华尔街保洁员Rock

$BTC BUY MORE BTC, the starting point of the next bull market.

Long periods of consolidation will make you doubt yourself, but the accumulation phase is like that.

As news of more and more Bitcoin being stolen has increased recently, and MicroStrategy is also going to sell Bitcoin, long-term holders on-chain have started to waver, and some have already begun to sell.

In the final stage of the bear market, buy the dips, inside the green boxes.

The bull market is still going. There’s no reason to be pessimistic.

Crypto theft by hackers is inherently unpredictable. At a moment like this, no matter how much technical analysis you do or how much on-chain data you look at, none of it is reliable.

Binance had over $5 billion worth of coins stolen. That selling pressure wasn’t supposed to be in the market right now. The hacker’s move has thrown the whole script into chaos.

Bitcoin is actually doing okay; Ethereum will be a bit weaker.

The hacker is using USDT as collateral to get ETH, because ETH can’t be frozen, and hackers have always been fond of it. Their methods in previous incidents were similar.

As for timing, we’re in the early stages of a bull market, and buying demand is strong. It won’t be long before the price returns to $80,000, but many people’s positions will already be gone.

If you lived through 10/11, you’ll realize that today’s drop is really nothing. If this much volatility is enough to liquidate you or cut your position in half, you should take another look at whether you’re using too much leverage.

Ah! But just what kind of massive rally would it take to make up for all the turmoil the bulls have endured along the way?

Bitget was hacked just recently, and today Binance was hacked too.

In the AI era, the security of users’ funds has become the biggest uncertainty.

Blockchain technology is already relatively secure compared with the banking system, yet even it can be breached. Where should we keep our assets to ensure they’re safe in the future?

Food for thought…

Mark my words, tonight is the low point.

A sneak attack?

$BTC After Bitcoin tested the FOMC highs, traders in the derivatives market started closing positions again.

Until it can hold above 81,800–82,200, it’s just endless chop, which will wear out anyone trading the long-term trend.

We’re already hearing people say that as long as Bitcoin goes up, blindly shorting it is easy money.

The big players are conditioning retail traders to think bearishly, while building up more fuel and preparing for the next rally.

I don’t have many expectations for the market ahead of the midterm elections anymore. The derivatives market keeps manipulating prices, while spot traders are accumulating on dips.

$BTC Bitcoin—no more tricking people into sex, okay? 🥹🥹

$BTC Every time the price dips below 80,000, an invisible hand on Binance is propping it up with spot buying 🤔

Whales are buying, while retail investors are selling.

$BTC The on-chain data in Figure 1 also shows that with each Bitcoin downturn, buyers’ panic selling has gradually decreased.

Red represents selling at a loss, while green represents taking profits.

When Bitcoin fell to around $80,000, buyers’ selling eased, and most of the selling pressure in the market was absorbed.

There was an over-the-counter trade on October 22, but it was ultimately not dumped onto the market. This suggests that at current prices, buyers are willing to use real money to purchase spot Bitcoin.

Figure 2 shows the percentage of the top 100 major altcoins trading above their 200-day moving averages.

A while ago, altcoins surged strongly, with cumulative trading volume at its peak reaching three times that of Bitcoin. The percentage of altcoins showing strength exceeded 80%, even surpassing 2023 levels.

Now the market is gradually cooling, with that figure falling to 66%, suggesting that the market is returning to rationality.

$BTC The daily resistance is still at the POC of the 83800–84500 consolidation range, where price has been rejected six times.

But in a bull market, resistance levels get broken. Even if there’s a brief opportunity to short, I wouldn’t take that risk. After all, the higher time frame is still bullish, and using low leverage to go long is the prevailing theme in the current market.

$BTC This morning’s drop was mainly driven by derivatives; there wasn’t much selling in the spot market.

Also, open interest kept rising as prices fell, suggesting that many traders in the market were starting to aggressively chase the downside.

Sentiment here is even worse than it was at 62,000. The area around 80,000 has been tested repeatedly: bulls can’t hold on to their long positions, while bears have become much more aggressive. But without substantial selling pressure in the spot market, bears can’t push prices much further down.

With every dip, bears in the derivatives market try to make less-convicted spot traders give up their coins, forcing prices lower. But each time, derivatives bulls and spot traders keep buying, pushing prices back up.

Market positioning is extremely intense ahead of the election. Remember to keep your leverage low.

$BTC works every time, really.

$BTC Is the outside market currently bullish or bearish?

Some people think I post so much because I’m after the mining rewards.

In reality, the daily mining rewards aren’t even enough to pay for one meal, let alone cover my account’s funding fees. The second image shows the funding fees for one month.

I’m simply a chatterbox with an overwhelming urge to share.

While giving everyone a massage, I’m giving myself one too 🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️

$ETH Ethereum also has large spot sell orders in the 2500–3000 range, using exactly the same tactics as Bitcoin.

This has already attracted a large number of short positions. Technically, the price is also below the daily SMA50 and EMA50, its exchange rate against Bitcoin is weak, and retail participation is relatively high, with many people opening short positions.

Once these spot sell walls are pulled, a short squeeze could drive the price to break strongly above the 0.5–0.618 zone. You know what would happen then.

There’s plenty of fuel already waiting to go—just waiting for the spot market to light the fuse. I’m getting more and more excited about what’s coming next 😀😀😀

$BTC was canceled.

How can people who keep saying “I feel” ever trade well?

“I feel like it’ll go down.”
“I feel like it’ll go up.”
“I feel like it can’t go any higher.”

If your gut feeling is so damn good, have you made any money?

Your feelings are all traps set by the big players, and you’re the sheep jumping right into them.

I’ve laid all the data and historical backtests on the table. And you, my friend...

You’re still going by your feelings 🙂‍↔️🙂‍↔️🙂‍↔️

$BTC Someone has placed a $38 million spot sell wall around 82,500 on Binance. This order is most likely in preparation for the FOMC meeting.

The order has been sitting there for over four days. Once the price starts to rally, the sell wall will be canceled quickly. This level also happens to be a four-hour bearish FVG and the upper boundary of a descending channel.

A lot of shorts will surely set up positions here. If the sell wall is canceled the moment the price approaches it, those who entered short positions here will become fuel for the rally.

Let’s wait and see what happens 🤫🤫🤫

$BTC When you're at a loss for words, you're really at a loss for words 😅😅

$BTC A major move in Bitcoin is coming. First, the conclusion: I’m bullish.

For some time, Bitcoin has been stuck around $80,000, wearing both bulls and bears out. It can’t seem to fall any further, but it can’t rise either.

Yet open interest has been gradually increasing. The big players have finished building their long positions, while retail traders have kept adding shorts above $80,000. Once spot selling pressure has been exhausted, all it will take is for ETF spot demand to start picking up—and you know what happens next.

When the price fell below the 50-day EMA, I saw panic everywhere in the market. Some people were even saying the bear market was about to return. That’s absurd.

In November, we’ll see a short squeeze. Bulls waiting for the perfect entry—say, $75,000 or even lower—will be left far behind, unable to get on board during the squeeze. They’ll then start trying to short the rallies, only to get stopped out or liquidated.

$88,000 will arrive sooner than I expect. The next target after that is $93,000–$94,000.