Yesterday, Bitcoin led the overall altcoin market to a sharp decline, erasing all the gains from last week, with some altcoins even reaching new lows. However, the support around Bitcoin's 92600 level still exists, and there was a noticeable rebound when this support was touched.
Now, Bitcoin's bottom has lowered, and the support level has moved to around 91800. Market recovery requires time, and upward movement needs to break resistance step by step and hold support, testing everyone's patience once again.
Meanwhile, Ethereum is showing no signs of being the second in the crypto market, as it drops just like the altcoins. The support level has now reached the 3200 mark, and it is also in the process of market recovery.
With the non-farm employment data and unemployment rate data to be released this Friday evening, the entire market has become cautious about bottom-fishing. The market is sluggish, and TACO continues to encourage everyone to hold onto their chips; let’s move forward together.
#加密市场回调 Many people have a misconception when trading cryptocurrencies, which is that the larger the capital, the better. In fact, this is not necessarily true. Theoretically, if the funds are unlimited, one can certainly earn money, but in reality, having a larger principal does not guarantee higher profits. This is because if the wrong coin is chosen, all efforts are in vain. For example, many big players who entered the market back then $BTC ended up getting stuck. At three in the morning, who knows if there's still iron juice left? Even the big players did not expect Bitcoin to reach 10 million. Once they got stuck, they were also anxious.
The biggest joke of my life is that every time the teacher recommends a cryptocurrency, the most frequent phrase in the analysis is 'you should cut your losses'. If you don't take a risk at this position, then where will you take a risk? Brother, your persona is that of an analyst and trader, not a gambler. Everyone doesn't need you to always profit; making more and losing less is fine. It's not just pure luck. Moreover, we don't need you to teach us; still, 'you should cut your losses'—this phrase coming from you is quite amusing. It shows that you're purely here to collect transaction fees. In any case, if you cut losses, you still earn your commission. Also, when you say this, it means the market is 50/50. From your words and actions, it seems you're just good at deceiving people. I really admire your eloquence.
It is widely accepted by experts that trading psychology is as important as experience and knowledge in shaping trading success. Mastering emotional control, managing cognitive biases, and maintaining discipline are vital to achieving consistent profitability in the financial markets.
The Biggest Altseason in History Black Rock Invest $1.6B 😁
The crypto world is buzzing as the biggest altseason ever is unfolding before our eyes. With major players like BlackRock making billion-dollar moves and low-cap altcoins showing explosive potential, there has never been a better time to dive into the world of alternative cryptocurrencies.
Here’s a breakdown of what’s happening and how you can capitalize on this incredible opportunity.
BlackRock’s $1.6 Billion Investment BlackRock, the world’s largest asset manager, has invested a staggering $1.6 billion into cryptocurrency projects. This move signals a strong vote of confidence in the crypto space, especially altcoins. Institutional investments like these often act as catalysts, driving prices up and attracting retail investors.
The Potential for 1000x Returns Imagine turning a modest $100 investment into $100,000. It might sound like a dream, but with the right low-cap altcoins, it’s entirely possible. Low-cap cryptocurrencies have smaller market capitalizations, making them more volatile but also more likely to see exponential growth during an altseason.
Low-cap altcoins are often overlooked but carry immense potential Promising Low-Cap Altcoins for 1000x Growth
This altseason is a once-in-a-lifetime opportunity. With institutional backing like BlackRock and the rising potential of low-cap altcoins, the crypto space is entering an exciting phase. If you’re strategic and informed, this could be your chance to turn small investments into life-changing wealth
Are you ready to dive into the biggest altseason in history?
Brothers, there are a few important data points to be released this week. The market is quite volatile, making it easy for sharp fluctuations to occur. It is suggested that everyone take a step back and observe a bit more, rather than rushing to bottom out. By waiting, there will be opportunities to get on board later. Missing out is akin to making chaotic moves when entering the market. When you don’t understand something, it’s best to pause and observe for a while. Enjoy some meals, have a drink, play some cards, and after a week, when you return, you’ll find that not losing money is equivalent to making a profit. Just like the other day when I kept telling everyone to hold back; those who understood managed to avoid losses.
