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Do not worry about having no friends on the road ahead, there are kindred spirits on the investment path. Good afternoon, everyone! I am the Coin King from the Coin Victory Group. Thank you all for coming here to watch the articles and videos from the King. I bring you different cryptocurrency news and accurate market analysis every day. On the first day of the update yesterday, I brought you a profit-taking strategy. As the King mentioned, the overall market is tepid, maintaining a sideways and slightly declining pattern, but the volume is relatively poor. Moreover, currently, the possibility of change is low. At present, the only noteworthy news is the derivatives settlement, with over 1.4 billion dollars of cryptocurrency options expiring today, among which Bitcoin options are about 1.28 billion, with the maximum pain point at 64000, and Ethereum options at 161 million, with the maximum pain point at 1900. Generally, before the expiration date, the price tends to approach the maximum pain point, and the volatility will be suppressed. Currently, the bullish options in the market are concentrated above 68000, and the probability of reaching that level in the short term is too low, with energy too far away.

Let's take a look at the short-term market. The Bitcoin daily chart has already recorded five consecutive bearish candles, and yesterday formed a bottom doji. It seems like there is an opportunity for a rebound, but constrained by the options settlement pain point at 64000, the rebound halts at that position. Looking ahead, it will be tough to break above 64000 again over the weekend, requiring 2-3 days to accumulate energy. While the critical support is near 62500 below, from the indicators, the downward momentum isn't strong enough. There is also support around the previous low at 62200, and I remain optimistic about the market consolidating sideways. In terms of trading, I suggest placing a short at 64000 with a target of 62500 and a stop loss at 64600. For the long side, I suggest placing a light position long at 62500, with a stop loss at 62000 and a target of 63800. If the long position unexpectedly hits the stop loss, remember to only go short, directly targeting 58000.

The Ethereum performance today is slightly stronger than Bitcoin, but overall it is still relatively weak. Although there was a slight positive close yesterday, the overall pattern remains weak; yesterday’s rebound was similarly constrained by the options settlement pain point around 1900, which halted the rebound once reached. However, there is still decent support below, having rebounded directly twice near 1860. If you want to make a short-term entry, this position could be worth a small stop-loss attempt, with visible upward space being approximately 40 points, controlling the stop loss within 15 points. You can try to short once at 1900, targeting 1860 to reduce the position, and depending on the situation, exiting at either 1820 or 1885.

That’s all for today. Remember the hot spots, understand trading essentials, and keep an eye on key market points. We’ll continue to profit next time! This content is exclusively planned by the Coin Victory Group. Search “Coin Victory Group” on WeChat public account; we have the same name across the internet! If you want to know real-time strategies, de-risking techniques, or learn about candlestick patterns and contract methods, feel free to chat with the Coin Victory Group. We also have a fan free trial group and community live broadcasts filled with useful content, no fluff! Let’s monitor the meeting together at dawn on Thursday and discuss any news at any time. If you find this useful, please like and follow to avoid getting lost! If you find this useful, please like and follow to avoid getting lost! Lastly, let me share a heartfelt message: if you truly want to learn from a blogger, you need to follow long-term, don’t just jump to conclusions after only a few glimpses of the market!

There are too many "performative players" in the market. Today they showcase screenshots of long positions, and tomorrow they summarize short positions, making it seem like they can "always catch the top and bottom" with miraculous moves, but it's all just hindsight! What truly deserves attention is the trading logic that is consistent and withstands scrutiny, not just acting like an expert when the market moves! Don’t be blinded by those exaggerated data and out-of-context screenshots. Long-term observation and deep understanding are required to differentiate who is a true knowledgeable thinker and who is just an illusionist building dreams for you!

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