$BTC Today's thoughts. [11.21 strategic thoughts, will Bitcoin go straight to 100,000?]
First, let’s start today with the news.
Understand the news, make safe and stable judgments, emotions and assistive technologies.
Just mention the three most important ones.
In the meme market, many hot coins have fallen back today, awakening some ignorant and irrational people.
Second, Trump plans to set up a department to manage blockchain. (This is very important. He may really use Bitcoin as a strategic reserve. If the United States takes the lead, then other major countries, I don’t need to say anything. If this plot develops, the bull market in 2025 will be worth watching!)
3. Bitcoin exploded yesterday, but Ethereum could not pull it up. It was Grayscale that crashed the market at a critical moment again. Yes, the giant that extinguished your Ethereum and made up for the rise was Grayscale.
Sentiment: Extremely greedy. Trading volume, spot and ETF positions are all increasing!
Then the technical side: BTC
In fact, it went up for a short time, and there is no reference. All you can see is the bullish trend.
According to my previous article on the bull market outline: Outline of this round of bull market
The last two times Bitcoin started to rise sharply, both were 90%, and this round is currently 85%, so there is still about 5% room, that is, to about 100,000~110,000. There may be a correction. (This is uncertain, simply because this rise is unusual and many large institutions have already entered the market.)
If big funds continue to flow in, the rally may continue.
And this rise has a signal.
As can be seen from the chart, the volume of BTC has been shrinking since November 13th, so everyone was waiting and watching. On the 19th, it began to fluctuate sharply and has not fallen below the bottom for three times, basically forming a shrinking and rising situation.
So since it has risen
Should we do more?
What Doug said above means is that the best strategy is not to chase.
BTC current price: 98438, what to chase, how high the risk is, the situation is not clear, I have a better plan
According to my logic, x will either reach 100,000 or trigger a callback.
Then we can look at the situation above. If the volume shrinks again and cannot go up, it will not be too late for us to take action, or we can wait for it to fall back to buy.
Wouldn’t it be safer? Don’t you think so?
So today's strategy: (Depend on the situation in the evening, 95700~ or continue to go long along the rising trend line. If it falls below the trend line and cannot come back, then go short depending on the situation. Of course, the first sister has called for 100,000. Now the sentiment and fundamentals are bullish. It is not recommended to chase at the current position. You can wait for 100,000, which is still very strong. You can stand firm and go long, and defend the same 100,000. If it doesn't go up, the volume shrinks, a cross star appears, and it falls to a limited extent, go short!)
ETH: Bitcoin is rising, Grayscale does not dump the market, so we will go long. It is undeniable that there is a lot of room for it to rise.
Grayscale just loves to crash the market
Well, I'm researching something new recently, so my daily thoughts may not be updated in time.
Sometimes, I also do short-term trading, and have new ideas every day, which are of course the general ideas for trading on that day.
However, if I do it myself or bring along fans who are already on the Doug car, I will follow the market in real time.
