "trap"; everyone has indeed been trapped. If it's time to cut losses, then do it. If it's wrong, it's wrong; there has never been a master who profits forever. Stay out of the market and observe. Don't chase rising prices or sell on dips. Take your time to observe. #BinanceBlockchainWeek $BTC
$ETH Yesterday, we just experienced a cliff-like crash in the market, with many traders being pressed down and frantically harvested; today, we welcomed a violent deep V rebound, and the bears were precisely targeted again. This wave of market behavior is an extreme reversal, and retail investors are directly rubbed until they doubt life!
At this moment, short position holders are collectively panicking: should they grit their teeth and hold on, trapped halfway up the hill? Or have they already been triggered by volatility to stop-loss and exit? Worse yet, have they already suffered from a margin call and lost everything?
At 3 AM, we still have to wait for important figures to speak, with uncertainty at its peak! Those who have stayed up late in the short positions, are they really going to fall in the last wave of rise before dawn? This market is simply unplayable; I urge all retail investor comrades to band together and lick our wounds. Who will save us? #BinanceBlockchainWeek
$ETH The market has finally rebounded, let's see if it can break through the upper resistance level. Ethereum can short with a light position if it reaches the range of 2860 to 2900. Bitcoin can be shorted now at 88450. Don't hesitate, this trend will still decline. #BinanceBlockchainWeek
$ETH The current market is starting to fluctuate again, and there may be a chance for a rebound. A rebound is not a reversal; when given the opportunity, it's time to short.
Ethereum and Bitcoin are likely to test lower levels again. Everyone should be ready to set up short positions. Old Yang is still bearish on the current trend, with Ethereum's target around 2550 and Bitcoin at 81500. If you like Old Yang, give a follow!
12.2 Bitcoin/Ethereum Market Analysis and Thought Reference
From a technical perspective, Bitcoin's daily candlestick closed with a long lower shadow and a bearish candle. The middle and upper bands of the Bollinger Bands continue to exert downward pressure. Even though the bulls seemed strong last week, the rebound process has repeatedly been constrained by the middle band. While going long may yield short-term profits, failing to exit in time can easily lead to being trapped, and one may miss better entry points for short positions. Currently, the MACD indicator shows a contraction in bullish momentum, and the KDJ has formed a death cross moving downward, with the bearish advantage still solid.
Bitcoin has achieved two consecutive bullish candles in the 4-hour chart, but it must be clearly stated that the rebound is by no means a reversal! Yesterday's bearish candle has significantly cleaned out the bullish chips, and the short-term rebound is merely for indicator repair and gap filling, also creating better entry conditions for future short positions. Today, key upper resistance is focused on 87500 and 88800, with short opportunities revolving around these two core levels. Downward support is seen at 86000, 85000, and 83000 in sequence.
ETH continues to maintain a bearish trend, with upper resistance during the day focusing on 2850 and 2930, and short strategies are laid out around these points. Downward support is noted at 2750, 2650, and 2600.
In terms of operations, one must pay attention to controlling position risks and staying away from forced liquidation risks. The overall direction remains predominantly short, and acting in accordance with the trend is essential for steady profits! #加密市场观察 $BTC
Recently, Lao Yang posted to tell everyone to short at high positions. There are always people messaging me privately, saying that I am the leader of the short sellers and that I will eventually go bankrupt. They wait every day to see me make a fool of myself, which is really funny, as they go against the trend every day. Those who have been liquidated on their long positions vent their inner imbalance at me; people like this are already not clear-headed. $BTC
The current trend is very clear; the rebound is weak and will continue to test the bottom support. Ethereum is expected to reach 2550, while Bitcoin is seen around 81500. Don't overthink it, just go for it! $ETH
This morning, when waking up, many people might have looked bewildered. Some have seen their principal return to zero, while others have incurred huge losses from going long. The market is like this, unpredictable and changing. Unbeknownst to you, your position may no longer exist. Therefore, Old Yang advises everyone to prioritize risk when trading and not to daydream every day!\n\nIn the current market, everyone must avoid bottom fishing for long positions, or else the tragedy will repeat itself. The market currently shows a continuing downward trend, and Old Yang insists on a high short strategy, so wait for the rebound resistance to continue shorting, and leave the rest to time. #ETH巨鲸增持 $BTC
The weekend's fluctuating consolidation is about to end, and tonight we are likely to welcome a big market movement! Currently, the market continues to decline, and the rebound strength is weak, which is clearly a signal of fluctuating inducement. Brothers, it might be a good idea to identify high points and directly lay out short positions.
Friends who like Lao Yang remember to click to follow, as I will continuously share real-time market interpretations and operational ideas! #币安HODLer空投AT $BTC
The new friend has only completed 4 orders, although there was a mistake in the first order. However, it does not affect the total profit, as the principal increased from 46,000 U to 83,000 U. Congratulations! $BTC
Congratulations to the friends who joined in eating meat last night. In trading, you must go with the trend. Old Yang insists on the unchanged high-altitude strategy! $BTC
This market is really a bit disgusting, yesterday it almost reached the short-selling range of 3100 and 93500, which is quite a pity, and now it is still in a continuous fluctuation.
Currently, from the K-line perspective, it may fluctuate in this range for a while and then drop further, getting close to rebounding to the resistance level. $BTC
Friends, it's essential to firmly hold onto your short positions in the high-level layout! The short-term rebound is a normal market correction, so there’s no need to be overly anxious. The current major trend still leans towards bearishness; as long as we firmly grasp the core direction, we can steadily reap profits in the future.
If you agree with Lao Yang's thoughts, feel free to follow for more precise layouts and continuous sharing in the future. $ETH