How can it skyrocket? Only by following the trend can you make a fortune in the bull market

Ming Ge’s article on January 4th exclusively reminded that if Bitcoin stabilizes at 43100, it may have a positive trend. Bitcoin’s strong rebound after the plunge is because many people in the market have heavy positions in contracts after the market gradually improves, and the sharp drop and surge are both long and short. .

Bitcoin’s 40,000 is the core support level. The hope of rebounding if it does not fall below 40,000 is still there. If it falls below 40,000, it is likely to be a big risk. The 44,000 Bitcoin rebounds is the key pressure level. If Bitcoin rebounds on January 5, If it does not break through 43000, and then if it stands firm at 44000, it may be a positive line at any time.

Bitcoin's 12-hour bottom continues to rise, and the market outlook still lacks a breakthrough with heavy volume. Bitcoin's weekly volume has still not broken after bottoming out, and whether there is a big positive trend is the focus of the market outlook.

Starting from January 10th, whether the spot ETF of Bitcoin will be approved will slowly come into effect. The sharp decline and sharp rise are abnormal. The direction of concern for the sharp decline has not changed, and the sharp rise has reduced positions.

For the long term, Brother Ming’s attitude is also stable. There is a high probability that the US spot ETF will pass in 2024, but Brother Ming is not clear about the specific time.

As long as ARB does not break 1.8, every plunge is an opportunity.

UNI didn’t stand firm 7 and I was so damn angry

near yesterday exclusively reminded: if near stands firm at 3.5 on January 4, it may be a positive line; the actual result is that near falls back to 3.55 and then skyrockets.

SOL stands firm at 105 and can reach around 110

If OP3.3 does not break below the sharp drop, it is an opportunity. Only by standing firm at 3.8 can we be strong.

Brother Ming’s attitude is stable: Bitcoin is around 38,000 to 40,000, which is the top area. We dare not say what the highest point is, but the risks in the top area are greater than the opportunities. Reducing positions on rallies is the direction, leaving room for bullets. There will definitely be opportunities for a plunge in the future. .

Daily currency news interpretation

The minutes of the Federal Reserve meeting showed that Fed officials agreed at the December meeting that the interest rate hike cycle that began in 2022 may have ended. They pointed to a moderation in inflation, especially the six-month annualized rate, and signs that supply chains are returning to normal while the labor market is beginning to loosen as more people join the workforce. They also said that raising interest rates above 5% dampened consumer demand, thereby easing inflation. They did not discuss when to start cutting interest rates. The Fed's dot plot shows the bank plans to cut interest rates three times in 2024.

Ming Ge’s interpretation: I have always believed that an interest rate cut in the United States around mid-24 is expected.

Brother Ming believes that the start of a bull market requires huge contract and option positions, so that huge fluctuations can occur.

According to news on January 4, ENS developer nick.eth tweeted that he recently posted a draft proposal on upgrading ENS’s DNSSEC function to support the new “gas-less DNSSEC” on the ENS DAO forum. It is hoped that the proposal will enter the voting window on January 10. So-called "gasless DNSSEC" will allow anyone with a DNS name to enable it in ENS by simply setting up a DNS text record. Once a properly formatted text record is set up, the name can be parsed in any ENS-enabled application.

nick.eth said they are also working with DNS registrars to add functionality to help users set up these records in a friendly way while minimizing hassles. This upgrade will significantly simplify and improve the integration of ENS with the DNS system, allowing more DNS domain name owners to easily connect their domain names to the Ethereum network.

Brother Ming’s interpretation: Ethereum domain names are gold, and ENS is begging for gold.

Summary: If Bitcoin does not fall below 40,000, it is an opportunity. In the short-term, if it does not exceed 43,000, there will be a new positive line. The risk at this position is greater than the opportunity, so leave room for it; Bitcoin’s vicinity of 16,000 will be an extremely important bottom area for the bull market in 2024. The long-term k Online research focuses on the Ethereum UNI and link pie;

Bitcoin

Support level: 43000 42200

Pressure level: 44800 46000

uni

.....The plunge is an opportunity

Support level: 6.6 6.44

Pressure level: 6.8 7

Ethereum

The plunge is an opportunity, 2300 is the first pressure level, and 2400 is the strong pressure level.

Pressure level: 2290 2360

Support level: 2250 2220

LINK

After falling from the high level, 15 is the key pressure level.

Pressure level: 15 15.8

Support level: 14.3 14

BNB

Excluding Zhao Changpeng’s trial, which is uncontrollable, BNB’s plunge is an opportunity

Brother Ming exclusively reminds BNB to bet between 210 and 180

As long as there is no thunderstorm on Binance, BNB 210 will be invested to 180BNB

Support level: 314 310

Pressure level: 325 330

ENS

The daily line is heavy, if it goes back to 11, pay attention to the area around 9, which is a good opportunity.

Support level: 13 12

Pressure level: 14.8 16

CRV

....Takong’s configuration is a little better

Pressure level: 0.6 0.63

Support level: 0.56 0.54

OP

Not breaking 3.3 is a short-term opportunity

Brother Ming exclusively reminded the layout of Cancun upgrade when the OP bottom plummeted.

Pressure level: 3.7 4

Support level: 3.4 3.2

Plunge in batches, focus on some long-term ones, wait for Cancun upgrade

ARB

It’s an opportunity if it doesn’t break below 1.8. If it plummets, add positions near 1.45.

Fixed investment below 0.9, such as 0.88 0.85 0.82 0.79 0.76 0.73.

Pressure level: 2.1 2.2

NEAR

4 is the key pressure level

Brother Ming exclusively reminds you to place your bets at near 1.3 to 1.

Configure some long lines near 1.3 to 1

Pressure level: 4 4.4

Support level: 3.7 3.55

BLUR

0.58 is a strong pressure level

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