11.22 Silk Road Analysis and Operation Suggestions:
Large Pie 97700-98000 interval long, target 99000-100000
Yita 3290-3310 interval long, target 3450-3500
Bitcoin has once again set a new historical high in early morning trading, showing a slight pullback after breaking the 99000 mark. According to yesterday's market forecast, its price continues to show an upward trend. Although the nighttime market volatility brought some pressure, the price quickly climbed again and broke new highs, demonstrating a strong breakout momentum. Currently, Bitcoin is just one step away from the 100,000 mark, and the overall market structure shows a bullish trend. On the daily chart, four consecutive trading days of bullish candlesticks indicate strong upward momentum. The bullish force is unstoppable, maintaining an upward trend. In the four-hour trading period, although there was a brief pullback, it did not change the overall situation. In terms of operational strategy, we still adhere to the strategy of buying at low points. $BTC $ETH #比特币行情
The short position was unfortunately stopped out, and the reverse hand went long to recover the loss, and the closing price was close to 10,000 oil $BTC $ETH #比特币行情
CryptoQuant CEO Ki Young Ju stated on social media that the Bitcoin bull market is starting, and pointed out that current data is similar to the market performance in 2020. He mentioned that over the past few months, on-chain data shows that whales have been continuously accumulating Bitcoin, which many were skeptical about at the time, but now its validity is gradually becoming apparent. He further analyzed that the mining cost has doubled after the halving, and the price needs to rise to maintain miners' profitability. Additionally, many traders are shorting Bitcoin, which could push the bull market forward through short squeezes. Ki also mentioned that based on past halving cycles, Bitcoin bull markets typically start in the fourth quarter, and whales won't let the market performance during this phase be mediocre.
Thursday, November 21 Analysis and Trading Suggestions:
Go long in the range of 93500-94000, aiming for 96000.
Synchronize actions with a small position as well.
In recent days, the market has once again risen to new heights at midnight, with a peak of 94900, followed by a slight pullback for adjustment. The current price has returned to around 94400 for a brief rest. The overall market trend remains strong and upward, primarily characterized by oscillating upward movements, with minor pullbacks serving only as adjustments. Investors should continue to maintain a cautiously optimistic buying strategy. $ETH $SOL #比特币行情
According to Bernstein's research report, Robinhood is expected to be the biggest beneficiary of the potential relaxation of cryptocurrency regulations in the United States. With the possible emergence of pro-cryptocurrency policies from the U.S. Securities and Exchange Commission (SEC), Robinhood's market potential is expected to increase significantly. Bernstein has raised the target stock price of this trading platform from $30 to $51 and maintained an outperform rating on its stock. Additionally, Robinhood recently acquired the cryptocurrency exchange Bitstamp, which will enhance its ability to provide value-added cryptocurrency services.
Currently, we do not see too many reasons for ETH to rise; the bull market seems to have little to do with it. What can be expected in the future is the opening of staking for Ethereum ETFs in the United States. Although the yield is only 3%, it is still quite an attraction for large institutions. As the yield on U.S. Treasury bonds declines in the future, staking ETH will become more appealing. Another situation where we can see funds flowing back into ETH is through switching tracks, betting on its rebound, but that is something for later. The later we get into the bull market, the greater the risk, and only then might ETH shine. This is why many people say that ETH is currently the 'doomsday war machine'; the fundamental logic lies here.
From another perspective, let's consider the last bull market as an example. A large number of new and old public chains emerged frequently. Not to mention the new ones, many of those old public chains no longer possess narrative capability, with on-chain data being pitifully bad and no new ecosystems. Their situation is even worse than the current ETH, yet they still enjoyed the feast of high market liquidity and experienced a significant increase. Therefore, the main upward wave is likely to occur in the later stages of the bull market. It won’t be absent, but the waiting may be quite torturous. $ETH $ETH #比特币行情预测
Currently, the upward momentum of ETH does not seem obvious, and the bull market appears to have little relation to it. Although the expectation of the open staking for Ethereum ETFs in the U.S. may bring some anticipation, its mere 3% yield still has a strong appeal for large institutions. As U.S. Treasury yields gradually decline, ETH's staking strategy will become more attractive.
