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$BTC The price has been on a continuous downtrend, hitting 61000, seemingly reacting to the Fed's expectation of a 618 tapering. Once it breaks below 60000, Bitcoin will ring the death knell for this round of speculative bubble in the US stock market.
Brother Feng's current BTC price action, for reference only (Feng's recent win rate has been pretty solid, so you might want to keep an eye on this) Current Bitcoin price at 63400 for a short long Stop loss: 61500 Take profit: 67800 Normal position entry...$BTC
The next move for $LAB is already set, as it’s following the exact same path as $RAVE . Both have: insane hype A vertical 100x pump from the lows A direct crash in the $27–$28 zone
$LAB is just providing a second chance to cash in on massive gains during the downturn.
The World Cup is coming up soon, and watching market trends during the tournament can be pretty dull. Everyone knows that right around the World Cup, the market usually takes a dive. This is common knowledge, and while it might not be as interesting as all those so-called insider trading tips, at least it's something to talk about. Unlike those boring insiders, during the 2022 World Cup, Bitcoin was in a steady downtrend, but thankfully it later kicked off an epic bull run~$BTC #微策略购入16亿美元BTC
Stay away from meme coins, stay away from meme coins, $LAB is a very clear example, it can crash from 28.24U to 4.6U in a blink.
Then it shot back up from 4.6U to the current 15.47U, this round has completely wrecked both longs and shorts, and I can't imagine how many people went bankrupt.
The market makers have hundreds of ways to take you out, don’t get cocky just because you lucked out and made a bit; hitting a zero can happen in an instant.
If the price drops to 1u at unlock, the KOL round still nets a 50x profit,
If it drops to 0.1u at unlock, the KOL round still has a 5x gain,
So no matter what, as long as KOLs don't panic sell,
They're sitting on a fat bag,
But if some greedy KOLs start to hedge,
They could end up giving back all their gains.
Because the whales hold over 95% of the tokens,
They can keep the price at a high level without cost, or even pump it higher,
But hedgers pay a 1% funding fee every hour, theoretically after 4 days, the hedged position could be eaten away by the fees,
So how long LAB lasts really depends on how many people are hedging,
If more and more people hedge, they'll keep racking up those funding fees at high levels,
In the next few days, we might see another rapid drop, aimed at tricking hedgers to fall for it,
Then the whales continue to feast on the hedged positions with those hefty fees,
Conversely, if there are more longs, the whales will keep dumping tokens to crash it down.
No matter how it goes, the whales are profiting big time.
Some KOL bought 1 million LAB at 0.02u, total cost is actually 20k u, now floating a profit of 18 million u, and let's see how much they can make after the unlock in August. $LAB
$LAB is a classic case of using unlock strategies to short and hedge, endlessly stretching your capital. If you check out the funding fees, it can easily rack up to a daily 70% on funding expenditure. So, when you short, your principal gets hit first instead of betting on your liquidation price. The bears are just grinding their teeth in frustration, with a bunch waiting to unlock but unable to sell. The only option is to short, which ends up tying up multiples of your capital in funding fees. The only takeaway is that this trader has an uncanny grasp of the data, pinpointing explosions. Pure scam operation.
Trader's multi-coin strategy below zero: $ETH : Short at 1866-1888, still aiming to take profits around 1818. If we break 1800, then watch for 1738 and 1712.
For low longs: 1738-1712, with a stop loss at 1670. Take profit TBD.
$BTC : Short at 67250-67650, with a stop loss at 68000. Take profit at 65755-65086.
For small position long at 65086-64666, with a stop loss at 64000. Take profit TBD.
$SOL : Long at 70.86-68.65, with take profit at 74.5-77.5. Stop loss at 66.
Bitcoin is acting crazy, it weakly bounced to 68100 and then continued to drop!
I initially predicted Bitcoin would bounce around 68500 before heading down, but the price action was weaker than expected. It looks like Bitcoin needs to dip directly to the Fibonacci retracement level of 0.786, around 65000, before we see a small bounce.
Bounces are just opportunities to escape and to short, because 60000 is waiting for Bitcoin, and 45000 is just around the corner, waiting for Bitcoin. $BTC
This wave of BTC bloodbath seems to lack the altcoin waterfall everyone expected. I think the main reasons are:
1️⃣ #OTHERSBTC The altcoin pair with Bitcoin has broken the downtrend line. 2️⃣ $BTC D Bitcoin's market dominance is plummeting.
These two points indicate that altcoins have already hit rock bottom, and funds are starting to flow back into altcoins. As long as BTC stabilizes after the dip and starts consolidating, altcoins will outperform BTC.
$LAB No major unlocks before August High chip control, just a little funding can pump it to 100 What's even scarier is that the whale has a performance schedule that lasts for two more months Stop thinking about going short all day; the fees alone can wipe you out
The big spender's long strategy for BTC, just for reference $BTC Direction: Long Entry: 70600-69200 Stop Loss: 68500 Take Profit: 71300-72000-72700 Entry is flexible, no need to hit exact points. I'm going long because we're testing the 70000 psychological level, there's potential for a bounce from the lows. Recent profits have been decent, and I locked in some gains on my long position yesterday. The market seems weak now, and chasing long or short could carry some risks. Anyway, keep an eye on 71500-72000-72500 today; especially if we can't break above 71500, it's time to exit the long.
June 1st, Bitcoin BTC hit another new low again. I can't believe it, today the Korean stock market skyrocketed to a historical high. The crypto space is hitting new lows every day, it's insane; no bounce back, just continuous drops and new lows.
Just now, Bitcoin broke below 72000, already starting with 71800. 82800-71800=11000, in just over half a month, a massive drop of 11000 bucks in about 20 days. Still, globally bullish with markets surging, yet the crypto scene is tanking. This is truly the most brutal bear market ever.
Just short, don’t go long, and you won’t get wrecked. You can play however you want, do whatever you want, just don't go long. $BTC