[Pinned Learning Post] Bitcoin Chuan Trading Basic Technical Analysis Teaching, Compilation of Important Previous Articles | 'Be Friends with the Market, Accompany the Trend'
This article compiles some of my past teaching videos/articles that are helpful for beginners, as well as records of bottom-fishing and topping out during previous Bitcoin bear markets; for everyone's quick browsing and learning. 1. Here’s Chuan's exclusive Binance registration link for commission rebates: 比特川交易8折手续费永久返佣链接 | Rebate registration invitation code: BN909 (20% permanent fee rebate); contact Chuan after registration to enjoy copy trading for free! Using my invitation link, you can enjoy permanent fee rebates in addition to free trading signal strategies; become part of Chuan's family! 比特川合约策略聊天群点这加入 👈 Binance chat room, Chuan's Binance chat ID: chuan666; if you don't know how to operate, feel free to comment and ask me!
#BTC , #ETH as mentioned yesterday, we're seeing a bounce back in the market. However, this is a spike rebound followed by a rally. I bet a lot of aggressive long positions from last night got stopped out.
The Bitcoin market has been tough to trade these past couple of days. Liquidity is super thin right now. All the funds have flown into the US stock market 😮💨
Unless we see a clear breakdown or breakout, it's best to stick to the current range-bound action 👀
比特川
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Bullish
CPI data drop BTC and ETH initially dipped slightly before bouncing back
The data release shows 3.8% against an expectation of 3.7% The impact isn't huge, just 0.1% over the forecast However, it might influence the Fed’s rate hike pace
The dollar index rallied first, then corrected to recover losses Two-year treasuries also saw a rally
For those looking to go long in the short term, now might be a good time to test the waters Since it’s a trial, be aware of potential stop-loss risks
But if BTC hits 80500 / ETH 2070 and forms a new structural low again, the gains from the rebound could still be very optimistic.
With great rewards come brave souls. Everyone can consider entering the market now. {future}(BTCUSDT)
CPI data drop BTC and ETH initially dipped slightly before bouncing back
The data release shows 3.8% against an expectation of 3.7% The impact isn't huge, just 0.1% over the forecast However, it might influence the Fed’s rate hike pace
The dollar index rallied first, then corrected to recover losses Two-year treasuries also saw a rally
For those looking to go long in the short term, now might be a good time to test the waters Since it’s a trial, be aware of potential stop-loss risks
But if BTC hits 80500 / ETH 2070 and forms a new structural low again, the gains from the rebound could still be very optimistic.
With great rewards come brave souls. Everyone can consider entering the market now.
Last night in the VIP group, I laid it out clearly: if ETH breaks 2335, we’re looking at a move up to 2355/2385; if BTC breaks 81000, we’re eyeing a rise to 82000;
The only bummer is that with the weekend, too many bros missed the signals, so I couldn’t drop a formal strategy trade, just some predictions!
❗️Right now, joining the VIP strategy group is free for a limited time (no trading volume requirements, no fees involved)