Since Ether started its big rebound cycle in 2023, the market has begun to recover.
Although its performance is slightly inferior compared with the big pie, it has recently hit the $4,000 mark again and successfully broke through the test of the large cycle suppression line. It is expected to make a strong return.
The current price of Ether is around $3,845, approaching $4,000.
This price point has constituted significant resistance in the past period of time, resulting in multiple corrections, which fully demonstrates that the selling pressure from above is quite heavy.
Only by completely and effectively breaking through the $4,000 to $4,100 area can we further expand the upside space and then test upwards to $4,500 or even higher.
At the same time, the key support level near $3,500 below cannot be ignored, as it is the low area formed during the recent bullish move.
If the price pulls back to around $3,500 and stabilizes, you can pay attention to whether there is a signal to stop the decline, and you can consider a low-level accumulation plan at that time.
On the other hand, if the support area is broken, then you need to remain cautious in the short term. It is wise to stay on the sidelines and wait patiently for a more ideal buying opportunity.
Yesterday, we intervened at the resistance level and made some operations, with a price drop space of over a thousand dollars.
However, the market's bullish sentiment remains extremely strong. When the price dropped near the support level of the range, it quickly welcomed a V-shaped reversal in the evening.
Subsequently, Bitcoin did not show a downward trend, so in this situation, we should minimize short positions. The current price of Bitcoin is around 106800, and at this time, we can wait for a price pullback to go long.
From the trend, Bitcoin has now formed a relatively standard upward channel. The next step is very likely to pull back to around 105500, at which point we can open long positions at this price level, with the expected target being to break through new highs again.
Bull markets typically exhibit the following characteristics:
Firstly, the dominance of Bitcoin (BTC) gradually increases, taking a leading position in the market and absorbing funds from altcoins, showing a sustained strong momentum.
Secondly, Ethereum (ETH) takes over the upward trend of BTC and embarks on a rapid ascent, with related hot altcoins rising alongside, such as L2 scaling solutions, blockchain games, metaverse applications, and emerging public chains, all benefiting from the upward trend.
Thirdly, the market enters a stage of widespread bullishness, creating a crazy scene where assets double overnight. The moment for MEME concept coins to shine arrives, and various worthless tokens, altcoins, scam coins, and air coins see their prices skyrocket, with such intensity that it leaves one amazed at the extent of the market's madness and filled with doubts.
There is really no need to worry about the several cryptocurrencies involved in the Layer 2 segment of the Ethereum Layer 2 series.
Currently, the average price calculation shows that the floating loss is not yet 10%. Compared to those investors in the market who blindly chase high prices, you are already quite lucky.
As long as the market rebounds slightly, profits can be realized.
It’s important to know that these positions are all critical price points.
When Ethereum (ETH) once again attempts to break the 4000 price level, it will be the best time for you to highlight your cost advantage, so there is absolutely no need to worry.
In as little as 3 to 5 days, or up to 7 days at most, the price is very likely to rebound.
If in a full position, after the price rises, you can reduce the portion of your cost that is at a high level. During the operation of Layer 2, always ensure that you have the space and flexibility for capital turnover; only in this way can you maintain an undefeated stance in the market.
Brothers, let's first take a look at the movements of the US stock market and Bitcoin last night, which was simply a replica of the movement on the 26th of last month, but the results were vastly different.
On the 26th, BTC dipped to $15,000, with a drop of up to 13%, while altcoins only fluctuated by a few percentage points, suffering almost no impact.
However, last night Bitcoin dipped to $6,000, with a decline of only 6%, while the altcoin market was a disaster, dropping at least 20%, with some down 30% to 50%. Especially for altcoin investors who entered at a high price in the past two days, it’s another round of lamentation.
I have repeatedly reminded everyone not to chase high prices and to patiently wait for a pullback before entering the market. Follow the principle of buying small on small dips, buying large on large dips, and buying aggressively on crashes. Congratulations to those who successfully entered last night and during the early morning dip; your average price is currently in a profitable state.
The downward trend of BTC has not yet ceased, and a complete stabilization has not been achieved.
The closing situation tomorrow morning is extremely critical. If there is a significant increase in trading volume and it successfully rises above 99,000, then the resistance levels above should be closely monitored at 101,500 to 103,700 and 107,000, among several key positions.
However, given the current situation, even if a rebound occurs tomorrow, its strength is likely to be short-lived, and the trading volume appears insufficient.
