Last night the painting on this door was very standard, this kind of market trend is merely about picking up U's rhythm. Since the M stock market opened, the big pie soared straight to 90,000 and then quickly fell back. The silk exposure gave a wave of take-off straight to the target, although exiting the orange early also captured 3,100 points, then reversing to follow the trend perfectly captured a wave of shorts.
Currently, this wave of highs and lows is mainly affected by the continuous selling from long-term holders and the weakening of the market's demand absorption capacity. This slow bleeding type of decline may be more difficult to quickly reverse than a sharp drop caused by high multiples. The market is currently at a critical decision point, and in the short term, it can revolve around support near 85,000-85,600 to catch the wave, to see if 88,000 can effectively break through. A breakthrough may signify the end of the current downward correction, while being blocked and under pressure can also be reversed. Ethereum synchronously moves with the big pie.
The pancake is back as promised, reaching around 86300 in the evening, then a surge to 89400 with a stop at 3100 points. The future will not be about the pattern; it's the wallet that matters.
Yesterday, Bitcoin tested 85000 after a sharp drop overnight but failed to rebound, giving a signal around 86100, and the target of 88000 was also met, resulting in a gain of nearly 2000 points.
Currently, Bitcoin is attempting to break through the resistance at 88000 but has not effectively continued the downward trend. Although a slight pullback is showing, it is not significant. Currently, it is still in a high-level fluctuation after an upward trend. The short-term pullback repair is steady for the upward trend. Overall, the current market is in a power accumulation phase within a bullish trend, and there is still a possibility of further attempts to break through. At this time, attention can be paid to trying to buy around 86500-87000, with a focus on 88000 for a potential breakthrough.
After adjusting on the weekend, the pancake made a strong move in the evening to break out of the consolidation zone. After a long night, it once again dipped near 87500 before rebounding. Currently, the four-hour chart shows a halt to the decline after consecutive bearish candles, and although it hasn't yet reached the 90,000 mark, it is just one step away from attempting a breakout at this position. At this time, it could pull back to the range of 88,000-89,000 before trying again. For now, let's watch around 90,500; if a valid breakout occurs, it will likely continue to move upward.
Yesterday, the overall market still revolves around a range-bound oscillation pattern. Although there was a slight pullback to break 90,000 in the evening, it still hasn't effectively continued, and then it recovered to 93,500 before falling back. The aggressive position resulted in a small loss, but the overnight rebound remains optimistic.
Looking at the 4-hour chart, it continues to oscillate within the lower band of the Bollinger Bands. The battle between bulls and bears has intensified, leading to noticeably longer upper and lower shadows. Although bears dominate in the short term, there was a rebound after hitting the key support level. At this time, attention can be paid to the area around 91,500-92,000 for potential entries, while the upper level around 94,000 seems difficult to break on the return.
In the early morning, the Federal Reserve announced a 25 basis point interest rate cut. The market fluctuated sharply due to the implementation of macro policies. Bitcoin briefly broke through 94,000 before falling back, and the positions set up around 92,000 in advance surged to hit the stop-loss. The sleepless night was not in vain. Currently, after the Federal Reserve's interest rate cut in the early morning, there has not been much of a one-sided trend, but rather a wave of impact that faced resistance and fell back. The market is currently at a critical point of long and short game. Pay attention to the 90,000 level; if it is effectively broken, it may test the support below. If it does not break, we can look at whether the key resistance area of 93,000-94,000 can be effectively broken. In the short term, aggressive buying can be done around 91,000. In the ever-changing market, remember to manage risks well.
Yesterday arrived as expected again, and the layout clearly reminded about the key position of 89K. As long as it doesn't break, we can aim for the target above 92K. The big coin also accurately reached the target as scheduled. Whether for the short term or the wave, the outlook remains optimistic. Currently, the overnight big coin has pulled back after breaking through 94K. Although there was a brief pullback at the hourly level, it is in a corrective adjustment after stretching, and there is still a possibility of further highs. At this time, pay attention to 92K; as long as it doesn't effectively break down, we can continue to look upward.
