Floating, floating, still analyzing gold and silver.
分析师舒琴
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Has Bitcoin finished dropping? Where can we short again? Gold and silver have seen the largest drop in history; is this a signal of a peak? Let's take a look.
1. First, looking at Bitcoin, it successfully started a rebound before 81,000, and personally, I would choose to short around 86,500; there is significant resistance here, and even a 2,000-point pullback or setting up a long-term short position would be very worthwhile. What about gold and silver?
2. As for gold and silver, it is now well known, from the elderly in the square to students in schools, everyone knows gold is impressive. Most of the available funds have already entered the market, and I think the probability of continued surges is low, while the risk of a pullback is quite high.
3. However, after such a significant drop in gold and silver, a rebound is still possible. When that happens, those who are trapped should remember to run. Keep an eye on the resistance around 5,000-5,100 for gold and the resistance area of 90-95 for silver.
4. Gold and silver are now extremely highly leveraged, with significant random fluctuations. I think Bitcoin is still more stable and easier to profit from. As shown in the chart, we mentioned yesterday to let everyone go long near the previous low of 81,000-82,000 to 84,000, which was also posted in the square. Congratulations to everyone! I see quite a few people also shorted a hand after taking profits at 84,000. Although the resistance at 84,000 is significant, we have also profited from it. Next, I will pay more attention to the BTC resistance at 86,500; if it doesn't come, that's fine, but once it does, I will definitely short it. Operating fiercely every day~
U.S. Senate Passes Bill; House to Vote on February 2
Jack Kong, founder of Nano Labs, stated on X (formerly Twitter) that the U.S. Senate has passed a bill, and the House of Representatives will hold a final vote on February 2. A partial government shutdown may occur on January 31.
This kind of policy uncertainty often drives funds towards safe-haven assets like Bitcoin. Historically, every time there is a government shutdown, the crypto market experiences volatility as investors seek decentralized assets to hedge against risks in the traditional financial system. In the short term, attention should be paid to changes in market sentiment.
I really wanted to run just now because the profits have retraced too much, but after thinking about it, I dared to add to my position against the trend. Why did I want to run when profits retraced (loss aversion, I suppose)? I have to fight against my own nature. If I bet on an upward trend, I should hold on tight, little Z!!! $ETH $BTC $SOL
Nasdaq futures have started to plunge, taking Bitcoin down with them, while the afterglow of the positive sentiment in the U.S. stock market is still lingering.
Finally here! Tonight the cryptocurrency market will face a double whammy from the Federal Reserve and big tech. How should we operate? 1. It has become a foregone conclusion that the Federal Reserve will adopt a hawkish stance tonight. At 3 AM, the result of 'no interest rate cut' will be released, and then at 3:30 AM, Powell will begin his speech, likely leaning hawkishly. So will Bitcoin drop?
2. In fact, the market usually reacts in advance, and the real drop has already been realized in the past two weeks. Bitcoin has fallen from 98,000 to 86,000, a drop of nearly 15%. Therefore, in the next few days, we should look for shorting opportunities rather than chasing shorts at low levels.
3. Two days ago, we already closed part of our position at the support level of 87,000, and we even took a short position. As for the remaining half, I want to see if there will be a spike down during Powell's speech, allowing us to take all profits.
4. Besides that, from 4 to 6 AM tonight, several major tech companies in the US will release their earnings reports. The stock market has already anticipated good news and has been rising in the past few days. Once the earnings reports are actually released, unless the results are exceptionally strong, in normal circumstances, the US stock market is likely to pull back, which will also drag the cryptocurrency market down a bit.
5. Therefore, tonight's trend is somewhat conflicting, with a rebound after the Federal Reserve meeting and a drop after the US stock earnings reports, all happening on the same day. It is not easy to operate based on these events; we can open positions near strong support and resistance levels to take advantage of pullbacks.
6. As shown in the chart, Shuqin mentioned last night that everyone should short at the ETH 3020 resistance level for a small profit, planning to take some profits, with the next resistance level at 3140. Then ZEC successfully rebounded to 400, all executed through small short-term trades for profit. After tonight, the market will become clearer, and we can continue to build long-term positions in an orderly and composed manner.
