Bitcoin double top pullback, will it drop to 93,000? BGB and GT surge! Will BIO see 1 USD? Is the altcoin bull really coming?
During the Christmas period, there hasn't been much news to follow, and everyone is starting to look at the Korean barometer again. I remember in March this year there was also a wave of Korean influence, when it was TRB, and now it's UXLINK. The UXLINK/KRW trading pair has a trading volume share of 29.07%, ranking first in the Korean Won trading market, with other top 5 currencies being: MOCA, AGLD, MOVE, xRP. This barometer may have some speculative directional influence recently, but everyone knows that the Korean market is more of a speculative play, without any long-term stability, just quick in and out. The trading BO for eggs on bitget is already at 1 USD, and if the listing meets this expectation, the valuation of the circulating market cap is very reasonable. Yesterday, the DESCI project announced an airdrop of BIO to holders, and the level of excitement is understandable. The DESCI sector is still in its early stages, and the future growth potential should be significant, requiring constant attention. Market Analysis Today, the US stock market is about to open. Let's see the movements of Americans after Christmas—are they going to celebrate or are they preparing to cash out? If the current trend continues, then 100,000 will not be the peak, and my expectation is that it will mainly be a pullback, and this peak seems to have been established. If the US stock market opens and continues to rise today, the resistance level will be at 105,000. • Regarding altcoins: I want to focus on the two platform coins BGB and GT, which have been quite unreasonable lately, especially BGB. Bitget has indeed become a new leading platform, developing rapidly with a rich and diverse product offering. Although the number of users and liquidity is still slightly lacking, the trading volume has already surpassed OK. Locking up BGB also brings many benefits, making it quite appealing. Although it still lags behind BNB, it is cheap and easy to acquire, so the logic behind its recent rise should be quite clear. That said, I wonder if there are any veteran traders here; platform coins often signal the end of a market trend. Looking back at this year's BNB's independent surges on the dates 3.13, 6.04, and 12.04, you can see how Bitcoin performed in the following days.
Bitcoin double top correction, will it fall to 93,000? BGB and GT soared! BIO saw 1u? Is the copycat bull really coming?
BTC continues to follow the 30-day moving average to repair upward, basically level with the moving average of 98.9k. BTC 10W breakthrough failed, forming a double top, soft support is around 95500, strong support is around 93000 of the M neckline. 100000 is not a big level, but this range is a big level. In this range, there has been a large volume, which is not a good situation. What we have to wait for is when it will be a real stable period! Now the market's attention is basically clear, including the Bitcoin bull dominated by institutions and national actions, the DeFi bull dominated by the US President and related ETFs, the meme bull with super strong narrative on the chain, the AI bull with super strong narrative on the chain, and other altcoins. We only need to focus on two or three sectors to outperform most of the altcoins.
Why do some people always lose money playing contracts?
Like other speculative markets, fools who do not understand market operation rules, lack position management, risk control, and trading discipline are the main source of profits. There will be idiots who believe the story when smart money is selling the news, buying at the highest point, for instance, believing that a certain person will treat Dogecoin as a Martian currency, or thinking that wealthy people will all buy a punk AYC NFT and hold it without selling. Only those with trading experience in other markets will stop-loss when losing, say -10% or whatever, but these fools, having listened to the story, might hold on to an -80% or -90% loss, not understanding market operation rules like liquidity mentioned above.
Bitcoin breaks through with insufficient volume, patiently waiting for the explosion of the altcoin season!
Regarding the ETF, in the past four trading days, capital from the U.S. spot BTC ETF has continued to flow out, reaching $1.51 billion. During this period, the largest outflow was from FBTC, totaling $510 million; followed by ARKB, which had an inflow of $286 million. In terms of market conditions, Bitcoin is rebounding on low volume, which is not a healthy trend. Overall market demand is insufficient, and we need to observe the volume situation in the future. If low volume continues, it will be difficult to maintain the rebound trend. Today, U.S. stocks are closed, and the market is not very volatile; the real supply and demand situation will only show after U.S. stocks reopen. Regarding altcoins, there is a correlated trend, with capital recovering somewhat, but the overall market enthusiasm for speculation is not high, and the profit effect is weak, primarily based on correlation.
If you are currently losing money in cryptocurrency trading, spend a few minutes reading this article, and you will find the answer!
