The new all-time high for Bitcoin Is less than 5% away from reaching 100,000! Aside from some meme coins and 'vintage coins', other altcoins seem to be frozen, completely still. I see the most resilient people in the market starting to have doubts, they have more and more questions: —— When and how to close positions? Will there be a correction after the peak? — How deep can we adjust? — How high can Bitcoin fly from 100K? In fact, no trader can predict this with more than 50% confidence right now, because a blank chart is a casino! Of course, some indicators and psychological tools may help predict prices, but the only question is the accuracy of these predictions and the dependency on supply and demand. Think about any recent airdrop or listing! Tokens are first rolled out and distributed, then accumulated by strong hands, supply decreases, and then demand is generated for them! They will only grow when demand for the asset increases! Supply shortages are the catalyst for growth! Project this fact onto any market asset! You basically know what will happen next. #BTC再创新高97k $BTC
The Story of Brother 480,000 In 2014, a person appeared in the Bitcoin forum, he bought 100 Bitcoins for 480,000, after that he didn't stay idle, he started posting and live streaming trading. Later, the market value of those 100 Bitcoins fell to 90,000, many people continuously mocked him, mocking "Brother 480,000" was about to become "Brother 60,000." Logically speaking, the loss had exceeded 80%, the remaining tens of thousands should be regarded lightly, and staying there still had the possibility of a comeback. "Brother 480,000" overcame himself, yet he was defeated by a woman! His mother-in-law argued with him over this matter, his wife even threatened him with divorce. Ultimately unable to withstand the pressure, in early 2016, he cut his losses and sold the 100 Bitcoins, recouping 300,000, with a net loss of 180,000. He fell before dawn. By the end of 2017, the bull market reached its peak, and the price of Bitcoin began to surge towards 140,000, if Brother 480,000 could have held onto those 100 Bitcoins, by the end of 2017, it would have skyrocketed to nearly 14 million. Someone remembered Brother 480,000 again, but he never appeared again. He deleted his posts, canceled his ID, and disappeared into the vast sea of people.
Why did the SUI price plummet? A major outage occurred on the Sui blockchain! Sui had a major problem! The Sui blockchain, once known as the “Solana Killer,” suffered a major problem that caused a shock in the crypto community. Within 45 minutes, the blockchain stopped generating blocks, causing the price of $SUI to drop sharply. Currently, the token is trading at $3.42, down 9.25% in the past 24 hours, with a staggering $17.8 billion in trading volume. Why did the SUI price plummet? A major outage occurred on the Sui blockchain! Sui had a major problem! The Sui blockchain, once known as the “Solana Killer,” suffered a major problem that caused a shock in the crypto community. Within 45 minutes, the blockchain stopped generating blocks, causing the price of $SUI to drop sharply. Currently, the token is trading at $3.42, down 9.25% in the past 24 hours, with a staggering $17.8 billion in trading volume. Why did the SUI price plummet? A major outage occurred on the Sui blockchain! Sui had a major problem! The Sui blockchain, once known as the "Solana Killer," has encountered a major problem that has shaken the crypto community. Within 45 minutes, the blockchain stopped generating blocks, causing the price of $SUI to drop dramatically. Currently, the token is trading at $3.42, down 9.25% in the past 24 hours, with a staggering $17.8 billion in trading volume. Why did the SUI price plummet? A major outage occurred on the Sui blockchain! Sui has a big problem! The Sui blockchain, once known as the "Solana Killer," has encountered a major problem that has shaken the crypto community. Within 45 minutes, the blockchain stopped generating blocks, causing the price of $SUI to drop dramatically. Currently, the token is trading at $3.42, down 9.25% in the past 24 hours, with a staggering $17.8 billion in trading volume. #非BTC板块市场走势 $SUI
The current altcoin market has been suppressed for too long, and there is a feeling that it could ignite at any moment. While I was writing this thought, Ethereum suddenly surged, and I wonder if this is the turning point for ETH/BTC. Back to the main topic, let's talk about Bitcoin's market share. I researched the previous bull market where Bitcoin's market share decreased during the rising process, marking the beginning of the altcoin market. In the last bull market, Bitcoin's market share started to decline at 61% (Figure 1) and reached a peak of 52% (Figure 2). Currently, Bitcoin's market share is about 59.2%. If we were to take a hypothetical approach, it is still a decrease of 8% during the bull market. With Bitcoin's current market value at 14 trillion RMB, 8% amounts to roughly 1.1 trillion RMB, which is enough to create a frenzy in the altcoin market. Moreover, I personally feel that we are not far from the altcoin market, perhaps in 1-2 months, especially with Bitcoin's recent crazy increase. The market led by Ethereum has shown no profitability for altcoins, and many people are already unable to hold on. However, I still plan to hold onto my altcoins and do not intend to change positions. In a bull market, frequently changing positions is the most taboo, and besides, making low-to-high trades is not a good choice anyway. Just hold on tight.
