A钟灵

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Is Bitcoin experiencing a secondary bottoming or is the bear market launching a new offensive?
From the market structure, I lean more towards the latter — bearish forces are making a comeback.
First, there is no clear sign of a bottoming near 62,000; there has been no volume surge in the rebound, nor has a strong lower shadow been formed, which does not conform to a typical secondary bottom pattern.
Second, this area is a weak technical support level, lacking sufficient chip turnover and structural confirmation, with noticeably weak buying support.
Furthermore, from a long-term perspective, th
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ShenlongThreeTransformationsvip:
Follow the official account Shenlong Three Transformations to join the crypto community group! Receive free indicators!
Yesterday, the姨太 experienced a significant plunge, falling over 5% throughout the day, breaking through the key support level of $1900, with the lowest touching around 1810. Market panic rapidly intensified, and follow-up sell-offs continued to emerge.
Affected by disruptions from US tariff policies, safe-haven funds kept flowing out of the crypto market; the姨太 spot ETF experienced net outflows, coupled with related reduction in holdings, further exacerbating market pessimism.
From a technical perspective, the current姨太 is maintaining weak oscillation around 1820, with strong support at 1800 b
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62,000 has been reached, but the downward trend is far from over: following the trend is the only way out in this market cycle!
Sure enough, today Bitcoin hit 62,000 as expected!
This is not a coincidence, nor is it some black swan event, but an inevitable result of market cycle evolution. While the market still fantasizes that “a second bottom is the bottom,” smart money has already seen through a fact: the real decline has just begun.
Why is there still plenty of room to fall?
1. Dollar-cost averaging still has strength, but cannot resist the flood of selling pressure
Don’t be naive enoug
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Based on the current market situation, there are still signs of further downside. This wave of correction may be aimed at testing the 1750 level or even lower.
Therefore, this is definitely not the time to blindly enter the market and buy the dip. The upward momentum is clearly weakening, and in this situation, going long is like inviting trouble. The only thing we can do is be patient and wait for the market to stabilize, wait for the institutions' actions to become clear, and then consider positioning. If there are any clear strategic signals later, I will notify you immediately. No need to
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ADayByDayvip:
Well said
2.24 Tuesday Morning BTC/ETH Market Update
The overall trend for the day is relatively weak, with resistance levels gradually moving lower. The short-term rebound has already shown signs of fatigue, and the short-term trend remains weak with oscillations. There is a higher probability of breaking downward again, and prices may continue to decline. Therefore, our strategy remains primarily short positions.
Trading Suggestions:
Bitcoin (BTC): 65,100-65,600 range, short, target 62,800
Ethereum (ETH): 1,880-1,900 range, short, target 1,740
$BTC $ETH #特朗普宣布新关税政策
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Bitcoin is currently trapped in a liquidity vacuum zone, repeatedly subjected to extreme market tug-of-war——
Bull and bear explosions, needle-like fluctuations up and down, and consolidation that is almost suffocating.
In the short term, the direction has been firmly locked by liquidity. Every rise and fall is a small cleansing, eliminating all those whose convictions are not strong enough.
But I still have absolute faith in the subsequent market trend for this year, with no doubt!
This suffocating sideways movement is definitely not the end, but the final buildup and incubation before a major
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Wednesday continues to be bearish, maintaining a high-short strategy.
Why continue to be bearish? Because there are no reversal signals in the market. Although the support at the 66,000 level held effectively during last night's pullback, the overall trend remains within a range-bound consolidation. In recent days, there has been no significant breakout.
From a technical perspective, a bottom has not yet been confirmed. After a sharp decline, the market is consolidating, which is just a routine adjustment. There is a high probability of a second test of the lows later on.
Time factors also nee
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RongRongvip:
Volatility is opportunity 📊
BTC tends to consolidate for about a month after each sharp decline. It has been two weeks since Bitcoin's plunge, and the market is still digesting this huge drop. The Federal Reserve's interest rate meeting is in mid-March! Bitcoin tends to experience significant volatility around two to three weeks before and after each meeting! Recently, the US stock market has fallen sharply, but Bitcoin hasn't moved much. So our profits mainly depend on swing trading. However, the trend of Bitcoin is clear; we just need a news catalyst to push it! That would be a decline. We are long-term holding and wil
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As expected! The CPI data came in positive, and Bitcoin is gradually approaching the 70,000 mark. The market never lets down those who are prepared! Do you remember what I said yesterday?
I mentioned that after the announcement, there would be a short-term rebound to 70,000! No need to force the pattern; you can't eat the whole fish at once! Steady traders around 6.9K can take profits and lock in gains! Putting profits into your pocket is what matters. The short-term rebound has been well managed!
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ChongChongGeGeWuvip:
Good luck and prosperity 🧧
The market again drops another 2,500 points in the early hours! Zhongling still has the same advice! Keep an eye on the 65,000 level! This is an important support level! If it breaks below this level and can't recover, expect to see 63,000-60,000!
Furthermore, CPI data will be released tomorrow. Currently, both bulls and bears are quite subdued, and there are no substantial negative news. The price really doesn't have much room to fall. So after the data is released tomorrow, if the outlook is more positive, we can short-term expect a rebound to 70,000! The long-term outlook remains unchanged!
