Everyone is asking Brother Niu to post another analysis of Bitcoin so that they can open orders according to the analysis and trend. Brother Niu will now tell you in detail the three possibilities of Bitcoin's current trend (Figure 2 connects to the previous analysis, and the first analysis is also pinned):
Brother Niu previously speculated that Bitcoin's lowest drop range was approximately 83200-85250, and then Bitcoin's lowest correction reached 85159.9, which has fallen to the target range, so it is the first possibility: 85250 has met the needs of retracement, and now it is oscillating, and then rising.
When Brother Niu wrote this post, Bitcoin was already rising, but in my opinion, if Bitcoin cannot reach 92000 within a period of time. Then it is the second possibility: 85250 is not the low point, continue to look for low points, but the premise is to break 87520!
The third possibility is simpler, similar to the first one, the price of Bitcoin's oscillation will become smaller and smaller, forming a triangular convergence pattern. The subsequent trend depends on how it goes, whether it is a breakthrough or a decline. If this pattern appears, the estimated price will fluctuate around 90,000.
Brother Niu’s previous blog post is pinned. The callback will be before the 16th, and it will be safe to open longs after the 16th. Now is not a safe period. If the position is not good, you will be shocked to death. As for 10w, Brother Niu estimates that it will be reached around the 23rd, and then start to fluctuate downward.
If you understand, you will know how to escape the top and buy the bottom.
Brother Niu's speculation has come true one by one. It started to fall in the evening, and it fell a little early by one or two hours. After the opening of the US stock market last night, the big cake pulled up to the top of 89900-90500 in the early morning.
Now the overall trend is to fluctuate downward. The big cake correction will only happen in the next two days. It is estimated to be in the range of 83000-85250. For the copycat spot and contract, it is recommended to buy the bottom and go long and take the spot after a drop of 20%. Of course, there is no need to go to the bottom.
The characteristic of the bull market is that the correction is very fast. After the correction is in place, the big cake will go to 100,000. You said it might fall to 78,000, but this wave of correction will not reach it. It is expected to fill the gap of 78,000 at the end of the month or the beginning of next month at the latest.
The overall order-making idea has been given to you for the past few days. If you want to follow it, you can send a private message to Niu Niu.
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Brother Niu summarized the recent market situation and various news to consider how to layout the next steps and avoid the peak.
On November 6, Trump was elected, and on that day the market peaked at around 76,400. This surge was driven by the favorable news of Trump's election.
Then, from November 7 to November 9, did you notice the insufficient upward momentum? The positive data expectations had already been exhausted, so during these three days, the peak only reached around 77,150.
On November 10, the reason for the market surge that day now seems to have been foreshadowed, as Tether issued 200 million USDT, and the subsequent issuance of another 200 million USDT led to an increase of about eight points, reaching around 83,000.
The surge on November 12, which is today, was due to Tether issuing another 200 million USDT ten hours ago, bringing a large amount of capital into the market. Additionally, at 5:20 AM, Trump announced even more space for cryptocurrency and a more relaxed policy, leading to a surge to 89,530.
Why does Brother Niu want to review the surge for you? Only by understanding the general operation behind the surge and keeping up with the times can one avoid being crushed by the wheels of history. Coupled with a discussion with a senior big shot, this article presents the next outlook:
Look at the altcoins. Brother Niu still has losses from March, and many altcoins have not returned to March's prices. Bitcoin will not suddenly reach 120,000; there is still a gap around 78,000 that hasn't been filled (as shown in the image below). This gap is expected to be filled around November 23, and those who are still on the sidelines can consider getting in around this time.
As for the current operation, after today, a short-term rebound to around 82 can be a buying opportunity. Brother Niu's view is that tonight Bitcoin will follow the US stock market and surge again, expected to reach the position of 89,900-90,500. Brother Niu is hesitant to set a target of 9.4; the bull market is undeniable, all the favorable data has been consumed, and unless there are unexpected developments, this round of increases is expected to peak at the positions above, followed by a period of turbulence and decline.
Of course, what Brother Niu provides is just personal opinion. If you agree, please follow; if you don't, that's okay, after all, 'different opinions for different people.'
$TURBO One week time, almost doubled, Brother Niu only focuses on coins he is confident about.
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$TURBO
Bull, currently taking profits on half, the remaining pattern looks like a peak.
$NEIRO
Bull, same as above. The bull never backtracks.
On Tuesday and Thursday, I reminded everyone to go all in on meme coins, if nothing else, at least to hold a heavy position.
Those with large funds and positions basically buy into multiple sectors, this way they won't miss out.
The bull openly calls out, and everyone in the regular group has been notified, no one is eating alone.
