Click the link to watch the video: https://www.bilibili.com/video/BV1STCzBAEqH/
Click the link above to watch the live recording！！！！！！！！！！！！
Do not worry about having no friends on the road ahead; there are like-minded people on the investment journey! Good afternoon, everyone, I am the Coin Victory Group's Coin King! The drop from the weekend to this morning is not earth-shattering, but Bitcoin has broken through 93K, and the opening on Monday brought some bad luck! Now the market's fear index has soared to the lowest point of 2025, even more panicked than when it was at 74K in April this year, yet the price is still holding around 94K — what does this indicate? The mentality has completely collapsed, but the underlying buying pressure has not run away!
Let's talk about the non-farm payroll data for September coming this Thursday. The delay has made its actual significance wear off, but the main players will definitely use it to stir things up, as there are fewer and fewer narratives to discuss regarding the fundamentals!
Returning to the core market situation, Bitcoin's weekly MACD fast line is sticking to zero, which is a blatant structural change! Compared to the drop to 74.4K in April, the MACD was still in mid-air at that time, but now it is directly sliding down to the ground, indicating a clear upgrade in the level of correction! The bull market that started at the end of 2022 has completely cooled down, and the health bar is back to zero. What comes next is not a small correction that gives a sweet taste but a deep bear echo chamber! Although Coinbase swept some funds at 93K, and it hasn't continued to drop in the short term, this is definitely not a signal that the correction has ended! The last three rebounds of Bitcoin all died before the 1-hour MACD could crawl above the zero line, and today is even more ridiculous; it doesn't even have the qualification to crawl, too lazy to pretend!
Think back to when Chuanzi was elected last November; Bitcoin surged from 73.3K all the way up, breaking through 80K, 90K, and directly tearing open the door to 100K! Now that it has dropped back from 100K, don't expect any protective funds around 90K; the only thing that can hold it up is this thin layer of paper between 93.3K-92K. If it breaks through, just wait to welcome 88K! Today, I will also act as a bull and stop pretending to be high-minded — prepare a bottom-fishing plan this week! The first phase low point after losing 100K is coming; if 90K is broken, a rebound of at least 5000-7000 points is not difficult to slap the bears! But it must be made clear that this is just a phase rebound! If it breaks 92K later, 90K will be completely dead, and the target will directly rush towards the second phase deep pit of 78-74.6K!
Spot traders can consider positioning at this level, but don't fantasize about picking the bottom! The key is to control the position and average price; don't go all in — that’s not bravery, it’s foolishness! Break up the chips, place dense orders in a small range, and cost is the way to go!
Ethereum is even weaker, with rebound pressure dropping to 3150, as weak as an electric vehicle with a power outage, unable to support the sentiment. If it doesn't break 3250, that's the ceiling! The lower threshold is 3000, and the main support is only left at 2880-2800; if it drops further, there will be no way back!
Key points and trends for the Coin Victory Group:
Resistance levels: Second resistance at 96600, first resistance at 95600;
Support levels: First support at 94300, second support at 93400.
On the hourly level, it must break the short-term downtrend line to strengthen; right now, it is just a weak rebound after a drop! 94K cannot be broken; if it breaks, the hope for a rebound will be directly cut off, and it will accelerate down towards 91K-92K, completely opening up the downside space! 94.3K is the starting point for the previous low rebound; if it holds, the bulls can still catch their breath; if it breaks 94K, we will see if 93.4K can hold, and we must also pay attention to whether the lower shadow line is raising the low point; otherwise, continue to look bearish!
Don't be vague about the resistance levels either: only if 95600 is broken can we dare to talk about trend reversal and pullback confirmation; 96600 is the upper edge of the short-term box, and only after breaking it can we consider it strong; otherwise, it’s all just struggling! During the day, keep an eye on the short-term downtrend line; this is the watershed; if it doesn't break, all upward movements are just a flash in the pan! If it rushes to the resistance level and the RSI is overbought, be careful of being hit in the face; if you need to hedge, then hedge; in the short term, it’s all about controlling the key points and executing the plan!
11.17 Swing Strategy:
Long: Not recommended for now; don’t rush in blindly as a retail investor;
Short: Directly short in the 95600-96000 range, defend at 96600, target 94300-93400.
Finally, a heartfelt message: 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; today they show long positions, tomorrow they show short positions, and it seems like they catch the tops and bottoms every time, but in reality, it’s all just hindsight! The truly reliable ones have consistent logic that can withstand scrutiny, not just jumping in when the market moves!
Our Coin Victory Group is full of exclusive insights; search for "Coin Victory Group" on WeChat to find us! We have real-time strategies, liquidation techniques, and contract play, along with free experience groups and live broadcasts! If you find it useful, give a thumbs up and follow us; with the Coin King, you can still make money in a bear market!
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