If you only think that this data is an accident, you are totally wrong.
In 2020, Bitcoin only had a few thousand points, with the lowest even reaching 3,600. Who dares to believe that it will explode to 69,000 in 2021 and barely exceed 70,000. Although Bitcoin now only has 42,000 points, its potential will not be buried.
This Optimus Prime is a guiding light for 2024. Bitcoin is bound to break new highs in 2024! Operate with confidence and boldness, 2024 will be a good start, grasp the bull head and reach the peak of life right now! ! !
Jiangchuan has also made a million-dollar flip plan a long time ago and is sticking it to the top. For those currency friends who are not sure and need to follow 🚗, there are still 🚗 positions! Jiangchuan will keep this post, we will wait and see the bull market in 2024👊! ! ! $BTC $ETH $BNB #BTC #ETH #etf
The trend has not reversed. The Fed's third interest rate cut itself is a positive sign, but Powell's comments on next year's interest rate cuts are somewhat pessimistic, suggesting there may only be two rate hikes next year. However, whether there will be two rate hikes or multiple hikes is not for Powell to decide; it ultimately depends on changes in the inflation rate. The market is sensitive, and overinterpreting this statement as negative will take two days to digest. Once the mid-sized indicators are repaired, they will rise as they should.
Japan did not raise interest rates today, essentially postponing it until after March next year. The view on the medium-term trend remains unchanged, expecting no deep adjustments from December to March.
Morning Analysis and Trading Suggestions for December 11
The previous evening's public guidance was to go long first and then short. Although there was a discrepancy from the target price for Bitcoin, it did not significantly impact the intraday profits, allowing for three consecutive waves of long and short trades!
From the daily chart perspective, the overall market is in an upward trend, while the periodic movement resembles a high-level range-bound struggle, with neither bulls nor bears showing continuity. In the short term, the rhythm is characterized by a rise followed by a pullback, with the highs gradually descending. The short-term rhythm shows a tug-of-war between bulls and bears, but the trend is forming a downward oscillation pattern. On the hourly chart, there are signs of a turning point in the moving averages, so continue to monitor the market's pullback situation in the short term. The trading strategy is to adopt a bearish approach at high levels.
Trading Suggestions:
Short Bitcoin at 97000-96600
Target 94000 with a stop loss of 500 points $BTC $ETH
Evening analysis and trading suggestions on December 10
From the 1-hour K-line of Bitcoin, after the price broke below the lower Bollinger Band in the afternoon, it quickly rebounded and has been moving upward along the lower Bollinger Band. It is now below the upper Bollinger Band, with an upward trend. The MACD lines are also moving straight up, indicating a bullish trend, while the KDJ three lines are moving upward with an increasing gap, suggesting a continued bullish trend! Overall, it is a trend of a pullback looking bullish, but the current rebound strength is not strong. In the last two days, there have been two significant downward tests breaking into bullish territory, and the current rebound strength remains weak. The overall strategy this evening is to focus on shorting at high levels, while aggressive traders can consider going long first and then shorting.
December 6 Morning Analysis and Trading Suggestions
Last night's sharp drop of ten thousand points resulted in either death or injury, with very few profiting from it. The early morning thoughts were also publicly shared in advance, and the team successfully captured a space of 6500 points!
This wave of a hundred thousand one-day trip is merely a unilateral false break of the upper track without establishing stability. The pullback has also not touched the lower track, and the subsequent direction still strongly encounters the bearish trend. The support on the lower track of the hourly line is at 93000, and a second dip is very likely around 93000. The bulls have no room to warm up, and the leap of faith continues to chase short!
Analysis of thoughts and operational suggestions on December 6th
From the trend, after a bottom exploration on the daily chart, it has closed positively. There have been multiple attempts to break higher, but no favorable breakthroughs have been formed. Currently, the coin price is still in a high-level correction. In the case where the bottom support has not effectively stabilized, the structure mainly focuses on pullbacks. The trend has not truly turned bearish; the short-term focus remains on the support strength at the 100000 level. However, it is still under pressure around 101500, and without an effective breakthrough and stabilization, there remains an expectation for downward adjustment. The short-term strategy is to continue watching for pullbacks based on the upper pressure.