The monthly line before November looks worse, what was the result?
éæę ¹ęč®°
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Bullish
The holiday is over, is a big drop coming? The monthly candle for Bitcoin this month is quite frightening, it feels like the evening star of a big drop, reminding me of the monthly candle from April 2021! Subsequently, the next month saw one of the most catastrophic drops in history, the infamous "5.19" crash! Of course, it can't be as simple as seeking a sword in a boat, after all, the current consensus and institutional involvement in Bitcoin are difficult to compare to that time. Moreover, the halving market had been ongoing for a year, and after hitting the upper Bollinger Band, it rose for 6 consecutive months, now we are 8 months post-halving and after 6 months of consolidation, we are breaking new highs. However, this monthly $BTC is indeed making me sweat; with the double holiday ending, the main force is returning, preparing for an impact! After such a long period of sideways movement, the longer the horizontal, the higher the vertical; this vertical can go up or down, but for now, the probability of going up is slightly greater.
It's already over a hundred thousand, and you still say that?
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No matter how much the media exaggerates, I personally will never hold Bitcoin for the long term. Various media analysts are now predicting that Bitcoin will break through $150,000, $500,000, $1,000,000, or even $10,000,000, as if holding one Bitcoin means you'll never have to worry about food and drink for the rest of your life. However, as a seasoned professional in both the finance and computer industries, I am very aware of the significant technical unpredictability of Bitcoin. If the so-called limit of 21 million can be guaranteed for the long term or even indefinitely, and if public investment enthusiasm can be maintained over the long term, then these predictions might indeed come true, but the probability of risks arising is also very high. I personally prefer to hold a large amount of gold and U.S. stocks. After all, gold is a physical asset that has been validated for its scarcity over thousands of years, while U.S. stocks have proven their long-term bull market over more than a century, with simple and clear underlying logic. Bitcoin might reach one million dollars, but it could also end up being worth nothing. Why should I take that risk? Of course, taking advantage of the momentum for short-term trading is definitely possible; when you make a profit, it's wise to secure it!
BlackRock suddenly issued a "super rare" statement! Bitcoin plummeted to 96,000, and the largest crypto exchange in the past dumped its stocks
On Friday (December 20), Bitcoin plummeted to $96,000 before rebounding. Short sellers took control of the situation in the short term. BlackRock, a Wall Street asset management giant that manages $10 trillion globally, issued a rare disclaimer, saying that it could not guarantee that the total supply of Bitcoin would remain unchanged at 21 million, sparking controversy in the community. After the Federal Reserve's rate cut meeting released hawkish signals, Mt.Gox, the former largest crypto exchange, dumped $102.5 million worth of Bitcoin.
BlackRock: There is no guarantee that the total supply of Bitcoin will remain unchanged at 21 million CoinTelegraph pointed out that after BlackRock released a 3-minute Bitcoin explanation video and added a disclaimer saying that there is no guarantee that the 21 million Bitcoin supply cap will not change, the debate over whether the total supply limit of Bitcoin is truly fixed has resurfaced.
Every time I invest heavily in $ETH , it goes down. I'm stuck with the spot market, suffering significant losses. I want to leave the crypto world to break even; it is not stable at all and affects my life and mood. It seems very difficult to make money in the crypto space. For ordinary people, playing with cryptocurrencies is not as stable as working. Every day in the crypto world is nerve-wracking and affects my quality of life.
A massive collapse, I've sold it all. I sold everything I had. Every coin I owned has vanished. I have completely exited the cryptocurrency market, I canāt take it anymore. Radical dumping, manipulation, everything is so brutal.
It should be said that after breaking 100,000, market expectations have increased. It is now compared to gold, something that was previously unimaginable.
Amyē“
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Thinking: Who is buying more than 100,000 Bitcoins?
Bitcoin has hit new highs recently, with todayās highest price being 106630 One can't help but wonder, why are there still people buying bitcoins worth more than 100,000 yuan? Didn't they buy it at 20,000 or 30,000 yuan last year, and didn't they buy it at 50,000 or 60,000 yuan this year? Who are the people buying it? $BTC Newcomers to the market are buying It is possible that many people have never known about the cryptocurrency world and have never bought Bitcoin in their daily lives. After seeing the news that Bitcoin has risen a lot, they also want to buy some and wait for the rise. People who have a firm belief in Bitcoin are buying These people have a firm belief in Bitcoin. They always believe that Bitcoin's 100,000 US dollars is just the beginning, and it will gradually reach 120,000, 150,000, or even 200,000, 500,000 in the future. Therefore, the current 100,000 is also worth buying, and they can still make money in the future.
Not running but persuading others to fall into the trapš
ååƼå
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Bullish
Bitcoin ETF had a net inflow of $773 million yesterday, while Ethereum ETF had a net outflow~
Although Ethereum has been criticized, it continues to prove that it is not useless
However, constant criticism leads to ongoing attention, and it seems that Ethereum does have opportunities; at least for now, ETH does not seem lonely among the mainstream tokens (Recently, BNB's performance has been worse than ETH ššš)
BTC will not continue to operate independently like this; the first place for capital overflow will definitely be towards Ether, after all, ETH is one of the only two tokens that have an ETF
I wonāt discuss the market situation here; itās just cheap goods, letās talk about it during the live stream tonight
A couple of days ago, I sent out three strongly correlated tokens with Ethereum: AAVE, LDO, UNI
DCA into these tokens when they dip, as they will gain more and stable appreciation when Ethereum rises
If you must buy ETH, consider splitting it into three batches: 3100 for the initial position, 3030 for additional purchase, and lastly, if it can drop below 3000, look for a point to supplement
#BTCååę°é«97k $ETH
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