What was said in the morning, a 90,000 order to go long can take a breakeven loss, don't forget it, already made a profit of 1,000 dollars $BTC
mystery蛋先生
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Bitcoin View: Reference 4H After a significant drop, Bitcoin is undergoing a washout and has formed a consolidation channel pattern. The strong support to watch in the short term is around 90,000. If this level is not broken, Bitcoin is expected to continue testing the 94,000 resistance, and if broken, it can look towards the 96,000-98,000 range.
One point to note is that if you placed a buy order at 90,000, your stop-loss would be around 1,000 to 1,500 dollars. This is a must; otherwise, if it breaks this level, there is a high probability of continuing to draw down.
From the candlestick perspective, the last time a breakdown created a vacuum zone, and this time the rebound has also created a vacuum zone. Therefore, the current price range of 91,000-87,000 has a vacuum zone, and we need to be cautious about this point $BTC {future}(BTCUSDT)
Bitcoin View: Reference 4H After a significant drop, Bitcoin is undergoing a washout and has formed a consolidation channel pattern. The strong support to watch in the short term is around 90,000. If this level is not broken, Bitcoin is expected to continue testing the 94,000 resistance, and if broken, it can look towards the 96,000-98,000 range.
One point to note is that if you placed a buy order at 90,000, your stop-loss would be around 1,000 to 1,500 dollars. This is a must; otherwise, if it breaks this level, there is a high probability of continuing to draw down.
From the candlestick perspective, the last time a breakdown created a vacuum zone, and this time the rebound has also created a vacuum zone. Therefore, the current price range of 91,000-87,000 has a vacuum zone, and we need to be cautious about this point $BTC
The price of U has dropped again, and here I am with 860 spot bottom positions + I am trembling with my hands full of U, already losing money without doing anything 🤡$BTC
mystery蛋先生
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Where is the bottom of Bitcoin? This is something no one can predict!!!
But looking back at the past, if we go by the saying of carving a boat to seek a sword, then starting from 86000, we can gradually buy the dip in spot trading, as historically, a drop of 32-34% has often been followed by a rebound.
From the weekly K-line perspective, 86000 serves as a support price; when it reaches 86,000, the drop approaches nearly 32%. Therefore, starting to buy the dip gradually from this area is not unreasonable.
However, this is limited to spot trading. If you think about holding high-leverage contracts for the long term, it's better to give it up, as the risks are too high. You don’t know where the bottom is; only after stepping out and looking back will you think, "Oh! That price at that time was the bottom. Why didn’t I go all in!!!"
Don’t be a person who realizes things too late, and don’t aim to buy at the absolute bottom or sell at the absolute top. Once you reach your target in your heart, you can start to gradually buy spot and not go all in; leave some positions for the worst-case scenario $BTC {future}(BTCUSDT)
Yesterday 938 opened short without leaking, instead it hit my stop-loss, today I don't dare to open, now is it going to start leaking? $BTC
mystery蛋先生
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Bitcoin View: Reference 2H Review: After multiple divergences in the last hour, I shorted Bitcoin at 938 yesterday, but it did not drop for a while. After a sudden drop at 10 PM, it was quickly pulled back, indicating that someone was supporting the price.
Looking at today, a double top + divergence has formed in 2H, but the price hasn't shown weakness. Given the current price, I won't short for now and will observe the subsequent trends.
Also, Bitcoin is stabilizing above the previous high of 930, so it's just moving sideways for now. I will hold off for further upward moves, and if there is a surge, then I will consider shorting around 975 near $BTC {future}(BTCUSDT)
Ethereum View: 2H Ethereum's performance has been stronger than Bitcoin in the past few days, so I will not participate in long positions at the current price, which is close to the 3250-3270 resistance zone.