Is Bitcoin's hundred thousand dollars still far away?
Trading is always about the present; you sing whatever song fits the mountain you're at. Who is buying Bitcoin at ninety-five thousand? Bitcoin is rising, and even if we say that daily divergence is trading time for space, it continues to rise. Who is buying Bitcoin again? Who is secretly going long? Everyone is very curious about how long this rise can last. As Bitcoin approaches one hundred thousand dollars, this also suggests that Western capital is flowing from the dollar into cryptocurrencies. This trend has far-reaching implications for the global economic landscape. If this trend continues, it will challenge the core of the existing financial system—the status of the dollar. As funds flood into the crypto market, it should be no problem for Bitcoin to break through one hundred thousand dollars with less than ten days remaining in November 2024.
Tonight, buy the dip at 95666 for BTC, directly take profit at 98800 and 99850, there's no need to exit. ETH 3444 is the weekly resistance, last time it rebounded here it was pushed down by 400 points. To be safe, take profit on half when it rebounds to the 3396-3442 area. Keep the remaining position at breakeven. If it breaks through, look for new highs at 3520 and 3596. SOL's maximum pressure above is 257. If BTC breaks 100k and attacks towards 110k, SOL will stabilize here and aim for 300. Generally, BTC will pull back 3-5k points around 100k, so even if SOL reaches 262-268, it will pull back to 257 to confirm stabilization before exploring new highs. This is the recent direction. #聚焦比特币 $BTC
First of all, congratulations to everyone for surviving the days of the counterfeit spot market, which are the hardest to make money and the easiest to lose money. The support for Ethereum is at 3220, but in reality, it can't even reach that support level. The pressure above is 3442, and once it breaks through, it will basically reach three thousand eight or four thousand. This way, the second phase of the altcoin bull market will come. The premise is that Bitcoin must maintain a high position, not break 95000, and either move sideways or go up a bit more. When it rises, it is praised, when it falls, it is defended, and when holding positions, people are advised to hold on, with risks pointed out when prices rise. I never thought I would be someone who leads trades; I stumbled into this path, and since I am doing it, I will do it well. Although I do not rely on subscription fees to make money, the money of others is indirectly controlled by me, and this responsibility is indeed too great; I dare not be negligent. This principle is similar to being a bank's inventory manager, with a monthly salary of 3000, but handling 300 million every day; not a single bill can be lost. For every six followers, there is one subscription; this ratio is not something I can achieve just by making money, but rather because most people are not too averse to me; I dare to think so, and it should not be too excessive. In the cryptocurrency circle, I believe it is not like playing cards where winning and losing is normal, but rather it relies on precise calculations and control to strive for profits in every transaction. In the cryptocurrency world, it is not that others start with four twos and two kings while you only have some circles; rather, regardless of the size of the capital, you can choose your cards yourself. I play this thing just because at first, it was interesting to engage in the game with these people; I won once and wanted to win again; what I won was not necessarily money, but possibly emotional value. Then the more I played, the more obsessed I became. This thing rises and falls, and if you are a little nervous, it’s not real fear; what I fear is that I might harm others. I am not afraid of harming myself; I have no feeling about the money that rises and falls. Usually, I do not watch short videos at all; I just watch the market, and I have no material desires; in fact, I have no consumption plans at all; I just want to use my own energy to do something. #BTC再创新高97k $BTC
Theoretically, if everyone is an insider, the altcoins have fallen so sharply that Bitcoin definitely cannot go up; it will definitely be pulled down because the funds will be diverted. Now, if there are issues with running both ways, outside funds do not want to come to altcoins at all! Even if the altcoins have fallen to the bottom, they would rather buy $100,000 of BTC. This round of the bull market has nothing to do with altcoins; in the previous round, how much profit was preserved by buying Bitcoin and popular coins. #BTC再创新高97k $BTC
Bitcoin rises alone, while other coins remain still? What exactly is being sold in the market? The recent market conditions are driving people crazy: Bitcoin is rising steadily, while other mainstream coins and altcoins are stagnant, as if they are all 'playing dead'. Many might wonder, what is the intention behind this market movement? What changes have occurred in market sentiment and capital flows? Why aren’t other coins following the rise? Limited market capital: Most of the capital is concentrated in Bitcoin, temporarily leaving other coins 'neglected'. Sentiment has not fully warmed up: Although Bitcoin's rise has attracted attention, the overall market sentiment remains cautious, with investors preferring to wait for mainstream or hot coins to show a clear direction before taking action. The strategic significance of the disparity in gains: Bitcoin, as a leading indicator, often needs to first boost market sentiment, after which capital will gradually spill over to other coins. What to do next? 1. Do not chase the rise easily When Bitcoin is leading the rise, the risk of chasing high prices is significant, especially when capital has not fully entered the market. 2. Pay attention to capital spillover effects Once Bitcoin’s rise slows down, funds may flow to other coins, especially to those like ETH and SOL who are seen as 'big brothers'. 3. Ambush hot sectors Recently, one can pay attention to Layer 2, Web3, or Meme sectors, as these areas often see a follow-up rise after a strong period for Bitcoin. Bitcoin rises alone while other coins remain inactive, which is actually a normal rotation rhythm in the market. As investors, it is crucial to maintain patience at this stage and wait for changes in capital flow and market rhythm. Major market movements often brew from anxiety; remember: your stability now determines your winnings in the future!
