At the end of October, Chief judged that Bitcoin had completed its right shoulder and that a crash was on the agenda. For more than half a month, we haven’t taken any long positions, and called shorts at 81,700 and 80,500; even the day before yesterday, we reminded you to short at 74,400. You may not have a short position, but surely you’re not stuck in a long, right? Fans who follow Chief should have avoided getting stuck in long positions this time. Congratulations, everyone! Believing is a skill!

Yesterday, I said the crash was just beginning. On the daily chart, it would inevitably show up as consecutive large bearish candles breaking sharply lower, completing the panic-selling phase. Distribution takes time, and so does accumulation, so there’s no rush to buy the dip.

The first potential area where Bitcoin could find a bottom is the dense trading zone ahead at 65,000. Whether it makes an initial rebound or a shakeout between 64,000 and 66,000, this will be the next consolidation range. So, if you’re holding shorts, wait until the price reaches this range before talking about taking profits!

For Ethereum, take profits between 1,800 and 1,700.

Dip-buying plan: If you can withstand months of pain, Chief recommends taking a left-side position in Bitcoin at 64,000–61,000, and in ETH at 1,650–1,780. These levels can be used as a reference for building a small left-side position. The best time to enter is still to wait and buy on the right side, before the trend takes off—but that takes patience. Just like when Chief called for a huge rally in early August this year. The price may not be as favorable, but it’s the safest approach.

In short, as I keep saying, believing is a skill. Your knowledge determines your ability to tell things apart and judge people. If you can believe in Chief, you must be an equally exceptional person. Only by thinking and learning can you survive one trend after another and make money.

So please give Chief a round of applause, and give yourself a round of applause too. We’re all lucky! #黄仁勋辞职

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BTC-0.67%

ETH-1.26%

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Comment 2

GasWhisperan hour ago

Gas stayed oddly stable during the sharp drop, while L2 arbitrage windows were half as wide as usual. Jumping in here, slippage could eat more profit than the volatility itself. Wait and see whether on-chain liquidation volume can provide a cleaner entry signal.

ElliotWaveSailor2 hours ago

Which wave's retracement does the 64,000–66,000 range represent, or has the ABC correction already completed?

“The Crash Arrived Right on Schedule! Chief’s Trend Calls Are Still God-Tier! Where Could It Find a Bottom?”

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