The cryptocurrency market has fully rebounded! What should we do next?
Ah, we've finally made it through. In a bull market, there are often sharp drops, and there are many long positions. Meanwhile, bears take profits during the plunge and switch to long positions, and then a new market begins. Shuqin mentioned this to everyone yesterday, don't be afraid of sharp drops, hold onto your coins, and if you have spare money, boldly buy the dip.

Yesterday's turning point was the positive PCE data and the Trump family's WLFI project increasing its ETH holdings. Shuqin notified everyone immediately that a rebound was coming. I wonder if you guys had the courage to enter the market?
Currently, ETH is approaching 3600, which may face some resistance, and then the second resistance is near 4000. High-leverage contracts can consider taking profits near resistance, while spot and 2x long-term positions can be held continuously, looking at 8000 by March next year.

As for Shuqin, she traded 700 ETH yesterday, which can be considered a small gain, and the price charts were shared earlier.
Trading cryptocurrencies is about being greedy when others are fearful; extreme panic is the time to enter the market, buying what others dare not buy.

The turning point of the cryptocurrency world has finally come!
The inflation data just released showed that both PCE and core PCE beat expectations, falling an additional 0.1%. This greatly alleviated the current rumors that the Federal Reserve will cut interest rates less next year, and now that Wall Street is back to work, a rebound is expected.
In addition, if you look at the on-chain data, you will find that the Trump family's WLFI has increased its holdings by 759 ETH. Oh, Trump is buying at the bottom?

Americans are waking up.

[Analysis] What will happen to the "slow rise and sharp fall" in the cryptocurrency circle?
It usually occurs in the rebound or trend reversal rising stage, which is a typical bull market wash-out technique.
A coin has finally risen for a few days, and suddenly fell sharply in one day. The rise of a few days is not enough to fall in one day. In this way, most novices and those with poor tolerance will obediently hand over their chips;
After the decline stops and stabilizes, it will start to rise slowly. Generally, the stock price will hit a new high. When it reaches a certain height and there are many follow-up orders, the main funds will repeat the old trick again and kill the car on the way up. Generally, this kind of decline is characterized by fast speed and short time.
Sometimes in just a few days, the market will fall by 5%-10%, and sometimes it will be 15%-20% for a long time; but generally it will be adjusted to the maximum limit with important support lines.

Finally: Do you have anything to say to Powell?

If it falls again, I will call the police!

Damn, this is confusing me, what should I do now?
I am very worried about one thing. Although the Bitcoin callback is normal, it has risen from 60,000 to nearly 110,000, and the callback to 90,000 is acceptable.
But what I am worried about is that Bitcoin is still at a high level, while the altcoins have already jumped. Assuming that Bitcoin does not hold up here and continues to callback to 90,000 and 93,000, what will happen to the altcoins?

But don't chase the poor enemy. Coins like ETH have fallen so much, there should be a rebound, such as around 3,600. So if your leverage is too high, you can reduce the leverage when it rebounds to prevent it from happening. And those who have extra money can buy some. I think it will rebound after such a big drop, and then choose the direction again.

In the worst case, the absolute support of BTC is 90,000, and the support of ETH is at the 3,000 mark. Everyone should pay attention to their leverage. Although Powell's market crash this time was beyond everyone's expectations, I think there should be a wave of market after Trump's inauguration on January 20, so I regard this pullback as a necessary consolidation before another rise. I will take a gamble on January 20. There are still 30 days left, so there is plenty of time for the market to consolidate and recover.

The biggest opportunity in this wave of crash should be Doge. I will enter here!
Doge has pulled back from 0.48 to 0.34, a 30% retracement, and the coin price has consolidated sufficiently. The 0.33-0.35 range is also the 0.618 golden ratio support level for Doge's retracement. I think this is an opportunity because in a month, Musk will take over the White House, and there is an 80% chance that Doge will soar.

Additionally, I want to diss Powell here. This old guy is really overindulged, saying he doesn't support Bitcoin, which caused a major upheaval, causing our Ethereum longs to hit stop-losses. I haven't tasted the flavor of stop-loss in a long time, and I really thank you!

