Brothers, pay attention! ⚠️⚠️⚠️
The Trump-Musk effect has lasted for almost a month, and it is almost over. It is the end of the month, and the monthly line will start to close soon. The monthly closing price will probably close at 96,000-97,500. It will go negative in December, and there will be a small rise around December 1-3. Draw the upper lead on the monthly line, and then there will be a big drop around December 5. There is a high probability that it will plummet on December 5. You should pay attention to safety in front of the screen!
2020-2021 bull market: The first stage started in October 20, with 6 consecutive positive months, rising to March, and going negative in April to 64,854. The first stage lasted for 7 months. The second stage lasted for 7 months, and it rushed to a new high of 69,000 in November 21. The second stage of the monthly cycle market has a V-shaped trend, and the market has fallen from 64,854 to 28,805, a 53% halving.
2023-202? Bull market: The first stage started in October 23, with six consecutive months of rising prices. In March 24, the price reached 73777. The second stage of the bull market started in September, and it reached 99588 in November. In the second stage from April to August, the overall market trend was fluctuating and falling in a wide range, from 73777 to 49000, a 52% slash.
In November, the price surged to 99588, and the price of Bitcoin futures has reached the historical mark of 100,000. The market is simply crazy! There are many new institutions participating in this round of bull market. The chips in the hands of the new institutions have no advantages over the old institutions in all aspects, such as the position price and spot quantity, but their goals are the same. The old institutions want to harvest, and the new institutions also need to harvest. Since the position cost and quantity of the new institutions are not advantageous compared to the old institutions, if the market only rises to 8w, it will not meet the appetite of the new institutions.
This kind of market trend from April to August has never happened before. The old institutions are still the main dealers. They will no longer operate in the same way as before. There are fewer and fewer new investors, and the old investors are getting smarter. The old way of washing the market is no longer effective. The market will not stop at 99588, and 12w is no problem! ! ! !