Bitcoin Bitcoin lives up to expectations, between July 2nd and 9th, it consolidated in the range of 107,000 to 109,200. On the 10th, it broke through 109,200 and stabilized, while also breaking through 110,000 and stabilizing, basically confirming that a new round of upward movement has opened (as mentioned in the article from the 1st about breaking 110,000 and reversing). Then 130,000 is also it, 150,000 is still it. As long as Bitcoin continues to break through high points one after another, there is no ceiling for new highs. All predictions are futile; we can only walk and see. Ethereum ETH has finally returned as the king, washing away past shame! Because of ETH, our community and individuals have endured so much misunderstanding, so much defamation, so much slander, and so many malicious attacks! But no matter how many voices there are from the outside, none of them can shake my faith in Ethereum. Those who know our community and my family are clear that I have always charged my faith in Ethereum in internal groups and monthly meetings, from a macro perspective, from a technical perspective, from a cognitive perspective, in short! Apart from Bitcoin, it's Ethereum. We must believe that Ethereum will reach $10,000, even $20,000 one day! I believe Bitcoin and Ethereum will slap all those who have ever slandered, defamed, or maliciously attacked our community in the face! Because this is what they 'owe' to our community! The karma left by their words means they will not be able to earn the wealth of Bitcoin and Ethereum!
Have you all noticed? The cryptocurrency world isn't as 'difficult' to navigate anymore.
Just focus on Bitcoin and Ethereum, ignore the rest, and you can outperform over 99% of players.
By concentrating on Bitcoin and Ethereum, even if you incur losses, you'll lose much slower than over 99% of players.
Those who play with altcoins, meme coins, and contracts end up losing everything in the end.
Playing with those, profits are only temporary, and once losses hit, they come fast. How many people have been trapped in zec, zen, and dash again!
With Bitcoin and Ethereum, no matter what, as long as you manage the relative waves well, control the relative long cycles well, and handle stop-loss and take-profit effectively, it’s really hard to say you will incur losses.
The key point is that many people in the cryptocurrency world still refuse to accept reality, refuse to change, and continue to complain about industry inequality and fate unfairness, yet they never reflect on themselves or grow! They feel that losing in altcoins makes it too hard to return to Bitcoin and Ethereum for recovery, but they ignore that continuously holding onto altcoins and fixating on them leads them deeper into a quagmire, ultimately sinking them down into the mire, regretting it only after the fact, and some even lose everything without realizing why they are suffering such severe losses in the cryptocurrency world. $BTC $ETH #加密市场观察 #ETH走势分析
Has the double bottom formed in the market, is it a reversal or a reversal?
December 3rd Market Analysis The market is really dramatic, completely following the trajectory we predicted. At the end of last month, it dipped near 80000 and then rebounded to around 93000. We have consistently suggested that if it dips again to 86000/83600 (the best extreme), Ethereum should ideally retest 2790/2720. Moreover, during the internal meeting live broadcast on the 1st, we also indicated that a double bottom in the short cycle would pull it up to form a golden pit, which would then return the medium-term trend to a normal trajectory. However, it unexpectedly completed the conversion within 48 hours! Just yesterday morning, the closing price was 84600 for Bitcoin, and around 2745 for Ethereum. In the internal group, we also suggested focusing on seizing the rebound first (as shown in the picture). Looking back, yesterday was the best opportunity to establish a position. During the second half of yesterday, with a big bullish candle, Bitcoin accelerated to break through from 87200 and Ethereum from 2800, basically reaffirming the double bottom foundation. Whether this is a rebound or a reversal, let's hear more details from the live market!
Family in the crypto world, have you awakened? Will you still ask if the bull is here? I remember that this past month, the most asked question by fans is, is the bull still here? I have always said that when we were at 122,000/116,000, the phase of rising had ended, and falling below 102,000 would only accelerate the decline. However, many family members still refuse to believe it and continue to fantasize that the bull is still here, even holding onto the idea of a altcoin season? I really don't know what those bloggers who keep promoting the altcoin season are thinking, always using zec as an example to define the so-called altcoin season. We have been advising family members to completely abandon any altcoins since last August and return to value investing. Those fans who have listened should have avoided a huge disaster. #加密市场回调 $BTC $ETH
Bitcoin has closed with a bearish candlestick today, marking its 9th consecutive bearish close. As the saying goes, extremes meet, and in Bitcoin's history, there has only been one instance of exceeding 9 consecutive bearish closes, which was back in June 2022, a total of 10 consecutive bearish closes!
