Musk posts on X: He will restore the title of 'Father of Dogecoin'. The next trend will push Dogecoin to new heights, let’s wait and see!

Dogecoin is currently receiving significant attention in the market, with a monthly increase of 175%, and it has now surpassed the top ten cryptocurrencies by market cap. According to a prediction from an analyst on X, the upward trend of Dogecoin has just begun, and it is expected to reach a new historical high.

      According to news from Ali Charts on Twitter X, the largest market cap seems to be breaking a bullish market indicator. If the breakout occurs, DOGE could rise 120% to reach a new all-time high. DOGE is breaking into a bull market, with expectations of a 120% increase to $0.82, as long as the support at $0.37 holds.

     According to Binance exchange news, 73% of bullish traders are holding positions on Dogecoin. Traders' bets on the upward trend of Dogecoin have surpassed short sellers' bets on a price decline. The reason driving the bullish rise of Dogecoin is still Tesla CEO Elon Musk's continued mentions of the token.

Musk restores the title of 'Father of Dogecoin'. Recently, Musk reiterated on Twitter X that he is the 'Father of Dogecoin'. He first used this name during the Saturday Night Live (SNL) program in 2021, after which DOGE's price soared to an all-time high of $0.73. At the current trading price, DOGE still has a way to go to reach that peak!

     In a statement, Trump wrote: "Republican politicians have long dreamed of the goal of 'DOGE'." Ahead of the elections on November 5, Trump vowed to support cryptocurrency and accept regulation to help the US crypto industry thrive.

Yesterday, the price of Bitcoin was actually fluctuating all day. The trend was relatively sluggish. In addition, the U.S. stock market was closed for Thanksgiving in the evening, so the trading volume was naturally not that active. Looking back at the high point established last night, Bitcoin did not have a strong correction, but fluctuated. This shows that Bitcoin's ability to carry on is still relatively strong. It rebounded immediately after the decline. This can already show that the decline is just to repair the daily gap after the sharp rise last week, not a deep correction. At present, it is considered an adjustment. As mentioned before, this wave of arc tops has been completed, so there is no need to worry about the risk of Bitcoin hitting a new low. The long position layout we gave in the early morning has about 1,000 points of space.

From the 4-hour line, the short-term high point of 97200 is formed. There is a high probability that the market price will rebound to this position to test the upper pressure. If the rebound is not broken, then short-selling can be intervened when the top is tested again. Below, pay attention to the middle track near 94500. If it is not broken, it will continue to fluctuate and consolidate. If it is broken, it will continue to step back to 91500 to test the lower track support. The overall trend is currently at a short-term crossroads. As long as the subsequent step back does not break the 94500 mark, it is still possible! We can still participate in the main long position during the day!

Operation strategy:
BTC: 95700-95000 long target 97000-98000
ETH: 3580-3570 long target 3650-3750

The recent market performance of Bitcoin has been quite bumpy. It hit the 100,000 mark, but regrettably failed and then turned downward, slipping to around 90,000. Yesterday, there were three attempts to break through the 95,000 line upwards, but they failed to achieve an effective breakthrough. The current intraday market is likely to fluctuate widely within the range of 95,500-89,000. In the bull market wave of the currency market, such amplitudes of thousands of points are actually not uncommon. Everyone must adapt to this rhythm of large openings and closings.

From a detailed technical analysis, there is no clear and solid bottoming signal at the daily level, which means that there is still room for retracement in the future. The operation strategy at this stage should be mainly short selling on rallies, focusing on the 95,000 position!

Looking at the hourly trend, the price is currently running along a slowly downward channel and is still limited within the channel range. Various signs show that it is highly likely that it has not yet reached the bottom at this stage, and there may be some twists and turns in the future!

operate
For operations, Ye Wei recommends shorting Bitcoin around 95300.

Target
Around 93000-92000.

The large pancake is currently continuing to explore downwards, trying to find support below. Over the past two days, it has continuously slid from its high point, with no significant rebound in between, and the low point has approached around 90800 during the early morning. In this case, can the 90,000 mark hold up during this round of pullback? It may be worth paying attention to the previous dense trading area.
In terms of the current trend, although the market is still in the process of probing downwards and has not yet stabilized, it has not broken below the 90,000 mark, and the support below remains strong. Subsequent focus can be on opportunities for oversold rebounds. Judging from the current structure, the short selling pressure is gradually diminishing, and we can wait for the market to stabilize, and then look forward to the emergence of rebound trends. If it falls below 90,000, we can continue to look down and adjust in a timely manner!