Everyone, take a look at my tearful self-reflection after losing 1 million: I realized one thing: there is only one type of person who can get rich trading cryptocurrencies! In the cryptocurrency world, one day is equivalent to a year in the stock market. Those who engage in cryptocurrency trading will no longer have any interest in stock trading. The all-day trading and unrestricted price fluctuations in cryptocurrency fulfill many people's dreams of overnight wealth, which is one of the reasons it is so popular. This also makes losses in cryptocurrency trading a common occurrence. Every investor who enters the cryptocurrency market will experience significant losses, liquidation, and transitions from profits to losses. In the army of cryptocurrency traders, only one type of person can get rich: those who have experienced bankruptcy and then reflect and learn with a great mindset.
The biggest risk before the start of the altcoin season: inability to hold on
Is the altcoin season about to explode? Or is it brewing a bigger downturn? Market trends often emerge in despair, rise in hesitation, and collapse in madness; this is human nature. The delicate trading techniques of Wall Street have made this bull market much calmer compared to previous ones; they can use strong capital and top control to make the market harder to play with, making us feel that this time is different from every other time; but the one thing they cannot change is human nature, because as long as people are involved in trading, they cannot escape human nature. Looking at the market in despair, do you think the market is crazy right now? Holding onto coins is like guarding a widow; whether the trading market is rising, falling, or sideways, it constantly stimulates our nerves. What we can do is choose a strategy that suits us and execute it. At this juncture: holding firm is the right choice, waiting for the explosive altcoin season; exiting is also not wrong, as Bitcoin has already yielded 5-6 times profit. Do not pull others down, it is meaningless. In the end, we only face our own wallets and our own lives. As long as this cycle yields profit and changes or improves our lives, what else is of great importance? The altcoin season lasts one to two months; if you are not on board when it starts, missing it will lead to regret... Strong coins to watch: ZEN PENGU LPT PHA ZEN Want to know when the right time to get in is? Message me! $PENGU $LPT $SUI #比特币市场波动观察 #比特币战略储备 #加密市场反弹
Learn these steps, and you can make 100% profit from cryptocurrency trading!!
Step 1: Add the coins that have been on the list of gains within 11 days to your favorites, but be careful to exclude the coins that have fallen for more than three days, so as to avoid capital fleeing with profits.
Step 2: Open the K-line chart and only look at the coins with the golden cross of MACD at the monthly level
Step 3: Open the daily K-line chart, and only look at the 60-day moving average. As long as the price of the coin falls back to the vicinity of the 60-day moving average, and a large-volume K-line + appears, enter the market with a heavy position.
Step 4: After entering the market, use the 60-day moving average + as the standard, code online, and sell offline. There are three details in total
1. When the increase of the band exceeds 30, sell one-third
2. When the increase of the band exceeds 50, sell another one-third-
3. It is the most important and the core that determines whether you can make a profit. That is, if you buy on the same day and there are some unexpected situations on the second day, and the price directly falls below the 60-day moving average +, then you must leave the market completely, and don’t have any fluke mentality. Although the probability of falling below the 60-day moving average is very small through this method of combining the monthly line with the daily line, we still need to be aware of the risks. In the circle, the most important thing is to keep the principal, but even if it has been sold, you can wait until it meets the buying point again and then buy it back. In the final analysis, the difficulty in making money is not the method, but the execution. "When the price of the currency directly falls below the 60-day moving average, you must leave the market without any fluke mentality," just this sentence killed 90% of people. $LPT $PENGU $POL #比特币市场波动观察 #比特币战略储备 #币安LaunchpoolBIO
The overall market performance over the weekend was quite poor, with only a few projects like zen, dexe, moca, bgb, move, tribe, hype, and a few third- and fourth-tier platform tokens managing to rise in the past week, while most others have been declining. In the last 24 hours, projects that performed relatively well include fxs, ftt, moca, dexe, zec, aave, moodeng, crv, and so on. (1) fxs: Used BlackRock's build for reserves, benefiting from the rise associated with BlackRock and RWA; (2) ftt: Because Musk replied on Twitter that Biden would pardon SBF; (3) moca: Listed on Binance contracts; (4) MOODENG, CHILLGUY, PNUT, and GOAT are all nurtured by Eugene; (5) aave and crv can be considered representatives of the DEFI sector, with aave also being a Trump concept coin. Overall, altcoins have been very weak recently, and market liquidity is severely lacking. It is estimated that the probability of a bull market for altcoins before the end of this year is low, but this is a good time to position oneself, as there will definitely be an altcoin bull market next year; this expectation is too strong.
Will BTC continue to plummet this Christmas? Why have most people been losing money lately?
