The BTC shorts are getting pretty crowded lately, with all sorts of bad news failing to push prices down. The short fuel has been forcing stop losses, slowly nudging the charts upward. The daily chart has formed a W-bottom double bottom pattern, and if we break past 81k, we could see around 87k. The weekly chart also looks solid. Recently, that foreign trader, the 'sword-throwing' Wykoff guru Killa, has been quite popular. He’s bearish and currently shorting, dragging a lot of retail traders into the shorts as well. But if I think it through, replicating Wykoff’s strategy, the price action for BTC might be at the marked arrow area. It’s unlikely to keep dropping to 50k or even below 40k. The price will likely fake-break at the support line I mentioned, around 86-87, before starting a new round of declines. Let’s keep an eye on this.
The points and opportunities for Bitcoin that were observed last week are almost used up. The next half month is estimated to still run within the channel framework. The current price has reached 73500, and it's not a good opportunity to enter a long position at this level. In the coming days, good entry opportunities for short positions can be found in the 75-76 range, aiming to reach 69000. Going long at around 69, which is the lower boundary of the channel, provides a larger space for the next long position, potentially seeing around 78000. There is a high probability of a bullish candle in April. At the beginning of May, we will see if the price is rejected at the upper boundary of the channel. At that time, attempting to short near the upper boundary around 80000 is advisable, with the next trend down potentially going below 60000, which could yield 20000 points. Please refer to the chart, just remember to high sell and low buy within the parallel channel, and build positions when there is price action. A stop loss should be placed if it breaks down or breaks through.
This drawn last week, where did the head and shoulders go in Ethereum? The Bitcoin price is basically the same. Does the ceasefire between the US and Iran mean a bull market is coming? It's not that simple; the price isn't dropping just because there aren't enough opposing positions. There are too many short positions. Let's continue to observe the resistance around 73500. If it retests 70000 or 68000 again before attacking 74000, we can directly see 78000. Is anyone interested in a live stream discussion about the market tonight? $BTC
比特给给
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Bullish
Is anyone still looking at technical analysis in the square now? The future opportunity for BTC in 4 hours, potential head and shoulders support at 68800-68500, or not breaking 69000, 4-hour 169ma, discovering price action here at 69400 to go long directly to 72-74K, then taking profit at 74K and re-entering long at 67-66K to earn 10,000 points to reach above 76000. This is a repeat of what happened around August 6, 2022, as shown in figure 2, waiting for validation in the next week {future}(BTCUSDT)
Gege is still that Gege, last night the lowest from 68800 bounced up 2000 points, the current price 70800 is no longer suitable for chasing more, today and tomorrow there will still be opportunities to go down to around 69000 and continue to go long, aiming for 72000 or 74000. My technical analysis has always been clear in direction and limit points, never ambiguous, if it's right it's right, if it's wrong it's wrong, only doing one direction has a much higher winning rate, doing both long and short will confuse the trading sense and lower the error tolerance. If you like technical analysis, pay attention for a wave 🌹 together through the bull and bear
Is anyone still looking at technical analysis in the square now? The future opportunity for BTC in 4 hours, potential head and shoulders support at 68800-68500, or not breaking 69000, 4-hour 169ma, discovering price action here at 69400 to go long directly to 72-74K, then taking profit at 74K and re-entering long at 67-66K to earn 10,000 points to reach above 76000. This is a repeat of what happened around August 6, 2022, as shown in figure 2, waiting for validation in the next week
Update the previously replicated BTC Wyckoff model. In 2027, Bitcoin is still expected to reach 150,000. A drop to 70,000-60,000 is likely to be a false breakdown in a bear market trap. If the future trend sees BTC surge and break through the gap between 80,000 and 84,000, followed by consolidation between 85,000 and 75,000 for two months, then this updated model today will stand. This is a long-term model that spot players can refer to; just continue to hold long-term. If in the next two months it breaks below the 60,000 mark again, which is the 169-week moving average, then this model will become invalid. BTC spot can be regularly invested at 45,000-40,000 to find the bottom.
