🌅 Opening Remarks
Good morning, crypto friends! ☀️ I am Wang Yibo! Die-hard fans check in! 👍 Like and make big money! 🍗🍗🌹🌹 Today's market is quite chilly, with the US stock market and the crypto market forming a "double kill" pattern. Bitcoin and Ethereum have consecutively lost key support levels. Let's first clarify the market logic before seizing trading opportunities.
📊 Market Overview: US Stocks Weigh on Risk Sentiment, New Coins Become "Cutting Leeks Trap"
Last night, global risk assets faced collective pressure, with the three major US stock indices closing down simultaneously — the Dow Jones fell by 0.38%, the Nasdaq fell by 0.5%, and the S&P 500 index fell by 0.5%. There was a clear divergence in tech stocks: Oracle fell over 5%, Tesla fell over 4%, while Intel rose nearly 9% and Apple rose over 1%, barely holding the market.
The crypto market faced a "bloodbath": a widespread collapse 📉 became the main theme. It is worth noting that the XPL token, which launched last night, rose against the trend, but the secondary market has shown signs of "cutting leeks," with increased risks of chasing highs; the top of the decline list is occupied by coins that are about to be delisted, and liquidity crises are beginning to emerge. Everyone must stay away from tail-end assets and pay attention to Yibo for real-time risk avoidance tips.
🔴 Bitcoin: Seven Consecutive Red Candles Signal Bearishness, 100,000 Becomes the Next Battlefield
The downward trend of Bitcoin needs no further explanation: after briefly stopping the decline at a low of 108,575 yesterday, it rebounded weakly and has again entered a downward mode since early yesterday morning, with bears completely controlling the market.
Core technical signals:
Seven consecutive red candles on the daily chart: this is a clear signal of strengthened bearishness, with bulls showing no resistance throughout, and sentiment at an all-time low;
Losing the middle band has become the norm: the current price is operating below the middle band of the Bollinger Bands, breaking the previous oscillation pattern and officially entering a new adjustment cycle;
Volume and price deteriorating simultaneously: during the decline, trading volume continues to expand, indicating a strong willingness for capital outflow, and bearish momentum has not yet been fully released.
Trading strategy:
The short-term weakness has become a foregone conclusion, and the accumulation of weakness is difficult to reverse quickly. Even if a rebound occurs, it is merely a "trap for bulls." The core strategy is to enter short positions, relying on a rebound to the 112,000-113,000 range to set up short positions, targeting a drop to 105,000-108,000, with strict stop-loss protection.
Ethereum: Breaking Below 4000 Shows Increased Weakness, Short on Rebound
Ethereum's bearish trend is even more aggressive than Bitcoin's. Yesterday, it plummeted from a high of 4204, breaking below the critical 4000 level for the first time in over a month, with a low today of 3822, a drop of over 4%.
Multi-timeframe technical breakdown:
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Four-hour chart: The bearish trend line is intact, with weak rebound strength, and significant characteristics of continued decline, likely to continue downward in the short term;
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One-hour chart: Narrow oscillation above the lower band of the Bollinger Bands, with no bottoming signals. Instead, each bullish rebound triggers new bearish selling pressure, forming a "rebound must fall" cycle.
Trading strategy:
The core strategy is to short on rebounds, with long positions only as a supplement. Focus on the resistance range of 4000-4050, and decisively enter short positions after confirming pressure. The first target is 3800; if it breaks, it can be seen down to 3700. Long positions need to wait for stabilization signals around 3750, and must be light positions to test the waters, aligning with the rhythm of bullish and bearish momentum shifts.
⚠️ Yibo's Risk Warning
The current market is on the edge of "extreme fear" (referencing historical similar market characteristics), do not try to catch the bottom at halfway up;
The risk of new coin speculation has surged, and coins like XPL that go against the trend require caution against "pump and dump" schemes;
The macro environment still holds uncertainties, and the Federal Reserve's interest rate policy and US stock trends will continue to impact the crypto market, requiring synchronized tracking.
That's all for today's market interpretation. Follow Yibo for real-time updates on signal points and risk avoidance tips. Like and save, so you won't get lost in trading! 🍗🍗
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If you are feeling lost — not understanding technology, unable to read charts, unsure when to enter the market, not knowing how to set stop losses, not understanding take profits, randomly increasing positions, getting stuck while trying to catch the bottom, unable to hold onto profits, missing out on market movements… these are common issues for retail investors. But don't worry, I can help you establish the correct trading mindset. A single profit is worth more than a thousand words, and finding the right direction is better than repeatedly losing. Instead of frequent operations, it’s better to strike precisely, making each trade more valuable. If you need real-time guidance, you can scan the QR code below the article to follow my public account. The market changes rapidly, and due to review timeliness, subsequent trends will be based on real-time layouts. I look forward to moving steadily forward in the market with you.
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