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LianTianhongvip:
Having strength
Earlier, we mentioned that after the non-farm payrolls announcement, the market would initially rebound before falling back. Indeed, it rebounded to a high of 68,800 before retreating! Overall, the move was smaller than I expected, but the direction was correct. In the short term, there's no need for a rigid pattern—take a 1,400-point profit and exit decisively! This is how we got the $41,000 oil! Wishing everyone a happy Lunar New Year~
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A钟灵vip:
Stay strong and HODL💎
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Good evening, today is Little New Year. First, I wish everyone a smooth and prosperous new year! Tonight's news is quite explosive, with two heavyweight events happening on the same night:
On one side, non-farm payroll data will be released, and on the other, the old Tether whale is pressing in. The dual impact of geopolitics and macroeconomics could cause the market to swing to extremes at any moment.
The non-farm payroll data will be announced tonight at 21:30. Wall Street warns that the data is likely to fall short of expectations. My personal judgment is that the market will first rebound,
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Our morning alert recommended a short position, successfully leading to a drop of 3,100 points! In a bear market, rebounds are meant for entering positions, not for chasing longs!
![Market decline chart](image_url)
Remember, the market's rebound is just a temporary correction, not a sign of trend reversal. Stay cautious and stick to your strategy!
$BTC $ETH $SOL #当前行情抄底还是观望? #比特币反弹 #易理华割肉清仓
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Bitcoin surged again this morning to around 72,000, with the bottom gradually rising. To ensure a higher rebound, the top must also break through. A few days ago, I also indicated that there would be a rebound, but this current level is not the high point of the rebound. So I personally believe that we are still in the technical repair phase within a bear market structure, not the restart of a bull market. Moving forward, the focus should be on trading high positions. Remember, rebounds in a bear market are always used to reduce positions, not to chase longs!
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This week's market experienced frequent V-shaped shakeouts, making it difficult for short-term traders to take action. Therefore, Zhongling mostly held long-term short positions this week. From Monday to Friday, all positions were large shorts, from 83,500 all the way down to 59,800! How much of the 23,700 point drop did you catch? Including the rebound after the sharp decline, Zhongling also grasped the big opportunity! The market is tumultuous, but I remain unmoved! My direction has never changed, and the continuous crashes this week have repeatedly met my expectations!
$BTC $ETH $SOL #当前行情抄
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After the sharp decline the day before yesterday, BTC experienced a large-volume bearish candle, which is also the largest trading volume bearish candle in the recent downtrend. This indicates that there has been a significant panic sell-off in the market.
Yesterday, BTC rebounded strongly from around 60,000 to 71,700, a rise of over 11,100 points, almost recovering most of the previous day's decline, demonstrating a strong rebound momentum. Does this mean the market has bottomed out and it's time to start buying the dip?
My view is: it is still not the right time to buy the dip. We should not
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Bitcoin is currently in a rapid decline phase. In this market condition, many traders feel unsure where to start. The method isn't complicated—it's about capturing the main trend and ignoring small fluctuations.
From the current trend, the decline has not yet ended. Last night's drop was accompanied by increased trading volume, and there are no clear signs of a bottom yet. A subsequent rebound will depend on whether it can stabilize above 69,000. If the rebound remains weak, the price may continue to test lower levels, as this current move lacks effective support. The next long-term target cou
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Friday afternoon, August 2nd, BTC/ETH Silk Share
Bitcoin continues to decline sharply, with signs of consolidation appearing on the daily chart. The market remains weak, with selling pressure almost unresisted and no effective rebounds formed. Even brief upward movements on the five-minute chart have not been seen, and the price is trending downward unilaterally without any pause.
Operational suggestions:
Bitcoin (BTC) in the 64,800-65,300 range to buy, target 62,500
Ethereum (ETH) in the 1,890-1,910 range to buy, target 1,790
$BTC $ETH $SOL #当前行情抄底还是观望? #Gate1月透明度报告 #加密市场回调 #比特币跌破六万五美元 #CMEGr
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Bitcoin is nowhere near the bottom of the long-term bear market. A major bear market is unimaginable. First of all, Bitcoin is currently at 60,000. It’s impossible for Bitcoin to drop directly to 40,000 in one go. Currently, 60,000 is not the bottom of the long-term bear market. If in the next few days it crashes to around 50,000~48,000, then this level would be the lowest point of the long-term cycle.
$BTC $ETH $SOL #当前行情抄底还是观望? #加密市场回调 #比特币跌破六万五美元 #黄金美股比特币为何齐跌? #美伊核谈判风波
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It seems that Dajun woke up to the sky falling. Overnight, global markets experienced a comprehensive sell-off: stocks, futures, crude oil, and the crypto market all suffered heavy declines. Bitcoin showed a crash-like drop, hitting a low of 59,800, with a single-day decline of 10,000 points, resulting in heavy losses for Dajun.
Yesterday, I warned that the 60,000 level was not far away, but the market directly broke below it overnight, with a speed that exceeded expectations. This morning, the market quickly rebounded about 6,000 points, but the intense volatility also wiped out some short se
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LianTianhongvip:
This rebound is really strong, once again dominated by the bulls. Those who shorted during the rebound are doomed. Does such a strong rebound indicate that the short-term decline has ended?
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