On November 26, according to CME's "Fed Watch": The probability that the Federal Reserve will maintain the current interest rate until December is 44.1%, while the cumulative probability of a 25 basis point rate cut is 55.9%. The probability of maintaining the current interest rate until January next year is 33.7%, while the cumulative probability of a 25 basis point rate cut is 53.1%, and the cumulative probability of a 50 basis point rate cut is 13.2%.
In the early morning, Bitcoin fluctuated downward and then entered a consolidation phase, until recently when the bears strongly increased their positions, breaking the low repeatedly, with a minimum spike to the 92666 position. The Ethereum market is slightly different, consistently fluctuating within a wide range, with attempts to test the lower support level but effectively increasing volume, failing to break through. Currently, the price has slightly warmed up, but the upward volume is clearly insufficient.
From the current market perspective, in the four-hour chart, the Bollinger Bands channel has significantly expanded, and after the price broke above 3500, it experienced a second spike, followed by a pullback to a key support area. The lower support first focuses on the EMA15 and the middle track of the Bollinger Bands. If this support is lost, further attention is needed on the support situation in the overlapping area of EMA30 and MA30. This may form a technical pattern of double spikes testing the bottom with the previous evening's low. Technical indicators show that the bear volume is not yet over, which may hint at a larger bearish trend in the short term, with bearish strength currently dominating. Therefore, we will follow the trend and first look at this pullback.

Short on Bitcoin 93300-93600, target around 91500.
Short on Ethereum 3420-3450, target around 3260.

$BTC $ Trump is optimistic about Bitcoin, capital frenzy pushes #Bitcoin to 100,000 dollars
Bitcoin has rapidly risen to the 100,000 dollar mark today, and this crazy surge is attributed to investors' optimistic attitude towards the supportive stance that the new US government under President Donald Trump may take.
Asian traders saw Bitcoin's price exceed 96,000 dollars for the first time, reaching a peak slightly above 96,898 dollars.
This year, Bitcoin's value has skyrocketed, with prices more than doubling. IG Markets analyst Tony Sycamore stated that this cryptocurrency rose about 40% in the two weeks following Trump's victory, indicating that people are confident about the expected regulatory environment.
"Although it is now firmly in the overbought territory, it is advancing towards the 100,000 dollar level.
Trump expressed a favorable attitude towards the digital currency market during his campaign, vowing to turn the US into the global cryptocurrency capital and to accumulate Bitcoin as a national reserve.

The simplest way to make money from cryptocurrency! Once you understand, it's like drinking water!! Rules for making money in a bull market, remember!
1. Once the rise begins, it won't easily end, so don't be afraid of the major corrections that happen in the early stages. Boldly enter the market; the most troublesome thing is to keep waiting for a lower point. The longer you wait, the higher it goes, and you'll miss the opportunity.
2. In a bull market, you should frequently make moves. If your position isn't full, try to wait for a pullback and go all in. Otherwise, you'll be caught off guard, and most people can't handle that.
3. You must manage your positions well; it's best to have layouts in several key sectors. If you put all your funds into one sector and that sector doesn't move in the short term while others are rising, it can be very frustrating. If you chase, you'll get stuck, and just when you clear out, that sector might take off again. Many people have experienced this, so either don't buy at all or, once you buy, hold firmly. Your coins will rotate, and even the worst coins in a bull market can see five to ten times their value.
4. The market always rises amid divergences. When a bunch of people criticize, that's often when the opportunity is most agreed upon, which can actually be a risk.
5. Don't always think about short-term trading with high sell-low buy strategies. Once you get off the ride, you'll find it hard to get back in. Short-term trading can be back and forth, but it’s often better to just sit back and let your investments earn.
6. Every time there's a pullback, the market will be filled with panic, and people say the bull has run away. The truth is that a bull market usually has to go through at least three to four major corrections before it can end.
So don't be afraid; you must have a broad vision. As long as you can hold on and you're not holding junk coins, even the worst can yield five to ten times their value. After a bull market, making two to three times your investment is truly not a big deal.

Could Bitcoin be a significant action by the US government and capital to restructure the dollar hegemony?
A bizarre scene recently appeared, just three weeks after Trump took office, Bitcoin surged over 40%, with the price once touching $100,000. Compared to ten years ago, it has increased more than 200 times. The return is enough to outperform any asset globally. Meanwhile, international capital continues to fan the flames, boasting that Bitcoin's price will multiply tenfold again within the next year. At this point, whether insiders or outsiders, knowledgeable or not, can feel that this situation is quite unusual. If we consider what Trump said before taking office about making the US a Bitcoin superpower, it is easy to infer that the recent rise in Bitcoin is strongly associated with US politics. More chillingly, the US is the largest holder of Bitcoin, which means it has enough trading chips, or greater pricing power. As long as the US can get everyone to recognize Bitcoin, it can entirely use Bitcoin to create a brand new dollar trading system. Previously, the dollar was linked to gold, similar to holding US Treasury bonds, and achieving this goal does not seem particularly difficult, as global recognition of Bitcoin is becoming stronger.
Interestingly, since Bitcoin was first proposed in 2008, it has been labeled a Ponzi scheme and a financial bubble, yet it has survived four cycles without collapsing. To put it simply, the value of an asset is a shared recognition in the market, acknowledged by all participants. Regardless of whether it is Wall Street bigwigs or many countries hoarding it, Bhutan even treats Bitcoin as a new national reserve asset. This continuous strengthening, in turn, will further enhance the value of Bitcoin, creating a huge wealth effect, ultimately attracting more people to participate and firmly believe in Bitcoin's value.
What are your thoughts?