Orbit: Crypto Community Feed
If everyone losing money just wants to vent their anger at me, then I welcome it, because I know the market these days, whether it's trading in the crypto circle $BTC or doing tradefi $SNDK, the number of people liquidated is countless.
I am willing to be the outlet for everyone's sadness. If coming here to listen to my comfort and my rambling can rekindle your confidence in the market and trading, I will tirelessly do these things.
I deeply understand how everyone feels tortured by the market these days. $BTC jumping back and forth by five thousand points, for those with high leverage and heavy positions, they might just be hanging by a thread now. I completely understand them; we are all in the same boat.
As I said before, through round after round of damage, my tears have long since dried up! I don't know if this is good or bad, but I have exhausted my bullets early and thus luckily avoided this terrifying crash from the global market!
But many people are different. Besides exhausting their savings, they may also be in debt, just for a chance to win a bet. You can say they are reckless, but never stand on a moral high ground to condemn them; they are already shattered.
Life is inherently a gamble—whether you can get into a good university, whether you will have a good job in the future, whether you will have a partner to share life with. It's just that our obsessions have made us, and perhaps also destroyed us!
Crying also takes strength, and I am already too exhausted to cry anymore!
#美国10月非农超预期，12月加息押注升温
Daily Crypto Talk｜XRP 4H Downtrend Structure, Breakout Still Pending Volume Confirmation
As of 11-07 09:11 (Beijing Time), Binance Spot XRP/USDT at 1.1793, 24H +0.00%. Daily high and low points are moving lower, 4H high and low points are moving lower.
Resistance at 1.2396—1.2444, 1.2511—1.2558; Support at 1.1699—1.1747, 0.997641—1.0024.
[Reference Trading Plan]
Direction: Short (contract direction observation); after confirmation, enter limit order at 1.1997, stop loss at 1.2245, take profit at 1.1747 USDT; planned risk-reward ratio 1.00:1 (fees not included).
Trigger: 1H closing price rebounds near 1.1997 without volume expansion, confirm resistance then place short order. After confirmation, only wait with the limit entry price, do not chase price; invalid if stop loss is hit or no execution within 8 hours from data time.
Attached chart includes full indicator analysis. For technical analysis only, not investment advice.
BTC fell from $80,000 to around $76,000. What is the most common mistake during the rebound?
The sharper the BTC drop, the more tempting the first rebound bullish candle is. But price bottoming and trend reversal are fundamentally different.
A market snapshot on November 6 showed BTC once dropped to about $75,400, then returned to around $76,000. This rebound alone is not enough to prove that buyers have regained control of the market.
Next, consider two things:
If the rebound is accompanied by increased spot trading volume and the price holds the recently recovered area on a pullback, it indicates possible improvement in buyer support.
If it’s just a quick surge followed by a fall back to the original range with insufficient rebound volume, be cautious of mistaking a brief short-covering for a new upward trend.
When judging the market, don’t rush to guess the lowest point. First confirm if the rebound has sustained buying, then consider whether it is a correction or a reversal.
#BTC #Bitcoin #TradingWatch
Main focus $ETH | Strategy Long
Let's be clear first, direction locked
A position long on $ETH, leverage capped at 8x. At the current price of 2,244, place a base order first; if it pulls back to support at 2,205, add to the position—that's the shadow low on 11/05, those who got hit won't want to step on it a second time. Stop loss uniformly set below a deep pullback at 2,161, target first stop 2,347, second stop 2,425. Reason in brief: after $ETH was pushed down from a high of 2,450, it consolidated around 2,240 for two days, funding rate +0.007% still has longs paying shorts, this trend is like that annoying Apple weather issue—data looks scary but it's just sideways consolidation.
The chart lays out the script
Chart analysis: the descending pressure line from 2,450 (11/04 swing high) down to 2,253 (11/06), $ETH is stuck in a narrow band below the pressure line and above support at 2,205, grinding sideways. MA5 at 2,283 is pressing down with no volume, indicating a low-volume pullback. The last close at 2,244 stands back above MA3 at 2,240, the 7-day range is 2,205-2,450, hugging the lower edge of the box. The scenario given is a rebound: T1 2,347, T2 2,425, deep pullback at 2,161 is the last gate. As long as 2,205 doesn't break, this rebound remains valid, don't rush to chase the highs.
Trump has also fled.
His Trump Media company has started liquidating Bitcoin, selling as much as 99.99% of its holdings!
The company sold 4,259 BTC, equivalent to $343.67 million.
The timing of this large-scale sell-off is very delicate: the Democratic Party is preparing to investigate the crypto industry and the financial connections between the Trump family and crypto assets.
This batch of Bitcoin holdings once peaked at a market value of $1.4 billion in 2025, but now has been almost entirely cashed out. #美股遭大幅抛售：费城半导体指数创2020年3月以来最大单日跌幅 #比特币承压，ETF近7日净流出约11亿美元 $BTC
$BTC
In the bear-to-bull transition phase, the market is always discontinuous, and there are many unexpected issues, all bad ones.
Entered some long positions again at places with a high profit-loss ratio.
So far, this year's bull market has completely replicated the early 2023 bull market trend. The 8 months of consolidation in early 2023 left a deep impression. Back then, the capital wasn't very large, and I always wanted to catch every market fluctuation, which tortured me for 8 months.
Hope this time is different (but actually, it's pretty much the same every time)
Influential Creator
Once the non-farm payrolls were released, the bulls' last hope for a rebound was dashed. Last night's employment data significantly exceeded expectations; I originally thought the market could catch a breather, but BTC couldn't even reclaim key psychological levels. Today, the focus is on where the funds have gone?
$BTC is currently in the most awkward position. The non-farm payrolls directly pushed up rate hike expectations, with the US dollar index and US Treasury yields strengthening simultaneously. BTC dipped to 74877 and is now grinding around 75700. The spot ETF continues to bleed, with a cumulative net outflow of $870 million in the first four days of November, making redemption pressure very apparent. I believe it will oscillate around 75000 recently.
$ETH is weaker than BTC, with ETF outflows for more than twenty consecutive trading days. The rebound is just short covering, with no institutional entry. It can't hold above 2300, and the weak pattern remains unchanged.
$SOL is relatively resistant, oscillating near 90, but the Lujiazui offline event was called off, and domestic regulatory risks loom overhead. It is currently experiencing liquidity-driven declines; only after volatility is digested will there be opportunities.
With rate hike expectations pressing down and ETFs still continuously flowing out, it is difficult for this market to have a major reversal in the short term.
Unstuck $ETH
A textbook M-top pattern, the bulls' last line of defense is about to break. $SNDK $BTC $ETH
From a violent surge at 689 to 2373, followed by a cliff-like plunge, the bulls desperately tried to save themselves around 1800, but were still crushed by the bears, triggering another fierce waterfall drop.
Now the price has fallen to 843, dangerously close to the previous starting point of the rise, which is the horizontal support level at the bottom of the chart. This is a very sensitive dividing line between bulls and bears. Once effectively broken by the bears, the entire M-top formation is confirmed, and what follows is a bottomless pit.
The strategy is to balance defense and opportunistic plays.
Bulls can lightly try to go long around 830 to 840, gambling on a double bottom pattern. If it stabilizes here and forms a V-shaped reversal, the short-term target is 900 to 950.
For bears, if the price breaks below 830 with volume, do not catch the falling knife; it will likely trigger a new round of panic selling. Follow the trend to short and target lower support levels.
Regardless of bullish or bearish positions, stop-loss must be strictly set below 820. Exit immediately with a loss if broken. #美国10月非农超预期，12月加息押注升温