Including this drop, in December, Bitcoin has had three major drops of 10,000 points, with the other two occurring on December 5 and December 9.
In just one month, there have been three crashes, causing many cryptocurrency enthusiasts to panic, and some have even cut their losses and fled.
So, let's do a quick poll: are you cutting your losses and running away now, or are you bravely buying the dip?
I can write a detailed analysis tomorrow if I have time, so stay tuned.

The second dip has come, and the second bottom-fishing should follow!
If you don't believe the bull market will continue, it might be better to sell and get back to work!
It's been 8 months since the halving in April, and this time, whether it's the Christmas disaster or Powell's hawkish stance, it won't affect the rhythm of the bull market. Negative news may delay the bull market, but often because it's exploited by the big players, the washout is more thorough, which could actually benefit the height and duration of the bull market!
$BTC

Bitcoin hits a new high and then crashes! Did you buy the dip? Did you cut losses?
Let's create a graphic to simulate the psychology of some retail investors, please don't take it personally!
Step 1: Hesitant during the bottom consolidation and upward phase, afraid to buy!
Step 2: New highs are reached, continuously buying, hearing everyone say the bull market is here, buying more as prices drop!
Step 3: Massive sell-off, questioning life, finally can't hold on anymore, cuts losses and leaves, swearing never to play again!
Step 4: After the sell-off is completed, the price continues to soar, slapping thighs in regret, wishing they hadn't done it! Starts to repeat steps 1, 2, and 3 in various ways!
Disclaimer: This content is purely fictional; any resemblance to real persons or events is purely coincidental! Please do not take it personally and then mobilize the masses to boycott me!

Bitcoin has fallen again by 10,000 points! #市场调整後的机会？
Falling from a high of 108353 to a low of 98802, a drop of 8.8%; ETH fell from a high of 4107 to a low of 3542, a drop of 13.7%; the altcoins basically fell by more than 20%, and the blood flowed like a river!

This is the third big drop in December within a month!

The first time: On the 5th, it just broke 100,000 and then plunged 10,000 points, but the altcoins did not fall much!

The second time: On the 9th, it fell with force, but it collapsed the altcoins in an instant!

The third time: This time, Bitcoin fell again after breaking a new high (this has almost become a rule), and it collapsed the altcoins again in a way of continuous negative decline and rapid decline!

Whether the reason for this decline is the hawkish remarks of Federal Reserve Chairman Powell this morning (delaying/reducing interest rate cuts) or the "Christmas robbery" phenomenon mentioned earlier! They are just inducements!

The fundamental reason is that Bitcoin has risen enough, and there is not enough new money; and after four rounds of halving bull market, the consensus is too strong and it is too difficult to clean up the market. The market has to be repeatedly ravaged in a short period of time to make retail investors give up resistance and hand over their chips. But if you look at the news, you will know that while retail investors hand over their chips, institutions are raising money to buy!

It was said that every time Bitcoin breaks through an important node, it will be confirmed at least 3 times. I thought this time might be an accident, but there was no accident. Bitcoin broke through 100,000 and then fell below 100,000, and it went back and forth three times, but the highs are getting higher and higher, and the lows are getting higher and higher. That is to say, Bitcoin fell three times in a month, but the overall price continued to rise!
From the perspective of liquidation, this time it was about 500 million, far less than the 1.7 billion on the 9th, indicating that the leverage has been almost cleared.
Therefore, this decline is still a wash-out, and it may be the last wash-out before the big rise, and it is also the last chance for retail investors to get on board;
Let me talk about another issue. The performance of altcoins in this bull market is so bad that many people say there is no altcoin season, but I say that the altcoin season is coming, and Bitcoin will soon be full and vomit!
After this decline, not many people in the market dare to publicly call for bottom-fishing, and even say that the bull market is over!
But I have always been clear-cut: the time for bottom-fishing is here, and positions are built in batches! The bull market is still long! Dare to buy if you dare to fall!
It won’t take too long, three months later, you will thank yourself for being brave now!$BTC

