Done. Watching my account take a massive hit, regret floods in like a tidal wave. For a moment, I really wanted to choke myself! Did I mess up? Is there still hope after shorting BTC? 1. Yesterday, Shuqin faced serious online harassment; everyone was trashing me to the point of questioning my existence. I'm doing some self-reflection: was this a false breakout, or a real one? Should I cut my losses? I’m trying to boost my spirits: the 80k mark is the last line of resistance; it hasn’t broken, so let’s hold on a bit longer...
2. Last night, I slept poorly. If I wake up today to see Bitcoin above 80k, I hope I never wake up. But!!! Oh my god, Bitcoin has dropped! Damn, it really was a false breakout; it scared the hell out of me! Cutting losses on one trade is minor, but letting the whales win is worse than eating dirt.
3. So, what’s the strategy now? Let’s play it safe. We can take some profits on our short position from 78.2k at the current 77.5k just in case, and keep a close eye on things. The support around 76.7k looks decent; if it gets there, I might consider a small rebound.
4. I think the smartest thing I did yesterday was advise everyone not to chase highs. Because there are so many false breakouts with BTC; getting caught at the peak would be disastrous. As for Trump coin, we said to buy the dips. Today’s pullback brings it close to 2.8, so let’s grab a bit and plan to exit everything by the 25th; alive to see the living, dead to see the corpses.
5. Additionally, I see a more certain trading opportunity: oil, specifically CLUSDT. It has rebounded significantly from the 70s and is nearing 100; I think we can enter short in batches around 95, 100, and 105, using 1-3x leverage. In the long run, oil prices will definitely revert to normal levels around 70-80, offering huge profits with strong certainty.
6. Plus, the funding rate for oil contracts is super low right now, sitting at 0%, making it quite suitable for long-term holding. The last time we shorted oil, we caught a massive waterfall at 115, and Shuqin has been waiting for a rebound to re-enter. Hey, isn’t the opportunity back again? Whenever there’s a good chance, Shuqin will guide everyone in trading~
Unbelievable! Did Bitcoin just break its previous high while I was sleeping? Is the bull market coming? Let's check it out. 1. First off, regarding the current strategy, Bitcoin has broken through; should we chase it? My answer is: no way, too risky! Because BTC often forms double top fakeouts, the risk outweighs the reward. So what should we do now?
2. Actually, we can look at altcoins for a rebound. Altcoins usually lag behind Bitcoin for a while and can even trigger a altcoin season. So the safe play right now is to go for some altcoin rebounds. Which coin to pick?
3. No doubt about it, it's Trump Coin! Trump is hosting a Trump Coin party at Mar-a-Lago on April 25, with all the big names showing up. This coin is expected to gain strength before the 25th. I've been telling everyone about this two weeks in advance; we loaded up at 2.8, and now it's already at 3.0. I'm still holding, and I'll wait until the 25th to see how it goes—no rabbits, no shooting.
4. I believe everyone has some Trump Coin already; if you haven't bought in yet, look for a dip to grab some. Don’t buy high; buy low, and sell high around the 25th.
5. As for Bitcoin, I talked about the US-Iran talks possibly leading to a second top in my Monday video and Tuesday update, as shown in the chart. I mentioned this morning that it might hit 78k when it was only at 75k, and then Trump really made a move—jumped 4000 points in just one morning!
6. However, given Bitcoin's current momentum, I just cut my position in half at 7.82 on a short. Let's see if it reaches a higher point around 80k before I short again. Honestly, I'm not worried about the upside because we have a large long position in Trump Coin as a hedge; if BTC goes up, our Trump Coin rebound will profit even more.
7. Also, yesterday at 76.5k I said to short one contract, and it dropped to the 75k support area last night—perfect timing! After that, I posted about Trump possibly making a move, and shorting at 78k was the play. Following this all the way down should yield some nice profits; keep up with the market rhythm and do real-time trading every day.
