Major events are happening one after another: Sino-US business, interest rate cut meeting, weekly and monthly changes, analyze them one by one!
$BTC $ETH Intraday Analysis—old ~Changing cycle—[weekly and monthly charts] ~ Sino-US consultations Interest rate cuts and other measures are coming one after another
🚀Tariffs: The tariff trade war is still going on. We have temporarily entered the critical stage of the fifth round of consultation.
The China-US economic and trade negotiations are being held in Kuala Lumpur, Asia for a period of three days. It is currently the second day. The previous four rounds of economic and trade consultations did have a significant impact on the market, but overall the impact has gradually decreased.
The Kuala Lumpur negotiation is indeed the most critical one. There are three possibilities:
Or just talk it over. Either shake hands and end it,
$BTC 1.If the bottom keeps rising, does the front low necessarily be the bottom? (Figure 1) 2.Is the morphological structure finished? (Figure 2) 3. What does it mean to break the net for the first time in this round of weekly lines? (Figure 3)
$BTC $ETH The new high point is real~ Is it the bottom high and the top high? The market has already answered for me!
There is no breakthrough~ The morning closing is still average. Although the increase is fierce, the drop is also quick. Waiting for the last high or secondary high to come out. The long positions in Bitcoin from the bottom on the 21st, relying on the interest rate cut, should be coming to an end.
A reversal is impossible~ A dead cross at a high position on the monthly line, and a top divergence on the weekly line.
The exchange rate needs to be monitored~ Why is the bear market Bitcoin so weak, while the second Bitcoin is so strong?
It may be because everyone is going long on Bitcoin and shorting Ethereum. After all, not everyone is a buddy, and there are always fantasies about Ethereum. As for the Ethereum upgrade, it's been talked about since early last year until the end of this year, and it's just like that.
The exchange rate trend between BTC and ETH is still quite standard, but the top has been moving sideways and is roughly the same. The 36-37 line corresponds to the Ethereum 34-35 line, which basically matches up.
The timestamp is coming~ The low point on the 21st, a rebound for 3 weeks, is actually also a sideways movement for 3 weeks because the high point at the top has not increased much, within 1000 dollars, showing that the pressure is indeed real pressure. The small ABCDE that has come out now, continues to complete the ABC adjustment in the second half of the month, is it going to retest 80,000, or a lower low? Can't guess, and won't guess.
Next, the middle to late month is a secondary high and also short. A new high without volume breaking is still bearish. There is currently no stop loss available, and I don't know how to lose, so just establish a position.
$ETH Oh no~ Mom... Just put it in and you can reach climax. Reduce positions, reduce positions Too many long positions Sleep, sleep.
Fear is instinct Overcoming fear is skill!
Old九歌
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$BTC $ETH Bro, I know you care about me.
In fact, I'm walking on thin ice, aren't you also feeling quite anxious? After my performance, it's your turn to take the stage. There are no bulls, no bears, only slippery ones.
I have long said that the weekly chart is in a sideways range. It will go through a relatively complex adjustment. Both short and long positions will have opportunities, but a slight change in the pattern might just take them away! However, I won't run away as long as the 1-hour lower low I mentioned yesterday hasn't been broken.
Currently, I have three contracts, and the forex position is a bit larger, two BTCs, one is 84 and the other is 902, the levels are different. The cost at 84 previously sold 80% of the position at 93, hasn't moved since, planning to keep 10U for a rebound target of 98-102, what if it goes there? If it doesn’t, I'll just cut it to break even!
Also, the long position of 902 broke through the 1-hour lower level yesterday morning, stop loss at 888. Currently, it looks like it broke down at 94.
I might also take a long position on ETH tonight, made three longs in between, the profit is decent, mainly because the forex is performing quite well, and the structure of ETH itself is still okay.
Isn't the interest rate cut coming this Thursday morning? Shouldn't we take a chance? When it's time to take a loss, just take it! You agree, right?
In fact, I'm walking on thin ice, aren't you also feeling quite anxious? After my performance, it's your turn to take the stage. There are no bulls, no bears, only slippery ones.
