Don't worry about not having friends on the road ahead; there are like-minded people on the investment journey! Good afternoon, everyone! I am the King of Coins from the Coin Victory Group! Thank you for your daily attention, let's first look at the results and let the strength speak for itself! Yesterday, Bitcoin was shorted around 105200, and the market provided an accurate entry point in the evening, then it directly declined, hitting a low of 100700! Our first target of 102400 was perfectly hit for profit. There was no long strategy given yesterday, and I repeatedly warned against going long. Did we avoid a big pitfall? Ethereum was even harsher, with a short entry at 3580, the position was so accurate that the market hit a low of 3370, yielding over 200 points in profit! Friends who followed along, raise your hands; wasn't that a satisfying meal? If you missed it, don't panic; today's content is even more solid, take good notes and you'll still benefit!
Click the link to watch the video: https://www.bilibili.com/video/BV16AC4B7EvK/
Finally, we waited for the signature from the government! The longest government shutdown in American history has finally come to an end. Yesterday afternoon, the market was jubilant, with Bitcoin soaring from 103K to 105.3K, looking like it was about to take off. However, once the U.S. stock market opened, it immediately turned downward, hitting a low of 100.8K! Those who chased the high without setting stop losses are probably questioning their lives now.
To put it plainly: this rebound is not a victory for the bulls; it's the bears letting you enjoy for two hours before kicking you back to where you started! The breakout at 104K was a false breakout, and the bears were clearly lying in wait above! Now, the market's narrative is entirely in the hands of the bears; the bulls are like fish on a chopping board, ready to be gutted at any moment! The support at 100K has been chewed down to nothing; another drop will likely lead to a collapse, as all the buy orders below have been completely consumed!
Where is the battle between bulls and bears? It's purely the bears dominating the bulls! Large buy orders are hiding below 98K to 94K, playing dead, just waiting for the market to truly collapse to pick up the pieces! Ironically, just as the government announced the end of the shutdown, the market remained indifferent—GDP has taken a big hit from this farce, and the two parties are still tearing each other apart over trivial healthcare subsidies. There might be another shutdown on January 30, so how can the market dare to be truly optimistic?
What's even worse is that the Federal Reserve is playing dead, with all four voting regional presidents sending cold signals! Originally, a rate cut in December seemed almost certain, but expectations have dropped from 91% to 60%. The so-called good news landing is just a prelude to bad news in this context!
Back to the charts, the false breakout at 104.5K has completely exposed the bulls' weakness! The daily level of 108.2K is a sniper point for the bears; if it truly rebounds to that level, I will definitely go short! The support below is at 98.1K; getting close to that level might actually hold— the market is very clear now: until it breaks below 98K, all high-level rebounds are just opportunities for the bears to take over. Play short-term longs, don’t talk about long-term; the overall trend is just a downward fluctuation!
Ethereum is even worse; the weekly downward momentum is accelerating, with each dip more severe than the last! The last low was 3050, and this time it might directly plunge to 2926! The overnight pullback hit a low of 3369, which still held, but the weekly EMA52 is at 3336; if it doesn't break tonight, we can still play a short-term long; if it breaks, it will head straight for 3280-3222. The support levels below 3300 (3280, 3222, 3150, 3072, 3050) look plentiful, but they are actually flimsy; if the bears increase their volume, they will all be pierced through! Want to catch the bottom? You have to wait for the bears to increase their volume and stab down; that will be the real bottom!
The Coin Victory Group has solidified the trends and levels; remember not to guess blindly:
Resistance levels: Second resistance at 105200, first resistance at 103800;
Support levels: First support at 101500, second support at 100700.
101.5K is the lifeline for today! This is the lower edge of the range from November 9; if it can't hold, it will start an N-shaped decline, speeding up directly, and might even approach 99K; if it holds, we can finally breathe a sigh of relief! 102.6K is the previous low point before November 12, which is a critical short-term level that must be broken, and we also need to pay attention to the 200MA long-term moving average; if it can stabilize above 103K, it indicates increased buying pressure, and a long lower shadow at the bottom is also a good signal; if it can consecutively break through 103800 (the high points from November 4 to November 8), all moving averages will flip up, and the bulls will have short-term hope!
The strategy for November 13 is straightforward:
Going long: Not recommended for now; don’t rush in and become fodder;
Going short: Enter in the range of 103800-104200, target 102600-101500.
Finally, a heartfelt note: if you want to learn real things in the crypto world, you need to follow the right people for the long term; don’t just look at the market a couple of times and make blind evaluations! The market is full of performers, showing off screenshots and pretending to be geniuses, all just after the fact! The truly reliable ones have consistent logic that can withstand scrutiny, not just jumping in when the market moves! Our Coin Victory Group has exclusive content; search for "Coin Victory Group" on WeChat to find us! We have real-time strategies, techniques for breaking even, and contract trading methods, plus free experience groups and live broadcasts! If you find it useful, give a thumbs up and follow us; with the King of Coins, you can still make money in a bear market! Scan the QR code above to join the Coin Victory Group and receive the link to the live broadcast room.
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