Last night, SEC Chairman Gensler announced that he would resign as SEC Chairman on January 20 next year. This also triggered the conditions for Bitcoin to continue to rise. It feels like the mountain pressing on the encryption industry is finally being removed, and the supervision has become much easier. In the next few years, whether we can truly usher in an "innovation-friendly" industry environment depends on the attitude of the new successor.
Bitcoin continues to hit a new intraday high of 99,500. It is currently in the stage of touching the top. The closer it is to 100,000, the higher the risk may be. After all, the greed index has reached 94. We know that when the panic index is below 10, it is absolutely time to buy at the bottom, at least you will not be trapped in the short term. Now that the greed index has come above 90, if you sell Bitcoin at this time, there will most likely be a lower chance to take it back in the future. It is best for the corresponding copycats to also reduce their positions, especially for projects that have already seen a certain increase. You must learn to take profits and put your money in your pocket.
At present, my personal strategy is mainly defensive. After all, there are thousands of market opportunities and it is impossible to seize all the market opportunities. If I can make a dollar, I will only take 70 cents. The current strategy is to outperform the market!
Ethereum also ushered in a long-awaited rebound yesterday, but every rebound, if it is not a trend rebound, is often a risk point. In other words, you should be wary of Ethereum's surge. Of course, if it is a continuous rise, it's fine. If not, it often indicates the risk of a pullback!
Yesterday, Ethereum's rebound also led to the full take-off of the Ethereum series. Such a linkage trading strategy is still very useful, because ecological projects tend to make efforts relatively later and have higher gains. For example, yesterday, Ethereum pulled a one-hour big positive line at 8 o'clock. If you look at the big positive lines of OP, ARB, METIS, ETHFI and other projects at 9 o'clock, they all start from 25 points. This method is also applicable to SOL's strength. JTO, which pays attention to its ecology, also rose strongly! Pay attention to the support of 3300 points during the day. There is a risk of breaking through.
At present, we are still waiting for the big bitcoin to pull back and pay attention to the entry opportunities of the copycats. Otherwise, it is easy to be trapped at a relatively high point if you chase highs in the short term. If it pulls back, focus on the strong varieties. For now, the money-making effect of the copycats is just average. More sustained increases are in a few mainstream varieties, and many copycats are still lying at the bottom!
sol, finally created a new ath. This is because cboe submitted 4 solana ETFs to the SEC last night. Coupled with the fact that the chairman of the SEC is about to leave, the market believes that the probability of subsequent approval is very high. Other copycats that also have ETF hopes include xrp doge. These three brothers were all doing very well last night.
We are mainly concerned about the extent of the subsequent interest rate cuts. If the next interest rate cut is 25 basis points, the market trend may last a little longer, until the first quarter of next year (January to March).
If the price drops very quickly, by 50bq, which is beyond expectations, then BTC may accelerate even faster. The copycat may directly and quickly make a big pull to accelerate the formation of bubbles. If this is the scenario, there is a high probability of a flash crash in the short term. Therefore, it depends on whether it moves forward slowly and steadily in line with expectations, or whether it operates too quickly and fiercely.
Let’s summarize the key points of these two days:
First, there is no spike phenomenon in the 4-hour trend of Bitcoin. As long as it can maintain this slow rising rhythm, it means that the market has not yet reached the top.
Secondly, the recent continuous issuance of USDT, coupled with the fact that the Trump administration has formed a management team that is more friendly to the cryptocurrency community, these two factors have jointly contributed to Bitcoin's rapid development.
Third, Matrixport predicts that the price of Bitcoin is expected to climb to 125,000 US dollars in December, and Sun Ge also said in a live broadcast that he would sell the Bitcoin in his hands if the price reaches more than 120,000 US dollars.
Fourthly, Ethereum and its related altcoins usually start the last wave of market after Bitcoin has completed its fund absorption, and then the entire market will come to an end.
Fifth, the ancient whale who held nearly 400,000 ethers sold 73,300 ethers at a cost of 6 US dollars in the past half month. The Cosmos developer also sold 3,000 ethers an hour ago. Currently, the developer has 23,587 ethers left.
Sixth, yesterday, the net inflow of Bitcoin ETF hit a new high in a week, reaching 1 billion US dollars, but Ethereum continued to show a state of capital outflow, with an outflow of 90 million US dollars. Ethereum is in a difficult situation, and funds are still flowing out. It is hard to say whether Ethereum can maintain this wave!
Be sure to hold on to the profits you have made and control your positions well.
Let’s look at the benefits that are about to happen in the future:
On December 6, MicroStrategy, the largest buyer of Bitcoin, is expected to be included in the S&P 500 index fund. Then, on December 10, Microsoft, the world's largest company by market value, will review its Bitcoin investment proposal. On the 19th, the Federal Reserve will cut interest rates for the third time. You know, the first two interest rate cuts caused Bitcoin to surge by 10%, and this time it is very likely to drive another wave of market. It can be said that each of the above events is highly anticipated by the market.
The biggest increase in Bitcoin this time should occur two weeks before Trump takes office on January 20. That will be the craziest time in the cryptocurrency circle, because Trump is expected to list Bitcoin as a national strategic reserve. After all, he has mentioned this idea at the Bitcoin Conference before, and his family has also launched a blockchain project, which is really friendly to the cryptocurrency circle.
So, history is really very similar. If you look at the market last year, it also started to rise in October and lasted until the ETF period in mid-January. In 2021, the cryptocurrency market also soared from October, all the way to the first high point in mid-January, and in March it will hit a higher high. This year is because of Ethereum's Cancun upgrade, and next year there will also be Ethereum's Prague upgrade. The timing is really surprisingly similar.
