Old九歌
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$BTC $ETH
Morning Update:
Good morning! Here comes Jiug歌!
3.45 billion liquidations in the last 24 hours! Currently, the market is targeting 🈳️ heads with a ruthless strategy. So, is it a real reversal or a false breakout?
Yesterday, a significant amount of Bitcoin was bought on the spot; Fidelity purchased over 400 million, presumably to create a hype for Trump's upcoming presidency.
Someone reminded me that last time when shorting, Trump’s victory led to a final drop in the game, and I was ruthlessly thrown off the train. This time, will history repeat itself with another final drop for Trump’s presidency?
I can’t say for sure. Based on the technical analysis of the recent trend, it seems the correction isn’t enough yet, and the ups and downs have moved in 4 waves. Currently, the 4th wave has reached 1008, just a step away from my stop loss.
My judgment remains unchanged: once the 4th wave is complete, we’ll head south!
I can only say that everyone should enter the market together and follow the rules. Don’t hold positions. The average price is 99,000, with a stop loss of 2,000. Each time we take profit, it exceeds 6,000, so the risk-reward ratio is fine.
In the meantime, I’ve nearly eaten through a range of 25,000 during the two back-and-forths. Honestly, it’s been tough, but in the end, there’s no such thing as an invincible general, right? True fans can understand, right?
Now, let’s talk about Ethereum. I’ve always emphasized that 32-33 is a low level, and there’s no point in shorting it. The risk-reward isn't there. I’ve been shouting to enter the spot market at 3200, and of course, we’re all patients of Ethereum during this bull market. Let’s hold on. Waiting to re-enter at 2950.
XRP reached 3 dollars smoothly, and I took profit on half of my spot position, then went short with a contract, but hit a stop loss at 3.1.
Morning Update:
Good morning! Here comes Jiug歌!
3.45 billion liquidations in the last 24 hours! Currently, the market is targeting 🈳️ heads with a ruthless strategy. So, is it a real reversal or a false breakout?
Yesterday, a significant amount of Bitcoin was bought on the spot; Fidelity purchased over 400 million, presumably to create a hype for Trump's upcoming presidency.
Someone reminded me that last time when shorting, Trump’s victory led to a final drop in the game, and I was ruthlessly thrown off the train. This time, will history repeat itself with another final drop for Trump’s presidency?
I can’t say for sure. Based on the technical analysis of the recent trend, it seems the correction isn’t enough yet, and the ups and downs have moved in 4 waves. Currently, the 4th wave has reached 1008, just a step away from my stop loss.
My judgment remains unchanged: once the 4th wave is complete, we’ll head south!
I can only say that everyone should enter the market together and follow the rules. Don’t hold positions. The average price is 99,000, with a stop loss of 2,000. Each time we take profit, it exceeds 6,000, so the risk-reward ratio is fine.
In the meantime, I’ve nearly eaten through a range of 25,000 during the two back-and-forths. Honestly, it’s been tough, but in the end, there’s no such thing as an invincible general, right? True fans can understand, right?
Now, let’s talk about Ethereum. I’ve always emphasized that 32-33 is a low level, and there’s no point in shorting it. The risk-reward isn't there. I’ve been shouting to enter the spot market at 3200, and of course, we’re all patients of Ethereum during this bull market. Let’s hold on. Waiting to re-enter at 2950.
XRP reached 3 dollars smoothly, and I took profit on half of my spot position, then went short with a contract, but hit a stop loss at 3.1.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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