Can't fall, only rise? Bitcoin rebounds strongly by 3000 points! What's the next step, let's take a look. 1. Bitcoin's recent sharp rebound started around the core support of 73,500, and the main reason, besides 73,500 being a support level, is that there is a big cake in front of the market enticing bulls: the US-Iran talks. So will Bitcoin continue to rise?
2. From the current market situation, I am very focused on this key resistance around 76,500, it's really important. A slight false breakout is not a big deal, but if it stabilizes, then BTC is likely to go for a second peak test of the previous high of 78,000/79,000.
3. A second peak test in a trend is actually normal, which is why we took early profits from our short at 78,000 in batches above the supports of 75,000 and 73,500 to lock in most profits, and we even started going long above the 73,500 support just to deal with potential uncertainties.
4. My personal operation now is to place another short at the previous high of 78,000, and I also entered a small position short at the current 76,600 to see what happens, using the profits earned in the past few days. I think even if it rises to 78,000 later, when it pulls back, my short at 76,600 will also be unwound with no loss, while the short at 78,000 could profit again.
5. Additionally, our operation yesterday was even more thrilling and exciting. As shown in the picture, we first shorted one hand at 75,400, took profits when it dropped to around 74,600, and we have screenshots. Then we shorted at 76,300 and took profits around 75,300 (75,400), both trades were almost flawless, and we can steadily profit from small fluctuations; you just need to follow my points. If you do not follow in real-time, you might miss the lowest profit-taking position.
6. So don’t be fooled by the price still being around 76,500, we have actually operated twice. Shorting the same point the second time is not as stable, so I will try a smaller position again. Currently, my main position is still placed around 78,000, and we need to keep an eye on the market for specific details, operating in real-time every day~
The last straw? Bitcoin plummeted by 5000 points! What to do when trapped at the peak? A huge benefit is coming, please seize this opportunity to escape the peak! AAVE was hacked, TVL funds plummeted by $6 billion, Sun Yuchen was stunned, urgently withdrawing funds. Can institutions no longer hold back? Are they continuing to sell off or are they starting to bottom out? $BTC $AAVE $ETH
Bitcoin plummets! Is it time to bounce back? Or should we continue shorting? Let's check with Shuqin. 1. The current market for BTC is likely to have started reversing, institutions are secretly running away, and retail investors are panicking, fearing that if they wait too long, they will get caught at the peak. However, Shuqin previously mentioned that there is strong support around 73,500. So where will this wave rebound to?
2. The target for this rebound is two resistance points above: 76,500 and a minor resistance around 75,500. When approaching these points, consider taking a short-term pullback or repositioning for a longer-term short, especially in the resistance zone from 76,200 to 76,500, where the chances of a pullback are quite high.
3. Additionally, Shuqin wants to talk about my overall operation for this market segment. I shorted at the upper resistance of the 78,000 consolidation channel, and the final target is likely to be around the lower end of the consolidation channel at 70,000. There are two support levels in between: one at 75,000 and another at 73,500.
4. Our short positions will choose to take partial profits when approaching the support levels, and then reposition during the rebound. This way, we can lock in some profits while also having a better opportunity to short again, reducing risks while potentially earning more.
5. As shown in the picture, we longed at 75,000 yesterday afternoon and took profits near 76,300 before shorting again. Next, we took profits above the support at 73,500. Now, the coin price has indeed rebounded as expected, preparing to gradually reposition for shorting.
6. Therefore, making money in the crypto market is really not that difficult; just have a good understanding of market logic. Shuqin is not a genius; it's all based on experience. I've been trading for 8 years, making several trades every day, and I don't know how many thousands of trades I've made. I can even tell what a doge's fart smells like. So relying on guessing will likely result in losses; it’s better to work hard on self-improvement and keep trading vigorously every day~
Bitcoin seems to be on the verge of collapse, can it struggle a bit longer? Will it drop to 70,000 this time? Hurry up and take a look. 1. As shown in the diagram, we analyzed the Bitcoin trend logic two days ago, with the top around 78,000/79,000 in the ascending channel, and the final pullback position is very likely to reach the lower edge of the channel around 69,000/70,000. So how should we operate now?
