There will be relatively important CPI data released this evening. Based on current market expectations, the CPI may rise slightly. If the data does not deviate much from expectations, it is unlikely to interfere with the recent pace of interest rate cuts. As long as the CPI does not rise significantly this evening, a rate cut can basically be confirmed, and there is a high possibility that gold prices will continue to rebound, with the potential to challenge 99800.
If the CPI unexpectedly drops, there may be a direct opportunity to chase long positions and see the 101000 level this evening. The first wave of long positions around 95500 has already taken profits at 97100. During the afternoon session, a drop to 97000 can still be considered for another long position. Did everyone keep up?
Morning short positions have exited! Currently, the Bitcoin price has lifted from the lows and is caught in a fluctuating upward trend. It is expected that there will be a wave of accelerated volume before any pullback occurs. The price is now close to the strong resistance level of 98000, and there is a high probability of breaking through in the evening session. Overall, short positions can continue to be added at 97000/3650 with light holdings targeting a breakthrough at 98000 and 99800/3850!
The Bitcoin has currently tested the four-hour 60-day moving average resistance at 98,000 multiple times, building momentum for an upward attack. It is also a critical point for the main force to induce a short position. The gains and losses here are quite important; as long as it cannot effectively break through and stay above, it will remain in a downward adjustment in the short term. Based on the market cycle, the probability of an upward breakthrough in the evening session is high. We also provided a target of 973,000. The current price is 98,000, and it can continue to hold for a target of 99,800-100,500. The aunt can enter the market simultaneously!
The past 24 hours have seen the largest long liquidation in this bull market cycle so far. Currently, market sentiment is cautious, with both bulls and bears engaged in fierce competition within a key range. The bulls still have the desire to push higher, but are being hindered by resistance, while the bears' downward space is gradually narrowing, leading to a market volatility that is becoming more oscillatory. At this stage, Bitcoin resembles a buildup of energy, waiting for a directional choice. In the short term, attention needs to be paid to the strength of the support below and the breakthrough of the resistance above. Today's short-term BTC at 94800, position 2, with a defense at 94150. Short-term ETH at 3500, position 2, with a defense at 3450. The contracts have always reminded to maintain defense! Everyone must avoid having a mindset of taking chances!
With the needle so low in the early morning, as everyone chases the empty today, market bearish sentiment is high. Today is likely to see a rebound back to 100500/3980, and the altcoins will also rebound significantly, so today is a buy. Both sol and xrp can be bought long.
Regardless of how the market moves in the future, after several days of fluctuations, the technical indicators are bound to form a pattern; otherwise, the next few days will be even more boring!
The direction has already been given by Qingchen in the morning, short! The target has also been set at 97000-96000, let’s wait and see today! #CryptoCircle#
Early session 99670/3963 current price short Lowest drop below 98500/3900,
Qing Chen is still as powerful and accurate as ever, 🈳 layout successfully captured, friends following the trades outside should pay attention to self-protection of profits! In the future market, pay attention to the strength of the rebound, with support at 98000!
Aunt Big Cake has experienced two days of range fluctuations and is expected to break down! It is recommended to short at the current price 101000/4000 and add positions with a defense at 102000/4020 Targeting 97000-96000 Aunt Cake sees 3850 The above strategy is for reference only!
Big pancake aunt 99600/3970 current price short position, the current market has fallen as expected to reach the 98600 position line, the total profit from the short position has gained a thousand points, still consistently powerful and precise, the intra-day short layout has successfully captured, friends following outside the market please protect your profits on your own! #Cryptocurrency#
Ethereum has rebounded strongly in recent weeks, and the current trend is similar to its cycle from 2016 to 2017, predicting a repeat of the explosive rise that drove ETH to a new high at that time.
The price target for ETH is to reach $15,937 by May 2025, which will push Ethereum's market cap to exceed $1 trillion for the first time.
To achieve this bullish scenario, it is important for Ethereum to maintain $3,800 as weekly support. Successfully holding this level will increase the likelihood of retesting its historical high of $4,878 in the short term, followed by a potential further rise. #CryptoCircle#
Trading itself is contradictory, as market trends are mostly unclear most of the time, and we need to clarify the essential direction. What we see in the market and the news we receive are merely what the main players want us to see. Therefore, retail investors' reactions are always a beat behind the market, which is the time difference and tool that the main players use to strangle retail investors, and most of the time retail investors are unaware or unable to know this. Secondly, there is the trader's understanding of the market and the accumulation of knowledge.
In December, the Federal Reserve is highly likely to continue cutting interest rates and remain in a rate-cutting cycle; therefore, the suggestion is to maintain a primarily bearish outlook. As the old rule goes, be bullish but don’t go long; without a deep pullback, going long is not very meaningful. You really don’t know when it will drop to trap you; as long as you short at high levels, there will always be opportunities to exit.
Next week, it is expected to fluctuate back and forth in the range of 101200-91000, and the probability of a sharp rise to 105000 is very low. On Saturday, just focus on the short-term 1000 potential leverage!
101000-100500 short Target 97000 Defense 101500 Auntie 4000 short Target 3900 Defense 4030
When many analysts, institutions, and retail investors are waiting to seize the opportunity to enter the market, it remains stagnant. The big coin has been consolidating around 98,000, and when there is a difference in the market share between the bulls and bears, another wave will come to liquidate the side with the higher share! So many short surveys have come? Is the market outlook bullish or bearish for everyone? So many short surveys have come? Is the market outlook bullish or bearish for everyone?
Since there is a dealer crashing the market by 10,000 points in a day. Whether the market will clear long positions or short positions depends on which side has greater profits and is easier to achieve. Although the clearing map only provides the current situation, long positions, short positions, and the leverage that needs to be cleared. Looking at the current situation, if the price rises to 104,015, it will accumulate and clear short positions amounting to 3.753 billion. If the price breaks down to 96,908, it will clear long positions amounting to 249 million. Currently, BTC is fluctuating between 94,000 and 98,000. Both up and down are just one line. Today's market sentiment has stabilized, and the volatility should not be too large. Pay attention to whether the 100,000 mark can hold steady, and remember that contracts must always have stop losses! #CryptoCircle# #BitcoinSuperTopic#
On December 5, 2024, globally – Bitcoin (BTC) recently broke its historic price, surpassing $100,000 for the first time and briefly soaring to $104,000. The market rejoiced, with investors anticipating an epic bull market to come. However, this situation did not last 24 hours, as the cryptocurrency market faced a severe adjustment. While most investors were lost in their dreams, Bitcoin's price suddenly plummeted, quickly dropping below $90,000, with a single-day drop of over 10%, currently retreating to $97,111.
Almost all those who are still buying more than 100,000 bitcoins in the cryptocurrency circle are long speculators who want to make quick money. They are all betting that Bitcoin can continue to rise, but there are almost no people who are really willing to hold 100,000 bitcoins for a long time. The most important thing is that 100,000 is already the limit for short sellers, and no one dares to short sell anymore. Without short sellers to serve as "fuel", it will be difficult for Bitcoin to continue to rise. Now it is not only Bitcoin that has hit a new high, but also the US stock market. It seems that the interest rate cut has just begun, and the market can still rise again, but inflation is still very high. The Federal Reserve cannot cut too much at once, and may slowly slow down the pace of interest rate cuts. In this way, the mood of the bulls may be affected, and there will be a short-term correction.