Why is the cryptocurrency market so quiet this year?
There is no other reason, it is simply because buying and selling USDT is always subject to crazy risk control. It is very troublesome to deposit and withdraw money, buy and sell.
Anti-fraud is not only monitored from the App side, but also from Alipay, WeChat, and bank card ports. It seems that virtual currency is completely blocked.
Now virtual currency has been completely mixed with the black and gray industrial chain, and it is impossible to distinguish.
As long as you buy and sell USDT, you will definitely be checked.
Who knows what you buy it for, whether you use it to buy virtual b, or to engage in online gambling, bombing fraud or something else...
Bitcoin daily line holds at the 92520 level, buyers surged when it touched the 'pink box' yesterday, and the key position of the 'pink box' remains unchanged. If it can close around 102000 by the end of the year, the monthly selling candlestick will be corrected, and we will see the performance at the 3 AM close.
The 'Santa Claus rally' has not appeared; maintaining above the 'pink box' is expected to lead to an upward trend.
BTC closing above 99529 can be considered slightly stable, with an upward potential to challenge the 102 - 103 thousand resistance zone, and a breakthrough may lead to a battle for the 108353 high point. If it closes below 92520, the 91 - 90 thousand 'pink box' becomes a key support, and a breakdown could intensify the decline.
Recently, the market has undergone a deep adjustment, and it is nearing its end. This week is highly likely to start a journey of fluctuating upward movements, which means steadily rebounding amidst the fluctuations.
At this moment, the strength of the market rebound has become the focus,
Bitcoin (BTC) has already corrected a staggering 14,000 USD from its peak price,
Ethereum (ETH) has fallen from its thousand-dollar high, and in percentage terms,
its pullback is less than 30%, about 20% up and down, nearly halving its upward progress.
The altcoin market is even more of a "lamenting cry," with most coins falling from their highs, suffering severe losses,
However, our "potential stocks" in the portfolio have soared against the trend, with AGLD being particularly impressive, as it has not been "cut in half" despite the decline from its high, and it has fought back from its lowest point, doubling in value.
Our cost price is around 1.4, and yesterday it soared to 2.2. We seized the opportunity and perfectly sold off near 2.0, reaping considerable profits,
In such a market condition, meme coins can indeed help achieve wealth advancement.
In light of the strong rebound expectations this week, the recently exited funds are already itching to re-enter the market. Currently, trb, ygg, ar, and people remain steadily in the portfolio, and the funds drawn from AGLD have fully replenished into ygg.
Bian seems to be used to chasing hot spots when the heat is about to fade.
When the inscription craze in the first half of the year was coming to an end, it launched the inscription market, which ended up in a dismal end.
Now, when meme coins are no longer popular and are in decline, Bian Alpha is launched with great fanfare.
What is the intention of Bian, a leader in the industry, to act like this?
The intuitive feeling of this round of performance is that it is eager to follow the trend and get the heat when it sees anything popular, but the result is nothing.
Bian actually has the strength and foundation to create heat on its own. It should focus on deepening the big cake ecosystem or carefully cultivating the meme sector, rather than blindly chasing trends.
The price of Ethereum is soaring strongly, likely to first reach $5000 and then move towards $8000!
As analyzed yesterday, there was indeed a massive influx of funds into the market from Wall Street in the evening, causing both Bitcoin and Ethereum to break through.
Many people question the authenticity of this breakthrough in Ethereum; however, it should be considered that Bitcoin has already achieved a true breakthrough and will continue to rise. Ethereum has also tested the $4000 mark multiple times before, so I am more inclined to believe that this breakthrough of Ethereum at $4000 is real and valid, about to enter a price vacuum area with vast prospects!
Currently, this bizarre market trend is as analyzed in the previous days, Bitcoin is indeed absorbing funds from smaller coins. Bitcoin needs to first complete the rise, for example, reaching around $120,000, after which smaller coins will rise and trigger an explosive market.
In fact, it is quite surprising that Ethereum can rise alongside Bitcoin without being drained of funds, indicating that Ethereum's ETF has indeed played a role, soaring together with the massive influx of funds from Wall Street.
Ethereum long positions were firmly entered when it was over $3800.
At that time, many investors were bearish, suffering from a tumultuous market, even shorting. Our community, however, significantly increased positions, daring to buy into areas others were afraid to touch.
If you have not purchased Ethereum before, you can appropriately add positions when the price corrects. This time, it is expected to challenge the $5000 mark. Take a look at the market, and start your journey to wealth!*
Additionally, the explosive rise of Bitcoin and Ethereum indicates that the altcoin season is now a certainty. Therefore, coins like Pepe, Uni, Doge, and AAVE can be pre-positioned when prices are low, and the altcoin season should start in a few weeks.
Ethereum shows signs of volatility, suggesting that positive changes may be brewing.
