In the past two days, the cryptocurrency market has been turbulent, and the market is like a complete market cleansing storm. Small retail investors have chosen to cut their losses and leave the market, but the net inflow of Bitcoin ETFs continues. Last night, the US November CPI was announced, and the results were in line with expectations. The car has become lighter, and the market is easier to pull. In the evening, the price of Bitcoin once again stood at 100,000 US dollars. At this time, does it make people feel that the bull market is back? This is how the market constantly tortures retail investors and puts "inertial anesthetics" on the brains of retail investors! The market will not really end until retail investors believe that the next decline will always rise back.
What is the next direction of Dabing?
Trump is about to take office in January next year, and there are reports that he hopes that Bitcoin can reach 150,000 in the early days of his term. This may not be without basis, as he has previously proposed Bitcoin as an asset.
At present, the trend of Bitcoin is still very strong. The decline is basically a momentary drop and then a rapid recovery, like a needle. Yesterday, Bitcoin broke through the 100,000 mark again. If it can stay above 100,000 for several consecutive days, it can be basically determined that the next wave of market is coming.
From the perspective of trend, the daily MA30 moving average test support is effective, the upward trend has not been broken, and there has been no false break. It's just that the slope has decreased, and the next few days will be potential time nodes for choosing the direction.
Looking back at the journey of Bitcoin, it has encountered many bumps along the way, but it can always reach new highs after experiencing ups and downs. This is very similar to our lives. As long as we overcome setbacks, we can reach one peak after another in our lives.
It is meaningless to go up or down every day. The bull market is about subtraction, not adding burden to yourself. If you watch the ups and downs every day, you can't hold on at all, and the probability of making money is not high.
When the bull market is about to end, you look back and slap yourself, thinking how good it would have been if I had held on to it. There are not so many ifs and buts in life.
There’s only one thing you need to know right now: the bull market isn’t over yet!
Recently, the market has experienced two drastic leverage cleanup operations. First, at 6:28 am on December 6, Bitcoin spiked to around 90,500, which triggered the leveraged positions chasing highs around 102,000. Second, at 5:10 am on December 10, Bitcoin spiked to around 94,000, and the leverage of altcoins was also exploded. Today, the market has successfully recovered from the frenzy to a healthy state. The funding rate for long Bitcoin has dropped sharply from 100%+ to around 10%.
In the subsequent bull market, what we need to do is to protect the profits of Bitcoin and altcoin positions when the price stagnates and the leverage rate rises sharply. This is particularly evident in the recent wave of leverage killing Bitcoin and another wave of leverage killing altcoins.
Firmly bullish! The view that the alt season is coming remains unchanged:
The first stage of the bull market is sector rotation, and the second stage will select strong sectors, that is, leading sectors. Summarizing the market data, it can be found that the dog dealer has carried out a large-scale wash this time, mainly targeting copycat contracts.
During this process, the overall amplitude of Bitcoin and Bitcoin Core was less than 10%, while the altcoins basically pulled back to around 20% - 30%. This round cleaned up the altcoin contracts very well.
After the wash, the market experienced an overall strong rebound. Bitcoin regained its footing at $100,000, and Ethereum was on its way to $4,000. The prices of some altcoins not only rebounded, but even broke new highs. In the rebound of the secondary market, you only need to hold your position.
As for currencies, there are many targets to buy, both from the perspective of sectors and concepts. In the general rise stage of a bull market, there is no need to change positions too frequently. Many times, once you change positions, the price will rise after the change. Just don't buy those particularly bad targets.
It has been emphasized many times in the bull market cycle that every decline is the best opportunity, every decline is giving away money, and every decline is also a good time to examine the copycat market and change positions.
If you are a spot holder, you don’t have to worry at all. The bull market has only lasted for one month since November. How can such a short cycle end easily? Next, focus on DEFI, MEME, AI and other fields, and also pay attention to the RWA track, which is expected to become popular next year.