If the closing price tomorrow morning is below 99,000, then the support levels at 97,300, 95,600, and 93,600 must be closely watched. #市场回调抄底还是观望? #SUSHI价格飙升
Noticed a cryptocurrency with considerable potential and positive news: HOOK.
It belongs to the education sector, along with EDU, and is a project in Launchpool.
It is worth mentioning that it was carefully selected by CZ during his tenure.
Recently, its official Twitter released an announcement, and currently, it cleverly leverages the popularity of AI - Agent, coinciding with Musk and DWF Labs publicly laying out AI strategies, indicating that HOOK may be capitalizing on this trending topic.
From its recent K-line trend, it shows good performance and is worthy of attention.
Medium to Long-Term Trading Real Practice Review: BNB
Previously, some friends mentioned that it was mostly very short-term real trading, this time it is a large-scale line trading.
Trading Objective Setting: After the breakthrough of the weekly central axis forms the third buy, capture a daily trend.
Entry Timing Selection: After the completion of the seventh move on the daily line, enter when a breakthrough occurs at the weekly central axis forming the second buy on the 4-hour line, and the initial signs of a bullish trend at the secondary level appear.
Exit Timing Determination: Determine the exit based on the second sell at the daily level and the second sell at the 30-minute level.
Specific Operating Steps are as follows:
Firstly, enter when the bullish signs are initially revealed within the 4-hour secondary central axis, setting the stop-loss at the first buy price level of 543.
Secondly, when the second sell occurs on the 4-hour and the bullish trend begins to develop, execute the clearing operation to exit.
Thirdly, since the small-scale bullish structure is broken in the opposite direction by the bullish, re-enter, setting the stop-loss at the lower boundary of the central axis at the price level of 600.
Fourthly, when the second sell and the secondary bullish trend begin to develop, exit again.
This trade's buying price was 607, selling price was 742, employing a full clearing operation model, with a final profit rate of 19%.
Overall, this trade belongs to a relatively conventional operation of three buys and two sells in spot trading, the technical difficulty is significantly lower compared to very short-term operations, and frequently conducting such trades has limited effects on improving technical skills, only able to give a passing evaluation.
Once the price of Bitcoin falls below $98,000, the cumulative liquidation intensity of long orders on mainstream CEX platforms will reach $1.214 billion.
On the contrary, if the price of Bitcoin successfully breaks through $100,000, the cumulative liquidation intensity of short orders on mainstream CEX platforms will reach $136 million.
It should be clear that the liquidation chart is not used to present the exact amount of liquidation and Yue, nor the exact value of liquidation and Yue.
The columns in the liquidation chart actually reflect the importance of each liquidation cluster compared to the adjacent liquidation cluster, which is the so-called strength.
Therefore, the liquidation chart reflects the extent to which the underlying price will be affected when it reaches a specific position.
Among them, a higher "liquidation column" means that when the price reaches the corresponding position, it will trigger a stronger market reaction due to the liquidity wave.
Do you remember the lesson from Germany 4 months ago?
They sold all 49,858 USD worth of BTC when the price was only 57,000 USD, making 2.88 USD, with a profit of about 33%. Sounds good, but if they had been a bit more patient and held on until now, the profit would have been ~.
What’s the ratio, guys?
This is not a story of 'ending', but rather a bloody lesson for those who hold coins. Don't let this short-term volatility frustrate you.
'Hang in there' is not just a fun slogan.
For those who want to win the big prize, this is a guide.
Analysis of Bitcoin Trading Strategies on December 6
After experiencing the spike in the early morning, we have successfully verified the effectiveness of the mid-track support.
Tonight, the highly critical non-farm payroll data is about to be released.
Based on an in-depth assessment of the current market situation, this data is likely to be below market expectations, and this outcome is likely to translate into a significant positive factor for the cryptocurrency market.
Meanwhile, the market's expectation probability for a rate cut in December has exceeded 75%.
Focusing on trading operations during the day, considering the extreme market conditions that have occurred today, we should adhere to the concept of range oscillation repair to respond flexibly.
As for whether the trend can ultimately be established, we still need to patiently wait for clearer guidance from the non-farm payroll data tonight.
The specific trading operation suggestions are as follows:
btc: Position for a long near $97,000, with a profit target set in the range of $98,500 to $100,000.
eth: Build a long position near $3,800, with an expected profit target in the range of $3,950 to $4,000.
In-Depth Analysis of Bitcoin Price Trends: The Bull Market is Thriving, and Retracements Present Entry Opportunities!
