Last week's market review
Last week, Bitcoin directly surged to around 104000 in one day, which completed the consensus of many people. Large institutions entered the market, and BTC reached 100000, so it is very likely to start a long-term high volatility. ETH is moving in a volatile upward channel trend, and has reached a key daily resistance level.
That's how a bull market is, constantly raising the bottom price, constantly washing out contract leveraged players up and down, so holding spot is the most stable and safest.
On Saturday and Sunday, the market was mainly volatile. Our ETH has already broken the 4000 mark, and the next major resistance point is the historical high of 4800. It will definitely break through, although it is cold winter now, but altcoins are already in spring, and many coins have returned to their highs from March this year!
Currently, this high-level volatility washout, everyone should try to hold spot. Every time Bitcoin dips down, it's an opportunity to buy spot. Christmas is just a few days away, and a pullback is certain, so be cautious of risks. Niu Ge started studying the big market this morning and came up with two trends. The current trend is unclear, so be cautious when entering.
Before Christmas, Bitcoin reached prices around 112500 or around 108600
On Christmas, the price of Bitcoin was around 84000 or even 78000
Currently, the market price for Bitcoin BTC is around 99300, and for Ethereum ETH is around 3900
Intraday pressure and support
BTC pressure 100000/101800/104000
Support 98200/97000/96070
ETH pressure 4080/4200/4350
Support 3880/3780/3700
Spot market and primary market
Last week, Niu Ge observed the capital inflow situation and reminded everyone to buy meme coins on Tuesday and Thursday, as nearly all of them had dropped around 50%. After such a long washout, with capital entering, it should rally, right? Niu Ge is heavily invested in turbo and neiro, and had a wave of pnut in between. Although it didn't earn as much as those who bought Baby Doge, overall it's okay.
Patience in a bull market is very important, friends, don't be too anxious, etc.!
Niu Ge won't recommend too many codes, it's more about stability + holding
As of now, Niu Ge's main held coins (the four kings won't be counted)
neiro turbo ena pepe glmr, Niu Ge won't count the ones bought less.
Today, Niu Ge won't recommend any coins to buy, and the contracts have been mainly bearish since the morning. There has been no volume in the rebound.
