As shown in the figure: 1. Do not pursue long positions on the 4h chart 2. If it drops below the previous low of 8.38 on the 4h chart, it will turn into a weekly downward continuation 3. Upper short position area: 9.65-9.72
BTC含笑
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In this wave, my understanding of BTC:
Last night BTC quickly recovered after breaking 9.18, 4h may reach a peak, do not chase long.
Situation 1: Directly breaking down from the current position, Current price 9.2 light short, Stop loss previous high 9.41.
Situation 2: Continuing to rebound Open full short above the channel 9.65-9.72, Stop loss 5% of principal.
----- ----- Looking down at the 4h wave secondary low point at 8.37.
Situation 1: Pullback near 8.37, continue to move up in 4h rebound.
Situation 2: Directly breaking 8.37, completing the weekly downward continuation.
Train the form, indicators, price, and volume to develop muscle memory.
Specifications are strict, and the skills are perfected.
懂币猫
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To achieve good results in trading, it is unimaginable without a lot of review and practice; it is basically impossible.
Back in the day when taking the college entrance exam, there wasn't a single person from our class who got into Qinghua or Beida that didn't have all types of questions and problems memorized. During the process, there was hardly any time for thought; after finishing the questions in one go, plus the time to check for mistakes, we basically submitted the exam on time, barely scraping by without any extra time to think about how to solve the problems.
The market is like the college entrance exam, presenting various types of questions every day, requiring traders to be able to answer correctly, and its difficulty is comparable to or even surpasses that of the college entrance exam.
The college entrance exam bets on one's future destiny, while trading bets on one's poverty or wealth in life. The college entrance exam indirectly determines one's future, while trading directly anchors one’s poverty or wealth, pain or happiness. If you don’t want to be a leek harvested, it is completely impossible to do well without correctly answering the questions presented by the market.
1. On Friday, the Federal Reserve's dovish remarks, increased expectations for interest rate cuts
2. ETFs have started to see inflows again, continue to observe on Monday and Tuesday, if there is sustained net inflow, it can be taken as a strong rebound signal
Price range: 1. 930 - 888 2. 104 - 990
Questions: 1. If the Fed cuts interest rates in December, will BTC reach new highs? 2. There is speculation that 8.05 is the monthly bear bottom, will it break to 7.4 next week?
Answer: Apart from so-called analysts, no traders know. Follow the market, the market is always right.
Crossing Bulls and Bears: 1. Only trade BTC 2. Continue to refine technical points, only enter trades in effective structural market conditions 3. Continuously track economic data and market liquidity 4. Be wary of -75% volatility black swan
Entering long-term oscillation correction + Bear market: U.S. stocks are correcting due to concerns over the AI bubble + Liquidity tightening + Uncertainty over interest rate cuts in December.
1. ETF continues to outflow 2. U.S. companies' reserve boom pauses 3. Retail investors continue to sell
This is my first experience of a bear market, 5.6W is the on-chain investor cost price, continuing to observe...
Throughout the entire month of November, there will be a cloud of negative emotions, patiently waiting for the quantitative easing that may begin in December, and the interest rate meeting in December.
During this time, it will definitely be of hellish difficulty, don't be rigid, just take the profits.
As shown in the figure, Thursday's ETF net inflow, but after a rebound to 1023 in the morning, it has now fallen below the psychological level of 10.
Currently facing a deep correction, reasons: 1) Market liquidity is tightening 2) Uncertainty about interest rate cuts in December 3) Risks of collapses in DeFi and CeFi!!!! 4) The Nasdaq has a possibility of deep correction 5) Panic sentiment has already broken through the 100,000 level continuously 6) Slowing increase in U.S. company holdings, ETF net inflow is also slowing, unable to absorb sell orders
I thought last week, shorting after the interest rate cut, waiting for the negative sentiment to pass for a week before going long, currently, the market has not fully digested the negative sentiment, pre-market on Friday, still in a bearish trend.
The market is always right, in this high-risk environment, reduce positions, slow down the trading pace, patiently wait for bottoming signals.
