At present, the price has broken through our expected target support level of 94500, and then quickly rebounded to 95000. Today's callback is relatively large, reaching a minimum of 92200, but this rhythm is relatively normal for the currency circle. 90200-92000 is a strong support zone. This area will not be broken all at once, because there is a consolidation and washing near 90000 and then breaking. The daily level of this position does not mean that it will directly reach above 100,000 at once, that is, it is a consensus range. The support of this position can be maintained for a period of time, whether it is a rebound after the short profit-taking or a counterattack by the longs. Don't panic too much, it's just a normal callback! If the closing price is above 96000 tomorrow, it should fall sideways or rebound slightly over the weekend. Then the prediction will be confirmed. If the closing price is below 94000, it will continue to impact 90200-92000, but it will not break too much! Today, Lao Song took two orders and the total amount was about 4500 points of Bitcoin and 140 points of Ethereum. These two orders were orders with relatively high certainty. Our friends who joined at 5100u on 1004 have now reached 225430u

Xiao Liu was born in 1998. He had high consumption and failed business before, and he was in debt of 30. He followed 1654 oil for more than a month and got 56,000 yuan. It was not easy to go around in circles. Now he has got out of debt and is no longer anxious. I am really happy for him, happier than I am. Who hasn't been young? I can understand the difficulties of young people. #TopCoinsJune2024 #非农就业人数高于预期 #币安用户数突破2亿 #美国5月CPI超预期回落 #CRV

1221: Repeatedly jumping across the painting gate. Yesterday, the lowest price fell back to around 91510, which was 10 points away from Lao Song's expected 91500. It quickly rebounded to 95000 in the early morning and then retreated to around 92000. The big cake is currently repeatedly testing the core support area of ​​90500-92500, intending to seek a breakthrough below. ETF outflow of 379 million in a single day. The strategy of continuing the rebound short within the day is very critical on Tuesday and Wednesday. If it can hold, there will be a wave of rebound. If it can't stand it, it will be a big retracement. The expected depth is around 87000.
93500-94000 short target 91000 break to see 89500
3380-3420 short target 3280 break to see 3230

At present, Bitcoin and Ethereum have reached the expected range after the retracement of the position building range. Bitcoin has taken 2,500 points and Ethereum has taken 100 points. Although the operation cost-effectiveness is relatively low, we still have some space. If the US stock market has a retracement after opening, Bitcoin will follow up. The market will become weak after a relatively high position, especially when there are many holidays and the number of people waiting and watching increases. It is enough to make one order every day to take most of the fluctuation space in a day, avoid frequent operations, pay attention to Lao Song, and turn over the warehouse to have a fat year! #$BTC
$ETH

1230: BTC weekly closes with a shooting star, continuing to trend bearish. The daily chart tests support for the fifth time! Most trading assets will be closed for New Year's Day, and the first week of each month is non-farm payroll week; however, the non-farm data has been postponed to January 10th. Most traders have begun to adopt a wait-and-see approach, while some are starting to pay attention to whether MicroStrategy will choose to continue accumulating as a reference. This week, there are temporarily no major data releases, which will relatively lead to reduced liquidity, focusing mainly on rebound shorts. Currently, Bitcoin's price is consolidating around 94,000, with the morning's pullback depth reaching a low of around 92,900, marking the fifth time the daily level has retraced to approximately 92,500. The market is relatively weak, but breaking through decisively is difficult (90,500-92,500 is a strong support zone). Overall trading volume isn't picking up, and there's no momentum to move upward, as mentioned by Lao Song during these low-cost performance periods. In terms of operations, the strategy remains primarily focused on short positions.
Short at 94,000-94,500, target 92,500, if broken look at 91,500, add position at 95,000, if testing back to the weak support area can flip.
Short at 3,430-3,460, target 3,310, if broken look at 3,250.

