Did you catch up? The evening analysis is provided in advance. There is already a space of 1500 points.

Microsoft Bitcoin Proposal: Key Vote on December 10, Is BTC Likely to Break $100,000 by Year-End?
Market Background: Bitcoin's Wild Fluctuations Have Drawn Attention!
On December 2, the price of $BTC experienced significant volatility, dropping from a high of $98,000 to $94,872, with a single-day pullback of over $2,000. This dramatic adjustment not only heightened market tension but also sparked intense discussions surrounding Bitcoin. Opinions from several notable figures have once again taken the spotlight, such as the pessimistic prediction from Robert Kiyosaki, author of 'Rich Dad Poor Dad', who believes Bitcoin may face short-term risks, creating some pressure on market sentiment.
However, the market's real 'explosion point' may be revealed on December 10: Microsoft will vote on a proposal to 'evaluate investment in Bitcoin' at its annual shareholder meeting. This decision is expected to be a turning point for Bitcoin's price.
Potential Impact of Microsoft's Proposal:
1️⃣ A Catalyst for $BTC to Break $100,000
As a giant in the tech industry, if Microsoft passes this proposal and includes Bitcoin on its balance sheet, it could not only provide endorsement for mainstream institutional investment but also inspire other large corporations to follow suit. This move would significantly increase the market demand for Bitcoin and enhance global acceptance.
2️⃣ Accelerating the Institutionalization Trend of Bitcoin
From pioneers like Tesla and MicroStrategy to potential new entrants, if Microsoft ultimately implements Bitcoin investment, it will further solidify the dominance of institutional investors in the cryptocurrency market.
3️⃣ Repairing and Enhancing Market Sentiment
Currently, although the price is fluctuating, Microsoft's positive signal may reshape investor confidence and attract more funds into the market.
Current Market Observations and Outlook:
Short-term Support Levels and Strategy:
Before the voting results are announced, Bitcoin's price may continue to oscillate around the $94,000 to $96,000 range, and if the proposal is passed, the price could quickly challenge the psychological barrier of $100,000.
Long-term Layout Opportunities:
Regardless of whether the proposal is passed, the trend towards institutionalization has already been established. Microsoft's potential entry will further drive the maturation and growth of the market.
Do you think Microsoft will support this Bitcoin proposal? Is $BTC likely to break $100,000 by year-end?

Cryptocurrency mining chip design company Nano Labs (Nasdaq: NA) plans to purchase and hold $50 million worth of Bitcoin over the next five years, stating that this strategic decision reflects the company's confidence in Bitcoin as a long-term store of value and a foundational asset of the Web 3.0 ecosystem.

The bull market has arrived, and pullbacks are just opportunities! The foundation of speculation is to follow the trend in the short term and adjust for the main time window; just getting one right can lead to big profits, but if the direction is wrong, all efforts are in vain. If the direction is correct, you can achieve twice the result with half the effort; once the trend changes, we always turn around in time and act in accordance with the trend. It's important to remember that the market is always right; it depends on how we grasp it. Do not risk everything against the trend, or you will ultimately be severely punished by the market.

Old Wang's evening analysis has more than 700 examples, those who are cautious can secure their profits first!

Trump once questioned cryptocurrency, but later changed his stance after receiving massive support from digital asset companies during his campaign, promising to support cryptocurrency and to make the United States the 'crypto capital' and a 'bitcoin superpower.' Disclosure in August showed that he holds Ethereum worth between $1 million and $5 million, and his family is also a supporter of the World Liberty Financial project, which will grant them 22.5% of the cryptocurrency from that project and 75% of the subsequent net income.

Musk, who has been nominated as the head of the U.S. Department of Efficiency, is known as the 'Godfather of the Coin Circle.' Additionally, candidates for various departments such as Vice President Vance, as well as nominees for Health, Commerce, Defense, and Intelligence, have also publicly discussed their connections to cryptocurrency. Katz from the research firm Capital Alpha Partners stated that many core members of this administration were enthusiastic about cryptocurrency even before entering the government, and even if they sold assets, they hope for its good development.

