The 4-hour chart of Bitcoin shows a continuous upward testing in price comparison, with lows steadily rising. Although there have been pullback actions, it has not recovered yesterday's gains and is currently still operating around the 97000 line. The bullish sentiment is quite weak, and while a pullback is expected in the short term, the intensity will not be too strong. Key focus today is on the breakthrough situation around the 98000 line; if a valid break occurs, the price may again reach near the 100000 mark. For short-term trading, it is recommended to look for a short sell opportunity first.
Trading Suggestions:
Bitcoin: 97500-97000 range, 96000-95500, with a stop at 97800
(Conditions are rapidly changing, for reference only!)
1. Don't rush to buy at high prices, and don't sell quickly at low prices: When the market is at a high level, be patient and wait; when it is at a low level, do not rush to sell. Act only after the trend is clear.
2. Use K-line charts for decision-making: Consider buying when a bearish line appears, and consider selling when a bullish line appears, in accordance with market trends.
3. Judge rebound strength based on the intensity of declines: A gentle decline indicates a weak rebound; a rapid decline usually indicates a strong rebound.
4. Use a pyramid strategy for building positions: Buy in batches; the lower the stock price falls, the larger the purchase volume, gradually reducing costs.
5. Respond to sideways markets after extreme price movements: After significant rises or falls, the market often enters a consolidation phase. At this time, do not liquidate at high points and do not go all in at low points; wait for a signal of a trend change before taking action.
The daily chart of Bitcoin shows that in the short term, the market is still in a weak pattern, with continuous oscillation downwards and not much of a rebound. The downward structure has not changed due to the brief rebound, so the overall approach remains to hold a bearish sentiment. Similarly, the rebound action on the 4-hour chart has not been sustained, with the price rebounding to the upper band area and then pressured down again. In light of the bearish main structure, the rebound cannot be sustained, so we continue to maintain a bearish outlook.
Operational Suggestions:
Bitcoin: Short at 95500-95300, looking for 94000-93500, with a stop at 95700
(The market is constantly changing, for reference only!)
Yesterday, the big cake went through a whole detour between the upper and lower rails in 4 hours. It was difficult to test the upper rail area but it did not stand firm and break through. The lower support was also relatively stable at the lower rail. The overall range was running in a wide range of 92000-96000. After defining the principle of no destruction, no establishment in the direction of this stage, the operation is relatively simple. First, look at the detour of the range. If the downward force is not strong, we will try again. With the arrival of New Year's Day, the US stock market is closed again. Today's contraction space is expected to be small, 1000-2000 iodine.
Operation suggestions:
Big cake: 94800-94300, watch 93000-92500, and prevent 95000
(The weather is changing rapidly, for reference only!)
The large coin's 4-hour K-line has returned to the golden ratio 0.786 balance point of 94300. Whether the market can form a head and shoulders bottom still needs time to observe. The sideways trading range has been determined for now, MACD has started to expand, and DIF and DEA have formed a golden cross, indicating the possibility of a bullish trend. Therefore, friends trading south of 95000 should remember to set stop-losses, safety first. The Bollinger Bands are still in a downward trend, with the upper resistance level to watch at 95800.
Operational Suggestions:
Large Coin: Short at 93500-93000, looking for 92000-91500, with a stop at 93700
After 7 years of trading cryptocurrencies, I have earned over 30 million, and now I rely on it to support my family. This process has led me to realize six key experiences, though short, they are precise!
1. When trading cryptocurrencies, focus on the strong ones. If you're unsure, look at the 60-day moving average; buy or add when it's above the line and withdraw when it's below. This strategy works most of the time.
2. If something suddenly rises over 50%, don't rush to chase it, as it can easily cause anxiety. It's safer to enter at a lower position, which carries less risk and could potentially yield greater profits.
3. There are always signals before a big surge, such as minor price fluctuations with a volatility of 10% to 20%, but with low trading volume. During this time, gradually buy in at lower levels and you’ll likely catch the upward trend.
4. When a new market hotspot emerges, it will definitely be hot in the first few days. Seize this opportunity and follow the big funds to make easy profits.
5. When a bear market hits, keep your hands steady and don’t act for at least six months. In a poor market, trade less; knowing when to rest is a sign of a skilled trader.
6. Every week, take a moment to reflect—not to check if you’ve made a profit, but to see if your strategy is correct. If it's right, stick to it; if it's wrong, adjust. After a few months, your cryptocurrency trading path will become stable.
Remember, success does not fall from the sky; it comes to those who are prepared.
There is a saying in the trading market: "Patience is an investment, and patience is the prerequisite for success."
Courage and strategy in trading investment are necessary, and patience is indispensable! To engage in trading, one must cultivate good patience, which is often the key to investment success or failure.
Many investors do not lack analytical skills or investment experience; rather, they lack a high level of patience.
