Speaking of this wave of plunge, it truly is a good show. Just before, there was hope that Bitcoin could 'break out of the galaxy' after Trump's election, and then reality slapped us right back. Like ants on a hot stove, Bitcoin's price fluctuates wildly, making investors restless. 'Bitcoin is like a spoiled child, its emotions change in an instant.'

However, this time, we really can't blame Bitcoin for throwing a tantrum. Federal Reserve Chairman Powell has indeed dropped a bombshell, clearly stating that Bitcoin replacing the dollar is 'a fool's dream.' Once this was said, it was like throwing ice into boiling water; the market instantly cooled down. The chief economist at JPMorgan added a sharp comment: 'The value of Bitcoin is like a castle in the air, it looks beautiful but cannot stand firm.'

In the early hours of today, Bitcoin experienced a short-term decline, with prices briefly falling below $100,000 per coin, marking the largest single-day drop since August. The day before, Bitcoin had first surpassed $108,000, setting a new historical high.

According to Coinglass data, there were a total of 236,300 liquidations in the cryptocurrency market over the past 24 hours, with a total liquidation amount of $672 million. Among them, long positions accounted for $570 million in liquidations, while short positions accounted for $97.459 million.

Life is half fireworks and half ethereal smoke, picking up the pieces, half by fate and half by striving, trading is half letting go and half being awake.
Based on the current market situation, the mid-term bullish pattern in the daily chart is being maintained well. As long as the 105000 area is held, any short-term decline will be defined as an adjustment!
Let's take a look at the hourly structural pattern. The current short-term adjustment wave has not yet ended. So when will the next wave of rise begin? This will take a little time, and we need to patiently wait. As long as the hourly level adjustment ends and a bottom pattern appears, it will be the opportunity to get on the bus!
105000-105500, looking at 106500-107300.

BTC bullish thinking is perfect, 99000-99300 long orders are harvested as expected

The past is like smoke, shaking off the dust on the ground. Time and us are finally ruthless. BTC soars and plummets, and only by finding the pressure support can we be at ease. In the BTC daily K, the stochastic indicator currently maintains a golden cross and a trend. In terms of form, it rises continuously, and it is temporarily a 3-day continuous rise. Be careful of the trend of daily K adjustment. 99000-93000, look at 100800-10500

Life is like a journey against the current, we are all ordinary people. May the years find peace in the mountains and waters, and may days surprise us when we turn around...!
BTC has been soaring, I hope you haven't been trapped at the low!
Actually, before the hangqing unfolds, you and I are equal, but once the hangqing unfolds, we know who is setting off firecrackers and who is slapping their thighs!
Opportunities are like this, they come quietly and leave with a smile! We can only grasp the main contradiction by looking through the surface to see the essence, and follow the mainstream trend!
Now, the path northward in the 1-hour chart is very clear; any short-term pullback is an opportunity for you to get back on the bus!
101500-102000 range, watch the 10000-99000 break, look at 97000, if it doesn't break, keep an eye out.

BTC fell directly from the peak of 98136 in a 'free fall'
Two thousand five hundred seventy-three typical, this is like a person walking in the clouds suddenly slipping
#1210超57万人爆仓 #加密市场回调

The best way to deal with the past is to cut off those unnecessary branches, turning it into a crutch to support yourself as you walk towards the future.

Around five o'clock this morning, BTC staged a thrilling "roller coaster" ride, like a kite with a broken string.

The BTC hourly chart is still quite far from the moving average and must return to the moving average, which is inevitable. Additionally, the candlestick formed a hammer, a signal of a peak, clearly a dusk star, indicating a drop is imminent.

98100-98500 range, look at 93500-94500.

BTC, after surging above 100,000, has once again sharply declined

On Monday, most European and American stock markets closed lower, with the Dow Jones down 0.54%, the S&P 500 down 0.61%, and the Nasdaq down 0.62%

In terms of individual stocks, Apple rose over 1%, Microsoft rose 0.55%, Google rose 0.49%, Tesla rose 0.15%, Amazon fell 0.41%, Facebook fell more than 1%, and Nvidia fell over 2%

BTC suddenly readjusted. Previously, BTC surged above 100,000, but currently stands at 97,814, having once dropped below 95,000, with a decline of over 3.7% within 24 hours.

The red K-line cascades down steeply as expected, with a bumper harvest at 96218.

