12.01 Last day of the weekend, after the monthly line pullback, the market risk outweighs the profit

The current surge of Bitcoin and Ethereum is nearing its end, the last phase of altcoins has come, and the overall market risk is approaching. It’s possible for the weekly level to push up to 100,000 and pull back to 83,000 again; nothing is impossible. This round of the market will see a lot of selling sentiment. Whether Ethereum can reach 4000 is no longer very important. If it can reach 4000, altcoins can continue to survive. If Musk calls for trades, the market can continue to survive. Unfortunately, there aren't that many 'ifs' and assumptions; we will take it step by step.

BTC Daily - 4 Hour Level Market Analysis

The large-scale breakthrough of Bitcoin and whether it can breakthrough is no longer very important. To complete this round of surge logic, a pullback is needed. Funds are not very abundant anymore; later, Bitcoin will absorb funds and rise again, which is very likely. It is recommended to exit on the right side.

Major level pressure near the previous high of 99,500, support around 95,500. If it doesn't drop below this, it could push up a bit on Saturday night. Recent pressure above is around 97,500-98,500.

BTC + ETH Short Bull Level Analysis

 During the day, Bitcoin is in an uptrend logic, you can speculate on Bitcoin's long position, bottom support around 95,500, and pressure above around 97,500 and higher positions. There may be a breakthrough in the evening.

78585149765

 The position of Ethereum represents altcoins. The major target is 3,750, which has been reached, but there may still be upside potential. In the morning session, it was found that there is no funding willing to enter the market. During the day, pay attention to pressure around 3,780-3,850, bottom support at 3,500 and 3,650. If you don’t take long positions on Ethereum, you can watch Bitcoin.

In this kind of market, those who are bearish will definitely appear again, because they are firmly bearish. I am the same now; I am warning about risk. As a trader, do not be too anxious, do not be stubborn, and take the beating standing straight. If you are wrong, you must acknowledge it.