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Yesterday's bullish outlook met expectations, with precise entry points on short positions allowing for locking in profits! The 11.6 Bitcoin (BTC) "mistress" strategy.
The U.S. Supreme Court held oral arguments on Wednesday regarding the legality of Trump's large-scale reciprocal tariffs. Besides the Court's liberal justices, several conservative justices also questioned the legality of Trump's tariffs. Chief Justice Roberts stated that Trump's tariffs are taxes on Americans, which has always been a core power of Congress. The Supreme Court's conservative justices hold the majority, at a 6:3 ratio. The Court may announce its decision in December. Overall, after this debate, Trump's chances of winning are very low, but then he issued reassuring statements, publicly supporting cryptocurrencies—saying they can alleviate dollar pressure and have positive effects in multiple areas. So yesterday, there was basically no retracement, only a direct rebound. Long positions could have gained 5,000-6,000 points, and Ethereum (ETH) also rebounded over 400 points. The short idea points I provided yesterday were precise; entering could have captured over a thousand points on Bitcoin and dozens of points on ETH. Some friends might consider moving stop-losses to lock in profits!
After two consecutive daily declines, this morning's big bullish candle closed strongly. The previous day's decline has been mostly recovered. The KDJ indicator's three lines are oversold and turning upward, signaling that chasing short positions is not appropriate now. Be cautious about further declines! Resistance levels above are at 104,800, 105,600, 107,500, 108,300, 109,000, and 110,700. Support levels below are at 101,100, 98,900, 98,800, 98,000, 96,800, and 95,700.
**11.6 Long Position Strategy:**
- Enter long on Bitcoin if it retraces to 101,100–101,500. Conservative traders can enter at 100,000–100,500, with stops near 99,000. Targets are at 102,000–102,500–103,000. If broken, look for 103,500–104,000–104,500, and move stops accordingly to lock in profits.
- Enter long on ETH if it retraces to 3,270–3,300. Conservative traders can enter at 3,200–3,230, with stops near 3,160. Targets are at 3,350–3,400. If broken, look for 3,450–3,480, and adjust stops accordingly.
**11.6 Short Position Strategy:**
- Attempt a short on Bitcoin if it rebounds to 105,000–105,300, with stops near 116,000. Targets are at 104,000–103,500–103,000. If broken, look for 102,500–102,000, and move stops accordingly.
- Attempt a short on ETH if it rebounds to 3,500–3,530, with stops near 3,570. Targets are at 3,450–3,400. If broken, look for 3,370–3,350–3,320–3,300, and adjust stops accordingly.
Yesterday, after Bitcoin formed a double bottom with long wicks, it didn't go lower. I took a small position before the midday review, and the market cooperated. I am gradually moving stops, which are currently at 103,000, hoping for a chance to gain 6,000–7,000 points! #广场发币瓜分千U奖池