Do not worry about having no friends on the road ahead; there are like-minded individuals on the investment journey! Good afternoon, everyone! I am the King of Coins from the Coin Victory Group! Thank you to my friends for following the updates every day. We don’t play around; let’s first look at the results—friends in the real trading group know that this month we are going all out: firmly shorting! After fully closing positions at 89,000 for the first time, we added to our short positions at 92,500 for two consecutive days, and successfully took profits at 85,000, making over 10,000 points in just two days! Was this operation smooth? Are those who followed along smiling from ear to ear? Don’t panic if you missed out; today’s valuable insights will help you make up for the missed profits!
Click the link to watch the video: https://www.bilibili.com/video/BV1TmUVBBE9o/
Let’s first complain about last night’s September data—it really didn’t interest me at all! High employment population, high unemployment rate; these two data points are like fighting each other, twisted beyond belief! The market is also in a state of panic, with U.S. stocks suddenly reversing in the early morning, and Nvidia was pressed down. As for Bitcoin? Same old story: only falling, not rising, sinking like a leaky boat! What’s even more infuriating is that a few old guys from the Federal Reserve jumped out to educate the market! Now the CME shows that the probability of a rate cut in December is less than 40%, yet the market still clings to wishful thinking, refusing to accept the reality that “there may not be a rate cut in December at all!”
This is a game without bottom lines. The day we completely clarify “no rate cut” will be the day emotions are truly crushed! After that, we can only hope for January next year. To take a step back, even if there is a rate cut in December, it will only boost morale; thinking of a reversal? No chance! Back to the market, the bear market is glaringly obvious, so obvious that even a blind person can see it, yet there are still people fantasizing that Bitcoin can return above 106K! I truly admire your courage; if you don’t wake up soon, you’ll be facing a bottomless abyss. Relying solely on the belief of “I believe in a bull market” won’t protect your positions!
Some analysts are misleading: “If it breaks below 90K, then buy the dip.” I advise you to check your pockets first—do you have enough bullets to last 3 to 6 months? This round of adjustment is a cyclical deep bear market that happens every four years, not the two to three months of small adjustments from the end of 2022 to April this year; that was a stroll, now this is a rapid decline! Let’s be clear, the long-term target for Bitcoin in this wave is around 78.8K, with short-term plays around 85K, 83K, and 81K. 78.8K can basically be locked in as the second phase bottom; spot traders can try to buy a bit here, but remember: run as soon as there’s a 5,000-point rebound! Don’t dream of waiting for 100K or 150K to exit; daring to be a “long-term investor” in a bear market will lead to a clear arrangement by the market!
Now let’s talk about Ethereum; the rebound strength is nearing its peak! Even if they try hard to push it up today, it’s unlikely to exceed 2926 to 2960. Yesterday, the highest during the day was only 3060, and then it was smashed to a new low at night, with 3000 slowly becoming the top range! If it can’t get past 2960, then it’s the top of the 1000-point drop range from 2960 to 2000! If it breaks below 2700, it will slide to 2526 to 2480; if 2372 is breached, it will directly head to 2112 to 2050! If during this time there’s a major negative event, like a sudden interest rate hike, Ethereum will have to adopt a needle mode, giving you a rollercoaster experience!
In simple terms, dropping from 3200 to 2800, if 2800 can’t hold, it will crash to 2388 to 2088, then hauntingly pull back to 2788, and then fall to 2000—this is Ethereum’s script! In the short term, all rebound highs are likely to be the highest points for the next few months. If it can’t break 3000 from today to the weekend, then 2926 to 2960 will become its ceiling!
Coin Victory Group trends and levels:
Bitcoin Resistance Levels: Second resistance at 90,700, first resistance at 87,500; Support Levels: First support at 82,200, second support at 78,600.
Currently, Bitcoin is lying flat around 85.7K, with the market filled with panic; one layer of losses after another, everyone wants to run, and no one is willing to take over—such a terrible sentiment, it wouldn’t be right if it didn’t drop! Looking at the daily chart, it’s just stepping on the lower support zone, but the bearish momentum is still strengthening, and the probability of hitting 82K is increasing! RSI has dropped to 23, which is indeed oversold; technically, there’s a possibility of a rebound, but don’t expect a reversal! The current rebound is just giving bears an opportunity to enter! 82.2K is the first support; don’t fantasize in the short term; just holding 82K would be a concession from the market. If it stabilizes, you can take some short positions to bet on a rebound; if 82K can’t hold, don’t resist; just wait for 78.6K, where it will be the real position to act!
If you want to take a short-term rebound, you must regain 87.5K; if it can’t get back, it’s a false breakout; wait for it to break 87.5K and stabilize before considering approaching the second resistance near 90K!
11.21 Swing Strategy: Long: Not recommended for now; don’t be a bag holder; Short: Enter in the range of 89,300-90,000, target 87,500.
Lastly, 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 make random evaluations after watching the market a couple of times! The market is full of performers; today they show long positions, tomorrow they show short positions, and every time they seem to catch the top and bottom, it’s all hindsight! The truly reliable ones have consistent logic that can withstand scrutiny, not just jumping in when the market moves!
Our Coin Victory Group offers exclusive insights; search for “Coin Victory Group” on WeChat to find us! We have real-time strategies, techniques for breaking even, and contract trading methods, along with 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!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
