The market experienced a massive shock overnight, and Bitcoin plummeted to around 98,000. Remember what I said yesterday? If it broke 104,100, we should look for opportunities in the 101,000-98,000 range. Now it seems, at least we weren't trapped, right?
Interestingly, when 98000 appeared, I urged everyone to try going long, but a bunch of people were too afraid to act. When it hit 112,000, they chased the long positions like crazy, but now that it has dropped, they are instead saying they will wait for 80,000 or 60,000 to enter? I really don't understand this logic. The opportunity for short positions was emphasized during the live stream; whether you can profit by the end of the year depends on whether you seized this wave.
There's no need to dwell on the past. Right now, at the position of 98000, trying a long position in the short term shouldn't be a problem. The strategy is simple – if it drops, go long.
**BTC Key Level** The support below is at 98000, 93600, and 91700. The intraday resistance for a rebound is at 101700; if it breaks through, look for the range of 103600-104100. Short position? At least wait until around 105000-106000 to consider.
**ETH Trend** The strong support at 3055 has been precisely reached, with a profit of 200 points already secured. If the price tests the bottom near 3055 again during the day, a rebound can be attempted. The rebound target pressures are 3356, 3460, and 3640, and short positions should at least wait until near 3640.
**SOL Opportunity** The support near 141 has been tested, and a rebound can be seen on the smaller time frame. The resistance levels are at 160 and 168, and the second dip towards 141 and 130 can also be an opportunity to try a long rebound.
**BNB Support** When the second probe tests the support at 880 and 825, you can try to catch the rebound. The intraday rebound resistance is at 960 and 1000, and the short position should at least wait until around 1000.
The above analysis is for reference only, and it is essential to manage your positions well. The market changes rapidly, and risks are borne by yourself.
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ChainDoctor
· 11-07 22:37
This time, finally bottomed out.
View OriginalReply0
MetaverseVagrant
· 11-07 08:16
Can't short at high levels, can't buy at low levels, still dreaming of making money in your sleep.
View OriginalReply0
FloorSweeper
· 11-05 13:01
Suckers are always behind the market.
View OriginalReply0
PanicSeller
· 11-05 03:51
Lost again, I'm out, I'm out.
View OriginalReply0
BrokenYield
· 11-05 03:51
typical retail fomo... smh when will they learn risk management
Reply0
VitaliksTwin
· 11-05 03:46
Directly went all in, at most just lost everything.
View OriginalReply0
ponzi_poet
· 11-05 03:44
Retail investors are running all over the schoolyard, who is catching a falling knife at the high position?
The market experienced a massive shock overnight, and Bitcoin plummeted to around 98,000. Remember what I said yesterday? If it broke 104,100, we should look for opportunities in the 101,000-98,000 range. Now it seems, at least we weren't trapped, right?
Interestingly, when 98000 appeared, I urged everyone to try going long, but a bunch of people were too afraid to act. When it hit 112,000, they chased the long positions like crazy, but now that it has dropped, they are instead saying they will wait for 80,000 or 60,000 to enter? I really don't understand this logic. The opportunity for short positions was emphasized during the live stream; whether you can profit by the end of the year depends on whether you seized this wave.
There's no need to dwell on the past. Right now, at the position of 98000, trying a long position in the short term shouldn't be a problem. The strategy is simple – if it drops, go long.
**BTC Key Level**
The support below is at 98000, 93600, and 91700. The intraday resistance for a rebound is at 101700; if it breaks through, look for the range of 103600-104100. Short position? At least wait until around 105000-106000 to consider.
**ETH Trend**
The strong support at 3055 has been precisely reached, with a profit of 200 points already secured. If the price tests the bottom near 3055 again during the day, a rebound can be attempted. The rebound target pressures are 3356, 3460, and 3640, and short positions should at least wait until near 3640.
**SOL Opportunity**
The support near 141 has been tested, and a rebound can be seen on the smaller time frame. The resistance levels are at 160 and 168, and the second dip towards 141 and 130 can also be an opportunity to try a long rebound.
**BNB Support**
When the second probe tests the support at 880 and 825, you can try to catch the rebound. The intraday rebound resistance is at 960 and 1000, and the short position should at least wait until around 1000.
The above analysis is for reference only, and it is essential to manage your positions well. The market changes rapidly, and risks are borne by yourself.