On the 4-hour chart, as long as its price stays above 3502, the expectation for an upward trend continues.
Its price movements have been fluctuating; if it can close above 4093, there is a chance to rise above 4868. Once this high point is breached, new highs may emerge.
In the case of a pullback, the first support level is in the area marked by the blue box at 2800.
Ether (ETH) is currently facing pressure on the round figure of $4,000.
Judging from its current form, the momentum for upward attack is slightly insufficient, and the determination of the Xi Family to break through this barrier has not yet been clearly demonstrated.
Moreover, the duration of the shock at the 4000 integer mark is indeed short, only one week as of now.
Based on the 12-hour pattern, investors can focus on the golden cross signal of MACD at the 12-hour level, and it needs to be accompanied by an obvious big positive line, so that they can make a more certain entry plan.
As for the lower range points, you can refer to the two positions 3918 to 3838. This range is the closing position of the K line when the bulls attack in the 12 hours. It can also be regarded as the key defensive point of the bulls in the first range. Bit.
In the recent DeFi token field, AAVE has performed extremely strongly, with five consecutive positive lines on the weekly line, rising strongly and continuously refreshing the recent price highs.
In the process of its price rise, the trading volume has also increased, which clearly shows that funds are continuously flowing into the market.
At the same time, its MACD indicator shows a golden cross above the zero axis and the double lines are scattered upward, which undoubtedly indicates that AAVE still has considerable room for growth in the subsequent market, and it is very likely to break through the key price of 400, and then create a new high in the near future.
For investors holding AAVE spot, they can continue to hold it with peace of mind and wait for the price to rise further.
The current market sentiment clearly indicates that the ascent of Bitcoin is far from reaching its endpoint.
The recent horizontal consolidation is merely a brief pause, and the price of Bitcoin is very likely to continue rising, subsequently challenging and breaking historical records once again.
Historical data clearly shows that the cyclical pattern of Bitcoin price fluctuations is quite significant.
Throughout many past bull market processes, Bitcoin has experienced multiple pullbacks of 20% - 30%, yet each time it rebounded strongly, eventually rising to new heights.
As for altcoins, they are about to escape the longest bear market in history.
Given the weakening of the dollar and the expected increase in market liquidity, altcoins seem to be on the verge of a significant upward surge.
If we compare the current state of altcoins with the situation in December 2020, when altcoins dropped by 30%, followed by a strong rebound that lasted three months, with gains exceeding 400%.
Now, altcoins have dropped by 25%, and if we use historical data as a reference, this may very well become a precursor signal for explosive growth.
Intelligence Bureau December 10 Market Deep Analysis
Today's market shows an extremely astonishing liquidation phenomenon, with the liquidation amount surpassing 1.7 billion USD, involving over 570,000 liquidated accounts. This scale has already surpassed the previous '312' incident.
Through a detailed observation of the liquidation map, many investors are engaged in bottom-fishing actions. However, judging from the current situation, it is unlikely that the market will achieve a rapid V-shaped reversal.
In this round of market, the main forces seem to be deliberately washing out positions until all investors' courage to bottom-fish is worn down.
Looking back, the last time the price of Bitcoin plummeted to 90,500, the bullish forces suffered near catastrophic losses, but subsequently, a quick rebound followed.
In contrast, this time the rebound process is quite slow, thus bottom-fishing strategies should prioritize stability, following the principles of moderate buying on small dips, holding steady when there is no decline, and decisively increasing positions on major drops.
Being decisive in bottom-fishing during a crash is a wiser choice compared to chasing highs.
From a long-term perspective, the overall trend of the market is upward; as long as we successfully endure the current correction cycle, dawn is ahead.
It is particularly important to warn that high leverage trading is akin to a gamble, with extremely high risks, while choosing to place limit orders on the left side for bottom-fishing is a relatively prudent strategy.
After Bitcoin experienced three consecutive days of rising trends, a single day of plummeting wiped out all gains mercilessly. At this stage, its rebound momentum is obviously insufficient, so from an operational perspective, taking on limit orders should be a suitable move.
From a technical perspective, Bitcoin faces significant pressure on the one-hour timeframe. If it cannot successfully hold above the 98,200 price level, the risk of further declines will remain high.
As for Ethereum, close attention should be paid to its key resistance level of 3,780 on the one-hour chart. The current price is gradually approaching this point, and the market's focus will be on whether it can achieve an effective breakout, which will have a crucial impact on Ethereum's subsequent trends.
Dear family, have you noticed the hidden mysteries behind these two pin bar market movements?
There are some expert tricks for escaping the peak hidden in here!
