After the short-term adjustment of Bitcoin, it will definitely continue to challenge the 100,000 mark, and it will surely create a new historical high. Many people see Bitcoin drop by over 8,000 points and are guessing that the bull market has ended. Based on Bitcoin's current price base, a pullback of 10,000 points is only about 10%. This is equivalent to Bitcoin dropping from 20,000 to 18,000; it's just that the price base is higher, so the same percentage drop results in more points.
Brothers, the market for big pancakes these days is really as fickle as the weather in June, unpredictable. It's hard to gauge its pulse, I suggest friends who are in a pit take a moment to observe! #比特币关键区间 #ETH市场新动向 #比特币盘整分析 #BTC☀ #ETH🔥🔥🔥🔥
Brothers, the bull market is still on, has anyone been shaken out? Several big red bars are consistently climbing up!
Hold on, the long positions are still in place, it seems it's not over yet!
It is expected to return to 95000 or even 96000 today! The market is fluctuating greatly, so keep a steady mindset! This wave needs to stand up! #ETH市场新动向 #比特币关键区间 #比特币走势分析 #BTC☀ #ETH🔥🔥🔥🔥
Tuesday evening, the wind direction of Bitcoin has changed, heading straight for 90,000!
Yesterday, the analysis from the day before was beyond my expectations; the anticipated 100,000 never arrived and instead, we are continuously breaking through the lower limits. The information was not updated in time, and I must admit my mistakes; I must stand firm when facing criticism! Here, I apologize to all my supportive fans and friends!
Back to the main topic, up until now, the Bitcoin market has broken the trend of high volatility, and the wind direction has changed. From the four-hour chart, the K-line shows a continuous downward trend. I have always emphasized that one must act in accordance with the market trends; going against the wind will make it extremely difficult! Currently, Bitcoin is slowly declining while seeking new resistance points! Today, it is expected to continuously test the lower levels until a new support point is found! Ethereum is also affected and shows a downward trend!
【Whale Earns $68 Million Profit on PEPE Starts Collecting New Altcoins!】
Recently, a well-known PEPE whale has attracted attention in the market. According to a report by Spot on Chain, this whale sold 7.407 billion Pepe Coins for $1.53 million (448.1 ETH) and then sold another 13.02 billion PEPE for $2.71 million (891 ETH) within three days, accumulating a profit of $68.3 million, with a return on investment as high as 12.6 times.
Despite the large-scale sell-off causing market tension, this whale still holds 3.241 billion PEPE. Meanwhile, he has shifted some funds to the emerging altcoin EigenLaye (EIGEN), purchasing 217,348 EIGEN for 181.3 ETH over the past two days, currently holding 1.608 million EIGEN valued at $4.31 million, with a return of about 11%.
In terms of market performance, PEPE has decreased by 1.7% in the past 24 hours, while EIGEN has risen by 5.9%, currently trading at $3.02. The actions of this whale continue to attract significant attention from investors. #ETH市场新动向 #比特币关键区间 #NOT市场动态 #ETH🔥🔥🔥🔥 #BTC☀
Let's take stock of the 10 major positive expectations in the cryptocurrency market before Trump's inauguration in January next year:
1. Appointment of pro-cryptocurrency chairs for the SEC, CFTC, and OCC; 2. Establishment of a cryptocurrency committee under the White House Economic Council; 3. Microsoft's shareholder meeting on December 10 to discuss investment in Bitcoin, with the results of the shareholder vote; 4. Public hearings on the Bitcoin Strategic Reserve Bill already submitted to the U.S. Congress; 5. X launches payment system; 6. The first press conference of the DOGE department led by Musk; 7. More cryptocurrency ETFs including DOGE ETF submitted to the SEC; 8. Major traditional banks in the U.S. accepting Bitcoin as collateral for dollar loans; 9. "Santa Claus Rally" 10. Bitcoin breaks the $100,000 mark
【U.S. Stock Market's Three Major Indices Open Higher, AMD Rises Over 8%】The three major U.S. stock indices opened higher, with the Dow Jones up 0.6%, the S&P 500 up 0.58%, and the Nasdaq up 0.72%. AMD rose over 8%, with the stock having gained over 78% last week, marking the largest weekly gain since the company's IPO in the U.S. Tesla rose more than 2%, as the company has reached a "conditional" settlement regarding the lawsuit accusing Rivian of poaching employees to steal electric vehicle trade secrets. Intel rose nearly 2%, as the company claims the U.S. Department of Commerce is about to issue nearly $8 billion in chip subsidies.
