Today’s CPI data is coming out tonight. Oil prices in September were higher than in August, so September’s CPI month-over-month rate will definitely be higher than the previous reading. The question now is whether it will come in below or above expectations. The village chief leans toward the CPI month-over-month rate coming in somewhat above expectations, and the CPI year-over-year rate somewhat below expectations. That would make the data relatively favorable. $BTC
I closed my OP position this morning. That thing liquidated me once last time. Trading altcoins is all about risking a little for a lot. I was worried it might wick me out again, so after adding to my position, I topped up my margin a few times. I withdrew it all this morning, leaving $10,000. I opened a 300,000 XPL position and brought my liquidation price down to 0.05. XPL has been trading sideways here for ages. The longer the consolidation, the higher the breakout. If I get it right, I can build the position up again. My BTC and ETH longs are still open; I haven't exited yet. They've been ranging for ages. It's definitely going to go up. Yesterday it retested 81,500, then shot straight back up. And that rebound didn't follow the US stock market. That goes to show how strong the support at 81,500 is. After today's daily candles close, the daily charts for BTC and ETH still look decent. Let it keep ranging. The longer the consolidation, the steadier the rally will be.$BTC
I woke up this morning to a disaster. Bitcoin and Ether damn well dropped back again. U.S. stocks were weak yesterday, and U.S. stock futures are still falling in early trading today. But fortunately, after today's daily candle closed, Bitcoin was still above 81,500, and after that wick down, it has already bounced back to 82,000. Bitcoin and Ether bounced back before U.S. stock futures did. Lately, the main risk for Bitcoin and Ether has been tied to U.S. stocks. When U.S. stocks fall, it's hard for Bitcoin and Ether to rise, too. Right now, U.S. stock futures have strong support around the 30,000–30,500 level. I don't think U.S. stocks will fall much further. We're already almost halfway through the month. The first half of the month has been choppy and trending downward, so the odds of a choppy upward trend in the second half are increasing. The 81,500 level is still strong support; it's held several times. I'm confident it can hold this time too.$BTC
Looking at the monthly liquidation map, there aren't many liquidations around 85,000. Most of them are concentrated around 88,000. And the 85,000–81,000 range has already been liquidated. Now price should move up to liquidate the positions around 88,000. The big players are repeatedly harvesting liquidity. $BTC
BTC weekly candle close Long positions are still open Still looking good At the very least, price is still above 81,500 As long as it's above 81,500, the bulls are in a strong position If 81,500 holds, it has to head toward 90,000 Sticking with the bullish view On the weekly timeframe, price is currently around the weekly MA5 and MA62 The consolidation here should be about over A new wave of gains should be coming soon U.S. stocks also had a week of correction last week After this week's Nasdaq futures closed the weekly candle, support has now moved up U.S. stocks are expected to break to new highs again The only risk ahead is Trump's midterm election, and that's still some time away The Fed's rate hikes currently have a limited impact on the market Because there haven't been many hikes The dot plot shows only one more hike, so this can be seen as positive The only potential negative factor may be Trump's midterm election The market is currently stable and trending positively BTC is currently around 83,500 ETH is around 2,550 Expect a bit of consolidation Then it's set to take off Because many altcoins' 3-day charts are already gearing up to break out Markets usually move in sync When it happens, they all move together $BTC
Yesterday, I said a lot of altcoins looked ready for a pump on the 3-day chart A lot of altcoins pumped yesterday BTC and ETH will pump too It’s the weekend—the usual choppy trading period It’ll all happen It’ll all come back 81,500 is a key level for BTC As long as this level holds We could see 90,000 or even 95,000 $BTC
Switched gears and went for the big-bread ETH Lost big Damn it Yesterday I squeezed back a mouthful of blood A small bite The big-bread ETH has been bleeding lower continuously for 2 days Yesterday the big-bread did a retest of support at 81500, with the lowest falling to 80300 But after the line closed this morning, the price went back above 81500 So this support below 81500 is still valid for now As for ETH, it directly broke through 2500 Sigh—it's still better to do less ETH; the most painful thing is ETH Even the altcoins are more resilient than ETH ETH has retested the 3-day MA120 At present, judging from the 3-day line pattern It still looks like a pump-up setup Once this pullback ends, it will start a new upswing This pullback is basically what kills longs In a normal situation, if 85000 holds horizontally, it should start pumping But unfortunately it didn’t hold A pullback followed by an upswing is healthier for the market That’s a good thing Right now I’m still firmly bullish Many altcoins also have good setups on the 2-day and 3-day lines; they’re all pump-up patterns This pullback is good Once it stretches up, it gets even more brutal Firmly bullish—this is good $BTC
The National Day holiday is over. Today also marks the official start of the Wu-Xu month. Bitcoin and Ethereum both pulled back quite a bit yesterday. Ethereum in particular flash-crashed by over 100 points. Bitcoin also had a considerable pullback. Ethereum has now pulled back right to the 78.6% Fibonacci level. Bitcoin is still some distance away from the 78.6% Fibonacci level at 81,500. But Bitcoin is currently near support at the weekly MA5. It had initially moved above 85,000 on the weekly chart, but has since fallen back below it. Looking at the weekly chart, the outlook is still bullish. It will reach around 90,000. On the daily chart, it’s simply a matter of forming a new structure. The most likely new daily-chart structure for Bitcoin and Ethereum is still a W. This area is also strong support for Bitcoin and Ethereum. As I said, as long as Bitcoin doesn’t break below 81,500, it will reach 90,000.$BTC
