The NASDAQ 100 index will incorporate MicroStrategy on December 23. Once included in the index, it will attract a massive influx of funds. Congratulations to MicroStrategy and BTC! I mentioned internally yesterday that there was a dense short position liquidation between 102900-105000. It's not a joke; it will eventually be pushed up. Shorts must take this seriously and not rely on luck. Even if your long position is stuck at the highest point of 104600, it’s still safer and easier to liquidate than being stuck in a short position at 90850.
By reflecting on history, one can know the rise and fall.
On Friday, the U.S. stock market closed slightly up by 0.12%. Today, Bitcoin will likely hover around the 100k high point during the day. Tomorrow, with the market closed, the trading volume will decrease, and it will pull back down to continue the plunge. As long as 102000 isn't stabilized, avoid opening long positions or adding to positions above 100k.
100850 and 100450 will have a short pause, but they are too close to 102000 with little profit. If you can't monitor the market in real-time for quick entries and exits, you might get stuck temporarily.
If we compare 120k to Chang'an City, 102000 is Hulaoguan, 107300 is Hangu Pass, and 111500 is Tong Pass. The road from Tong Pass to Chang'an is smooth, with the army advancing straight in, slaughtering the city like butchering pigs and dogs. Hulaoguan and Hangu Pass are formidable barriers that require a brave general to take. This needs positive stimulation; if the Federal Reserve's interest rate cut aligns with expectations, that would be one. Christmas and New Year are the times when the West gives out benefits or withdraws money early for the holidays; we will see the result next Thursday and Friday.
Cherish Ethereum below 4000.
In the image above, this is just the data they have updated. These Wall Street institutions have been quietly bottom-fishing. Tether continuously issues USDT to institutions to increase their firepower. As retail investors, we really don't need to worry too much. The expectations for a bull market are very clear, so we shouldn't hesitate too much in our bottom-fishing actions.
This round of ETH hasn't seen a single-day increase of 30% or 40%. Once it starts to rise, it will be very fast.
Bitcoin went from 60k to 100k in just a week, with a few days seeing a rise of 10k in a single day. Bitcoin's market makers can drive the price up like this, so there's no need to worry about ETH not being able to rise. We just need to wait for the market makers to buy enough low-cost chips. In recent months, market makers have clearly acquired more BTC chips, while recently more ETFs flowing into ETH will also rise. Reaching 10k is just the beginning, but we need to reduce positions around the previous high of 4800 and the current doubled price point to prevent stop-loss spikes.
Note: Trading is all about probabilities. You need to be prepared for black swan events, but you can't be waiting for one every day. Speaking of human black swans, early death is one. You can't avoid going out just because you’re afraid of being hit by a car, right?
Everyone is talking about the altcoin season starting in a few days. What coins should we position ourselves in now for opportunities?
First, let's talk about AAVE and UNI; these two are quite scary. Especially AAVE, which shot up 30% directly after Wednesday's program. It seems that around 380 is a resistance point, and we can take some profits on the way up.
UNI, on the other hand, closely follows ETH's pace. I consider it as ETH with 2x leverage. I believe ETH will definitely break through soon, so UNI also has a good opportunity. We can see if it can get back on board above 16.
My views on UNI and AAVE are as stated in the program: the bull market is coming, and DeFi trading volume is surging, so these sectors will benefit.
Moreover, the current sector rotation is very obvious. Previously, the Solana ecosystem was very wild, but now the focus has shifted to ETH taking off completely. The ENS, Puffer, and UNI we previously positioned ourselves in have benefited greatly, multiplying several times due to early positioning.
These coins can all be bought on dips. After ETH breaks through later, they will also surge again. Additionally, we can also look into Dogecoin, which has been consolidating for a long time. Pepe is also okay; I have some positions too. Let's wait for the next wave of altcoin season!
In 2005, I positioned myself in the following altcoins:
1, SOL
Strong technology and extensive ecosystem layout, expected to break 1200 before December 2025, potentially leading industry transformation.
2, SUI:
Deeply engaged in the high-performance sector, with a strong team, expecting the price to soar to 50, becoming a new star in the crypto world.
3, APT:
Driven by technology and community, target price is 120, expected to shine on the crypto stage by December 2025.
4, OP:
A leader in Layer 2 expansion, the construction of the ecosystem continues to grow, with a target price of 30, expected to be achieved by December 2025.
