The Bitcoin correction has not ended, and the highs present opportunities to short!
Yesterday, the Bitcoin bears took advantage of the situation, and in just 2 trading days, Fan Ge captured over 10,000 points, perfectly taking profit in the 97,000-94,000 range! The entire network's secondary public short positions were also executed perfectly twice!
Based on the assessment of the overall market's tendency to rise and then fall, the secondary short position strategy was born. From yesterday's series of short-term trading operations, it is clear that we still do not see the current Bitcoin market rebound as a signal of trend reversal, but rather as a typical rise and fall pattern, with the overall market still deeply entrenched in a volatile pattern.
Today's strategy:
Short Bitcoin around 97,800, targeting 96,000/94,000
The Bitcoin correction has not ended, and the highs present opportunities to short!
Yesterday, the Bitcoin bears took advantage of the situation, and in just 2 trading days, Fan Ge captured over 10,000 points, perfectly taking profit in the 97,000-94,000 range! The entire network's secondary public short positions were also executed perfectly twice!
Based on the assessment of the overall market's tendency to rise and then fall, the secondary short position strategy was born. From yesterday's series of short-term trading operations, it is clear that we still do not see the current Bitcoin market rebound as a signal of trend reversal, but rather as a typical rise and fall pattern, with the overall market still deeply entrenched in a volatile pattern.
Today's strategy:
Short Bitcoin around 97,800, targeting 96,000/94,000
Bitcoin 101000 segment short position is fully in place, gaining an additional 3000 points, totaling 7000 points!
Currently, with the price spike, even those who didn't catch the lowest just now have at least a segment profit of 97000, which is 4000 points.
Congratulations to all friends who followed Wenfan's top call, in just two days, combining short-term and segment strategies, achieving over 10000 points of space! $BTC #
Shorted at 99600 for the second time, and then fell to 98300 as expected, and got another 1300 points!
The market at the beginning of the week is very simple, just continue to short when it rebounds, if you are not sure, please contact Wen Fan $BTC #美财政部称BTC“数字黄金”
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In the afternoon, we went short at 99600 and it went down to around 98300. We left the market at 98500 and won 1100 points.
We continued to go short at the current rebound around 99600, and the strategy remains unchanged!
Yesterday's market price was more than 98900, and the perfect profit was taken at the 100500 area, winning 1600 points; at the same time, 101000 short, today's low of 98500 also has 2000 points of space.
Overnight, Bitcoin as a whole was still in a box shock, and the bulls could not rush. Of course, Brother Fan's 101000 short fell to the 99000 line. In the short-term, the orders have been harvested and left the market. Today, the short position will continue to be the main position, and the 99600 will be directly short.
Bitcoin's 4-hour moving average has obviously turned downward. Every time there is such a sign, the K line will inevitably fall with the trend and will inevitably deviate from the moving average. So this time it is also inevitable that the line will turn downward. The price of the currency will fall during the day, and it is also the resistance of the moving average of 99800. Short, 99600 is directly short.
Specific strategy: 99600 directly short, defense 100500, target 98000.
101000 band short is normally held. $BTC #美财政部称BTC“数字黄金”
Yesterday's market price was more than 98900, and the perfect profit was taken at the 100500 area, winning 1600 points; at the same time, 101000 short, today's low of 98500 also has 2000 points of space.
Overnight, Bitcoin as a whole was still in a box shock, and the bulls could not rush. Of course, Brother Fan's 101000 short fell to the 99000 line. In the short-term, the orders have been harvested and left the market. Today, the short position will continue to be the main position, and the 99600 will be directly short.
Bitcoin's 4-hour moving average has obviously turned downward. Every time there is such a sign, the K line will inevitably fall with the trend and will inevitably deviate from the moving average. So this time it is also inevitable that the line will turn downward. The price of the currency will fall during the day, and it is also the resistance of the moving average of 99800. Short, 99600 is directly short.
Specific strategy: 99600 directly short, defense 100500, target 98000.
Bitcoin remains in consolidation; where will it go next week?
Over the weekend, Bitcoin briefly surged before falling, but it still hasn't broken out into a clear trend, remaining in a consolidation phase.