Key technique revelation: First, what cycle should we focus on? Start from the 15-minute level and dig into the details. Look at the patterns presented in the 15-minute cycle (the first image is yesterday's market, the second image is the previous round of market); doesn't it look like it's carved from the same mold? It was rising well before, and suddenly a big bearish candlestick smashed it, leaving it in chaos, followed by a weak rebound, and then it kept declining until the pin bar.
Second, see the illustration: in the 15-minute market, it's easiest to detect market fluctuations. It had been a period of low volume and slow rise, with a very narrow fluctuation range, making people feel uneasy. Finally, there was a false breakout with a sharp rise, followed by a straight drop. Be sure to closely monitor that key bearish candlestick in the 15 minutes; it can instantly erase the gains from the previous hours. This means the big players are determined to let the market drop, and any slight rebound at this time is an excellent opportunity for you to sell your long positions. Those who are bold can even find points to short and wait for profits from the decline.
Third, from a naked candlestick technical analysis perspective, this is a typical bearish engulfing candlestick pattern, indicating that the short side is overpowering the long side, and the short side is continuously pushing down, with the goal of pushing the market down to the bottom.
Fourth, the closing pattern of the 15-minute level candlesticks is all large bearish candlesticks without any upper or lower shadows, clearly showing that there is no chance for an upward rebound. Whether you are trading spot or futures, don't entertain bullish fantasies; do not rush to take long positions, or you will be tortured by the bearish decline, and you may very well encounter the next wave of pin bar market impact. Make sure to check the cooking leaves and start your journey to wealth.
Fifth, how to operate under this pattern? The downward trend in these two market movements is undoubtedly clear; every rebound high is a good time to gradually position short orders, and the highs will keep getting lower. Conversely…
Bitcoin has seen a small-scale "pin-in" phenomenon again. Its high point failed to surpass the previous high point, but the low point fell below the previous low point, which shows that there is still a need for adjustment at the small level.
The price is likely to drop to the range of 97,500 to 96,000. The specific trend depends on whether the US stock market tonight will have an impact on it, leading to further declines, and even the "pin-in" situation may occur again.
However, the overall direction has not changed. Whenever the price falls back, it is a good time for us to take delivery. After all, where is the opportunity without a decline?
As long as there is a news, the general direction can be quickly pulled back, especially on the 10th and 11th, when important news was released, so everyone just needs to wait patiently and buy in batches below. Buy a small amount when it falls slightly, buy a large amount when it falls sharply, and buy with all your strength if it plummets.
For Ethereum, its 4,000 mark has always been our focus.
Here I would like to remind you that if the cost price is above 3700, it is recommended to take short-term profit-taking operations, and it is not too late to buy back after a clear breakthrough;
Those low-level chips below 3400 can continue to hold.
So if Bitcoin "plugs" again, at what price is it more appropriate to receive Ethereum?
I provide you with two ranges, 3818 to 3768 and 3738, respectively. You can receive the goods in batches according to this range and control the position.
Be sure to remember that you should not be impatient when buying, after all, wealth will not favor impatient people.
In the daily BTC chart, we are closely monitoring the 90791 level.
As long as the price of Bitcoin can stay above this level, the upward trend can be sustained, and the current upward trend has not deteriorated.
From the perspective of the hourly chart, the first resistance level we focus on is in the range of 103959 to 106979.
If the price continues to rise, the resistance levels on the weekly chart will be 109 thousand points to 111 thousand points and 129,145 thousand points.
If the closing price of the day is below 90791, the 78 thousand points and 65000 levels may become the subsequent support points.
In the world of cryptocurrency trading, short-term price fluctuations are a common occurrence.
Investors engaged in medium to long-term trading remain steady and unflustered throughout the trading process, and such resilient perseverance is truly admirable.
That said, if one can accurately strike during the small fluctuations of the day, leveraging the power of compound interest, the profits gained often significantly exceed the steady returns of medium to long-term holdings, though small fluctuations may occasionally come with some losses.
Short-term trading, especially completing orders within 12 to 24 hours, is not as unattainable as it seems.
Take sol for example; its price retraced to the middle band of the 15-minute Bollinger Bands this morning, with certain support around 238.25, which coincides with the key ratio of 0.382.
Therefore, when the price retraces to this range, one can position an initial order between 240.25 and 238.25. If investors cannot monitor the market closely, they can directly use formulas for calculation.
From last night to today, sol's rebound reached 23 points, so the highest point of 247.25 this morning minus 23 multiplied by 0.382 results in 238.25, which aligns with the middle band of the 15-minute Bollinger Bands, making it an ideal entry point.
Trading strategy follows the principle of 'enter 10, exit 4'; if the market is slightly weak, use 'enter 10, exit 6', corresponding to coefficients of 0.5 and 0.618 respectively.
However, during significant spike events, the aforementioned strategies may fail, and at that point, it is crucial to pay close attention to the lower band of the daily Bollinger Bands to mitigate risks.
