When others are fearful, I am greedy; when others are greedy, I am fearful. This is a phrase familiar to traders, but very few can truly apply it.
The second sentence is how to outperform more than 90% of investors? First of all, you must be completely opposite to 90% of people in many aspects, which is what we often call going against human nature.
As early as 24/03/08, the Egyptian currency collapsed and fell by 40%, and Bitcoin's previous high was rejected in a day. Beware of short-term callback risks?
24/03/11 BTC hit a new high of 70,000, but the rebound over the weekend was rejected again. Beware of short-term callback risks.
Moving on to the recent 24/04/08, 12 days before the Bitcoin halving, it is under pressure below the convergence triangle, reducing positions and waiting for bottom-fishing opportunities.
24/04/10 Bitcoin's convergence triangle false breakout, increasing risks before the halving, waiting for medium to long-term layout opportunities?
24/04/12 Bitcoin's short-term needle insertion, unable to break through the pressure, a substantial decline is inevitable during the halving period?
24/04/13 Bitcoin's multiple tops before the halving, a major distribution, is it a bottom-fishing opportunity or will it continue to decline? Will a black swan event occur?
24/04/16 Miners selling off before the halving, fearing a significant downward pressure on BTC, the risk of a decline is still unresolved.
24/04/25 BTC halving turns bearish, beware of a sharp decline at high levels. Previously warned that a substantial decline would come after reducing positions.
24/04/29 BTC monthly outflow signal, no breakthrough of important resistance, beware of a sharp decline.
24/04/30 Hong Kong ETF listed below the issue price, BTC spiked to 64,500, but the rebound is weak and the bearish trend is strong.
There must be analysis and operational errors in the middle. Small retracements can be understood, but fundamental errors cannot be made.
Bitcoin spiked to 65,500 and then continuously fell to 62,100, while Ethereum fell to around 3,000 near the MA120. The recent market is very boring, with small declines in both Bitcoin and altcoins, and the ETH/BTC exchange rate has not yet completed its decline from a technical perspective and is rebounding effectively. So, as always, we advocate bottom-fishing first in Bitcoin and Ethereum. If neither of these two coins forms a decent bottom and rebounds, then the altcoins are just oversold rebounding in a small market.
On April 24th, we discussed that the future manipulation of Bitcoin is becoming more and more like the manipulation of US stocks, controlled by American capital. The Dow Jones Industrial Average has experienced many crashes or stock market crashes in its hundred-year history, but eventually reached new highs and resolved them. The gold ETF also experienced a period of oscillation and adjustment through short-term fluctuations in 2004 before embarking on a slow bull market lasting 10 years, and recently broke through to new highs again. It is also noted that 168 asset management companies have disclosed their holdings of BlackRock IBIT, and the Hong Kong Bitcoin spot ETF saw net redemptions for the first time yesterday, totaling 75.36 coins.
Whether it is the political or capital competition between the East and the West, the battles are becoming more intense, and the retail investors are getting hurt. We have also compared the false breakouts and breakdowns from last year to this year multiple times, and it will become increasingly difficult for retail investors to make money in the future. Constantly improving oneself is the only way to get a piece of the pie.
Bitcoin: The recent market trend is relatively weak, breaking below the 63,000 support and not recovering, BOLL is flat, the price line has fallen below the middle track, SKDJ and RSI have turned downwards, and if the price fails to recover above 67,300, we still need to guard against risks.
The daily and 4-hour downtrend line has been broken, and the key support is whether 61,500 can hold, otherwise it will test 59,600-60,600. A descending wedge has appeared in the 4-hour chart, so we need to see if it can pull up to resolve the risk.
Support: Resistance:
Ethereum: Last night, GBTC resumed selling, and Grayscale mysteriously withdrew its ETH ETF application. Grayscale is also talented in shorting and buying low. After two days of inflow, outflows started again yesterday. The Ethereum market is too weak, so we need to see if it can form a triple bottom in the daily chart in the next few days to have a chance to open up the upward space. Currently, we can only wait and see. In the 4-hour chart, a double negative sandwich has appeared, and aggressive bottom-fishing is waiting for a rebound around 2,800.
Support: Resistance:
If you like my views, please like, comment, and share. Let's go through the bull and bear markets together!!!
The article is time-sensitive and is for reference only, with real-time updates.
Focus on candlestick technical research, win-win global investment opportunities. Public account: Trading Master Fusu
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