Trump is back again with his usual style. Recently, he declared on Twitter that on the first day of entering the White House in January next year, he will impose a 25% tariff on all goods from Mexico and Canada, and an additional 10% tariff on Chinese goods. Previously, the market was significantly affected, with trading activity dropping and many funds withdrawing. However, now the negative effects are nearing an end, and signs of recovery are expected to appear.
Currently, there are many points of interest in the market:
First, the trading volume has significantly decreased, with a total transaction amount of only 1.33 trillion yuan. Since the market started rising at the end of September, the average daily transaction amount of A-shares was 1.98 trillion yuan. In comparison, the cooling trend of the market is evident.
Second, high-priced stocks collectively “suffered losses,” with Dongfang Precision Engineering showing a “limit-down” situation, over a hundred stocks fell more than 9%. However, the market's ups and downs remain prominent, with still hundreds of stocks reaching the daily limit up, truly a case of some rejoicing while others worry.
Third, new stocks and newly listed stocks reignite the “battle.” Today's new stock N Hong Sifang (a truly likable name) performed brilliantly, triggering trading halts twice during the day, with the highest price reaching 188 yuan, an increase of over 2256%, setting a record for the first-day increase this year, with a total transaction amount of 3.096 billion yuan, ranking 36th in the market. In the absence of new themes and hotspots, the influx of funds into new stocks is understandable, but the risk of following the trend is high, so caution is needed.
In every market cycle, there is always a “leader” guiding the trend, and this round is no exception. Previously, Changshan Zhao Zilong and Shuangcheng took the lead, driving market sentiment, while Guangdong and Guangxi boosted the excitement of the solid-state battery sector. Tomorrow, a reorganization seminar will be held in Beijing, and whether the reorganization sector can take this opportunity to rise is worth paying attention to. After all, after this round of high-priced stocks' significant decline, the market may be reset and restructured.
Today, the total transaction was 1.33 trillion yuan, with a median drop of 1% in individual stocks. Based on the current trading volume, it is highly likely to maintain a fluctuating pattern. Next, we still need to patiently wait for favorable policies to seize the next opportunity. #比特币关键区间 #ETH市场新动向 #美国4月CPI数据回落 #BTC☀
#Yesterday, the Bitcoin market experienced a moderate adjustment, and as of now, the price has hit a low near 92300, raising concerns among some investors about a significant market decline that could end the current bull market.
In fact, such small-level pullbacks are the norm in market operations, and there is no need for excessive panic. Currently, the level of adjustment for Bitcoin has expanded, with the key support level at 92000, which has been discussed previously. Moving forward, the market trend will depend on whether it can rely on this support level for consolidation or if it will directly break below it.
Overall, the broader market trend remains positive, with many favorable factors. The inflow of funds into Bitcoin ETFs continues, and the current interest rate cut cycle has not yet ended; for example, another rate cut is expected on the 18th of next month.
The path of the bull market is like climbing steep mountains; it cannot be smooth sailing. Although the ultimate goal is ambitious, there will inevitably be twists and turns along the way.
Ethereum has shown strong upward momentum, and even if the Bitcoin price breaks below the 92000 support level, the 90000 threshold still has strong support. The pullback of Ethereum is relatively limited, creating a good relay effect with Bitcoin, jointly pushing this round of the bull market forward steadily. #比特币关键区间 #ETH市场新动向 #BTC☀ #ETH🔥🔥🔥🔥
Congratulations to the new friends who have joined, daily returns with profits! At the same time, congratulations to the old fans for earning another profit! Is it good to follow Chen Bing? You'll know by just watching; saying more is meaningless, let the facts speak for themselves! In this market, making profits is truly easy, it just depends on whether you are following the right person!
First order: Short ETH, made 30 points, entry at $7839!