Focus on: a. 9.45 b. 8.87 active investor cost price c. 8.4 d. 7.8 f. 7.19 e. 5.60 on-chain investor actual cost price
Attention: 1) 10.50 - 10.45 Intensive liquidation 2) The previous low of the oscillation range 10.34 3) Spike low point 10.13 4) 100,000 integer level, extremely fearful sentiment 5) 9.8 extreme low point
As shown in the figure: Due to the unknown interest rate cut in December, USD/Treasury bonds, strong rebound, BTC price continues to decline.
If U.S. stocks have a significant correction, BTC will definitely break below the 100,000 level.
At the same time, this week's news, must pay close attention to Trump's speeches, if a war occurs, BTC will certainly drop significantly by around 5000 ~ 10000.
Even institutional analysts, when faced with the deep correction of BTC, are uncertain.
1) From a liquidation perspective: 1050 - 1045
2) There are also opinions suggesting a drop to 10
3) There are extreme views, with a limit bottom of 9.8
My own thoughts: 1. Powell's bearish remarks, the market is still digesting 2. In a fragile market, ETF inflows are also decreasing, a slight negative news impact could lead to a significant drop 3. This week is mainly about shorting 4. Last Friday, Saturday, and Sunday, I estimate there will be another 3 or 4 days, the market will be able to digest the bearish sentiment 5. There is no need to bet on a rebound to go long, wait for Wednesday and Thursday for the market to move for a while before considering
Additionally, ETH broke below 3600, SOL surprisingly broke below 165, BNB 980.
When the storm comes, only then do we realize that BTC is the most resilient.
Today's Positive News: The China-U.S. trade conflict has temporarily ended.
Current Market, Because of 1) Powell's uncertainty about interest rate cuts in December 2) Continuously below 11.30 short-term holder cost line 3) U.S. stocks are consolidating at high levels, Buffett's company financial report is negative for U.S. stocks
Next week: 1. Sudden news may include: Strikes against Venezuela, escalation of the Russia-Ukraine war 2. Wait until the week after next to go long, focus on shorting during the rebound next week to let the market digest negative sentiment.
Future Trends of BTC 1. Continuous decline in the next week, bottom at 9.8
Reason: The market needs to digest Powell's remarks on "uncertainty of interest rate cuts in December" 9.8 price is the lowest point since May
2. On 11.08, next Saturday, start building long positions
October price review
Price drop after interest rate cut (Friday -> next Friday) a. 9-18 interest rate cut, Friday, peak at 11.80 b. 9-26 Friday, low at 10.86 (-7.8%, 9200)
Fluctuation (weekend), main upward wave (Sunday 21:00 market surge) c. 9.26 ~ 9.28 convergence of fluctuations d. 10-07. Tuesday 12.62 (+15.5%, 17000)
After a big rise comes a big drop, 10.11 Black Swan c. 10.11 Black Swan on Friday, single day 12.25 -> 10.13 (-17.2%, 21000)
After a big drop, this month fluctuates between 10.34 ~ 11.60
d. 10.14 Tuesday double top 11.60 e. 10.17 Friday bottom 10.34 f. 10.21 ~ 10.22 due to the false peace between Russia and Ukraine, 10.78 ~ 11.40 / drawing door,
g. 10.23 double bottom 10.66 starts to open expectations for interest rate cut rebound h. 10.27. Monday peak 11.63 10.28. Tuesday second peak 11.60
i. On 10.29, Powell said "uncertainty about interest rate hikes in December", bearish for the market, dropped to 10.31 04:00 10.62
BTC含笑
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Some thoughts for next week:
1. Tomorrow there will be positive news on the China-US trade negotiations, Tonight there will be pre-priced positive news, Tomorrow during the day we will continue to observe the trends, Then decide whether to increase long positions or close them.
2. If there is a Trump-Xi meeting next week, it will be significant positive news,
3. The Russia-Ukraine situation will keep fluctuating. Follow Trump's speeches for trading, don't overthink it.
4. Interest rates will be cut at 2 AM on Thursday, with a 25bp cut basically set, After the rate cut, it will be a negative signal for shorting, Before that, just go long.
5. Pay attention to Powell's speech after the monetary policy meeting, Observe the focus of old Powell's speech, I predict it will still be dovish and positive, This will have an impact on the market in late November.