The recent market has been extremely strong, and the 4-hour chart quickly shows a V reversal trend. Currently, Bitcoin is fluctuating around 100,000, with long and short contracts being repeatedly liquidated. Previously, I warned of risks and suggested reducing positions by half, focusing on the pin bar entry strategy, only purchasing Ethereum and entering Sol with 3x leverage near the lowest point, consistently adhering to the principle of being bullish in a bull market and not shorting, with a focus on buying low. The supreme strategy has also been bullish in the past two months.
Today’s key points are summarized as follows:
Firstly, the Bitcoin 4-hour chart shows a death cross at the 0 axis, facing resistance in the range of 102,000 - 104,000. There are signs of a bearish divergence correction in the smaller timeframe. It is advisable to buy low unless it breaks the previous high, with strong support at 95,000 USD;
Secondly, Bitcoin will likely consolidate for several working days, making it difficult to quickly break new highs;
Thirdly, one should never short BTC in the long term, as it has always favored low buying during a bull market;
Fourthly, future opportunities should focus on Ethereum and leading projects in various sectors, with significant price drops presenting good entry points;
Fifthly, BlackRock and Fidelity have purchased over 500 million USD in ETH within 48 hours. When encountering low prices, one can consider a medium-term layout for Ethereum with 3x leverage, with levels below 3,500 being worth considering;
Sixthly, Trump's crypto project WLFI has increased its holdings by 1,325 ETH at an average price of 3,773 USD;
Seventhly, if SOL upgrades through ETF benefits next year, one can start 3x leveraged long positions when below 200;
Eighthly, Doge whales bought 210 million DOGE during the recent price adjustment;
Ninthly, PNUT has been listed on Coinbase, and I advised entering at the price of 1.07 yesterday; lastly, it is expected that after ACT is listed on CB, the rally strength may surpass that of Squirrel.
With 5 years of experience in the crypto space, feel free to consult me on any questions. For those who want to progress together, check out my business introduction.
