FOMC press conference update on 4/29 - Hawkish signals - USD on the rise - Holding interest rates at 3.5% - 3.75% - Market remains solid - Inflation slightly higher than forecast due to rising oil prices & war - Economic outlook very uncertain, especially with the impact of higher energy prices - No commitment to a specific rate cut roadmap In summary, this indicates that liquidity will likely pull back from the financial markets in the short term. #Market_Update #FOMC
If anyone's planning to swing trade #short up to the 83-85K zone with a stop loss of at least 90K, they can start stacking short early with smaller volume, no need to set a tight stop loss.
Dương Quá Đại Hiệp
·
--
$BTC #short dò Entry: 77.500-78.500 SL: 79.500 (~2%) TP: 75.600 (~3%) - 74.500 (~4.5%) Let's be cautious with a small volume market probe, folks. #callshort
Market update 29/4 - Currently, $BTC is targeting liquidity zones around #short - According to my analysis, the market should reach the area of 77,500 - 78,500 today, then pull back to test the 75,500 - 76,200 zone - Check out the chart for my personal forecast. - The plan is to wait for price action at the identified zones to enter trades - This phase is just about controlled volume scouting. The mantra is to avoid FOMOing into the market, just stick to the plan. #btcupdates
Looks like I just can't call the right plays for you guys. Last call tanked, but when I traded solo yesterday, it actually ran smoothly. Sometimes I spot a good entry but hesitate to call it out because I'm worried if I get it wrong, you all might dive in and that can get messy. So for those of you still following my moves, remember that my analysis is just my personal take and follows my trading strategy, okay? It’s not investment advice, so if you decide to jump in, do it with small volume and don't go all in.
$BTC Market Update on 28/4 Looking at the chart in the image, you can see how the price volatility of the USD has significantly impacted the overall market and BTC specifically. The breakdown of the structure yesterday displayed the fear and caution of investors in the financial market regarding upcoming fluctuations, leading to a sell-off of assets and an increase in USD holdings to hedge against risks. Currently, the value of the USD is in particularly sensitive areas where even a small short-term movement could determine the long-term trend. This also has a corresponding effect on the crypto market as a whole. Notably, the upcoming FOMC meeting on 30/4 could be the catalyst that pushes the market into a new phase with unpredictable long-running trends. From a personal perspective: - Despite yesterday's price crash, the crypto market seems to be holding on and anchoring at high positions. I assess that there is still an effort from the whales to maintain key price levels, preventing the market from making a deep correction. The current question is whether the aim is to hold these price levels to trigger liquidity or if it will genuinely be a strategic price dump waiting for a rebound? - So what's the plan for this week? What’s the action plan? According to me, unless you have an order #short at good positions around 78,500 - 79,000, it’s best to limit entering new positions or, if you do, you should be prepared to take smaller volume trades to probe the market and set your stop-loss very close.
I currently have a position #long stl at 76.500, just to let you all know. Earlier, it got close to the stop-loss, so I added a bit more because the volume on this trade is light. If you're entering the trade, set your stop just below 76.500. This zone requires quick and precise action, so I’m not recommending anyone to jump in here. The market will be sweeping up and down grabbing liquidity.
Today I've got some time to break down the reasons behind the BTC dip on 27/4. In my opinion, the main factor affecting the price $BTC right now is the USD value due to geopolitical tensions and expectations of high interest rate monetary policy. Here are the detailed reasons: - The remarks from President Donald Trump about escalating tensions with Iran have dashed hopes for a ceasefire and increased the demand for safe havens. The geopolitical instability in the Middle East has led investors to shift their capital into USD, helping the currency reverse its previous downtrend. - Stalemate in US-Iran negotiations: The deadlock in talks between the US and Iran has put pressure on market sentiment, pushing the USD value higher. - Impact from high interest rates: The high interest rate environment continues to be the main support keeping the USD strong in the international market. Domestic exchange rates are rising: In Vietnam, the central exchange rate has slightly increased, and USD prices at banks are fluctuating in line with international trends, setting new highs.
