Do not worry about the road ahead without friends; on the investment path, there are like-minded individuals. Good afternoon, everyone! I am the King of Coins from the Coin Victory Group. Thank you all for coming here to watch the King’s articles and videos, bringing you different news from the crypto world and precise market analysis every day. In yesterday's article, the King directly provided the strategy for opening long positions in Bitcoin at 107,500. Last night, during the US trading session, Bitcoin surged significantly, directly breaking through the Monday high of 112,000, reaching a maximum of 114,000, with a profit margin of over 6,000 points. Then, the short position strategy given by the King was to follow the trend and enter short when it fell back and broke below 112,000 again. This short position was also successfully triggered, and the market has once again approached 107,500, bringing the overall profit back to 4,500 points. Throughout the day, there were not many trades, just two, but the profits were quite considerable, exceeding 10,000 points. After reading so many articles and watching videos, who else can achieve this?
Click the link to watch the video: https://www.bilibili.com/video/BV1zpsbz4E5x/
Crypto Talk Show: Let’s chat about CPI, Bitcoin, and those "actors." Good afternoon, everyone! Today, we won’t be doing those dry analysis reports; let’s just chat casually about recent events in the crypto world—from the US CPI data to Bitcoin and Ethereum's "confusing behaviors," and those "performing bloggers" in the market, we’ll cover it all! First, we have to talk about the US Bureau of Labor Statistics, which seems to have been holding back for a long time, finally forcing out the CPI data. We can easily guess that this data must be good news! Why? Because with the current mess, if they dare to release bad data, wouldn’t that be like slapping themselves in the face? Can they allow that to happen? Some might ask, “What if it really is bad data?” Well, even if it’s bad data, it’s purposefully bad, meant to pave the way for what’s to come; they wouldn’t really shoot themselves in the foot! But do you think that the current administration can play such a deep conspiracy? Forget it! Their die-hard fans wouldn’t understand such a complicated script; the most straightforward logic is: this data will only be adjusted in a way that benefits them!
However, to be honest, once the CPI comes out, whether Bitcoin surges or crashes, don’t be too surprised—don’t really think this has anything to do with the administration’s few words; they are at most a front-stage actor, the real script has already been clearly written by the capital tycoons! Just watch, as soon as there’s a sudden surge, you’ll find the price has been pushed back down! This kind of movement isn’t the start of a market rally; it’s purely institutions pushing prices up to offload, and they do it very cleanly—if they only offload half, can the price really drop to zero overnight? So now, all rebounds, don’t be fooled! They are all the last wave of traps set by institutions!
Back to the market, let’s look at Bitcoin’s K-line; that weekly dead cross is wide open! The fast and slow lines are sloping down, like going down stairs; the bearish trend is firmly established! Let me emphasize again: we are already at the tail end of the bull market; all subsequent rebounds are institutions taking advantage of the last bit of heat to offload! Retail investors shouldn’t be foolishly chasing highs! Once you chase in, being stuck for half a year is just the starting price; being stuck for a year is nothing new! At this stage, it’s not about how accurate your vision is, but how fast you can run—faster than a rabbit!
Is anyone still fantasizing that the Federal Reserve's interest rate cuts can save the market? Wake up! Don’t sleep anymore! After the second rate cut, there’s only one left, and once it’s done, they’ll pause—every time they pause, the market drops sharply; that’s the rule! Plus, over in Japan, the third rate hike is on the way, doesn’t that mean another blow to the market? In plain terms: after the second rate cut, it’s basically a signal to clear out; those who don’t run will be harvested!
The market always follows this saying: a real rise will never be a rebound of 6,000 points only to fall back again! This kind of up-and-down market is all about the main players distributing their goods! Don’t be misled by short-term surges; even if you were stuck in a short position too early at a Fibonacci retracement level, that’s only temporary—if they push it up again to give you another chance to short, that’s all profit! If you haven’t chosen the wrong direction, being temporarily stuck isn’t a big deal!
