12.10 Market Depth Analysis
Good morning, fellow cryptocurrency warriors!
Last night, facing the psychological barrier of $BTC falling below 100,000, which triggered a brief temptation to go long,
I promptly provided a strategy, cautiously probing with a 10% position,
specifically targeting BNB and Uni, aiming to accurately capture the rebound opportunity.
Looking back at yesterday, the market changed dramatically, with many cryptocurrencies suffering heavy losses,
with declines generally exceeding 20%,
this severe fluctuation directly led to nearly 500,000 investors being liquidated, surpassing even the scale of the historical March 12 event.
At its root, losses in a bull market often stem from human weaknesses—greed and reluctance,
many investors blindly chased prices at high levels, ignoring the importance of timely profit-taking.
Since Trump's election victory, the U.S. Bitcoin ETF market has welcomed a flood of funds, with the total approaching $10 billion,
but it is worth noting that this wave of funds may enter a period of calm in the future.
Especially considering the potential negative impact of the CPI data to be released on Wednesday,
BTC prices may retrace to around $94,000 seeking support.
Therefore, I suggest everyone remain patient and wait for the right opportunity,
if BTC does indeed drop to around $94,000, it will be a good chance to increase positions again.
At the same time, we need to be vigilant, as many altcoins have not yet completed their adjustment process,
the long run of this bull market is far from over, and the current pullback is merely a short rest on a long journey.
Looking to the future, $BNB still has the potential to break above $800, and $ETH stabilizing at $4,500 is also just around the corner.
Let us move forward together, invest rationally, and strive for a bright future in the cryptocurrency world!
Good morning, fellow cryptocurrency warriors!
Last night, facing the psychological barrier of $BTC falling below 100,000, which triggered a brief temptation to go long,
I promptly provided a strategy, cautiously probing with a 10% position,
specifically targeting BNB and Uni, aiming to accurately capture the rebound opportunity.
Looking back at yesterday, the market changed dramatically, with many cryptocurrencies suffering heavy losses,
with declines generally exceeding 20%,
this severe fluctuation directly led to nearly 500,000 investors being liquidated, surpassing even the scale of the historical March 12 event.
At its root, losses in a bull market often stem from human weaknesses—greed and reluctance,
many investors blindly chased prices at high levels, ignoring the importance of timely profit-taking.
Since Trump's election victory, the U.S. Bitcoin ETF market has welcomed a flood of funds, with the total approaching $10 billion,
but it is worth noting that this wave of funds may enter a period of calm in the future.
Especially considering the potential negative impact of the CPI data to be released on Wednesday,
BTC prices may retrace to around $94,000 seeking support.
Therefore, I suggest everyone remain patient and wait for the right opportunity,
if BTC does indeed drop to around $94,000, it will be a good chance to increase positions again.
At the same time, we need to be vigilant, as many altcoins have not yet completed their adjustment process,
the long run of this bull market is far from over, and the current pullback is merely a short rest on a long journey.
Looking to the future, $BNB still has the potential to break above $800, and $ETH stabilizing at $4,500 is also just around the corner.
Let us move forward together, invest rationally, and strive for a bright future in the cryptocurrency world!