Orbit: Crypto Community Feed
Breaking through $66,000 does not equal a buying opportunity.
Bitcoin's short-term surge once pushed it back above $66,000, then it fluctuated around that level. Earlier, exchanges saw continuous net inflows, miners and institutions moved their chips onto the market, and there was considerable selling pressure above. The price holding up indicates that short-term funds trying to catch the rebound have not left.
However, $66,000 being repeatedly tested rather than decisively broken with volume also shows that incremental buying willing to continue at this level is still insufficient. The bias is bullish, but this is a rebound rather than confirmation of a trend reversal.
Scenario one: Exchange BTC net inflows narrow, and a real support near $65,000 on a pullback, with a stable hold and volume increase, would be valid. Scenario two: The price quickly falls back below $66,000, making this rally closer to a bull trap.
Would you rather wait for a pullback confirmation or watch for narrowing net inflows before acting?
Source: BlockBeats
$BTC
Held on for a long time, with a total unrealized loss of 2661.51U. Finally decided to cut losses and reverse positions.
In a persistently weak market, holding high-leverage long positions only leads to more passive losses. No longer fighting the trend stubbornly, accepting losses and exiting, adjusting the strategy to reposition.
Position status:
$BTC: Entry price 70968.5, current price 64398.3, unrealized loss -2232.49U (ROI -927.95%). 100x full margin long, maintenance margin rate 1059.66%
$SOL: Entry price 95.79, current price 70.44, unrealized loss -363.26U (ROI -2646.41%). 100x full margin long, maintenance margin rate 1059.66%
$ETH: Entry price 2357.92, current price 1770.7, unrealized loss -65.76U (ROI -2490.41%). 100x full margin long, maintenance margin rate 1059.66%
The feeling of holding positions is so agonizing, the slow decline is wearing me down, and the rebound is delayed. Accepting the loss, no longer stubbornly holding, after closing positions, preparing to reverse and follow the market.
This time I remember the lesson: when the trend is wrong, stubbornly holding only enlarges losses.
This is only a personal real trading review record and does not constitute any investment advice
#英伟达宣布黄仁勋辞去CEO职务，继任者会是谁？
$ETH brought 60 million into the crypto circle and lost it down to only 8 million? Are there really people this bizarre?
In just three months
witness a "bull and bear"
According to the so-called cycle similarity belief
in a perfect downtrend channel
going against the trend all the way from 76,000+ to 66,000
Looking back
I was really both stupid and stubborn
Six consecutive weekly declines
In the entire BTC history, this has only happened two or three times
Fate makes you encounter it when you do
Since this time the path has been taken to the end
If it ultimately ends in failure
then maybe it's time to give up the left side?
$BTC $ETH
#BTC与ETH持续回调，市场何时迎来转机？
$PUMP thought about it for a long time and finally decided to close it, trapped for 96 days
Influential Creator
The real hell is coming soon.
Bitcoin has dropped from $81,000 to $63,800, and many people have already started to think the market is cheap enough to buy the dip.
But I am increasingly worried that this downturn may be far from over.
In past crashes, every time someone thought the bottom was reached, each rebound attracted a new wave of funds, only to be followed by even lower prices.
The truly frightening scenario is that even the rebounds start to disappear.
BTC falls below $60,000, altcoins continue to be halved, leveraged longs are liquidated one after another, and projects that once had liquidity gradually lose buyers.
Altcoins that have already dropped 90% could easily fall another 90% from their remaining price.
What’s even scarier is that many investors are already fully invested, even trying to recover losses through loans and contracts.
If the market enters a sustained deleveraging phase, forced liquidations, collateral sell-offs, and liquidity drying up could amplify each other.
By then, the most painful thing won’t be how much the account has lost, but watching prices fall further while having no funds left to buy.
What I worry about most now is that most people think they have already experienced the harshest phase of the bear market, but the real panic may still be ahead. $BTC $ETH $ZEC
Influential Creator
Old Huang really is a casualty of internal struggles in the US😭
The Washington Post revealed today that the key instigator behind the Jensen Huang incident was US Secretary of State Rubio
Rubio obtained CIA intelligence and handed Trump a memorandum with extremely strong wording, believing Jensen Huang posed a risk
Then the information leaked, and the matter continued to escalate
Along with the exposures of Jensen Huang's affair with his mistress Huang Le and the affair involving a female subordinate at Nvidia
So, within just a few days, Jensen Huang had no choice but to resign
#英伟达冲击千亿美元季度营收纪录 $NVDA
Top whales lost 10 million in contracts in one month and liquidated to exit! Brother Babai was completely broken by the dog whales, smashing his last position to liquidation and then immediately pulling back 😹😹😹
$BTC: 65590.0, briefly dropped to around 61980 this morning! But quickly recovered
$ETH: 1829.45, slammed down to 1700 at worst! Not sure if any brothers caught the bottom, today really condensed a week's market movement into half a day 😹😹😹
The quick recovery from around 61980 this morning shows there are still small institutions accumulating. After the low rebound, it has now entered a phase of consolidation and grinding. This rally is more of a bear trap recovery after overselling, with funds pulling up to attract bottom-fishing bulls, but the buying strength has not continued to strengthen.
The large-scale downtrend structure remains intact; this round is just a rebound during the downtrend, not a trend reversal. You can see heavy resistance above BTC, the hawkish CPI data background remains, and macro bearish factors have not dissipated.
The current position cannot be called a bottom; the real bottom worth heavy betting is around 57000, which is a more cost-effective range. Short-term rebounds can be traded lightly with quick in and out, not suitable for long-term holding of longs, beware of a second dip. #BTC与ETH持续回调，市场何时迎来转机？