The rapid drop on Friday was followed by a rebound, maintaining a sideways trend, but the overall tendency towards consolidation suggests a significant divergence between bulls and bears at the current price. In the short term, no decisive breakthrough has been achieved. Given the recent pronounced consolidation, there remains uncertainty about whether a quick directional choice will be made; thus, trend trading may require patience as the market makes its own decisions.
On the daily chart, the price is still under pressure, remaining below 101,000, with the candlesticks reluctant to rise, also staying underwater. Furthermore, the candlestick is showing an upper hammer line, indicating a weak rebound and insufficient bullish momentum. Of course, directly below is a steep cliff, and the moving averages are gradually trending downwards.
Regarding next week’s layout, the overall direction is bearish, expecting a pullback; in the short term, bulls are resisting fiercely, with the downtrend being repeatedly reversed by bulls. However, the expectation of a final drop is unaffected by the rebound. In the short term, a high-short strategy can be employed. Next week, focus on shorting in the 101,500-100,000 range; the main short strategy starts immediately.
Weekend evening strategy:
Current price 98,900, go long first, with a stop at 97,800, aiming for 100,500.
For the rebound at the 101,000 area, directly short in waves, looking at the 97,000 area!
Will Bitcoin rise again this weekend? Analysis of this week's trend and trading suggestions
Wen Fan has no fancy language here, no extravagant boasting, just patience to remain humble in victory and resilient in defeat. We approach the market with the most genuine attitude, hoping that my years of experience can provide friends who invest in the market with a reasonable and scientific solution to add value to their investments, though it would be unrealistic to expect to always provide help at the right moment. I hope to communicate with you who are confused and lost!
This week, Bitcoin hit a new high, breaking 100,000, coinciding with a washout of 10,000 points, which has reshaped the understanding of the market for cryptocurrency players. Such market conditions have left no one immune to losses or even liquidation, while Fan Ge is the only one who avoided this extreme market situation.
After facing resistance this week, the bullish positions were sold off and prices fell, but there are still buy orders at lower prices after the decline. The temporary drop is not expected to last long, and Friday marks the release of significant non-farm payroll data, with gold price fluctuations being limited; we will focus on this week's non-farm payroll data.
The recent range fluctuations in Bitcoin over the past two days reflect that the market is still digesting changes in the fundamentals. The current price is situated between key support and resistance levels. In the short term, if the price breaks below the 96,600 support level, it may further test the 90,000 threshold. If support is lost, the price may extend below this week's low of 90,000. Conversely, if the price breaks upwards past the 102,000 resistance zone, it will open up greater upward potential for the bulls, with further targets in the 103,000 range. If the breakout continues, it may reach the psychological level of 110,000. Daily technical indicators show that the current market is in a neutral zone, suggesting that the short-term trend may still require more external driving factors.
On the 4-hour chart, the range-bound trend is evident, with the range set between 98,900 and 101,000. The strategy within this range is to sell high, and during the weekend, the main operation will focus on selling high during rebounds, with buying at lower levels as a complementary strategy.
Yesterday, we suggested going short at 94700, but the market unexpectedly rose. We arranged for additional purchases at 96100, averaging around 95300, and we have just exited with a small profit.
Today, Wen Fan continues to mainly go long. If the cryptocurrency price drops, we will go long, maintaining around 95000. The focus is still on going long, and 95300 can be directly bought long. Fan has already entered the market quickly, aiming for a target around 96300.
Specific Strategy: Bitcoin long at 95300, stop loss at 94500, target at 96300$BTC #市场回暖新机遇 #比特币盘整分析
Continue to short today, the trend at the beginning of the week will affect the trend for the entire week, and a pullback on the weekly chart breaking lower is inevitable. This week, it will definitely break below the 90000 area, so we must seize the opportunity, with pressure concentrated in the 94900 area.
As of now, we have achieved a winning streak of over 20 consecutive victories!
Woke up to find my position gone, turns out it was a take profit! One trade made 3400 points!
