Follow BitMagic's Crypto Perspectives: Latest Posts & Discussions

BitMagic

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BitMagic

2h ago

At 3 a.m., the Federal Reserve is expected to cut interest rates. What exactly are everyone’s expectations?
In the afternoon, Bitcoin and Ethereum suddenly surged, then quickly fell back. Many people asked me about it.
A 25 basis point rate cut is almost certain; this recent rally is basically a bullish signal for a December rate cut.
According to past惯性, positive news usually becomes negative once it is realized, so the market should be selling off. But everyone is actually hoping for a sort of covert money printing by the Federal Reserve.
Currently, there is quite a debate, and it’s hard to

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BitMagic

8h ago

In the morning, let everyone take more below 3300, and the increase point is 3240
The highest profit of playing short-term is also more than 100%
Now the market pullback ranges from one-third to one-half
The pressure of Bitcoin 94,000 has not been effectively broken through, and it is also hovering at the 4-hour long-short dividing line
Ethereum is firm, and it will be seen whether Bitcoin can have an effective breakthrough before the announcement of interest rate cuts in the evening

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BitMagic

13h ago

I predicted a market shift the night before last.
Yesterday, I told everyone that a major move was imminent and there might be a surge.
Last night, Bitcoin surged by 5%, and Ethereum by nearly 10%.
Successfully predicted the market shift—the 15-minute long-short dividing line supported Ethereum all day yesterday. Many followers profited both long and short three or four times, making significant gains.
Bitcoin's first target is now 96000-97000, Ethereum's is 3600-3700. Ethereum has stabilized above the 4-hour long-short dividing line, but what's awkward is that Bitcoin hasn't; it's hovering ar

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BitMagic

23h ago

The long-short dividing line worked wonders
It held up seven or eight times today, and some followers traded long and short five times
Before ending the stream, I told everyone that 3106 is the critical long-short dividing point
The probability of holding was high, so go long during the rebound, and now it's skyrocketing—hold onto those profits, feels great
Be sure to take partial profits tonight, both taking profit and stopping loss are very important

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BitMagic

12-09 06:46

This morning, I led everyone to profit from both long and short positions.
We opened short positions at the 3130-3140 resistance range and made over 100% profit.
After taking profit, I updated in real time: the 3089 support held, so we went long and also achieved over 100% profit at the peak.
Now the market has returned to the support level again. This time, don't rush. Observe first and only enter if it's clear the support won't be broken, because the volatility range is getting narrower. Especially for those who caught both previous moves, be cautious when opening new positions.

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BitMagic

12-09 01:46

Bitcoin and Ethereum are about to experience a trend reversal
Last night, I already shared the resistance levels of the trend lines. Bitcoin is fluctuating around the trend line resistance, and Ethereum is also approaching its trend line. Moreover, it is standing above the 4-hour bull-bear dividing line. If it breaks out effectively, there could be a decent increase.
Currently, Ethereum is at the Fibonacci 0.786 level, with resistance at 3130-3140. You can consider a short position at this level, with a stop loss at 3180.

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BitMagic

12-08 14:21

Bitcoin and Ethereum are about to experience a major move
Bitcoin: The first trendline has already been broken, with the next trendline resistance around 96,000.
Ethereum: The trendline hasn’t been broken yet, but it’s already at a critical point. If it doesn’t break today, the news on Wednesday will be crucial.
Ethereum, 4-hour long/short dividing line: it’s also at a critical point right now, currently above the dividing line, but it can’t be considered stable yet. Once it breaks through, there will be a big move, with resistance in the 3,600-3,700 range, which is also the Fibonacci 0.

