Another day of being woken up by the rising prices early in the morning! BTC rebounded to 98k last night. This is also near the height of the 30-day moving average. Friends who are not on the train don’t need to worry, the market will still fall back and give opportunities!
Peak signal? Now that all coins have reached their limit, can they go further?
Bitcoin is approaching 100,000 again, ETH 3540, and SOL 200. They have almost formed a W bottom and are near the previous high neckline. It is normal to have resistance here. If you have a high-multiple contract, you can consider taking profit near the resistance, because if you can't break through, it will become a double top again. The price increase without spot promotion will not be sustainable.
But after confirming the breakthrough, it will be more stable to re-enter the market on the right side, so that BTC will return to the previous high of 108,000, and ETH will encounter resistance again when it reaches 4,000. However, my 2x long-term position is still firmly held, because the bull market has just started, it has only been 2 months, and there is still a year of growth to come.
ETH will definitely go to 8000, SOL will go to 500, just hold it. Before Sol, our right side trade was correct, and we should confirm the breakthrough before going up. What about Sol? Last week, it failed to break upward, and it broke downward instead. Now it has a W bottom rebound. 200 is the first resistance of the neckline, and the second resistance is 215.
I, Sol, will still wait for it to break through the 220 downward trend line before entering the market, and make a trend to 260. As for spot or 2x long-term, just hold it. 70% of my positions are long-term, and 30% of my positions are waiting for opportunities. When there is a good point, I will open a wave. For example, the day before yesterday, we opened BTC at 92,600, double bottom support, and ate 100,000. I am very satisfied.
Now you don’t need to worry too much about the copycat season, just wait patiently
I have said before that it should start from next month, so we can give priority to bottom-fishing altcoins at this stage. During Christmas, if we follow my articles and internal ideas, we will still have the opportunity to bottom-fish altcoins again, so please seize this opportunity.
Currently, the Altcoin Index is at 49, which is neither particularly low nor particularly high. Therefore, it will take time to see whether we have entered the Altcoin Season. Historical experience shows that it is rare for the Altcoin Index to rise directly against the trend after falling from a high level. Usually, further rise of Bitcoin is needed to trigger the outbreak of Altcoins.
Trump is about to take office, and the coins with related concepts will soon be hyped. In the next altcoin market, everyone can participate according to the logic of the president's coin selection and Grayscale's strict selection:
Trump's selection includes: AAVE, ENA, LINK, ETH, ONDO
Trump related concept coins: RSR, ZRX, COW
Grayscale carefully selected coins: ETH, ETC, LTC, BCH, SOL, XLM, ZEN, LINK, ZEC, MANA, LPT, FIL, BAT
In the current market, the rise and fall of altcoins are obviously differentiated. Strong coins: those that have recovered their losses or have hardly fallen, such as SUI, TURBO, AAVE, ENA, OM, RAY, BGB
Friends, you should be strong now, not weak. The strong will always be strong. Focus your precious funds, energy and time on strong currencies. Find an operation method that suits you (remember to set a stop loss for the contract)
1. For long-term, use the currency standard to look at the market, and only need to pay attention to whether your value currency has increased! No need to pay too much attention to the balance of the account!
2. For short-term trading, keep more USDT in your hands and treat it as USDT! The more USDT, the better!
Whether it is long-term or short-term, the best choice is the one that suits you!
