November CPI met expectations, Bitcoin peaked at $100,000.
Last night's CPI index saved the crypto world, Bitcoin surged towards $100,000.
The release of last night's CPI data has brought a glimmer of hope to the crypto world, with Bitcoin successfully breaking through the $100,000 mark, but does this mean the crypto world has entered a bull market recovery? We need to observe further.
Bitcoin's intraday support is around $99,000, with resistance around $102,500, and it has increased by 4.6% in the last 24 hours. If it can successfully break through again after a consolidation, it is expected to challenge the historical high of $104,000.
The work we need to do in the upcoming bull market:
Su Bai can confidently tell you: In this round of bull market, it is hard not to make money. If you want to earn more, Su Bai will tell you how to do it!
First: Establish your own position management plan and strictly execute it.
In a bull market, it is best to achieve zero cost. What is zero cost? For example, if you entered around comp71 earlier, when it peaked at 144, if you reduced your position completely at 140, the remaining is all profit. This is called zero cost. During the adjustment phase these two days, if it rises, you still have profits in the vehicle, everyone is happy; if it falls, you are not anxious, and your principal is not damaged. This is the advantage of zero cost.
Second: Entering and exiting should be based on your own trading system.
When clearing positions, always clear half first before clearing all, rather than selling everything at once. No one can accurately predict the top or bottom of the market.
Third: The tokens you buy should have your own research or you should refer to reliable in-depth research articles.
Do not sell all of your quality altcoins; low-cost assets will not give you a second chance to enter except for black swan events. To prevent selling too early, you should keep a base position, aim for zero cost holding, learn to sell in batches, and learn to keep positions.
Fourth: Always insist on learning, pay to learn, find real experts, and communicate with those who have made big profits. This is like practicing martial arts; you must find experts to understand your problems and improve effectively.
Fifth: In investing, you often need to have your own expectations, knowing what you want. For example: this round, I want a 25x return. When the time comes, if it still seems like it will rise, you should take most of the profit off the table and let the remaining profit run!
Sixth: Whether you are trading contracts or using leverage, technology is one aspect, but more importantly, you need to know where your risks are? Don't only focus on profits.
To summarize:
To do trading well and make big money, you must have a reasonable position management plan and a strict trading system. Only then is it possible to make money. If you have any of the above problems, or if your profits this entire year haven't beaten Bitcoin, you can message Su Bai privately.
Capture the future wealth code! Layout these 5 tokens with the potential for a 10x increase!
1.RAY
As of the time of writing, the trading price of Raydium [RAY] is $5.55, having increased by 23% in the past 24 hours. Key resistance levels to watch are at $6.40 and $7.60.
What is more worthy of attention regarding RAY is that the weekly EMA moving averages have shown a bullish arrangement. If there is a trend increase at the weekly level, it is expected to break through double digits.
Regarding RAY, it is currently not inclined to quickly break through previous highs, but is more likely to consolidate in the previous high range to form a converging pattern before attempting a breakout.
2.SUI
Strong altcoins are characterized by a quick rebound after a brief pullback, maintaining their strength. SUI's price rebounded quickly after retracing to the EMA21 moving average and has reached a new high, with the next target at around $6.13.
It is important to note: When the price reaches the $6.16 area and the segment filter shows overbought, a triple top divergence signal may occur.
3.AAVE
The standout rebounders include LINK, AAVE, and SUI. The project related to the Trump family purchasing AAVE and LINK has further pushed up the market, and those that have already risen are not recommended to chase.
After AAVE broke through the key position of its formation, its increase has gradually exceeded the effective range of technical analysis. The core driving force of future trends may shift to fundamental changes or news-driven factors. Therefore, it is currently more important to pay attention to market sentiment and the potential impact of major events.
4.BAKE
For spot trading, BAKE is more suitable for short-term doubling. Bake (DeFi sector): current price $0.37, with explosive potential, short-term target $0.48.
5.CAKE
Those who like high volatility should focus on short-term trading of CAKE, betting small to gain big.
PancakeSwap, an established decentralized exchange on the Binance Smart Chain, announced on the 4th that it has launched its own one-click token issuance platform, SpringBoard, allowing people to launch their own project tokens on the BNB Chain, including meme coins and DeFi project tokens.
As a result of this incentive, PancakeSwap token CAKE surged to a high of $4.515, and although it has since fallen back to $3.646, it still has a 24-hour increase of 25.6%.
More practical strategies, specially prepared for spot enthusiasts and those accumulating coins in a bull market! Click on my avatar to follow and get my bull market strategy deployment, shared for free with all fans. You need to reference it, I need fans, to be the most generous bull market blogger on the internet!