2. The most correct operation method is to short at the top of 78,000, which we have been discussing for two weeks. However, if you haven't entered before, you can still short at highs; significant rebounds present good entry opportunities. Before Bitcoin drops to 70,000, it will go through two support levels: one at 75,000 and the other at 73,500.
3. These two positions can easily see decent rebounds. If it rebounds at 75,000, then getting close to 76,500 is a good opportunity to gradually lay out short positions. Personally, I hope 75,000 can hold, and if we get a rebound, we can add more shorts. Because I mentioned yesterday that I took partial profits on my short positions here, I hope for a rebound to re-enter, of course, if there is no rebound, I can accept it and earn more as it drops.
4. Besides shorting at highs, aggressive investors can also try to take a short-term long position at the support level and see how it goes. 75,000 can be cautiously tested with a small position, setting a stop-loss. Of course, the safest position is definitely around 73,500, which depends on individual risk preference.
5. Overall, the market trend aligns with our expectations, and it should not be too difficult to operate. Just short at 78,000, and then take partial profits at the support levels of 75,000, 73,500, and near 70,000. If there is a significant rebound at the support level, then re-enter short. If there is no rebound, then let it go; we can take profits on other short positions gradually. The logic is clear step by step, don't trade based on feelings. Before placing a trade, think carefully about the profit-taking and stop-loss strategy. Let's work hard together~
Bitcoin seems to be on the verge of collapse, can it struggle a bit longer? Will it drop to 70,000 this time? Hurry up and take a look. 1. As shown in the diagram, we analyzed the Bitcoin trend logic two days ago, with the top around 78,000/79,000 in the ascending channel, and the final pullback position is very likely to reach the lower edge of the channel around 69,000/70,000. So how should we operate now?
2. The most correct operation method is to short at the top of 78,000, which we have been discussing for two weeks. However, if you haven't entered before, you can still short at highs; significant rebounds present good entry opportunities. Before Bitcoin drops to 70,000, it will go through two support levels: one at 75,000 and the other at 73,500.
3. These two positions can easily see decent rebounds. If it rebounds at 75,000, then getting close to 76,500 is a good opportunity to gradually lay out short positions. Personally, I hope 75,000 can hold, and if we get a rebound, we can add more shorts. Because I mentioned yesterday that I took partial profits on my short positions here, I hope for a rebound to re-enter, of course, if there is no rebound, I can accept it and earn more as it drops.
4. Besides shorting at highs, aggressive investors can also try to take a short-term long position at the support level and see how it goes. 75,000 can be cautiously tested with a small position, setting a stop-loss. Of course, the safest position is definitely around 73,500, which depends on individual risk preference.
5. Overall, the market trend aligns with our expectations, and it should not be too difficult to operate. Just short at 78,000, and then take partial profits at the support levels of 75,000, 73,500, and near 70,000. If there is a significant rebound at the support level, then re-enter short. If there is no rebound, then let it go; we can take profits on other short positions gradually. The logic is clear step by step, don't trade based on feelings. Before placing a trade, think carefully about the profit-taking and stop-loss strategy. Let's work hard together~
Plummeting 2000 points! Has Bitcoin reached its peak? Where will it stop falling and rebound? Hurry up and take a look. 1. Bitcoin has touched the high pressure line of 78,000, and this is likely the final point of the current upward trend from 65,000. Bitcoin's current trend is very standard, with a false breakout slightly above the previous high of 76,000 to 78,000 before turning down. So where will it drop to this time?
2. Let's start with the conclusion: the current support is around 75,000 to 75,500, which is the previous small consolidation area and has certain support. So if the coin price reaches here, I would consider taking a rebound; I'm not greedy, a safe 1-2% is good enough, and I will stop loss if it drops slightly below.
3. Regarding the previous short position at 78,000, as shown in the picture, I would consider closing part of it at 75,500 to 76,000 to see if it can rebound before going short again. I went short at 78,000 on both short-term and long-term positions. Don’t say I opened a 10 U position; my long-term position is generally 100,000 U per trade, while the short-term one is 10,000 to 30,000 U. The resistance at 78,000 was drawn out by Shu Qin two weeks ago, right at this point. I remember I mentioned it 5 or 6 times, so there should be no doubt.