The drop on Friday + V almost covered the weekend's market; it can be seen that with the double holidays approaching, the liquidity in the cryptocurrency market has clearly weakened, so the market this week should mainly be volatile, and the profit-making effect will be much less than before. On December 20, Bitcoin ETF had a net outflow of 277 million, and Ethereum ETF had a net outflow of 75.1 million. This time even Beichai's 1BIT has been flowing out, which is definitely a key turning point. A very critical turning point, very critical. After the Ethereum Foundation, the second master of market timing has appeared. Sun Yuchen returned 39,999 ETH (143 million USD) from Lido Finance and ether.f, and then deposited all of it into HTX. Since November 10, as the ETH price started to rise, he has deposited 108,919 ETH (400 million USD) into HTX at an average price of £3,674. Currently, he still has 42,904 ETH (139 million USD) being unstaked from Lido, which may soon be deposited into HTX. Sun was also a master of escaping the market at over 4500 ETH back in the day. Although he still holds a lot, this wave should clearly indicate some signs of a peak.
What should newbies pay attention to when entering the crypto world?
The moment you step into the crypto world, you become a candidate for being harvested. This is not your dream launchpad, but a battlefield where countless 'experts' are eyeing your wallet. If you are not calm and rational enough, you will soon become someone else's prey. Remember the following points, and you might just survive; if you don't remember, your tuition fees will be set. 1. Don't think about getting rich overnight: This is not paradise, it's a casino. The temptation of the crypto world is everywhere: someone bought Bitcoin years ago and is now financially free; a certain 'new project' just launched and has seen tenfold returns. But the truth is: 99% of people only see others' glory and not their own shadow of being harvested.
Summarizing the recent market and reflecting on the operation, BTC has dropped to 95,700, where is the bottom?
Yesterday, with the plunge of the US stock market after the opening, Bitcoin also fell below 96,000, and the spot price was as low as 95,700. The reason must be the macro pressure from the US stock market and Bao. ETF data is shown below. On December 19, the Bitcoin ETF had a net outflow of 671 million, and the Ethereum ETF had a net outflow of 60.5 million. No one bought Belle this time, but it did not flow out. The others were all flowing out. FBTC flowed out more than 200 million yesterday. This should be a turning point in this bull market. The first large-scale net outflow of ETFs. Yesterday, another 1 billion US dollars was blown up, of which 900 million were long orders. This time, it should be almost cleared. The Trump encryption project WLFI team currently has 15,597 ETH, with a total value of 53.46 million US dollars, which is its largest holding asset. The average price of the 8,827 ETH purchased actively was $3,678, and the current floating loss is about $2.1 million. Although he is buying, there is a problem. His project expenses are all raised, which means they are free. What exactly this project is for has not been announced yet. Why choose to invest in this way? Is it just to become a weather vane? The purpose of this project is to disclose a transparent address for everyone to follow orders, and finally the profit will be distributed to the WLFI shareholders? The key is that all these purchases are trapped, and no one is profitable. What kind of trick is this? I haven't figured it out yet, maybe it will gradually be unveiled with the subsequent project progress. I won’t share the on-chain data with you. I’ll say that it’s still LTH’s profit margin and supply distribution to Market Interpretation Today’s lowest point is 95700. Structurally, the big cake has broken the short-term upward trend. Once this two consecutive negative K-line combination comes out, it can basically declare a stage top. Then 108000 should be the top of this month or even next month. There will be fluctuations in the future. It is impossible to go down directly at once. There will be another second top or right shoulder, but the head should be confirmed. The pressure of the subsequent rebound at this position is a little more than 99000, and the next support is 94000-95000. There may be a technical repair rebound at the weekend, and it may continue to hit a new low next week. $POL $ME $MOVE #加密市场回调 #比特币战略储备 #圣诞行情预测
Plummeting, Liquidation, Exiting, Surge, Missing Out! Why Did Bitcoin Plummet and Is There Still an Opportunity for a Surge?
The recent decline of Bitcoin from 108,000 to 100,000 is exactly the same as the decline from 98,000 to 90,000 last month. For an asset as cyclical as Bitcoin, large fluctuations are normal. As long as you can find the reason behind each rise or fall, you can remain unfazed. For me, wasn't this what I just experienced last month? I already know what will happen next, it's boring!
Let's first talk about last night's decline. Although the market was in a panic, and altcoins were scared out of their wits, I really think it's nothing, just a normal correction. If we set aside the several negative events from last night and compare it with the Bitcoin price action during the period from November 21 when it surged from 90,000 to 100,000, you'll notice that Bitcoin always goes through a major correction before reaching significant milestones.