Unfortunately, you like to stubbornly stick to one coin. In this kind of market, if you want to grow with small funds, you have to frequently switch tracks and change positions. Large funds can buy casually, but they also need to run away in time, otherwise your funds will be trapped, or you'll lose profits.
Detailed analysis of the daily market on 2024.12.11
As of now, BTC is around 98,000 and Ethereum is around 700. It is very likely that Bitcoin will continue to fall to around 94,500, and many altcoins will be cut again!
The market will still fluctuate at a high level and then fall in the early morning. Bitcoin has a strong support at 94,000-93,000, and Ethereum has a strong support at 3,500. As long as it does not break, the market outlook is still optimistic, but if it falls below 93,000, then I will look at 88k first.
Pressure and support BTC pressure 98,500/98,700/100,000. You can enter the first position near 93,000. If the situation is not right, run away immediately.
Support 96,800/94,500/93,000. If Bitcoin falls to around 93, you can also try to buy the altcoin spot at the bottom. ETH pressure 3750/3830/3950 Support 3640/3580/3500 For short-term contracts, you can make a little profit and leave. Don't have a pattern, because the pattern often leads to profit-taking.
Spot This round of decline has hit the altcoins hard. Yesterday, Binance removed the inscription area. Someone asked Niu Ge whether sats would rise again. I dare not look too high. I can only look at the previous high. The inscription area was removed. Is Binance cleaning it? What's the next one?
Almost all altcoins have a callback of about 20-30%, except for a few new coins that have been listed recently. $USUAL is the hardest. Those who entered the market at 0.23 for the first flight skirt have held it until now. In addition, the turbo and ena promoted by Niu Ge some time ago have rebounded strongly. $TURBO is even about to break the historical high.
The market is not stable at the moment, so Brother Niu has been basically silent these days and has not spoken much. If you are anxious, you can talk to Brother Niu. Brother Niu can help you relieve the communication. If you are playing contracts, don’t talk to me because there is no way to solve the anxiety.
The market capitalization share of Bitcoin has now fallen below 56%, and the situation is not optimistic; it may significantly decline to 88 or even 78.
ETH Major Resistance (D. Trend Breakthrough) 13.38%
Due to the loss of momentum in ETH regarding Dominion, and the selling pressure from Bitcoin, it has had to follow the decline of ETH.
The downward trend is still continuing. We can say that its movement is now linked to BTC. The bull is unsure when it will walk independently again, but he can understand this through immediate analysis in the coming hours and days.
The situation with USDT is also changing; although there is a slight pullback now, the overall trend is upward. If it can stabilize at the current level, it would be good for the market. However, if it hits the 3.90 point and closes below that for at least 4 hours, the downward trend will begin, which could have a significant impact on the market. If its dominance exceeds 4.19%, it will bring negative effects to the market.
The altcoin market is also not optimistic, with important resistance at 1.11 trillion dollars, and the intermediate resistance at 1.03 trillion dollars; the downward trend has not stopped. There isn't much large capital flowing in right now, but in this situation, some rare coins may see price increases. Be careful, folks, don't rush into altcoins blindly just because you're afraid of missing out on opportunities.
Brother Niu reminds everyone not to think that the bull market is over, that the market will rebound, or that seeing some positive data means you should trade recklessly. You should know that the market is always there and won't run away. If you are too eager during a downtrend, you might suffer a big loss. I’m not saying you should never enter the market; just wait a bit. It's best to enter when the market stabilizes.
In the morning, I asked everyone to buy the bottom of $PEPE in the small group. Now I have held it. Musk started to praise Pepe.
Some people also asked Brother Niu what he bought the bottom of in private chats. Brother Niu also said what he bought. If you don’t understand which one, I will directly ask him to buy $1MBABYDOGE .
I like to look at naked K more and more recently. Naked K is still suitable for me and is not disturbed by other indicators.
If you want to join, you can send a private message to Brother Niu. It’s spot. Brother Niu doesn’t bring contracts now. Cherish life and stay away from contracts.
93 hasn't broken, but I'm feeling a bit anxious right now, what should I do?
18 If there's no announcement of a rate cut, 88? Or still 78?
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If the big coin falls below 98K, the downward trend will become more severe. The recent support levels at 95K - 93K are enough to clear the first batch of long positions, but if it continues to fall below this level, 88K is waiting for us.
Now the big coin needs a 4-hour candle closing price above 100,000 USD to gain upward momentum.
Actually, the most important thing is Auntie. If Auntie keeps falling, the big coin will collapse, starting with a position at 3785.
