Bitcoin has bottomed out around 92-93 many times, and has already had a 20% correction from the high of 108,000 to 92,000. The correction since December 17 actually corresponds to the correction from 2024.1.11 to 2024.1.23, which are the fourth sub-waves of the third and fifth major waves respectively. The fourth sub-wave of the third major wave lasted for 12 days, and the correction from the fourth sub-wave of the fifth major wave has lasted for 13 days.
The speed of Bitcoin's three downward explorations is getting slower and slower, and the trading volume is getting smaller and smaller, which shows that the selling pressure is getting weaker and weaker, and Bitcoin is indeed likely to have completed the adjustment. In this round of bull market, except for the 8/5 black swan, the callback range is 30%, and the basic callback range is about 20% at most, but this time the callback range is only 15%, which is significantly smaller than the callback range of the fourth sub-wave of the third wave. This is probably because Trump is about to take office. Under the influence of market expectations, the selling pressure is weakened and the buying pressure is strengthened. Of course, it cannot be completely ruled out that before the adjustment ends, Bitcoin will fall below the low point of December 20 to shake out the warehouse.
In the future, we need to continue to pay attention to the capital inflow and outflow of Bitcoin ETF. If the continuous large net outflow in the previous period turns into a continuous large net inflow, then the possibility of subsequent falling below the 20-day low will be significantly reduced. And if the Bitcoin ETF continues to experience large net outflows, the possibility of falling below the 20-day low will significantly increase.
As long as Bitcoin does not fall rapidly and fluctuates above $90,000, the altcoin market will be differentiated. I suggest that you give priority to MEME coins with strong market washing. The K-line of Neiro, the star coin at the beginning of this wave of market, has returned to the starting point when it was first listed on Binance and has received effective support. A lot of speculative retail investors have been washed out, and it belongs to a strong market maker.
Some big investors bought 1% of PNUT coins on Binance. As the coin with the strongest rebound every time among the three big fools, it went online before and went directly to around 2.5 with the help of Lao Ma’s shouting. In this wave of big correction, many retail investors were also washed away and it was also a strong market maker.
DOGS
This position has also stabilized, and it has been accumulating funds at this position. From various indicators, this position is strongly bullish. However, the price has not risen sharply, which means that this position will fluctuate before it takes off, and if it takes off, it will take off by itself when people are not paying attention. Therefore, we can arrange spot at the current price of 0.321. Once a new upward trend begins, it will reach a high point.
TURBO
This is the most outstanding meme coin in this round. Its price is basically low now, but its trend and shape are very good. If nothing unexpected happens, as long as the market gets better, turbo will be the first meme coin to start. At the current price of 0.00956, you can enter the market to ambush the spot. The target is to see above 0.0134.
That’s all I have to say today. During the bull market, many people want to have an exchange. If you really can’t handle the cryptocurrency circle by yourself, don’t force yourself. Come to me to become my apprentice, get the latest information, plan, embrace the bull market, improve your winning rate, and say goodbye to being trapped at high levels.