Here it comes! The latest inflation data from the U.S. PCE is out, will it be good news this time? This PCE result meets expectations, neither good nor bad! The core PCE result this time also meets expectations, with little impact! Logic of rise and fall: If the PCE inflation is below expectations, it is good news, favoring the Federal Reserve's rate cuts; if it is above expectations, it is bad news. If it meets expectations, then it is neither good nor bad. Overall, this time it meets expectations, with no significant impact~
It's tough! The U price has collapsed, 1 U is less than 6.82, which is 3% lower than the normal exchange rate of 7. But half a year ago, the USDT price was still 7.4, and everyone's assets have quietly depreciated by 10%.\n\n1. Can the U price drop further? How should we operate with ZEC and BCH now?\nUSDT is linked to two indicators, one is the US dollar exchange rate, and the other is the premium or discount in the crypto market.\n\n2. The US is in a rate-cutting cycle, so the dollar is likely to weaken against the RMB. However, the benefit is that the RMB purchasing power in everyone's hands has increased, allowing for more U purchases, which means more Bitcoin can be bought.\n\n3. Therefore, the effects are mutual; when you use RMB to buy cryptocurrencies, you can buy 10% more coins than you could a year ago. However, in addition to the sudden drop in the dollar exchange rate, U itself is also depreciating against the RMB, falling below the official exchange rate of 1:7 RMB.\n\n4. Thus, the bear market in the crypto market is very clear, with RMB users selling U for RMB in large quantities to exit the market, leading to serious negative premiums for USDT. Meanwhile, the reading volume of information in the crypto market has significantly decreased, and KOLs who rely on advertising are no longer receiving ads and are starting to work, which is not a signal of a bull market. The inertia of the bear market will continue, providing us with an opportunity to enter at low prices by the end of next year. $ZEC \n\n5. Next year, you will see Bitcoin at 60,000 or even 40,000. Bears do not speak of bottoms; we can only know where the bottom is when the bottom structure emerges. At that time, we can just buy aggressively. Recent short-term rebounds will not affect the downward trend. I hope Bitcoin can have a short-term rebound to give us a chance to add to our short positions at higher levels. $BTC \n\n6. As for small coins, we have shorted BCH and ZEC at the top and have seen good returns. If they reach new highs again, we can try again. Many other small coins also have opportunities, with stable operations every day~
When it was 470, I thought about a little break, but I ended up adding to my position until now. In the future, it's best to be cautious when encountering scams!
Is Ethereum acting up again? A drop of 100 points, will it drop further? And how should we operate with ZEC now? Let's take a look at this from Ben's perspective. 1. As shown in the chart, Bitcoin and Ethereum have now been confirmed as false breakouts with a sharp decline. The trend is very weak. In the past few days, the US stock market and gold have generally risen, but the cryptocurrency market is falling, which itself is a signal of decline. $BTC
2. However, everyone should not rush to short just yet; it has merely dropped back into the consolidation range, finding support in the 2930-2940 area and starting a small rebound. So how should we operate? 3. I personally operate quite conservatively; although I am overall bearish, I will not recklessly short unless this 2930 support is clearly broken. Especially since there are often false breakouts. $ETH
4. Therefore, since it has returned to the oscillation range, I will wait for it to rebound to the upper edge of the oscillation range before shorting. Particularly around 3000 and 3060, entering in batches will be more comfortable. Meanwhile, our long-term short position at 3400 can still be held; ETH is expected to drop to 2000 or even 1500 in mid to late next year, and we can talk about bottom fishing then.
5. As for ZEC, it encountered resistance in the 450-470 range and dropped again. The current support is around 410, and in the short term, we can choose to take profits here, then consider re-shorting when it rebounds to around 430 and 450. $ZEC
6. I must say, this ZEC is really a big sucker! The day before yesterday we shorted at 450 and took profits at 430. Shu Qin instructed everyone to short again when it rebounded, and now it has dropped again. As long as you short at the resistance level mentioned by Shu Qin, it will definitely be profitable. We only short ZEC and do not go long; when it rebounds to the resistance level, we short. After playing for 2 months, I still don’t know how many times ZEC has given us profit from shorting. He's still pretty good! 😂
Last night I drank with Old Yang, who has been in the circle for 20 years, and almost made a joke because of one sentence
Now that I think about it, it's good that I didn't miss this cognitive blow! After a few cups of fragrant sauce, we talked about a leading platform's newly launched ecological project X (those who understand, understand; we won't touch sensitive lines). I spoke faster than my brain, directly complaining: 'Isn't this just shifting goods from the left hand to the right hand, changing a vest to cut leeks?' Old Yang directly slammed the wine glass on the table, startling me such that I sobered up halfway: 'You little brat are still inexperienced! Back in the day, a certain social giant ignored the PC instant messaging base and insisted on spending billions to develop the mobile ecosystem. Who didn't scold them for having 'water in their brains'? And what was the result? They grabbed the ticket to the mobile internet! Now this X project, the logic is exactly the same — the battlefield has just changed to Web3!'
#pepe In the square, this pepe is being blown up in an extraordinary way. Essentially, it is a token on ETH. It is the lowest-end meme coin, currently lacking any fundamental hotspots, and the community is also calm, with prices continuing to decline. If you are considering investing, please proceed with caution.
#pepe In the square, this pepe is being blown up in an extraordinary way. Essentially, it is a token on ETH. It is the lowest-end meme coin, currently lacking any fundamental hotspots, and the community is also calm, with prices continuing to decline. If you are considering investing, please proceed with caution.