#BTC #加密市场回调 Has BTC dropped too much? Can we buy at the bottom now?
1. During the last 10.11 event, most of the leverage was cleared out. Now the manipulators want retail investors to sell their spot holdings. Therefore, it is possible that it will hover around 100,000. If it doesn't go above 100,000 in half a month, many people will choose to cut losses and exit. If the manipulators do not achieve their goal, BTC will continue to drop until retail and institutional investors have sold their spot holdings. The opportunity to enter the market will be when no one dares to buy at the bottom. You can also ask yourself, if you have Bitcoin with a cost of 78,000 or 90,000, would you sell now? Of course not, because you think it might go up. You are not panicking at all.
2. The position of BTC at #74500 is an important support and resistance swap position for this round of bull market. We assume it hasn't dropped too much. Once it breaks below 90,000, the area around 74,500 is likely to come, which is the best position for buying spot, a relatively good entry opportunity. However, once this position is reached, market confidence will be difficult to restore in a short time. Of course, we cannot say for sure whether it will come or not; we just need to manage risks in advance.
3. Similarly, ETH is unlikely to have dropped too much. Currently, it seems there will only be a short-term rebound around #3350 . The best dense transaction area is from #2950 to 2750. Buy spot within this range. If you bought some spot around the position of #2800 for a few days and found no strong rebound, it indicates that the manipulators are not very eager to absorb positions, meaning this is not the bottom. Cut losses and exit; there is no reason to hold on.
4. In the short term, if Bitcoin rebounds to the area of 10,350 to 10,650, I personally think it's a good position to go short because everyone's sentiment has risen. This is the best time to short; it just requires some patience.
My personal view is: short-term rebound, long-term bearish. The above is just my personal opinion for reference only, not investment advice.
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The 9th order of the 100 to 1 million dollar trading challenge is to short $PIPPIN Current profit: 4644.13 dollars + pending profit Profit rate: 4644.13% + pending profit rate Win rate: 100% Number of trades: 9 times Other accounts currently profit over 100,000 dollars It’s been a few days since I updated, and I apologize to those following my trading challenge. I have a lot going on, and with more and more fans, I need to be more cautious in placing trades. This order was from a few days ago when a fan got cut by this pippin. I went to check it out, thinking of taking on the challenge, and then looked into the fund's building and trading methods. I studied it and waited for this order for 3 days, and I appreciate all the fans’ patience. Together with my profits, we should have over 2 million. It has been particularly busy at work these days, and I haven’t updated the new strategies and methods in time, so I want to apologize to those waiting for updates. Wishing everyone the best, and I’ll draw some insider info for you in the comments! #神之三和
#COAI If COAI pulls back near 0.815, I will increase my short position. If it cannot hold this trend line on the 15-minute level, it is highly likely to drop further. A small stop-loss to take a chance, open a small position, do not open too large.
#COAI 0.8 This position is very critical, important support and resistance have swapped positions, it has already broken, going down is 0.7, 0.6, the 15-minute level cannot hold, look for opportunities to open a short on the pullback.
#ETH Always staying at this position, it is possible to take a wave of pullback, with a very small stop loss. The five-minute closing price cannot stabilize above 3206; if it stabilizes, set a stop loss. If it really comes down, set a take profit at 3176 for half and set protection, then see if there is an opportunity to go down to around 3150.
#COAI You can follow this Wait for it to pull back between 0.81-0.82 to go long, use Ant Warehouse to open, and don’t use too much leverage. If it opens and the 15-minute closing price is below 0.8, immediately stop loss and do not open again. Remember to take profits in time.
#ZEC This ZEC is too strong, it can't be moved at all. Depending on the situation, consider getting a needle between 808-818, and take a pullback. This is on the 15-minute level, it must be a needle coming from a position similar to 747 where there is a closing needle. If there is no closing needle, hurry and run, this ZEC is too tough 😢
#ETH Set cost protection, and then it won't go up anymore. If it goes up again, it would be best if the hourly closing price can stay above 3250, then go to 3350. If it can't pass, it has to keep moving back and forth around this area.