SanDisk is too strong, can't short anymore! Following GPT's advice, I set my stop-loss at 1689, opened a short at 1650, lost 200u, then flipped and opened a long at 1706, taking profit at 1776. Earning a bit every day adds up, and I'm satisfied. Here’s GPT’s analysis: Compared to yesterday, SanDisk's movement has clearly strengthened. On the daily candlestick chart, the highs from June 9 and 10 were around 1764, and today it charged up to 1784, challenging past highs for three consecutive days, indicating we’re not at a peak but rather experiencing high-level consolidation. If the bears were dominant, the price would have dropped back to 1600 or even 1550 by now.
The 4-hour structure has evolved from "1803→1665 pullback" to "1665→1784 rallying again", with higher lows forming, which is typical of a continuation after high-level consolidation. In terms of MACD, DIF is moving upward again, and the red bars are expanding, indicating a renewed strength in the 4-hour trend.
Current key support is at 1700, which has flipped from resistance to support; key resistance lies in the 1803-1861 previous high zone. For the bears, the logic of "1800 being the top, breaking 1700 for further declines" has been invalidated. At this stage, shorting around 1750 doesn't offer good value; only if we see a surge in volume with a pullback, long upper wicks, or MACD divergence in the 1800-1860 area would it be worth considering a short opportunity.
Conclusion: Short-term bullish, medium-term consolidating bullish, and bears have yet to regain control. $SNDK
I'm shorting the US stocks relying on top trader GPT, starting with SanDisk. This thing has skyrocketed too much, and when the US market pulls back, it's going to crash the fastest. I started shorting at 1650 with 2x leverage and shared the 4-hour chart of SanDisk with GPT. All my decisions are made in consultation with GPT. Everyone, check out the advice GPT gave this time:$BNB 1. This 4-hour candlestick chart has clearly weakened. The price dropped quickly from 1795 to 1559, breaking through the critical support at 1600. We've got a huge bear candle that engulfs several previous bullish candles, indicating that the shorts are taking control again. The MACD red bars are continuously shrinking, and the DIF and DEA are almost glued together, signaling that a death cross is very likely to occur within the next 1-2 candlesticks.
What a ridiculous thing, last time you said the possibility of breaking upwards was very high, doesn't that mean it will rise again? Now that it's dropped, you're saying this again. No matter how you put it, you're always right, bah!
Bitcoin plummeted to 80,000 in two weeks! Is a bottom signal appearing? Has ZEC collapsed?
Experienced players know that there is a rule in the bear market of the crypto circle: small coins fall first, and finally Bitcoin falls as well. Now many small coins, like ICP and FIL, have stopped falling, and Ethereum hasn't dropped significantly either; rather, Bitcoin is hitting new lows, which is often a signal that a phase bottom is approaching.
Looking at this chart, Ethereum has strong support at 2750-2850, which is an area where the market has oscillated repeatedly before, with concentrated chips. I think it’s definitely worth trying to grab a short-term rebound if it drops to this level.
However, in the larger trend, the bear market has indeed arrived. Bitcoin has dropped from 126,000 to 80,000 in a month; don’t underestimate the power of the bear market. I mentioned at the peak in October that Bitcoin might drop to 50,000 or 60,000 next year, and many people didn't believe it. Now it has dropped to 80,000 in just one month; do you still think it’s impossible? Have you really experienced a bear market?
In the short term, the crypto market has indeed fallen too much, and it may not be far from a phase bottom. Some junk coins have started to rebound after being unable to fall further; at this point, I don’t recommend shorting—wait for a rebound before considering shorting. Personally, I’m more focused on the rebound opportunities for Ethereum, as its trend is relatively stable, and the support at 2800 is quite clear. But remember, don’t use high leverage when bottom-fishing; spot trading is the safest in a bear market. $BTC $ETH $ZEC
Currently, the only one still holding at a high position is ZEC, and its bubble hasn’t fully deflated yet. I’ve been telling everyone to hold ZEC short positions for the past half month, and now it has dropped to the support level of 580, where a rebound may occur.
