In the next week, when the price of Bitcoin (BTC) is above 96,000, the strength of liquidating short orders will reach an average of more than 150 million for every 100 points increase, and will reach a peak in the range of 99,100-99,700. In contrast, the strength of liquidating long orders around 92,000-91,000 and 90,000 is relatively weak.

Around 10 o'clock today, Bitcoin fell back to the lower track of the 1-hour Bollinger Band, and immediately launched a strong rebound. The price approached 97,000, clearing all the large short orders within the 1,000-point range in one fell swoop.

If Bitcoin can ensure that it does not fall below 95,000 at the end of this month and the beginning of next month, after the Federal Reserve Wedge Paper event on December 4, it is possible to start a strong upward trend and then have another wave of unilateral upward trend.

From the perspective of technical indicators, although the daily level is downward, this downward trend is not significant, and the 12-hour level has already shown signs of turning upward on Wednesday afternoon. This change has been contained to the greatest extent. The daily level was further upgraded and adjusted, so at that time I judged that the adjustment was basically over.

But the "end of adjustment" mentioned here does not mean that there will be no more declines after the correction that occurred on Monday and Tuesday. After all, in the market, it is impossible for there to be no downward trend at all. Any rise will inevitably be accompanied by a certain degree of decline, but the strength of the correction is much smaller than that of the rise.

For this reason, in a bull market, whether it is short-term operations or medium- and long-term planning, buying on dips should be the first choice for trading.

2. Refutation of Kankong’s views and outlook on the trends of mainstream issues

For those bloggers who mainly make kong and the "kong army" who hold a bearish stance, they see the downward trend at the daily level and rashly speculate that the price of bitcoin will fall all the way to 80,000 or even 76,000.

But I have always firmly opposed this view. You know, it is difficult to fall below 90,000 at the moment, so how can it easily fall to 80,000 or 70,000?

Moreover, there are two strong support levels in the range of 95000 - 91000. If you are too bearish on the market, you will most likely miss the opportunity to go long on a large scale, or even blindly chase shorts at low levels, ultimately ending up with more losses than gains.

In a bull market, being bearish on the market requires caution. One needs to observe the trend step by step and make predictions and precautions for the next market move in advance.

Looking ahead to the market in December, there is a possibility that Bitcoin will test 100,000 for the second time. Once it breaks through this key point strongly, the price is expected to move towards a new high range of 113,600 - 120,000.

By then, Doge will also have a breakthrough, and is expected to impact from 0.48 to 0.56;

Solana will move towards 300 (257 is its strongest pressure level in the short term. Once it can stand firm here, breaking through 300 is just around the corner).

After Ether (ETH) is expected to break through 4000, it will further impact the range of 4660-4996 (from a short-term perspective, its maximum pressure is at 3660. Once it breaks through and stands firm at this position, it will be natural to break through 4000).

In addition, a wave of altcoin ETFs are about to face approval. The favorable expectations brought about by the approval will have a stimulating effect, which will in turn trigger a large-scale pull-up phenomenon. Therefore, altcoins will have considerable room for growth by then, which is worthy of investors' attention.

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