$BTC $ETH $SOL
11.20 Zero Point Analysis Issue 69
Good late night, cryptocurrency traders, I am Jiu Ge.
The biggest sin retail investors have committed in this round of bull market is having a long position in Ethereum while shorting Bitcoin😹! Bitcoin is taking a hit while Ethereum puts on a show.
Why is there this phenomenon? From the perspective of trading psychology: I do not have low point chips, so I can only find what I consider a high point to short. Continuously looking for reasons to comfort myself, bad news, resistance levels🤣! This satisfies a certain sense of achievement, whether it’s bullish or not, whether it's impressive or not. Everyone likes this, including myself, but ironically, trading actually requires discarding these things as much as possible to optimize one’s trading system.
Today, two major events occurred in Eastern Time, one is MicroStrategy's high-profile convertible bond strategy for Bitcoin being rushed to be imitated by various countries, desperately buying Bitcoin at high positions.
The other is NVIDIA's earnings report at 5 AM, which will undoubtedly have a big impact on the US stock market. Bitcoin is also a part of the US stock market, so it cannot be excluded.
Today I also mentioned that the Treasury Secretary appointed by Trump holds half of the USDT, so will the future of USDT be like the dollar, continuously issued? This is obviously something to be wary of.
In fact, there is another very important thing happening these past two days, which is that BlackRock and Grayscale are continuously selling Ethereum, and I personally believe the purpose is to acquire more Bitcoin. If Trump comes to power and sets Bitcoin reserves as a national policy, then the future of the crypto market will basically be dictated by the United States.
✅ Whoever holds more BTC holds the pricing power of Bitcoin.
Review of the market: Currently, Bitcoin continues to rise, and it is temporarily not possible to determine the top. Currently, there is only a short-term divergence, and a long-term short has not yet formed.
For weekly trends, one can refer to the deep correction after three consecutive weeks of rise in February, so this week will become the last sprint of this round. This increment may hit 95,000-97,000.
Signal: Altcoins are all falling, no longer following the rise.
Operation:
Refer to the 12-hour level Boll for Bitcoin to see if it can break through 95,200; if it breaks through, it really may go to 97 and rise higher. Technically, this is the only pressure point in the short term. My short position at 932 ultimately ended at 94, but the profit, as you all know, has been a market of both long and short gains.