Currently, there are very large buy orders around 3420 to 3520 for ETH, providing strong support. So I will buy some ETH on dips, of course, I won't use high leverage for left-side bottom fishing, just a safe 2x leverage will suffice. With 2x leverage, a 50% drop would cause liquidation, but ETH won't drop to 1800, so it's risk-free. However, the returns are doubled. I will firmly hold my long-term position in ETH until the Prague upgrade in March next year, and no one can shake my faith.

Shu Qing has been in the crypto circle since 2017, and has seen all sorts of storms. A 10%-20% pullback after ETH doubles is really nothing. If you are anxious and can't sleep well, shouldn't you check if your leverage is too high?
I still tell newcomers the same thing: earn as much as your capital allows, don't be greedy for multiples just because your capital is small; it's easier to go to zero.

Ah, something went wrong again. Can the crypto market recover? Let's take a look:
A statement from Powell caused the Nasdaq to plummet by 3.61%, close to the largest drop in recent years. Moreover, Powell's hawkish remarks didn't stop there! He specifically criticized the crypto market, stating that the Federal Reserve cannot hold Bitcoin. This led to a 5% drop in Bitcoin, which is just terrible.

This is a hard market crash; no one could predict what he said, it really was a bolt from the blue. It's not just retail investors; even Wall Street can only stand there and take the hit.
The main reason for this plunge is Powell's indication that there won't be significant interest rate cuts next year, possibly only two cuts, which has caused various assets to decline.

However, the crypto market is holding up relatively well, with Bitcoin's drop being similar to that of the Nasdaq, without much additional decline. Powell's statement about the Federal Reserve not holding Bitcoin does not affect Trump's Bitcoin strategic reserves because the strategic reserves are held by the government, not the Federal Reserve.
So on January 20th, when Trump takes office, there is still a good chance that BTC will become a national reserve.

In fact, despite Bitcoin's sharp drop, if you look at ETFs, there is still a significant net inflow of funds. What does this indicate? It shows that Wall Street views this plunge as an opportunity to enter the market, not to exit.
During this period, there may be some secondary bottom testing, but don't be afraid; these are all opportunities to get on board. Once the adjustments are done, the crypto market will set off again. Shuqin is with everyone!

It's torture, it's the familiar time of Asian market crash again. Every time the Americans work hard to pull up the market at night, Asia keeps selling when they wake up. I don't know what they are thinking.
ETH hit the 4000 mark for the fourth time in this cycle, but was brought down by Bitcoin. This time, it seems that it will take a deeper correction to continue to attack. At present, in addition to the support of the 3800 mark, you can also pay attention to the trend line near 3730. If you reach it, you can short one hand, and you will probably get a good rebound. And before, our long orders were 4050 for stability, and the points were relatively accurate.

In the long run, Ethereum's 4000 resistance is definitely unbearable. This time it is at most a failure to hit, and it will be adjusted back for 1-2 weeks. The next time it reaches 4000, it will really break, and it will be the beginning of a new round of main rising waves.
In fact, the bull market is still long, don't rush for success, the market always goes up and down, it takes a year to complete, not just a few weeks. We must be prepared for a long-term battle and try not to bet on high-multiple contracts as the margin of error is too low, because the one who survives to the end is the real winner!

Ethereum has broken through, first looking at $5000, next step $8000!
As we analyzed yesterday, large funds did indeed enter Wall Street last night, with both Bitcoin and Ethereum breaking through.
Many people think that Ethereum might be a false breakout, but you have to consider that BTC has truly broken out and will continue to rise, while ETH had previously tested the $4000 level multiple times, so I tend to believe that this time the $4000 level is a true breakout, about to enter a price vacuum zone, it’s a sea of stars!

The current strange market situation is indeed as we analyzed a few days ago, where Bitcoin is sucking liquidity from small coins. Bitcoin needs to rise first, for example to around $120,000, before small coins will start to rise and explode.
Actually, I was quite surprised that Ethereum was able to rise with BTC without being drained. It seems that Ethereum's ETF is indeed effective, being flooded by Wall Street's large funds, soaring together.

We firmly entered long positions in ETH at over $3800. At that time, many people were bearish, caught by the liquidation data, even shorting and getting liquidated, while our community was aggressively adding positions, buying what others dared not buy.