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BitMagic

12-06 02:08

The probability of Bitcoin testing the bottom again is increasing.
The resistance at the trendline 94000 hasn't been broken, and the support at 90000 has been breached.
Yesterday, I went long on Ethereum twice using the long/short boundary line, at 3120-3130 and 3150. Both times, the price reached just below the 3190 resistance level, so the profits were pretty good. Last night there was profit on both the long and short sides—first went long, then switched to short after the 15-minute long/short boundary line was breached.
This weekend, let's observe the strength of the rebound. If, after reb

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BitMagic

12-05 07:40

Today I went long twice, entering long positions in the 3100-3130 range.
Went long again at 3150 at noon.
The feedback from followers has been quite good, with two profitable trades.
In recent days, Ethereum’s selling pressure has been lower than Bitcoin’s, and its buying volume has been higher than Bitcoin’s. Although the total amount bought isn’t enough to significantly impact spot prices, many investors are accumulating on dips.
For short-term trading, regardless of news, I enter positions when the long-short dividing line we often show is reached. The above two long trades were both done t

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BitMagic

12-05 01:54

The probability of a Fed rate cut has reached over 90%.
Yesterday, I used the one-minute long/short dividing line to make several ultra-short trades, with the highest profit close to 200%. Last night, the short positions on Bitcoin and Ethereum both reached 200% profit.
Recently, Ethereum has been performing much stronger than Bitcoin, possibly due to the upgrade.
The resistance at the Bitcoin 94,000 trend line may gradually be broken during consolidation, but before breaking through the 94,000 resistance, there is still a possibility of a double bottom. Pay attention to the 90,000 support lev

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BitMagic

12-04 06:57

The Fed's rate cut expectations are increasing, and with the Ethereum upgrade, there are dual positive factors. Ethereum's breakout has been quite strong, but Bitcoin still hasn't broken through 94,000.
If the Fed cuts rates, it's possible that Japan might continue raising rates afterward. The two major drops before were both caused by rate hikes in Japan, which attracted capital.
It should be around the 20th.
Let's see if there will be a sustained rebound soon. Judging by Ethereum's current trend, the upward movement should continue.
Today, I used the long-short dividing line for ultr

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BitMagic

12-04 06:57

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BitMagic

12-03 07:00

Currently, the market is rebounding, with Bitcoin up nearly 9% and Ethereum up nearly 11%.
According to this morning’s market analysis, a small-scale 5-wave rally is underway.
Bitcoin has not yet reached the resistance at 94,000, and Ethereum has not yet reached the 3,090-3,110 resistance level.
For those who were in a hurry to open short positions this morning, make sure to set your stop-loss. In the public channel today, the benefit long positions are also in profit.
The liquidation map above is almost cleared out. After a nearly 10,000-point drop in one day, there's now a nearly 10,

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BitMagic

12-03 01:58

Bitcoin and Ether both fell by how much and rose back by how much, the market got liquidated for 1 billion yesterday, those who held on are happy today.
There is a resistance range for Bitcoin between 94000-96000. If this rebound forms a 5-wave rise, then those who don't have a position now can wait for a pullback to enter long.
In fact, it's still better to use the long-short boundary for short-term trading. The long-short boundary on the 15-minute chart yesterday was 2850, and I do regret not choosing to go long when it broke.

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BitMagic

12-02 07:00

The market is trying to break through the 15-minute resistance band, 2865 is the upper band of the resistance band, and it is at the Fibonacci 0.5 level. Currently, the market can be operated according to this idea.
Option A: Short (Optimal)
Short in batches between 2820 and 2860
Stop loss: 2890
Target: 2800 → 2780 → 2755
High win rate and good return ratio.
Plan B: Go long (wait for a pullback)
Wait until 2745–2760 to do it.
Stop Loss: 2732
Target: 2820–2830

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BitMagic

12-02 01:48

The short order placed on Friday night saw Bitcoin's maximum profit exceed 1k.
On Saturday, open a short order at more than 3040, the profit that can be made is already quite substantial.
The point yesterday, especially last night, precisely reached the third take profit level.
Today is a rebound after the small-level downward structure has completed. After the rebound ends, continue to short, and the view on the second bottoming and even lower positions remains unchanged.

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