Brothers, it's regrettable; The peak of the big pancake in 2024 is fixed at 108,366, it can’t go up anymore. Now it’s not a retracement 👎, it’s a certain correction. There won’t be any previous highs before the end of the year. Accept the market adjustment; every December during Christmas is a period of adjustment, and I’ve always been thinking of ways to avoid it. I originally wanted to catch a quick stretch after the interest rate cut landed, but last night Powell came out and talked a lot, causing panic in the market which led to adjustments. Indeed, adjustments are needed; after all, from breaking the previous high of 73,000 to pulling up to 88,000 on November 11, and then to the highest of 108,350 on December 17, we saw a rise of 10,000 dollars over a period of 35 days, which has now ended. In the short term, don’t bottom-fish, don’t bottom-fish, don’t bottom-fish. For those who bought earlier, the maximum retracement is 10% stop-loss. Reduce your position by half, then take a good rest for a few days. Corrections are not scary; what’s scary is a gradual decline. After a gradual decline, there will definitely be a spike. Don’t buy unless there’s a spike to recover the chips. At least wait for 3 or more 4-hour spikes to consider bottom-fishing, limited to buying physical goods. Brothers in contracts, just hold your hands this month, don’t rush to bottom-fish, or it’s okay to turn bearish as well.
Brothers, the big cake did not dive deeply last night and did not cause any big waves. The lowest point reached 92961.8, which basically reached my first target. The long order at 92888 was not received, which was a difference of 73 US dollars. I had already entered the market near 93280 in the morning, which is also within the strategy range. For Bitcoin, a difference of only 2-300 US dollars is not a big deal. At present, the big cake 4-hour pattern has 3 needles probing the bottom. The 93000 range has been explored several times in a row. If it does not fall below, the monthly line will close soon. As long as the price on the 1st can close above 96500, it can close with a positive line in front of the monthly line. It depends on whether the dog dealer will do such a sexy operation. As for the technical pattern, there is a rebound demand. It depends on the strength of the rebound and whether the opening of the U.S. stock market tonight will lead to a rebound or continue to fall. If there is a long order for the rebound, the retracement must be taken well. The stop loss can be set near the previous low. Bitcoin's 2-3% retracement is currently difficult to sweep the loss unless there is a big negative wash-out pin.
Brothers, without further ado, let's get on the bus. I'll go first as a sign of respect. Leveraging 15 times per position, the maximum drawdown is about 6%, which is approximately 0.83.
Everyone should be aware that there are countless traps in the market, so please be careful. Many free offers will only lead to greater losses. The cryptocurrency market has all kinds of situations, with some people urging you to buy altcoins and collaborating with project teams to directly harvest you for kickbacks, or leading you to small exchanges where you incur losses. They might even pull off massive liquidations. Some may lure you to Ponzi schemes where there is only loss and no exit. There are also those who build rapport with you privately, then ask you to help buy and sell USDT for a commission, or to help collect money. If you're lucky, you might just get your card frozen; if you're not, it could involve dirty money or even money laundering. Please be very careful. The current economic environment is harsh, making it difficult to earn money. Even in a bull market for cryptocurrencies, making a profit is tough. You must protect your hard-earned money...
Brothers, this morning I received another piece of bad news. Another friend was scammed out of tens of thousands of U, brainwashed. This year I've already encountered no less than three such cases. The scammer first privately added him through various social media methods, claiming they could help her make money. Initially, she only tried 1,000-2,000 U and felt it was real. Once she got excited, she transferred all her U from her account. The result is predictable. I have reminded many times in the live stream, absolutely do not go to any lesser-known exchanges, and do not believe anyone who claims they can help you make money for free. The reason scammers offer free services is that they want to gain more. You don't like services that come with a price, but you're willing to give everything you have to someone offering it for free. Again, I remind everyone, do not trade on any small platforms. Just stick to Binance. If you really don't understand anything but want to make money, just buy Bitcoin or ETH. Once you buy, just hold on to it.
The Central People's Bank of China (PBoC) released the "China Financial Stability Report (2024)" which mentions global cryptocurrency regulatory trends and particularly highlights the compliance progress of cryptocurrency in Hong Kong. Hong Kong is actively exploring the management of cryptocurrency asset licenses, categorizing virtual assets into two types for regulation: securitized financial assets and non-securitized financial assets. It implements a distinctive "dual licensing" system for operators of virtual asset trading platforms, which applies to the regulatory and licensing systems under the "Securities and Futures Ordinance" and the "Anti-Money Laundering Ordinance." Institutions engaged in virtual asset business must apply for a registration license from the relevant regulatory authorities to operate. At the same time, Hong Kong requires major financial institutions such as HSBC and Standard Chartered to include cryptocurrency exchanges within the scope of their daily customer monitoring.
