Everyone, it’s interesting to note. Every time Old Li takes a break, BTC sets a new high; last time it broke 80,000, and this time it surged to nearly 94,000. Friends in reality are teasing Old Li, saying, 'It seems the international situation depends on you, Old Li.' Back to the point, yesterday BTC hit a new high influenced by the escalation of the Russia-Ukraine conflict. According to Ukrainian media RBC Ukraine, on November 19 local time, Ukrainian forces used the U.S. Army's Tactical Missile System (ATACMS) for the first time to strike a facility in Russia's Bryansk region. Subsequently, Russian state media reported that the Russian Ministry of Defense confirmed this news, stating that the Russian missile defense system shot down five out of six missiles. This attack hit a military facility near the city of Karachev in Russia's Bryansk region, about 130 kilometers from the Ukrainian border.
As a result, BTC has risen in price as a safe-haven asset, while global stock markets have plummeted, with European benchmark stock indices down nearly 1%, and U.S. stock index futures declining, alongside increases in global bonds and gold. At this point, some friends may be curious: why does the cryptocurrency market fall during conflicts in the Middle East, such as between Iran and Israel, but rise during the escalation of the Russia-Ukraine war? These are different levels of impact; localized wars only lead to surges in energy and gold prices, while escalated wars necessitate consideration of more channels for asset transport. Currently, the smoothest channel between countries is the cryptocurrency market. The impact of the Russia-Ukraine war involves major powers worldwide, affecting both the safe-haven aspect and asset transport, leading to a short-term rise in the cryptocurrency market. Therefore, the recent focus can be placed on how Putin will respond. Once the war expands, it could perfectly resolve the funding gap for BTC before December, and there might even be a chance for a significant surge. Even if the war does not expand, with interest rate cuts in December, everyone can still profit. Users with capital can consider positioning themselves now. The recent growth hasn't shown significant depth in corrections; do not keep expecting deep corrections in the cryptocurrency market, especially BTC. A deep correction will only provide opportunities for other large funds to enter. Normal fluctuations will stabilize between 2000-3000 points, and after a correction, the speed of recovery will definitely be quick.
Opportunities of historical significance do not come every year. This round of BTC's rise can be said to have gathered immense support in terms of funds and policies. There is still a huge upward space; with military-level push, the upward space could increase by at least 5,000 points. The focus will depend on how Putin responds next. Positioning in advance poses little problem; do not underestimate Russia. Earlier this year, foreign risk-controlled assets used BTC as their channel, pushing BTC up by 2,000 points. This round of growth will exceed previous levels. For short-term users, this is a speculative form, and it depends on your own choices. Currently, Old Li's assessment is that the benefits outweigh the risks. How much more upward space do you think BTC has this time? Leave your insights in the comments section.
From a news perspective, the world’s largest company Microsoft will review a BTC investment proposal on December 10. If approved, it will represent a significant increase in BTC holdings for this 3 trillion USD giant. Influenced by Trump’s policy stance, major players are reevaluating their investment views on BTC. Coupled with the Federal Reserve's monetary easing in December, this is a rare opportunity that Old Li has been emphasizing; the favorable conditions for BTC keep coming, what are you waiting for? A correction is just an opportunity to get on board.
In summary, regardless of political, military, or financial aspects (for reference, issues mentioned in Old Li's article a few days ago), long-term growth is already a certainty. Old Li mentioned to hold near 73000, so funds that have entered the market early can, like Old Li, continue to hold long-term, aiming for 120,000. Funds waiting to enter can consider joining around BTC 90,000; even if a deep correction occurs, there is no need to overreact as a long-term investor; just hold on! The only question you need to consider is whether to increase your position. Returning to the short-term, the current BTC price is 93,449, and 93,000 has not stabilized. The large-scale weekly chart shows four consecutive bullish candles, and the price has broken through the upper Bollinger band, with strong selling pressure above 93,000. Both RSI and KDJ are in the overbought zone, indicating a risk of correction. The MACD 24 indicators show that the histogram is weakening, along with recent capital outflows, indicating that bullish momentum is decreasing. The daily level RSI shows a decreasing bullish trend.
BTC Strategy: This level is not recommended for short positions. Look for long positions on corrections and pay close attention to Putin's next moves. If there are actions, you will have the answer in your heart. If not, if 91,000 breaks, you can try to go long lightly between 90,300-90,600 and observe market trends. If it breaks below 90,000, consider heavily increasing your long position around 89,600-89,800, aiming for a take-profit above 91,000. The challenge of gaining a thousand points is your patience; if there are any issues, communicate with Old Li promptly.