Second order: Long ETH, made 140 points, entry at $41331!
Third order: Short BTC, made 3000 points, entry at $44595!
For short-term trading and swing trading, look to Chen Bing; let's seize this big bull market together!
On November 22, Musk's 'attack' on Microsoft not only caused a stir in the tech circle but also left many people in disbelief. He accused Microsoft's 'iron buddy' OpenAI of market monopolization, which is simply a massive earthquake in the tech world!
It is said that Musk has invested heavily this time, submitting a lawsuit document that is a full 107 pages long, more than 20 pages longer than the previous version, filled with his emphasis and determination regarding this case. Moreover, he is not content with just suing OpenAI; he has also dragged Microsoft and the Attorney General of California into it, which is quite a spectacle.
This lawsuit not only showcases Musk's persistent pursuit of market competition but also allows us to feel the intensity and cruelty of competition in the tech industry.
Personal opinion: Although the grievances between Musk and OpenAI are difficult for outsiders to judge, this lawsuit undoubtedly serves as a wake-up call for the entire tech industry. In the pursuit of innovation and development, we must also respect market rules and competition principles; only in this way can the tech industry develop in a healthier and more sustainable manner. I continue to have high hopes for Musk's concept of the Martian dog Marvin (7055) community, which is consistently being built, has strong consensus, and has been doing stray dog rescue and other public welfare aid both domestically and internationally. It is a loving community worth paying attention to!
Tuesday early morning, Bitcoin, Auntie's market strategy analysis!
Yesterday, the Bitcoin market quickly surged, reaching a high of 98,871 points, just one step away from 99,000, with a low of 94,480 points, breaking below the 95,000 resistance level! Did the rapid rise in the market attract a lot of long positions? And then it exploded directly! In this market, short-term trading is simply about buying on dips and selling on highs!
Looking back at the market, you can clearly see that the K-line shows an upward trend, so what Chen Bing is trying to prove is that there are people or capital trying to create panic among bulls! At this time, everyone must remain calm and not be easily shaken out, missing this bull market, and who knows when the next one will be!
BTC short-term trading advice: Buy around 94,500 Target 98,000-99,000
ETH short-term trading advice: Buy around 3,450-3,470 Target 3,550-3,600
On November 23 local time, U.S. President-elect Trump announced the nomination of Brooke Rollins as Secretary of Agriculture. With this, all cabinet minister candidates for Trump's new administration have been determined. In addition to the 15 cabinet ministers, Trump has also nominated several high-level officials in the past nearly three weeks.
· Who are the members of the U.S. government cabinet? The U.S. government cabinet consists of the President, Vice President, department heads, and other members designated by the President.
Taking the Biden administration as an example, the cabinet has a total of 26 positions, which include the Vice President and 15 cabinet ministers, as well as the Administrator of the Environmental Protection Agency, the Director of National Intelligence, the Trade Representative, the Permanent Representative to the United Nations, the Chair of the Council of Economic Advisers, the Administrator of the Small Business Administration, the Director of the Office of Management and Budget, the President's Science Advisor and Director of the Office of Science and Technology Policy, the Director of the Central Intelligence Agency, and the Chief of Staff to the President. It is currently unclear how many positions the new Trump administration's cabinet will establish.
· Has Trump nominated all key positions?
Among the multiple key positions in the U.S. government, there are currently only 4 that have yet to be confirmed: the U.S. Trade Representative, the Chair of the Council of Economic Advisers, the Administrator of the Small Business Administration, and the President's Science Advisor and Director of the Office of Science and Technology Policy. Notably, the position of U.S. Trade Representative is of particular interest. When Trump nominated Lutnick as Secretary of Commerce, he announced that this person would directly oversee the work of the U.S. Trade Representative's Office, but it is currently unclear whether Lutnick will also serve as the U.S. Trade Representative.
Do the nominees put forth by Trump automatically take office?
