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Still talking about shorting? The trend line has been broken. If we don't see a significant dip on the 29th, we might be looking at a bullish run leading up to May Day. Bitcoin and Ethereum are both in the same boat.
The 29th is a pivot day, but I don't think we're going to see a drop. We're bullish. Guys, it's time to get hyped up!
There is a priority in learning, and each field requires specialization! Hello everyone, I am also Ye Ge. The video is long, but the words are quite sincere, so please watch it patiently! Bitcoin is testing the 4H channel support again; can it stabilize here during the day? To be honest, no one knows if it can stabilize; if someone can give a definite answer, they are just bragging [Haha] I can only say that this position can be tried with defense; if it stabilizes, won't space open up above! Personal suggestion, for reference only! Like-minded individuals can follow along; market conditions fluctuate in real-time, so remember to maintain good defense! #BTC走势分析
Last night I mentioned that Bitcoin would experience a roller coaster market, just as I said! In the early hours, Bitcoin pulled back and made a "V" shape reversal.
The market has returned to the original point of yesterday, the price remains unchanged, but some people's positions have changed. [HaHa]
From a short-term trend perspective, this wave of rise hasn't ended yet, currently facing resistance at 70800, with resistance above at 72300-74000. However, it is worth noting that if the short-term trend breaks, the momentum will be completely released. Because the overall trend has always been upward.
It just needs a short-term rebound, low low high, high high showing a short-term upward trend, just lacking a top.
Daily suggestion: 70500 (current price) - around 70000 to enter in batches, target 72300-73800.
Around 2150-2120 to enter in batches, target 2180-2220.
Defensive measures should be based on personal risk tolerance, the real market will provide direct guidance! The market changes in real-time, and specific operations should follow Brother Ye's real-time instructions, as the market is ever-changing and make sure to have defense! #BTC走势分析
Technical Analysis: The overall trend is still within a downward channel, unless this downward channel pattern is broken! Currently, although it has surpassed recent highs, it can be seen that this wave of rise is accompanied by relatively low trading volume, which raises doubts about whether the price can stabilize at this position. The buying momentum is still insufficient, making it difficult to break through this level directly.
Short-term Outlook: I tend to believe that this time it may be difficult to break through directly, and there may be a pullback in the short term first. It is highly likely that after a period of consolidation and some fluctuations, we will see a real breakout market.
Personal Mindset: The biggest enemy in trading is actually yourself. Not resisting temptation has long been a common topic, but most people cannot overcome themselves and are prone to getting carried away, which is why every time such a tempting situation arises in the market, there are large amounts of forced liquidations. It’s a lose-lose situation!
Operational Advice: I already provided advice this morning, I may continue to hold for a while, but if you can’t hold, you can exit first. Personally, I still lean towards holding on, and if there’s an opportunity, I will try to hold for the medium term.
Off-Market News: The proportion of BTC supply available on exchanges has fallen to the level of November 2017, when the price of each token was $16,400.
There will be milk, there will be bread, and finally, I wish us a successful start!
As we mentioned yesterday, Bitcoin 66000 is a core support level, an important structural point on the 4-hour chart, and also a recent dividing line between bulls and bears. However, it has not effectively broken down yet; touching 66000 triggers a rebound, consistent with the strategy we provided in the morning.
If it can effectively stabilize, it will test the first resistance level above at 69400, which is an area of dense trading that has been tested multiple times without success; a stronger resistance level is between 74,000–75,000 dollars, which is a previous support turned pressure zone and a key pressure area on the weekly chart, making it difficult to break through.
Friends who followed Jiang Ye's morning strategy can take profits and secure their gains; a pullback remains a good opportunity to re-enter!
Market judgment and trading advice The short-term trend depends on whether the support at 66,000 dollars is effective:
• Holding the support: The price will likely maintain a range-bound fluctuation, gradually testing the pressure around 69,000 dollars;
• Breaking the support: The bearish momentum continues, with an increased probability of descending to 62,400 dollars.
Short-term traders can adopt a range strategy, lightly buying near the support, and promptly reducing positions at resistance; medium to long-term investors still need to be patient, waiting for clear reversal signals and sufficient bottom formation #BTC走势分析
Bitcoin and Ethereum have reached bottom support, and today may see a strong rebound! From the data, the current long positions in Bitcoin and Ethereum far exceed the short positions. Therefore, a wave of liquidation is certain to come. So we maintain the support level to go long for the day. Just now, Brother Bo Wenye also provided the current price for going long, with support at 66000 for Bitcoin and 1930 for Ethereum, all in profit and can continue to hold! #BTC走势分析
Bitcoin's short-term structure has already broken through, with a price imbalance and strong buyer intervention, leaving a fair value gap between 69000 and 70800, as shown in the green part of the chart. The price is currently imbalanced, and the nature of the market has changed!
Currently, Bitcoin is forming an upward trend line, and a very good risk-reward opportunity has been established here. The market still has the potential to decline, but the prerequisite is that it must break below this upward trend channel and close beneath the trend line! Otherwise, the previous structure remains effective.
The bottom support is at the gap around 69000; if it doesn't break here tonight, one can buy based on the bottom value gap.
For larger positions, follow the morning strategy in real-time. Of course, the market changes in real-time, and specific operations should primarily follow Ye Ge's real-time guidance! #BTC走势分析
A symmetrical triangle is a chart pattern characterized by progressively lower highs and progressively higher lows, with two trend lines converging at the same angle. This pattern typically serves as a continuation signal for trends. The formation of a symmetrical triangle indicates that market volatility has been compressed over a period, suggesting an upcoming trend reversal.
