Brothers, it's regrettable; The peak of the big pancake in 2024 is fixed at 108,366, it can’t go up anymore. Now it’s not a retracement 👎, it’s a certain correction. There won’t be any previous highs before the end of the year. Accept the market adjustment; every December during Christmas is a period of adjustment, and I’ve always been thinking of ways to avoid it. I originally wanted to catch a quick stretch after the interest rate cut landed, but last night Powell came out and talked a lot, causing panic in the market which led to adjustments. Indeed, adjustments are needed; after all, from breaking the previous high of 73,000 to pulling up to 88,000 on November 11, and then to the highest of 108,350 on December 17, we saw a rise of 10,000 dollars over a period of 35 days, which has now ended. In the short term, don’t bottom-fish, don’t bottom-fish, don’t bottom-fish. For those who bought earlier, the maximum retracement is 10% stop-loss. Reduce your position by half, then take a good rest for a few days. Corrections are not scary; what’s scary is a gradual decline. After a gradual decline, there will definitely be a spike. Don’t buy unless there’s a spike to recover the chips. At least wait for 3 or more 4-hour spikes to consider bottom-fishing, limited to buying physical goods. Brothers in contracts, just hold your hands this month, don’t rush to bottom-fish, or it’s okay to turn bearish as well.
Brothers, I still quite like this coin LTC, because although old coins do not have as large a price increase as new coins when they come up, institutional funds are more inclined to inject and arrange during the bull market. LTC reached a maximum of 147 dollars at the beginning of January and then began to adjust and consolidate; it has now been consolidating for 1 month. Currently, it has reclaimed and stood above the 100 dollar mark. At this moment, the market is in the adjustment phase, but it is still worth paying close attention to. Recently, Grayscale has also increased its holdings by 45,000 coins, so those who, like me, prefer stability can consider arranging alongside the institutions. Among the old coins, it still has a chance to develop an independent market trend.
Brothers, you have been asking about SOL, let's talk about it today. Currently, the trend of SOL is not very good; the weekly MACD has already crossed bearish. The 5, 3, 2, and 1-day trends are all in a bearish crossover. The 2-day fast line has already dropped below the zero axis, and the slow line will gradually follow. Overall, it is a weak phase, with several rebounds failing to break through $200. For short-term trading, you can consider making moves in the $180-$200 range. For friends looking at mid to long-term positions, the upcoming adjustments may require a longer consolidation phase. We must break through $200 to start the next major trend.
Today's Early Market Analysis; Brothers, the big pie rebounded last night to fill the gap of 95700—96300, which was also the key area I reminded everyone to buy the dip and take profits during the live broadcast the night before and yesterday morning. I have been reminding everyone to sell during the rebound; however, the rebound is not a reversal. I believe those who followed along have made a nice profit. We are now back in the 93500 range, and we need to pay close attention to this level. There is also a risk of continuing to drop below this level. Although it can be stabilized for now, today all global financial markets are closed, including tonight's U.S. stock market, so liquidity will decrease. We should expect mostly small fluctuations and slight rebounds. The big pie's rebound may reach a maximum of 94700-95300, or it may not even reach that level. There is a high possibility that it might be a trap to lure in buyers, making you think a bottom has appeared, raising the bottom, and deceiving you into going all in. Therefore, everyone trading rebound positions must strictly control their positions. The time point in January this week is very critical because next week on the 8th and 10th various data will be released. Historically, there have been significant fluctuations before the release of market data at the beginning of each month. So, for you brothers and sisters trading rebound positions this week, please keep your positions small and control your risk of drawdown, while keeping the main positions ready to wait for the dip to take in goods.
The New Year's holiday market closure arrangements are as follows: Hong Kong stocks, Hong Kong Stock Connect (southbound): Closed in the afternoon on December 31 (Tuesday), closed on January 1 (Wednesday); A-shares, A-share Connect (northbound): Closed on January 1 (Wednesday); Taiwan stocks: Closed on January 1 (Wednesday); US stocks: Closed on January 1 (Wednesday), US night market closed from 09:00 to 17:00 (Beijing time) on January 1; Singapore stocks: Closed in the afternoon on December 31 (Tuesday), closed on January 1 (Wednesday); Japanese stocks: Closed from December 31 (Tuesday) to January 3 (Friday); South Korean stocks: Closed from December 31 (Tuesday) to January 1 (Wednesday); Australian stocks: Closed early at 11:10 AM Beijing time on December 31 (Tuesday), closed on January 1 (Wednesday); German stock market: Closed from December 31 (Tuesday) to January 1 (Wednesday); Italian stock market: Closed from December 31 (Tuesday) to January 1 (Wednesday); Spanish stock market: Closed early at 21:00 Beijing time on December 31 (Tuesday), closed on January 1 (Wednesday); UK stock market: Closed early at 20:30 Beijing time on December 31 (Tuesday), closed on January 1 (Wednesday); French stock market: Half-day trading on December 31 (Tuesday), closed on January 1 (Wednesday).
