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Bitcoin broke below the support level of 76,200 last night, then pulled back above this level in the early morning.
Currently, the lower boundary of the flag pattern at 76,770 is the key resistance level for Bitcoin.
If it can re-enter the flag range, the previous downward trend will stop, and it will attempt to test the neckline at 77,400.
Last night, Dodo still suggested paying attention to this neckline level.
What needs to be noted here is that only a complete breakthrough of the 77,400 neckline will break Bitcoin's downward trend,
reopening the upward channel, with the target lo
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Currently, BTC is slowly moving down within a channel. Judging from the order-book situation, this round of the downtrend has basically bottomed out. But the order book is “dead,” while people are “alive.” It can only be used as a reference and can’t be the only reference. Maybe in the end, it will come one more long wick to probe the bottom!
But chasing for a bounce right now isn’t a good deal in terms of cost-effectiveness. Unless the price decisively breaks below 76,000, the downside room is sealed off—there’s no need to trade a watermelon for sesame seeds.
In terms of the one-hour order bo
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Bitcoin has now completely broken through the short-term upward price channel.
Yesterday, before losing the key support at 77,400, the market saw a slight rebound,
rising near the resistance level of 78,400, but the buying momentum couldn't sustain,
and it failed to hold above this resistance level.
After the rebound and breakout attempt failed, it continued to weaken downward,
relying on the decline to find new support levels for buying,
and subsequently, it directly broke through the price channel and the core support at 77,400.
Currently, from the market perspective, the previ
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For the past three days, Big Cake has been swinging back and forth, oscillating and shaking everyone’s nerves, but fortunately it has finally arrived at a strong pull-up and broken the dull range-bound structure. After Big Cake first consolidated in a triangle form, it repeatedly pulled back to test support along the upper edge of the triangle. Each time it retraced, it held firmly and didn’t drop—so the chart signals were especially clear. This position is strong support for a “push” (do), and it was reinforced with four good opportunities to get on at the lower levels. These days, the “silk
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Bitcoin sentiment is extremely dull, to the point of being completely suffocated. The price action on the chart is basically flat, with no meaningful up-and-down movement. It has been grinding sideways in place, consolidating and reorganizing. This Saturday, Bitcoin sentiment will most likely continue this same choppy, ranging structure, with no unexpected moves. But everyone must remember: the longer the range-bound grind continues, the bigger the volatility will be once the price eventually breaks out of the range.
At the moment, Bitcoin is being dragged back and forth within a flag-shaped c
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Is the bull trend for the “big cake” still here? The carnival of the bulls is coming?
Right now, the big cake has been stuck in a fixed range, chopping sideways and oscillating back and forth. Everyone doesn’t need to pay attention to the two sharp downside “needle” drops that briefly happened yesterday—they’re not very meaningful as a reference. From the hourly chart, it’s clear that the big cake’s lows have been gradually rising. Although it hasn’t yet pushed out to a new high, the momentum for an overall rebound has already started to build.
As long as, during the subsequent pullback, it do
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In the past two days, Bitcoin’s market is no different from a scumbag—its price keeps flipping back and forth, dangling you along. Earlier, Bitcoin first dumped and fell below a key support level. After briefly breaking through the 74,890 level, it quickly rebounded. Not only did it reclaim that level, but it also formed a bullish chart pattern. After that, it surged all the way up, breaking through the 76,272 resistance level. After circling around, it returned to the original consolidation range. After all that running around, the price basically didn’t change much—it was all a big waste of
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Bitcoin breaks above 76,600, can the bullish trend continue?
Bitcoin's recent rebound momentum is still strong, but it hasn't stabilized above the key level of 76,280. As mentioned yesterday, until this resistance level is broken, all upward movements can only be considered a rebound, not a confirmed breakout. As expected, Bitcoin failed to push past 76,280 twice and is now starting to retrace and consolidate.
Why is 76,280 so critical? Because it was the highest point of the rebound after falling from 78,330. At that time, it couldn't break through, which led to a continuous decline down to 7
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Is the Bitcoin trend completely disappearing? Is the frenzy over?
