Do not worry about the road ahead without friends; on the investment path, there are like-minded individuals. Good afternoon, everyone! I am the King of Coins from the Coin Victory Group. Thank you all for coming here to watch the King’s articles and videos, and I hope that the brothers who have been following the King will return.

Click the link to watch the video: https://www.bilibili.com/video/BV1mE2JYsEWg/

First, let’s review the strategies for Bitcoin and Ethereum provided in the articles and videos released last Friday. For Bitcoin, the King suggested going short when it first approached around 6240, with a profit target of 500 to 800 points. Subsequently, it was advised to continue trading, with a stop loss set at 300 points. If the stop loss was hit, one should directly go long. Looking at the market, after the non-farm payroll data was released on Friday night, the price reached around 62400, providing a short opportunity. The price then retraced, hitting a low of 61689, which gave an exit opportunity for the short position. The price then reached 62400 again, providing another exit opportunity. When the price hit that level for the third time, it broke down, triggering the stop loss for the short position. Following our second strategy, going long directly was the next move, and we saw the price peak at 64000. In my upper analysis, I also mentioned that if one were to go long, the profit target would be 1500 points. This strategy also perfectly achieved the take profit. The same goes for Ethereum; the King suggested a short position at 2420, and after that, the price retraced by about 40 points. This level was reached twice, and on the third attempt, the price broke down, similar to Bitcoin. At that time, I also provided a breakdown strategy, which saw the price peak at 2520. Friends who are familiar with me know that I rarely suggest chasing positions, but on that Friday, I provided strategies for both Bitcoin and Ethereum, indicating my confidence in the market. Fortunately, the market cooperated, allowing those who believed in the King to reap their profits.

During this wave of upward movement, many friends consulted the King, asking if the market was about to enter a bull run. For these questions, I directly provided a positive answer: the bull market has not yet begun. The simple reason is that the current amount of capital in the market is far from sufficient to support the start of a bull market. Those who pay attention to market capital flows should know where the money is right now. It’s in the stock market. Although many people may scoff at stocks, they are the most traded products in the market. This is why, when stocks began to rise last week, I stated in my first live broadcast that if someone had money and wanted to make a big bet, they should go for stocks. Although I am a practitioner in the crypto space, for those looking to make quick money, this wave of stock market movement is worth pursuing. It is precisely because of this stock market movement that it has siphoned off existing capital from the market, leading to the crypto space wanting to follow the Federal Reserve's interest rate cuts for a big profit, but being unable to do so. I still hold the view that for the crypto market to truly surge, it must wait until the stock market reaches a high point and consolidates. I mentioned this a week ago, and it remains valid.

Now, let’s take a look at the current market. After the market formed a doji on the 3rd, it began to reverse. However, yesterday, a long upper shadow bearish candle formed, directly interrupting the daily upward pattern. Today, the short-term strategy needs to change accordingly, focusing primarily on shorting during rebounds. We can look for entry opportunities through smaller time frames. On the short-term chart, pay attention to the 62800 level, which is the previous low point of the retracement and also the starting point of the rise to 64500. Today, the market provided an opportunity to open a small short position at this level, with a stop loss of 300 points. Below, we should focus on the 61700 area, where we can attempt a small long position, with a stop loss of 300 points. This level is currently the only short-term support we can find. If this level breaks, we can directly choose to go short, targeting around 60000.

Now, let’s take a look at the Ethereum market. First, let’s open the daily chart. We can see that after three consecutive bullish candles, a long upper shadow bearish candle formed, which is quite similar to Bitcoin. By observation, it is clear that Ethereum's movement is slightly different from Bitcoin's. As soon as Ethereum forms a reversal candle, it tends to continue forming such candles. Therefore, the short signal for Ethereum is more apparent. Looking at the hourly chart, the only resistance level for Ethereum above is the starting point of the long bearish candle at 6 AM, which is around 2455 to 2460. This is where we can consider opening a short position. The only short-term level we can attempt to go long is around 2385. This level allows for a long position with a stop loss of 10 to 15 points. If it breaks down, the price will likely revisit around 2300. This means that if this short long position hits the stop loss, one can choose to go short.

This article is independently written by the Coin Victory Group. Friends in need of current price strategies and solutions can find the Coin Victory Group online. Recently, the market has been primarily characterized by fluctuations, accompanied by intermittent spikes. Therefore, when making trades, please remember to manage your take profit and stop loss effectively. In the future, when facing significant market data, the Coin Victory Group will also organize live broadcasts across the internet. Friends who wish to watch can find the Coin Victory Group online and contact me for the link.

We mainly focus on spot and contract trading for BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT, specializing in strategies around high and low support and resistance for short-term fluctuations, medium to long-term trend positions, daily extreme pullbacks, weekly top predictions, and monthly head predictions.

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