Check out the candlestick chart in the image and evaluate for yourself. #Market_Update
Update #BTC My personal plan remains the same as last weekend. I don't have any positions open, so I'm mainly just watching the charts. - Currently, the 77K area is a strong support confluence. - If it breaks below 77K, you might want to adjust your view #short and target lower support zones at 74K - 70K. - Note that the H4 timeframe is still in an uptrend structure (unless we see an H4 candle break below 76.900). The D1 timeframe is also in an uptrend until it breaks below 70K. - As the market gets more volatile, it's crucial to have a specific and clear action plan, folks. Don't let it swing; where to take profits, you take profits, and where to cut losses, you cut losses.
$BTC is in a danger zone, so don’t get caught in a trap here, folks. Right now - The latest $BTC H4 candle closed poorly at 77,300, right next to ema13 after a series of price tussles at higher levels. - Today is Friday, which is often a day for significant volatility, so keep your stop-loss tight if you have any positions open. - Key positions everyone should watch: 1. The scenario of moving into the 8X range will continue if we see an H4 close above 78,500. But right now, I see buying pressure fading, and attempts to break resistance have all failed, so be cautious. 2. A downward scenario occurs if we get an H4 close below 76,500. If we break 76,500, BTC will test support around 73K. And in the worst-case scenario, this upward move will fail if BTC breaks below 70K. Note: In this zone, sitting and waiting is a win, folks. Don’t be greedy for 1-2K in price and risk your whole wallet.
Update long position $BTC , took profits at 70% in this zone. The remaining 30% is just for fun, will cut if it retraces back to entry. This week, keep an eye on the daily RSI; if it hits the 70 mark, consider splitting your volume to go for #short for some probing.
Dương Quá Đại Hiệp
·
--
#btcupdates Mổ goes #long to find the M30 frame position around 74,000-74,500. TP rises again to the beard 78,000 take profit 70% Whoever follows should hang stl 73,500 okay. Break 73,500 absolutely do not keep the order okay. #long #btcplan
Update the command #long dò $BTC If anyone entered the position yesterday with a call option, today you should do 2 things: - Pull the stop loss to entry. It is highly recommended that you do not hold on, and do not get stuck in orders at price ranges that are currently contested. - Take some profits if you feel it's enough. If you proceed slowly like this, it means you are waiting for news tonight to legitimize the price path. There is a high possibility that when it starts to run, there will be sweeps of all short-term liquidity first, so do not let yourself be left empty-handed; if you feel you can profit, then take it, don't hesitate, no one can predict what will happen in this market. #UpdateBTC
Dương Quá Đại Hiệp
·
--
#btcupdates Mổ goes #long to find the M30 frame position around 74,000-74,500. TP rises again to the beard 78,000 take profit 70% Whoever follows should hang stl 73,500 okay. Break 73,500 absolutely do not keep the order okay. #long #btcplan
#btcupdates Mổ goes #long to find the M30 frame position around 74,000-74,500. TP rises again to the beard 78,000 take profit 70% Whoever follows should hang stl 73,500 okay. Break 73,500 absolutely do not keep the order okay. #long #btcplan
#Market_Update Personal opinion, the expert is still running the plan to increase the target around the area of 83-85K and there is a small chance that $BTC will reach 90K. Going into details: - The W frame for the double bottom model has broken through the neckline, so there is a 70% chance that the expert will continue to push up to the 8X range. - The D1 frame is running in a price channel and is currently being supported by EMA13. If this area cannot be maintained, it will go back to the 70.5K area or at worst test back to 69K. - The H4 frame has a supporting trendline. Today or tomorrow, if the expert cannot increase and goes sideways, there is a high chance it will go down to test the support area below 69-70.5K. On the other hand, if BTC goes up with one H4 candle past 76.5K, I advise everyone to take their hands off the button #short Note: - This plan is discarded if BTC breaks below 67K. - This is a personal view and not investment advice. - If the plan goes right in the medium term, the reasonable area to #short is from 83K upwards and it can be pushed up to 93K, so those who trust me should not rush to short the market.
$BTC Update the short order. I have closed 70% at 74K, those who have short orders in the range of 77-78K can close now as the price has reached the confluence of the H4 trendline and the D1 EMA, so close 70% to protect profits and move the stop-loss to the entry.