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Good afternoon, everyone.
Big cake $BTC —last night that move surged high and then pulled back; doesn’t it match the script I drew in my post yesterday almost exactly? A double-needle probing of the top—textbook-level sell-order signals. But to be honest, this retracement hasn’t dropped deep enough; it’s exactly like a scumbag repeatedly testing your limit—down and then back up, up and then back down, just never giving you a clean ending.
Current market situation: the highs are going lower, and the lows are also going lower. This is a typical “downtrend continuation” structure. Those repeated pullback-and-recapture moves in the middle are all tricks—don’t get fooled into getting caught.
Look at the way it moves here: every time it rebounds, the rebound high is lower than the last one, and the lows are also being shifted downward. That’s not a good sign. It breaks below a few times and then gets yanked back up hard—looks pretty intimidating, but it’s really just draining the bulls’ energy. I don’t buy those fake moves. I’ll just point to one thing: if you’re truly strong, then stand on 71267 and show me. If you can’t even stand up there and you still manage to break that little peak in front of you—what kind of ability is that? That’s just bait for a “pump and dump.”
So yeah—today I’m keeping my eyes on 71267. Once it’s through, we talk about whether there’s a rebound; if it can’t get through, we keep watching the retracement.
That area around 70400 is a small support. If it really breaks it, don’t rush to buy—see if the rebound can reclaim it. If it can’t, then it has to go touch the 70,000 even-number level. If 70,000 is lost, then 69134 will have to be put to the test. If this position leaks as well, then basically most of the prior upswing will be given back—there’s nothing much to say beyond that.
As for trading, I don’t like trying to top-tick or bottom-pick—it’s too exhausting. I’ll just wait for signals:
· If it breaks upward above 71267 with volume, I’ll follow to go long and grab a trade.
· If it breaks downward below 70400 and can’t pull back, I’ll follow with a short.
Other than that, I’ll just sip tea and watch, no messing around.
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Now about ETH—sigh, this one really isn’t making the grade.
Big cake at least managed to set a new high; second cake doesn’t even have that kind of strength. Now its 2174 support looks as thin as paper, grinding around there repeatedly. The 2198 level can’t be crossed—no matter what you do, it’s all wasted effort. A lot of people ask me whether they can bottom-fish. I tell them, why are you in such a rush? Wait until it stands above 2198 before considering going long—otherwise, buying in the middle of the mountain will make you feel bad for several more days.
If you really want to place a left-side order and wait for it to poke with an insertion spike, you can put an order around 2047—set the stop-loss properly and don’t hold a position through losses. If it breaks below 2168 and you chase a short, don’t get greedy; if it drops near 2112, then it’s time to leave.
Anyway, my attitude toward second cake right now is: if you want to rise, rise or not—I’ll just wait for you to cross the line, and then I’ll pay attention.
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Alright, that’s basically the gist.
I’ve got the levels posted; when it gets there, I’ll act. If it doesn’t, I’ll just watch. There’s no point being anxious in this market.
If anything changes, I’ll say something—for now, it’s like this.