The U.S. Constitution stipulates that the President's appointments of major officials, ambassadors, and other high-ranking officials require Senate approval to be completed. The cabinet ministers and cabinet-level officials nominated by Trump need to obtain Senate approval. However, there are exceptions to this provision of the Constitution; if a vacancy occurs during the Senate recess, the President can unilaterally appoint someone without waiting for the Senate's opinion and consent. Some key positions in Trump's administration also do not require Senate approval, such as Elon Musk leading the "Department of Government Efficiency" and Vivek Ramaswamy.
In the last couple of days, I don't know if you've noticed, but the ones with significant increase are some doomsday vehicles, which are not really recognized by the market, like ADA, XRP, DOT, SAND, and so on. These trends are worth referencing; this is a typical performance of a bull market, reflecting sector rotation, and it also represents the altcoin season. Bitcoin is currently in a strong trend above the weekly level; even at the daily level, there is no downward trend, so there's no need to think it will face a waterfall washout. It may experience a volatile adjustment, injecting new energy into other cryptocurrencies. Just keep an eye on whether this MA60 position at 94000 will be broken or not.
Ethereum has not disappointed us, just successfully broke through 3500, refreshing the high point of 3529, and the long position from the low of 3030 has gained 490 points!
Precise investment, captured 2000 points, cashing out 39600 dollars. Congratulations to this fan friend, following Chen Bing's lead, the principal has multiplied several times, directly securing the down payment for a house! Congratulations 🎉🎉🎉
Many times in life, it's because of the choices we make that we have opportunities; it's because we believe that there are possibilities! Believe in Chen Bing, and it will give you infinite possibilities! #ETH市场新动向 #BTC创历史最大月度涨幅 #比特币突破10万? #BTC☀ #ETH🔥🔥🔥🔥
Monday, late trading, big cake, Auntie strategy analysis!
Today, the big cake bulls are unstoppable, with a high of 98871 points and a low of 95734 points, pulling more than 3,000 points all the way, basically smoothing out the weekend callback space, so don't panic about the short-term callback, let the bullet fly for a while!
Similarly, the big cake heat is still there. From the 4-hour chart, the big cake's accumulation of power has ended, waiting for it to explode in the evening, let's wait and see!
Evening: BTC short-term near 98000 long target 100000-110000
Uncovering the Expansion of $DOGE : 5 billion new coins every year, why can everyone accept it? Dogecoin, the issuance mechanism of this thing is really unique, and it can even be related to GPT!
Did you know? Dogecoin is issued every minute, 10,000 at a time, which means 5 billion new coins a year. According to the current price, this can increase the market value of Dogecoin by 200 million every year, an increase of about 3%. Although this increase is not large, everyone seems to be able to accept it. After all, Bitcoin is getting tighter and tighter, while Dogecoin is getting more and more inflated. Each has its own way of playing!
Some people are curious: Are these 5 billion new coins issued every day or all at once?
ChatGPT gave the answer: The issuance of Dogecoin is rewarded every day through the blockchain, not all at once. Every minute, a new block is generated on the blockchain, which contains 10,000 Dogecoins. In this way, 14.4 million new coins are added in one day, and 5.256 billion coins are added in one year. This mechanism is well designed, ensuring that 5 billion Dogecoins are added every year.
Let's talk about the current situation of Dogecoin: In 2024, the market value of Dogecoin has reached about 66 billion US dollars, and there are 147 billion Dogecoins in circulation. The market value is the current price multiplied by the number of Dogecoins in circulation. And this number of Dogecoins in circulation is increasing every year, because Dogecoin has no upper limit, and 5 billion new coins are added every year.
Looking forward to the next ten years, the strategy of Dogecoin's issuance will remain unchanged, with 5 billion new coins every year. In this way, in ten years, it will be 50 billion new coins. By 2033, although the proportion of new Dogecoins in the total amount will become smaller and the inflation rate will decrease, the rewards for miners will still be sufficient, and the network will remain stable.
The expansion of Dogecoin is actually its design feature. Unlike Bitcoin, Dogecoin has no upper limit, and 5 billion new coins are added every year. In this way, miners can get rewards, the network can remain secure, and transactions can proceed smoothly without becoming scarce due to fixed supply.
Thank you very much to my fans who have always supported me. Finding me is a sign of your trust and recognition of me. Chen Bing will never let you down! In this great era, Chen Bing will stand with you!