December 7, good morning, brothers, it's Saturday
✅️ Market review and analysis
Yesterday seemed like a big drop, but it seems nothing happened, just a simple explosion of a large Bitcoin long position! Around 7 AM yesterday, Bitcoin directly spiked from around 99000 to 90500, almost breaking the 90000 level. However, our altcoin spot was not affected much, and after the spike, it immediately rebounded. Based on past methods, altcoins usually drop by at least 15%, but the market just washed a large Bitcoin contract long position!
This is how a bull market works, constantly raising the bottom price, continuously spiking to wash out leveraged contract players. Therefore, holding spot is the most stable and safe.
On Saturday and Sunday, the market will most likely be dominated by fluctuations. Our ETH has already broken the 4000 level, the next major resistance is the historical high of 4800, which will definitely be broken. Although it is a cold winter now, altcoins are already in spring, and many coins have returned to their high points from March this year! Currently, the market price for Bitcoin is around 99600, and Ethereum is around 3980.
Intraday pressure and support
BTC pressure 100000/101800/104000
Support 99000/98200/97000
ETH pressure 4080/4200/4350
Support 3950/3820/3700
✅️ Spot market and primary market
The primary market is not as hot as in the past, the Bsc chain is currently dominant, but there are still many potential value coins to explore!
In the secondary market, there is a general rise. To be honest, in a bull market environment, recommending codes is not that important anymore, unless for newcomers. Old investors already have their own understanding of what to buy; the only point is the issue of operational methods and patience! Yesterday, I chatted with a member. About a week ago, I recommended LPT to him. At that time, his entry position should be around 13.55. He basically asked me every two days, saying that LPT was rising a bit slowly. I told him to hold on, and in fact, it has only been less than 10 days since then, rising from 13 to 24, making a spot profit of 75%. This morning he sent me a message expressing gratitude, saying that if he hadn't asked every day, he wouldn't have been able to hold on!
In fact, many people have this problem, and I do too. When others are rising, mine doesn't. Take WLD for example, my position cost is around 2-2.2. When the secondary market was being pumped earlier, WLD was like a dead fish, and I was anxious, but I kept holding. Currently, WLD is close to 4u. Although I didn't jump in early, it will soon double, and I'm satisfied since I bought a relatively large position in WLD!
Patience is important, brothers, don't be too anxious and so on!
Fish brother won't recommend too many codes, more is about stability + holding
As of now, the main coins held by Fish brother
ETH WLD OP ORDI LPT DOGE ACT THE DYM DYDX
Today, Fish brother wants to strongly recommend a big coin
DOGE, currently the market is doing well, no unexpected situations, a breakthrough is imminent, the current market price is around 0.43, spot can be entered in batches at 0.4-0.43, here big funds can enter, the first target is around 0.64, the second target is to break 1🔪
Bitcoin reaching 100,000 USD is the first dream, Dogecoin reaching 1 USD is the second dream!