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#btc Waking up, Bitcoin has already dropped to a low of 92500 under the main downtrend, and Ethereum has even excessively dropped to 3208! So yesterday, Hunter posted at least three times emphasizing to brothers to hold back and not rush into buying, showing his sincere concern! Those who listened to me seemed to have avoided a disaster! In fact, since yesterday afternoon when Bitcoin broke below the 4️⃣h life line of 96554, I felt something was wrong, and it would continue to drop. The next support I provided for my friends has also reached 92920 as expected! Is that all? I'm not very optimistic about the market outlook; what is meant to come will always come. The large-scale drop I mentioned refers to the weekly chart. Once the weekly wave downtrend model is triggered, Bitcoin will see the 8️⃣s!
#btc Waking up, Bitcoin has already dropped to a low of 92500 under the main downtrend, and Ethereum has even excessively dropped to 3208! So yesterday, Hunter posted at least three times emphasizing to brothers to hold back and not rush into buying, showing his sincere concern! Those who listened to me seemed to have avoided a disaster! In fact, since yesterday afternoon when Bitcoin broke below the 4️⃣h life line of 96554, I felt something was wrong, and it would continue to drop. The next support I provided for my friends has also reached 92920 as expected! Is that all? I'm not very optimistic about the market outlook; what is meant to come will always come. The large-scale drop I mentioned refers to the weekly chart. Once the weekly wave downtrend model is triggered, Bitcoin will see the 8️⃣s!
I made a small short at BTC 101400. I tried to make a few long orders today and got beaten. In the medium term, people and sats still have room to rise. You can buy a little at the bottom position and cover the position every time it drops by about ten points. The market may fall again. It is right as I guessed a few days ago. The group said a few days ago that it will fall within three days. Why will it fall within three days? Because there is a meeting tomorrow night. It is estimated that it will still be sluggish during the day tomorrow. It will pull up tomorrow night. It is just my guess. Don't criticize me. The current strategy is to take the first position. Don't cover the position frequently. Participate with small funds and wait for the market to pull up or continue to fall. If it continues to fall, there will be cheap chips.
Analysis of the U.S. Stock Market: Reasons for the Significant Drop in the Nasdaq and Outlook for Subsequent Trends
Why did it drop yesterday? The U.S. stock market almost collapsed, with the Dow Jones, Nasdaq, and S&P 500 all falling. The drop in U.S. stocks also dragged down Bitcoin. It's okay to drop; a deep correction has ended, which is our opportunity to build positions. The subsequent market trend will be better, just quietly waiting for the Ethereum upgrade. Thank you for your attention and support. You are invited to participate in the following activities (red envelope). Analysis of the reasons for the significant drop in the Nasdaq • Impact of market sentiment: After the holiday, market sentiment has been affected, and investors are cautious about economic prospects and company performance, leading to insufficient market confidence. Additionally, false news regarding tax rates has impacted market sentiment; although it was later clarified, it has caused some disturbances in the U.S. dollar index and the U.S. stock market.
🚀 #OP Completed Target 2 🚀 🤩 Short to Medium Term: Rise 📈 $OP 😍 ➖➖➖➖➖➖ Target 1: 2.094 ✅ Completed Target 2: 2.144 ✅ Completed 🔥 Entered on January 5th around 1 PM! Pulled to 2.1849 at 0:00 on the 7th, completing Target 2 and getting close to Target 3! Achieved over 540.06% (75X) profit! Subsequently, BE has been settled! 🔥🔥 ➖➖➖➖➖➖ (Register for free to add a private chef to see the latest strategies) Binance 28 rebate invitation code: FOHW9ZPT If you find this helpful, please like and share! @加密航海家飞鱼
🚀 #OP Completed Target 2 🚀 🤩 Short to Medium Term: Rise 📈 $OP 😍 ➖➖➖➖➖➖ Target 1: 2.094 ✅ Completed Target 2: 2.144 ✅ Completed 🔥 Entered on January 5th around 1 PM! Pulled to 2.1849 at 0:00 on the 7th, completing Target 2 and getting close to Target 3! Achieved over 540.06% (75X) profit! Subsequently, BE has been settled! 🔥🔥 ➖➖➖➖➖➖ (Register for free to add a private chef to see the latest strategies) Binance 28 rebate invitation code: FOHW9ZPT If you find this helpful, please like and share! @加密航海家飞鱼