If you want to short, you can wait for ZEC to rebound before entering the market. Our long-term short positions on Ethereum and other coins, which we shorted at 4250, can continue to be held; the larger trend is still downward. Hold until the first half of next year, and when the major bottom appears, we will close our short positions and bottom-fish. So this wave of correction is not a risk, but rather the best opportunity that the cycle has given us. You must seize this opportunity!
What retail investors need to do is 'patiently wait for the opportunity and act decisively and accurately.' Follow Xin Jie, come into the village to receive daily real-time strategy shares + cutting loss guides!
I don't understand, why did it short at $184, now it's $590, why is it still making nearly 4 times?
Crypto容奇
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ZEC sees 8 million shorts cut! Technical and news aspects resonate, 3 death signals retail investors must watch tomorrow!
Brothers! Last night $ZEC the group exploded—The 'Short Whale' on Hyperliquid that held for 20 days, couldn't hold on anymore! 8 million short positions were cut without hesitation, with a floating loss of 14 million still holding on! But what's even more exciting is: brothers who bought the dip at 590 this morning are now stuck at 650 and can't sell... Is this a rebound starting point or a continuation of the downtrend? As an old hand tracking ZEC for three months, Fuqi today thoroughly analyzed the technical and news aspects to point retail investors in the right direction! 1. News aspect: 8 million short positions closing, is it a 'market rescue' or 'baiting the bulls'?
Shu Qin said at which position the zec rebound is more suitable for shorting
分析师舒琴
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Can you believe it? Bitcoin has dropped to the 80,000 range in just two weeks! Are there signs of a bottom? Has ZEC collapsed?
Old investors know that the cryptocurrency bear market follows a rule: sensitive altcoins drop first, and then Bitcoin drops to catch up. Now many altcoins, including ICP and FIL, have stopped falling, and Ethereum hasn't dropped much either, while Bitcoin has started to catch up and continuously hits new lows, which often indicates that a bottom phase is approaching.
As shown in the picture, the support for Ethereum around 2750-2850 is very strong, it's the consolidation area from previous market movements, with dense positions. I think that dropping to this level is definitely a good opportunity to try for a short-term rebound. As for the larger trend, the bear market has undoubtedly arrived. Bitcoin has dropped from 126,000 to 80,000 in a month. Do not underestimate the destructive power of a bear market. Shuqin mentioned at the peak in October that Bitcoin would drop to 50,000 or 60,000 next year. Many people said it was impossible, but now it has dropped to 80,000 in just a month. Do you still think it’s impossible? Have you ever experienced a bear market?
Can ZEC still be shorted? Let's take a look. As shown in the picture, ZEC has now fallen to around the neckline of 480, which has some support. Let's see if it can break through and form a genuine breakdown; that would waterfall down to around 320. However, this support is not a good position to short, and of course, I won't choose to go long either. I will see if it can have a decent rebound near the neckline, so that when we short it will be even more perfect.
The positions I am paying attention to are around 550, such as 540, and around 600, such as 590, entering the market in batches to short. The leverage is still 1x, and I won't be liquidated; even if I get stuck, I can hold on and it will come down. If ZEC cannot hold the neckline and falls directly, then we will make even more money. But can it really go so smoothly? I still hope it can rebound a bit, so that the ammunition can be reloaded, and then short it again~ ^-^
Qin, have you considered that next year is not a bear market? The four-year cycle of Bitcoin has been broken. After the stablecoin bill is passed, Bitcoin will gradually rise in value. I hope to see a response from you.
分析师舒琴
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Rebuilding After the Crash? Discussing the Trends in the Cryptocurrency Market After the Disaster.
As shown in the picture, this chain liquidation is the largest settlement in history. Although the decline of Bitcoin is acceptable, many small coins have dropped by more than 95% from their peak. Anyone who leveraged their positions basically has gone to zero. Those who were optimistic about the market and opened a few long positions are now all gone. Those who are still alive and playing with mainstream coins are also stuck, and it's estimated that even if there's a rebound, they will leave the market. For a long time, no one will use leverage to operate small coins. Without leverage, it's hard to amplify the market. Therefore, the previous peak represents the highest point for various small coins in this round of bull market. There will be no main upward wave, but there might be a dead cat bounce as many people feel that the market has crashed and want to catch the bottom. There is still some enthusiasm for bottom-fishing, but that's all. A rebound is not a reversal. If there is a good rebound ahead, remember to exit.