The Federal Reserve's interest rate decision has been finalized, with a 25 basis point cut, which was not unexpected;
However, there have indeed been voices calling for a slower pace of rate cuts. The Fed's dot plot indicates that the expected number of rate cuts in 2025 has been reduced from 4 times in September to 2 times this month; The median interest rate expectation has also risen from 3.4% in September to 3.9% this time.
But this is just an expectation, and expectations can change with each meeting. Ultimately, we will have to see how economic data such as CPI, non-farm payrolls, and PCE perform.
Moreover, it was mentioned in the previous article: With 34344172100 taking office, there will definitely be various ways to urge the Federal Reserve to accelerate rate cuts, which is also a major reason widely believed to be favorable for the crypto market when Trump won.
In any case, this rate cut has indeed materialized, which is good news, and we will have to wait until January 20th to see how Comrade Jianguo performs after taking office.
Personally, I believe that the market will mainly trend upward in a volatile manner. The bull market is about to enter the fast lane, please hold on tight and wait for takeoff.

At 3:00 a.m. today (3:00 a.m. tomorrow), the Fed's last meeting in 2024 will be finalized. According to the mainstream market expectation, the interest rate should be cut by 25 basis points;
However, today's decline and the current sideways trading seem to indicate that something is brewing!
1. If the interest rate is cut normally, and Fed Chairman Powell does not say anything unusual, then today's decline is purely for cleaning up the market, and the market will continue to rise next;
2. If there is something unusual, and the interest rate is not cut or Powell is hawkish and says that the interest rate cut will be slowed down later, there may be another wave of decline.
I personally tend to favor the first situation at the moment, so let's wait and see! $BTC

Is the bull market coming? #加密市场盘整

From the historical market, 7 or 8 months after the halving, the altcoin season is just the time to explode;
The second halving was in July 2016. 7 months after the halving, that is, by the beginning of 2017, the price of Bitcoin rose to around US$1,000, ushering in an epic bull market. ETH became the leader of altcoins, soaring 140 times. A number of altcoins such as LTC, XRP, and BCH also began to grow explosively during this period.

The third halving was in May 2020. 7 to 8 months after the halving (from the end of 2020 to the beginning of 2021), Bitcoin broke through the high value of US$20,000. The altcoin market began to usher in the "DeFi boom" and "NFT boom". UNI, AAVE, COMP, AXS, Flow, etc. began to become hot spots. Other well-known altcoins such as BNB, ADA, FIL, DOT, etc. also began to soar one after another, driving the entire altcoin market to explode.

The fourth halving will be in April 2024, which is exactly 8 months away. Now all the external conditions are in place, and it is time for the altcoins to explode.

Looking back at the current specific market conditions, every time Bitcoin breaks a new high, it will immediately stab, almost without exception, which is mainly to explode those who chase the rise with high leverage. If nothing unexpected happens, Bitcoin will go to 120,000 this time. After Bitcoin stagnates, it will be time for altcoins to take over and pull up.
What should be done in the future to seize the opportunities that come at any time? Tonight's article will talk about this in detail.

#BTC再创新高 Now every time Bitcoin breaks a new high, it immediately spikes back down, almost without exception. This is mainly to liquidate those who are chasing with high leverage, thinking that once a new high is broken, the sky above is limitless.
The practice of looking back every three steps is very annoying, but pulling up while washing the market sounds much more pleasant, right? If nothing unexpected happens, this wave is heading towards 120,000, and then we'll see if it continues after that. After stagnation, it's the time for altcoins to take over and surge! $BTC

Bitcoin is breaking new highs repeatedly, while altcoins seem to be preparing for a downturn!
I estimate that many crypto enthusiasts are feeling frustrated: when Bitcoin was over 40,000, the altcoins in hand were at this price level, and now Bitcoin is about to reach 110,000, yet the altcoins are still at this price level!
In fact, regardless of how this time Bitcoin's attempt to hit 120,000 turns out, it is time for the altcoin season:
1. Last night, ETH finally broke through the high created during the small bull market in March this year, as a barometer for altcoins, the wind has picked up;
2. The altcoin season index actually rose to 86 at the beginning of December, but due to a wave of sharp declines for a washout, Bitcoin has now broken through first; currently, the altcoin season index is at 65, just a thin layer of paper away from 75;
3. Historically, the 7/8 months after the halving is when the altcoin season truly erupts;
4. Now the market is calm, the overall environment is stable, the Federal Reserve will lower interest rates on the 19th, and on January 20th, Comrade Guo will take the throne, the market makers must take advantage of this to push up a wave.
I have previously mentioned the idea of bottom fishing multiple times, and I have also said that the time window for getting on board is closing increasingly; every time I publish an article, whether I talk about bottom fishing, corrections, or which coins to buy, I will explain the underlying logic, hoping that the crypto enthusiasts reading will gain something, and of course, it would be even better if it can be transformed into their own understanding!
To learn more, check out the new article: 比特币冲击12万，疯牛要来了吗？如何抓住疯牛？

