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Although Bitcoin rebounded strongly and broke through 69,000, it quickly retreated afterward. Market sentiment is somewhat complex, but currently it remains within a range of consolidation. As mentioned earlier, before breaking through the range, there's no need to overly worry about a one-sided trend. Both bullish and bearish opportunities exist around the range for short-term trading.
Currently, the battle between bulls and bears is intense. While neutral sentiment leans slightly toward bearish dominance, there is still some short-term upward rebound momentum. Keep an eye on the support arou
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BTC was stimulated again by market news to attempt to break through 69,000 but quickly retreated, indicating heavy selling pressure above and typical of a pump-and-dump. Silk露 also reminds that this level has not stabilized and there is still a possibility of a further decline, with the target of 66K-67K still on track.
Currently, the market is in a weak consolidation pattern. Although the technicals are in the early stage of bottoming out, the daily chart favors the bears. In the short term, a rebound can still be used to short, but attention should be paid to the key level of 66,000. If vo
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In the crypto world, have you ever wondered why some people can turn tens of thousands into hundreds of thousands, while others watch their accounts shrink day by day?
Those who lose money often can't resist a little temptation.
When they see prices go up, they can't help but chase, afraid of missing out on the next rally;
When they see prices fall, they can't resist cutting, fearing further losses;
It's a classic case of chasing gains and selling at the top.
Usually, they’re eager to enter the market after a day of holding cash.
And what’s the result?
Those chasing the highs get
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ETH, influenced by the easing of geopolitical tensions, has shown a rebound after a previous continuous decline, with a rebound pattern similar to Bitcoin yesterday.
Currently, it is fiercely battling within the 2000-2160 range. Although the technical indicators show that the resistance above remains heavy, the overall market has not yet broken out of the consolidation pattern. If it can volume-wise stabilize above 2160, the rebound may continue to move higher. Conversely, if it falls below the 2000 mark again, the rebound could end, facing the risk of accelerated decline.
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Yesterday's two major coins still arrived as scheduled. After a pullback and correction, they found support at 66K and rebounded, then oscillated upward to approach 68,500.
Currently, the market is in a fierce battle between bulls and bears around 68,000.
The 10, 50, and 200 moving averages are all above the current price, forming a typical bearish structure. A strong move above the 69,000 level with increased volume would indicate a breakthrough of the 50-day moving average resistance, potentially reversing the short-term bearish trend.
If the price cannot hold above the 68,500-69,000 z
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Bitcoin repeatedly attempted to break through 68,000 but was met with resistance and pulled back. The current market remains in a state of extreme fear, oversold rebound phase. After short-term fluctuations up and down, it recovers but still remains within a wide range of oscillation.
This is a technical correction rather than a trend reversal.
Although neutral moving averages are below the 50 and 200-day moving averages, indicating a bearish trend,
the overall structure on the hourly level has broken through the downtrend line.
RSI has risen above 50, indicating short-term momentum is
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After weekend adjustments, BTC dipped to around 55,000 early in the morning and then rebounded, which also precisely hit the target of the previous embedded wave pattern and achieved gains.
Currently, looking at Bitcoin (BTC), after experiencing a nearly 50% correction from the recent high, it is testing the support zone of 65,000-66,000. This is also a defensive area where multiple attempts to break through this year have failed. If it falls below this zone, it could trigger panic. The nearby support levels are at 62,000 - 63,000, supported by substantial buy-in.
If it can hold, the targe
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The two major coins are under dual pressure from geopolitical tensions and tightening liquidity, breaking below the 70,000 mark and continuously breaching key support levels. Recently, I have been bearish and shorting, and I continue to attempt shorts during the day. BTC and ETH still fall short of expectations. A wave of profit-taking of 3,400 points / 73 points.
Profits that can be held are true profits; unrealized gains don't count as earnings. Taking profits and implementing risk control are the long-term strategies.
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Yesterday, BTC faced selling pressure across the board, with a continuous downward fluctuation, effectively breaking below the 70,000 level and dropping to around 68,000. Silk露 also indicated a mainly bearish outlook with some bullish signals, providing two perfect exit points for both scenarios.
Currently, on the daily chart, a large bearish candle has formed, showing a bearish alignment. The four-hour moving averages have already formed a death cross. The price is now oscillating around 68,000, which is a focal point of the battle between bulls and bears. In the short term, the bearish trend
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ETH is currently in a short-term rebound correction phase within a cyclical bearish structure. Before stabilizing above 2200, the market remains volatile within the range. In the short term, watch the 2200 resistance area above, which is also the 50-day EMA resistance zone. If a volume breakout occurs, it could move higher.
