Notice Bitcoin's weekly closing has been completed. On the last day of the weekend, Bitcoin made a retracement. Currently, Bitcoin is still under pressure from the MA5 on the weekly level, and the same goes for Ethereum. Yesterday's retracement tested the support near the monthly MA20 again. The rebound is relatively strong. It came back directly. Currently, the monthly MA20 still has hopes of supporting a strong rebound. It is expected that the weekly MA5 will not be enough to block the rebound. It looks like Bitcoin is going to retest the 100,000 mark. Summary: Focus on low long positions. Still looking at the rebound. Shenzhen Zhen Village Committee Party Branch #加密市场观察 $BTC $ETH
Notification Today is Friday, it has gone by so fast. Currently, Bitcoin and Ethereum are at the monthly MA20. Weekly MA5. Daily MA20. These support and resistance levels are still functioning. There has not been a breakthrough of the weekly MA20 yet. In fact, from the monthly perspective, it should rebound more than this. The weekly MA5 cannot be blocked. However, we need to consider the timing of entering the market. It is better to enter when backtesting the daily MA20. Currently, there is still an expectation of a rebound. Summary. Enter the market to rebound when backtesting MA20. Shenzhen Village Committee Party Branch #美联储重启降息步伐 $BTC $ETH
Notice Currently, Bitcoin has broken the resistance of MA20 on the daily level. However, it has reached the resistance of MA5 on the weekly level. There has been no breakthrough yet. The temporary rebound expectation is around this area. A breakthrough on the weekly level is needed to have a more optimistic outlook. Today is Thursday. The second half of the week has begun, so be cautious when chasing long positions. After taking profits on long positions yesterday, I haven't opened new positions. It's better to wait a bit longer. 申子辰村委党支部#加密市场观察 $BTC $ETH
Notification The big pancake tested the monthly MA20 level again yesterday. The good news is that it has temporarily held up. Currently at other levels below the monthly line. There is resistance near MA5. Now it depends on whether the strength of MA20 at the monthly line is greater than that of MA5 at other levels. If MA20 has strong power, there will be a rebound. If there is strength in MA5, there will be another dip. Looking solely from the level perspective, it is definitely the support strength of the larger level that must be greater than the resistance strength of the smaller level. Unless there are temporary special circumstances, the MA20 at the monthly level should be able to hold. However, the monthly line is still in a bearish trend. After the rebound is completed, there will be a new wave of dips that break through the monthly MA20. This also fits the general script of rebounding first and then dipping down through the entire K-line of the monthly line. Ethereum synchronizes with the big pancake. Shenzi Chen Village Committee Party Branch #加密市场回调 $BTC $ETH
Notice Yesterday it was mentioned that Bitcoin and Ethereum's monthly charts do not look good. The monthly price still appears bearish. This morning, as soon as the monthly chart closed, it directly dropped. From today’s perspective on Bitcoin and Ethereum’s monthly charts. Currently, Bitcoin is still above the monthly price ma20. Ethereum has broken below ma20 on the monthly chart. Based on past experience, Bitcoin tends to be stronger than Ethereum. If Bitcoin breaks ma20, Ethereum will have to break ma60. Looking at the monthly chart macd for Bitcoin and Ethereum, December is still an adjustment month, and the downward trend has not ended. Another point is that the year-end is approaching, and market makers and funds need to settle accounts. In summary, the village chief still holds a bearish view for December. The main focus is on shorting. It is expected that Bitcoin will not be able to hold above ma20. 申子辰村委党支部#加密市场观察 $BTC $ETH
Notice Today marks the end of 11 months since the past 1. Tomorrow will collect weekly and monthly lines. The price of Bitcoin will likely settle around 90,000. Looking at Bitcoin's monthly line, the MACD turning point has just emerged downwards. Therefore, the probability of a direct pullback in December is not very high; further adjustment and fluctuation are needed. Ethereum's monthly line is the same. Both Bitcoin and Ethereum are near the monthly MA20, temporarily receiving support. However, due to the MACD on the monthly line, the MA20 may not be able to hold in the next month. On the 28th, the People's Bank of China will hold a meeting to coordinate efforts to combat virtual currency trading speculation. This can basically be seen as an official announcement signaling the end of the bull market. Summary: Currently, the village chief does not believe the adjustment has ended, and further downward adjustment is needed in December. Focus on finding high points for shorting. 申子辰村委党支部 #加密市场观察 $BTC $ETH
