$BTC $ETH
Oct. 15 Bitcoin & Ethereum Strategy Reference
U.S. CPI came in at 3.7% last night, higher than expected, reviving rate-hike expectations and spooking the market. Over $1 billion was dumped in just two hours. Bitcoin fell below the key $82,500 level, while spot ETF funds continued to flow out. The bulls were caught completely off guard.
Things are unsettled on-chain, too: whales transferred 24,000 ETH to exchanges, significantly increasing short-term selling pressure. Another sell-off could happen at any time. But the more things look like this, the more important it is not to panic along with the crowd.
My personal take: Bitcoin could be bought on a light position near $81,500, with a stop-loss at $79,500.
For Ethereum, consider going long near $2,330, with a stop-loss at $2,280.
The risk-reward ratio at these levels is very favorable. When others are fearful, I choose to be greedy.
#比特币再次跌破8.3万美元 #以太坊跌破2500美元
Oct. 15 Bitcoin & Ethereum Strategy Reference
U.S. CPI came in at 3.7% last night, higher than expected, reviving rate-hike expectations and spooking the market. Over $1 billion was dumped in just two hours. Bitcoin fell below the key $82,500 level, while spot ETF funds continued to flow out. The bulls were caught completely off guard.
Things are unsettled on-chain, too: whales transferred 24,000 ETH to exchanges, significantly increasing short-term selling pressure. Another sell-off could happen at any time. But the more things look like this, the more important it is not to panic along with the crowd.
My personal take: Bitcoin could be bought on a light position near $81,500, with a stop-loss at $79,500.
For Ethereum, consider going long near $2,330, with a stop-loss at $2,280.
The risk-reward ratio at these levels is very favorable. When others are fearful, I choose to be greedy.
#比特币再次跌破8.3万美元 #以太坊跌破2500美元