Cryptocurrency trading places great emphasis on mathematical logic.
I have been involved in this field for over a year and generally do not draw charts while trading because I find them too complicated; instead, I calculate points directly to formulate strategies.
Although the trading methods may appear professional, if one cannot achieve profitability, everything is mere empty talk.
In actual operations, I usually make quick comparisons on my phone before taking decisive action.
As the saying goes, 'Simplicity is the ultimate sophistication'; trading is not that complicated; the core lies in how to achieve more wins than losses, manage risks effectively, and timely take profits and cut losses—these are the essentials.
Market Outlook: Strategy Analysis from a Bullish Perspective on Multiple Coins
First of all, I firmly hold a bullish stance on the vast majority of cryptocurrencies.
The current surge primarily stems from market expectations and ETF-related factors; however, the most powerful liquidity spillover effect has yet to be fully released and realized.
Bitcoin undoubtedly excels in terms of stability, but its potential profit-to-risk ratio is relatively unremarkable.
In my opinion, leading altcoins are the most cost-effective choices, such as TRX and BNB, among others; furthermore, platform tokens like HTX and BGB also possess considerable potential.
As for the question of when to exit the market, it is difficult to provide a definitive answer.
After all, as long as one exits while in profit, it cannot be considered an investment failure; only successfully securing the profits is the key to truly succeeding in the market.
Treasure this article! Exclusive tricks for narrative trading!
Every bull market will see narratives emerge that trigger wealth effects. However, deeply understanding the intrinsic nature of narratives and leveraging them to achieve profit goals is of utmost importance!
Firstly, purely financial attribute narratives, which are unique models of capital operation games.
Secondly, income-generating token types, involving rolling business operations and integrating various resources.
Thirdly, large category narratives, where leading projects have super market value potential expectations.
In my view, in the future, the strongest and most sustainable wealth effects will undoubtedly belong to DEFI, RWA, L1, and AI.
Numerous innovative projects will emerge around these four major narratives.
Innovation can generally be divided into three directions: functional, business-oriented, and technology-based.
If you encounter innovative projects in the future, such as those claiming to be the first of their kind, it might be wise to purchase first and then investigate further!
L1 goes without saying; there will surely be competitors like SEI, SUI, and SOL emerging in the future, as Ethereum has already established itself as the industry benchmark.
The market value expectations corresponding to the narratives are currently at the highest and most robust level among all narratives, hence in a bull market, it is not difficult for certain currencies to achieve tenfold or hundredfold increases.
The trend of Ethereum has some deviation from the expected outcome. After the exchange rate rebounded to the level of 0.04, it failed to break through successfully and was quickly suppressed back down.
Ethereum's price has risen to around 3900, and as of the current situation, there are no significant signs of volume contraction.
If the selling pressure in the exchange rate can be digested again and a rally initiated, I believe that the key position of 0.04 is likely to be successfully broken through, and at the same time, Ethereum's price will move towards the important level of 4000.
After all, during most recent periods, Bitcoin has shown strong performance on its own, and Ethereum's upward cycle should also be on the way. Once Ethereum enters a strong phase, it will once again lead some altcoins to initiate an upward trend.
Emotional ties to BTC, as the price breaks through one hundred thousand, the mood remains uneasy.
Looking across the realm of cryptocurrencies, although Bitcoin has proudly crossed the peak of one hundred thousand, many fellow travelers still find their gains stagnant, and some are even deeply mired in losses, with anxiety feeling like a haunting spirit that lingers.
Seeing others return from trading laden with profits, their baskets overflowing, my own anxiety only deepens, as if fueled by a raging fire.
Yet it must be remembered: "All things are bound by law, and forcing them is futile."
The distribution of wealth in the cryptocurrency world cannot be turned around merely by fervent desire.
The act of investing is, in fact, a reflection and presentation of one’s understanding.
Those who appear to stroll leisurely and gain profits may possess depths of understanding, hidden sources of information, or a capacity for risk tolerance that we have yet to comprehend.
What we can do is to explore and seek progress within the realm of our own understanding, like walking on thin ice, steady and cautious. There are differences in class, and strategies vary; the capital games, risk preferences, and trading paradigms of giants are not easily imitable by us.
Excessive comparison only plunges oneself into an abyss of endless anxiety and self-doubt.
Letting go of extravagant expectations is not about abandonment but rather bringing goals closer to reality.
Maintaining a calm demeanor, drawing knowledge from each trade, and honing one’s spirit through each rise and fall. The official account: Coin Elder Deng, Rabbit Waste Jia Jun.
Using tranquility to replace restlessness, relying on determination to resist temptation.
By staying true to our original intentions, within this domain of opportunities and challenges in the cryptocurrency world, we can surely find a solid path to profitable outcomes that align with our efforts and understanding, reaping the wealth and growth we deserve.