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Bitcoin Market Crash: Over 210,000 Investors Liquidated, Market Plunges Again
Recently, the Bitcoin market has once again stirred up massive waves, with prices plummeting like a roller coaster in just 24 hours, leading to over 210,000 investors being liquidated, with losses amounting to tens of billions of dollars. This event has not only shocked the entire cryptocurrency market but has also left countless investors apprehensive.
Looking back at this crash, Bitcoin had previously broken the $100,000 mark, setting a new historical high. However, just as the market was in high spirits, Bitcoin suddenly turned downward, dropping below $90,000 within just a few hours. This sudden change caught many investors off guard, especially those who had leveraged their positions and were heavily invested, resulting in significant losses.
The crash of Bitcoin is not an isolated incident; it reflects the fragility and high-risk nature of the entire cryptocurrency market. On one hand, the rapid increase in Bitcoin's price within a short period accumulated a large volume of profit-taking, creating tremendous pressure for market correction. On the other hand, the regulatory direction of U.S. authorities and the Federal Reserve's monetary policy have kept investors on edge, where even slight movements could trigger market turmoil.
It is worth noting that this crash has once again exposed the lack of regulation in the cryptocurrency market. Although Bitcoin is referred to as a “decentralized” digital currency, in reality, its price movements are often dictated by a few capital players. A market lacking effective regulation may seem free but is actually more dangerous; once problems arise, it can trigger a chain reaction, leading to enormous losses.#比特币价格走势分析

One of Wall Street's biggest bulls and former chief equity strategist at JPMorgan, Tom Lee, stated that Bitcoin may significantly retreat from recent highs, potentially testing support levels of $70,000 or even $50,000, while maintaining a long-term bullish stance with a target of $250,000.

In a recent television interview, Lee, who is now the chief investment officer at Fundstrat Capital, described Bitcoin's recent 15% drop from its historical peak as a 'normal adjustment' for a volatile asset. Bitcoin is currently trading close to $95,000, having fallen approximately 6.6% in the past month.

This prediction comes at a time of widespread uncertainty in the market, with the U.S. stock market undergoing a 23-day adjustment period and inflation concerns persisting. Lee emphasized that Bitcoin's movements largely follow global liquidity conditions and noted that the market is still in the early stages of a halving cycle.

Cryptocurrency skeptic Peter Schiff expressed a more pessimistic view on the social media platform X, comparing current Bitcoin enthusiasm to the previous peak of Ethereum.

Schiff wrote, 'In 2021, there was a lot of hype around Ethereum, just as there is a lot of hype around Bitcoin now.' He emphasized that Ethereum fell 40% from its nearly $5,000 high in November 2021 to currently below $3,000.

Despite short-term volatility concerns, Lee believes that Bitcoin's current price of around $95,000 is an attractive entry point for long-term investors. 'If you want to time the market, maybe you will be lucky, and it will reach $70,000. But for me, Bitcoin could rise to $250,000, so $90,000 is still a great entry point.'

The cryptocurrency market's movements come as the Federal Reserve signals a pause in expected interest rate cuts, exacerbating broader market uncertainty. Lee believes that these macro factors, along with temporary distortions in inflation data caused by natural disasters, could affect recent price trends in financial markets.

Tuesday afternoon, not being a fence-sitter, continue to be bullish

The morning market on Tuesday did not show much volatility, mainly maintaining a fluctuating rhythm, but the direction is bullish. From the opening to now, there has been a rise of a thousand points, and the trend aligns with our bullish outlook.

Currently, from the market perspective, the decline from yesterday has basically been absorbed up to now. In the 4-hour chart, the price has firmly stabilized at the middle track and is gradually moving upward. The accompanying indicators and moving averages are all orderly arranged for a bullish trend. Although the daily chart is still under pressure from the middle track, there are no obvious bearish signals. In the short term, there are still signs of continuation for the bulls, and we maintain our bullish view for the afternoon.

In the afternoon, Bitcoin remains bullish around the 94500-94000 area, with the target focusing on 96000. If it breaks that level, we continue to look upward; if it does not break, we will consider going short.

Monday afternoon, simply put, bullish

The morning market did not have significant fluctuations and generally operated back and forth around the range. This rhythm is expected to continue in the afternoon.
In terms of operation, we will not look for a one-sided approach for now, focusing on short-term trades. In the afternoon, pay attention to the support below the 93000 area; if it holds, directly enter long positions.

In the afternoon, Bitcoin revolves around the 93300-93000 area, with targets focusing on the 94500-95500 range. If it does not continue upward, then consider going short. #比特币价格走势分析

12.31 Thursday Afternoon Market Analysis

On Tuesday afternoon, after a volatile upward movement, there was no pullback. The original intention remains unchanged as we continue to hold long positions. With the last day of the year, the market trend has begun to slow down. The morning session displayed a volatile pattern, with Bitcoin rising from a low point to around 93000 before facing resistance.

From the 1-hour chart, the price of the currency has shown a series of upward movements. Although the momentum is not strong, there are also no signs of a pullback. The short-term trend still leans towards bullish. Currently, Bitcoin is under pressure at the middle track, and once it breaks through, the price is expected to return to the early morning high.

In the afternoon, Bitcoin is expected to be long in the 93200-93500 range, with a target focus around 94500 #2025比特币价格预测

12.26 Thursday Afternoon Market Analysis

On Monday afternoon, the market showed a fluctuating trend with high short and low long positions.

The market on Monday did not experience the large ups and downs as expected. The morning session continued to oscillate around a range, with neither bulls nor bears managing to extend their positions. The high point was around 94200, and the low point was in the 93200 area, with the target price around 93800.

In the 4-hour chart, after a significant drop reaching the lower boundary, a bottom support was formed, followed by a small upward movement, but it did not extend further. Currently, it is showing a range-bound oscillation. In the short term, the 93000 level has certain support below. If it cannot effectively break downwards, it is expected to continue in a bullish and bearish range. This afternoon, we will still treat it as a range.

In the afternoon, short positions in the 94000-94300 area, with the target focusing on around 93000. If it breaks, continue looking down; if not, reverse to long positions. #BTC☀