I bought 5 Bitcoin at 10,000 USDT each. It kept falling after I bought them. I got out when it was at 8,000 USDT each. Then it kept falling for over a month, down to 4,000 USDT each. I gave myself a big pat on the back. Good thing I got out fast. That was in 2020. $BTC
Report a good piece of news to comrades On the morning of October 5 at 8:00 a.m. The weekly big cake Ethereum closed its line It has officially broken through 85,000 That resistance has been dragging for a long time, and it finally broke through The resistance above is around 90,500 I’ve been telling everyone all along that if 81,500 doesn’t break, then it’s definitely going up Right now, 85,000 has been broken through Support and resistance have swapped What used to be resistance is now support Something big is coming Something big is coming again Welcome your King $BTC
Good thing yesterday’s big cake/ETH too many singles; some of them have already been run out from the high position. Damn it, it’s drawing the door again. Yesterday I also added 250k OP. OP is just like it’s dead—damn it. It’s the weekend again; still during the National Day holiday. ETH currently still wants to go up, but it has to build structure on a smaller timeframe. Make a triangle, or go for a sweep/“达不溜”. The bigger timeframe definitely needs to go up. It’s just that on the smaller timeframe it’s still dragging—washing and range trading/negotiating. Have patience. If the main force doesn’t pull the price, then it won’t leave. $BTC
These days really are pure torture—I mean, do you know how I’ve gotten through these days? I’ve been holding this long position for almost 2 weeks now. It’s a heavy position. When the price suddenly pumped at noon today, I sold all the added shares. Damn it. It grinds you to death.$BTC
In just a few days, we’ll enter the 戊戌 month. 戌土 is the “overheated fire storage.” We gather the fire energy from the years of 丙午. The fire energy becomes more condensed. Then metal and water rise upward. If the financial market isn’t affected by countering conditions, it will get much better. For the big meme/“big cake” and Ethereum, today after the line is finished, the daily chart looks much better than the past few days. The daily charts from the previous few days really were uglier. It can’t go up, and it can’t go down. So we can only find comfort for the bulls from the larger timeframe. Now looking at the daily chart, after today closes, the big cake/Ethereum line has been pulled back again—ma5 and ma10. Although it still hasn’t broken through 85000, where the weekly chart ma62 and ma120 are, it also looks better than the past few days. We expect it won’t be stagnant for long. There’s a high probability that if this week doesn’t pull down, then next week it will pull up—$BTC
The big pancake is finished wrapping the monthly line. From the monthly chart, this month the big pancake and Ethereum should also rise. On the monthly timeframe, the MACD fast line and slow line are near the zero axis and have turned upward. MACD also needs to move to the turning point. The stochastic oscillation indicator is also pointing upward. On the monthly timeframe, MA5 and MA10 have a golden cross. Just looking at the monthly chart alone, the probability of the October candle closing bullish is very high. In the past few days, I’ve been saying this too. The weekly chart also needs to go up. As long as the big pancake at 81500 doesn’t break, it has already been consolidating long enough—once it’s done, it will pull up. My current view remains unchanged. For October so far, I still expect a bullish trend: $BTC
Happy National Day I’m already in National Day mode Tomorrow morning at 8:00, the big pie Ether will be finished with the monthly line Right now, the big pie is still oscillating around 83,500 In short, I’m just getting shaken numb It’s been almost 10 days of this consolidation My view remains unchanged The level at 81,500 is very hard to break There are multi-level supports Up until now, during this consolidation, 81,500 hasn’t even been touched The bulls’ ability to control the market is still very strong Yesterday I said that This consolidation and shakeout is to shake out the not-so-firm longs Once everyone flips to short, it’ll be a pump Happy National Day everyone $BTC
Washout Wash away the wavering ones Turn the wavering longs into shorts Reinforce the existing shorts Finally, pull the market up to trap the shorts in one net$BTC
The monthly chart is about to close. US stocks are also dragging. The whole market is stalling. It also won’t go down. And it won’t go up either. When it can’t go down, the BTC “divergence” is essentially going sideways instead of dropping. Once the sideways range is enough, it will naturally pull up. BTC’s key level is 81500. If 81500 isn’t broken, it will still go to 90000. Be patient and wait. $BTC
The weekly chart “big pancake” has finished its line. There are still a few days left to close the monthly line. So the market is relatively sluggish/hesitant. From the weekly chart alone, the big pancake will definitely need to rise. The indicators below the weekly chart— although it hasn’t broken through the resistance range of MA120 and MA62— the moving-average structure, the MACD fast/slow lines, and the random oscillation indicators all point to a bullish trend that hasn’t finished yet. The key support on the weekly chart is currently around 81500. The support of the 5-day line is also around 81500. This pull-up still has some minor bearish divergence overall. So during consolidation and repair, looking at the 3-day line, there is also an MA5 moving-average support around 84000. So the 84000 to 81500 range can be regarded as a strong support zone for the big pancake. Ethereum’s pattern is similar to the big pancake. You can basically follow the big pancake’s signals for it. So overall, the market outlook is still bullish $BTC $BTC