After today’s bearish close, it can basically be confirmed that this is the first wave of a decline in a major cycle transition. Although the major uptrend has ended, extremes meet; after a prolonged decline, there will definitely be a rebound phase. However, for short-term trading (91300/89500), one must be well-prepared for a rebound, and set stop-loss levels around (88950/88600). The profit potential won't be too large, only around 95600/98500/102000. Therefore, those who lack strong technical skills and cannot strictly execute should just wait, and we can discuss it again after it has completely moved out! #加密市场回调 $BTC $ETH
The big cycle in the cryptocurrency market has finished, it's time to continue resting for the medium to long term, I've been reminding you for more than a month. If you haven't managed to profit from the upward trend, why would you expect to make money in a downward trend? If you don't stir things up, you've already outperformed many people. $BTC $ETH #美国结束政府停摆 #Strategy增持比特币
K-lines have no borders, and technology knows no limits. As long as you master the unique K-line techniques of Bosheng. No matter if it is A-shares, U.S. stocks, gold, or the cryptocurrency market. You can effortlessly solve the pain points of buying and selling!$BTC $ETH #美国政府停摆 #Strategy增持比特币
The veteran altcoins have once again displayed the phenomenon of last year's collective 'iron tree blossoming'. Here, I will unveil the little-known 'strategy'!
Perhaps recently, the hottest topic in the crypto scene has been the privacy sector led by zec, with coins like dash and zen as supplements, creating an illusion of a sector rotation. In reality, it's not as simple or as complicated as people think; it's entirely dependent on capital institutions. This is why I don't mention the project parties (the manipulators). Anyone who has been in the circle for a few years knows that both zec and dash were once 'abandoned' by major institutions, and leading exchanges collectively delisted them. The K-line has been stagnant for years. Speaking of this, old friends in the crypto world, do you feel a sense of familiarity? Do you remember the old dogecoin? Isn't it the same logic? A while back when zec began to pump, I thought it might just be a manipulation by the whales to harvest retail investors. It wasn't until these last few days that I realized through zec's advantages that this is a meticulously planned 'strategy'!
Come when it says, Bitcoin 104000 has been broken, can the market still come?
In the previous articles, I have mentioned that the current market situation is not optimistic, with high-level fluctuations. Last month, I suggested taking a break for the medium and long term, while the short term is another matter! Recently, the most talked-about topic in the crypto circle is that this round of market is too difficult, it is not something that ordinary people can play with; former whales have become small fish! Former big players have turned into shrimp! Former shrimp have become dregs! In summary, this round of market has resulted in a very low profit-loss ratio in the crypto circle. There used to be the 80/20 rule, but it is estimated that 99% of players are currently losing money. Who has made money in the crypto circle? Undoubtedly, it is the exchanges + institutions + project parties. This round of retail investors is basically 99% just running alongside!
In the next article, I will “expose” the little-known “truth” of this round of market, but today let's talk about the recent trends!
Bitcoin: Today it has already broken the last line of defense at 104000. If it closes tonight without stabilizing at 104000, it will basically continue to break down and accelerate, so don't expect any market. Just continue to take a break! Short-term aggressive investors can consider whether to grab a short-term rebound near the closing price tonight. By the way, a rebound of basically 3/5 points in the short term is already quite good, so consider the cost-effectiveness carefully!
Ethereum: Basically synchronized with Bitcoin, it has also reached the price around 3450 mentioned in our previous two articles. In the short term, it is also just a rebound. If it breaks 3450, it will be scarier than Bitcoin's accelerated decline, so be prepared psychologically for 3000/2800. Therefore, the short term is also a test of skills. If the skills are not solid, I suggest taking a break and observing with a medium to long-term mindset!
The above is purely personal opinion and does not constitute investment advice. There are risks and huge fluctuations in the crypto circle, so invest with caution! $BTC $ETH #加密市场回调
Monthly and weekly charts have not closed ideally. How should we respond this month?
I've caught a cold these past two days, and I didn't update the article the day before yesterday. I barely finished the meeting, which lasted about two and a half hours. I detailed the recent trends of Bitcoin, Ethereum, and gold. When I woke up yesterday, I thought about updating everyone immediately, but I also needed to close the weekly chart. That's why I decided to analyze the market now, and I hope for your understanding!
Bitcoin: Both the monthly and weekly charts have not closed ideally, but it can score a passing mark of 60. Why do I say this? In other words, even if this month is not ideal, it might be preparing for December, so the overall trend this month will still be dominated by mid to high-level fluctuations: 104350 (breakpoint)/107700/113000/116000 (turning point)/118200/122400 (reversal point). Therefore, I suggest everyone trade within the range and focus on waiting for long positions. Do not blindly recharge your faith!
