Yesterday we were still talking about LPT and BAT, and today these two have really made me proud by climbing the charts! Many people don't understand why they are rising, but there are indeed patterns to follow. For example, when the market leaders BTC and ETH start to rally, altcoins will also gradually take off. These two are also favorites of Grayscale. Previously, several other coins that Grayscale invested in surged, while these two were relatively quiet. Their market capitalization isn't large, and they coincidentally caught the wave of interest in Zen. Grayscale's investments have gained a lot of recognition, and since these two haven't really rallied, it presents an opportunity. Perhaps most KOLs are shouting about LPT, while there is less focus on BAT. Attention to coins during the previous bull market was also quite frenzied; I wonder if this round can continue that madness. On Christmas Day, I've also brought some benefits for coin friends, so please be patient and wait for opportunities in other sectors that haven't seen growth. Comment in the comment section about BAT to receive a Christmas red envelope.
Yesterday we were still talking about LPT and BAT, and today these two have really made me proud by climbing the charts! Many people don't understand why they are rising, but there are indeed patterns to follow. For example, when the market leaders BTC and ETH start to rally, altcoins will also gradually take off. These two are also favorites of Grayscale. Previously, several other coins that Grayscale invested in surged, while these two were relatively quiet. Their market capitalization isn't large, and they coincidentally caught the wave of interest in Zen. Grayscale's investments have gained a lot of recognition, and since these two haven't really rallied, it presents an opportunity. Perhaps most KOLs are shouting about LPT, while there is less focus on BAT. Attention to coins during the previous bull market was also quite frenzied; I wonder if this round can continue that madness. On Christmas Day, I've also brought some benefits for coin friends, so please be patient and wait for opportunities in other sectors that haven't seen growth. Comment in the comment section about BAT to receive a Christmas red envelope.
First of all, through last week's market consolidation, Long Ge believes that the rhythm of the market will change, meaning that ETH will gradually take over the market, and BTC's market share will decrease. It does indeed seem that BTC is performing weakly while ETH is relatively stronger.
After all, BTC is still BTC, as it is the leader. So if BTC continues to decline and needs to consolidate, the overall market will still head downward, just with the question of which one rebounds faster.
Returning to the market, let's take a look at BTC's trend: on the daily chart, there are no signs of stabilization from the candlestick perspective; it has been moving downwards in small steps, and all the candlesticks are bearish. The MACD does not currently show any signs of turning upwards, and the moving average system may likely go back to test the MA60. Furthermore, the AO momentum indicator has crossed below the zero axis; since starting from over 40,000, the AO momentum indicator has been above the zero axis, and this downward crossing is likely to require an adjustment.
The daily chart for ETH is clearly stronger, with both MACD and KDJ indicating a golden cross. During the decline, it directly fell to the support of the Vegas channel and also tested the MA60. The daily chart closed with a bullish candlestick yesterday, indicating a trend for further upward movement.
In this rhythm, we can observe the MA60 on the daily chart. BTC is weak, and after ETH rises, it will follow BTC for a retest, confirming at the MA60. The overall market's rise will likely not happen until the middle of next month. In summary, watching BTC's trend, the altcoin market still needs attention. If it breaks below 90,000 again, will there be a lot of panic?
Yesterday, the US Bitcoin $BTC spot ETF had a net outflow of 226.42 million US dollars, with a net outflow for 3 consecutive trading days.
Yesterday, the US Ethereum $ETH spot ETF had a net inflow of 130.11 million US dollars, successfully reversing the net outflow trend of the past two trading days.
This phenomenon shows that while funds flowed out of BTC, they flowed into ETH, which is a necessary condition for starting the altcoin season!
For a long time, after the ETF was passed, OTC funds can flow into Bitcoin continuously!
But for altcoins, only on-site funds flow.
💵💵So many times it will appear: Bitcoin rises alone, and altcoins do not move!
Now let's borrow the eyes of data to see if we can, like at the beginning of the month, funds can be sold out of Bitcoin to bring liquidity to other currencies!
From today's point of view, the ETF data shows that Bitcoin flows out, but Ethereum starts to flow in!
This is a good signal!
🏦🏦🏦Please start the Shanzhai Season, the leeks have been suffering for a long time!
#比特币市场波动观察 $USUAL is rising again, and has been pulling back and forth between value coins and non-value coins. To be honest, the economic model and narrative of $USUAL are okay. It mainly targets stablecoins such as USDT, just like Sushi targeted $UNI . It looks good, but the actual development may not be the same as expected. Therefore, we still need to consider more in the face of reality, rather than saying that the model will definitely work.