I have long said that the weekly chart is in a sideways range. It will go through a relatively complex adjustment. Both short and long positions will have opportunities, but a slight change in the pattern might just take them away! However, I won't run away as long as the 1-hour lower low I mentioned yesterday hasn't been broken.
Currently, I have three contracts, and the forex position is a bit larger, two BTCs, one is 84 and the other is 902, the levels are different. The cost at 84 previously sold 80% of the position at 93, hasn't moved since, planning to keep 10U for a rebound target of 98-102, what if it goes there? If it doesn’t, I'll just cut it to break even!
Also, the long position of 902 broke through the 1-hour lower level yesterday morning, stop loss at 888. Currently, it looks like it broke down at 94.
I might also take a long position on ETH tonight, made three longs in between, the profit is decent, mainly because the forex is performing quite well, and the structure of ETH itself is still okay.
Isn't the interest rate cut coming this Thursday morning? Shouldn't we take a chance? When it's time to take a loss, just take it! You agree, right?
The 1-hour secondary level has appeared, and of course, I still look for a bullish trend. Where is the target going? I don't know. Waiting for the secondary level 2 sell-off at the top. Set the stop-loss at the next low.
Liquidity isn't very good, so trade carefully and accept losses.
Last night's situation, whether it was breaking down in a small level center to chase shorts or chasing longs, was predatory, and I wasn't able to escape it either.
However, the normal trading mode should proceed mechanically, regardless of temporary wins or losses, only focusing on the structure that emerges, which usually shouldn't be too bad!
$BTC The big pancake directly v-reverses, is it the rhythm to take off?
This weekend, a very beautiful central point was formed, just now it broke the central point and encountered a strong recovery. So is there a chance to rush again next week?
Currently, the market volume and price signals indicate: the downward volume is strengthening, but it is only a 30-minute to 1-hour volume price decline increase, while the 1-5 minute price volume distribution harbors hidden secrets, with shadows mixed with light.
Just now, this v-reversal indicates that the instantaneous transaction volume at the bottom was effective, but there was no second probe to collect needles, and the probability of continuing to rise directly is relatively small. How to operate in this situation with needles, volume, and a 1-hour divergence?
Operation: If the second probe does not break the previous low of 876 and stays around 88, light positions can be considered to go long. The 30-minute small level basically conforms to breaking and recovering to walk the next low.
Stop loss at 87000 Take profit can wait for a 1-hour 2 sell exit.
If there is no second probe, what should be done? Only if the central point breaks and pulls back without breaking can one go long. Otherwise, there is no suitable entry position.
As for whether it can fly, it can only be said that the small level has conditions, while the large level has not yet emerged. Let's see if it can close at 89 at 12 o'clock for the 4-hour. If the daily line can recover 89 tomorrow morning, then there is a chance to continue to hit new highs next week. (In line with the structure of low-low high, high-high high.
If these conditions are not met, then the next low of the daily line indicates that it is still a bit short of the right timing! There is still one more needle.
$BTC It's not about showing off, but a kind of demonstration—how to maximize profits in a clear market!
No need to care about the size of my position, it definitely exceeds 0.36u.
Just helping everyone scientifically review the trades from yesterday to today. It also verifies that during this time I have regained the essential things about trading.
Most of the time, market trends will show structures at different levels. If there are no structures at various levels, it’s not suitable to enter the market. Just take a break.
This morning I mentioned a price of 903. Currently, it has broken below 903, the smaller level has broken, there’s no need to exit here because the structure is not complete, and there’s no horizontal adjustment in the 1-hour chart, so there’s no need to guess since it has broken, drawing a line is definitely the case. Fridays generally tend to have whipsaws... just continue to wait for it to finish!
I just didn’t have 903 because I wasn't operating on the left side.
As an ordinary retail investor, we usually know that placing orders according to so-called resistance and support is a kind of guessing price. I think where there is support, I think where there is resistance. So-called support and resistance are all made up and can also be used to break through; this is indeed useful for a small number of people who have a particularly good feel for the market because they can quickly switch their thinking.
The problem is that for most people, regarding the feel for the market, it’s self-deception. Usually, they will exit with a small profit but hold on stubbornly with a large loss!
Therefore, I choose to trade based on structure. Its advantage is that it has a closed loop! How you start is how you will end.