Bitcoin is still 500 USD away from the target position, so I will take a short position first. Ethereum has not broken 3300, so I will take a short position.
Brothers, the daily morning analysis is essential, you must check it out.
南帝一灯大师
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Today's Morning Analysis: Happy weekend, brothers and sisters; Do you have long positions on Bitcoin? In which range are you trapped? Or are you entering the market? If Bitcoin experiences a $5000 fluctuation next, can you withstand it? Currently, there aren't many long positions trapped in the 100500-101500 range, while there are slightly more trapped long positions in the 97800-98500 range. Now, if the 94500-95000 range is not the bottom and cannot hold, then if it drops another $5000, many will be trapped here. At the beginning of December, when the upward trend has not yet ended, this range is the most effective support. I have also taken everyone to buy the dip here multiple times, but now we are in an adjustment phase, and the chances of stopping the decline here are slim. It is very likely a bottom formation deliberately created by the market makers to entice us to buy the dip, so if you want to enter the market, make sure to find a good pullback position for yourself. I find market analysis really tiring; I have to study technical patterns, the entire international economic environment, the current market timing, and also think about the market makers' trading strategies. A slight misstep can lead to a direct market change, so whether you are buying the dip, rebounding, or shorting, you must manage your pullback risk well and be alert to sudden market movements that might knock you out.
Brothers, without further ado, I have bought into LDO, opened a few hundred dollars, and operated position by position with 10x leverage, with automatic retracement.
Today's Morning Analysis: Happy weekend, brothers and sisters; Do you have long positions on Bitcoin? In which range are you trapped? Or are you entering the market? If Bitcoin experiences a $5000 fluctuation next, can you withstand it? Currently, there aren't many long positions trapped in the 100500-101500 range, while there are slightly more trapped long positions in the 97800-98500 range. Now, if the 94500-95000 range is not the bottom and cannot hold, then if it drops another $5000, many will be trapped here. At the beginning of December, when the upward trend has not yet ended, this range is the most effective support. I have also taken everyone to buy the dip here multiple times, but now we are in an adjustment phase, and the chances of stopping the decline here are slim. It is very likely a bottom formation deliberately created by the market makers to entice us to buy the dip, so if you want to enter the market, make sure to find a good pullback position for yourself. I find market analysis really tiring; I have to study technical patterns, the entire international economic environment, the current market timing, and also think about the market makers' trading strategies. A slight misstep can lead to a direct market change, so whether you are buying the dip, rebounding, or shorting, you must manage your pullback risk well and be alert to sudden market movements that might knock you out.
Brothers, the market is being dragged down by Ethereum, so the varieties here that are glowing green are your best choices for bottom-fishing and entering the market.
南帝一灯大师
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Brothers, I'm going to select a few projects for you in the Defi sector; 1: LINK 2: UNI 3: ETHFI 4: ENA 5: ENS 6: OP 7: LDO Feel free to pick one, leverage shouldn't be too high, 5-10 times, and it should be able to withstand a maximum drawdown of 10% spikes, with a target of around 10-15%.
Today's Review Summary; 1: The market has been sluggish today, with Bitcoin only fluctuating about $500 throughout the day, and it only had a brief upward movement after 10 PM before quickly reversing. After all, yesterday saw many people being deceived into long positions between 95300—96000, and there are still positions trapped above between 97800—98500. I continue to be bearish on Bitcoin, so my short position at 97000 is still held. I'm looking at the lower range of 92888—91888 to enter long positions in batches. 2: As for Ethereum, although the on-chain data and ETF funds are showing net inflows, the overall market is still unstable. Additionally, there is a severe lack of funds in the market, and institutions are reducing their capital reserves, which naturally decreases liquidity. The only positive news for the market right now is the potential for Trump to take office next month or a possible interest rate cut. Therefore, we are currently in a window period where retail investors are being repeatedly manipulated by the market makers, suppressing prices to accumulate positions in preparation for a major bull market in February and March next year. Thus, Ethereum is currently in a similar phase as it was from October to November; you should just accumulate positions at lower levels for the remaining trading time. 3: As for DOGE and SOL, they are also in a stage of adjustment and consolidation, both showing weak performance, including the entire series of ecosystems. Recently, there have been no significant movements on-chain, and it seems that Elon Musk hasn't been promoting any coins either, as if everything has hit the pause button at the same time. The next sector worth paying attention to is platform tokens, specifically BNB, or individual tokens related to Binance such as CAKE and THE, which are all worth focusing on as they have shown some performance recently. This morning, I also called for BNB to rise by $30, and I continue to hold the position. Everyone should keep an eye on their orders.