Standing at the end of 2024, looking back on this year, there has been wandering in confusion, and perseverance in difficulties. Those unfulfilled dreams have become regrets deep in the heart. Those unexpected warmths have turned into the strength to move forward.
Farewell to 2024, may the new year not disappoint all the waiting, may all the efforts bear fruit, and may I joyfully meet a better self, embracing every small certainty that life grants.
In this moment of reflection, I write a small poem to express my feelings.
The road of the crypto world resembles a thorny path.
Having experienced the sudden changes of bulls and bears, I smile at the ups and downs.
The waves and storms have not ceased, only then do I realize that investing is truly like this.
Past highs and lows are all prologues; after the dark night, the sunrise awaits.
December 24, 12🈷️ News: 1. Crypto.com launches a sports prediction market in the United States; 2. Today's Fear and Greed Index rises to 73, still rated as Greed; 3. Grayscale submits 8-K form for Grayscale Horizen Trust (ZEN) to the SEC; 4. Yesterday, GBTC saw a net outflow of $38.4 million, and ETH a net outflow of $6.1 million; 5. Robinhood CEO: The company has discussed establishing a Bitcoin reserve internally; 6. The probability of the Federal Reserve keeping interest rates unchanged in January next year is 91.4%; 7. MoonPay is in talks to acquire crypto payment platform Helio for $150 million; 8. Coinbase reports: Total market capitalization of stablecoins has grown by 48% since the beginning of 2024; 9. Microsoft is working to add non-OpenAI models to 365 Copilot; 10. Chainalysis: The amount of crypto thefts in 2024 exceeds $2.2 billion; 11. Analysis: Previous bull markets have seen at least three instances of a 20% drop, and this pullback has not yet reached that point; 12. USDC Treasury burns 50 million USDC; 13. Bio Protocol founder: AI agents in DeSci are not yet priced; 14. Binance releases a report on its 2024 anti-fraud refund plan, recovering a total of $9.1 million; 15. Real estate agency La Rosa Holdings accepts Bitcoin as a payment method; 16. Coinbase Wallet will support stablecoin USDC on-chain payments on the Base chain; 17. On December 23, the US Bitcoin ETF had a net outflow of 5,353 BTC, and the Ethereum ETF had a net outflow of 43,129 ETH; 18. Arkham: Mt. Gox currently holds Bitcoin worth approximately $3.45 billion; 19. MicroStrategy acquires 5,262 BTC for approximately $561 million; 20. x platform raises Premium+ subscription price to $22 per month; 21. U.S. stock Matador Technologies plans to allocate the first $4.5 million to Bitcoin in December; 22. Bio Protocol announces its 2025 roadmap, launching a new BIO Launchpad, among other things; 23. Telegram founder: This year's total revenue exceeds $1 billion.
I saw in the comments that I should post reminders earlier, I'm hungry, I support the commission back, providing signals at the first moment, the market changes rapidly, if you want to eat big profits, just like I have accurately bought the dip many times, because it has always been in my watchlist, as the market turns, it has started, so I can grasp it. Trading is like waiting for a rabbit to come, but to be honest, I can't guarantee 100% profit, otherwise I wouldn't lower my leverage. In short, I am quite confident that I will provide signals that you can use as a reference. As for copy trading, it's really not that I don't want to, the newly launched contracts are too volatile to open. For Bitcoin, it needs to be opened with high leverage, which is quite risky. The key point is that there are too few followers, I might as well open a position myself and earn more. However, I will definitely continue to provide copy trading, after all, making money is never too much.
Recommended $BAT , enter around 0.23, after this round of pullback, the small level is currently showing a bullish trend, has broken the downward trend line of this round of pullback, the market cap is not large, grayscale holding cryptocurrency.
Wishing everyone a happy and joyful Christmas Eve 🎄🧑🎄 I am also starting my week-long Frozen holiday... I will update my status with any thoughts during this time. #BNB
Brothers, did last night’s review and summary give you the confidence to buy at the bottom? If you followed it, I believe Manager Qi made money in the early trading.
Why did it suddenly pull up? What does it mean? I don’t understand.
Let me tell you something important. If others go to the festival and you are playing, then you have one more chance than others. Never give up. Come on. Xai The third stage will end in 8 days.