Every day is a new hope, the ups and downs of the market are sometimes unpredictable, but one thing to remember: there may be many disappointments in trading, but one must not lose hope, every day brings new opportunities for surpassing

BTC has been in contact with the moving averages, which indicates a volatile trend. In a volatile trend, fluctuations occur, and when it rises, it is a rally; there is nothing wrong with that. Moreover, BTC has already been suppressed by the moving averages on the four-hour and daily timeframes.

From the perspective of the four-hour trendline, BTC has also encountered resistance, and the rebound lacks the intention to break through the trendline, which reflects a counteraction to the trend.

96500-96800 rally, looking at 95000-94000

A new week, new opportunities! After a brief consolidation, BTC seems ready to embark on a new journey.

Fluctuating trends are just the exchange of yin and yang lines; a 5 bullish cycle on the daily chart indicates a high probability of a pullback in the daily rhythm.

Currently, the overall trend is not about unilateral strength or weakness, but rather fluctuation. It can rise or fall, and both rising and falling can participate.
Looking at the current trend, it is a cycle; first up, then down.

98200-98500 is the upward target, looking at 96000-96500.

Time flies, time is long, like a speck of dust floating in the abyss of the vast universe, it is boundless!

In December, there are data, the Federal Reserve, and Trump's first move. Whether the strong dollar policy pursued by the Trump administration will continue, whether the global market will buy it, we cannot estimate for the time being, the variables are still very large, and the impact will be not small!

At the end of the month, there are often shocks and surprises. Shocks don't matter, but surprises are difficult to predict, but the daily K-line pattern is not strong, the indicator is si-crossed, plus the expectation of a rate cut in December, it is recommended to go high

96000-962000, see 94500-94000

Those who can withstand the heavenly demons are true strong men; those who are not envied by others are mediocre. To achieve greatness and build a career, one must become braver in the face of setbacks. If you can endure, you will stand out; if you cannot endure, you will be eliminated.

The strong bullish support at the bottom of the BTC four-hour chart is clearly a concrete support that is difficult to break through. It's like a stone hitting a pebble, preparing for takeoff.

Look at 94800-95000, then watch 96600-97800.

May you have a passionate life, may you live fervently, live wonderfully, without regrets for the past, and not let this life go to waste. Life is like this, and so is making connections!
On the daily chart, a bearish engulfing pattern has formed, indicating a strong bearish sentiment, embracing a downward trend, and the moving averages are showing signs of turning downwards. The strong momentum has reversed downwards, this is the strong momentum of the market, and the resistance levels are continuously moving down.
92800-93000, look at 90800-89000.

Analysis of Reasons for the Decline

- Market Technical Aspects: From a technical indicator perspective, the cryptocurrency market has seen aggressive gains recently, with various indicators showing divergence signals. The greed index is approaching historical highs, and the contract open interest has reached an all-time high. The market is experiencing severe FOMO sentiment in the short term, leading to high risks of a pullback.

- Impact of News: U.S. State Department spokesperson Matthew Miller stated that a ceasefire agreement between Israel and Hamas has not yet been reached, increasing market uncertainty. Investors' concerns about the global situation have intensified, triggering a wave of selling.

- Inherent Market Risks: Cryptocurrencies like Bitcoin, as emerging financial products, exhibit significant price volatility and lack effective regulatory mechanisms. They are easily influenced by various factors, leading to drastic fluctuations. Additionally, market bubbles are continuously accumulating, and any slight disturbance could lead to a collapse.

Bitcoin shorts are dominating today, really impressive, picking up with great satisfaction

From a high of 98871 down to a low of 94587, a drop of 4284 points

Follow the market, enjoy the good life; if you don't follow the market, it will definitely take you away!

Smart people do not turn against each other. Give others a chance.
In the daily K-chart, the lower band of BOLL is gradually breaking down, with no continuation and strength in the rebound correction; the stochastic indicator continues to show a death cross downwards, the main signal; today the choice is to primarily short;

98500-90000 short, looking at 97000-96000

It's just like opening Pandora's box, with bulls rising rapidly like untethered horses.
In a bull market, opening up the pattern, taking confident little steps, singing all the way, pursuing one's own glory, recovering and reaching the shore.

As the ancients said, there must be a teacher among three people. If you look at people's shortcomings, there is no one in the world to be friends with. If you look at people's strengths, everything in the world is your teacher!
At present, it is a trend of Duo. The decline is Duo. Two horizontal and one vertical are Duo. It's that simple.

The four-hour line has obviously entered the rising stage. At least the big Yang line directly pierced the sky. It is obvious that it can't be held back. The big Yang line directly hits the decline of the Yin line, Duo

97800-97500 Duo, look at 99000-100000 ​​​