On Christmas 2019, Bitcoin fell; On Christmas 2020, Bitcoin rose; On Christmas 2021, Bitcoin fell; On Christmas 2022, Bitcoin fell; On Christmas 2023, Bitcoin rose; On Christmas 2024, Bitcoin will_______?
If you are worried that the bull market is about to end, let me tell you with data:
In December 2020, BTC fell 12%, while it had previously risen 77% from October to November. Then, in the following 23 days, its price rose from $17,000 to $41,950 (an increase of 149%).
A similar situation is happening now, as Bitcoin has dropped 13% after a significant rise in the fourth quarter. This does not mean that the current level is the market bottom; we may still see a 10-15% adjustment.
However, Bitcoin and the cryptocurrency market still have plenty of momentum.
I am Shaohua, follow me to gain more in this bull market.
The big coin experienced sharp fluctuations this weekend, causing those who have just been traumatized to frown, fearing that the big coin will test the bottom again. From the trend, there is no sign of a pullback; the support level is at 94,000, while the resistance level is around 99,800. The overall trend remains volatile.
Ethereum has some support around 3,330 and shows signs of turning upwards. However, the main force won't be that kind-hearted to let it go straight up. It's normal for the market to experience sharp fluctuations during the recovery process. The bull market has not ended; one must hold onto their chips tightly.
With Christmas approaching and the historical trend of poor Christmas market performance, people are being cautious. The recent sharp drop could be an early escape of risk-averse funds ahead of Christmas, leading to a decline.
Although the secondary market is sluggish, the primary on-chain funds remain relatively active. Wishing everyone a pleasant weekend, while also maintaining a good mindset to welcome a brand new week.
According to Glassnode, this Bitcoin cycle is the least volatile on record. With the continuous increase in institutional adoption and demand driven by spot ETFs, the stability of BTC has reached new heights. Therefore, the operational advice is: if it suddenly drops a lot, remember to buy the dip rather than thinking it will continue to drop deeply. Now, when it slightly drops, institutions start buying and buying. A drop like the one during the last bull market on May 19 is hard to see again; Bitcoin is now very stable.
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#加密市场盘整 Bitcoin $BTC fluctuates around one hundred thousand, so do you think Bitcoin can stabilize at one hundred thousand this year and reach a new high?
Zoom in on the latest BTC price action, hover the cursor over the price line to determine which price range it is in.
2. Annotate the Price Range Colors
1. Deep Blue ("Basically a Fire Sale") Severely Undervalued; 2. Cyan ("Buy Now!") Clearly Undervalued; 3. Green ("Add to Position") Undervalued; 4. Light Green ("Still Very Cheap") Slightly Undervalued; 5. Yellow ("Hold Long-Term!") Fairly Valued; 6. Orange ("Is This a Bubble?") Seems Slightly Overvalued; 7. Light Red ("FOMO Intensifies") Possibly Overvalued; 8. Red ("Sell Quickly!") Severely Overvalued; 9. Dark Red ("Maximum Bubble Zone") Extremely Overvalued. The top colors indicate overbought, while the bottom indicates oversold.
3. Advantages of the Bitcoin Rainbow Chart
1. Intuitive presentation of historical price trends and market sentiment. 2. Helps in understanding Bitcoin's long-term price behavior. 3. The color bands provide guidance for buying, selling, or holding.
Conclusion: The Bitcoin Rainbow Chart visualizes price action and market sentiment, allowing investors to identify opportunities, but it is essential to combine it with other indicators to reduce risk and enhance success rate. ⚠️ For the official Bitcoin Rainbow Chart website, please contact me (see my profile) #圣诞行情预测
Zoom in on the latest BTC price action, hover the cursor over the price line to determine which price range it is in.
2. Annotate the Price Range Colors
1. Deep Blue ("Basically a Fire Sale") Severely Undervalued; 2. Cyan ("Buy Now!") Clearly Undervalued; 3. Green ("Add to Position") Undervalued; 4. Light Green ("Still Very Cheap") Slightly Undervalued; 5. Yellow ("Hold Long-Term!") Fairly Valued; 6. Orange ("Is This a Bubble?") Seems Slightly Overvalued; 7. Light Red ("FOMO Intensifies") Possibly Overvalued; 8. Red ("Sell Quickly!") Severely Overvalued; 9. Dark Red ("Maximum Bubble Zone") Extremely Overvalued. The top colors indicate overbought, while the bottom indicates oversold.
3. Advantages of the Bitcoin Rainbow Chart
1. Intuitive presentation of historical price trends and market sentiment. 2. Helps in understanding Bitcoin's long-term price behavior. 3. The color bands provide guidance for buying, selling, or holding.