1229: The market continues to oscillate between bullish and bearish trends. More trading opportunities arise, with frequent profit-taking. Recently, the market lacks hot topics and has many holidays. On the 24th, a wave of rebound occurred, but after four consecutive trading days, it basically retraced all the gains from the breakout. The Christmas holiday in between led to a decrease in overall trading volume. ETF flows have also shifted from one-way inflows to fluctuating inflows and outflows. This wave of profit-taking in the market has not yet concluded, and a one-sided trading strategy may face profit retracement. For intraday trading, the focus should still be on shorting during rebounds. Approaching strong support levels of 90500-92500, one can seize rebound longs.
Long above 94000 with a target of 97000; if it breaks 97500, look for 99000, add positions at 93500.
Short at 96500, add positions at 97000 with a target of 93500; if it breaks 92500.
Regarding Ethereum:
Long at 3310-3340, add positions at 3375, target 3430-3460.
Short at 3430-3460, target 3310; if it breaks, look for 3250.

1227: Repeatedly drawing door washing and筹, the market has many yin and yang trends. In the absence of a trend, trading will become repetitive, entering a period with low cost performance. Yesterday, I reminded everyone that it is easy to shake the warehouse and wash筹, after the pullback around 95000, it will oscillate back and forth. The high short strategy for the day: short at 97000-97500, target 95000, break 93500, pullback does not break 95000-95500 to enter long, target 99000. Ethereum 3450-3480 short, target 3310-3280. Pullback 3250-3280 to enter long, target 3450.

Yesterday, the price rose with a small volume, but today, the price fell with a large volume. The second stretch during the day did not break through well and retreated directly. In the morning, Lao Song reminded everyone that this position is easy to retreat, and it is normal to shake out at this position. Long orders before noon can only get a few hundred points, and short orders in the afternoon will get more. Friends who followed the short orders of Bitcoin and Ethereum should have gotten some. Around 95000 is the support level of the double needle bottoming out and closing the cross star on the daily line. It will be difficult to break through this position all at once. It depends on the situation of the grinding plate later. If it can break through, you can go short and look at 93800. Do it with Ethereum at the same time and look at 3280

1226: Yesterday's overall volatility was not large, both long and short positions could benefit! Since it is Christmas, trading volume has shrunk, and Lao Song also reminded everyone that this trading volume is insufficient for significant actions. On the daily level, there was an attempt to break the 100,000 mark, peaking around 99,800. Due to many markets being closed yesterday, there is no corresponding data available for reference; we can only analyze based on the current market situation. There will be an increase in liquidity during the day, but judging by the current market atmosphere, there is a high probability of a shakeout today. After breaking, there may be a pullback. During the day, one can attempt to go long at 98,300-98,600, targeting 101,200, and if it breaks, watch for 102,400, with additional buying around 98,000. If the break does not have strength, consider reversing. For Ethereum, short at 3,520-3,550 and 3,380-3,400!

1225: In the case of insufficient trading volume, yesterday still closed with a medium bullish candlestick. The trading volume yesterday was significantly lower than Monday. The ETF has seen a net outflow for 4 consecutive days. Today is Christmas, and the overall trading volume is unlikely to be stronger than yesterday. The 4-hour chart broke the resistance range of 96000-97500, but did not break the previous rebound daily high of 99485. Looking at the hourly cycle, there were two attempts to push higher seeking a breakout, but the second high was lower than the first. Yesterday's rebound has already broken the 4-hour trend line. Today, focus on the breakout of 98500-99500. The strategy for the day is to sell first and then buy. The range of 98500-99000 can be sold, with an additional purchase at 99300 targeting 96500. If broken, look for 95500, then consider entering long positions. For Ether, sell at 3480-3510 targeting 3380-3410, and synchronize with Bitcoin.

1224: Bitcoin yesterday was basically in line with expectations, retracing within the range. Friends who joined in basically captured around 5000 points with two batches of orders. Ethereum was also synchronously traded and should have performed well. The lowest retracement was around 92400, which is 100 points off from the expected 92300. Currently, Bitcoin is consolidating around 94000. We are on the eve of a market change, and some funds will flow out during Christmas, which will reduce liquidity. In terms of operations, we are getting closer to the strong support range of 90200-92000, and the rebound strength is decreasing. The market's bearish atmosphere is not sufficient for a significant upward rebound or downward breakout. Overall, the cost-effectiveness is relatively low.
In terms of operations, look to sell on rebounds.
Sell at 94800-95000, add to position at 95500, target 92000. If it breaks, look at 90000.
Sell Ethereum at 3430-3450, add to position at 3470, target 3250-3220. If it breaks, look at 3200 and then 3140. Always be ready to move the stop-loss to protect profits!
$BTC
$ETH