Technical Analysis: Interpretation of Symmetrical Triangle Formation: The symmetrical triangle formation often indicates that the market is in a state of entanglement and repeated game playing; however, based on past experiences, it generally concludes with bullish strength prevailing.
Observing the recent price fluctuation trajectory of Bitcoin, its price has already broken through the upper boundary of this triangle and has firmly established itself above the critical $100,000 level, which fully demonstrates the strong buying power in the market.
Operational Strategy Planning: Key Points for Bull Market Operations:
Being in a bull market, the core operational principle is to unwaveringly follow the trend; going against the trend often only leads to losses. In this trend context, price retracements are precisely excellent buying opportunities, and one must not miss the golden chance to enter the market.
Short-term Operational Strategy: If the price of Bitcoin shows a retracement and approaches around $100,000, consider decisively entering the market while setting a stop-loss price below $98,000 to effectively manage risk. The initially set first target price is $115,000, the second target price is $130,000, and once these target prices are successfully broken, there is a high probability of opening up broader upward space.
Conclusion: Bitcoin is currently in a very strong bull market; do not hastily change the established operational strategy due to short-term price retracements. $BTC
In the past fifty years, whenever inflation in the United States has sharply peaked, it has typically been followed by a period of economic recession.
However, this time is different; the inflation rate has already declined, and the economic situation is also improving.
Looking back at the period from 2022 to 2023, it can truly be called "this time is different."
But it must be understood that it is not the decline in the inflation rate that triggers a recession; rather, it is the recession phenomenon that causes inflation to return to normal levels.
Therefore, although no recession has occurred this time, inflation still tends to be moderate.
Powell may be regarded as the most outstanding among all previous Federal Reserve chairs.
This elder is about to retire, and in the future, it is hoped that he can maintain this remarkable achievement, thus successfully crafting a brilliant chapter of "economic soft landing." #BTC新高10W #历史见证者打卡 #特朗普将提名亲加密SEC主席
Many friends have asked whether the current price of Sol is suitable for buying online goods?
If you want to establish a head, it is recommended to set the purchase price slightly lower to take over.
Judging from its trend, there is a high probability that there will be a strong rebound in the future.
SOL's recent performance is relatively sluggish. Previously, it over-increased due to excessively following the rise of BTC.
You can pay attention to the subsequent trend of Bitcoin. If Bitcoin can rise strongly, given the strong correlation between SOL and BTC, SOL will continue to attack.
However, the safer approach is to choose to wait patiently for a while.
This operation can not only effectively reduce risks, but also maximize profits in the subsequent market development. #bnb创历史新高 #小非农数据即将公布 #Layer1公链普涨
🎈Two amazing tracks with huge potential to explode in this round of the bull market!
1. AI Track Especially in the niche of AI agents, the powerful characteristic of autonomous intelligence that AI possesses, combined with the permissionless financial account mechanism in the web3 system, creates a wonderful reaction that opens up a vast realm of imagination. We can expect many creative applications and business strategies to emerge.
2. RWA Track In fact, it is like a combination of decentralized finance (DeFi) and traditional finance (TradFi) holding hands. This track plays a super important role in gradually turning blockchain assets into mainstream financial assets. As it continues to develop, it will bring blockchain and traditional finance closer together, allowing for enjoyable communication and collaboration in many areas, thus injecting new vitality into the overall transformation of the financial system.
You can choose some leading coins and popular coins in these two tracks, and buy in batches while the prices are low. You will definitely see good returns!
From the perspective of the four-hour chart, Bitcoin is currently in the phase of testing the support strength at the 95000 line after a normal pullback operation.
The support level is steadily moving upwards, and if this position can hold, there is a chance for an upward movement.
The short-term resistance is mainly concentrated in the area between 96500 and 97500. The market tested both sides last night, but did not form a sustainable trend, remaining in a state of fluctuation overall.
Speaking of support levels, Bitcoin's key support level is currently at 94100 (EMA90 trend line). If this position is effectively broken, it may have to test the 90000 mark.
Additionally, the range from 3580 to 3550 is a very important support level for Ethereum and needs to be closely monitored.
Regarding resistance levels, in the short term, Bitcoin needs to pay attention to the area between 96500 and 97500, while Ethereum should reference the range from 3650 to 3700. Although the market tested these levels last night, none managed to break through successfully.
Don't force yourself to find reasons for the drop; a market decline doesn't need any excuses.
