Last night, after several days of rapid growth, Bitcoin fell by nearly $4,000. BTC finally managed to step back on the 5-day moving average, driving away those who had stopped losses along the 5-day line. It is currently at 88k.
Now Bitcoin has reached the strong support position in the four-hour period, and the support at this position is also relatively strong. If this position is broken, it will go to the 86,000 and 85,000 positions. Therefore, the trading strategy for you is not to go all in. Buy more when the price drops sharply and buy less when the price drops slightly.
Today we will mainly reveal the secret of Pnut's 161-fold increase in 7 days. Did it appear out of thin air? After reading this, you may know whether Pnut will continue to increase in the future.
The 161-fold increase in the price of pnut in 7 days is obviously the result of market manipulation, not a normal market phenomenon.
The first wave of pnut’s rise was on November 11, with the market value rising from 39,947,617 to 386,934,318 US dollars, a direct increase of 10 times. What was the reason?
On the same day, pnut announced that it would list on Binance, Crypto.com, Bybit, Kucoin, OKX, and Pump.Fun. This means that the meme project has a very thorough plan. Under normal circumstances, how could Binance and OKX be listed at the same time? The only possibility is that they were discussed in advance.
The second wave of pnut's rise was on the 13th, with the market value from 386,934,318 to 1,702,165,733 US dollars. With a large market value, it can still directly increase by 6 times. So what did pnut do that day? Musk directly called for orders! That post was directly viewed by more than 43 million people. It was really crazy. The appeal of the Lord of Twitter is definitely not a normal market phenomenon.
What is Musk’s purpose in calling out orders?
1. Continuing the animal meme craze
2. Musk and the Trump team made a lot of money
3. Bitget, Binance and other exchanges have gained a wave of traffic and a good reputation in the community.
4. Didn’t they say that pumping makes it difficult for retail investors to speculate on memes? Well, I copied this animal meme. You see, speculating on memes can still make money. Let retail investors continue to fomo memes.
How will pnut operate in the future?
1. Look at the consistent trading methods of Binance market makers on meme coins
2. Whether Musk will continue to support or not, this is the key
3. I don’t think this kind of project that can be completed in 7 days has a very solid community foundation.
So if you buy it, you should pay attention to the risks. I personally think that on the one hand, you can watch Musk's dynamics, and on the other hand, you can continue to look for potential animal coins or even squirrel coins. The hype of 7-day pnut this time is textbook-level and worthy of learning from all parties.
If you want to make a profit on a coin, you must buy it at a low price, when no one is interested, or when the price plummets and retail investors sell their stocks. Now, various coins have rebounded after rising, especially Pepe, WIF and Neiro, which are the top high-quality assets, which have rebounded by 30%. Pepe has fallen to 0.19, Neiro 0.0019, and WIF has fallen to 3.4.
Is this the bottom now? No one can guarantee it, especially for the Dogecoin, which has a very random trend and is very difficult to predict. But I know one thing, retail investors who chase high prices will suffer heavy losses, and we should start to pick up their bleeding chips. Even if you are unfortunately trapped, it is only temporary. Don't think that you should buy at the very tip of the needle when you buy at the bottom. Wake up and be realistic. It doesn't matter if you didn't buy at 1.3u. If you bought at 2u, you would still make a lot of money if you were trapped for a while.
What we can confirm now is that the bull market is only halfway through. There will be FTX repayment and Trump taking office on January 20th. The cryptocurrency market will start to move again one month before these two events! So this period of rest and consolidation is your best opportunity to cover your position. If you have already bought, hold on and wait for the next wave of market to come!
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