1. Retracement and Rebound Method: After a significant rise or fall in the market, there will often be a brief retracement or rebound trend. Capturing such opportunities is a stable and easy way for us to profit. The main indicators used are candlestick patterns, and a very good market sense is required to accurately judge the stage's high or low points. 2. Time Period Method: Generally, the early morning and afternoon sessions have smaller fluctuations, making it easier to grasp the market, suitable for investors with a mild temperament, though the downside is the extended time for order profit, requiring sufficient patience. The evening and early morning sessions have intense fluctuations, allowing for quick profits and multiple operation spaces. This method is suitable for aggressive investors, but the downside is that the market is hard to grasp, making it easy to make mistakes, thus requiring a higher level of technical skills and judgment ability. 3. Oscillation Method: The market is mostly in a state of oscillation, and the basic method for stable profits is to buy low and sell high within the oscillation range. The indicators used are BOLL and box theory. The premise for success is to accurately find the bullish support based on various technical indicators and patterns. The principle for trading in oscillation is short-term buying and selling, avoiding greed. 4. Resistance and Support Method: When the market encounters significant resistance or support, it often gets stuck or supported. Entering orders when encountering resistance or support is a common method we use and is a universal method for stable profits. The indicators used are trend lines, moving averages, Bollinger Bands, and parabolic indicators, requiring very accurate judgments of resistance and support. 5. Trend Breakthrough Method: After a prolonged period of consolidation, the market will eventually choose a direction. Entering after the market chooses a direction is a quick method for stable profits. It requires good judgment skills for trend changes, a stable mindset, and avoidance of greed and fear. 6. Unilateral Trend Method: After the market breaks out of the consolidation, it will choose a direction. Once a unilateral trend is formed, trading in the direction of the trend is an unchanging truth. Every time there is a retracement or rebound, it is an opportunity to enter orders, providing a good guarantee for stable profits! The technical indicators used are: candlesticks, moving averages, BOLL, trend lines, requiring proficiency in mastering the above indicators. $ENA $SOL $POL #加密市场回调 #圣诞行情预测 #加密用户突破1800万
BTC hits new highs, aiming for $130k! Altcoins generally decline; which coins are worth buying in the future?
Bitcoin breaks new highs, reaching $108,000. American capital keeps buying heavily at high positions, optimistic about future market trends. The upward momentum seems to be weaker than I expected, and technical indicators are also at high levels. However, the platform from $110k+ to $130k must be reached, and it is reasonable for the market to fluctuate between $3,000-$5,000 during consolidation, with a gap to fill between $102,000 and $105,000. This fluctuation of a few thousand dollars is not significant for Bitcoin, but it could be disastrous for altcoins. (1) Bitcoin hits new highs, altcoins decline. Bitcoin surged to $108,353, but altcoins including ETH, SOL, DOGE, etc., did not rise and even declined. Many small coins have not recovered since the big spike on December 9, falling out of the stage of making new highs to restore valuation after minor dips.
When will the altcoin season in the crypto market erupt? What trading opportunities do retail investors still have?
What is altcoin season? My understanding is very simple. 1. First break through the price peak of March. 2. Then break through the historical high of 2021. 3. The process involves capital inflow - capital outflow Funds flowing into BTC ➩ BTC's dominance increases ➩ Altcoins are drained ➩ Altcoins fall Funds flowing out of BTC ➩ BTC's dominance decreases ➩ Altcoins attract liquidity ➩ Soaring prices
This chart is based on statistical analysis of the performance of the top 100 tokens by market capitalization, dividing these tokens into two categories: 'those that have broken through the price peak of March' and 'those that have not broken through the price peak of March,' each with 50 tokens. The data comes from the relevant information displayed in the chart.
The recent bull market has become clear, many new and old investors are returning to the market, and today I will share some investment methods with you.
1. Coin Hoarding Method: Suitable for both bull and bear markets: The coin hoarding method is the simplest yet the most challenging strategy. It is simple because it involves buying a certain coin or several coins and holding them for over six months or a year without any operations. Generally, the minimum return is tenfold. However, newcomers often find it hard to resist high returns or panic when a price drops significantly, planning to switch or exit, making it difficult for many to hold for even a month, let alone a year. Therefore, this is also the most difficult aspect. 2. Bear Market Buying Strategy: Suitable for a bull market: Use a portion of idle money, preferably no more than one-fifth of your capital. This strategy is suitable for cryptocurrencies with a market cap between 20-100, as they are unlikely to be stuck for too long. For example, if you buy the first altcoin and it rises by 50% or more, you can switch to the next coin that has dropped significantly, and so on. If your first altcoin gets stuck, just wait; a bull market will surely release it. However, the chosen coins shouldn't be too risky, and this strategy can be hard to control, so newcomers should be cautious.