December 18th Auntie Bitcoin Silk Road Operation Reference
The rapid decline in the morning session is not a bad thing for us who are optimistic about the upward trend. The price of Bitcoin has already reached a maximum of 108300, so breaking through the price near the bottom of 11 does not seem far away from us.
This morning, after Bitcoin dropped to around 103555, a clear bearish formation emerged, indicating that the market's pullback is mainly a washout action by the big players. Next, the bulls will begin to gather strength.
The daily closing formed a Doji candlestick, showing the market is in a state of consolidation. The daytime continues to pull back, but it is likely to break key support. The four-hour chart shows that after yesterday's attempt to reach a new high, the price of Bitcoin pulled back to near the middle track and halted its decline, indicating that the strong upward trend has not changed, and there is hope for victory in the upward trend in the short term. The middle track can be used as short-term support for layout.
Daytime operation suggestions:
Bitcoin: Current price around 103600, can lay out long positions at this level, with a stop loss at 102800 and a target price of 104800.
Auntie: Operating range around 3815, with the stop loss set at 3775 and a target price of 3865.
1. Since the big drop and liquidation on December 9, I haven't taken large positions again. I sold SOL at 260, did some swing trading, and continued selling at 238. I liquidated ETH around 4000, and currently I am basically in a cash position.
2. The volatile market is expected to have the next trend only in January. Just like a car needs distance to brake, a consolidation pullback won't drop directly but will gradually oscillate upwards until it reaches a peak before falling.
3. Easy money was made during the market from October to November; trending markets are suitable for taking heavy positions. If you made several times your investment from October to November, you can't expect to make money in December, after all, you are not a trading god.
4. Some money cannot be earned; if you want their money, they might want your life. 90% of altcoins - 30% are still stagnant at the bottom. Reflect on why you got trapped by these altcoins.
5. Not participating in the December market does not mean missing out. The real missed opportunity is the chance to enter in October to November; not being able to buy or hold is what counts as missing out.
Ethereum has experienced a liquidity raid at the previous high of 4087 The key short-term support below is at 3828-3860
Maintaining a fluctuation above 3860 is strong, and it will test 4000 again Breaking below 3860 to fluctuate downwards is weak, and it will seek support at the daily level
Do you think that the coins that are launched will definitely fall, and then you can make money by shorting? From a God's perspective, the market does have a large-scale decline, but in the process of decline, there will often be rebounds, or even pin-shaped fluctuations, which may cause losses to both long and short parties.
Take PENGU as an example. If you short at this position, even if you use five times leverage, it is very likely to blow up. Because during the decline, a rebound of more than 50% may occur at any time, and such fluctuations may completely cause short orders to be liquidated. For BAN, especially after the launch of BN and Yue, it is difficult for both long and short parties in the market to really make money. Many investors were slapped in the face by large fluctuations and eventually faced losses.
Dogecoin (DOGE) Price Consolidation Awaiting Launch: Volume, Resistance, and Indicators Align, Is Another Break Imminent?
As the price of Dogecoin (DOGE) approaches a key resistance level, market analysts predict that the price is likely to break through the current bottleneck and usher in a strong bullish trend. Based on technical indicators and market dynamics, Dogecoin is preparing for a potential rise, with the following key factors supporting this view: Key Resistance Levels and Technical Analysis The current price of Dogecoin is close to the important resistance level of $0.408, which has historically been an obstacle for Dogecoin's rise. If this level is broken, it may trigger a strong upward trend and push the price towards $0.42 or even higher target levels.
The rainbow chart clearly shows that the peaks of each bull market are gradually declining, and the peak of this bull market is expected to be between 135,000 and 160,000.
The current historical high for Bitcoin is 107,793. Recently, Bitcoin has begun to absorb liquidity from the market again, driving the price up.
At this stage, the overall market trend is to wait for Bitcoin to stabilize its price before experiencing fluctuations, and the net inflow of Ethereum's ETF needs to increase again to stop the selling pressure and push Ethereum to break new highs. Once Ethereum warms up and hits new highs, the season for altcoins will return.
Have you gotten into eth? You're only in your teens or twenties Why mess with eth of all things? Don't you know what kind of people play with eth? Old Zhang next door is neither human nor ghost every day He stays home 364 days a year Every time it gets quiet at night, he starts shouting that something big is coming, something big is coming Crying and laughing He's not even going to class anymore All day long he's either looking at tweets Or acting as a parrot in the token group What a mess it's become
The Air Force truly never submits; even with such a strong market, so many people still choose to short.
According to data, the percentage of people shorting on Binance is as high as 60.7%. Going against the market trend in a bull market will ultimately lead to a dead end.
In the medium to long term, we remain optimistic about Bitcoin's trend, but this does not mean that there won't be severe short-term fluctuations before a breakout. The market may experience short-term liquidations and pullbacks.
Leverage Caution: In such a volatile market environment, it is essential to be extra cautious when using leverage, manage risks properly, and avoid unnecessary losses due to short-term pullbacks.
In addition to focusing on some token unlock situations, the most noteworthy event is the Federal Reserve's interest rate decision on Thursday. This is the third interest rate cut this year, scheduled to be announced at 3 AM on the 19th. Whether there is a rate cut will have both positive and negative effects on the market.
