Focus on long-term cryptocurrency investment: Carefully plan the bull market in 2024-2025, single belt, follow skirt (stone skirt, please do not disturb if you are not serious)! 1. Analyze the mainstream currency market; 2. Short-term, medium-term and long-term, bull and bear layout; 3. Guide how to bottom-fish, build positions, increase positions, reduce positions to lock in profits, etc.; 4. Market trend analysis, advance ambush and risk warning; 5. Guide the knowledge and application of technical indicators in the currency circle; Important reminder: All suggestions are for reference only, the currency market is risky, and investment should be cautious!
Let’s start with the post-halving analysis of BTC, which many believe is a normal phase of consolidation that may require patience - BTC has risen 3x since September, but what might the market look like in the coming months?
We are currently in a 15-week consolidation period, down 13% from the highs.
After rising nearly 2x from recent lows in January, this decline is to be expected.
While this phase can feel disappointing and boring, it is a natural part of the process.
Volatility is low for several reasons:
Summer is a period of stagnation
Uncertainty about ETH ETFs
No clear narrative
However, it is often during these challenging times that it is most rewarding to remain bullish for the following reasons:
From a technical perspective, the current cycle is very similar to the bull runs of 2017 and 2021.
Now we are in the accumulation phase:
In 2016, it lasted ≈4 months
In 2020, it lasted ≈5 months
Once the accumulation phase is broken, a parabolic move usually occurs.
The daily line of the big cake broke through a series of dense support lines with great momentum. A bearish engulfing pattern was formed, and no effective rebound has appeared so far. In this case, I will pay attention to the persistence of the short trend in the short term, and the rebound is short.
Short-term operation suggestions:
Big cake: 61500-61300 short, target 60000-59500, defense 61700;
Second cake: 3350-3330 short, target 3250-3200, defense 3370.
(The weather is changing rapidly, for reference only!)
Major events in the cryptocurrency circle on June 24:
1. BTC fell below 63,000 for the first time in a long time, and the altcoins basically stopped following. It is unclear whether it is lagging behind or brewing a big one;
2. The ETH/BTC exchange rate broke through 0.055. It has not been above this level for a long time, but it finally stood above this level;
3. Due to the stimulation of ETF, the entire Ethereum is still the strongest sector;
Fidelity submitted its Ethereum spot ETF S-1 revised registration statement;
4. Pantera Capital is raising funds for the second TON token investment fund;
5. The SEC closed the book on the Ethereum 2.0 investigation, but legal issues remain;
6. Ronin announced that it will launch the L2 network Ronin zkEVM based on Polygon CDK;
7. Matr1xOfficialFIRE launched the "Infinite Game" plan, which will burn 500 million FIRE tokens;
It seems that there is not much circulation itself;
8. BitMEX founder Arthur Hayes increased his holdings PENDLE, currently the overall floating profit is 100%;
9. Arkham added a new Purpose Investment address, holding more than $150 million in ETH;
10. He Yi: Binance's listing strategy does not affect the flow of funds, and some VCs are indeed the core reason for the inflated prices;
11. BitgetWallet's platform coin BWB seemed to have an event yesterday, with a big positive line rising by more than 50%;
The first stage: bottom accumulation and shock upward
Main action: At this stage, main funds gradually intervene in the market, slowly raising the price, and at the same time creating shocks to cover the opening of positions. Through this operation, the main funds can accumulate a large amount of chips at a lower price, while the overall market is still in a wait-and-see state.
Market reaction: Market sentiment was generally depressed, with investors becoming cautious after experiencing early declines. Most investors are wary of market uncertainty and are hesitant to enter the market. However, some investors with a keen sense of smell began to notice the signs of the market's bottom and gradually scooped up funds at low prices.
The second stage: Breaking through the previous high and establishing the trend
Main action: At this stage, the main funds increase their efforts to push the price to break through the previous high, thereby establishing an upward trend on a technical level. At this time, trading volume increased significantly and market confidence gradually recovered. Market reaction: Traders on the right began to pay attention and enter the market. They relied on trend trading principles to decisively buy before the price broke through. However, most investors are still in a wait-and-see mode, and some even choose to go short against the trend because of fear of early declines. In the market, the trend is clear, with positive inflows of funds and sentiment pushing prices further upwards.