No traffic, I was the first to play in the square. I started creating content right when it was launched in early 2023, back when it was still called Binance Feed. Now, the square is too crazy; only high multipliers, abstraction, and even borderline content can generate traffic. 🤣 I've been lying flat for over a year. How to play now? Live streaming? High-quality content? 🙈$BTC
Bitcoin BTC successfully broke through 70,000 last night, reaching the range of 72,000-74,000. If it breaks 74,000 again in the next day or two, it will be time to protect the principal. If it breaks 76,000, I will be looking for a reversal. At the very least, I expect to see a gap in futures at 84,000-85,000. It's not just about rising and being bullish; I was bullish at 64,000. This time, even the black swan of the US-Iran war couldn't bring the price down. What else could possibly lower the price of Bitcoin???
This wave of 72000 should be fine, after a few days of high-level consolidation, 72-74 can be arranged for short positions.
比特给给
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Bullish
Today, the drop below 65000 is a good opportunity to go long. 66000-64000 is a good range to build a long position. This week, there is a chance to see 72000. The liquidity at 65000 has been taken out, looking forward to a V-shaped recovery to 72000.
Today, the drop below 65000 is a good opportunity to go long. 66000-64000 is a good range to build a long position. This week, there is a chance to see 72000. The liquidity at 65000 has been taken out, looking forward to a V-shaped recovery to 72000.
The BTC chart is here. The Bitcoin K线 model based on the Wyckoff distribution model points to 105,000, with a potential bull market of 150,000 by the end of the year. Figure 1 is my breakdown of the three-day K线 for Bitcoin. According to the model, we are currently in phase B of the market. Last year, I replicated this model and randomly guessed a peak of 126,000, and it actually reached that point. So this year, let's replicate it again and see if it can be validated once more.
Around the Spring Festival, the price of Bitcoin is expected to hover around 105,000-107,000, and then it will likely retrace to the 95,000-92,000 range to continue accumulating and building a base. It is estimated that this consolidation will take about three months before making a direct move to 150,000. As long as you hold your long-term positions, it should be fine. For contract traders, it's important to watch the fluctuations closely. The Bitcoin market is currently moving relatively slowly, and this cycle may be delayed a bit. This wave from 98,000, buying long from 86,000, the last time I posted, it took nearly 2 months, with significant fluctuations, making it quite difficult to trade $BTC . In any case, the macro environment is still in a liquidity phase, and we shouldn't be overly bearish, especially since there hasn't been a significant increase in liquidity yet. The federal funds rate is still at a neutral level, so we should not be too bearish for now. According to this Wyckoff distribution model, Bitcoin may need to consolidate between 90,000-105,000 for half a year. If Bitcoin is still within this model cycle after six months, then we can go long directly at that time. This model is more suitable for large cycle spot trading, while contract trading has significant fluctuations.
Has BTC broken through this time? The daily chart has indeed broken above the resistance line that has been in place for over two months. How should we operate in this wave? Chart 1 is the daily chart, and Chart 2 is the 4-hour chart, magnifying the details. Currently, it has indeed broken through diagonally, but the horizontal resistance level of 89500-90000 has not officially been broken. If it breaks this level again, the daily rebound can be expected to reach 98000 or 102000.
However, be cautious; during the past half month, there have been many false breakthroughs, and another one wouldn't matter much. Be vigilant; if the 4-hour and daily charts fall back below 87000, you can wait again near 85000 to queue up for a long position, potentially reaching around 100000 in one go. Those who currently hold long positions below 88000 can keep them with a breakeven stop loss set, or a hard stop loss at 87000. Those without positions are advised to observe.
Overall, the daily chart suggests a rebound, but the entry point for long positions is crucial. Considering that various big players have been falsely broken through multiple times recently, I lost 200,000 USDT in the past half month and still need to be more patient. $BTC
$BTC Next week, I plan to do this with the big cake, going long near 86000. If it breaks above the 4-hour 169ma, I can add to my position, with a profit target above 95000.
Again it's a hundred billion project, last night the whole network crashed with 20 billion dollars, the cryptocurrency world is still the same cryptocurrency world, I am still the same me, you were originally destined to run Didi and deliver takeout, just happened to have gone around the cryptocurrency circle twice, just took a roller coaster ride, not to mention, fortunately, I left myself a BYD, continue to take orders, 🤣
The return is here, what is the ultimate target for this Ethereum bull market? The 3-day and weekly structure tells you - at least 6800
Please see the structure in the image below, simple and clear
If it pulls back and then returns to 4190, it gives an opportunity to go long on ETH directly. Those involved in contracts should patiently wait for opportunities, while friends holding spot can just hold on tight.