Last night, the big cake arrived as scheduled, clearly mentioning that if 90,000 is not broken, we can still buy, with a target looking towards 92,000. The big cake has reached the stop-loss of 2,000 points as expected, and afterwards, it failed to effectively break through, leading to a short sell opportunity. Both waves were perfectly captured.
Currently, the market is overly fearful, and December might be a turning point. If the Federal Reserve cuts interest rates, it could become a catalyst for an increase; on-chain data shows that selling pressure may have weakened; during the day, pay attention to the 89,000-89,500 range, as breaking below might further decline, but if it does not effectively break through, we can still buy, keeping an eye on the 92,000-92,500 range.
The empty layout ahead has adjusted over the weekend and dived last night, while picking up entertainment during the weekend without missing out on U. Currently, it seems that the overall situation is consolidating around the 90,000 mark. Last night, it made a quick move, breaking the fluctuation range and dipping to 87,700 before bouncing back to the 90,000 level. Overall, after a rapid rise, we have entered a key consolidation area. At this moment, pay attention to the 90,000 position; if it does not effectively break through, we can still continue to look towards the 92,000 area.
Yesterday, the market consolidated throughout the day, facing resistance at 93K and falling back. Silk Road also clearly mentioned to pay attention to the resistance situation, and the market's setback will again seek support. The market came as expected, briefly dipping to 88K before rebounding. There were three waves, each day maintaining control around a thousand points. Current market sentiment remains relatively weak, and options data suggests that in the short term, it will continue to oscillate sideways. Additionally, there is no need to expect significant one-sided market movements this weekend; instead, focus on the range between 88K and 90K.
Yesterday, Bitcoin attempted 94K unsuccessfully and faced resistance, and Si Lu also clearly mentioned this resistance area. The failure to break through effectively is an opportunity to short. The market at midnight also arrived as expected, dropping to around 908 before rebounding. Whether short-term or swing trading, there is still good potential.
Currently, Bitcoin is overall oscillating around a range. Although the attempts to test key resistance levels have failed, it will consume the bullish strength and may lead to a deeper short-term adjustment. At this time, we still need to pay attention to the situation around the key resistance area of 93000-94000, which may imply another attempt to find support. In the short term, keep an eye on the range near 91000-9W where, if it hasn't broken down, one can reverse positions.
Recently, the large pancake has been affected by various macro factors, and large fluctuations have become the norm. The ability to stand out depends on grasping the position. Yesterday, several waves of the large pancake surged but encountered resistance and fell back. In the evening, there was a sharp decline followed by a rebound, and during the day, all four orders gained good space. Currently, after the large pancake broke through 94000, it has not seen effective continuation. The upward movement is driven by short-squeeze, and the market needs to wait for more clear policies from the Federal Reserve and other macro catalysts. The market is currently at a critical point of bull-bear divide, and after the previous dip, the position has gradually risen. At this time, one can pay attention to the area around 92000-92500; if it does not break, it can be caught. Watch for resistance at 94000-95000; if it is blocked without effective breakthrough, it can be reversed.
Last night's Bitcoin consolidated and then strengthened, welcoming a strong rebound. I also reminded that after the critical support level of 86000, we will face a rise and stabilize at the 92000 level. Overnight, Bitcoin arrived as expected, once hitting the target, and with nearly 6000 points of space, this selling cake must have been enjoyed. Currently, this rebound is mainly driven by the market's increasing expectations for the Federal Reserve to cut interest rates in December. However, while it may seem like a strong trend in the short term, it is not a clear reversal and is more likely a fluctuation within a key range. At this time, one can pay attention to whether 93500 breaks through; if it fails, then the rebound will fail, and one can consider shorting.
Yesterday, Bitcoin once again experienced a flash crash, opening with a drop from 90,000 to around 83,800 before rebounding. This plunge was an inevitable adjustment under the triple pressure of macro, structural, and emotional factors, highlighting the panic sentiment in the market as external liquidity changes accelerated capital outflows. Here, apart from a short-term spike, the other waves have been quite beautiful and perfectly timed for exit. In front of us, after yesterday's sharp decline, Bitcoin experienced a technical rebound in the early hours of the night, currently battling around 86,000. It is in an adjustment period under multiple pressures, and the trend remains unclear. Pay attention to this position; if it is lost, it may look for stronger support below. If it stabilizes, keep an eye on the 88,000-89,000 range for effective breakthroughs of the 92,000 resistance before considering if the trend has reversed.