Just like a business closed loop. If not, it means that this money cannot be made; because there’s a problem with the business model. A business model without a closed loop is very difficult to maintain corporate profits in the long term.
It may not be right, but whether it is useful, let’s wait and see!
$SOL This dog thing has already drawn the door in advance.
Old九歌
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$ETH $SOL
I know many of you are holding ETH, and I mentioned in my previous post that the exchange rate is a key focus this time. — The exchange rate has not broken 0.032
Key judgment points in recent times: ✅ A sudden surge at the bottom with a massive 11k green bar, indicating a potential bottom has appeared! ✅ The formation of a head and shoulders bottom, entering with a bullish outlook ✅ The formation of a secondary level on the daily chart ?? The weekly chart is in a sideways adjustment (which means as long as there is no breakout or breakdown from the center, there will be no higher highs or lower lows)
Currently, only Bitcoin shows a clear structure, with new highs, secondary, and tertiary highs, while ETH and SOL do not. Using the same logic, it’s best to wait for lower levels and take fewer hits. However, all currently face significant pressure from the central range, and without a volume breakout from the center, the strategy continues to maintain major level central adjustments.
💥—— Because when discussing structure, some may not understand; note: (If we break down the market movement, it consists of 1. Price, 2. Shape, 3. Structure, 4. Trend, etc.; price is represented by naked candlesticks, price fluctuations create shapes, shape development forms structure, and structure development constitutes trends!)
Currently, only Bitcoin has high points, secondary high points, and a structure formed, but ETH and SOL do not.
So should we short?
ETH has broken the downtrend and should be bought on dips, but since it hasn’t broken the major central range, short positions can be played again.
Enter with a light position first, wait for a secondary level to appear in about 4 hours to add to the position safely. The price might be around 3255, and this stop loss can be adjusted to 3320!
SOL, (reference in the image)
How to take profits? If the low point at this level has not formed a bottom in sideways movement, there’s no need to exit, do not deviate from the price.
What if there is no secondary low? Then there’s nothing that can be done; since this method has been chosen, we must adhere to the logic of this method. This is a fixed formula! Only in this way can the trend be held, and it’s not the position size that determines the ability to hold!
In summary: Not being able to hold means not understanding! Not getting it right also means not understanding!
The chart is still yesterday's chart. If you ask where this short position will go? I can only say I don't know. Just look for answers in the annotation of Chart 1. Is there a secondary low formed in one hour? There is a short exit.
Pay attention to whether 903 breaks or not. If it breaks, draw the door to 86; if it doesn't break, this central point is still there. The standard ETH selling positions are 1.2.3, stop-loss at the previous high. The second high. Just that little bit, if you don't short, I have no way.
Stop speculating on where the price will go. When it reaches 903, I may not exit either, still insisting on a 2b exit and entry.
Such a standard trend doesn't need others to give you points; seeing it means earning it.
Calm down, don't worry about gains or losses, and don't feel you owe anyone anything. This trading feeling is just that simple.
Old九歌
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$BTC Is this how to play short-term trading? Safer, completely in line with small losses and big wins~
$BTC (Just at the 1-hour level) A drop of 3000 dollars, surprisingly no profit-taking? How to enter a long position without a second test? There are high points, second highs, and third highs, but what to do when the bottom structure is unclear?
A poem: Wait (the original stop loss at the previous high remains unchanged)
Congratulations to you if you took profits, you got the gains~ Congratulations to you if you didn't take profits or enter, you are developing a good habit~
Some money is made by luck, some money is made by skill, of course, luck is also a skill But your good luck may appear during the next big market when you miss out on what you should have gotten and suffer from Fear of missing out 😱
So, trade based on structure, don’t guess prices, it should be like this…… So what is the current structure? Of course, it is the central oscillation at this level. If it doesn’t break the previous low on the second test, then exit the short position, or go long! If it breaks down, just wait for the next structure to appear. —The second low at this level forms……
I know many of you are holding ETH, and I mentioned in my previous post that the exchange rate is a key focus this time. — The exchange rate has not broken 0.032
Key judgment points in recent times: ✅ A sudden surge at the bottom with a massive 11k green bar, indicating a potential bottom has appeared! ✅ The formation of a head and shoulders bottom, entering with a bullish outlook ✅ The formation of a secondary level on the daily chart ?? The weekly chart is in a sideways adjustment (which means as long as there is no breakout or breakdown from the center, there will be no higher highs or lower lows)
Currently, only Bitcoin shows a clear structure, with new highs, secondary, and tertiary highs, while ETH and SOL do not. Using the same logic, it’s best to wait for lower levels and take fewer hits. However, all currently face significant pressure from the central range, and without a volume breakout from the center, the strategy continues to maintain major level central adjustments.
