Early Review: The big coin's continuous attempt to break through $100,000 has failed, and overnight it pierced through a key level, with subsequent momentum showing signs of exhaustion! Previous review: Four days ago, on December 6, the shepherd began to warn that the big coin must defend the Maginot line of $100,000, otherwise it would become dangerous! As of the time of writing, the big coin has plummeted to around $94,000, and altcoins are down over 20%! We have timely arranged exclusive strategies to respond, avoiding this small crisis!
From the perspective of the current large cycle channel, the big coin has virtually broken the channel's bottom as of the time of writing. Everyone can take a look at the chart below; the channel in this chart has not changed according to the shepherd. I firmly believe that the big coin will find it hard to reach $100,000, based on a judgment of market sentiment. It will remain oscillating within this channel. This judgment is so precise also because it combines leverage data. In previous content, the shepherd mentioned that the big coin's recent surge was supported by huge long leverage. Such a large long leverage is not enough for the counterparty, so where does the remaining loss come from? Obviously, market makers and exchanges cannot pull money out of their pockets to give to retail investors!
So, does last night's virtual break of the channel's bottom and key level mean that the bull market has ended? This question is not key at the moment; we now face a more tricky issue. As of now, the shepherd is worried that the big coin will continue to oscillate within this channel before moving upwards and virtually breaking, but it has never been able to stabilize above Bitcoin's 'Maginot line', repeatedly washing the mentality of retail investors. When it spikes downwards, retail investors are eager to cut losses; when it virtually breaks upwards, retail investors are eager to jump in! At this point, the shepherd understands the dealer's mindset through two cycles of bull and bear markets! Therefore, the upcoming Bitcoin faces two challenges: firstly, the impact of interest rate cuts, and secondly, the possibility of Trump taking office. The dealer will likely use these two events to manipulate the market. Crucially: whether Trump can fulfill his pre-election promises regarding Bitcoin after taking office will become an important event for the dealer's manipulation! The shepherd believes that the dealer will use this to start a virtual break upwards for Bitcoin, leading retail investors to mistakenly think that the third phase of a bull market is starting, only to quickly break below the current trading channel, trapping all retail investors! This will lead to a three-month period of oscillation, during which there will be a collapse, and altcoins will all fall back to this starting point or even lower, likely between $100,000 and $116,000!
Of course, everyone doesn't need to feel fear and panic about this because the essence of finance is oscillation! There is no market that continuously goes up or down; what we need to do is to follow the trend and play along with the dealers! Currently, there is still a chance for the big coin to move upwards! So you should know what to do! Whether you hold altcoins or the big coin, I believe you can understand the shepherd's meaning!