4. Our previous operation was to short from 75,000 to 73,800, which Shu Qin also informed everyone about, as shown in the picture. Some people haven’t been paying attention to me and occasionally saw that I shorted at 75,000, but didn't look at the subsequent analysis, thinking that I had lost badly. I suggest you pay more attention to every step I take; just because you didn’t see it doesn’t mean I didn’t post it. I’ve noticed many keyboard warriors these days. Everyone who shorted at 75,000 has taken profits, even twice, yet they keep mindlessly criticizing me, which frustrates me.
5. Overall, shorting at 78,000 has been very successful. If you didn’t short before, then see if there can be a second peak later, and when it arrives, you can try again. It is expected that there may be a rebound around 75,500; if you want to be stable, you can refrain from going long, but you can take profits on your short positions, and now 76,000 isn’t too far off, so moving some is fine, congratulations to you!
It's coming down, Bitcoin is coming down! Is there anyone who wants to short Bitcoin at 78,000? Shu Qin has talked about this position for a long time, hope you got some profit~
The Iran-Iraq War ended so suddenly, the incident happened quite unexpectedly, and finally, a surge came. This wave seems to be approaching the major resistance of 79,000, a position we've discussed for two weeks, and now that it's really here, I still feel a bit emotional. Fortunately, today we did not short again at 75,000, because Shuqin mentioned that at the same point, we can only take advantage of it twice at most; if we come back for a third time, it won't be stable.
Last chance to escape? Rumor has it that the doghouse Abraxas is dumping a large amount of Bitcoin, and after looking at the on-chain data, I broke out in a cold sweat. The biggest opportunity in April has arrived, this shitcoin is about to surge by 50%, so hurry and position yourself in advance. Will the bull market in the cryptocurrency world start in the second half of this year? The answer is here...
Bitcoin is about to attack the bright peak! Will it break 76,000 and explode? Come and take a look. 1. Just this week, Bitcoin has broken 75,000 for the fourth time, and it is also the second time attempting to attack the previous high of 76,000. The bullish momentum is strong, mainly catalyzed by the US-Iran negotiations. As long as the negotiations are not completed, the market is always looking forward to this good news. So how should we operate now?
2. Let’s state the conclusion first: I think the final top may be around 78,000/79,000 because there is usually a false breakout before every Bitcoin drop, so there’s no reason not to have one this time. Of course, if you want to be cautious, you can wait until the US-Iran ceasefire is in place before going short, as it’s likely that there will be a significant pullback after good news is fully priced in.
3. Before that, we are still making some swings. For example, we have shorted several times at the 75,000-76,000 resistance for Bitcoin, and yesterday we shorted down to 73,200. As shown in the picture, Shu Qin advised everyone to take profits on the short position at 73,800, and also told everyone to go long above the support at 73,000. Congratulations to those who went long; it seems to be rising even higher than expected.
4. Now that we have already tested the 76,000 resistance several times, going short again in the short term may not be very stable. At most, build a bit of long-term position and hold it. I plan to short again near the next resistance at 78,000 and 79,000, relying on the significant resistance at the round number of 80,000. I think the probability of making profits again is quite high.
5. In addition, Shu Qin has been letting everyone lay low for Trump these days, and there’s finally some movement! It surged 10% this morning, very good. I think this coin will have some heat before the banquet on the 25th. As for other coins, we are also monitoring the market in real time, sending out trading points every day. When we reach key positions, we can also take a long or short position~
😰 The situation is a bit dire... The BTC spot premium has reached its highest point this year! With so many people chasing the rally, is the top already approaching? 1. As shown in the chart, Bitcoin has begun to sustain a significant premium, the market is overbought, and the premium amplitude far exceeds the previous peaks before this year's bear market, almost nearing the premium level of a bull market. Is it time to escape the top?
