I changed my mind. Today BTC surged up and then pulled back to close at 77,289. The risk is bigger than the opportunity.
The high was 78,828, the low was 76,500—swinging about 2,000 points back and forth.
A trading volume of 2 billion yuan on a Saturday is rather quiet; the rebound is weak and lifeless.
The worst case isn’t dropping back to 76,500, but rebounding to 78,800 and then getting smashed again—forming a double top, or even charging straight toward 74,000.
BTC is capped below MA5 (78,100) and MA20 (79,200). MACD is in a dead cross below the zero line: DIF -120, DEA -80.
On the hourly chart, RSI 38 shows a bullish divergence at the bottom, but the rebound hasn’t reclaimed MA5—selling pressure is real and heavy.
The lower Bollinger band at 76,300 is hugging the low of 76,500—there’s support here.
Resistance: 78,828. Today’s high is also near MA5.
I plan to open a short at 78,800, stop-loss at 79,200, and cut half at 76,600.
If volume breaks down and closes below 76,500, then watch for 74,000—but I won’t chase the short.
This is my tolerance range.
For ETH: lowest 2,384, highest 2,547, closed at 2,430. It’s stronger than BTC, but the bearish trend hasn’t broken.
ETH had an independent rebound—dumped early, then pulled back up, but it failed to hold through the close.
The strongest is PUMP: up 18.81%, with trading volume of 100 million.
PUMP doesn’t have solid fundamentals; I guess meme money is rallying together.
This kind of rally is risky if it gaps down tomorrow—same old script.
What today taught me: don’t treat rebounds in a downtrend as a reversal. When the weekend pumps, it’s for distribution.
Tomorrow I’ll watch whether BTC can hold 76,500.
Tonight I want to place an order at 78,800 to test.
Up all day by +1.39%, closing at 1.9010. High/low: 2.1470 / 1.7280. Trading volume: 102 million USDT. For today, this volume is pretty sincere.
The most worth remembering today is that there are funds paying attention to NEAR. If tomorrow it can hold above 1.9010, the market may have room to continue. But if tomorrow the market opens and gets hammered straight down, then today’s move is likely just a short-term trade.
After dinner, I washed dishes, and POL put in a single bullish candle that stabbed my eyes and hurt.
The daily chart is still above MA20, the MACD is bullish, and DIF=0.0067.
But the RSI is 71—overbought.
The hourly chart is starting to look shaky: the price has already fallen below MA5=0.113248.
Volume is 0.31 billion USDT, and the average volume is only a few tenths of a percent.
It surged on a 23% contraction in volume—this isn’t real capital rushing in; it’s a sentiment-driven market.
The person pulling the price used a bit of chips to push the top from 0.0874 to 0.1215. Now it has pulled back to 0.1119, and the follower bids seem to be about filled.
Can it keep going tomorrow morning? With no volume, I’m skeptical.
Chasing it tonight is likely to leave me standing guard.
MA20=0.1023 is the key level. As long as price holds above it, the structure remains bullish.
I plan to wait for a pullback near 0.1023 to enter, with a stop-loss at 0.0980. If it breaks down, it means the daily structure gets bad.
First look at 0.11937, then 0.12147. The two resistance levels are close together, so there won’t be few trapped-position sellers overhead.
If tonight it directly puts up significant volume and holds above 0.12147, I’ll follow with a small position and set a stop-loss at 0.1130.
Below, 0.07933 is the tougher support—but there’s no need to carry the contract all the way down there.
How things play out next depends on whether volume can pick up.
Reminder to myself: tomorrow morning, don’t go catch the falling momentum of this bullish candle.
ETH current price is 2413, up 0.71% over the past 24 hours, with no real rebound to speak of.
Let me start with the risks.
RSI is 16.4—clear oversold signal—but the MACD is bearish, the volume ratio is 0.0, and it’s shrinking to the point where there’s nobody left to take the bag.
