Chief Advisor Talks Hotspots:
Once the 100,000 barrier is broken, the big bull has indeed arrived as expected! Watching the US stock markets, Nasdaq and S&P 500 continuously refresh historical highs, the market atmosphere is really exciting. Today, Bitcoin also broke through 100,000, setting a new high again, we are witnessing history once more!
As long as friends who have been following the Chief Advisor's articles for a long time are mostly clear, this wave of rise completely meets the Chief Advisor's expectations, and the next target range is obvious. 110,000-120,000 should be a high probability trend (mid-line 110,850-123,600), and Ethereum is also not to be outdone, with a target of 4,880 expected to be reached from this month to next month!
Looking back, the Chief Advisor had already clearly stated in the article on December 2nd that after the Federal Reserve's taper announcement, the market would enter a unidirectional upward trend. It was clearly stated that if Bitcoin pulls back to around 93,800, it would be a mid-line bottom-fishing position. Bitcoin only dropped to above 93,600 on the evening of December 3rd and has not seen lower prices since.
On the evening of December 3rd, after Bitcoin dropped to around 93,600, it began to slowly rebound, fully confirming the Chief Advisor's view. To say that the mid-line bottom-fishing layout taken this morning has already gained over 10,000 points feels more comfortable than anything else; this steady income is a kind of solid confidence.
Additionally, I would like to answer some questions from fans: Regarding altcoin projects, we need to treat them calmly. Many friends in the market are now crazily chasing altcoin projects, but honestly, the Chief Advisor really does not recommend touching them. The trend at the beginning of a big bull market is often that after a round of altcoin rises, funds will quickly flow back to Bitcoin.
At this time, Bitcoin will continue its solo dance, rather than the rhythm of 'Bitcoin rises, Ethereum rises, and altcoins come back for a wave' that happens during alternating small bulls and bears. Therefore, the risk of altcoins is still quite high in the current market environment; don't be fooled by their temporary popularity, as they still lag behind Bitcoin and Ethereum.
Ultimately, doing well with Bitcoin and Ethereum, these two 'real bulls' is the most reliable way; overly greedy altcoin operations will likely leave you as collateral damage when the market corrects.
Then let's talk about those bearish friends, especially those who always focus on Bitcoin's decline; I really feel anxious for them. The big trend is still bullish, while the bears are always thinking the market will drop to 70,000 or 80,000, only to watch themselves miss out.
A few days ago, during the sharp drop, those bears may have felt they found an opportunity, but did you see today's Bitcoin? It has already broken through 100,000, while the bears are still bearish.
Sometimes I really don't understand why there are so many people fixated on declines during a bull market; corrections are just short-term. Why not go with the trend and ride this wave up? Either they don't understand, or they have ulterior motives!
The Chief Advisor has experienced so many market fluctuations and understands one principle: when large-cap assets start to rise, small-cap assets may pull back for a while, but from last month to March next year, this period is the golden time of the entire bull market for wealth effect.
In the upcoming big trend, the entire market will move from 'Bitcoin's solo dance' to 'the crazy dance of the crypto circle.' Retail friends, we must seize every opportunity for correction, ensuring we are firmly on board and not getting off midway.
Also, don't show off those seemingly high-end technical indicators; don't let emotions dictate you. Identify the trend; otherwise, in the end, you won't even know how you played it out!
Chief Advisor Views the Trend:
Resistance Level Reference:
First Resistance Level: 103,300
Second Resistance Level: 104,700
Support Level Reference:
First Support Level: 101,500
Second Support Level: 100,000
Today's Suggestion:
Bitcoin breaking through the resistance of 100,000 dollars has broken the psychological barrier, and market buying has further entered. Currently, it is in an upward space, and a high-point selling has not yet formed.
At this time, the key point to focus on is whether there will be a rebound after a slight adjustment or after further adjustments; mastering this is very important. Since a historical high has been broken, it is not advisable to chase longs, but to enter for longs after a pullback.
After breaking the resistance of 100,000, this level will become an important support level. If the range of 102K to 103K can stabilize in the short term, one might consider entering for ultra-short-term longs.
According to the support provided by the Chief Advisor in the chart, short-term trading can be conducted based on the upward line. If a pullback is expected, one can focus on the support line below for layout.
Currently, the market has shown a rapid rebound and entered the overbought zone, while forming a downward divergence. At high points, the Chief Advisor does not recommend directly going short, but rather to be aware that the overbought zone may continue to form. When divergence occurs, please maintain an adjusted viewpoint to operate.
12.5 Chief Advisor's Band Pre-embedded:
Long Entry Point Reference: Direct buy in the range of 98,888-98,250. Target: 101,500-104,700 (no trades below this).
Short Selling Entry Point Reference: Not Recommended
