A quick weekend recap
With the market falling further during the morning session, Bitcoin has erased all of its gains for 2026. It has essentially gone nowhere this year, with nothing to show for it;
The current price is also within the 80% trading range for all of 2024. That means the market has made no progress over the past three years. Although a new all-time high was reached, almost all of the gains from the past three years have now been erased;
At this point, Bitcoin will either form a bottom for the next 2–3 years, or we’ll return to the panic of late May and June, when people were worried it would plunge again to $40,000–$50,000 or even lower!
Altcoins are in an even worse state: over the past three years, aside from a few that rebounded alongside Bitcoin, 95% of them have been heading toward zero;
Since late October, there have been gains and losses, but overall profits have taken a sharp hit. I don’t hold many altcoins, but I’ve held spot positions in Bitcoin, Ethereum, exchange tokens, and others for three years already. Combined with the positions I recently added, the drawdown has really hurt;
The only thing we can do is manage our position sizes and adjust our mindset;
The market has reached another make-or-break moment. Hang in there. Buy spot in batches as planned, while others are selling at any price. Just remember not to go all in on the first buy;
BTC support/resistance: 75475/67135/59800
One of my long positions from last night was stopped out. I’ll pause futures trading for the weekend for now. At the current spot price around 66800, you can build your position to 40%;
ETH support/resistance: 2010/1910/1835/1775
You can build your spot position to 60%. If it falls below 1500, I’m preparing to go all in;
This trading suggestion is not a basis for any investment decision: I’ll stay out of gold and U.S. stocks for now over the weekend, and focus on picking up cheap chips in my usual market!
#BTC破位
With the market falling further during the morning session, Bitcoin has erased all of its gains for 2026. It has essentially gone nowhere this year, with nothing to show for it;
The current price is also within the 80% trading range for all of 2024. That means the market has made no progress over the past three years. Although a new all-time high was reached, almost all of the gains from the past three years have now been erased;
At this point, Bitcoin will either form a bottom for the next 2–3 years, or we’ll return to the panic of late May and June, when people were worried it would plunge again to $40,000–$50,000 or even lower!
Altcoins are in an even worse state: over the past three years, aside from a few that rebounded alongside Bitcoin, 95% of them have been heading toward zero;
Since late October, there have been gains and losses, but overall profits have taken a sharp hit. I don’t hold many altcoins, but I’ve held spot positions in Bitcoin, Ethereum, exchange tokens, and others for three years already. Combined with the positions I recently added, the drawdown has really hurt;
The only thing we can do is manage our position sizes and adjust our mindset;
The market has reached another make-or-break moment. Hang in there. Buy spot in batches as planned, while others are selling at any price. Just remember not to go all in on the first buy;
BTC support/resistance: 75475/67135/59800
One of my long positions from last night was stopped out. I’ll pause futures trading for the weekend for now. At the current spot price around 66800, you can build your position to 40%;
ETH support/resistance: 2010/1910/1835/1775
You can build your spot position to 60%. If it falls below 1500, I’m preparing to go all in;
This trading suggestion is not a basis for any investment decision: I’ll stay out of gold and U.S. stocks for now over the weekend, and focus on picking up cheap chips in my usual market!
#BTC破位