12.2 Evening Analysis

From the daily chart, Bitcoin has been forming small doji candlesticks for several consecutive days, indicating that the market has established a range-bound pattern between 9.5 and 9.8.
Although the price can remain above the MA5/10-day moving averages, it has not yet had the opportunity for a significant upward movement.
On the 4-hour chart, Bitcoin's price has retraced to the MA30-day moving average, and attention should be paid to the loss of this line during the day.
At the same time, the 1-hour chart has also retraced to the MA256-day moving average, which was repeatedly mentioned in last week's analysis article as the line around which contention would occur.

Old Wang's analysis suggests that Bitcoin should retrace to around 94200-93500, with a target of approximately 96000—97500.

Auntie suggests a retracement to the 3560-3520 region, with a target of 3630-3680.

At this stage in the cryptocurrency world, be cautious and avoid pitfalls!

Who has bought PNUT, ACT, USUAL, MORPHO, MEMEFi, raise your hand! Who has been trapped, please stand up!

During the phase of transition between bull and bear markets, there are the most traps. In this phase, many people get blinded by money, price increases, popularity, and excitement; perhaps some people have no understanding of this area at all. Blindly following the market's popularity can lead to being trapped without any way out. If you are in the financial market, you should first understand the financial market. The financial market is a profit-driven entity, not a charity. Why does a coin need to generate so much hype and push the price so high right from the start? Is it to help you make money? No, brother, it’s to make money for capital. Increasing the hype around a coin will attract more retail investors and funds into the market, injecting more capital into a project, so that they can cash out at high points, leaving retail investors to pick up the shares at those peaks! Now you understand what it means to be a bag holder, right?

So, do not blindly follow the market's hype. If you don't understand, just honestly participate in the secondary market, focus on popular mainstream coins or altcoins, at the worst prices, wait for the next cycle, and there’s a high probability that you will break even. Don’t be tempted by those dreams of making a thousand times returns; investing in obscure projects, on-chain projects, or new coins has chances of striking it rich, but 99% of the time, it’s just a way to harvest your money!

Don’t be stupid when speculating in cryptocurrencies in a bull market! Avoid these 14 pitfalls and earn 20% more!

In the bull market of the cryptocurrency circle, the temptation of crazy wealth growth makes people’s heart beat faster, but 99% of people make mistakes and fall in the madness, giving up the profits that should have been in their hands. Get rid of these fatal bad habits, and you can make steady profits in cryptocurrency speculation!

1. Forced to get on the train without buying points: Seeing a potential coin, but not waiting for the opportunity to enter the market, you are afraid of missing it, and you rush to chase high, and you only have it in your heart and eyes. Little do you know that impulsive entry often leads to "standing guard on the top of the mountain".

2. "Price-only theory" of value investment: engage in value investment, but only focus on price fluctuations. When it rises, you are full of joy, and when it falls, you close your eyes and ignore the fact that the big cycle has peaked and the valuation is overdrawn, and search for good news to paralyze yourself.
3. Become a stubborn bull after being stuck in a transaction: When a transaction is stuck, it instantly turns into a stubborn bull, and cannot bear to hear any bearishness. Reason is carried away by emotions, blindly believing in more, and missing the opportunity to get out of the trap.
4. Holding on to losses: Misjudgment, should have stopped loss, but kept a close eye on the account, only allowed to make profits but not losses, resulting in short-term dragging into long-term, and the hole is getting bigger and bigger.
5. Being "pitted" by a certain coin: After being "cheated" by a certain coin, there will be a great opportunity in the future, but there will be a grudge and never touch it again, letting go of the opportunity to make money in vain.
6. Selling without admitting: Selling flying coins in the short term, knowing that there will be a big market in the future, and the additional cost is not much, but not chasing out of anger, letting the profit slip away.
7. Blindly all in: I want to buy every day, and I invest randomly without a suitable buying point, and I have to drain the account without considering the risks.
8. Impatient: I can't hold the coin, and I panic when there is a slight fluctuation in the short term, and I frequently operate, wasting the handling fee in vain.
9. Stubbornness: After losing money for a long time in a certain trading mode, they still don’t change their thinking and go all the way.
10. Bet in anger: After losing money continuously, they are blinded by evil and increase their chips, hoping to make back their investment, but they are often stuck in the quagmire.
11. Be greedy for small gains and lose big gains: After earning 18 points, they ignore the exhaustion signal and are willing to stop profit until they have accumulated 20 points. As a result, the market reverses and the profit shrinks sharply.
12. Mindless replenishment: 10% of the position is trapped by 5 points. Without understanding the trend, they blindly replenish their positions, fantasize about making back their investment, and finally they are deeply trapped in heavy positions and unable to save themselves.
13. Mistaking chance for inevitability: Based on an accidental success, they believe that the method is invincible, and they don’t admit it when they are slapped in the face later, and they go all the way down the wrong path.
14. Deeply troubled: Regret for a long time for trading deviations, repeatedly entangled, and have no intention to plan the next step, which delays the opportunity