The daily rebound height is consistent with Lao Song's expectations. It rebounded to around 96,500 and then fell back. The current low point is around 94,600. The resonance effect between Ethereum and Bitcoin has been quite obvious in the past few days. You can build a position in Ethereum when building a position in Bitcoin. Saturday and Sunday should have been a consolidation to absorb funds, but it became a consolidation to wash out funds.

So today, after the daily rebound, short orders are safer than directly taking them at low positions. Bitcoin ate 1,500 points and Ethereum 70 points. But no matter which one, you should be vigilant. There will be a change in the market in the first few days of this week, and the direction will be revealed. So you can stop when you see a good opportunity or move the stop loss to protect your profits so as not to spit out. Every day, we will help the market take off, and we will have meat to eat every meal! #比特币市场波动观察 #圣诞行情分析 #本周微策略是否继续增持BTC？
$ETH

1223: The big cake chose to close in the negative on Sunday, and there is a further downward movement. There is a rebound force on the weekend. There is actually a rebound during the day, but each time it is beaten back. Overall, it is still relatively weak. 96000-97000 has become a new pressure and support exchange zone. There is no solid sideways fall and rebound on the weekend. There is a possibility that the market will further test the low position, which is at 90200-92000. The intraday operation is mainly to rebound short orders. 96500-97000 short target 93700 break to see 92300 to cover the position at 97500 Ether 3380-3400 short target 3280-3240 These two days will determine the continuation of the callback or the bullish turning point. Stay vigilant in operation, pay attention to moving stop loss to protect profits, and be prepared to leave the market to protect your principal when there is a reverse fluctuation. There are many opportunities in this market. We are not afraid of slowness, but we are afraid of retreating a lot. It’s okay to take three steps forward and one or two steps back. You will eventually reach the other side!

1222: The rebound height of Bitcoin is around 99500, and Ethereum is around 3550, which is basically consistent with what Lao Song expected. Although there was no pullback for long positions yesterday, short positions on Bitcoin gained about 2000 points, and Ethereum gained about 100 points, which is still quite good. The logic for making profits in the market is simple: just grasp one or two big swings every day. Frequent operations are not necessary. The pressure zone for Bitcoin's long and short conversions is between 99500-101500, and this zone's resistance won't be broken all at once; it poses certain challenges. Yesterday, there was a bullish rebound, partly due to short positions taking profits, and partly due to bottom-fishing long positions. Essentially, the stimulation from previous information will be digested by the weekend, and today will continue to fluctuate, with shorts at 98000-98500, aiming for 96500, and if that breaks, looking at 95600. For longs at 95500-96000, the target is 98000-98500. Ethereum will synchronize with this, and although the market is relatively weak after the pullback, the trend remains predominantly bearish! Currently, Lao Song is helping 58 friends achieve over three times the benefit in the market!!! Stick to Lao Song for a slow pace and big opportunities!

The stretch height of Bitcoin and Ethereum is basically in line with expectations, with no pullback in between before going up. Friends who entered short positions at high levels should pay attention to moving stop-losses. For Bitcoin, a trade can be made every 500 points, and for Ethereum, every 25 points. The view on daily retracement remains unchanged, but liquidity is lower on weekends, so there's no need to be too aggressive!

1221: Powell said good afternoon, and before he finished speaking, a pullback started, with Bitcoin once dropping to around 92200. It may seem like the market is very volatile, but it is actually quite rational; even the last spike near 90200 wasn't reached. This just indicates a washout driven by events. There has been divergence and overbought conditions for a while, and these three days have seen digestion. Lao Song mentioned yesterday that as long as the closing is above 96000, it will basically hold; overall today, it is oscillating above 97000. Over the weekend, it will evolve according to the first scenario we anticipated yesterday, with a higher probability of either sideways movement or a slight rebound. The support range below is between 95500-96000, and the resistance range above is between 98000-98400.
Today's operation involves buying on the pullback and then shorting at the high.
Buy between 95500-96000, target 98000; if it breaks above 98500, watch for 99500; if it doesn't break, consider shorting, with a target at 95500; if that breaks, look for 94300.
For Ethereum, buy between 3390-3420 with a target of 3520-3540; if it doesn't break 3530-3550, consider shorting with a target of 3400-3370.