Regarding the inflow of funds back to ETH, another possible trend is that investors may switch investment tracks to seek potential opportunities for chasing gains. However, this is still a matter for the future. Especially in the later stages of a bull market, risks are increasing, and ETH's potential may gradually become evident. Many describe ETH now as a war machine charging at full speed, and the logic behind it is just that.
From a historical perspective, in past bull markets, although many new and old public chains frequently emerged, those chains lacking new ecosystems and narrative capabilities, even enjoying the high liquidity feast of the market, still performed unsatisfactorily. Therefore, the likelihood of a major upward wave appearing in the later stages of the bull market is relatively high; although it will not be absent, the waiting process may be full of challenges and torment.
Overall, the future of ETH still needs to be observed and awaited, but regardless of how the market changes, it is necessary to remain calm and rational, and to be fully prepared to cope with various possible situations. $BTC $ETH #比特币行情
According to @ai_9684xtpa, a whale 0xf85 recharged 100 WBTC (worth $9.22 million) to Binance after Bitcoin hit a new high in the early morning, suspected of selling. The whale has accumulated 1,197 WBTC positions from the trading platform since February 2023, with a cost as low as $26,395; if the sale is made this time, it will make a profit of $6.58 million, and has accumulated a profit of $19.69 million so far. $BTC $ETH #比特币行情
Wednesday, November 20th Silk Road Analysis and Operation Suggestions:
Buy in the 91000-91500 range for Bitcoin, target above 94000
Buy in the 3050-3070 range for Ethereum, target above 3200
In the early hours, Bitcoin has once again set a new historical high, reaching a price of 93900. Yesterday, we accurately grasped the market trend, and the strategy of buying low was validated again. With new records being set continuously, bullish strength is expected to further increase. Recently, we actively recommend investors to follow the market trend, and most people have already shared in the market's dividends. Although the current price is high, the expectation of breaking through the 100,000 mark is just around the corner. From a technical analysis perspective, bullish forces will continue to exert pressure. The daily chart shows that the market remains strong, and any short-term pullbacks are quickly absorbed by strong upward momentum. Bears find it difficult to find opportunities to manifest. Under a strong framework, pullbacks are merely a process of adjustment and energy accumulation, so maintaining a strategy of buying low is a wise move. $BTC $ETH #比特币行情
Weekly Summary: Second week of November Excellence in quality does not require ostentatious embellishments. We possess sharp insight and strong action, striving for perfection in every detail. $BTC $ETH #比特币行情
Buy Bitcoin at 90500-91000, target 92000-92500, if it fails, go short Buy Ethereum in the range of 3110-3130, target 3200-3250 following Bitcoin
Bitcoin faced upward pressure again during the early hours, leading to a price pullback. Overall, the market presents a wide fluctuation pattern, with both bulls and bears frequently clashing, but the sustainability of the fluctuations is not strong. In yesterday's trading, a remarkable five consecutive wins were achieved. The price mainly fluctuated in the range of 92300 to 89500, with frequent price transitions, and the current price is close to the 91600 line.
From the daily chart, after a continuous rise, the price shows tension at high levels, indicating that the one-sided trend has come to an end, particularly evident on the four-hour chart. In the short term, the market has formed a box fluctuation pattern, without a clear one-sided trend. Therefore, in the absence of a breakout of the range, a strategy of selling high and buying low can be adopted, while short-term operations suggest going short first and then long, without looking for a one-sided trend. $ETH $SOL #比特币行情
11.18 Week One Line Analysis and Operation Suggestions:
Big Cake 90000-90500 Range, Target Near 92500
Mei Shi 3080-3100 Range, Target Near 3200
This morning, the price of big cake fell again, falling to near 88800. From the overall structure, the market still maintains a bullish pattern. After the daily line experienced a series of rises, it ushered in a short-term retracement adjustment of the negative line.
From the strength of the retracement, it has not had a substantial impact on the current upward trend. We should stick to the bullish view and not easily turn because of a small correction. Otherwise, it will only be swayed by market fluctuations.
The four-hour trend chart shows that it is currently in a high-level adjustment period, with both long and short sides evenly matched, and the Bollinger Bands gradually closing. If it fails to break through effectively, it will show a trend of range operation in the short term. In short-term trading, both long and short sides have operation opportunities, but the general trend is still upward, and it cannot be easily considered that it has reached the top! $BTC $ETH #比特币行情