Last week (2024.11.22 - 2024.11.29) global asset performance: major economy stock markets had mixed results, with the Shanghai Composite Index rising 1.8% leading the gains, the S&P 500 and Hang Seng Index rising 1.1% and 1.0% respectively, while the Nikkei 225 fell 0.2%; COMEX copper rose 1.4%, London gold spot and IPE Brent crude oil futures fell 2.4% and 3.1% respectively; the yield on U.S. 10-year Treasury bonds fell to 4.18%, down 23 basis points, domestic 10Y Treasury futures rose 0.15%; the U.S. dollar index fell 1.6%, closing at 105.8, while the yen and renminbi appreciated, with the dollar to yen at 149.8 and the dollar to renminbi at 7.2.

Economic aspect: U.S. personal disposable income and consumer spending rebounded year-on-year in October, PCE and core PCE price indexes rebounded; new home sales significantly declined, and the S&P/CS home price index continued to fall year-on-year; durable goods and core capital goods new orders turned positive and rebounded year-on-year.

Inflation expectations declined, with U.S. 5-year inflation expectations at 2.33%, down 10 basis points, and 10-year expectations down to 2.26%, down 8 basis points. Expectations for interest rate cuts rose, with the probability of the Federal Reserve cutting rates by 25 basis points in December rising to 66%, and the total rate cut expectation for 2025 recovering to 50 basis points.

Europe: In November, the Eurozone HICP rebounded year-on-year, while core HICP remained flat; the economic sentiment index slightly rebounded, and the EU's crude steel production increased year-on-year in October.

Policy aspect: The Federal Reserve and the European Central Bank may cut rates in December; the Bank of Japan's pay rise is a key to rate hikes; the Reserve Bank of New Zealand cut by 50 basis points, the Bank of Korea cut by 25 basis points, and the Central Bank of Nigeria raised by 25 basis points.

XRP sees an astonishing surge, and the trending Meme coins within the Ripple ecosystem undoubtedly hold greater attention value (with detailed participation guide)

In terms of market capitalization, ARMY is undoubtedly the most prominent presence in the XRP ecosystem at the moment.

Its narrative style is simple and direct, aiming to rally XRP holders to unite and form a powerful "army" (ARMY). Its slogan "We are not a Meme, we are Army" cleverly creates a unique charm with the double rhyme of the English word endings, while also exuding a strong marketing (CX) vibe.

The goal is set for XRP to soar to $589: this project was created just 1 day ago.

The current market capitalization has reached $8 million.

In the past 24 hours, the trading volume has reached $10 million, and the price increase has even reached 160%.

In the world of investing, refraining from action can be considered a supreme realm. 'Not acting' is, in fact, one of the most challenging types of action. Frequently buying and selling is quite a challenge, and accurately buying low and selling high is even harder, but 'not acting' is even more difficult, especially when market trends are strange and changeable, fluctuating unpredictably. In such circumstances, maintaining calmness and composure is no easy task. However, often in hindsight, one realizes that the 'not acting' during that time was actually a very wise decision. That period was precisely the most agonizing and the greatest test of an investor's patience — the 'darkness before dawn.' If one can successfully endure the severe test at that time, the 'money path' in the future will surely be smooth. It must be said that 'not acting' is a highly demanding operational strategy for investors. It seems effortless and relaxing, yet it contains very high requirements. To achieve such 'not acting,' investors must diligently cultivate their internal skills, hone their determination and patience, and deeply understand the essence and laws of the market, so they can uphold their true selves amidst the ever-changing waves of investment and patiently await the moment when dawn breaks and flowers bloom.