If you haven’t entered ETH before, you can buy on the dips this time, as it is expected to reach the $5000 level. On the other hand, with BTC and ETH skyrocketing, the arrival of altcoin season is a certain event, so coins like Pepe, Uni, Doge, and AAVE can be good points to accumulate on dips. In about a few weeks, the altcoin season should start, don’t say I didn’t remind you~

Does Sol still have a chance?
From the candlestick chart, his current trend is very typical, forming a common ascending flag pattern. This usually occurs after a significant rise, followed by a consolidation. Previously, Bitcoin also had a similar trend from April to October, but that was in a much larger price range.

So, with Sol rising from 120 to over 260, a 20% pullback is still considered normal. If you prefer to play it safe, you can enter on the right side of the trade, waiting for it to confirm a breakout above the descending trend line before entering long, which might be a more stable approach.
Additionally, Bitcoin is breaking its previous high again, and there is a good chance it can stabilize. Let's see if the funds entering the market tonight on Wall Street can push it up again.

Great wealth comes to those who are always prepared for opportunities.

Bitcoin now makes people love and hate it!
We can clearly observe a trend, that is, the dealer is collecting funds and preparing to go all out for Bitcoin.
We analyzed this before the small coins fell yesterday. The big coins began to suck the blood of the cottage coins to accumulate power for the next round of market. So every time Bitcoin fell or even rose, the small coins pulled back a lot. This is a very normal phenomenon, which is common in the early stage of the outbreak. Wall Street ETFs are adding positions every day regardless of whether they pull back or not, buying the chips that retail investors were shaken away.

The end of a market is just the opposite. Bitcoin is powerless, but the cottage coins and animal coins are soaring. It is a market that sucks blood from the big coins in the opposite direction. This represents the end of the market.
And I said yesterday that many small coins have not broken the previous highs, so how can there be a market terminator?
The bull market in the currency circle has only risen for one month in November. Don't rush for success. There is still a long time in the future. I am looking forward to the arrival of 2025.
What about you?

Did you know? The hundred billion giant MicroStrategy in the cryptocurrency space has been selected for the Nasdaq 100 index! Trading will begin on December 23, and the cryptocurrency market is about to enter a period of rapid rise!
Now that it's on the Nasdaq, how far can the S&P 500 index be? This is just the early stage of Wall Street's foray into Bitcoin, and the cryptocurrency market will experience a qualitative leap in the next 3-5 years.

In the short term, Bitcoin's rise may potentially siphon off funds from altcoins. If this happens, don't be surprised; this is a normal process. Because Bitcoin is like a ruler that determines the upper limit of all coins. Only when it breaks through will other smaller coins start to react.

So it can also be seen here that the cryptocurrency bull market is far from over, because the end of a bull market always comes when the meme coins go crazy. Many meme coins haven’t even broken their previous highs yet, so where’s the talk of madness?
Be patient; a greater pillar is still to come!

It's nighttime, Americans are about to wake up! Rubbing hands in anticipation

Which coins have opportunities in the current layout?
First, let's talk about AAVE and UNI; these two are quite scary. Especially AAVE, which jumped directly by 30% after the program on Wednesday. It seems that around 380 is a resistance point, and one can take profits at higher levels.

UNI closely follows the pace of ETH; I treat it as ETH with a built-in 2x leverage. I believe ETH will definitely break through in the future, so UNI also has a great opportunity. We can see if it can get back on track above 16.
My views on UNI and AAVE are as mentioned in the program: the bull market is here, and the trading volume in DeFi is surging, so these sectors will benefit.

Additionally, the rotation of sectors is very obvious now. Previously, the Solana ecosystem was very hot, and now the spotlight has shifted to ETH taking off. The ENS, Puffer, and UNI we laid out earlier have all benefited greatly, multiplying several times due to early positioning.
These coins can be bought at lower levels; once ETH breaks through later, they will all make another wave. Also, Dogecoin can be a good option; Doge has been consolidating for a long time, and Pepe is doing okay as well. I am also positioned there; let’s wait for the next wave of altcoin season!

The giant whale has entered! Just now, Teda has issued an additional 1 billion USDT! This hot money is being quickly transferred by institutions to major exchanges, and it seems that a new wave of buying is about to arrive!
Institutions are really wild; they just issued another 1 billion USDT today. It seems that the second wave of the main upward trend shouldn't be far away. Please be patient and wait with me!

Huge pump! Ethereum is skyrocketing!