My cryptocurrency story begins with Bitcoin HIS GPU miners in 2012. P Trader | Crypto technical pattern analysis, teaching and writing as a first-person instructor.

PaiCrypto

3h ago

Saylor said last week’s plunge was an AI stampede. Arca fired back with one word: nonsense.
I don’t fully believe either side, but it doesn’t matter. What matters is who is buying.
What happened to the sell-side doesn’t matter anymore. Leverage got blown up, stop-losses got triggered, and institutions cut exposure. Everyone who should have run, ran. The only question is where the money that’s left will go.
On Sunday it shot from 60k to 64k, then pulled back 4,000 dollars in half a day. Today it’s slowly sliding back to 62.6k. The buy orders that chased in during that bounce are now quiet

View Original

Reward
like
Comment
Repost
Share

PaiCrypto

11h ago

Yesterday, I said 63k could hold, but today 63 is gone.
The early trading dropped to 62,408, and that Sunday’s rally to 64k is almost exhausted.
The market is asking you: was last Friday’s 59,131 the bottom, or can’t 62k hold and we need to test again?
Some believe both.
Those who believe in the bottom look at the volume — the volume of that Sunday’s rally couldn’t have been driven by retail investors.
Those who believe it will fall further look at the structure — if the rebound can’t even hold 64k, the bearish trend hasn’t reversed.
I didn’t change my plan, but I changed the price

View Original

1 Likes

Reward
1
Comment
Repost
Share

PaiCrypto

11h ago

Yesterday, I said 63k could hold, but today 63 is gone.
The early trading dropped to 62,408, and that Sunday’s rally to 64k is almost exhausted.
The market is asking you: was last Friday’s 59,131 the bottom, or can’t 62k hold and will it test again?
Both are believed by some.
Those who believe in the bottom look at the volume — the volume of that Sunday’s rally couldn’t have been driven by retail investors.
Those who believe it will fall further look at the structure — if the rebound can’t even hold 64k, the bearish trend hasn’t reversed.
I didn’t change my plan, but I changed the

View Original

1 Likes

Reward
1
Comment
Repost
Share

PaiCrypto

06-08 01:38

Last week, the market only traded one word: run.
Five days, from the peak straight down to the trough. Not a correction, not an adjustment, but leverage exploding leverage, stop-loss hitting stop-loss. By Friday afternoon, the sell-offs were not pricing in fundamentals, but pricing in fear itself.
Then nothing happened over the weekend. No defaults, no black swans, no new negative news.
Today, it bounced back at the open. Not a V-shaped reversal, but the market is asking a more fundamental question: Was last week's sharp decline caused by fundamentals, or was it liquidated leverage being

View Original

1 Likes

Reward
1
Comment
Repost
Share

PaiCrypto

06-07 14:20

🇺🇸 Market Closure Reflection
On Friday’s close, the trading screen opened with SOXX -10.44%, XLK -6.66%, and NVDA -6.2%. Chips and tech got uniformly hammered. The VIX jumped from 15.5 to 21.5—up nearly 40% in a single day.
But the more interesting part isn’t that.
At the same time, BTC +1.4%, Ethereum +3.1%, and SOL +3.6%. Gold was also falling, down -3.65%. This isn’t the classic “risk assets dumping in sync.” Someone is selling chips, while someone else is buying crypto—and it’s not the same group of people.
Over the past two years, “crypto moves with the NASDAQ” has almost become

VIX-2.2%

View Original

2 Likes

Reward
2
Comment
Repost
Share

PaiCrypto

06-07 14:15

🇺🇸 Market Closure Reflection
On Friday’s close, the market opened up with the following moves: SOXX -10.44%, XLK -6.66%, NVDA -6.2%. Chips and tech were uniformly getting walloped. The VIX jumped from 15.5 to 21.5—up nearly 40% in a single day.
But what’s interesting isn’t that.
At the same time, BTC rose +1.4%, ETH rose +3.1%, and SOL rose +3.6%. Gold was also falling, down -3.65%. This isn’t the classic “risk assets dumping in sync.” Some people are selling chips, while others are buying crypto—and it’s not the same group of people.
Over the past two years, “crypto follows the NASD

