(Is today the best survival time to escape the bear market? Or is it the moment to make a name for oneself by bottom-fishing in a bull market with bloodied chips?)
On December 23rd, the day before Christmas, the overall cryptocurrency market is not friendly; whether it’s good or bad, it will make us retail traders very unhappy. I wonder how you are feeling at this moment, dear friend behind the screen?
If you are unhappy, please give me a follow and type two words: Keep going! If you are quite happy, please give me a follow and type six words: Let's keep going together! No matter what, we must stay happy!
1. First, let's analyze the three swordsmen of the crypto circle. 1) BTC: First support level: 92000 Second support level: 88000 First resistance level: 95000 Second resistance level: 97000
2) ETH First support level: 3205 Second support level: 3101 First resistance level: 3334 Second resistance level: 3386 3) SOL First support level: 175 Second support level: 150 First resistance level: 185 Second resistance level: 200
2. Current Market Summary: 1) Technical Analysis: 1) A single bearish candlestick has sufficient volume, with sellers as the dominant force, and buyers are nearly in a state of surrender! 2) Two or three candlesticks mainly show patterns like dark clouds covering the top and evening stars for shorting at highs! 3) The formations are basically downward triangles and flag patterns, creating the current 4-hour winter downtrend chart! 4) Today's greed index is still at 73, with long positions occupying 60% of contracts; the whales are looking to wipe out the bulls! 5) The current bottom of the market keeps adjusting downward, and the top is also continually adjusting downward; overall, it is moving downwards, further probing the future bottom.
2) News Analysis: 1) Global conflicts like Russia and NATO, and wars in the Middle East are continuously affecting the instability of the entire financial market, along with frequent occurrences of gray rhinos and black swans. 2) The sale of 1800 bitcoins by Mentougou yesterday led to ongoing panic in the market. 3) Trump's administration has imposed increased tariffs on various countries, including China, resulting in slow economic circulation. Without sufficient liquidity in the market, funds entering the crypto space will be sluggish. 4) Powell’s hawkish speech about finance and Bitcoin on the 19th will impact the financial market; it will take 1 to 2 months to digest, so we need to patiently wait for a second bottom probe or a break below previous lows. 6) The Wall Street consortium behind the ETF funds is gradually exiting, leading to poor liquidity; further declines cannot be ruled out, so it is especially important to manage positions and set stop-loss and take-profit levels!
3. How to break the situation: 1) Today's overall market sentiment is bullish but do not go long; only short and do not go long! 2) If you are using 1x or 2x leverage in crypto or spot trading, you can hold until clearing out by the end of March 2025. 3) If you are using high leverage or above 3x in crypto, reduce 40% of your position when ETH rebounds to 3500, and then re-enter at lower prices to lower your average cost! 4) Do not purchase any cryptocurrencies at this time; the bottom will continue to probe or reach new lows. Wait for the left-side trading to end before entering right-side trading to bottom-fish; I will notify everyone in advance when to enter! You just need to follow me!
4. Position Management + Recommended High-Potential Bull Coins: 1) First, regardless of how much capital you have, you must allocate 50% to BTC, the treasure of digital currency. As long as you believe Bitcoin will reach 1 million each in the future, even if altcoins drop to zero, you will break even! 2) As retail investors, do not allocate too many types of coins; with 10,000 USDT, allocate to at most one coin, and with any amount of capital, the maximum is four! Institutions have dozens of people studying one coin; if you study dozens of coins alone, how can you win?
3) Key recommended bull coins: The top 10 generals: 1) ETH 2) SOL 3) DOGE 4) SUI 5) BGB 6) PEPE 7) AAVE 8) ONDO 9) BNB 10) OM
Brothers and sisters, please make sure to follow me. I will update content every day, and for good major coins, I will remind you to bottom-fish and escape the top!
