This week's opening is a retracement bearish candle, the retracement to the position of the bullish candle from two weeks ago is around 87563, therefore the monthly line will turn into a long upper shadow inverted hammer;
Today is the 27th, with 3 days of retracement and consolidation time remaining, the main force's monthly line retracement turning into an inverted hammer is already very obvious; the monthly line inverted hammer indicates a strong bullish outlook for next month! December shows a complete bullish suppression, rather than a half bullish suppression, and the opening lower shadow line in December is expected to be very short, with the lower shadow line expected to be around 88000;
The lower shadow line of December at 88000 must be obtained, with the entire line in December being a bullish candle suppressing, therefore the high point of Bitcoin's monthly line in December minus the price of the lower shadow line is around the range of 40800 points (based on the full bullish suppression in November minus the lower shadow price resulting in a range of over 30300 points, thus the range for December must be greater than the monthly line range of November)
88000+40800=128800 USD, which means on December 26, 2024, Bitcoin will reach 128800 USD; from December 27 to December 31, it will enter a retracement and then consolidate to prepare for the opening of the monthly line on January 1, 2025;
The lower shadow line for January 1, 2025, is expected to be 118800 USD, opening at more than 126000 USD. Based on projections, January will show a half bullish suppression, and on January 12 to 13, there will be a significant upward price of 148500 USD, then retreating below 126000 USD, and the closing price at the end of January 30, 2025, must be lower than the opening price of this month at 126000 USD. The January monthly line for 2025 will show explosive upward movement, at which point the seventh wave will end! (For contracts and leveraged Bitcoin, the expected upward price is double that of 126000, which is more than 250000 USD; the spot market is estimated not to be too outrageous)
Afterwards, it is expected that Bitcoin will take two months to undergo a deep V weekly retracement of eight waves, the eight waves retracement will allow Bitcoin to cash out, and funds will flow out to enter third and fourth tier coins; therefore, in February 2025, many altcoins will rise significantly, because in November 2024, the third and fourth tier altcoins have already started, and coins in the third and fourth tier like (BCH, LTC) will retrace in December, and by February 2025, these coins are expected to have risen significantly, thus very niche coins ranked 100 and below will show daily increases of 3 to 10 times, then on the second and third days will enter a bear market, waiting for retail investors to react, as soon as they dare to chase, they will be buried immediately;
There may even be shameless air coins that explode to about double, many retail investors seeing this will place orders below the market price by more than 30 points to chase the rise, then the project party directly announces delisting! Retail investors will either cut losses or wait for it to go to zero. My personal view on air coins is to blacklist and not pay attention! If there are good long or short point positions, take a wave and leave; if something feels wrong, cut the position immediately and then blacklist.