In the new week, Bitcoin started with an upward trend, breaking through 106,000 and setting a new historical high. When the number reaches six digits, the fluctuations of four digits or thousands of dollars can go unnoticed.
Some are pessimistic, while others are optimistic. The macro outlook is bright, but the micro situation is a tough journey.
After a weekend of low funding rates, Bitcoin successfully liquidated a large number of short positions on Monday. It broke through the first target range of 1,045,000, reaching a high of 1,066,48, successfully breaking and holding onto a batch of short positions at 101,500—102,500—103,500—104,000. The remaining positions should not be enough to attract institutional interest. Friends who have been obediently taking deliveries these past two days, holding on, you have already made money, but this is just the beginning. Good chip positions will lead to good results. Don’t miss out on a significant profit due to a small gain. The higher it goes, the safer your capital becomes. Just manage your cost price and hold your coins. It is expected that there will be a trend market for 7-10 days. Seize the opportunity for the last wave of profit-making before the New Year; keep accumulating Bitcoin.
After reaching a new price high, the risk has been released, and Bitcoin has entered a blood-sucking phase, with Ethereum following suit.
Ethereum is currently facing pressure at the $4,000 level. From the current formation, the attacking momentum and the determination of the market makers to break through are still not very clear. In fact, the oscillation time around the $4,000 level is insufficient; it has only been one week. Based on the 12-hour formation, everyone can pay attention to the MACD golden cross signal at the 12-hour level, and a clear large bullish candle is needed to confirm entry. The reference points for the lower range are 3,918—3,838; these are the closing positions of the bullish K-line at the 12-hour level and can also serve as defense levels for the bullish first area.
Currently, altcoins have not seen significant increases; only the Ethereum ETF market is gradually expanding. It is important to note that if the overall market adjusts and altcoins do not decline significantly, then some bottom-fishing can be done! But you must understand that the altcoin season does not equal that your altcoin's season has arrived, does not equal that you will make a fortune, and does not mean you can cash out after making a profit. Plan ahead:
Which ones to buy, spot or contracts, how to divide positions, how to take profits when the price rises, when to withdraw, if others' prices rise while yours don't, whether to continue holding or sell yours to chase others, etc., and whether to leave some positions to prevent unexpected situations.
Plan well, execute well, and then wait for the wind to come. I hope everyone who sees this tweet can start with a double in this bull market, with five times as a base, and there are opportunities for tenfold or hundredfold gains.
This week's major event:
On December 16, the BTC expansion solution Stacks opened the BTC deposit function, marking the first phase of sBTC deployment;
On December 19, the Federal Reserve will announce its interest rate decision;
On December 19, Powell will hold a monetary policy press conference;
Trump's crypto assets project has also bought new assets, mainly including: DeFi top applications and RWA. The latest four tokens are AAVE, Link, ENA, and ONDO. For those who won't buy coins, following the big president's purchases should avoid losses.
#