Conclusion: The Bitcoin Rainbow Chart visualizes price action and market sentiment, allowing investors to identify opportunities, but it is essential to combine it with other indicators to reduce risk and enhance success rate. ⚠️ For the official Bitcoin Rainbow Chart website, please contact me (see my profile) #圣诞行情预测
In life, we pass through quickly. If there is any true intention, it is merely a warmth and care. Advance an inch and there is an inch of fondness; take a step back and there is a step back of waiting. Some connections drain the spirit, while others elevate the soul. If you cannot resonate together, it is better to be alone... $BTC $ETH $BNB #加密市场盘整 #市场调整後的机会? #PCE通胀降温 #USUAL走势分析 #萨尔瓦多增持BTC
The market is entering a rebound, remember that a rebound does not mean a reversal! So be cautious when entering the market; if you have made a profit, don't be too attached to it, or else the hard-earned gains may slip away. If you move slowly, you might get trapped and feel downcast! From the current perspective, the market is showing ups and downs, and the tug-of-war between bulls and bears is intense, but it is merely retail behavior. Since it's retail behavior, it won't create much of a storm! If you want a reversal, you still have to look for significant capital from the big players entering the market and releasing volume; otherwise, once the bullish momentum weakens, there will be another wave of sell-off that could hit you hard. So always keep a clear head and don't mistake a rebound for a reversal!
• Stocks are rising as if the Fed will continue to lower the rate • Bonds are falling as if the Fed's rate cuts have ended • Oil prices are rising as if we have avoided a recession • Gold prices are rising as if a recession is approaching • Bitcoin is falling as if the appetite for risk has disappeared • Volatility is falling as if the appetite for risk has returned
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The road to recovery is long, but it doesn't matter. Brother Jiu just considers this account to be at zero. Fortunately, I withdrew 1 million before the drop. Waiting for an opportunity to increase my position. It's okay to hold LPT spot at full capacity; LPT might reach around 30-50 USD. Brothers, give Brother Jiu some attention, and I'll continue to send out red envelopes to everyone! Answer: LPT 30 seen
The market is ruthless, but Brother Fish is loving. Every day, let’s move with Dogecoin red envelopes. The market is usually terrible around Christmas every year, so brothers, please keep your hands steady, avoid contract leverage, and just buy the dip in spot trading. Red envelope answer:888
Tonight's live broadcast, sharing suggestions with fans. 1. The bull market hasn't ended; BTC is making a normal correction to fix indicators and reach balance. It still hasn't dropped to the right level; I hope it slowly falls to around 90500, which would be a better situation, and then consolidate for a while. If it plunges to 85000, that would be too harsh. Many altcoins have already dropped to key bottom positions and currently won't have a reverse V-shaped pullback. This kind of oscillating consolidation pattern will take about 1-2 months before the second wave of one-sided bullish trend begins. 2. For ETH, you can place orders in batches below 3300, around 3000, and 2800 is the pressure from the previous oscillation structure. You can place an order at around 2810; it might really reach that level. 3. Don't easily short because the price is stagnant. You can short at key resistance levels, which is acceptable. Nothing is absolute, especially in the crypto world. If a sudden positive news appears and you are shorting at the corresponding level bottom, that would be a matter of life and death. 4. For ZEN, you can short around 33.43, with a stop loss near 37. The dealer's cost is between 6-8 dollars. If you are looking to trade short-term, you can also place orders at 25. Anyway, quick in and out. 5. For SOL, ideal order levels are 175-160-150; SOL has been relatively weak recently. If there is a rebound, 210 is a strong resistance level, and for those who are stuck at 220, you can only wait for the next wave of market to break even. This period is a bit difficult. 6. A partner who listened to my live broadcast directly jumped into contracts. I said, "I was talking about spot orders; if you get liquidated, don't blame me." Moreover, we are placing orders in batches, not going all-in. 7. DOGE can still have batch orders around 0.28-0.22. Most altcoins will make pullback oscillations. 8. Recently, I don't recommend getting into meme coins; many meme coins won't return to their previous highs in this bull market and are expected to gradually go to zero. They were originally meant to exploit retail investors. Once they make money, the dealers run away. Binance has launched dozens of meme coins; there aren't that many consensuses. Not every coin has Musk backing it. Some might survive a few bull markets. If you must buy, I won't stop you. WIF, 2.1-1.85-1.65 in batches. The altcoin season has not yet arrived; everyone can only place orders in batches and buy slowly. After Trump took office, he will definitely aim to strengthen the U.S. economy. The U.S. dollar continues to strengthen, U.S. stocks will surge again, and the crypto market will also follow suit. This month's correction should be the last opportunity to buy the dip in this bull market. Everyone must dare to get on board. $BTC #市场调整後的机会?