Buying too early or selling too early can lead to unnecessary waste of time and financial loss.
The timing for buying and selling may not be appropriate; one should patiently wait, and when the right moment arrives, decisively seize it. This is a fundamental requirement for every investor.
The year 2024 is coming to an end, where is the next stop for the crypto world? Has the end of the bear market finally arrived?
This year, the crypto world has undergone a large-scale reshuffling. Some choose to exit, some choose to lie low, but opportunities always belong to those who plan ahead!
Historical data tells us that the second year after each halving often serves as a catalyst for new trends. Will we repeat this pattern again? It may be a roadmap of rising BTC first, followed by expansion into mainstream coins and emerging sectors.
Global regulation is accelerating. Although it seems tightening, the compliant market has paved the way for institutions to enter. BlackRock's ETF is just the beginning; in the future, more traditional capital may fully invest in Web3. Major institutions are paying attention to these directions; what are you still hesitating about?
The bear market is a period of accumulation, while the bull market is the time for realization.
In the grand waves of the trading market, a profound wisdom saying is passed down:
"Patience is not only the essence of investment but also the essential path to victory."
The way of trading requires not only exceptional courage but also deep strategy, and patience is an indispensable spiritual core within it.
True trading masters often possess extraordinary patience. This is not merely a test of investment skills but a key determinant of whether they can dominate the market.
Many investors, despite their outstanding analytical abilities and rich experience, often act prematurely due to a lack of patience, ultimately missing out on great opportunities and incurring both time and financial losses.
The perfect timing for buying and selling is like a fleeting meteor, requiring investors to wait and capture it with immense patience.
Only when that moment truly arrives can one decisively act and accurately grasp the pulse of the market, thus winning the odds. Therefore, honing exceptional patience is undoubtedly a required course for every investor on the road to success.
The large pancake has experienced a single bullish surge over 4 hours, and the strong bulls cannot be stopped. Once the upward breakout occurs, it signifies increased volume, making the bulls' frenzy expected and a natural result of the trend structure's influence. We previously mentioned that the current pullback of the trend is still bullish; if there is no pullback, then the short-term bullish trend continues to aim higher, with a direct surge during the day. Therefore, the market's trajectory remains quite clear, still predominantly bullish, and riding the trend is the main theme currently.
Trading Advice:
Buy between 105200-105600, looking at 107000-108000, with a stop at 105000.
Key economic news in the US stock market that investors should pay attention to are as follows:
1. US stock index futures rose slightly, with the Dow futures up 0.19%, S&P 500 futures up 0.3%, and Nasdaq 100 futures up 0.52% as of now.
2. European stock markets collectively fell, with the German DAX index down 0.4%, the French CAC index down 0.89%, and the UK FTSE index down 0.39%.
3. The latest CNBC poll shows that 40% of Americans believe now is a good time to invest in stocks, the highest since 2019; only 13% of the public owns cryptocurrency.
4. Novo Nordisk announced that it will invest $1.2 billion to build a new factory in Odense, Denmark, to produce drugs for rare diseases. Construction work has reportedly begun and is expected to be completed by 2027.
5. Amazon employees are demanding that Amazon agree to begin negotiations with the union for the first union contract, otherwise warehouse workers and other Amazon employees across the US will start strikes against unfair labor practices.
6. Tesla's lithium refining plant in Texas has officially started production, becoming the first North American car company to process lithium on its own. After reaching mass production, the plant is expected to produce about 50GWh of battery-grade lithium annually.
7. Meta has written to the California Attorney General requesting to block OpenAI's business transformation, stating that OpenAI has no right to appropriate charitable assets for profit.
8. Advanced Micro Devices (AMD) fell nearly 12% in pre-market trading. The Nasdaq 100 index component adjustments were announced, adding popular stocks Palantir and Microstrategy, while AMD was removed.
9. Cathie Wood's ARK Investment Management expects Bitcoin's price to be between $124,000 and $150,000 by the end of the year. The most optimistic believe Bitcoin will break $800,000 next year.
10. Sources say that starting next year, Apple plans to launch an iPhone that is about 8mm thinner than the current model; the company also plans to release two foldable devices, aiming for a 2026 launch.
In fact, everyone will encounter their own low points, and everyone will face their own difficult challenges, whether it’s starting a business, trading, working, life, or perhaps the stage you're in right now. But isn't the beauty of life just like trading? It has its ups and downs, twists and turns. As long as you can grit your teeth and hold on during the lowest points, you will have endless opportunities, and your life can have a greater margin for error. The low point is a whetstone; as long as you can persist and be resilient, you can become sharper and sharper, and when you are at your wit's end, you can break through with great momentum!
I have thought about some of my principles below. I won't categorize them; I will write them down as they come to mind and will continue to add to them. I hope they will be useful to everyone. There are two parts: a brief overview and the specific reasons for these principles.