Only you, the direction is still undecided, the trend is still difficult to grasp, every moment is filled with confusion! Do not easily give up any opportunity, as they might be your only turning point. Seize the opportunity!

12.2 Afternoon current price of Duodan can be entered! Target 97000-98000

12.2 Midday Analysis

The daily K-line shows multiple long upper shadows, indicating that there is certain selling pressure above.

MACD: The hourly MACD shows signs of a death cross, and the histogram has turned from positive to negative, which may face pullback pressure in the short term.

The price is currently between EMA7 and EMA30. If it breaks below EMA7 (97078.66), it may test lower support levels.

Old Wang's analysis suggests that Bitcoin may retrace to the 96000-95000 area, with a target of 97200—98000.

Auntie may retrace to the 3660-3610 area, with a target of 3730-3780.

​

Perpetual Contracts in the Crypto World: Opportunities and Pitfalls

In the crypto world, perpetual contracts are highly controversial. As a firsthand experiencer of contract trading, I am well aware of their complexity.

In the crypto space, perpetual contracts are the focal point. Some see it as a shortcut to wealth, while others view it as a path to bankruptcy. Spot and contract traders often blame each other.

Perpetual contracts are similar to futures but have no delivery date, allowing for flexible trading. You can go long or short; if you accurately predict the market, you can profit. For example, if you predict a certain coin's price will rise, you open a long position, and if it rises, you profit, and vice versa.

However, they come with significant risks. Leverage is highly attractive but can also be deadly. Exchanges offer leverage from 1 to 125 times, allowing small amounts to control large positions, but with 100 times leverage, a 1% price fluctuation can lead to massive gains or liquidation of assets. Many people increase their leverage after losses at low leverage, resulting in accelerated liquidation.

Funding rates and transaction fees should not be underestimated. Funding rates are used to maintain the balance between contract and spot prices, adjusting every 8 hours, with both long and short positions paying accordingly. Transaction fees are charged in both directions; for example, Binance charges a taker fee of 0.05% and a maker fee of 0.02%, increasing trading costs.

The risk of liquidation is particularly frightening; if the price hits the liquidation line, the exchange will forcibly close positions, resulting in capital going to zero while incurring high fees. Therefore, setting a stop-loss price is crucial.

Not everyone is suited for perpetual contracts. People with poor self-control, strong competitiveness, high financial pressure, and severe emotional issues often find themselves in difficulties, as for them, this is not an opportunity but a dangerous trap.

Cryptocurrency Withdrawal Safety Guide: Avoid Pitfalls and Secure Your Funds

Investing in cryptocurrency, successfully withdrawing funds is crucial for protecting assets. Here is a safety withdrawal guide for you:

1. Choose Compliant Platforms: Prioritize platforms with well-known regulatory licenses, such as Coinbase, which is regulated by the US FinCEN. Also, check the platform's reputation and avoid problematic platforms.
2. Abide by Tax Regulations: Be clear about the cryptocurrency trading tax requirements in your area. For instance, the IRS considers it property; profits from trading are taxable, and you must keep transaction records.
3. Seize the Right Timing: Avoid withdrawing funds during major market fluctuations. Pay attention to platform maintenance and policy adjustments, and steer clear of restrictions or upgrade periods.
4. Use Diverse Methods: For bank transfers, choose major banks, verify information, and understand bank policies; for third-party payments, select trusted institutions and be aware of fees, limits, and security mechanisms; for example, PayPal has regulations in collaboration with specific platforms in certain regions.
5. Ensure Strong Account Security: Enable multi-factor authentication for trading platforms and wallet accounts, regularly change to strong passwords to prevent hacking.

In summary, be cautious and patient when withdrawing funds in the cryptocurrency world. This can reduce risks and ensure the safe retrieval of funds.

A cryptocurrency trading winner is worth over a hundred million, and their experience can be considered the essence of trading, worthy of being treasured!

