Last night, a spike hit 40%. The contracts don’t know how many people have died.
A year ago, there was still a daily level correction. The highest realm of military strategy is that there are always troops chasing behind the troops, and we still have to wait for the usual spike that happens once within 10 days. This time is not the bottom yet; you think dropping once is the end? It's not that cheap. 😂 There will be a third time, a fourth time, and the big spike hasn’t arrived yet. I believe it will come, though late. The big pie is hanging at 85,000. Americans usually crash the market at midnight, and the washout happens at least three times. Wait for the spike orders; survive first to have a chance to make money.
Summarize today’s key points:
1: BTC hasn’t dropped yet; prevent the Wednesday CPI from continuing to crash the market.
2: The whales are very likely to directly plunge to the 85,000 low point to wipe out the long positions, increase liquidity, and then push it back up.
3: Bull markets often have spikes. Recently, friends who are short-term bulls can only find support on the 4-hour timeframe to catch spike orders as the current strategy.
4: Personal opinion, the extreme low is around 85,000. Currently, it’s just a healthy correction in the bull market. The adjustment has been going on for about a month, and it will continue to surge. This bull market peak is between 130,000 and 150,000.
5: Top trader Eugene stated this morning after the market crash that currently bottom-fishing ETH, ENA, and PEPE is relatively safe. I also think these three coins are good.
6: The past 24 hours have seen the largest long liquidation in this bull market cycle so far.
7: Today’s short-term BTC targets are 95,600 and 94,800 for purchasing, with a position size of 5.5, and a stop loss at 94,150.
8: Today’s short-term ETH targets are 3,600 and 3,550 for purchasing, with a position size of 5.5 and a stop loss at 3,500.
9: The positive news for all coins is pushed to March next year, indicating that the market will start to adjust from the end of December to the end of January.
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