【Violent surge, $10,000+ plunge, this wave wiped out 15 billion CNY liquidity last night, 215,366 people sacrificed!】
BTC/ETH Market Analysis at 9:42 am on March 6, 2024
In the past two days, Bitcoin has been unstoppable, breaking new highs is inevitable. Brother Sao explicitly tells you not to doubt the speed of the dog's sickle. This is not a multiple-choice question, but a reaping question. Violent surges and plunges are inevitable results. Last night, there were continuous reminders not to FOMO after reaching new highs, the first step is to reduce positions, and the entire network was informed that Brother Sao had reduced 80% of his position.
Last night, when Bitcoin was about to break through $69,000, Brother Sao spent half an hour just redeeming the noses from the fixed investment, but fortunately, on average, almost all the noses doubled!
Some people say I am "timid," but this statement clearly shows a lack of understanding of me. I have been holding for half a year, and my position is basically filled. The current rate of return is also not bad. Isn't it normal for me to take profits from 80% of my position?
However, I still haven't cleared my position, after all, I really can't bear the $26,000 Bitcoin, and I can't bear the $230 BNB either!
Today's BTC Focus
Support: 61,500/57,000/51,800/49,000
Resistance: 66,000/69,000
After last night's battle, Bitcoin directly achieved a historic high, and after a $10,000+ plunge, the main force also took the profits of the historic high! Risk and return are always relative, but without a huge capital as a backing and a reasonable operation combination, it is difficult to compete with institutions. After last night's battle, the market has calmed down for a long time. Those who were impulsive last night have been harshly educated by the market. They will have to wait for their paychecks before they can get impulsive again! Therefore, the weather after the storm will be particularly clear, and today's market will follow the indicators very standardly!
ETH Focus
Support: 3,250/3,000/2,851
Resistance: 3,800
Similar to Bitcoin, today's trend will repair the indicators, and it is highly likely to once again educate those who hesitate and linger, such as cutting losses, finding that it has risen a lot today, chasing after it, and then finding that it has stopped rising. In fact, it's just FOMO at work, chasing highs and killing lows! For those who reduced positions last night, wait for the market, don't rush, wait for clear signals to emerge before taking action!
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