Brothers, Bitcoin has arrived within the predicted range. I set a take-profit on my long orders in advance and forgot to withdraw them. I still have 3 orders on hand. I will continue to hold ETH for now, and it has not yet reached the target range of 3470-3530. The LDO lever has just been opened, and I have also opened a profit-taking round before, and now I am on the train again. Ethereum still has room for rebound. I suggest that you don’t go short for the time being. Although the market has pulled back to around 96,000, it is just a rebound, not a reversal. Don’t chase long orders without a bottom, and you can take profit and get off if you have multiple orders on the train. The residual heat of the rebound should continue. Bitcoin is in place, and other altcoins will also move. Tomorrow’s close is expected to close with a monthly positive line. This is why I called on everyone to buy the bottom in the live broadcast last night, including giving everyone the target range in the live broadcast this morning. Strictly follow the strategy, and it will be 2025 in 2 hours. I wish you all a happy new year in advance.
Brothers and sisters say goodbye to 2024 and welcome 2025 together. I wish 🙏 those who follow and like my posts in 2025 will make money on everything they buy, buy in bulk, become wealthy, and achieve financial freedom.
Brothers, are you guys following along in the car? Tonight is New Year's Eve and the Wall Street tycoons are back from holiday. Are you guys going out to eat, drink and have fun, or are you watching the market and making trades?
Brothers, without further ado, I have entered a long position in Bitcoin again. I averaged in at 92800 last night, and when I woke up at 3 AM, I saw 94500, and a large portion of my remaining cost was cleared. Now I'm continuing to enter the market, placing orders to add positions at the lower level of 91688.
My brothers slept for two hours and got up to go to the bathroom. I didn’t expect that the US stock market would rebound before the closing. Except for Ethereum, I reduced my positions in BTC, LDO, and ADA by half. The remaining positions, BTC and LDO, have been set to break even. ADA still has a little floating loss, so I also reduced my position by half. I will try to hold the remaining positions. I will continue to hold ETH, there should be momentum. I will continue to sleep.
Brothers, today's review summary; Brothers, today, the dog dealer followed my blueprint plan. The pin broke the early low of 92232 and hit the lowest point of 91530 US dollars. Next, it depends on whether the big cake can be stabilized in the 91500-93500 range. This range is also the important range I have always reminded. Even if it cannot be stabilized, a slight rebound can also allow everyone to safely get off the orders near 93000. Therefore, those who seek stability and enter the market at 93000 will get off first when the rebound is close to the cost price. If you want to make a profit, the upper rebound range is 94500-95500, and the limit is 96500. Ethereum just entered the market in the 3310-3340 range in the live broadcast room. The rebound is still relatively easy. It depends on whether it can go out of the independent market and rebound again above the 3400-3450 range. If it reaches here, it can be used as the first target position to leave. If ADA rebounds on the car and pulls back to the cost price, you can exit first. If you have a good retracement, you can retrace and stop loss in time. Don't let one order affect your mentality of making orders. At present, I have 3 orders of BTC, ETH, and ADA, so I am still looking forward to whether the New Year's Day market can create historical data again. Even if the market cannot stabilize and continues to drop to 90,000, if all stop losses are taken, the retracement will not exceed 10% of the position, and the risk control is still relatively safe.
Brothers, without further ado, I have bought into LDO, opened a few hundred dollars, and operated position by position with 10x leverage, with automatic retracement.
The Bitcoin Trends on New Year's Day in the Last 3 Years:
- 2024: On New Year's Day, the Bitcoin price briefly exceeded $45,000, with a market capitalization of over $836 billion and a trading volume of up to $22 billion, an increase of more than 5% compared to the previous day, and a price surge of over 171% compared to the same period in 2023.
- 2023: From January 1 to January 29, Bitcoin's overall trend was upward, soaring from the $16,000 range to the $23,000 range, with an overall increase of nearly 40%. It broke the $20,000 mark on January 14 and reached $23,539.79 on January 20, marking the highest trading price since August 2022.
- 2022: On New Year's Day 2022, the Bitcoin price fluctuated like a roller coaster, breaking the $45,000 mark three times, but also experiencing moments as low as $36,000.
Brothers, the big cake did not dive deeply last night and did not cause any big waves. The lowest point reached 92961.8, which basically reached my first target. The long order at 92888 was not received, which was a difference of 73 US dollars. I had already entered the market near 93280 in the morning, which is also within the strategy range. For Bitcoin, a difference of only 2-300 US dollars is not a big deal. At present, the big cake 4-hour pattern has 3 needles probing the bottom. The 93000 range has been explored several times in a row. If it does not fall below, the monthly line will close soon. As long as the price on the 1st can close above 96500, it can close with a positive line in front of the monthly line. It depends on whether the dog dealer will do such a sexy operation. As for the technical pattern, there is a rebound demand. It depends on the strength of the rebound and whether the opening of the U.S. stock market tonight will lead to a rebound or continue to fall. If there is a long order for the rebound, the retracement must be taken well. The stop loss can be set near the previous low. Bitcoin's 2-3% retracement is currently difficult to sweep the loss unless there is a big negative wash-out pin.