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 articles and videos from the King. I also hope that the brothers who have been following the King will return.
**Click the link to watch the video: **https://www.bilibili.com/video/BV1mU1TYpEUK/
First, let's review the thoughts on Bitcoin and Ethereum shared in the article and video released by the King on Friday. A short position can be entered around 68400, and if it breaks below 66500, we can continue to short with a target of 65200. If there is an unexpected stop loss, we can re-enter a short position around 69500, with a stop loss above 70000. Looking at the market, whether shorting from a high position or chasing a short, there were opportunities to enter, with profits exceeding 2000 points. The strategy for Ethereum was straightforward: a short position was suggested around 2565, with a stop loss of 30 points and a target of 100 points for profit-taking, which was perfectly executed. A first long position was suggested around 2450, with a position size of half the normal amount and a stop loss of 15 points. The second entry point was around 2380 for a normal entry. The first long position achieved a profit of 60 points, and the second long position is currently still profitable, exceeding 80 points. Overall, Ethereum profits exceeded 300 points, and congratulations to the coin friends who followed the strategy from last Friday.
In the last video and article, I shared four reasons why I believe we are currently in the early stages of a bull market. Today, I will share five more, hoping to help everyone deepen their judgment of the market. Those interested can continue to follow. The reasons I firmly predict the bull market has started are as follows:
Stablecoins have begun to grow; although the increase is not large, the trend is evident.
Global liquidity is showing a rapid upward trend, indicating that liquidity is increasing. This is a gradual process, with an overall positive trend.
Currently, there are almost no obvious bearish factors, and we are entering an election cycle, during which economic policies are generally more accommodative.
According to the latest data from the United States, the risk of economic recession has basically dissipated. The U.S. economy is strong, and "hard landing" or "soft landing" is no longer mentioned; this major risk seems to have been eliminated.
From the K-line trend, the movement aligns with my judgment. The downward channel that has been in place since March has been broken. According to the cyclical analysis that validates Dow Theory, the daily market has completed a reversal, lacking the basis for continued bearishness. Even if there is a pullback along the way, it will not affect the upward trend. After all, this is a trend that has just started; a slow rise, a shaky recovery, or even short-term weakness are all normal fluctuations. Looking back at past major market launches, they almost all exhibited similar characteristics—this is the process of "washing the market," aimed at creating the illusion for investors that "the market cannot rise."
These factors make me more confident that the bull market has started.
Now let's take a look at the specific trend of Bitcoin. From the daily chart, Friday closed with a solid bearish candle with upper and lower shadows, indicating that the bulls made a counterattack on Friday but failed due to retail investors' high-level arbitrage, leading to the breaking of support levels. In the short term, the bulls need to enter a period of silence to regain energy. The short-term trading strategy suggested by the King today is:
Bearish strategy: A short position can be entered around 67600, and if it breaks below 66500, we can continue to short with a target of 65200. If there is an unexpected stop loss, we can re-enter a short position around 68600, with a stop loss above 68850.
Bullish strategy: A long position can be entered around 66200 with half the normal position size, with a stop loss of 300 points. The second entry point for a long position is around 65200, with a stop loss of 300 points.
This is the strategy for Bitcoin today. If any friends are stuck in positions, feel free to reach out to the Coin Victory Group, and I will help you resolve the issues.
Now let's take a look at the Ethereum market. First, looking at the daily chart, after three consecutive bearish candles forming a doji, Friday again closed with a solid bearish candle, which aligns with my short-term bearish outlook. Coupled with yesterday's slight bullish close, it can be seen that the market is supported in the short term. However, the absence of an engulfing bullish candle indicates that the bullish energy for Ethereum is still lacking. Short positions can be taken at high levels, focusing on range trading. Regarding entry points, the King suggests:
Bearish: A short position can be entered around 2500, with a stop loss of 20 points and a target of 100 points for profit-taking.
Bullish: A long position can be entered around 2420, with half the normal position size and a stop loss of 15 points. The second entry point is around 2380 for a normal entry.
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 volatile, accompanied by intermittent spikes, so when trading, please remember to control your take profit and stop loss. In the future, when facing major market data, the Coin Victory Group will also organize live broadcasts across the internet. Those interested in watching can find the Coin Victory Group online and contact me for the link.
Mainly focused on spot and contract trading for BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT, specializing in styles such as mobile locking strategies around high and low support and resistance, short-term swing trading, medium to long-term trend trading, daily extreme pullbacks, weekly K-top predictions, and monthly head predictions.
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