1. Do not criticize harshly.
2. Never use leverage.
3. Be honest with others and yourself. Do not deceive others, and do not deceive yourself.
4. Do not show off or flaunt yourself.
5. Be diligent in everything.
6. In a group of three, there must be a teacher for me. Do not focus on others' shortcomings; rather, look at others' strengths, as they are all friends.
7. Invest 99% of your effort in research before spending money. Spend 1% of your effort on buying and selling.
8. Do not blindly compare yourself to others; it will make life exhausting and lead to foolish decisions.
9. When faced with a situation, think carefully; your brain must not be lazy.
10. Do not be arrogant; the essence of arrogance is ignorance.
11. Do not play chess with a poor player.
12. Actively connect with people you like.
13. Seek inward in everything. A gentleman seeks from himself. Reflect more on your own issues.
14. Listen more to others' thoughts; do not interrupt.
15. Learn from others' excellent principles, and review and practice them immediately, providing feedback on the practice.
16. Do not speak carelessly when not collaborating; be honest about what you do not understand and strive to learn.
17. Treat each event independently, analyze independently, and do not generalize casually.
18. Reflect deeply, organize your internal logic, and write it down clearly; be diligent in writing.
19. Do not set limits for yourself; the greatest prison is the one within your own mind.
20. Do not deny others; everyone has their own utility.
The Six Major Stages of Losing Money in a Bull Market:
1. Beginning of the Bull Market The market surges sharply, investors are filled with doubts and dare not increase their positions, only observing and missing early profit opportunities.
2. Continued Uptrend Only when the signs of a bull market become obvious do they realize it, but due to the shadow of a bear market, they buy only a small amount, hoping for a pullback to buy more.
3. At the Peak The bull market surges, greed arises, they put in all they have and even leverage, completely ignoring the risks.
4. Rapid Decline The bull market crashes, mistakenly thinking it's a temporary adjustment, they increase their positions against the trend, increasing risk.
5. Continuous Heavy Loss The market keeps plummeting, panic spreads, and unable to bear it, they cut losses, suffering heavy losses.
6. Continuous Decline After enduring the crash, they face a prolonged decline, their assets are trapped, and they can only helplessly endure and wait for a way out, not knowing when it will end.
1. An upward trend, once formed, is not easily broken. Each time it retraces to the trend line is an opportunity to get on board, so be bold in taking the plunge.
2. The momentum of the upward process is continuous. Staying away from the trend line indicates greater risk, and the potential for profit diminishes. Don't chase the market based on feelings; the idea that something will rise is often an illusion created by market makers. Chasing highs can lead to losses.
3. Go with the trend; trading cryptocurrencies is about trading trends. If the trend is bullish, entry points are also crucial. The risk of buying Bitcoin at 60,000 is very different from buying it at 100,000. Therefore, seize every opportunity when the price dips to key levels on the trend line, as that is the time to position yourself.
4. As long as you don’t chase highs, retail investors can turn into seasoned traders. Currently, we are still in a very favorable early to mid-phase of a bull market, not yet at the stage of a major explosion. Manage your positions well and allocate your account funds wisely; over the next six months, there is no issue with your account conservatively tripling to five times.
Bad habits you must get rid of in the currency circle!
One: Stubbornness. Many people are really stubborn. Stubbornness is really terrible. They always think they are really right. Everyone makes mistakes. Only when you make a mistake can you know where you are wrong and have the opportunity to correct it. Only after correcting it can you succeed. The gameplay of each round is different. It is impossible to use all the previous views now. Many people do not absorb other people's opinions and want to go all the way.
Two: I like to hold heavy positions, because many people do not like to get rich slowly. They have little capital and like to work hard. Occasionally, they will make a lot of money if they are lucky enough to get shot, but it is not certain after a long time. And they will be scared to death every day, which will cause themselves to be under too much pressure and make wrong transactions. And they must control their hands. Opportunities are not available every day, and they cannot be seized every time. They must seize their own opportunities. Don't trade frequently, and don't change positions frequently. Then, you must pay attention to safety, and pay attention to safety! Don't be too aggressive
The activity of Bitcoin continues to rise, and Hangqing's trend becomes clearer. In terms of short-term trading, Bitcoin has successfully broken free from the constraints of the previous shock range and started a round of continuous high-rise mode, and there is no sign of stopping the rise. From the perspective of technical analysis of the daily chart, the next key target of the persimmon market can be seen at the important resistance area of 120,000. Once it successfully breaks through and stands firm, it will be expected to open up new upward space for Bitcoin prices and lead the persimmon market to a higher level.
Operation suggestions:
104000-104500 more, look at 105500-106500, and guard against 103800
(Hangqing is changing rapidly, for reference only!)