Bitcoin suddenly gained momentum last night. Just as the previous article (A spike will surely lead to a surge in prices, Bitcoin has skyrocketed! Trump is about to take office, and these coins will see a big surge! (Attached with ten-fold bull coins)) said, "Breaking through 97200-97700 is a reversal, and it will soon reach 98200-98800. After digesting the pressure of 98200, it will hit the 10w and above space." Bitcoin has not let down any of the bulls, and congratulations to all the friends who bought the bottom during the window period at the end of 24 years.
At present, the market is generally optimistic and investors are in high spirits, but there are also many bearish voices. Next, we can analyze the Bitcoin ETF buying, Bitcoin premium index, leverage ratio and other aspects.
1. Bitcoin ETF buying
Bitcoin ETF: Yesterday, FBTC+ARKB+BITB+BTC had a total net inflow of US$669 million, higher than last Friday’s US$650 million. Bitcoin ETF buying continued to strengthen.
2. Bitcoin Premium Index
The Coinbase Bitcoin Premium Index finally turned positive again, ending the continuous discount since the 18th of last month, and US buying has clearly recovered.
3. Leverage Ratio
The leverage ratio in the market is very low and very healthy. This wave of large-volume breakthroughs back to 100,000, currently retail investors are not following (the fear is that when you wake up, the fees will rise to 30% or even 50%, but the price will remain flat and not rise. Be sure to guard against this situation!!!)
In general, positive factors continue to dominate the market, and the probability of the market continuing to rise in the short term is relatively high.
Bitcoin breaking through 100,000 is a very important signal. It is a W double bottom breakthrough, and there will be very strong upward momentum and trend. I think BTC will remain strong until Trump’s inauguration on January 20. If Bitcoin rises by an average of 1% per day after the breakthrough, it will be close to 120,000 US dollars in 13 days.
After the surge from yesterday to today, BTC may pull back, especially if it hits the 100,000 resistance at the neckline and then continues to move upwards, which would be a perfect trend. Of course, it may not be possible to reach the integer of 100,000, so you can set a higher point, such as 101,200, which may make it easier to trade.
Let’s see if BTC can rise again after Wall Street goes to work tonight. Many small coins can be bought, because after BTC has risen, it will be the turn of small coins to exert its strength. This is called sector rotation.
(1) Dogecoin
It is expected to lead a new wave of market conditions, and the price will move towards 0.42 at least in the short term. At that time, the entire copycat market is expected to be stimulated to rise again. This is actually a wave of opportunities. Combined with January 20, the market will see another wave of frenzy!
(2)APT
In this wave of washing, the price is underestimated in the short term. 11 is its base point. The price has been fluctuating around 11 and will reach 11 sooner or later. As for the high point, it still depends on the general trend. Once the trend is clear, it will definitely go through three waves to the top and it is normal!