Dogecoin Forms 'Ugly Triple Top': Analyst Reveals Next Move
Dogecoin's price is currently exhibiting a highly bearish chart pattern on the 4-hour timeframe, indicating that investors may need to exercise caution. After forming a bullish descending wedge pattern between November 12 and 19, the anticipated breakout was short-lived and failed to meet bullish expectations. On November 19, Dogecoin broke out of this pattern, sparking initial optimism among traders. However, cryptocurrency analyst Kevin (@Kev_Capital_TA) had predicted that the breakout would be weak, and the subsequent price action confirmed his prediction. Dogecoin encountered a significant drop at an important resistance level (especially the macro 0.786 Fibonacci retracement level). Kevin emphasized that unless there is a "thorough and fierce breakout" of this level, there is nothing to get overly excited about. He also noted that Bitcoin (BTC) is facing significant resistance, suggesting that Dogecoin's next major movement may coincide with Bitcoin breaking above the $100,000 mark. "Until then, everything will be slow," he pointed out.
Bitcoin rises alone, while other coins remain still? What is the market really selling? The recent market conditions are driving people crazy: Bitcoin has been rising steadily, while other mainstream coins and altcoins are barely moving, as if they are collectively 'playing dead'. Many might wonder, what is the purpose of this market trend? What changes have occurred in market sentiment and capital flows? Why aren’t other coins following the rise? Limited market funds: Most funds are concentrated in Bitcoin, leaving other coins temporarily 'neglected'. Sentiment has not fully warmed up: Although Bitcoin's rise has attracted attention, the overall market sentiment remains cautious, and investors are more willing to wait for mainstream coins or hot coins to show a clear direction before taking action. The strategic significance of the rise disparity: As a leading indicator, Bitcoin often needs to first stimulate market sentiment, after which funds will gradually flow into other coins. What to do next? 1. Don't chase the rise easily When Bitcoin is leading the rise, chasing high carries significant risks, especially when funds have not fully entered the market. 2. Pay attention to capital overflow effects Once Bitcoin's rise slows down, funds may flow into other coins, especially those like ETH and SOL that are seen as 'leading brothers'. 3. Prepare for hot tracks Recently, you can pay attention to Layer 2, Web3, or Meme tracks, as these sectors often experience a surge after a strong period for Bitcoin. Bitcoin rises alone while other coins stand still; this is actually a normal rotation rhythm in the market. As investors, it is essential to remain patient at this stage and wait for changes in capital flows and market rhythms. Major market trends often brew from anxiety, remember: your steadiness now determines your success in the future! #BTC何时突破10万? $BTC
Today's Headlines 1. BlackRock's Bitcoin ETF options debut with 80% bullish, investor optimism grows 2. Canadian investment fund SOL Global Investments is raising $3.6 million to purchase SOL 3. MicroStrategy enters the top 100 listed companies in the U.S. by market capitalization, currently ranked 97 4. Tether Treasury issued an additional 1 billion USDT (authorized but not issued) on Ethereum this morning 5. Data: USDe market cap rises to $3.46 billion, with $1 billion inflow in the past month 6. Analyst: The likelihood of Trump establishing a strategic Bitcoin reserve has increased 7. BNB Chain announces the completion of the Beacon Chain Fusion Final Sunset hard fork upgrade 8. This month, corporate leverage focused on Bitcoin surged, with four listed companies increasing their BTC holdings by billions of dollars $BTC #BTC何时突破10万?