2. Based on past performances of Bitcoin in premium ranges, not to say 100%, but 80% is often a stage top, everyone can take a look at what I marked in the chart. So now is definitely not a good time to enter and buy coins. Usually, additional purchases are made when BTC is in the red negative premium zone, that's when it's relatively low.
3. So after looking at this indicator, I think the restless bulls can calm down. The room for further upward movement is getting smaller, while the pressure for a pullback is accumulating. Timely exit is a more stable choice.
4. Personally, I think this peak is around the previous high of 76,000 or a false breakout to around 78,000/79,000. I will be looking to short at these two levels. As for going long, the first support is around 72,800; only if it pulls back to here will I consider taking a rebound.
5. Now back to the current operations, as everyone saw yesterday, Shuqin told everyone to short from 75,000 to take profit at 73,800, waiting for a rebound to short again. Now at 75,000, it has shorted down to 74,300, which is already the second short; I hope to eat more meat as it goes down a bit more.
6. And the Trump we previously ambushed exploded this morning, reaching $3+; however, these are just appetizers. The real strength is expected to come a few days before the banquet next Saturday. Recently, let's see if there's a significant pullback to buy a bit more. Whether for short-term intraday operations or long-term layouts for various coins, we have it all, executing two or three trades daily, carefree and happy~
Rave gone crazy? Increased 100 times in a week! Why is it rising? If it rises again, I will call the police! Hype can't drop and still wants to rise? Where is the peak? A comprehensive analysis of Hype's upcoming trends. What if you didn't get on the train? Bitcoin is already at 76,000, can it come down to pick you up? Let's talk about my bottom-fishing plan! $RAVE $HYPE $BTC
76,000! Is Bitcoin at its peak? Where can we make a rebound? Hurry up and take a look. 1. First, let's talk about why it dropped. This recent pullback in Bitcoin touched the highest point of the consolidation area over the past three months: 76,000. It's completely normal for the price to pull back once it reaches near the previous high. So after the pullback, can we make a rebound?
2. I think it's worth trying, but we need to make the rebound at a significant support level. Currently, Bitcoin's strong support is above 72,700, and as we get close to this level, I will definitely increase my position, with a high probability of making a rebound of over a thousand points.
3. Next, the second question: Is 76,000 the top for Bitcoin? There's a possibility, but based on the pattern of several tops this year, there's often a false breakout to a previous high, like 78,000, tempting bulls to chase the breakout, and then it completely crashes, turning them into fuel for the drop. This scenario is more likely. Of course, the strong resistance near the previous high of 76,000 is also a good choice.
4. Therefore, in this situation, my strategy is to take two steps, as shown in the diagram. I suggest everyone to place short orders at these two major resistances of 75,000 and 78,000; adults don't make choices, I want them all! The price is approaching the resistance of 76,000 and has pulled back to around 73,000, so let's first take a wave of the double top pullback as mentioned in yesterday's post where I also discussed preparing to layout short positions.
5. Currently, I will take some profits from my short position at 75,000 and see if there's a rebound before we short again, because Trump often gives us surprises. However, if I go long, I will be more cautious, because after all, 74,000 is not low and I will only consider adding a position if it pulls back to the significant support area around 72,700-73,000.
6. Therefore, our operations are not random. Even if there are positive developments in the US-Iran talks, we won't chase the long position if it has risen too much. I emphasized yesterday that we need to consider entering the market only when the price is right. And then last night, close to the previous high resistance of 76,000, we confidently took a nice pullback; seizing opportunities every day is the way to go!
I'm a bit anxious. Counting the days, the moment for the dog farm's harvest is getting closer. Where will Bitcoin rise to this time? 1. As shown in the picture, a familiar recipe, a familiar taste. Theoretically, the endpoint of this BTC rebound should be around 78,000, where the resistance is very strong, and it's a profit-taking position expected by many bulls. So how should we operate?
2. Right now, the market is really changing every day because of Trump. This morning, it suddenly came out that the U.S. is going to hold a second round of talks with Iran, and the price of coins surged in response. Trump is like the strongest contemporary artist, able to freely splash on the K-line, while we retail investors cannot change the international situation and can only keep adjusting.