There hasn't been a significant correction from 60,000 to nearly 100,000, so isn't it hard to accept a 10,000 point drop now?
Is your thinking pattern that Bitcoin can only go up without ever going down?
Then you might as well go your own way.
Is there any market trend that only goes up and never down? Don't go searching through various news articles to find reasons for the decline; the answer you wish to know is already presented before your eyes.
According to the chart: When Bitcoin rebounds to 96,000, a short position can be taken; the previous support level has been broken and has now turned into a resistance level.
If it breaks below 95,000 with volume, a short position can be taken lightly; make sure to set the stop loss as indicated in the chart.
Investors looking to go long can pay attention to the area around 93,600; at this point, a small long position can be taken, but if it breaks below 96,000, a stop loss must be set. Left-side trading orders should be operated with light positions.
In a downtrend, there is no exact bottom. The situation after the U.S. stock market opens is still uncertain.
Prudent investors can wait until the U.S. stock market opens before making decisions.
Remember to set stop losses, set stop losses, set stop losses.
For investors who prefer short-term operations, if they refer to the retracement points I gave for trading, they must start to take profit at a relatively high position of the retracement points.
For example, when Sol retraced to 237.25, most of the short orders should be stopped for profit.
The same is true for the operation logic of other cryptocurrencies.
This is because there is a logical difference between low-long operations and short-term operations. Some of the points selected for low-long operations are relatively conservative. Even if some points are not successfully accessed, it is only a short-term situation of missing out, and there will be no substantial losses;
However, in short-term operations, if the entry point of the order is too low and the profit is not stopped in time, it is very likely to fall into the dilemma of being stuck.
The way to make money in the currency circle: go beyond appearances and win with cognitive differences
On the road to wealth exploration in the currency circle, many participants actually have misunderstandings about profitability.
Most people simply believe that making a profit is nothing more than buying an asset when the price is low, selling it when the price rises, and capturing the price difference by relying on price fluctuations.
However, this traditional thinking mode is essentially a speculation about the future based on the present. Its core is to determine whether a certain investment target can gain more people's recognition, in other words, whether its consensus will be expanded.
If the judgment is accurate, wealth will flow into your pocket;
On the contrary, once you make a mistake, losses are inevitable.
As evidenced by examples, when a certain project does have significant value and has been widely recognized and bought by the public, it is almost impossible to obtain huge profits in this case.
The reason is that when the consensus reaches the peak, people's awareness of the project tends to be the same, and there is no obvious gap between them. As a result, the profit space is extremely compressed, and it is lucky to be able to ensure that there is no loss. .
The logical foundation for truly being able to achieve profitability in the currency circle lies in poor cognition.
In the ecosystem of the currency circle, the source of income is that those pioneers who are the first to possess in-depth knowledge earn wealth from those who are late-comers or even those who have no knowledge at all.
The key point is to predict and deploy assets that are expected to expand significantly in a specific period of time in the future, or to firmly adhere to opinions that are contrary to the majority of people and put them into practice when the market is in a deep downturn and pessimism prevails. action.
If your cognitive perspective and behavioral model are completely different from those of the public, and the direction you choose is accurate, then this cognitive difference will be transformed into huge profit returns in the future.
Let’s imagine a scenario like this: When Bitcoin has become a common asset familiar to the general public, for example, when bank employees strongly recommend Bitcoin financial management to depositors, this may mean that Bitcoin’s consensus expansion space is approaching saturation, and what it can bring Future earnings will also become mediocre.
This node is very likely to be an excellent opportunity to sell Bitcoin.
ETH: Key points determine the direction, a new situation of long-short game
ETH Ethereum has clearly pointed out last night that if it cannot successfully stand above 3610, it will continue to be in a correction trend. After reaching the second support level last night, it started to rebound and reached the area near 3605.
The current overall situation is that the daily line is under the control of many parties, while the 4-hour level is in the process of correction.
Today, we need to pay attention to the key point of 3592. Only when the 4-hour level closes firmly above this position, this wave of 4-hour level correction will be declared over, and the market can continue to move upward. The upper target pressure level needs to pay attention to the range near 3622, 3655 and 3688.
(Note that 3688 is the high point of the previous 4-hour level rebound, and there is an opportunity for short-term operations here.)
If the 4-hour level today cannot successfully stand above 3592, it means that the upward trend of the market is blocked and the correction trend will continue. The support level below needs to pay attention to the area around 3535, 3493 and 3454. $ETH