Last night, the large pancake M stock strongly surged to 93000 but did not effectively break through and was blocked and fell back. This sudden surge was clearly powerful but lacked conviction, and the exit of the orange was set at 2500 points. Currently, the large pancake is showing a rebound after Thanksgiving, but the momentum is weak. It is now in a critical consolidation phase, oscillating around the 90000-93000 range. The market still needs a decisive breakthrough signal. Today, the weekend will primarily be characterized by oscillation, and we can treat it around this range.
The current market's expectation probability for the Federal Reserve to cut interest rates by 25 basis points in December has risen to around 85%. A rate cut will essentially increase market liquidity, and the recent rise can be seen as a technical rebound after an oversold condition. Overall, the bottom level is gradually rising, moving step by step while looking back, with both bulls and bears having some room for profit. Currently, it appears that the liquidity is relatively weak due to the holiday in the US, and the market is still fluctuating around 91000. In the short term, market sentiment is clearly driven by expectations of Federal Reserve policy, with optimistic sentiment prevailing. At this time, attention should be paid to the resistance at 92000-92500; if it can effectively break through this level, it may trigger stronger upward momentum.
After several days of decline, there has been a gradual warming trend. Overnight, the market was stimulated by news, directly breaking the oscillation pattern and recovering to the 90000 mark, completely ending the recent slump! The targets set by Silk were also precise. Unfortunately, I exited my position early during this wave, not holding on to the target. Overall, both waves were good, and I exited with profit.
With Bitcoin returning to 9W, market sentiment has warmed up somewhat. Although there are signs of short-term pullbacks, the pressure is relatively weak. The support has been repeatedly tested without breaking, and the midline has consistently shown a slow upward trend. The previous low points have been continuously raised, so pay attention to pullbacks around 89000-89600 which have not been broken, as they can be good entry points. Also, keep an eye on the resistance around 91500-92000 for potential breakouts to continue moving upwards.
Strong employment data supports a more accommodative expectation, coupled with the rising sentiment around the Federal Reserve possibly lowering interest rates, which seems to be turning optimistic. The market estimates the probability of a 25 basis point rate cut to be about 70%. Yesterday's attempts at resistance and support were unsuccessful, and the overall movement oscillated around the 86000-89000 range, with Wanmei aligning with the expected position given by Silu.
Currently, after experiencing a sharp decline, the panic sentiment has eased, and valuations have gradually increased, indicating a demand for a technical rebound. In the short term, one can pay attention to opportunities for a rebound after an oversold condition, particularly watching for the level around 86000-86500 which has not yet broken. If it approaches the resistance zone around 89000-90000 with weakening momentum, one should be wary of the risk of a pullback.
After the adjustment over the weekend, the overall market for large pancakes has welcomed a short-term rebound, mainly influenced by the shift in macro market sentiment. Several big names have expressed dovish statements leaning towards interest rate cuts, boosting the market. Yesterday, we also mentioned to pay attention to the resistance level above, and last night, the large pancake positioned precisely near the resistance level, allowing for decisive actions to pick up quality. A significant characteristic of the current market is the emergence of short-term bullish forces, which can be understood as a pullback in the short-term rebound. Pay attention to the resistance area of 88500-89000. If there is an effective breakout, the short-term upward space will be opened; conversely, the market may fall again. The key support below is around 86000, and if it effectively breaks down, there may be further declines.
In the past week, Bitcoin has experienced a continuous decline for more than 10 days, dropping to around 80000 before stopping the decline and rebounding. Recently, it has been a smooth rhythm of short positions; after a weekend adjustment yesterday, there was some rebound, continuing to give a regretful short position of 300 points. This morning, upon waking up, I made 1000 points. Currently, although Bitcoin is experiencing a rebound after a significant drop, the market sentiment remains complicated. In the short term, attention should be paid to whether it can effectively break through 88000-90000. If the price can strongly break through and stabilize above the resistance level, it may indicate that the rebound will continue. On the contrary, if it falls below the technical support of 85000 or even 80000, further downward risks need to be monitored.