Early review: Bitcoin's weekly K is about to break through the key suppression. Once the suppression is broken, it will usher in a surge in the market. What we can see now is that Bitcoin is near the front high point of the large cycle. In the small cycle, Bitcoin has broken through 65,000. As of the time when Lao Lin posted the article, Bitcoin was stable near 66,000. Bitcoin is currently running in a flag-shaped channel of oscillation adjustment. Once it breaks through the upper track of the channel, there will be no problem in rising to 100,000 US dollars by the end of the year or after the New Year. In the past, Lao Lin has been leading everyone to continuously build positions in spot and contracts. This round has successfully bottomed out near 60,000 points. The current Bitcoin MACD fast and slow lines are about to form a golden cross. If there is no major black swan event, the formation of a golden cross is basically a foregone conclusion.
In Lao Lin’s previous content, we have been constantly reminding everyone that the market is about to reverse, but there are still a large number of people who missed the opportunity. Many people like to watch some messy things, which affects their emotions, and are still foolishly waiting for the market to fall to 38,000 points to enter the market. Before making a decision, everyone must carefully study the market, or follow the advice of some reliable KOLs. We will obviously find a pattern, that is, the group of people who miss the opportunity at a low level and the group of people who take over at a high level are always the same group of people.
The final confirmation we need to make now is the increase in the volume of Bitcoin. Once the volume increases significantly, it will be certain that Bitcoin will enter the third stage of the bull market. The current situation allows us to intervene in advance, so friends who have not yet entered the market should boldly intervene at every pullback.
Today’s Bitcoin: The 4H and daily lines are in a sideways fluctuation at a high level for the third day. In the small cycle, Bitcoin is long near 64,600!
In terms of cottage coins: I mentioned several times before that Dogecoin has bottomed out and is about to enter the upward channel. At that time, Dogecoin was around 0.10. Yesterday, the godfather of encryption, Musk, personally tweeted and took a photo of President Trump to stand up for Dogecoin again. Lao Lin has said many times that in the currency circle, in addition to Bitcoin, the only coin with human emotions is Dogecoin. What is human emotion? You will find that all other cottage coins, including Ethereum, can be abandoned at any time, regardless of profit or loss. You can abandon these cottage coins, but Dogecoin is different, because of the origin of Dogecoin and Musk's blessing for it, many people have a certain belief in Dogecoin. So you can have no Bitcoin, but you must have some Dogecoin. Maybe it is the first cryptocurrency to fly to Mars! At present, the front pressure of Dogecoin is around 0.1437, and it is very close to the upper pressure. We are waiting for the flowers to bloom!
