Friends who have been bearish for a long time, please stand up and shout!
If you don’t go short and I don’t go short, the bull market will fail! If you chase longs and I chase longs, it’s hard to say whether it’s a bull or a bear market! Only when the bears are confident in going short, the bull market will surge upwards! Go short now! Go short now!
As expected, BTC surged and successfully broke through the 66,000 mark!
In the analysis of the past two days, we were firmly bullish. Yesterday, a strong positive line directly broke through the resistance of 64,000. In the evening, it broke through 66,000 in one fell swoop, reaching a high of 66,600. There has been a slight correction at present.
History shows that there is always a surge before the US election (there is a rumor that Trump’s DeFi project may be launched on SCROLL, which is quite explosive news!).
Coupled with the intensification of economic stimulus policies in various countries, the release of FTX funds and the impact of global interest rate cuts, the market is undoubtedly pushed up, and the future is full of expectations! But remember to take profits in time at high levels, so that profits continue to soar, without any risk.
From the K-line chart:
BTC is still in a downward trend at the one-hour level, while it maintains an upward trend at the four-hour level (if it cannot maintain its upward trend or remains sideways at a high level, it may turn into a downward trend at 16:00 today).
However, both the 12-hour and daily levels show an upward trend, especially the daily line has just started to rise for only two days. After consolidation, it is very likely to hit 70,000!
The intraday pressure level is set at 68,000 and the support level is at 64,000 US dollars. It is normal to rise and then fall, which is for a stronger rise!
From the historical data:
December is an amazing month for ETH!
Several absolute bottoms occurred at this time: it fell to $6 in December 2016, hit $80 in December 2018, fell to $116 in December 2019, and fell to $1,150 in December 2022.
From the ETH/BTC exchange rate analysis:
The bottoms of the first two cycles both came in December after breaking through key support, and ETH has now also broken through important support.
This time, Ethereum is likely to break through the high of $4,093 in March in the fourth quarter! Will ETH reach a new cyclical bottom in December this year? Pay close attention to the dynamics in December!
Currently, ETH is rising strongly along with BTC, successfully breaking through $2,600 and selling in large volumes! Although there will be a short-term correction during the day, the four-hour level has entered the overbought area, and the daily indicator is also above the healthy level.
Those who are short should follow up during intraday corrections, while those who already have positions should continue to hold. The resistance level is set at $2670-2720, and the support level is at $2520-2550. The market trend is full of expectations!
Regarding the progress of this bull market: we have already entered 60%!
We are now officially entering the third stage, the end of the bull market. According to modeling predictions, this stage is expected to end before August 25. The following are several key phenomena and trends that are worth paying attention to!
- The peak of this bull market will hit $150,000!
- In the minds of users, meme coins are gradually replacing VC coins!
- In order to win back users, centralized exchanges (CEX) have launched the altcoin season!
- Note the rise of the absolutely fair protocol - BRC20!
- Institutional investors actively participate and build the meme ecosystem!
- Institutions are also planning BRC20 to seize the opportunity!
- The rise of the phenomenal meme exchange is creating a new wave!
- In order to save itself, a large amount of VC coins were locked and destroyed!
- The value of the Genesis Inscription may become a golden shovel, bringing endless possibilities!
This bull market is full of opportunities and challenges, and future development is worth looking forward to!
1. With the strong support of Binance, more meme coins will be launched in the future! I hope the coins in our hands can ride the wind and waves!
2. The altcoin season is coming, but retail investors' enthusiasm for VC coin trading remains low, and exchanges have expanded meme and BRC20 sections!
3. In the past, projects that were rushed without thinking can now only attract investment if they are fair and just. People no longer pay attention to white papers and financing. Institutions are forced to invest in meme coins. For example, the "Dolphin" project invested by Zhusu is a typical case!
4. More and more people are looking for fair and open projects and protocols. Currently, no protocol layer in the market can meet this standard better than BRC20. Although BRC20 has touched the cake of institutions and has been continuously suppressed, users have turned to meme and no longer play with institutions. Institutions can only control the dominant power by issuing coins or scrambling to raise Genesis inscriptions at the protocol layer!
5. In the future, there will definitely be a phenomenal meme exchange and inscription exchange, which is worth looking forward to!
Today I will continue to share three coins with you to see if there is any dish that suits you.
1.ARKM-Ai Reverse
The market value is only 500 million and has not yet risen significantly. There are obvious signs of bottom accumulation and huge trading volume. It has the potential to hit at least 10 US dollars in the future!
2.BILLY-meme Direction
Between August and October, the market bottomed out significantly, and after a recent wave of gains, it entered an adjustment phase. It had not started to gain momentum during yesterday's analysis, but today it has started to rise! If there is another pullback, this is an excellent time to make a move!
3.Pandora
With a market value of only 15 million USD, this coin has fallen by 90% and has been adjusted for a full 8 months. It is ready to go! Although the liquidity is poor and it is not advisable to chase high prices at will, it has been slowly accumulating funds from July to October, and the future market is exciting!
