Today, Bitcoin retraced intraday, confirming strong support at 103,000. This morning, I guessed the lowest retracement would be around here, specifically adjusting the defense level from 103,000 a couple of days ago to 102,800. The current market price is 105,300, and low buys are already showing a profit of 1,300 points (if only catching the third entry point, it's already 2,300 points). The conservative can take some profits, like 20%.
At 11 PM tonight, the Federal Reserve will hold a meeting to discuss interest rates. Let's see if there can be a breakthrough. The last rebound was due to CPI2, and the altcoins have been falling without rising for 8 days. Bitcoin's new high has not accelerated, and the boring market may continue. If there’s a sharp dip, we can set a midpoint at 101,888 and a daily Bollinger middle line at 100,450. After reaching here, it will quickly pull up.
The Federal Reserve's interest rate decision will be announced at 3 AM, expecting a 25 basis point cut.
Currently, the market sentiment for ETH is close to the lowest level since December 18, 2023, which is a typical bullish signal.
When market sentiment was at its lowest, ETH subsequently rose by 30%. BlackRock has accumulated over 1 million ETH, and long-term ETH holders are still increasing their positions. Just do it, guys; buy Ethereum on dips, buy Ethereum, buy Ethereum.
To summarize the key points from tonight:
1: Tonight at 11 PM, the Federal Reserve will hold a meeting to discuss interest rates. Let's see if Bitcoin can find a breakthrough.
2: Ethereum's four-hour chart shows a bottoming signal. I firmly believe in the rebound; Bitcoin has already flowed back into Ethereum.
3: Analysts say: Now is the time for Ethereum to hit new highs, while Bitcoin is entering Santa Claus mode.
4: Retail investors are selling ETH out of panic, while Wall Street continues to buy in.
5: MicroStrategy's one-month trading ban on buying BTC is lifted (bearish).
6: Binance announced today that it will delist BLZ, plunging directly by 40%. During the first half of the bull market, it also rose by 7 times. The risks of altcoins are too high.
7: He Yi: Most meme coins will go to zero; Binance will put over a hundred hot projects into the Binance Alpha observation zone.
I recently clearly felt a wave of weird wind blowing in! Are altcoins falling instead of rising? Is the future of the crypto world a season for altcoins or a taboo for them?
I mentioned a couple of days ago, even though Bitcoin is currently the strongest, many people have again lost confidence in altcoins, but I am very optimistic about the market outlook:
I've always said not to go all in, keep some USDT! (Including what I've consistently said: if you like to play long-term, you should have at least three layers of BTC in hand.)
The most common situation is: I say to buy the same amount of each coin, don’t buy more of one and less of another; diversify your investments for safety! But most people's actions are: I’ve recently recommended so many that have been profitable, the profits from diversifying are too little, so I can't do it, I want to go all in, I want to heavily invest!
Investing is fundamentally about positions, algorithms, and strategies! Once you get into the habit of going all in, you're not far from losing money!
Another situation is: I mention short-term and long-term coins that keep making profits, while playing with other coins leads to losses. This is also common because I don’t recommend many coins, and many people get addicted to trading, so they keep looking for coins to trade; this is understandable!
Doing spot trading really requires more review. Spot trading is inherently a cyclical product, and the mindset for spot and contract trading is completely different. Spot trading is stable when layered, while contract trading is prone to liquidation!
Lastly, I’ll mention three coins:
1. USUAL
USUAL coin is really impressive, it's been rising all the way; you might want to research it.
Buy strong, not weak; you can allocate during pullbacks.
There are still 2 coins that Binance currently does not support, please forgive me.
