Don't worry about not having friends on the road ahead; there are like-minded people on the investment journey. Good afternoon, everyone! I am the King of Coins from the Coin Victory Group. Thank you all for coming here to watch the articles and videos from the King. Every day, I bring you different news from the crypto world and precise market analysis.
Click the link to watch the video: https://www.bilibili.com/video/BV15c1yB8EdZ/
1. The market has been brutally slaughtered, and retail investors' mentality has collapsed!
Folks, let me say something heart-wrenching: MMP, after that soul-crushing drop last night, the market has completely turned its face! The previously hyped emotional consensus and the remnants of the bull market were all just illusions, not a single bit of it was real!
Bitcoin is still holding up somewhat, but the real killer is the altcoins — they are crashing like they’ve lost their souls! Those who are holding onto "value coins" thinking they are holding onto the future, wake up! That’s just a pie in the sky drawn by the project team, not real meat you can eat!
The cruelest part of this market: it never announces "harvest time" in advance, just waits for you to feel "safe, daring to add positions, ready to go big," and then kicks you straight into the abyss! Many people are not just losing money now; their mentality has completely collapsed! Just crawled out of the gates of hell on October 11, and now after a month of being ground down in fluctuations, another heavy blow, ordinary retail investors are basically done for; those who can still breathe are considered lucky!
But I advise you: as long as you haven't completely fallen, don't be the last fool rushing in! This is not the time to prove your courage; it's time to admit "the market is tougher than me." First, stabilize your mentality, and don’t act foolishly!
2. Don't hold onto fantasies after entering a bear market; altcoins are even more panicked than you!
If the bear market signal is confirmed, quickly cut off the illusion that "the bull market hasn't ended"! Don't think that just because it has dropped to a level you can accept, that it’s the bottom — that’s your perceived bottom, not the market's bottom!
Especially for second and third-tier altcoins, do you think it has hit the floor? It can break through the floor! The project teams are even more scared than you; they will run and sell first, using you as a cushion to exchange for USDT and Bitcoin to survive the winter, leaving you on the mountaintop to drink the northwest wind!
3. First, look at Bitcoin (liquidity hunting + key bottom line)
Let’s get back to serious analysis and talk about Bitcoin:
The wave at 116K was a false breakout, clearly a liquidity hunt! Big funds are not bullish at all; they are just waiting for retail investors to chase in, then they will short you without discussion;
On the day of the crash on October 11, there was a massive turnover, both bulls and bears fought desperately, and now we are waiting for the results to verify — 102K is the last pair of pants for the bulls; if it breaks, all the previous bottom-fishing bulls will turn into corpses! At that time, it won't just be a drop; it will be a panic sell-off chain reaction;
Coinbase broke the level early on October 17; this is not just a problem with a single exchange; the entire market structure has issues! If 103.5K cannot hold, it will get worse;
Key signal: The 4-hour RSI shows bullish divergence — the price is falling, but the momentum of the drop is not keeping up, it’s losing strength;
Core bottom line: 103500 is the lifeline! I was watching this as a rebound point yesterday, and now the price has stepped on it twice, showing some support:
If it holds: consider it a short-term bottom, possibly forming a double bottom;
If it breaks: don’t resist, just run! 103500 will drop off a cliff, with no time to react;
Key levels: 105500 is the low point of the crash on October 17, 104500 is the low point of the crash on October 22, and the market sentiment psychological bottom is at 103500, so the real life-and-death decision is at 103500!
4. Now look at Ethereum (sideways struggle + rebound conditions)
Now let’s talk about Ethereum, without any highfalutin terms, just one sentence: it’s currently struggling sideways in a downtrend!
3450-3560 is the "dog zone": shorts are firmly defending 3560; if it doesn’t break, hold on and wait for a drop to 3450;
Want to go long and wait for a rebound? At least you need to see it stabilize above 3560; otherwise, don’t dream! That drop last night knocked the heads of the bulls; even the whales and big brothers couldn’t hold on;
The current rebound is a technical pullback, driven by the liquidated bulls closing their positions, not a trend reversal! If it can’t hold 3700, continue to short; don’t leave any illusions for the market — the market didn’t force you to die; you rushed in and gave it the opportunity!
5. Key levels: remember resistance + support, don’t trade blindly
Key levels to watch for trends in the Coin Victory Group, remember them:
Resistance levels: second resistance at 108500, first resistance at 107300 (low price accumulation area from August 29 to September 1);
Support levels: first support at 103500 (lifeline), second support at 102000 (cliff warning);
Resistance insights: 108500 is the low price accumulation area from September 26 to September 28; if it breaks 107300 and holds without being smashed back, the short-term can switch to a rebound attack logic, giving the bulls a breather!
6. Trading strategy: November 4 wave band pre-embedded, don’t be vague!
Finally, here’s a clear strategy; don’t mess around:
Long: temporarily not recommended, don’t rush in, it’s easy to get trapped;
Short: enter lightly in the 107500-107000 range, with a defensive level at 108000, targeting 103500-104500.
7. Although the market is harsh, don’t lose your footing!
That’s all for today. Although the market is harsh, remembering the key levels and holding the bottom line is more important than anything else! If you find this useful, please like and follow, and we’ll continue to discuss the market and talk about real trades next time!
That’s all for today. Remember the hot spots, grasp the trading essentials, and keep a close eye on the key points in the market; we’ll continue to profit next time! If you find this useful, please like and follow, don’t get lost! Lastly, let me say something from the heart: if you truly want to learn something from a blogger, you need to follow them long-term; don’t just look at a few market updates and jump to conclusions! There are too many "performative players" in this market; today they show screenshots of long positions, tomorrow they summarize short positions, making it look like "they catch the top and bottom every time," but in reality, it’s all hindsight! What’s truly worth paying attention to is the trading logic that is consistent and can withstand scrutiny, not those who only come to "jump around" 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 Coin Victory Group. Search for "Coin Victory Group" on WeChat; we have 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 Coin Victory Group. We also have free experience groups and community live broadcasts for fans, all full of practical content, no fluff! On Thursday morning, we’ll keep an eye on the meeting; if there’s any news, we’ll chat anytime. If you find this useful, please like and follow, don’t get lost!
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