Last night I clearly indicated a short at 94400, with a target of 91000. The market perfectly reached below 91000, capturing 3400 points directly! $BTC #比特币盘整分析 #比特币关键区间
Exited the short position at 95000 for 2500 points, no operations
Currently, the market shows no signs of rebounding or easing. This evening, we will continue to short on the rebound, with the high points continuously moving lower. 95000 has become a resistance.
In terms of operations, short at 93800-94400, with the target looking down at the 91000 area! $BTC #比特币盘整分析 #比特币关键区间
The week started with setbacks, how to choose between long and short positions during the day?
Bitcoin experienced a sharp drop after a high in the previous trading day. What caused such a drastic decline? How should we view Bitcoin's trend in the current trading day?
On one hand, the profit-taking sentiment surged early yesterday, from 96300 to 98000 with a 1700 point movement. At the same time, a large number of profit-takers rushed out in the 98500 area, eager to cash in on their profits, causing the price to plummet like a free fall to around 92600.
After such a steep decline, how should we view the subsequent market?
The appearance of the bullish candle last week gave the bulls great hope. This week, the market has basically shown a one-sided bullish pattern, with the coin price also peaking at 99000 in the early session, seemingly bright for the bulls. However, this sudden large bearish candle mercilessly shattered the bulls' dreams. The appearance of the bearish candle, especially a single candle engulfing multiple bullish candles, is an extremely unfavorable signal. Generally speaking, under such circumstances, even if there is no continued decline, the likelihood of a direct rebound in the short term is almost negligible. Therefore, today we need to focus on the resistance level around 96000; this level is not only a key integer point but also a crucial dominant position in the previous Bitcoin rising process, with support below at 90500. This week's range trading can revolve around this range.
Based on the above analysis, after the significant drop in Bitcoin during the previous trading day, it is very difficult to reverse the downward trend during the day, so we mainly focus on short positions.
Trading Strategy:
Short Bitcoin in the range of 95200-95800, with a stop loss at 96200, daily target at 93000, with a swing target looking at around 90000, short-term traders can exit once they secure more than 1000 points. $BTC #比特币盘整分析 #比特币关键区间
The week started with setbacks, how to choose between long and short positions during the day?
Bitcoin experienced a sharp drop after a high in the previous trading day. What caused such a drastic decline? How should we view Bitcoin's trend in the current trading day?
On one hand, the profit-taking sentiment surged early yesterday, from 96300 to 98000 with a 1700 point movement. At the same time, a large number of profit-takers rushed out in the 98500 area, eager to cash in on their profits, causing the price to plummet like a free fall to around 92600.
After such a steep decline, how should we view the subsequent market?
The appearance of the bullish candle last week gave the bulls great hope. This week, the market has basically shown a one-sided bullish pattern, with the coin price also peaking at 99000 in the early session, seemingly bright for the bulls. However, this sudden large bearish candle mercilessly shattered the bulls' dreams. The appearance of the bearish candle, especially a single candle engulfing multiple bullish candles, is an extremely unfavorable signal. Generally speaking, under such circumstances, even if there is no continued decline, the likelihood of a direct rebound in the short term is almost negligible. Therefore, today we need to focus on the resistance level around 96000; this level is not only a key integer point but also a crucial dominant position in the previous Bitcoin rising process, with support below at 90500. This week's range trading can revolve around this range.
Based on the above analysis, after the significant drop in Bitcoin during the previous trading day, it is very difficult to reverse the downward trend during the day, so we mainly focus on short positions.
Trading Strategy:
Short Bitcoin in the range of 95200-95800, with a stop loss at 96200, daily target at 93000, with a swing target looking at around 90000, short-term traders can exit once they secure more than 1000 points. $BTC #比特币盘整分析 #比特币关键区间
A rebound of 1000 points is just a wave of recovery, short-term profit is exhilarating!
Operations need to be flexible, in a fast-moving market, I naturally cannot take care of the community, those who understand will understand! $BTC #比特币关键区间 #BTC创历史最大月度涨幅 #比特币突破10万?
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Current price 95200 directly buy, defend 94700, target near 98000! $BTC #BTC创历史最大月度涨幅 #比特币突破10万?