$BTC $ETH $SOL
Zero Point Analysis Episode 83
Good late night, cryptocurrency traders, I am Jiu Ge!
In the evening, with the opening of the U.S. stock market, Bitcoin-related concepts rose overall, and MicroStrategy exploded with an additional investment of $1.5 billion in Bitcoin. Bitcoin soared with the opening of the U.S. stock market!
The trend of Bitcoin is still basically upward, with another upward movement on the 1-hour level, completing the 4th wave, perhaps the space for a pullback will increase. If the daily line moves higher, the end point for the year should be at 110,000; if it doesn't go well, it could be 109,000. Let's first 👀 see if the 1-hour hits the previous high, and if it hasn't broken through the previous high, it's a new beginning. Currently, this market can only be analyzed this way. Referring to the daily OBV, it is expected that a bull market will complete at around -3M to -3.5M. Now it is only around -4.5, so there is no talk of the end of a bull market. Similarly, we should not determine the end of the bull market ourselves; the real peak will only appear when it meets the expectations of large institutional investors. At least what you hear now is all good news. If a large institution is really preparing to dump, then continuously pushing up and following the large institution to short would be called smart money. At this stage, all short positions can only be short-term operations. If the points I mentioned above appear, you can try to layout, and if it hasn't reached, wait and see.
Why is Ethereum rising so slowly? I forgot to mention it during tonight's live broadcast. Firstly, it’s a market issue; the supply of Ethereum is too large and the available selling supply is also considerable, leading to significant selling pressure and insufficient confidence. Even if institutions buy every day, large holders are still selling daily; this is a very realistic problem for the foundation.
During the evening live broadcast, I suggested entering around 3910 at the 15-minute level when it approaches the middle track for a spike; just right, we caught the entry opportunity at 387. Currently, this bottom entry looks quite good. It cannot just stay sideways for a few days, so this long position can challenge the previous high around 4100. If it makes another bullish candle on the 1-hour, we can exit half. It should be around 396.
Sol is currently in a state of indecision, so it can be avoided.
Tonight I mentioned entering around cow84, which is a good position, and you can casually take 10 points. There will be a picture posted later 😹. Tonight I made up for the missed live broadcasts of ape and hbar.