Managing your position well is very important, my friends. Unless in extreme cases, don't go all in; leave some USDT for averaging down. After all, the overall spot market has entered a correction and consolidation phase, and we are now at a decision-making point. In the past, when prices rose, you didn't dare to chase; now that they have fallen and corrected, what about those who bought at high prices? Don't you need to average down to lower your cost?
In the secondary market, we must understand one principle: you can hardly buy at the lowest point and sell at the highest point, unless you are a whale. Even many project whales do not know where the high point is. With market fluctuations and capital inflow and outflow, many things have become uncertain!
Here are the suggestions from Brother Niu:
First, you must control your position well. Personally, I am currently at about 65% to 70% of my position. Secondly, for friends with lighter positions, you may consider averaging in some spot within the range of 3780 to 3735 according to a certain ratio. For those with heavier positions who did not exit at high prices, you can continue to hold, or take advantage of the correction to exchange your assets for some strong coins. Furthermore, absolutely do not engage in contract trading. Investors who are stuck in long positions can only hope for luck. Also, try not to add margin; just stick to the original trading strategy when you opened the position, as in such a complex and volatile market, it is easy to encounter significant price spikes. Finally, during a bull market, wash trading is very common, so maintain a good mindset. You are not the only one facing a drawdown; in fact, everyone is experiencing it, and many are suffering even greater losses than you.
When averaging down, still focus on artificial intelligence, Meme sectors, and traditional mainstream coins as the main choices.
Follow Brother Niu to stay on track, sharing valuable insights daily.
If the big coin falls below 98K, the downward trend will become more severe. The recent support levels at 95K - 93K are enough to clear the first batch of long positions, but if it continues to fall below this level, 88K is waiting for us.
Now the big coin needs a 4-hour candle closing price above 100,000 USD to gain upward momentum.
Actually, the most important thing is Auntie. If Auntie keeps falling, the big coin will collapse, starting with a position at 3785.
Last week's market review Last week, Bitcoin directly surged to around 104000 in one day, which completed the consensus of many people. Large institutions entered the market, and BTC reached 100000, so it is very likely to start a long-term high volatility. ETH is moving in a volatile upward channel trend, and has reached a key daily resistance level. That's how a bull market is, constantly raising the bottom price, constantly washing out contract leveraged players up and down, so holding spot is the most stable and safest. On Saturday and Sunday, the market was mainly volatile. Our ETH has already broken the 4000 mark, and the next major resistance point is the historical high of 4800. It will definitely break through, although it is cold winter now, but altcoins are already in spring, and many coins have returned to their highs from March this year!
Bull, currently taking profits on half, the remaining pattern looks like a peak.
$NEIRO
Bull, same as above. The bull never backtracks.
On Tuesday and Thursday, I reminded everyone to go all in on meme coins, if nothing else, at least to hold a heavy position.
Those with large funds and positions basically buy into multiple sectors, this way they won't miss out.
The bull openly calls out, and everyone in the regular group has been notified, no one is eating alone.
Unfortunately, you like to stubbornly stick to one coin. In this kind of market, if you want to grow with small funds, you have to frequently switch tracks and change positions. Large funds can buy casually, but they also need to run away in time, otherwise your funds will be trapped, or you'll lose profits.
The public shout on November 27 has already flipped the account
Ten days to flip the account, buddies.
$ENA
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I forgot one of the best coins from yesterday, ena
Friends, do you still remember the number drawn by Niu Ge $ENA
The curved bottom, right?
It's so standard, bulldozer mode, rising little by little every day.
ena is a synthetic dollar protocol built on Ethereum, launching the stablecoin USDe pegged to the dollar at a 1:1 ratio, with its collateral consisting of an equal amount of long spot ETH and short futures ETH, achieving a hedge to become 'Delta neutral', so that regardless of ETH price fluctuations, USDe can maintain stability.
Now it has come down to a major resistance level; wasn't it already half or a third closed before? The remaining pattern is held, with the goal being a historical new high, definitely a major bull coin in this bull market.
I forgot one of the best coins from yesterday, ena
Friends, do you still remember the number drawn by Niu Ge $ENA
The curved bottom, right?
It's so standard, bulldozer mode, rising little by little every day.
ena is a synthetic dollar protocol built on Ethereum, launching the stablecoin USDe pegged to the dollar at a 1:1 ratio, with its collateral consisting of an equal amount of long spot ETH and short futures ETH, achieving a hedge to become 'Delta neutral', so that regardless of ETH price fluctuations, USDe can maintain stability.
Now it has come down to a major resistance level; wasn't it already half or a third closed before? The remaining pattern is held, with the goal being a historical new high, definitely a major bull coin in this bull market.