Recently, discussions regarding Binance have flooded the Twitter timeline. In my impression, it seems that during every cycle's bull-bear transition stage, centralized exchanges become the protagonists of the relevant events. For example, Mt.Gox in 2014, FTX in 2022...
Exchanges are the carriers of on-site liquidity, with extremely high weight; once problems arise, their impact on the market is devastating. History will judge the rights and wrongs, but at this moment, I do not wish to see any exchange face issues, just as I did not want to see FTX collapse back then.
There is a saying in the market: 'Binance sold 1 billion dollars worth of Bitcoin', and I have also seen CZ respond that this is a trading behavior of Binance users. So, is the current decline of BTC really 'Binance' dumping? From the overall data, I don't think so.
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The final interpretation right of the event belongs to Binance. Thank you for helping us maintain a fair trading environment!
Inserted the pin for bottom fishing, Bitcoin long positions should have a hard stop loss if it breaks below 80,000, and ETH long positions should have a hard stop loss if it breaks below 2,630.
Long position operation: Bitcoin should start adding positions with floating profit after breaking through 86,500; do not add positions if it does not break through, because if it keeps falling, you will lose more by adding positions. Only add positions with floating profit after a reversal. #BTC
ETH should chase the rise with floating profit and add positions directly after breaking through 3,000; do not add positions if it does not break through. #ETH
Today's extreme point update: Bitcoin has not broken through 104500, and ETH has not broken through 3550, so we performed a preemptive profit-taking operation under pressure. Remember, it will only rise more sharply after breaking through; otherwise, it can only oscillate between high and low. Yesterday we made profits on both sides with ETH; some partners were trading in a one-sided market, and they were completely confused by this oscillating market. Today, they suddenly understood our thinking over the past two days.
BTC support at 99188, CME gap support at 93888.#BTC
ETH extreme support at 3218 (scalping), 3088 (double test), 2700 (don't scare me). #ETH
I have a feeling that the ETF will not open for trading on Friday, Saturday, and Sunday tomorrow, and ETH and SOL are likely to show extreme movements again, such as sharp rises and falls with almost no trading volume. #ETH
ETH/USDT Sleep Limit Short 100x Total 3% Margin Expected Entry Point: 1) 1728 3% Margin Take Profit Target: 1) 1118 2) Zero Stop Loss: 1788 ⚠️ Validity: If not executed by 10 AM East 8 Time tomorrow after waking up, cancel the limit order Strategy for reference only, manage your positions well, not to be used as the basis for trading, any changes will be notified separately. #ETH
From 80600 to 80000, a flat road with a rise of 600 points 😭
零下二度
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BTC fell to a low of 81,600 last night, just touching the lower Bollinger Band line on the weekly chart, and stayed briefly. Next, pay attention to the support at 81,600; this is an important support level. If it breaks next week, it will accelerate a one-sided decline, leading to a complete rout.
Updating the latest 3 resistance points: 83,100 (low long take-profit point), 83,560 (short sell point), 84,025 (normal position short sell point).
83,000-81,000 is the Hangu Pass, 80,800-80,600 is the Tongguan Pass, and 80,000 is Chang'an. Once the Hangu Pass is broken, the Tongguan Pass is in danger, and Chang'an is at risk; the emperor must escape early. Because from Tongguan to Chang'an, it is a flat and open road with no defenses. Today, the bears will be blocked outside the Hangu Pass, and there will be fierce battles next week. The emperor can take it easy today, accompany his beloved consort to watch a movie, play some mahjong, and stroll through the imperial garden.
After six years of long waiting, Pi coin finally successfully went online on the exchange. However, the reality is very different from what many people expected. At this time, six years of hard work seems to have only converged into five words: "Hahahahaha".
For many uncles and aunts who expect Pi coin to bring wealth, their dreams seem to be shattered in an instant. The group chat became quiet, as if waking up from a dream, while the music of the square dance was still playing, and life did not seem to change because of the launch of Pi coin.
The originally booked Rolls-Royce luxury car can only be canceled, and the dreams of luxury goods such as luxury houses, yachts, Romanee-Conti, etc. also disappeared. The price of Pi coin is far from the expected $314 per coin. The current price of the coin is around $1.2, a gap of up to 160 times!
Faced with this reality, many people began to think: How to explain this time? Let the bullet fly for a while, or choose self-reconciliation, after all, zero-cost acquisition seems to have no loss?
However, reality is cruel. The main network of Pi coin is essentially a coin, and the essence of a coin is a transaction, and the purpose of a transaction is to make money. At present, most of the zero-cost Pi coins have not been mapped, and the estimated circulation volume is only one thousandth. In the later period, the huge amount will be released, and the pressure of queuing up to dump the market is huge. The project party holds a large number of chips and can decide who to map to and when to dump the market at will.
Despite this, Pi coin has indeed achieved a considerable size in the zero-cost project and has many loyal fans. However, the market is not as simple as imagined, and institutions will not easily take over for leeks. By the time ordinary users can map, the price may have fallen below $1, and the dream of Rolls-Royce may eventually become only a bicycle.
Finally, I hope that all uncles and aunts can look at the crypto market rationally and not be too excited. Understand the underlying logic of the currency circle and realize that the total amount of 100 billion Pi coins may only continue to fall, and may even face the dilemma of being unable to sell. Risks and opportunities coexist in the crypto market, and rational investment is the long-term solution. #PI
Some KOLs are boasting about the ETH upgrade in April. I'm not optimistic. This trash is a meat grinder this round; it rises quickly and then gets smashed violently. Seeing 8k and 12k, is the faith still there? One can only say it's a fight to the death. Shorting at highs is much less risky than going long in this situation. Strong liquidation at 20,000, adding 10% to the short position every 350 points, is much better than blindly going long to 4, 5, or 8k.