Old Lv from the crypto circle: How to judge the top and bottom after this round of Bitcoin's sharp decline? Ethereum breaking 3000 will win the reversal.

CN
5 hours ago

Hello everyone, I am Lao Lv. Our predictions on the dual-currency price have been quite accurate, but we have fallen short in terms of the extent of the decline. During the day, we suggested shorting Ethereum at 2850-2860, and the price dropped to a low of 2761 before quickly rebounding. You can't say our strategy has problems; it's just that the decline was limited. There are two main reasons for this, which we will explain in detail later. This issue is likely to occur repeatedly over the next five trading days. For Bitcoin, we suggested a short at 87700 USD, with a low of 85900 USD, a decline of 1800 USD. Personally, I think that's acceptable, but the intensity is still not enough. Observant friends may have noticed that at the end of our last article, we provided two resistance points after this round of rebound: 2904 USD for Ethereum and 88214 USD for Bitcoin. This is also the reason we chose to short based on these two key resistance levels. In today's article, we will focus on two things: first, a technical analysis of the past shorting prices to help everyone understand our analytical logic through technical analysis; second, a simple analysis of future trends and specific entry strategies.

For Bitcoin, we mentioned a major resistance level of 88214 USD at the end of our article, with an entry price of 87700 USD. First, let's analyze this technical point and how we arrived at 88214 USD as the resistance level for this round of increase. This round of decline started from 107499 USD and dropped to a low of 80602 USD, which is a significant drop. Such a high level of market panic requires a certain amount of confidence and time to quickly rally in the short term. This confidence needs to be driven by the big players, not by us small retail investors. Based on the starting point of the last round of decline, we need to continue looking for 0.618, which is the starting point for the big players to turn bullish, and also our starting point for small retail investors to go long. With this mindset, we continue to look for the last drop's starting point. Looking at the larger four-hour timeframe, the starting point is 93130 USD, and the entire drop is quite exaggerated, with eight consecutive bearish candles on the four-hour chart. This is very strong for the bears. We take 93130 as the top and 80602 as the bottom to find 0.618, which gives us a strong resistance level of 88214 USD. Everyone can follow this method; Fibonacci retracement is something everyone can use, but it must be combined with the shape of the decline and the amplitude of the bullish candles on the hourly chart. Since the price has pressure at 0.382 or 0.618, this needs to be judged based on the number of bullish and bearish candles, while also considering the pressure from trend lines. Of course, for us ordinary people, it's best to first learn these basic concepts, which are very useful.

Following the analysis principles of Bitcoin, we continue to apply them to Ethereum, with 3063 as the top and 2621 as the bottom, giving us a strong resistance level of 2894 USD. However, Ethereum is somewhat different in that its volatility is far less than that of Bitcoin. Therefore, holding positions requires more patience and endurance. The most important point is that after a rapid drop, the price made a new high, which undoubtedly adds a bit of fear for those shorting. So how should we grasp the overall direction and entry price in the upcoming operations? Let's continue to follow Lao Lv.

Bitcoin will definitely experience significant ups and downs next, which is something we mentioned at the beginning of the article that everyone should pay attention to. We will explain the two reasons behind this. The first reason is that, as mentioned earlier, Bitcoin has actually dropped to the point where it can't drop any further on the daily chart; the price indicators have already peaked. If it drops further, there won't be much space left. After the current rebound, we hope it can break a new low, forming a divergence in the indicators, which will prepare us for bottom fishing. Of course, we will continue to follow up on this. The second reason is that the entire market has been in a prolonged downturn, and if it doesn't rebound and stop the decline in advance, it will basically be on the verge of a crash. The rebound during the decline is also a preliminary activation of the "retail investor protection program." Based on the current four-hour rebound rhythm, the strong resistance level is 88344 USD. As long as the price does not surge and break through this level, never think about going long. Only after it stabilizes above this level will there be an opportunity to buy on a pullback. Therefore, don't get anxious just because the price is fluctuating. In our operations, we only focus on key levels. While being aware of risks, we also pay attention to opportunities. Once this resistance level is successfully tested, it will become a new top for this round of decline, and the intensity of the decline is self-evident! Following the same analytical approach, Ethereum must hold above 2894 USD; the bears are still present, and if it doesn't break and stabilize here, going long may be hanging on a tree top.

As we analyzed earlier, this week the price will definitely experience significant ups and downs, especially for Bitcoin, so everyone must pay attention. However, our main strategy remains focused on short positions, with some auxiliary long positions. This round of decline on the four-hour chart has been a series of bearish candles, indicating strong bearish pressure. However, for the bulls, the rebound from 80602 has seen a rise of nearly 8000 USD, showing that the bulls are not weak either. This week, it is clear that both sides continue to compete. In our operations, we should take profits in a timely manner and leave a small portion of our positions to speculate, continuing to provide entry prices and returning to normal positions. Holding positions for too long is not advisable.

Today: Written by Lao Lv on November 24, 2025, at 11:20 AM. Please note that all strategies are effective once and should not be reused! Check the text version and specific entry prices in the lower right corner of the image or video.

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