VIX-2.2%

View Original

1 Likes

Reward
1
Comment
Repost
Share

PaiCrypto

06-07 09:54

59,131. The number smashed out on Friday is the anchor for everyone next week. Holding it means a rebound is possible. Can't hold, and the narrative rewrites.
This week from 74k down to 59k, nearly 20% evaporated in five days. The most painful part isn't the decline, but the rhythm. Every day waking up to a price lower than the night before. ETH fell below 1600, SOL dropped from 90 to 64. No coin is spared.
The only core question for next week: can 59k hold? Holding it means panic selling ends, and some dare to buy the dip. Can't hold, and there's no consensus support below. 50k isn't a te

ETH-0.91%

SOL-1.04%

View Original

2 Likes

Reward
2
Comment
Repost
Share

PaiCrypto

06-07 09:48

59,131. The number smashed out on Friday is the anchor for everyone next week.
Hold it, and there's a chance for a rebound.
Can't hold it, and the narrative will be rewritten.
This week, from 74k down to 59k, nearly 20% evaporated in five days.
The most torturous part isn't the decline, but the rhythm.
Every day waking up to a price lower than the night before.
ETH fell below 1600, SOL dropped from 90 to 64.
No coin is spared.
The core question for next week is: can 59k hold?
Hold it, and panic selling ends, and some will dare to buy the dip.
Can't hold it, and there's no c

ETH-0.91%

SOL-1.04%

View Original

2 Likes

Reward
2
Comment
Repost
Share

PaiCrypto

06-07 01:49

Next week there's only one thing worth watching: 59,131.
On Monday it was still at 74k, by Friday it dropped to a low of 59k. In five days, $13,000, not a single breath.
59k held. But it held in a very ugly way. On Friday, it bounced back from 59,131, then rose to 61k and stopped. This isn't a V-shaped rebound, it's the market asking itself a question: are there still buyers below?
Next week's narrative isn't about whether it will rise or fall. It's about whether the 59k level is a floor or a window.
In the last cycle, it hovered in this range for two months before dropping, but this t

View Original

1 Likes

Reward
1
Comment
Repost
Share

PaiCrypto

06-07 01:42

Next week there's only one thing worth watching: 59,131.
On Monday it was still at 74k, by Friday it dropped to a low of 59k. In five days, $13,000, not a single breath of relief.
59k held. But it held in a very ugly way. On Friday, it bounced back from 59,131, then rose to 61k and stopped. This isn't a V-shaped rebound, it's the market asking itself a question: are there still buyers below?
Next week's narrative isn't about whether it will rise or fall. It's about whether the 59k level is a floor or a window.
In the last cycle, it hovered in this range for two months before dropping,

View Original

2 Likes

Reward
2
1
Repost
Share

BrotherLiuEr:

That makes sense🙏

PaiCrypto

06-06 10:26

This week is the most painful week of the year. Five days, not a single moment to catch your breath.
On Sunday, it was still at 74k; on Monday, it broke below 70k; on Tuesday, it smashed through 66k; on Wednesday and Thursday, it stubbornly held at 64k.
On Friday, it dropped to a low of 59k, completely taking away the hope given by Thursday’s lower shadow.
It’s not slow cutting of meat, but continuous blunt force.
The most tormenting thing isn’t how much it fell.
It’s that every time you think it’s almost over, the market tells you it’s not.
Extreme fear level 12, this number is as

View Original

3 Likes

Reward
3
Comment
Repost
Share

PaiCrypto

06-05 15:31

Next Monday’s open depends on two things: whether SOXX can hold at 560, and whether VIX will continue to climb. If there’s a sharp drop on Friday, and no new negative news comes out over the weekend, then in the 30 minutes before Monday’s open there’s a high probability that bottom-fishing orders will step in. But I won’t place a bet in advance. My Friday positions determine how many hours I can sleep over the weekend.

VIX-2.2%

View Original

1 Likes

Reward
1
Comment
Repost
Share

PaiCrypto

06-05 15:27

This Week's US Stock and Crypto Market Review
Within the first half-hour before Friday's close, almost all assets were plunging.
It's not sector rotation, but collective deleveraging.
SOXX dropped 5.9%, the bloodiest among semiconductors.
NVDA followed down 3%, XLK cut 3.9%.
The tech sector was hit across the board, with SPY sliding from a high of 760 midweek to 748, a loss for the week.
What truly exposed the problem was gold.
GLD fell 2.3%.
When safe-haven assets are no longer safe, things become simple:
It's not about rebalancing, but someone getting liquidated.
Crypto m

View Original