Notice Trump is online urging Uncle Long to hurry up and perform in Rush Hour 4. I am also looking forward to it. The US stock market had a violent rebound yesterday. Bitcoin and Ethereum also rebounded a bit. However, Bitcoin has resistance starting from the 3-day moving average. Ethereum has resistance at the 5-day moving average at ma120. The monthly line is also about to close. There is nothing particularly favorable that can directly break through the market. The village chief thinks Bitcoin will fluctuate around 90,000. Ethereum will similarly fluctuate around 3,000. Shen Zichen Village Committee Party Branch #加密市场反弹 $BTC $ETH
Notification Yesterday, Trump finally received the call regarding the preliminary ceasefire between Russia and Ukraine. After so many years of conflict, funds from the US stock market and cryptocurrencies are expected to flow back to Europe, and Ukraine is looking to buy at the bottom. Therefore, the current situation for cryptocurrencies and the US stock market is really not very optimistic. At present, there is still a demand to make a slight peak, and the return of funds will also take time. In the short term, we will continue to rebound around the monthly MA20 support. Ethereum is synchronized with Bitcoin. Shenzhen Zichen Village Committee Party Branch #加密市场反弹 $BTC $ETH
Notification Bitcoin is currently supported near the monthly MA20. The daily line also closed with a long wick. The rebound is relatively good. Overall, considering that there are only a few days left to close the month, the probability of a significant drop at the end of the month is low. Therefore, the main strategy is to take low long positions for rebounds. Ethereum synchronizes with Bitcoin. Shenzhen Zichen Village Committee Party Branch #加密市场回调 $BTC $ETH
Notice The end of the month is here. How much further can it fall? Currently, Bitcoin has tested near the monthly MA20 line, which is a strong support. Additionally, the end of the month will close the monthly line. It should stop falling and start rebounding to form the monthly line. Ethereum is synchronized with Bitcoin. Therefore, in the short term, it is possible to bottom fish for a rebound. The village chief believes there is still a chance for a second peak. Looking back at past bull markets, there is usually a second peak. This will also coincide with the arrival of altcoin season. The second peak will not last too long, just a few months. Remember to run when the second peak occurs. 申子辰村委党支部#加密市场观察 $BTC $ETH
I don't want to analyze the recent market anymore. It just keeps falling without a decent rebound. The US stock market opens and falls along with it. I'm losing a lot. I'll analyze it when the market hits the bottom. #加密市场回调 $BTC $ETH
The market is very poor. The monthly line is still very dangerous. From the monthly line perspective, a significant rebound will only occur near 72000. For now, short positions are still dominant. #加密市场回调 $BTC $ETH
The large pancake's Ethereum weekly line has completed, and half of this month has passed. Currently, it seems that Ethereum is still supported above the quarterly line.
For the large pancake's Ethereum daily line, there is hope for a rebound. The stochastic oscillator has reached the turning area.
However, even after the rebound, the outlook remains pessimistic. From the MACD perspective, the monthly line adjustment is still far from over. #加密市场回调 $BTC $ETH
The large pancake Ethereum is currently only temporarily adjusting from a higher level bullish trend. As long as the large pancake does not drop below 72000, Ethereum does not drop below 2000. The higher-level trend is still intact. Currently, in the short term, there is still a risk of decline. After all, the integer threshold has been broken. #加密市场回调 $BTC $ETH
Now, whenever the U.S. stock market fluctuates, it releases a flood, but it does not break the quarterly moving average (MA5) support. It's still a frustrating consolidation. However, the overall trend is based on the quarterly moving average (MA5). I am still bullish. Ethereum synchronizes with Bitcoin. The village chief expects a few more months of fluctuating upward movement. #美国结束政府停摆 $BTC $ETH
Notice The Bitcoin rebound has not ended. Currently, based on the daily chart of Bitcoin, the rebound should have just begun. Of course, only a month and a half of this year has passed. It is estimated that the bear market may start in the late first quarter of next year. So there are still a few months left for a final wave of increase. Plus, it's altcoin season. The timeline is clearly arranged by the village chief. 申子辰村委党支部#加密股IPO季 $BTC $ETH