Technical Characteristics of the "Symmetrical Triangle" Pattern
- A clear trend must exist before the formation of the triangle to facilitate the continuation direction - At least 4 touches: dynamic support line (ascending) 2 times, dynamic resistance line (descending) 2 times. The more touches, the higher the reliability of the pattern - As the price converges, trading volume should gradually shrink - Although symmetrical triangles usually break out in the direction of the trend, false breakouts in the opposite direction can occasionally occur. For safe trading, it is recommended to wait for a retest confirmation in the breakout area (upper boundary or lower boundary)
Today is another exciting operation, a real shout-out
Bitcoin and Ethereum's prices 68600/2020, Bitcoin has currently gained 1600 points, Ethereum 70 points
Floating profit of 10,000 U, I am preparing to reduce my position and continue to look down. Friends who are conservative can take the profit, securing gains!
Another fruitful day, working hard this year, the goal has just begun, let's keep pushing together, brothers!
The current market is fraught with crises, don't go it alone, this kind of market can overwhelm even experienced brothers. Don't let your account shrink any longer!
Message me privately, and I'll help you review and find the next opportunity that suits you best. Leave the professional matters to professionals.
The trend should still be like the last wave, maintaining continuous fluctuations, with multiple tests at the top and bottom.
The 70000 level is always a strong resistance point, and it's not a problem to trade around this point, with bottom support at the lower track of the monthly line!
The upward space is limited, but the downward space is quite large. Here's a piece of advice: it's not yet time to buy at the bottom; be patient and wait for the next bull market! Of course, the process will be quite torturous, but as long as you keep up with the rhythm, everything will be fine!
It rises as it wishes, the gentle breeze blows over the mountain ridge
Did Bitcoin and Ethereum really rise a lot last night? Haven't they already dropped several rounds from the peak?
There are too many people entering the market, it needs to be cleaned up; it couldn't even hold the 70000 level, under heavy pressure!
The higher the peak, the better the opportunity to enter the market.
Cryptocurrencies: BTC/ETH Entry points: Current price 68600-69200 Current price 2020-2070 Direction: Long Short-term target: 66600/1965 Long-term target: 55300/1340
Market conditions change in real-time, specific operations should follow the instructions of Brother Ye's live trading; the market is ever-changing, and be sure to defend well!
Bitcoin and Ethereum shorts are facing liquidation again, and it's a great time to enter the market! From the 27th to March 2nd, three waves of short profits have already been collected, and today Brother Ye will continue to short! The top has appeared, and only by shorting can one thrive! Entry points: Current price 68600-69200 Current price 2020-2070 Direction: Short Short-term target: 66600/1965 Long-term target: 55300/1340 Market conditions change in real-time, specific operations should follow Brother Ye's live instructions, as the market is ever-changing and be sure to have good defense!
Good morning! Wishing everyone a day full of energy.
As mentioned yesterday, if the 4-hour middle track stabilizes and breaks, we should test the resistance at around 71000.
This morning, we also surged to around 70000 and then retraced; currently, we are consolidating around 68000, choosing a direction.
From the daily chart, it seems likely we will test the peak again and then retrace, so we will focus on the resistance above at 71500-73000. In the short term, we will mainly look for low buy opportunities, and once we reach the upper resistance, we will plan accordingly.
Suggestion: Trade in the range of 68000-67500, target - 71500, with a stop loss at 67000.
Ethereum also stood firm in the mid-range yesterday and surged all the way from 1890 to around 2150. Since early morning until now, it has also retraced by 100 points, and the market fluctuations are still quite noticeable.
From the daily chart on the 24th, it should have seen a death cross with increased volume but did not go down, which made me realize it was going to rise. The second peak test was as expected. Currently, the daily chart is still showing increasing volume, and the momentum has not been fully released.
Therefore, short-term operations should mainly focus on making moves on the dips, with Ethereum facing resistance at 2230.
A pullback near 2030 during the day can be a buying opportunity, targeting 2180-2230, with a stop-loss at 1980.
The market is moving quickly with significant fluctuations, so strict risk management is essential! #ETH
Recently, gold and silver have been on the rise, including the Nasdaq which has also rebounded.
In contrast, Bitcoin and Ethereum have been in a large range consolidation, choosing a direction. Yesterday, our Bitcoin and Ethereum also experienced a rebound. Successfully reached the first take-profit target.
Today's market analysis:
After testing the upward channel yesterday, Bitcoin and Ethereum fell back below the upward channel in the evening. The strength is still relatively weak, both began to retreat upon reaching the 20-day moving average. The upward momentum is lacking, today's suggestion is to maintain a bearish outlook.
From the 1H chart, there should be a small rebound, but personally, I expect it to be around 88800 at most. Ethereum at 2985, which has converted from support to resistance.
Intra-day trading suggestion: Short Bitcoin around 88800, entry can be within 200 points up or down. If it doesn't break through, the upward channel will test the lower support level again, we tentatively set the target at 85500. We just hope that the support at 80600 can hold.
Enter a short position near 2995 for Ethereum, target 2880-2800.
Market changes in real-time, specific operations should be based on my live guidance, remember to maintain good defense!
The market is entering the weekend preparation phase, and volatility has dropped to a low point. There is a high probability that there will not be any significant market fluctuations before Monday, so everyone can gradually enter a rest state.
Next week will welcome the most important event of the month, the Federal Reserve's interest rate meeting and rate decision. Powell's speech will indicate the direction for the subsequent trend.
Currently, I still tend to be bullish towards the $96,000 area, but current operations remain highly cautious. Waiting for the opening of the workweek next week.