Track real-time hotspots in the crypto space and seize the best trading opportunities. Today is Thursday, November 21, 2024.
The three major U.S. stock indexes closed mixed, with the Nasdaq down 0.11%, the S&P 500 flat, and the Dow up 0.32%. Major tech stocks were mixed; Netflix rose over 1%, while Apple and Meta saw slight increases. Notably, Netflix hit a new all-time high. 'Bitcoin whale' MicroStrategy (MSTR) rose over 10%, with a market capitalization exceeding $100 billion. The cryptocurrency market saw more declines than gains, with Bitcoin's solo bull market on full display, hitting a new high of $94,818 overnight. Bitcoin, spurred by various positive factors, reached new heights, closing in on $100,000. At this moment, the cryptocurrency market is once again showcasing Bitcoin's solo bull market.
Become a Crypto Millionaire by 2025 With These 5 Cryptocurrencies for Under $1 Each
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The leading cryptocurrency Bitcoin (BTC) continues to rise to new heights! Bitcoin reached an all-time high of $94,441 within a day. Currently, BTC is trading slightly below this level at $94,271. This new all-time high surpasses the previous record set last week. This has sparked enthusiasm among investors. Additionally, the ongoing upward trend indicates a certain level of resilience. The subsequent slight decline highlights Bitcoin's dynamic price movements in an environment of increased market volatility. Reaching an all-time high indicates that the bullish momentum remains strong and supports the optimism among traders. This development suggests that Bitcoin may continue to rise and potentially attract more attention from both institutions and individuals. However, this momentum is crucial for long-term price stability. Recent gains in Bitcoin cannot be sustained, and if it falls below the key support level of $89,800, the cryptocurrency price may face a downturn. In this case, a price drop to $85,000 could affect the sensitivity of cryptocurrency investors. Furthermore, it may weaken Bitcoin's ongoing bullish trend and could trigger additional selling pressure. #BTC何时突破10万? $BTC
SUI hits an all-time high but struggles to break through the $4 resistance.
SUI's price has recently seen a remarkable rise, reaching new all-time highs, and has increased by nearly 74% over the past month. This growth reflects asset momentum supported by increased adoption and market activity. Apart from price performance, SUI's total locked value (TVL) has also slightly retreated after reaching a record $1.65 billion. SUI sets a record in total locked value. SUI's total locked value (TVL) is reaching new heights, hitting an astonishing $1.65 billion on November 15. However, it has slightly declined since then, stabilizing around $1.62 billion in the past few days.
Many people in the cryptocurrency world would rather be brutally taught a lesson by the market than spend some time, energy, and costs to improve their understanding and grasp professional skills. Relying solely on luck to make a few gains during a good market or bull market is an illusion. Some even consider following news and copying trades as the ultimate way to make money. In fact, the result of losing money is our true ability. As the saying goes, "with principles but no skills, skills can still be sought; with skills but no principles, one stops at skills!" Through enhancing our understanding and mastering our abilities, we can navigate this market skillfully and achieve long-term stable profits. In the cryptocurrency world, what helps us make money in trading is technology; what hinders us from making money is our mindset; being able to achieve long-term stable profits definitely relies on a trading system that suits us. #BTC何时突破10万? $BTC
Periodically cleaning your management mechanism will no longer be a mob.
Periodically clean your money, clean your power, clean your cognition, so that society can be stable and orderly; this is the management mechanism. It is just these three types of people that are difficult to manage; the more other people are, the more they are just a mob. First, clean your money: inflation, currency devaluation, investment and financial management, entrepreneurship, buying cars and houses, marriage, education, retirement, and various consumerism traps. Wealthy people also rely on their children's down payment money; it can be stopped just like that. Why have big stars, who have been missing for so many years, gone crazy holding concerts and filming movies in the past two years because they are out of money? Why do those big stars, who should preserve their reputation, still do live-streaming selling goods to snatch the common people's rice bowls? Previous generations cleaned up, so there are tens of millions or even billions; don’t boast about that little money, let alone ordinary people.
SHIB has just crossed an important milestone in token burning. With the price rising and bullish signals appearing, many are asking: Can SHIB take off again? The SHIB token burning initiative is in full swing. Since 2021, over 410 trillion SHIB tokens have disappeared from circulation. Yesterday, the burn rate soared by 940%, with 3.69 million SHIB burned in just one day. If you understand this, give us a thumbs up. #SHIB20000U一个亿 $SHIB