3. Speaking of the market, currently, because of the positive news from the talks, the overall sentiment is still optimistic. If Bitcoin is at 70,000, I would definitely go long when it dips. But unfortunately, the price is now 75,000, gradually approaching the upper resistance zone, which poses significant risks, as the coin price has already risen back to pre-war levels. At times like this, I would rather watch the show than chase long positions because once trapped at the peak, it could be disastrous.
4. Now the coin price has risen ahead of an agreement between both parties. I think that when the formal ceasefire occurs and expectations are fulfilled, the price may actually begin to correct, so it’s best to remain cautious. If it doesn't rise but falls at that time, I think it’s worth trying to set up a short position.
5. My plan is to short at the upper edge of the consolidation channel, theoretically around 78,000, entering in batches, while observing the trend after the negotiations conclude. If everything goes normally, it will pull back to the lower edge of the consolidation zone at 69,000 after hitting the top. If it breaks down, it might drop significantly.
6. Overall, although there is positive news, the price is nearing a high point, and I am not very willing to chase long positions at this time. Instead, I am watching for good short opportunities. If you seek stability, wait until after the negotiations conclude to see if there’s a downturn before going short.
7. In fact, we have already gone long several times at lower prices in the past few days. For example, on the 12th, we went long above the support at 70,300, expecting a rebound to around 72,300, to take a profit and leave. As a result, due to unexpected positive news, the coin price surged higher than expected. If the negotiations break down later, it might still drop. Therefore, in this relatively chaotic market, we should prioritize stability, watch more and act less, and seize good opportunities when they arise. Shuqin will notify everyone at the first opportunity~
This year's biggest opportunity? OpenAI and SpaceX are about to go public! You can actually buy early on the Binance wallet, is it worth getting in? Come on, someone manage the Hype! It's rising uncontrollably, is the top approaching? I'm going to short it hard here! US-Iran negotiations have broken down, will Bitcoin continue to drop? Let's talk about my operations. $BTC $HYPE $SPACEX
I've shorted this coin! Hype, you've already touched my bottom line, and I'm going to be ruthless. 1. As shown in the picture, Hype has reached the high-pressure resistance level around 43-45 and has been rising for 2 months. The short-term peak is likely to have arrived! So where do we short?
2. For a pullback, first look at the neckline support level around 36. If it breaks down, it could very likely drop to 32 or even lower. Even if a project is good, if it has risen for 2 months and is nearing the pre-bull market high during a bear market with few newcomers, I think the pullback pressure will be very high. Even if it continues to rise later, it should have a healthy pullback in the short term.
3. Of course, Shu Qin is not shorting randomly. Besides the candlestick chart, its total market cap has already reached $40 billion. What does this mean? The industry leader BNB has a market cap of only $80 billion. Although Hype is good, its trading volume is only 10% of Binance's. Why should its market cap reach half of BNB's? The whole market is pretending to be asleep, and Shu Qin is here to wake you up. Open your eyes and see, its market cap is already $40 billion! At this time, if you don't take profits, what else do you want to do?
4. Therefore, whether from the candlestick chart or valuation perspective, Hype is seriously overvalued in the short term. Coupled with the fact that it has been rising for 2 months, there is also decent pullback space, so this is my reason for shorting it. There is good space to the downside, and I will stop loss if there is a small upward breakthrough in resistance, and pay attention to false breakthroughs; the risk-reward ratio is still worth trying.
5. Then Bitcoin has weakened temporarily due to the US-Iran talks not going well, and it’s not suitable to be aggressive in going long. Around 70,000 is a major support level worth going long for, and if there is a significant rebound, I will short until the US-Iran negotiations resume and then switch back to being an active bull. Don't rush.
6. Besides that, crude oil has come back up, which gives us a second opportunity to position. The strong resistance is at 110-120. Previously, we shorted crude oil CLUSDT, and it resulted in a big waterfall, a legendary battle! I hope this time we can have another wave~