Firstly, focus on strong cryptocurrencies when trading. If it's hard to choose, refer to the 60-day moving average. Consider entering or increasing positions when above the line, and withdraw promptly when below; this method has proven effective.

Secondly, for cryptocurrencies that have risen more than 50%, do not rush to chase the highs, as it can lead to passivity. Entering at lower levels is more prudent, with controllable risks and potentially greater profit margins.

Thirdly, there are often signs before a big rise, such as price fluctuations within the 10%-20% range, accompanied by reduced trading volume. Gradually building positions at lower levels during this time can likely allow you to enjoy subsequent gains.

Fourthly, when new market hotspots emerge, initial enthusiasm will be high; closely follow the direction of large capital flows for easy profits.

Fifthly, when a bear market arrives, one must restrain operations and take a break for at least six months. During unfavorable market conditions, reducing trading clearly shows the style of a master.

Sixthly, review weekly, focusing not on profits and losses, but on the correctness of strategies. If correct, hold firm; if incorrect, adjust. After several months, trading strategies will naturally tend to mature and stabilize.

For newcomers to the cryptocurrency world, it's essential to remember these efficient trading maxims:
"Buy horizontal, buy dips, don't buy vertical; the selling point is where it boils;
Continuous small rises are real rises, continuous large rises mean to exit;
Significant surges require pullbacks; don't dig deep pits, don't buy big;
Main rises accelerating need to see peaks; sell quickly on sharp drops, sell slowly on soft rises;
Sharp drops with low volume are intimidation; slow drops with high volume mean to retreat quickly;
Price breaking through the lifeline, don't hesitate to make a swing trade;
Look carefully at daily and monthly lines, build positions alongside the main players;
Volume-price attacks without volume, main players lure more, don't stand guard;
Low volume new lows signify bottoms; increasing volume recovery means to enter."

In the cryptocurrency world, the simpler things are often the most effective, and these maxims are the crystallization of wisdom. Mastering them and applying them in practice will surely help to avoid many detours and ensure a smooth journey in cryptocurrency trading.

Recently, there has been a flurry of news about Shiba Inu Coin (SHIB), with rumors of destroying 99% of the tokens causing a stir in the market and igniting enthusiasm among many.

Currently, the market capitalization of SHIB has reached 15 billion dollars, and its destruction efforts are accelerating, with a large number of tokens destroyed in just a few days.

However, researcher Yayoi Kusama has issued a warning that although it is technically possible to destroy a large number of tokens, excessive destruction could lead to a sharp rise in price. Such a rapid increase in price may cause some investors to feel fearful and choose to retreat, which could be a potential disadvantage for the long-term development of SHIB. This may affect its stability and sustainability in the cryptocurrency market, and could even lead to a series of negative impacts on its subsequent ecological development, user expansion, and market recognition.

Trump seems to have started a 'crypto governance' model.

The current situation in the United States is tricky, with over $36 trillion in national debt, a GDP increment of only $1.42 trillion in 2024, and annual interest exceeding $1 trillion, raising heavy concerns about insolvency. The dollar's hegemony has gradually declined over the past decade, the rise of BRICS nations, El Salvador pegging BTC as legal tender, the EU having a euro settlement system, and the influence of 'dollar tides' waning. Previously, the Federal Reserve's interest rate hikes led to currency devaluation and economic downturns in many countries, with Sri Lanka even going bankrupt.

On January 20, 2025, Trump will take power and may revitalize the U.S. financial position through 'crypto governance'. His measures include:
First step, establishing Bitcoin as a strategic reserve currency. He strongly supports cryptocurrencies during his campaign, and after being elected, he quickly fulfills this promise by: first, designating BTC as a strategic reserve currency like gold; second, enabling major banks to accept BTC as collateral for dollar loans; and third, the Treasury plans to purchase over 1 million BTC over 5 years, accounting for nearly 5.6% of the circulating supply.
Second step, promoting the 'Bitcoin Rights Act'. This will legally protect the assets of users entering the market, attract more funds, boost BTC prices, and influence the policies of other countries, as seen in Morocco, which shifted from prohibition to legalization.