💥—— Because when discussing structure, some may not understand; note: (If we break down the market movement, it consists of 1. Price, 2. Shape, 3. Structure, 4. Trend, etc.; price is represented by naked candlesticks, price fluctuations create shapes, shape development forms structure, and structure development constitutes trends!)
Currently, only Bitcoin has high points, secondary high points, and a structure formed, but ETH and SOL do not.
So should we short?
ETH has broken the downtrend and should be bought on dips, but since it hasn’t broken the major central range, short positions can be played again.
Enter with a light position first, wait for a secondary level to appear in about 4 hours to add to the position safely. The price might be around 3255, and this stop loss can be adjusted to 3320!
SOL, (reference in the image)
How to take profits? If the low point at this level has not formed a bottom in sideways movement, there’s no need to exit, do not deviate from the price.
What if there is no secondary low? Then there’s nothing that can be done; since this method has been chosen, we must adhere to the logic of this method. This is a fixed formula! Only in this way can the trend be held, and it’s not the position size that determines the ability to hold!
In summary: Not being able to hold means not understanding! Not getting it right also means not understanding!
$ETH Does this count as a central breakthrough? 🚀 Exchange Bitcoin for Ethereum When Bitcoin rises, Ethereum rises even more Making money from both sides is also quite nice
$BTC Working overtime at midnight~ Correction on the analysis: Head and shoulders bottom formation established, ✅ The second test of the daily line, looking at 8 AM tomorrow (currently moving so strongly that there's no need to make decisions tonight, get a good rest) Weekly line horizontal adjustment: ❓ (should be an ongoing matter)
There’s a piece of information: The first week of the month (the short position should be observed) The best approach is to combine with the chart, looking for positions at a lower level, rejecting the content mentioned in the previous post about shorting 93-96……
Wherever we go, do not guess; opportunities will naturally arise as we progress. Similarly, long positions will continue to seek to close all at the lower levels of the daily line. Then reverse and follow the trend to start shorting!
Old九歌
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$BTC This week I haven't had much time to watch the market. This time the long position that broke below 88 was moved to stop loss. Today I saw there’s still a little position, but for now, I’m not managing it. In the next few days, there might not be many updates, but I will increase the updates next week.
Currently, the trend should be a sideways movement at the weekly level. If it doesn't drop tonight, and if the small head and shoulders bottom at the closing tomorrow morning doesn't break below 86, it should be considered the second bottom of the daily line. Based on the volume from the 21st, the position at 80,000 is still acceptable for now (just looking at the daily line). Next, we might enter the adjustment of the upper and lower Bollinger Bands on the daily line. The range is still a large medium center oscillation around the 838-926 line!
In a downtrend, long positions can be taken or not taken, or done lightly. The 838 line is a 12.k6 retracement of 1.54k, and the Fibonacci 0.618 position of Bitcoin should still have support here. However, support in the face of a trend is meant to be broken!
Operation:
For the short term, based on the formation of the head and shoulders bottom, a small long position can be taken at 87-866, with a stop loss at 858 and a take profit at 89-915.
For the long term, with the high position death cross on the monthly line, there is a chance to bounce to the 93-96 line for layout. Holding for 1-2 months should not be a big issue. A secondary signal on the weekly line will indicate a reversal.
Also, during this time, I've realized a trading mindset: when holding trend positions, never guess the price, only focus on how the current pattern is moving. It's important to observe different levels, especially not to overlook the large levels.
Sometimes, many people trading contracts make a fatal mistake: they believe it will definitely reach a certain position! This usually leads to greed, anger, and ignorance, where a strong obsession affects long-term trading.
The market must be followed as it moves, not guessed. — This is what it means to go with the trend!