Whether to short Ethereum depends on whether the subsequent price shows signs of weakness. Alternatively, it could be a false breakout short signal, $ETH
Bitcoin View: Reference 2H Review: After multiple divergences in the last hour, I shorted Bitcoin at 938 yesterday, but it did not drop for a while. After a sudden drop at 10 PM, it was quickly pulled back, indicating that someone was supporting the price.
Looking at today, a double top + divergence has formed in 2H, but the price hasn't shown weakness. Given the current price, I won't short for now and will observe the subsequent trends.
Also, Bitcoin is stabilizing above the previous high of 930, so it's just moving sideways for now. I will hold off for further upward moves, and if there is a surge, then I will consider shorting around 975 near $BTC
With such a large amount not continuing to fall, I turned around to hit my breakeven loss, there's nothing I can do, let's take a break and continue drinking my wine 😂$BTC
mystery蛋先生
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That's right, that's right, my friend. Just stick to your own trading system. After a whole day of effort, I can finally discuss with the brothers in the group about securing our capital. Whether we make a profit later will be left to the market $BTC {future}(BTCUSDT)
That's right, that's right, my friend. Just stick to your own trading system. After a whole day of effort, I can finally discuss with the brothers in the group about securing our capital. Whether we make a profit later will be left to the market $BTC
mystery蛋先生
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🫡If you didn't get on the bus at first, you would still get on empty now. One-hour level false breakout + volume-price divergence + RSI divergence + MACD dead cross. If it still loses, then there really is no solution. The bulls are really strong, focusing on the divergence to crush the bears $BTC {future}(BTCUSDT)
This image and this wording are clearly translated from abroad. Plagiarism is not shameful; at least, one should copy and adapt it a bit and add their own language, right?😅
🫡If you didn't get on the bus at first, you would still get on empty now. One-hour level false breakout + volume-price divergence + RSI divergence + MACD dead cross. If it still loses, then there really is no solution. The bulls are really strong, focusing on the divergence to crush the bears $BTC
mystery蛋先生
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This position has a double top + small level divergence, does it fit your trading system?
If it is yours, would you try to go short? Anyway, I will first test the waters with a small position, and if I get hit, I will accept it. It fits my trading system, if not now, when $BTC {future}(BTCUSDT)
This position has a double top + small level divergence, does it fit your trading system?
If it is yours, would you try to go short? Anyway, I will first test the waters with a small position, and if I get hit, I will accept it. It fits my trading system, if not now, when $BTC
Can't understand, don't place limit orders on the left, the current market is something I can't understand. 918 has a clear resistance signal to get in. I'm not going to waste time with it, I'm going to sleep now $BTC
mystery蛋先生
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The big pie has recovered the support at 850, and by the time I woke up it was already at 870. The risk-reward ratio isn't great, so I didn't bother getting in. I missed this long position, congratulations to those who got in.
The big pie is forming a triangle pattern, so for future short positions, it would be better to look at the upper resistance of the triangle pattern. Based on the current price, it's roughly around 918 near $BTC {future}(BTCUSDT)
Feeling really bad, old fans are always like this, as long as I play with the counterfeit contracts, they like to place orders at my stop-loss position, as long as I lose, they will pump the price 🤧$USELESS
mystery蛋先生
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useless support rebound, let's try a long position and test the waters, stop loss 0.094$USELESS {future}(USELESSUSDT)
The big pie has recovered the support at 850, and by the time I woke up it was already at 870. The risk-reward ratio isn't great, so I didn't bother getting in. I missed this long position, congratulations to those who got in.
The big pie is forming a triangle pattern, so for future short positions, it would be better to look at the upper resistance of the triangle pattern. Based on the current price, it's roughly around 918 near $BTC
mystery蛋先生
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The current rebound strength is too weak. It's fine to wait and see first if I want to exit. I plan to stay put anyway, since the stop-loss has been set, I will stick to my strategy.
If it is protected, then we will see if the Fibonacci 0.618 support can hold. If it holds, we can continue to open long positions; if it doesn't hold, it is highly likely to test $BTC again. {future}(BTCUSDT)