Shu Qin’s Market Analysis: A plunge of 8,000 points! Is Bitcoin’s bull market still on? What should you do now? Let’s take a look.
1. First, the bottom line: This is your last chance to get on board! You should know that Bitcoin surged from 60,000 to 87,000 in a short time—a full 40% gain! Now, it took several pieces of bad news to finally bring about a healthy 10% correction and a pullback. So what comes next? Where will Bitcoin go from here?
2. Don’t worry about the big picture—it’s definitely going up! My outlook remains bullish, with a target of 150,000–200,000 within two years. In the short term, Bitcoin may resume its climb before the Fed’s rate decision meeting at the end of the month. That makes the second half of October a very promising window. I’m not saying it’ll break its previous high, but I think a decent rebound is at least quite likely!
3. So what to do now is pretty clear: Since it’s bound to rise over the long term, we’ll keep holding our spot and 2x leveraged long-term positions and wait for the outcome we’re confident in. For short-term positions, enter at support and aim to catch at least one rebound.
4. As shown in the chart, Shu Qin had everyone go long at Bitcoin’s 80,500 support level. I’ve posted this level several times before, and mentioned it again yesterday afternoon. The plan was ready in advance, so when the opportunity came, we acted. And once Bitcoin reached its target, coins like SOL and ETH did too and began rebounding. In Chart 2, Shu Qin had gone long on all of them yesterday and early this morning, and now you can take some profits.
5. Besides that, our first dip-buying level was 82,500, and we’re not losing money there now either—it’s back to that level! So we made money at 80,000 and broke even at 82,500. If you’re feeling the squeeze on your short-term positions, you can take some profits and see whether there’ll be a second dip before we go again! For long-term positions, just hold on tight. We’re locking in financial freedom two years from now, okay?
6. Shu Qin’s crypto-trading secret comes down to a few words: Sell when everyone is euphoric; buy when nobody cares. Earlier, when Bitcoin was at 87,000 amid the China–U.S. summit and the market was surging, we exited at the highs and took profits on our short-term positions. Then we set up a strategy to enter in stages at 82,500 and 80,500. Doesn’t it look like that worked out pretty well? So just follow my lead when trading crypto. Let’s keep at it together! #BTC #ETH #SOL #Futures
1. First, the bottom line: This is your last chance to get on board! You should know that Bitcoin surged from 60,000 to 87,000 in a short time—a full 40% gain! Now, it took several pieces of bad news to finally bring about a healthy 10% correction and a pullback. So what comes next? Where will Bitcoin go from here?
2. Don’t worry about the big picture—it’s definitely going up! My outlook remains bullish, with a target of 150,000–200,000 within two years. In the short term, Bitcoin may resume its climb before the Fed’s rate decision meeting at the end of the month. That makes the second half of October a very promising window. I’m not saying it’ll break its previous high, but I think a decent rebound is at least quite likely!
3. So what to do now is pretty clear: Since it’s bound to rise over the long term, we’ll keep holding our spot and 2x leveraged long-term positions and wait for the outcome we’re confident in. For short-term positions, enter at support and aim to catch at least one rebound.
4. As shown in the chart, Shu Qin had everyone go long at Bitcoin’s 80,500 support level. I’ve posted this level several times before, and mentioned it again yesterday afternoon. The plan was ready in advance, so when the opportunity came, we acted. And once Bitcoin reached its target, coins like SOL and ETH did too and began rebounding. In Chart 2, Shu Qin had gone long on all of them yesterday and early this morning, and now you can take some profits.
5. Besides that, our first dip-buying level was 82,500, and we’re not losing money there now either—it’s back to that level! So we made money at 80,000 and broke even at 82,500. If you’re feeling the squeeze on your short-term positions, you can take some profits and see whether there’ll be a second dip before we go again! For long-term positions, just hold on tight. We’re locking in financial freedom two years from now, okay?
6. Shu Qin’s crypto-trading secret comes down to a few words: Sell when everyone is euphoric; buy when nobody cares. Earlier, when Bitcoin was at 87,000 amid the China–U.S. summit and the market was surging, we exited at the highs and took profits on our short-term positions. Then we set up a strategy to enter in stages at 82,500 and 80,500. Doesn’t it look like that worked out pretty well? So just follow my lead when trading crypto. Let’s keep at it together! #BTC #ETH #SOL #Futures