December 8 Market Analysis
1. Everyone should know that yesterday Elon Musk's tweet about babydoge caused it to double in value. The pullback signal has arrived. Historically, almost every time at the end of a market cycle, Musk comes out to stir things up, pulling up those worthless coins from the zoo by several times, followed by a market correction.
2. My personal view is that currently, only babydoge has doubled, while the worthless coins have not. We need to wait a bit longer. Moreover, on December 12, zen will undergo its last halving; after this upgrade, zen will not have another halving. We can see that Grayscale's coins are all surging fiercely. Additionally, zen has broken through its structure, with the first target at 32 and the second target at 55. Everyone should hold patiently. Currently, there are two strategies: one is to enter on zen's pullback, and the other is to enter at the current price. Don't go in heavy; keep some bullets for averaging down.
3. Our signal for escaping the peak is quite simple: worthless coins from the zoo are surging without trading volume, indicating that the dog investors need to take some profits and seek opportunities in altcoins. Bitcoin seems to want to touch around 10.7. Hold patiently and be ready to exit based on market trends. Market conditions are unpredictable, and without coins that are held consistently, one must pay attention to personal mindset, especially as the market approaches its end.