9.12 BTC/ETH Market Viewpoints:
Yesterday’s Friday trading was truly full of twists and turns. First, after the CPI data was released, BTC was jabbed down to the 76,000 low. Then, a powerful “v” move pushed it up to 79,800. Especially for ETH—it was even stronger, directly rallying to the 2,666 high. Even the “#2” was that aggressive, so everyone thought the “#1” was about to launch as well. It’s likely there were plenty of people chasing longs around the 79,000 area. In the second half of the night, it then dropped like an “inverted V” to 76,800, climbed back up by 3,800 points, and then got smashed down another 3,000 points—whipsawing the people who were chasing and cutting positions, playing the classic “monkey trick.” It really was quite exciting! However, behind every liquidation account, people often aren’t completely to blame. If you only place trades based on instinct—when it goes up you chase longs, when it goes down you chase shorts—then eventually your account being wiped is just a matter of time. This approach might truly only be suitable for opening positions around midday…
Zhong Liang provided the long-bias plan all the way, emphasizing that as long as BTC hasn’t broken below 75,000, the long-side structure won’t be damaged. The PPI pullback on Thursday was also a reminder for entering longs: the 77,000 long, and for ETH, entering long at 2,420. This leg of the long was indeed comfortable to hold and profit from. The short position on Wednesday at 79,500 and the entry at 2,510—short first at the high, then long at the low—connected seamlessly. At midnight, he also gave everyone the idea to keep setting up and positioning for longs at lower levels: 77,000 offered the chance to board, and around 2,500 also provided an opportunity. If you still have longs in hand, you can continue holding them.
The thinking remains focused on going long on dips. Although next week’s Fed rate-cut news is being fermented and driving sentiment, it still can’t change the fate of a strong bullish trend. Only small pullbacks for short longs, and big pullbacks are what bring big profits!
For BTC support, continue to watch 77,000 and 76,000. The main positions can be engaged around these levels. On rebounds, watch for resistance around 78,000–79,000–80,000.
For ETH support, watch 2,500 and 2,450. The main positions should be light and engaged around these levels. On rebounds, resistance is around 2,550–2,600–2,650.
Market movement is never about chasing longs after it has already risen—you need your own logic for opening trades. When it’s rising, what you need to consider is whether to reduce long positions, take profit, where the resistance lies, whether a pullback is needed, and whether it’s worth betting on that retracement. When the retracement comes, where the support appears can be a place to try going long. #全网爆仓6.74亿美元
Yesterday’s Friday trading was truly full of twists and turns. First, after the CPI data was released, BTC was jabbed down to the 76,000 low. Then, a powerful “v” move pushed it up to 79,800. Especially for ETH—it was even stronger, directly rallying to the 2,666 high. Even the “#2” was that aggressive, so everyone thought the “#1” was about to launch as well. It’s likely there were plenty of people chasing longs around the 79,000 area. In the second half of the night, it then dropped like an “inverted V” to 76,800, climbed back up by 3,800 points, and then got smashed down another 3,000 points—whipsawing the people who were chasing and cutting positions, playing the classic “monkey trick.” It really was quite exciting! However, behind every liquidation account, people often aren’t completely to blame. If you only place trades based on instinct—when it goes up you chase longs, when it goes down you chase shorts—then eventually your account being wiped is just a matter of time. This approach might truly only be suitable for opening positions around midday…
Zhong Liang provided the long-bias plan all the way, emphasizing that as long as BTC hasn’t broken below 75,000, the long-side structure won’t be damaged. The PPI pullback on Thursday was also a reminder for entering longs: the 77,000 long, and for ETH, entering long at 2,420. This leg of the long was indeed comfortable to hold and profit from. The short position on Wednesday at 79,500 and the entry at 2,510—short first at the high, then long at the low—connected seamlessly. At midnight, he also gave everyone the idea to keep setting up and positioning for longs at lower levels: 77,000 offered the chance to board, and around 2,500 also provided an opportunity. If you still have longs in hand, you can continue holding them.
The thinking remains focused on going long on dips. Although next week’s Fed rate-cut news is being fermented and driving sentiment, it still can’t change the fate of a strong bullish trend. Only small pullbacks for short longs, and big pullbacks are what bring big profits!
For BTC support, continue to watch 77,000 and 76,000. The main positions can be engaged around these levels. On rebounds, watch for resistance around 78,000–79,000–80,000.
For ETH support, watch 2,500 and 2,450. The main positions should be light and engaged around these levels. On rebounds, resistance is around 2,550–2,600–2,650.
Market movement is never about chasing longs after it has already risen—you need your own logic for opening trades. When it’s rising, what you need to consider is whether to reduce long positions, take profit, where the resistance lies, whether a pullback is needed, and whether it’s worth betting on that retracement. When the retracement comes, where the support appears can be a place to try going long. #全网爆仓6.74亿美元
