Overall, I personally feel that going long is more worthwhile. The resistance level is at 97000 points, and it is very likely to fluctuate around 96000-97000 tomorrow. Enter around 93000, with the first take profit at 96500. Stop loss at 91000 points. Risk-reward ratio is 1.5, barely acceptable. The second take profit level is 101500, with a risk-reward ratio of 4.25, which is quite good. The third take profit level is 107000, with a risk-reward ratio of 7, fully maximized.
This position can be shorted or longed; both are good positions. On the daily level, it touches resistance, and once it breaks through, the upward momentum has great potential. But if it can't break through, then it's a high position for a downward move, pulling back to the top. The daily level even looks like a bear bottom. The 30-minute level is already on the verge of collapse. It depends on which level you choose to trade; if you're trading short-term, you can short one lot, and if it breaks upwards, you can set a close stop-loss, which is very near, so the position can be quite heavy. If trading on the daily level, you can wait for a breakthrough of the resistance point, then enter with a light position immediately, setting the stop-loss at the midpoint of the 'W' bottom. Personally, from a rational perspective, I tend to short, because in a bear market, shorting clearly has a higher win rate. As for when to take profit, just watch for danger signals to take profit; once it breaks the trend line of the level you are trading, immediately take profit on a portion; if the 20-day moving average is also broken, then you can take profit completely. This is purely my personal opinion.
The upward trend is beginning to take shape, but I believe the sign of the bear market ending is when Bitcoin returns above 108000. So for now, this still looks like a strong rebound and does not constitute a reversal. This is an opportunity to short, but don't short during the upward movement; right now, it's even possible to enter a short-term long position, but don't rush to short. The resistance level still looks at Bitcoin; every major resistance level can be shorted. Good afternoon, everyone. Only the big trend can make big money. With the trend looking like this, there are very few long-term opportunities to enter now.
If the big cake breaks through 93100, then reaching around 98000 points is very easy. If 98000 is also broken, we will see if 108000 points can be broken. These two points are good positions for shorting. In summary, you can open a short around 92000, with a stop loss at 93200. Open a short around 97000, with a stop loss at 98500. Open a short around 107000, with a stop loss at 108500. If it breaks through 108500 points, then you can go long, with a take profit target of 150000. I believe the bull-bear dividing point is 108000 points. Below this point, it is all about shorting on the rise. If you want to catch a rebound, you have to wait until the bottom support is established, then take a short-term long. This time, the rebound point for going long is around 82000 points. I went long at that time, but didn't expect it to spike down to 80600. After my stop loss, it went up again, but after losing once, I didn't want to catch the rebound anymore and just waited for a short opportunity. In a bear market, you can profit by shorting however you like; just hold on. In this round, we basically see below 60000. It is very likely that this is the last round for ordinary people to turn their fortunes around in the cryptocurrency circle through cycles. You can slowly build positions with chips below 60000. Let's go.
$BTC The pancake has now reached the 8-hour resistance level. You can try to short around 88000. If it breaks 91000, you need to cut losses, then look at the daily resistance level above.
$ZEC It can be seen that when the big pie rises, this one falls, going against the market, but occasionally playing dead will follow the market's fluctuations. Currently, it seems possible to short one hand.
$TNSR This coin feels like it can be shorted, but it suddenly pulled up with a big bullish candlestick after a decline. So if you see something wrong, don't hold your position, withdraw immediately. You can also short with a small position, it can drop to zero.
Awesome, really awesome, BTC spiked 5% in 2 minutes, awesome. Looking at it this way, because of the accelerated decline, 81,000 points may be the bottom, and there should be a rebound this time, but we need to observe a bit more. Who knows, it might directly rebound back to 100,000 points. But if it continues to crash down, then there’s no such thing as a bottom. 81,000*0.95=76,950*0.95=73,102.5, if we have two more drops like this, it will be around 60,000 points. Awesome.
This market is very simple. Starting from 116,000 points, if you short, you have already made close to 20,000 points. This decline has not yet finished. In between, at 107,000 points and 100,000 points, there were opportunities to short, but unfortunately, I didn't hold on at that time. ETH's point at the same time. At this moment, chasing shorts is actually very dangerous because the position is wrong and can be shaken out. Currently, there are no signs of a stop in the decline; it is even accelerating. 85,000 is indeed a support level, but it's hard to say; if it can't hold, it will crash further. In a bear market, no one is willing to take the position; at the bottom, real big funds need to catch it, but where are such big funds? Only shorting in a bear market. If the position is not good, don't act. If the position is good, hold on tightly until the trend ends. Only a major trend can earn big money. Remember, money is not made by operation; money is made by sitting. In the current market, catching shorts at rebound highs is okay for short-term gains. But going long, this is absolutely not recommended. The daily decline feels unprecedentedly terrifying; it might even start with a 5. Personal thoughts, not investment advice.
$PIEVERSE I lost a lot shorting this coin today, the bears are too crowded, are we serving as fuel for others? Come on, it's a bit annoying. If it weren't for my position being a bit large, and this position being isolated, otherwise I would consider hedging and wait for it to drop before making a decision.
$PIEVERSE The popularity is about to decline, and it has already tripled from the lowest point. Those who want to short at a high point are really brave, huh? It can go up to 0.3, it can go up to 0.7, it can go up to 1. The more short sellers there are, the more fuel there is. However, it will eventually come to an end. Within three days, I think it will be almost back to zero.