Positive factors:
Increased capital liquidity: A rate cut helps to enhance the liquidity of market funds, providing support for the cryptocurrency market.
Dollar depreciation: The depreciation of the dollar may drive capital into the cryptocurrency space, benefiting crypto assets.
Increased demand for safe-haven assets: As economic uncertainty rises, cryptocurrencies may become a choice for safe-haven assets, further promoting the development of the crypto space.
Negative factors:
Increased market volatility: A rate cut often accompanies severe market fluctuations, increasing risk.
Policy uncertainty: Changes in policy may bring more regulatory pressure, further exacerbating market uncertainty.
Inflation pressure: A rate cut may exacerbate inflation, which in turn could impact the cryptocurrency space, particularly on the purchasing power of certain assets.
Therefore, the Federal Reserve's decision may trigger short-term volatility, and investors need to pay close attention.
After a significant surge, $PIN has finally given us the opportunity to enter. Its first retracement of over 50% is usually an excellent time to start gradually building new on-chain positions.
$PIN is one of my biggest bets on AI/RWA as I move towards 2025.
Dogecoin (DOGE) Aiming for $0.50? The Battle for Breakthrough is Imminent!
Dogecoin (DOGE) is currently forming a double bottom pattern on the price chart, suggesting a possible strong rebound. However, technical indicators and liquidation levels indicate that the price may oscillate between $0.35 and $0.45 in the short term, providing strength to bulls and driving rebounds in the coming weeks. Key support and resistance areas According to Fibonacci retracement and extension levels, the key support for Dogecoin is between $0.36 and $0.38, which is also the current local demand zone. Support below is at $0.272 and $0.215, but given the current market conditions, DOGE is unlikely to drop below these levels in the short term.
Major Events in the Crypto World! You Can't Miss This Moment!
The Christmas bells are approaching, seize the investment opportunity!
As Christmas draws nearer, from December 10 to 15, many Western investors may choose to take profits and use the funds for holiday expenses. Therefore, we are likely to experience a 2-3 week market adjustment period.
With the Spring Festival approaching, seize the last investment opportunity!
Once the adjustment period ends, we will usher in the most important holiday in the country—the Spring Festival (from January 20 to January 30), which may be your last entry opportunity. Take this moment to prepare for the upcoming market.
In 2-3 months, the blockchain market will welcome a bull market!
In the next 2-3 months, the blockchain market is likely to experience a strong bull market. Various altcoins will rise in turn, with meme and hot projects emerging one after another; this is a period full of opportunities.
By the end of March, it is advisable to temporarily withdraw and observe!
However, by the end of March, I suggest everyone temporarily exit the market and maintain a wait-and-see attitude. Because April to May of each year is often a market adjustment period, and sometimes this adjustment can last for 6-8 months.
In the next 3-4 months, investment window period!
So, the next 3 to 4 months will be an excellent investment window period. When encountering a low point, do not hesitate, decisively take action to seize the opportunity and let your wealth grow!
In this unpredictable market, maintaining keen insight and calm judgment is crucial. Let’s embrace this period full of opportunities together and make our investment journey smoother.
Based on the current analysis, if we look at the trend of the SOL/BTC exchange rate decline, the following strategies can be adopted:
Go long on BTC, go short on SOL, and profit from the difference earned from the declining exchange rate. Focus on going long on BTC and its strongly correlated currencies, while abandoning the SOL ecosystem and its related assets.
This is also why I liquidated my SOL holdings a few days ago and turned to buying BTC spot. Currently, my strategy is to completely shift my long-term spot position to BTC, and I no longer hold other currencies.
Brother Sun's three treasures present the hammer (T) shape, a bullish reversal pattern, with a high probability of starting to rise the next day, and today is the second day.
The second opportunity to get on board has arrived! Perhaps you have money to buy every day, but the lowest point after a surge is not available every time.
The strong surge of SUI has indeed benefited the entire ecosystem, especially projects like AAVE and SEND. DeFi functionalities on the SUI chain, such as lending and liquid staking, are gradually attracting more attention.
Although SUI's price has risen significantly now, targets like AAVE and SEND, as important projects within the ecosystem, still have the potential to continue benefiting from the growth of the SUI chain.
For those who find it difficult to chase the high price of SUI in the short term, it may be worth considering other potential coins within its ecosystem, especially opportunities for catch-up after SUI's surge. Blue-chip projects and those with strong institutional backing often strengthen gradually with the increase in on-chain activity. Other value coins in the SUI ecosystem that have not yet been fully explored may become the main force in the next wave of increases.
Santiment's Major Revelation: Dogecoin and XRP Hide 'Forgotten' Bullish Signals, Ready for a Comeback?
On-chain analysis firm Santiment reveals that Dogecoin and XRP are releasing bullish signals in a often-overlooked metric - average dollar investment age. This indicator tracks the average duration that holders have invested each dollar into cryptocurrency, similar to measuring the average coin age in circulation supply. Average Coin Age determines the last movement time of each coin on the network using on-chain data, and calculates the average supply, while the average dollar investment age uses the same data but converts the coins into dollar value based on the price at the last movement.