Michael Burry, the prototype of "The Big Short," has just reported liquidating his entire investment portfolio, except for one company, Estée Lauder. He bottomed out on Chinese concept stocks last year, operating independently and skillfully, and later, Chinese concept stocks soared while U.S. stocks plummeted. Now he is shorting Nvidia and Chinese concept stocks.
On the 2nd, at 21:00 and 23:00, he warned to be cautious of potential "black swans" and "gray rhinos" in U.S. stocks and Bitcoin, and reminded that Bitcoin can be bought in batches at 76,000 and 85,000.
Gold has faced pressure and a pullback after touching below 3,499. He also mentioned uncertainty about whether this is a historical peak but does not rule out it being a stage peak, and reminded not to chase the price as it has now dropped to 3,169, a nearly 10% pullback. It's important to know that those who trade gold are not small investors, and chasing at high levels could lead to significant losses.
Bitcoin
After a week of high-level fluctuations, it pulled back to around 101,000 last night. He reminded to first engage in high selling and low buying, as 100,000 is a key level not suitable for chasing the price. Wait for a pullback to fill the CME gap at 95,800—97,700; if it pulls back deeper, it could be 91,600—93,300. In the future, he will add positions in batches within these two ranges.
From the naked K-line perspective, the daily line shows that the bullish trend is still very strong. This wave was originally driven by institutions, with low participation from retail investors. A significant upward spike on the daily line cannot be seen as an immediate pullback; it is possible that there will be another attempt to spike upward before a pullback.
He emphasizes that the future trend of Bitcoin will also be characterized by wave-like increases and rapid pullbacks, continuously testing major support levels before rising again (in 2023-2024, he studied the trend of gold ETFs and suggested that Bitcoin might replicate the 10-year bull market trend of gold).
Support: 95,800—97,800—100,000
Resistance: 110,000
Ethereum
The upward momentum on the daily line has weakened, and the 4-hour chart has formed an ascending channel. Pay attention to the support situation of this channel; if it breaks down, the one-to-one pullback support will be around 2,270. If there is a sharp drop or spike, it can be bought in batches at 1,900—2,000.
Support: 1,900—2,000—2,270
Resistance: 2,856—3,200
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This article is time-sensitive and for reference only; it is updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Public account: BTC Trading Prince Fusu
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