Is the big drop starting? Will Bitcoin fall to 70k? Major changes are coming next week, so let’s take a look. 1. First off, Bitcoin's current trend is approaching the 83k resistance level and is starting to pull back significantly; we’re just getting started. This pullback might ultimately reach 77k, but let’s not rush it; we should first watch the previous highs around 79-80k for support. So, can we still short now?
2. I think any substantial bounce is a chance to get in. In fact, BTC's larger drop might happen after next Wednesday. This is because Trump is tentatively scheduled to visit China next Thursday, and the crypto market and US stocks might not drop smoothly before his visit; there could be one or two bounces in between.
3. Therefore, our short strategy isn’t aggressive; I plan to take some profits just above 80k, locking in 2000 points, and see if there’s a bounce before continuing to short. I’ll hold onto other short positions for the long term. Then, by next Wednesday at the latest, I’ll look for a good entry to add to my shorts, since historically, after each visit to China, it’s likely that US stocks will exhaust their positive momentum and start to pull back, and the crypto market is very likely to follow.
4. We’ve been discussing this resistance around 83k for a whole week, and I believe everyone has already entered. As shown in the chart, we advised everyone to short at 82.5k a couple of days ago, confidently using a larger position to short down. The last time we shorted like this was at 79k, where we dropped 5000 points down to 74.8k; I believe this time pulling 5000 points profit won’t be an issue either.
5. Besides that, Shu Qin is also very focused on shorting crude oil, having already made a floating profit of 200k yesterday. I think any significant bounce in crude oil is a good opportunity to enter a short position; as long as you’re not greedy with leverage, you’ll eventually succeed. Opening positions in real-time every day~
I have bet all my life savings of 300,000 at 155. It can come back, but I don't know how much the bear market will pull back. It will definitely return to above 200; it's just a matter of time.
清凉小奶狗
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This $SOL has been under my observation since it was over 205, and then it fell all the way down to the current 125. One day, I opened Binance, and the interface was all red. Watching it drop to 178 made me anxious to place an order, and it was a single purchase. I was full of hope thinking that mainstream coins should hold up, but in the end, I was ruthlessly hung on the mountain! Currently, I don’t know what to do. Can anyone give me some advice? I'm torn and uncomfortable, I cut my losses, it hurts, I’m holding on, it’s distressing! 😰😰😰[Come to the live room for details](“I am listening to the voice live broadcast on Binance Square “The bull is still here, December Ethereum upgrade + interest rate cut expectations + laying out spot”, listen with me here: ” [https://app.binance.com/uni-qr/cspa/32727330690689?r=MM8TVCVC&l=zh-CN&uc=app_square_share_link&us=copylink) ](https://app.binance.com/uni-qr/cspa/32727330690689?r=MM8TVCVC&l=zh-CN&uc=app_square_share_link&us=copylink) )
I am the most accurate predictor in the cryptocurrency world, and now is the time to buy the dip. Of course, if you believe that the cryptocurrency world won't disappear like the metaverse industry. Bitcoin is being hoarded by various national institutions and can be considered a stablecoin. Ethereum is the king of public chains, and virtually all projects are based on Ethereum. Sol is currently the most user-friendly public chain. As for the altcoin I am most optimistic about, it is Aster. Aside from the reasons related to CZ, I am very optimistic about the determination of decentralized exchanges and the independent launch of privacy public chains. For other investments, you can buy some industry leaders like Fil for storage, Ton for social, and ordi for inscriptions. Anyway, retail investors have basically been washed out, and not many dare to touch altcoins anymore. Buying a little won’t affect anything, even if it goes to zero. Of course, I’m just saying this; whether you listen or not is up to you.
Hyperliquid platform whale position data shows that the overall market sentiment is cautious and even bearish. Currently, the total whale position on the platform is $5.263 billion, with a long-short ratio of 0.84, meaning short positions amounting to $2.862 billion account for 54.37%, slightly higher than long positions of $2.402 billion. This indicates that in high liquidity decentralized derivatives exchanges, the top trader group is leaning towards hedging or directly shorting the market. Notably, the whale address 0x5b5d..60 shorted ETH at a price of $3527.7 with a full position and 10x leverage. Currently, this position has generated an unrealized loss of $6.6114 million. Despite the significant floating loss, this whale has not closed the position, demonstrating extreme conviction in its judgment of ETH's short-term peak. Traders should take this as evidence of the key resistance around $3500 for ETH, as the liquidation or profit-taking of its massive position will have a decisive impact on ETH's short-term trend.
$U This is a timely crash without issuing shorts, isn't it exposed? It's really disgusting, always making users take the blame, and now it seems to have leaked out, right?
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