Currently, Bitcoin has already fallen below 74,000, after a previous decline followed by a natural rebound, first testing the 76,200 level, then surging to a new high of 78,323, and then starting to retrace, even breaking through the support level of 76,272. When it dropped to 74,890, it temporarily stopped falling and rebounded, but after the support of 76,272 was broken, it turned into resistance, and the rebound was blocked at that level, unable to push higher.
Subsequently, the second rebound still failed to break through 76
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Currently, Bitcoin's trend continues to decline downward, first retracing to the upper boundary of the bullish flag pattern, but not stabilizing, and then dropping back into the flag range to continue oscillating. Right now, Bitcoin is supported by the 75453 level, which prevents it from falling further, but once this support is broken, it will inevitably test the lower boundary of the flag, which is at 73426.
If even 73426 cannot hold, the previous bullish consolidation on the hourly chart will be completely over, and the price will directly fall into the 70511-73426 range, repeatedly oscilla
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Bitcoin has been fluctuating in a range for several days, finally choosing a direction yesterday and continuously hitting new highs. This strong surge must be making the market sentiment uncomfortable. Actually, we also have to thank the market makers; it is their relentless effort in pushing the price that has given the bulls the momentum, making the rally so powerful.
After reaching a new high of 78,300, Bitcoin formed a high pullback candlestick, indicating significant resistance above. Subsequently, the price retreated, falling below the support level of 77,375. A sharp rise followed by a
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Bitcoin twice failed to break the 76,000 resistance level, but luckily the second peak was higher than the first—this is a positive signal. If every attempt were lower than the previous one, the momentum would be completely ruined. As the old saying goes, “it doesn’t happen more than three times.” If the third attempt still can’t break 76,000, the bulls’ strength will be exhausted, and most likely there will be a deep pullback—buying at the bottom to rebuild momentum.
Next, focus on 74,266, the key neckline level. As long as the pullback does not dip below it, the third attempt to hit 76,000 w
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Market fluctuations have always had opportunities; those who are confused and stuck will eventually see through the direction.
Yesterday midday, I proactively opened a position on Bitcoin, entering directly within the 73,288-73,788 range, and the trend followed the prediction perfectly.
The four-hour chart surged all the way up to 75,420, capturing nearly 1,800 points in a stable range.
In trading, maintaining a calm mindset is essential; observe the market trend clearly and don’t let the ups and downs disrupt your rhythm.
Let go of past gains and losses, and just follow the current ma
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Bitcoin is still standing strong—hasn’t fallen!
Yesterday, the big coin tested downward twice in a row, but the closing price still never broke below 73776, and it kept moving at this level while forming a small double bottom pattern; then it started to rebound. During the rebound, it surged upward to a high twice more, but the closing price also couldn’t firmly stay above 74826. Still, the second high was higher than the first, so the move is fairly healthy.
At the moment, as long as the big coin pulls back without falling below 74430, there’s no need to go test the 73770 support again; once
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Will the positions of the Air Force be directly wiped out when they wake up tomorrow?
The entire market is filled with a bearish atmosphere; you can follow the trend accordingly, but never blindly follow the crowd or go with the flow!
Calmly and rationally view the market, see through its true nature.
$BTC During the midday and evening, I publicly reminded everyone to position for short positions, precisely indicating the key range of 73,288-77,880, and the market perfectly confirmed the Silk Road.
Currently, Bitcoin has reached above 75,200, and the short positions have gained nearly
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Bitcoin pullback signals hidden information! Clear resistance and support—long opportunities are already locked in
Bitcoin’s rally still hasn’t fully ended. For it to truly turn into a downside drop, it most likely needs to surge upward first—either a false breakout of 76,000, or a move to around 76,000 to form an hourly double top pattern, and then after breaking below 71,431, that key level, the hourly uptrend will be over. The overall uptrend remains very solid.
Why did Bitcoin pull back immediately after touching 76,000? Because that level traps many traders who went long earlier. After th
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There is always a path to the summit on a tall mountain,
There is always a boatman to cross the vast sea.
On the trading road, there is no unchanging direction; market conditions change in an instant, and stubbornly holding on will only cause missed opportunities.
Knowing how to adjust with the trend, make decisive choices, and switch between bullish and bearish rhythms in a timely manner is far more important than blindly persisting.
Having a steady mind, discerning the trend with your eyes, not dwelling on the past, only going with the flow of the present.
If you walk, you will sur
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