In the short term, pay attention to the first support level at the 2100 integer mark; as long as it remains unbroken, consider attempting to buy near that level. If it fails and breaks below, the price could decline to around 2065 or even near 2000. Conservative traders m
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Currently, Bitcoin appears to be in a high-level consolidation pattern, with bulls and bears engaged in fierce competition near the 70,000 level. No clear unidirectional trend has formed yet. The downside momentum on the daily timeframe is weakening, but upside moves also lack sufficient strength. The market is currently oscillating within a range with resistance above and support below, with prices generally lingering within this zone. Before breaking out of the range, treat it as a range-bound trade and avoid chasing rallies or panic selling.
For intraday analysis, resistance is seen near 71
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Currently, after a day of intense tug-of-war, the price level remains at this point. In terms of positions, short-term trading has successfully captured several waves, and there were also reminders during the process. During the phase when the bulls and bears have not yet broken out of the range, opportunities for short-term high selling and bottom buying are available. In a ranging market, it should be treated as such and approached with patience.
Currently, the overall outlook is that Bitcoin is holding at a critical support level. At the same time, the market shows signs of weak momentum an
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ETH experienced a sharp reversal and a V-shaped rebound from the 2023 level, currently stabilizing around 2150, with a fierce battle between bulls and bears.
At present, ETH is at a critical decision point. Whether it can effectively break through 2190 in the short term is key to determining the direction, while 2100 serves as the short-term support level. Until a clear breakout occurs, the market is likely to remain volatile, possibly falling back to the 2000-2030 range. If this V-shaped reversal pattern fails, it could trigger an accelerated decline into the low 1000s.
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BTC experienced a sharp decline during Black Monday, but is now showing a technical rebound after a large bullish candle recaptured the 71000 level. Yesterday I also reminded about the dense locked-in area around the 71-72 key resistance zone, and the market precisely touched this region as expected.
Currently, BTC is in a weak rebound phase following a pause in news sentiment. Although the 71000 level has been regained, there is significant resistance above, and liquidity has not substantially improved. Overall market sentiment remains fragile with intense long-short competition.
During the d
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The market is always right; only obsession, position, and emotions are wrong. Don't fight the trend; just follow it.
Shiraima has already warned about the dense zone at 71-72K. Whenever Bitcoin attacks as scheduled, it's an opportunity to scoop up cheap coins. Let's continue to trade across the market together for the new week.
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Since Ethereum aggressively rallied and pulled out 8 consecutive daily green candles.
Affected by hawkish interest rates, it has declined and recovered with nearly 7 consecutive red candles.
Currently, the short-term correction still awaits a significant drop over the next one or two days.
Today's pullback is just an appetizer; tomorrow will see another major wave.
Only when the price drops to a level where no one dares to buy will the market show its bottom.
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ETH market sentiment remains weak. After two days of adjustment, it has failed to hold above the 2100 level. On the daily chart, the moving averages are positioned below the 50-day and 100-day lines, forming a bearish alignment indicative of an established downtrend. The daily RSI is below the 50 neutral level and daily momentum remains sluggish, with no clear bottom reversal signals emerging. Additionally, the MACD is below the zero line and in bearish territory, indicating that bearish momentum is strengthening, with significant short-term pullback pressure.
Therefore, it is highly likely th
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After the weekend adjustment, the market has continued to decline as expected with the key support level approaching crisis. Currently, all moving averages within 120 days have been broken through. The 71,000-72,000 range is suppressed by moving averages in the short term and represents a dense resistance zone that will be difficult to break through before a trend reversal.
The 70,000 level has already been lost in the short term and has turned into resistance. Key focus is on the 68,000 support level, which has been tested multiple times recently. A breakdown will shift overall momentum towar
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Extreme panic is back! Last time when fear hit 7, ETH went from 1900 to 2390, a nearly 500-point surge in one go—those who caught that wave know how juicy it was.
Now the index is back around 10, practically at the lowest point zone. Will history repeat itself? Nobody can guarantee it 100%.
But there's a pattern worth pondering:
During extreme panic, retail investors are usually cursing, while whales are accumulating; retail is cutting losses, while institutions are counting their U's.
Panic isn't something to fear—it's something to watch closely for opportunities. If you missed the move at 7
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In a blink of an eye, it's the weekend again. Bitcoin and Ethereum continue to oscillate as expected. Meanwhile, the oscillation range is being treated around the oscillation itself, and currently Bitcoin is in a critical phase of technical structure support gameplay. Before breaking out of the 68K-72K range, the market will likely maintain oscillation, but one should also be vigilant against weekend pinning risks.
Given that weekend liquidity is typically poor and price action tends to be amplified, in the short term one can wait for a pullback to test the 68000-69500 range and stabilize, the
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