If the rebound is weak, open a short position. If the idea is right, eating meat is as easy as drinking water. Do it with the idea of ​​first do and then kong during the day, and eat 2500 points of meat. Auntie also eats 100 points at the same time. The range is given and the script is given, and the market follows. The bull market is mostly plummeting, and the bear market is mostly sideways. It is easy to operate when there is space! This week is definitely a week full of harvest! Eat more meat and have a fat year! #加密市场回调 $BTC $ETH

There is no chance to follow the waterfall in the US market in the early morning, so you can just follow the rebound and repair in the Asian market. The operation is actually quite simple. At present, this wave of callback is not only for other targets of Bitcoin, but also for US stocks and gold, but the overall bullish trend has not changed much. It is consistent with Lao Song’s expectations. If it falls back to around 96,300, it will rebound. Friends who are operating should have eaten up nearly 2,000 points of space in the first wave of orders today. Ethereum has about 50 points of space. Determine the thinking of the day, step on the rhythm, and don’t spend too much time watching the market. Today’s first wave of orders are being reduced. Pay attention to Lao Song and help the bull market continue to turn over!

Daily Cryptocurrency Update (2024-12-20)
1. IMF: A comprehensive assessment will be conducted when Trump's U.S. strategy for Bitcoin reserves is implemented.
2. Jefferies Report: Bitcoin miners are expected to be profitable in December.
3. Bitwise CIO: This pullback in BTC is merely a temporary fluctuation and does not change the long-term bullish trend of the crypto market.
4. IMF applies financial pressure, and 'Bitcoin Nation' El Salvador makes a compromise.
5. Metaplanet issues 5 billion yen in ordinary bonds to accelerate Bitcoin purchases.
6. Blockaid Report: Over half of new crypto tokens in 2024 are associated with malicious activity, with fraud losses reaching $1.4 billion.
7. The U.S. SEC has accepted the submission of Franklin Crypto Index ETF amendment.
8. Data: The number of active cryptocurrency users in Hong Kong is currently estimated at only about 100,000.
9. The U.S. SEC approves Hashdex to launch the Nasdaq Bitcoin and Ethereum Crypto Index ETF.
10. Binance User Survey: 23.89% of respondents believe AI tokens will dominate market growth in 2025, while 16.1% hold Meme coins.
11. Japanese listed company Metaplanet announces the issuance of the fifth phase of 5 billion yen bonds to accelerate Bitcoin purchases.
12. Chainalysis: North Korean hackers stole $1.3 billion worth of cryptocurrency in 2024.
13. German regulators order Worldcoin to delete biometric data of human eyeballs.

1220: The Nasdaq index fluctuated and closed with a long upper shadow shooting star, while Bitcoin continued to pull back by 2.74 percentage points. Yesterday, Old Song also mentioned that the position at 102000 was not stable and there was room for a pullback, so we adopted a strategy of going long first and then short, essentially capturing 90% of the intraday range. In recent days, the large space was tested in the early hours, and many Asian traders might have been resting and missed the opportunity. In fact, this week has higher operability compared to the previous weeks, with more certainty regarding the pullback; the previous weeks were all divergences, and shorting didn't yield much. However, the pullback in the past two days has been substantial. If the European and American markets decline, the Asian market will likely have a corrective rebound. At this point, we continue to follow a rebound long, and then if there is no momentum, we will short! Pay attention to the upper range of 98391-98744 and the lower range of 95674. If it breaks down, watch 94265. Intra-day long at 96300-96800, with a target of 98200, if it breaks, look at 98744 aiming for 100500-101000. If the rebound lacks strength, we can short in the opposite direction, targeting 95700, and if it breaks down, we can look at 94500 while synchronizing with Ethereum.