Ethereum: The monthly chart is slightly better than BTC, possibly mainly because this round hasn't surged much. Currently, it is basically following Bitcoin's mid to high-level fluctuation trend: 3450 (downward breakpoint)/3685/4135/4250 (turning point)/4475/4780 (reversal point). In the short term, pay close attention to the fluctuations within the range, and also focus on waiting for long positions. Do not blindly recharge your faith!
The above is purely personal opinion and does not constitute investment advice. The crypto space has significant risks and volatility; invest cautiously! #美国加征关税 #巨鲸动向 $BTC $ETH
The previous article accurately mentioned Bitcoin 116000 and Ethereum 4250 strong resistance. On the 27th, both surged to this point, showing how strong this resistance level is. After being hindered by the resistance level, it retreated to around 107200, and Ethereum also pulled back to around 3720. At this position, short-term support remains effective, and there will be a sharp rebound. As for whether the overall direction has changed, it's still the previous viewpoint. As long as 102000 is not broken, it remains a high-position oscillation market. However, the monthly line will be closing soon, and tomorrow the overall direction may become clear again. Don't go away, remember to check the new updates first thing tomorrow! $BTC $ETH #巨鲸动向 #加密市场回调
Family, how many points can this article score? We welcome discussions in the comments section; your valuable opinions are the driving force behind our progress 😊#加密市场反弹 #美国加征关税 $ETH
I have been studying Twitter these days, searched for a long time, and finally found the Twitter account registered in 2023. I hadn't put much effort into managing it during that time, and now I found a tweet from December 6, 2023, opened the K-line review, and it was just around 43000, at that time I was determined that it would continue to rise! In fact, Weibo from the end of 2022, back then Bitcoin was around 16000 and had been suggesting to look at 110000/130000, rather than looking at 110000/130000 only when it reached 80000/90000. Family, still learn value investing and be friends with time! $BTC #加密市场反弹
The market is about to change, family, are you ready?
Bitcoin
The market has just closed above the three to five day lines, overall it's not bad, the last two days have been oscillating in the 107200/110000 range. Although the upper pressure level remains unchanged, the trend has gradually shifted from a weak rebound to a strong offensive, so the pressure level in this case is used for breakthroughs! The pressure level has basically been lowered to the 113000/115000 range, closely monitor 115000. An effective breakthrough at 115000 will likely welcome a new major rebound to the 118000/122000 range, reversal pending! The strong support pivot remains unchanged at 102000; if it doesn't break the second level, don't easily expect a major drop!
Ethereum
Compared to Bitcoin, it is somewhat weak, but it has been oscillating within the safe zone of 3720/3880. Ethereum needs to effectively break and stabilize above 3960 to continue to see a rebound, and there are heavy pressure levels. The mid-term pressure levels are a lot at 4150/4250/4330, and there's no need to mention what's behind that; just follow Bitcoin and take one step at a time!
Other major coins:
With Bitcoin and Ethereum stabilizing this round, Solana, ADA, and Dogecoin will likely also have a rebound that exceeds the gains of Bitcoin and Ethereum.
The above is purely personal opinion and does not constitute investment advice; the crypto market is risky and highly volatile, so invest with caution! $BTC $ETH #币安Alpha上新 #加密市场回调
Last night, Bitcoin and Ethereum sent money. Did everyone catch it?
Yesterday, during the first half, both Bitcoin and Ethereum experienced a collective decline. By evening, gold accelerated its decline again, and the cryptocurrency market saw a short-term profit rebound, rushing towards the 113000 resistance level, creating a false prosperity v-shaped pattern. From the candlestick technical perspective, yesterday's surge was like giving away money, as all indicators showed no signs of bottoming, and multiple resistance levels were suppressing it. This sudden surge giving away money would be a pity if not taken advantage of!
Gold:
Early in the morning, it once again pierced down to 4004, which happens to be a strong support level on the 4-hour chart, quickly rebounding back to the 4100 level. It currently looks promising to consolidate in the 4100/4050 range to build a small bottom, rebounding towards the resistance levels of 4218/4270. However, after yesterday's decline, the gold price trend has entered an unfavorable shape. If the upward momentum is not strong, and it falls back below 4004 again, it is highly likely to test a new platform in the 3965/3870 range! Take one step and look three steps ahead; just ensure relative risk control!
