Bitcoin squatting is for a better takeoff; How to layout potential explosive coins? Catching every dip in 2024 is catching every takeoff wave.

CN
10 months ago

Bitcoin 4-hour Level

Bitcoin Market Analysis
The previous high of 448,000 experienced a false breakthrough and fell back to around 40,200. This move completed a bearish pattern on the 4-hour level, especially after failing to sustain above the previous value area of 44,800 in the early hours of last night. The inability to absorb selling pressure from above led to another drop this morning, pushing it back below 42,200. The bearish trend on the 4-hour level is becoming apparent.

Key Focus and Operation Positions
Key Focus 1: Pay close attention to the area near 40,200, where there has been bullish liquidity from December 11th to January 5th. If a stop-loss hunting action is taken and the price returns above this level, follow the main force's profit and look upwards.

Key Focus 2: Near the weekly large point of control (POC) around 38,970 [data from Bybit exchange], it has been mentioned multiple times that excessive retracement should not be expected above this POC. If the price comes to test the POC and stabilizes above 40,200, it is a strong bullish signal.

Expect a small bearish trend: If the price retests around 44,000 to 43,900 and closes with a large bearish candle or long upper shadow, it may be a good opportunity for a small short position. Clear stop-loss and considerable profit can be achieved, and the return of market enthusiasm can bring thousands of profits in both long and short positions on the 15-minute level. Leverage traders must manage corresponding risk control ratios and trading plans and not act impulsively.

Every decline is an opportunity for spot trading. Do not give up any downturn. Seize every opportunity for a rise by managing positions well and capturing every decline. This is like a god. For example, when Ethereum was over 800, most people in the market were waiting for it to drop to 500, thinking they were chosen to buy at the lowest point. In fact, playing spot trading and managing positions well means that every rise is related to you.

How to Layout Spot Trading?
DOGE

Regardless of whether Dogecoin has too much meme nature or not, based on the recent retracement of Bitcoin, placing spot orders around the double bottom of 0.072 to 0.070 for Dogecoin may be suitable. It is a meme token and not suitable for large positions, but it has the backing of a "veteran horse" and has a money-making effect.

Review of the Previous Cryptocurrency


Last night, XRP reached the price range we mentioned in the previous issue. There was a rebound of about 18% from the lowest point. Once again, it is reminded that if XRP comes to the mentioned position again, it can still be entered into spot trading, and positions can be built in batches.

ARB Review

The range given in the previous issue for ARB, around 1.29 to 1.19 during the retracement, was a perfect entry point. Spot positions were taken just at the right time. It has now broken the previous high, with a profit of about 73%. Some traders may feel apprehensive about the high, but they forget to understand that it is part of the Ethereum series' expansion, and its potential is naturally profound.

More specific layouts will be provided in the free communication group. Interested partners can follow me.
Creating a High-Quality Circle
Spot trading is the main potential market.
I will share some content: as shown in the following conditions:
Overall position ≥ 10,000 USDT. If you want to join, remember to follow.
(Operating with a few hundred or a few thousand USDT has too small a space. If you don't have it, you can also send a private message. After passing the screening, you can join.)
Purpose: To become bigger and stronger, and create brilliance in the next bull market!

The article ends here. I will provide more detailed analysis in the communication group. If you want to join my circle, please follow directly.

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