ETH has broken through $4100 again after 8 months, finally surpassing the high point created during this year's mini bull market in March;
Next, we have to look for resistance levels on the monthly chart. Currently, the last resistance range before the historical high is between $4400-$4500, and $4100 is considered a minor resistance level, mainly to help those who are still stuck from March of this year.
As the benchmark for altcoins, ETH has been criticized heavily this year, with SOL fans claiming they will replace ETH as the king of public chains, and XRP holders saying they will take ETH's position as the second-largest market cap... It seems like ETH is on the verge of death; but who can blame it for performing so poorly this year! #BTC再创新高
After ETH breaks through, the countdown for altcoin season will really begin. Many altcoins are still at very low prices, so don't fear heights and don't hesitate; this could be the last chance to get in. We wait four years for this, isn't it just to find the opportunity for a hundredfold rise? Don't say you're only in it for BTC when there's less than two to three times the increase left?
The coins mentioned in previous articles and tweets include: SUI, PIXEL, TIA, ICP, FIL, DOGS, ATOM, THE, SAND, UNI, BOME, ORDI, AAVE, LINK; public chain projects: APT, ADA, DOT, AVAX, TRX, MATIC, NEAR, etc.; MEME coins: DOGE, SHIB, PEPE, FLOKI, TROLL, DOGS, ACT, etc.; AI projects: FET, AGIX, AI, WLD, etc., everyone can consider buying these;
These coins were also mentioned in the article at the end of November: 比特币临近10万开始滞涨，接下来哪些山寨币会暴涨？

Based on the recent surge of Bitcoin, the situation looks quite healthy. A couple of days ago, we saw a fluctuation that drained some altcoins, and then, before most retail investors even reacted, a new high was directly established, followed by a slight pullback that tempted some shorts, continuing the push towards new highs.
I know some people are already considering shorting, especially the seasoned investors; it's said that novices die from chasing highs, while veterans die from shorting too high.
However, don't rush to short just yet. You can look at shorting or even short other cryptocurrencies like ETH, but be cautious about shorting BTC.
Although the current positions indicate that if it drops, the amount of long positions liquidated will be higher for the market makers, there are multiple market makers involved with Bitcoin. If one market maker decides to dump, they must consider whether they can buy back at a lower price without benefiting other market makers.
Compared to harvesting a bit of long positions, losing the chips in hand would be a greater loss; after all, Bitcoin currently has more wolves than meat, and many institutions are eyeing the opportunity to scoop up the meat. This is also why Bitcoin has been so strong in this halving bull market!
Next, on the 19th, the Federal Reserve is likely to meet and cut rates by 25 basis points, which gives Bitcoin a chance to challenge the $115,000–$120,000 mark. Hold onto your chips and don't fear heights!

How do retail investors get liquidated? Why are there more people losing money in a bull market?
This friend of mine is a typical representative: high leverage! High deposit! Always 100 times, opening a position with 100 USDT and using 1000 USDT as a deposit, euphemistically called resisting fluctuations!
Then he won 9 times, making a little money, but lost once and everything was gone!
When I started trading contracts in 2019, I also went through this, relying on my ability to analyze the market, I leveraged 100 times and made 30 times profit within a week, but lost it all in 15 minutes!
This friend still trusts me a bit, listened to my advice to stop loss, went long on BTC, and has made back some of his losses.
But many crypto friends don’t listen to advice, and even when they are down -600%, they still ask me what to do? I'm not a deity or a market maker! Like a gambler blinded by luck, the more they bet, the more they refuse to stop loss, and in the end, everything is wiped out in one final wave.
Trading contracts requires considering the risk-reward ratio, reducing the number of openings, waiting for the right opportunity to enter, lowering the leverage, and setting proper take profit and stop loss. The best scenario is to lose 3 times but make back everything with one win.
In a bull market, opportunities are everywhere, and the most important thing is to protect your capital. I hope all crypto friends who love trading contracts can gain something from this!