Low-volume, slow decline. Even a rebound back toward the MA20 at 2461 is going to be tough.
MA5 at 2421 and MA20 at 2461 are capping the price overhead, and MA50 at 2392 is the last major hurdle in the near term.
If it breaks below 2392, stop-loss selling will help push it down further. The next stop would be the prior low and the dense zone between 2256 and 2268.
Above, 2547/2546 are stuck together—24-hour high and also the trapped long zone.
I’m not going to chase a short directly. I’ll wait for a rebound toward around 2461 to enter, with a stop loss at 2552 and targets at 2256/2268.
This is my own tolerance range.
I’m watching the order book, just waiting for the stall around 2461.
Before finishing work, I took another look at my positions—$BTC is hanging at 76,924.
In the past 24 hours it’s down 1.3%, with trading volume of 2.443 billion.
With a market like this, in the past I could have made three round trips.
In The Memoir of a Stock Operator, that line—“Don’t try to catch every fluctuation”—I once thought it was nonsense.
Wait for the big trend to come, then move?
Who can wait.
After being ground down by the education in crypto for a few years, I finally understood the weight of that sentence.
Frequent-trading fees, slippage, and the drain on your emotions—put together, it’s more terrifying than a single big loss.
Today’s grind is bearish and the amplitude isn’t large. If you keep going in and out, the money you make still isn’t enough to cover the friction costs.
So I choose not to move.
Before the big market comes, sitting still is stronger than making random moves.
Someone closed a short position of 79,500, saying that taking it for two days is meaningless. I think we can still wait.
The Bollinger Band width received 5.3%, and the range is 79,776 to 75,644. The smaller the amplitude, the longer the next candlestick will be.
1-hour MACD is bearish; MA5 and MA20 are all stacked above 77,300. Price is being pushed down, so the near-term trend is weak. Comparing the 15-minute and 1-hour volume, both are entirely stuck at 0.0. This type of low-volume upside movement won’t go far. To break above the prior high resistance at 79,400, the volume must rise to 1.5 times today’s average volume. A breakout without volume is a fake breakout.
The 4-hour RSI has climbed to 87.1, and the overbought signal is too obvious. In the rally from 76,243 to 78,828, the short-term momentum has already been fully used up.
I plan to wait for a rebound to above 79,400, then short; my stop-loss is at 79,700. Take half off at 75,700.
If people with different costs do the same position, will the conclusion really be the same?
I’ll wait until it breaks down below 76,243 on increased volume before talking further.
In the past couple of days, I’ve been betting on one thing: with BTC rising so fast, will someone be unable to resist shouting, “The bull market is back.”
But look at the price: 77,228 is moving downward right along the MA5, and the MA20 at 72,218 hasn’t caught up yet. The price is too far away from the moving averages. With this kind of走势, you either wait for the moving average to climb up, or the price will crash down on its own.
RSI is already at 86.1—overbought for a long time. MACD is still bullish, but the volume ratio is only 0.9, with no volume expansion to back it up. It suggests the bulls are pushing, but they’re pushing with nerves.
What really makes me alert is the 24-hour low at 64,028. This swing range shows this bullish candle isn’t a broad-based rally—it was hard-pulled up by some specific wave of funds. Now it’s been pulled up to around the previous high at 79,500, but it hasn’t broken it.
My own plan: in the 78,800–79,500 range, I plan to reduce exposure—I won’t chase. If there’s a pullback to around 72,200, which is near the MA20, and it holds, then I’ll consider buying back. Set the stop-loss at 62,500—if it falls through, I’ll admit I was wrong and exit.
How are these levels calculated? The previous high, previous low, and the moving averages are all visible things on the chart. It’s not complicated—you can draw the lines yourself and calculate them too. Don’t just trust my numbers—calculate it once yourself. It’s more reliable than blindly following someone else’s signals.
Right now, I’m zooming out the candlestick chart to look at where that big bearish candle at the beginning of the month sits.