Copying and pasting others' work, just changing the name
诗羽Crystal
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If we backtest with historical data, the greed and fear index of Bitcoin shows that it usually peaks when greed reaches around 85, and currently Bitcoin is at 75. Therefore, theoretically, the peak of this Bitcoin surge should be around 115,000 to 120,000. Today it indeed rose a bit more, reaching 112,000. However, this also means that this market trend is gradually approaching its peak, and afterwards, Bitcoin will start to correct and slowly enter the extreme fear zone. This is a good opportunity to re-enter, which may happen around July to August this year!
This is also the reason why Shiyu has been bullish from 70,000 to 110,000 and is now turning bearish, including the Federal Reserve's repeated delays in interest rate cuts! Having eaten the fish head and fish body, be careful of getting caught at the mountain peak with just the fish tail left! $BTC
Everyone is saying that once it hits 80,000 there will be no liquidity, it’s all sell orders, etc. Let’s take a look at how it went in the last round. On December 16, 2020, it hit a new high, breaking the 20,000 mark, consolidated for a week, on January 8, 2021, it shot up to 40,000, in just over 20 days, the price jumped from 20,000 to 40,000. Was there liquidity at that time? It’s not about seeking a sword by carving the boat, but since it was done this way before, doing it this way again has its possibilities.
Let's discuss a question. In the past, the dog traders would first pump Bitcoin, then Ethereum, and then altcoins, rotating through different sectors, right? The problem is, now Bitcoin is being pumped by ETF funds represented by BlackRock, which means that for the dog traders, the step of investing funds to pump Bitcoin has been eliminated. In other words, since someone is already doing the job of pumping Bitcoin, the dog traders can skip this step and directly pump Ethereum and altcoins. So, what is the reason for the altcoins and Ethereum not moving for so long?
On March 12, 2020, the cottage industry generally fell by 70-80% on that day. This round of decline lasted for 4 months, and the cottage industry fell by 70-80%. One was a sharp knife cutting the Gordian knot, and the other was a blunt knife cutting the flesh. The pain was much more painful than March 12. The old leeks could not hold on any longer and were in tears.
I see many people in the square saying that there will no longer be a scene where copycats are flying together, saying that there are too many coins and not enough funds to pull up the market. These people really don’t know anything about pulling up the market, and they have no idea about the nature of the copycat bull market, and their cognitive level is very low. Think about it for yourself, have you realized two things: First, the bull market is a feast for the bankers and the beginning of retail investors falling into the abyss. Many retail investors are looking forward to the arrival of the violent bull market to eat meat, but in fact, the meat being eaten is themselves. Second, various projects issue coins to make money. The project parties have a lot of coins in their hands. If they don’t push up the bull market and sell them when liquidity is high, how can they make money? The number of people who can cut the big pie and the second pie is very limited, but the copycats are really cruel in cutting talents. The failure of copycats to fly means that the project parties cannot make money. They are more anxious than us. If they don’t sell in the bull market atmosphere, then all the money will rot in their hands.
Before the CPI data came out, the square was full of bearish big Vs, who encouraged people to short sell. Now they must be busy deleting their posts. You big Vs, you don't even need a shameless face anymore.
I have been thinking about a question, do people in the cryptocurrency circle really care about the 5% interest rate of the bank? If the interest rate is lowered, they will withdraw their money from the bank and invest in the cryptocurrency circle. If the interest rate is not lowered, they will continue to put it in the bank to earn interest. Everyone is watching whether the interest rate will be lowered. Are those who earn bank interest and those who play Bitcoin really the same group of people?
The only thing I want to know is what happened to the OP. This round of surge has almost nothing to do with Ethereum Layer 2. Ethereum has risen so much, and its Layer 2 network can actually remain motionless.
Statistics show that Bitcoin and eth have been booming in the past two days, but the funds have not only not increased, but have fallen. Let me raise my hand first.
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