Talk about USUAL, a new cryptocurrency that has recently gained a lot of attention on Binance;
1. Reasons for optimism
USUAL is the 61st project launched on Binance Launchpool and is currently one of the hottest concepts, an RWA project. USUAL is quite popular in the market, having completed two rounds of financing this year, with a total amount of 8.5 million USD. Currently, the total TVL on the USUAL platform has also reached 350 million USD, close to its historical high.
According to official statements, 90% of the total token supply will be allocated to the community, and 10% will be allocated to insiders (team, advisors, investors). This is a relatively fair distribution method that can effectively attract real users to participate in its ecological construction.
2. Top prediction:
Currently, USUAL's market capitalization is small enough, ranked 307, which is very low, but it also indicates significant room for improvement. In the short term, USUAL hopes to break into the top 100 market capitalizations, leveraging the current market enthusiasm. If USUAL enters the top 100, there is still a potential increase of 500%.
3. Suitable investor group: Suitable for investors with assets in A4—A6, high returns, high risks.
4. Overall recommendation index: 3.5 stars ⭐️.

Bitcoin reaches a new high again, how much longer can this halving bull market last?

After waking up from a deep sleep, BTC Bitcoin has reached a new high again! The scent of a bull market is getting stronger! #BTC再创新高
Although it was mentioned earlier that the recent fluctuations and consolidation would be the last phase of this round of decline, I didn't expect it to break new highs so quickly! After only about 4 days of consolidation, it couldn't wait to break a new high again. All I can say is BTC is amazing and never disappoints anyone who buys it!
Friends who follow me know that I completed my bottom-fishing on the morning of the 11th when I stepped in for the second time. I have repeatedly reminded everyone to build positions in batches, and even suggested opening low-leverage contracts for mainstream coins like ETH, FIL, ATOM, WLD, ADA, etc. (I rarely remind friends to open contracts);
The USDT contracts I held for a few days have automatically taken profit, which is great, but I must remind you of the risks: for those who haven't jumped on board yet (those who haven't jumped in at this time really have extraordinary patience), you can buy some altcoins you believe in. As long as they aren't completely trash coins, you can buy anything, and it will rise. However, if you chase after prices and open contracts, I think you need to think carefully and be prepared for possible losses (no matter what, contracts must have take profit and stop loss; holding positions could lead to losses, regardless of how many times you've been successful before—don't hold positions!).
As BTC reaches a new high again, let's conduct a survey. How long do you think this halving bull market can last?
1. About a year, until the end of 2025, when the Federal Reserve's interest rate cut cycle ends, please respond with "1";
2. About half a year, around May 2025, which marks the one-year anniversary of Bitcoin's halving, please respond with "2";
3. 2-3 months, when Trump is inaugurated and international situations settle down, please respond with "3";
$BTC

$BTC fluctuates by 1%, altcoins drop by 5%, Bitcoin quickly rebounds, while altcoins are lying still on the ground!
This is the current situation, a turbulent washout targeting altcoins, or in other words, washing out the retail investors' holdings, as retail investors hold onto altcoins!
There are two possibilities in this situation: 1. Bitcoin is siphoning off, laying the groundwork for a new rise; 2. The market faces increasing risks, leading to a hedge sell-off of altcoins into Bitcoin! So, fellow coin enthusiasts, what do you think, 1 or 2?

Bitcoin has been fluctuating these days, and the K-line is almost straight. This was said on Thursday: Next, it will enter the last stage of the wash, and the ups and downs will wear down people's patience and wash out those who are not firm.
The change may be on Monday, or it may be around the early morning of next Thursday, because on the 19th, the Federal Reserve, the Bank of England and the Bank of Japan will successively make interest rate decisions (specific times are: 3:00, 11:00, 20:00);
At that time, it is likely to fall first and then rise; after that, there will be the so-called "Christmas robbery" around the 25th; these things were mentioned in 12月币圈财经日历 issued at the beginning of the month.
Now the overall market is in a range of oscillation and tightening, but the main trend is rising; as we all know, this market is oscillating 90% of the time. When you wake up from a sleep, the days with multiple 0s or even two 0s in your account are all in patient waiting, and they come suddenly! $BTC