Bitcoin and Ethereum: Basically, I still maintain the views from the previous two articles!
The above is purely personal opinion and does not constitute investment advice. The financial market is highly volatile, and entering the market carries risks; investment should be cautious! $BTC $ETH #加密市场回调 #币安Alpha上新
Gold plummets, will funds flow back into the crypto world?
The long article mentioned this morning that gold reached a high point of 4350, with a need for a pullback, and is expected to go to 4200. Unexpectedly, it broke through 4200 in just one day, and also briefly pierced through the strong mid-term support of gold at 4100. For gold, today is likely the largest single-day drop in history. Tomorrow, it is estimated that another batch of bosses in Shenzhen Shui Bei will go down!
With the sharp decline in gold, global risk-averse funds are once again targeting the crypto world, and the crypto world may welcome a wave of capital flow, hoping to break through 116000/120000. From a technical perspective, we still look for a rebound, cherish the journey!
The above is purely personal opinion and does not constitute investment advice. The financial sector is subject to significant risk fluctuations, and investments should be made cautiously! #加密市场回调 #币安Alpha上新 $BTC $ETH
The market is being tightly suppressed, beware of the air force coming!
Bitcoin: The last article mentioned that the Bitcoin downtrend channel has formed, with a weak recent rebound. On the 17th, it successfully retested the daily strong support at 103500, which can be considered a short-term second daily bottom test. However, during the rebound, it failed to break through the resistance at 111000 and began to retest again. If this drop approaches 103500 without breaking, there is potential for a triple bottom formation in the medium term. However, from other indicators and cycles, the probability of a triple bottom is relatively small, unless we use time to exchange for space and continue to consolidate in the 111000/103500 range, which may lead to a new bottom. In other words, a retest near 103500 could allow for a short-term rebound operation, but one must be prepared to take profits in the 111000/113000 range and be ready for stop-loss if it accelerates below 102000. If it breaks below 102000, then the trend mentioned in the last article will continue!
What was meant to come has come, where is the market headed? Let's listen to the following analysis!
The market finally dipped to around 108000 last night, and what was meant to come has come. In the meeting on the 15th, Tencent Conference analyzed the market situation for two and a half hours, consistently reminding that the medium to long-term trend of the market entered a mid-term downtrend channel since the 7th. It was also predicted that the market is brewing a new pullback recently, targeting 108000/102000. In fact, this viewpoint was mentioned in the previous article, where Bitcoin is expected to pull back to 108000/102000, and Ethereum to 3850/3600. Those who are interested can refer to the article on the 13th! Meanwhile, it was emphasized in the meeting that long-term players should continue to rest! At least wait for the hourly chart to show a clearer direction before looking again. Using our unique 'K-line technique' from Bishi, it is estimated that it may take until the 25th to get out of this situation (if it does not break below 102000. Once it breaks below 102000, the logic of hitting the bottom on the 25th will be invalidated).
After the 'black swan' on October 11th, will the big market continue?
After the 'black swan' on October 11th, will the big market continue?
The extreme market situation on October 11th, I won't elaborate on the specific reasons behind it here, many KOLs have already analyzed it, so discussing those trivial matters is meaningless; the old players in the industry understand what's going on!
Let's talk about the post-October 11th 'earthquake' in the crypto world and how the market will trend later; listen to the following analysis!
First, the mindset of the manipulators (from a human nature perspective) After experiencing the 'earthquake' in the crypto world on the early morning of the 11th, players with low-leverage contracts and loans were basically uprooted! Those who wanted to time a second bottom had no opportunity at all. By the time everyone reacted, all cryptocurrencies seemed to return to their normal rise and fall trends! It seemed as if nothing had happened, but who thought about how many people lost everything that night in the crypto world, and how much market value evaporated in the crypto industry overnight? The publicly reported $20 billion is just the tip of the iceberg; in reality, it's more than ten times that! So the question arises, since so much capital has gone into the hands of the manipulators, they have sufficient funds to drive the market. If they don't want the crypto world to perish, there can't be any 'aftershocks' in the short term! Because if there are 'aftershocks' again, it would mean continuing to let retail investors pick up low-priced chips. After all the effort to clean out the retail investors, how could they possibly go for a standard second exploration? Here, we can refer to the previous 3.12! Forget about 5.19; that's not the same concept, so I won't elaborate further! (ps: In the afternoon of the 11th, I discussed the logic of there being no second exploration with a few friends, and it seems my friend didn't quite believe it afterward, hahaha...)