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In the field of cryptocurrency investment, many friends are still limited by traditional concepts, focusing only on safe-haven assets like gold, while ignoring the growth potential of the cryptocurrency market itself. The definition of safe-haven asset properties is already vague; it is difficult to determine whether Bitcoin will become the long-term safe-haven choice in the future, but at this stage, its safe-haven attributes are evident. First, in the face of the powerful financial market of the United States, especially with the recent strength of the dollar, only Bitcoin stands out and successfully prevails. Second, in the context of large-scale conflicts, asset transfer within the cryptocurrency market is extremely convenient, and currently, the only available channel is the cryptocurrency market itself. However, it is important to note that this can lead to extremely volatile short-term fluctuations, as once those transferring assets through the cryptocurrency market withdraw their capital, the short-term will inevitably be impacted. Furthermore, the current trend in the cryptocurrency market basically indicates that a December rate cut is imminent, consistent with previous predictions. In terms of the big picture, spot users should not overly expect deep pullbacks; they must be brave enough to enter the market to potentially reap future gains.
Originally intended to explain the reasons for short-term Bitcoin as a safe-haven asset, but given the current escalation of the Russia-Ukraine conflict, it will drive a short-term rise, and with long-term support, the trend has already provided an answer. The depth of the pullbacks after each new high has not touched 3000 points. We should abandon unrealistic fantasies about Ethereum; at this stage, the capital volume can only support the crazy growth of Bitcoin, while other coins mostly follow the trend, with volatility about one-third of Bitcoin's. The investment value is far less than Bitcoin. For example, while SOL's price increase is considerable, it is merely a choice for users who cannot purchase Bitcoin to accumulate original capital; one cannot expect its returns to be comparable to Bitcoin. Bitcoin's market cap is close to 2 trillion, accounting for two-thirds of the cryptocurrency market; we should discard unrealistic fantasies and approach lightly. From the perspective of capital inflow, the bull market has started for nearly a month, with a net inflow of 1.4 billion into Bitcoin, while Ethereum has experienced negative growth, with an outflow of 600 million in assets. This indicates that the market makers are cashing out madly during the bull market, leaving only retail investors holding their positions. Ethereum is unlikely to create new historical highs in the current bull market, and its investment prospects are worrying, having gradually lost competitiveness. In fact, Bitcoin and Ethereum's current attributes are closely linked to traditional capital; Ethereum originally intended to harvest traditional capital but has had the opposite effect. As early as a month ago, the Coin Victory Group suggested abandoning Ethereum spot trading, even if it meant leveraging to invest in the Bitcoin bull market. In summary, Ethereum is no longer worth the investment of too much energy and attention; compared to the returns in a bull market, it is difficult to match the investment value and can be completely ignored by investors.
(Technical analysis and operational suggestions for Bitcoin and Ethereum)
In the daily chart of Bitcoin, there is a trend of three consecutive days of red K lines and constant new highs being broken. Although the bulls are not showing a large volume increase, the market as a whole is under the control of the bulls, with a very significant upward trend. Analyzing from the 4-hour chart, as emphasized in previous articles, the 4-hour MA30 daily moving average has not been breached, with the price steadily rising along the 4-hour MA30 daily moving average. In terms of operation, it is recommended to view the 4-hour MA5/10 daily moving average as the key entry point for long positions, while using the MA30 daily moving average as a defensive point, firmly executing a bullish strategy. Since there are currently no signals indicating a peak, one should decisively abandon the idea of going short.
The daily chart of Ethereum shows that after another pullback to the daily MA256 moving average yesterday, it received support. As stated in yesterday's article, if it pulls back to the 3050 position again and holds, then in the short term, it will return to a rebound bullish trend. Given Bitcoin's strong trend of continuously reaching new highs, Ethereum also has reasons to expect a wave of catch-up gains in the near term. In terms of specific operations, it is recommended to lightly enter long positions around the 3050 line.
Specific operational points:
BTC can go long lightly near 9.55; if it pulls back to 9.35, then add to the long position, targeting above 9.6;
Lightly go long on ETH near 3050, with a target set in the range of 3160 to 3200.
Investors can make layout and operations in the Bitcoin and Ethereum markets based on these technical analyses and operational suggestions, combined with their own risk tolerance and investment strategies, while closely monitoring market dynamic changes to timely adjust their investment strategies.
This article is independently written by (Coin Victory Group). Friends who need current price strategies and solutions can find Coin Victory Group across the internet. The recent market has mainly been dominated by fluctuations, followed by intermittent spike-like movements. So, when making trades, remember to control your profit-taking and stop-loss well. When facing major market data events, Coin Victory Group will also organize live broadcasts across the internet. Friends who need to watch can find Coin Victory Group online and contact me, and I will send you the link later.
Mainly focused on spot, contracts, BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT, skilled in style, mobile locked position strategy revolves around high and low support and resistance short-term wave segments, medium and long-term trend singles, daily maximum pullbacks, weekly K top predictions, monthly head predictions.
