Morning Review: Bitcoin has a great chance to break through to a historical new high this week and stabilize at 100,000 USD! Bitcoin has been oscillating sideways for the past 10 days, with small fluctuations of a few thousand points, and the altcoins are rotating! Especially in the old altcoin sector, XRP is leading the pack. Let's see if the big coin can stand firm at a historical new high! At this stage, we view Bitcoin optimistically, but we must pay attention to the significant risk of sideways oscillation! In December and January of last year, there was also a sideways oscillation followed by a rapid drop of over 10,000 points! The bottom of the big coin is continuously being raised, indicating that the bullish momentum is still strong!
Currently, the big coin is oscillating within a channel. In the long term, the monthly K-line closing is quite good, and the weekly K-line also shows bullish signals! The next thing we need to pay attention to is whether the big coin can successfully approach 100,000 USD, form a W-bottom pattern, and then rise again! If we follow the trend in my chart, the big coin will continue to push towards the 100,000 USD mark with a huge amount of bullish leverage, then pull back to around 93,000 USD, which is a very high possibility! Forming a W-bottom pattern will clear all the bullish leverage before building a base again! Therefore, at this time, bullish leverage should not be held fully! Be aware of the significant risk of pullbacks!
Regarding altcoins: I won't say much about the old coin sector, but I want to focus on DOGE (Dogecoin). In the previous video analysis, the shepherd pointed out that DOGE has huge support in the range of 0.35-0.4, with most of the chips in this area. Therefore, the strategy given at that time was to enter the market in this range. We saw that last week, Dogecoin pulled back to the 0.368 line, which was exactly within this entry range. Today, DOGE has broken through again, so we just need to hold steady!
Regarding He Yue: In Saturday evening's video analysis, the shepherd explained in detail why to short at 3720 during the day, and after exiting at 3650, indicated to go long at around 3637. These specific strategies were all explained in the video analysis! On Saturday night, the downward spike just hit the precise position given by the shepherd! Currently, we continue to hold on to DuDan and have already gained another 100 points. Remember, this is just a small achievement from the shepherd's video analysis; our exclusive He Yue strategy continues to achieve victories daily, moving towards even greater victories! Ethereum daily range: 3670-3899!
Note: Lao Lin's daily content only provides guidance on the general direction. The specific situation of He Yue needs to be decided in real-time based on market changes! If you still can't grasp the market, please carefully read my collection of works (How to Cultivate Chives). I will continue to create and provide high-quality content in the crypto space for everyone!