And that so-called "Russia-Ukraine ceasefire good news," don’t be ridiculous! That’s just a smokescreen before institutions dump! Look at Bitcoin rushing to the Fibonacci 0.5 level, around 114K, and immediately crashing back down to 0.236! Isn’t this movement clearly saying “the rebound is bait”? Both the weekly and daily lines are in a bearish trend; even if there’s another rebound, it’s highly likely to stop at 114K; if it rebounds above 111K, once the head and shoulders pattern forms, that’s the perfect position for us to go short!
Let’s talk about Bitcoin’s 8-hour line from yesterday; from 8 AM to midnight, it was like a roller coaster: first dropping 2.2%, then rising 4.9%, followed by a drop of 4.5%, and finally, bam, back to the starting point! Isn’t this a typical rhythm for cutting leeks? Up and down, purely to wash the market and trap people! Without a volume breakout above the life line, the bears are still in control of the rhythm! Those who chased highs last night are probably stuck at the top, feeling the cold wind, right? This is how the early stages of a bear market work; first, they trap most people! With the current drop, the support at 107,000 won’t hold for long!
Now let’s talk about Ethereum; on the surface, it seems the bulls are still holding on, with the life line around 3,800, but this line has been broken several times! Although there’s some support in the short term between 3,712 and 3,688, the momentum of this drop is completely different from before! If the weekly level sees a volume-driven drop, the speed could double—weakly to 3,600, or strongly down to 3,120, it wouldn’t be surprising! So right now, shorting at highs is the safest strategy; don’t blindly go long!
Finally, let’s talk about key levels; I’ve summarized them for you: there are two resistance levels, the second resistance at 111,400 and the first resistance at 109,100; there are also two support levels, the first support at 107,400 and the second support at 106,200! Currently, the short-term support is at 107.4K, which is a key defensive level, but the problem is the price has already fallen below the upward trend line; if it doesn’t recover soon, the probability of further drops increases!
The pressure from the 20MA and 60MA above is becoming more apparent, with the area around 109.1K being a strong resistance zone—if this position can’t break through with volume, all rebounds are illusions! Now that the trend line is broken, it means the market may continue to explore downwards, with short-term space opening up to around 106.2K, which is also the only area where a short-term rebound can be fought for! In other words, the range from 106.2 to 107.4K is the key area where the main players might take over, and retail investors can hope for a rebound; entering recklessly is just asking for trouble! As long as we don’t see a decent bullish line with volume rebounding, treat it as still in a downward trend; don’t rush to grab the rebound!
Whether the first resistance at 109.1K can be held is crucial, but given the current strength of the bears, let’s not hold out too much hope; even if it rebounds to this level, we need to watch the trading volume—if there’s no volume, it’s time to consider going short! The second resistance at 111.4K, unless there’s a V-shaped reversal, is simply out of reach—and it would also require some major positive statements from the administration; otherwise, don’t even think about it!
On the support side, the first support at 107.4K is the upper edge of the previous range, theoretically a key defensive line; as long as it’s not broken, there’s still a chance for a rebound; the second support at 106.2K, if 107.4K is lost, the market will definitely see a wave of panic selling. When it reaches 106.2K, we can expect a lower shadow line to test the bottom and bounce back, but this is just a short-term game; don’t go in heavy!
Also, our strategy for the wave on 10.22: for going long, we won’t consider it for now; for going short, we’ll look at the range of 110,400 to 111,400, entering in batches, with targets at 109,100 to 107,400!
Finally, let’s be real: if you truly want to learn something from a blogger, you need to keep following them; don’t just watch a few market movements and jump to conclusions! There are too many performing players in the market now; today they show long position screenshots, tomorrow they summarize short positions, making it seem like they “catch the top and bottom every time,” but in reality, it’s all hindsight! The bloggers worth paying attention to have trading logic that is consistent and can withstand scrutiny, not just jumping in when the market moves!
Don’t be blinded by those exaggerated data and out-of-context screenshots; long-term observation and deep understanding are needed to distinguish who is a true thinker in the field and who is just a dream seller! This content is exclusively planned by the King of Coins; search for “Coin Victory Group” on WeChat, the same name across the internet! If you want to learn real-time strategies, liquidation techniques, or K-line and contract methods, you can chat with the King of Coins. There are also free experience groups and community live broadcasts for fans, all full of practical content, no fluff!
Alright, that’s all for today. If you found it useful, don’t forget to like and follow; we’ll chat again next time!
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