The third stage: comprehensive rise, market frenzy
Main action: At this stage, main funds have significantly increased prices, and market sentiment has reached its peak. A lot of good news comes out frequently, attracting more investors to enter the market. The main force gradually began to ship goods and lock in profits.
Market reaction: Market sentiment is extremely optimistic, and almost all investors are actively entering the market, chasing high returns. At this time, the market trading volume increased abnormally, and mainstream and copycat stocks generally rose. However, as the main funds gradually withdrew and the market top gradually formed, many ordinary investors failed to exit in time due to greed and blind optimism, and were eventually trapped in a high position.
Whoever can survive in this market longer can live the most freely and earn the most freely.
In the four-hour chart of Big Pie, with the morning's decline, the current price range has come below the lower track. The current market is fluctuating and resting, and will not give too much rebound strength. The market will continue to fluctuate. Continue to wait for the 🈳 head to accumulate momentum, and continue to 🈳 at the subsequent rebound high. You can catch the rebound in a moderate short-term.
Operation suggestions:
Big Pie: 63600-63300 short, watch 62500-62000, and guard 63800
Second Pie: 3460-3430 short, watch 3350-3300, and guard 3480
(The weather is changing rapidly, for reference only!)
Kang 预计以太坊现货 ETF 的资金流量会低于市场的普遍预期,前几周尤甚:因为 ETF 的批准令人意外,发行方没有太多时间说服大额持有者将其 ETH 转换为 ETF;另一方面,持有者转换 ETH 的吸引力较小,因为他们需要放弃质押或利用 ETH 作为 DeFi 抵押品的收益(注:质押率仅为 25%)。
No situation can drive us to make investment decisions beyond our capabilities.
From the perspective of the daily level of Big Pie, the price of the currency shows a continuous negative decline trend. Although a small positive line appears in the middle, the recovery strength is very weak. In this case, the K-line head trend is very obvious, and all indicators point to a downward trend. Combined with the four-hour level, a real negative column in the early morning strongly dropped to the lower track and continued to extend downward. The downward trend is obvious in the short term. My personal morning view is mainly empty!
Operation suggestions:
Big Pie: 63700-63200 empty, target 62000-61500, defense 63900;
Second Pie: 3470-3420 empty, target 3350-3300, defense 3490.
(Hangqing is changing rapidly, for reference only!)
1. It is right to follow the trend, and it is wrong to go against the trend (once the trend is formed, it will not change in a short time);
2. It is right to have a light position, and it is wrong to have a heavy position. The position affects the mentality, and the mentality affects the judgment;
3. It is right to be content, and it is wrong to be greedy. Greed is the enemy, and contentment is the key;
4. It is right to stop loss and protect profits, and it is wrong to let it go. Protecting the capital is the first priority, and making money is the second;
5. It is right to operate objectively, and it is wrong to analyze subjectively. Operate objectively and abide by the rules;
6. It is right to wait and be patient, and it is wrong to be impetuous and impulsive. Advanced hunters are patient;
7. It is right to invest with idle money, and it is wrong to invest with debt. The mentality determines your success or failure. You cannot make stressful investments;
8. It is right to be calm, and it is wrong to worry about gains and losses. The essence of trading is the confrontation between human nature and mentality.
If you want to achieve stable profits, you must do the following three things:
1. To control the position:
People who are always full of positions will never achieve stable profits. The famous mathematician Fisher has proved this with a formula. Only use 20% of the position each time, invest with a probability of profit or loss of 50%, stop loss at 5%, and stop loss at 10%. Stable profits can be achieved when taking profit.
2. Learn to choose the time:
Another meaning of timing is to learn to identify trends. If the trend is not good, you should take a light or short position. It is best to trade on the right side.
3. You must have your own trading system:
The trading system includes timing, sector selection, currency selection, selling timing and other conditions. The trading system is improving and evolving through continuous iterations.
Only with these three points can there be the possibility of stable profits.