Bitcoin market on Christmas Eve: Reflections on the short-term sharp fluctuations

Under the night sky of Christmas Eve, the Bitcoin market experienced an unexpected sharp fluctuation. In a short period of time, the price of Bitcoin quickly rose from a low level, soaring all the way to the $6,000 mark, approaching the psychological barrier of $100,000. This sudden rise swept the entire market like a storm, driving many digital currencies including altcoins to rise together.

However, behind this apparent prosperity, there are more complexities. Although there are speculations in the market about the coming of the "altcoin season", the facts are not so simple.

As Bitcoin rose rapidly, market sentiment was once high, but the market changed rapidly, and Bitcoin soon began to retreat, and the altcoins that followed its rise also fell rapidly, and the price fell like a tide.

Judging from the current market structure, if Bitcoin and Ethereum, the two major mainstream digital currencies, continue to show a pullback trend, then the so-called "altcoin season" may be difficult to come.

In the entire cryptocurrency ecosystem, the trends of Bitcoin and Ethereum have a profound impact on the market. Their pullbacks will directly affect the capital flow and investor confidence in the market, which will cause the altcoins to encounter pullback pressure and thus fail to usher in the moment of explosion.

Although the current market trend is unpredictable, I still firmly believe that the altcoin season will eventually come, but it will take time to settle and the market to adjust. This belief keeps me sober and independent in my investment decisions, and I don't blindly follow the trend.

To this day, I still insist on holding my altcoin positions, and I will increase my positions in a timely manner according to market changes in the near future. In the ever-changing cryptocurrency market, only by maintaining a deep understanding and independent judgment of the market can we seize opportunities in future market fluctuations and achieve ideal returns. #比特币战略储备 $BTC $ETH #比特币市场波动观察 #加密市场盘整

The big pancake is about 2,000 points away from 100,000, everyone is witnessing history once again! Let's take another look at the second brother Ethereum's poor performance; after Ethereum's decline, it has been oscillating and building momentum for a week. Once the big pancake stabilizes, Ethereum is very likely to experience a surge! Subsequently, altcoins and mainstream coins will also attract a wave of rally, so be patient and wait!

Is it a bull market just for the big pancake? Not necessarily; in a good environment, whether you're a person or a dog, you can take off! When the opportunity arises, even pigs can take off. Hesitation leads to defeat; waiting and observing equals missing out! How many people are watching the rise with their eyes wide open but their accounts aren't growing? If not now, then when? Let's enjoy the benefits of this era together with Mi Ge!
#Finance# #CryptoCircle#BTC再创新高97k #BTC何时突破10万？ #市场围绕90K $BTC $ETH

The market trend over the weekend was not very big. It was sideways for half a day yesterday. It rose slightly this morning and then fell back. It fluctuated downward all day. It has almost reached the low point. The idea at night is still to look at it from a low point. #DODO助力Meme发行 #币安上线CATI #加密市场反弹 #美联储宣布降息50个基点 #特朗普首次使用BTC $BTC $ETH

Seeing that the market was calm all day on Saturday, after touching the support of 62500 last night, there was a stretch in the early morning, and the highest was around 62360. At midnight, the long position was directly closed at 700-55 points and left the market. In the afternoon, the market seemed to be controlled. There was really no chance for a 200-point fluctuation. #DODO助力Meme发行 #美联储宣布降息50个基点 #加密市场反弹 #币安上线CATI #特朗普首次使用BTC $BTC $ETH

Put down your mobile phone and computer and have a good rest and accompany your family. When the market moves, seize the opportunity to make more orders. The market trades 24 hours a day, 365 days a year, and you can adjust it yourself. Don't make orders just for the sake of making orders and make yourself too tired.

As the overall market continues to consolidate, we need to pay more attention to the 64000-65000 position. If it wants to break, it will be a big positive column of more than 2000 points. The specific arrangements will be made based on the market conditions at that time.

The market started to move in a straight line on Saturday afternoon? The fluctuation within 200 points is indeed too small. What we can do now is to wait for opportunities. The idea is to look at it from a low point to a high point. #币安上线CATI #美联储宣布降息50个基点 #加密市场反弹 #特朗普首次使用BTC $BTC $ETH

Yesterday was Friday with a large range, today is Saturday with a small range, the market is not surprising, so such a market is a rhythm of taking off directly from the short-term. Yesterday, 62500 was mentioned as the hourly support. One more hand was directly bought at midnight. In the morning, 700 points-50 points were collected. The weekend consumption was reimbursed. #币安上线CATI #美联储宣布降息50个基点 #加密市场反弹 #特朗普首次使用BTC $BTC $ETH

The rhythm of the weekend began to slow down and continued to consolidate at a low level. At present, the hourly level has become more and more obvious. The current consolidation can be regarded as a stage of accumulation. The intraday thinking is still treated as low and long.

Cake 62700-62500 more, looking up to 63800

This Friday has passed and I can see that the market is moving in a relatively rhythmic way today. The hourly level is 64000-62500, and there is a wide range of fluctuations. Control your position well and there are great opportunities for high-altitude and low-multiple. #币安上线CATI #加密市场反弹 #美联储宣布降息50个基点 #特朗普首次使用BTC $BTC $ETH

Looking back at today's layout, after eating 1000 points at midnight, the high altitude in the morning could not fall and went to protect the principal. Then it touched 64000 and fell 900 points. After adding space at the low position of 63200 mentioned in the evening, it also successfully won 400 points and exited. The overall layout is quite satisfactory. In fact, it can win more. The obvious entry position has been missed several times. Keep up the good work in the future!

The overall trend is indeed biased towards bulls, but the short-term pressure of 64,000-65,000 still exists. The cost-effectiveness of buying at a high level is not high. The two upward probes of the daily line have been closed. If you want to copy, you can wait for the backtest. In the short-term rhythm, it can still be treated as a range.

After the shock phase, the shock will follow. After shorting 1,000 points at midnight, the rebound shorting mentioned in the morning did not bring any good results. I made a small profit of 2-300 points and was too lazy to go out. In the end, I decided to wait and see to protect my capital. After waiting for a while, the big cake stretched directly to the 64,000 pressure line and shorted 900 points again. I will not do statistics in the short term. I will control my positions. Both long and short positions have opportunities. #币安上线CATI #加密市场反弹 #美联储宣布降息50个基点 #美国8月零售销售环比好于预期 $BTC $ETH

In the current hourly chart, we can see that the trend of the big cake image has begun to slow down slowly, maintaining a wide range of shocks. The pressure of the 64,000 line above still exists. At present, we are paying attention to the short-term support of 63,200.

It's absolutely amazing. Yesterday, the bullish trend continued to rise all the way to 63,300. Then, at midnight, the idea was that the pressure from above was still there. The bullish trend slowed down and the bullish trend fell back. It fell back to around 63,800. At present, it has almost retraced 1,000 points. Shorting means taking profits! At present, the market is still weakening and the rebound is too weak. The intraday idea is to treat the rebound as shorting. #美联储宣布降息50个基点 #加密市场反弹 #特朗普首次使用BTC #美国大选如何影响加密产业？ $BTC $ETH

The much-anticipated Thursday has passed. We are tired of talking about interest rate cuts, and I believe everyone is tired of seeing them. One word to describe it: "up". It has been going up all the way to around 63,500. The morning thinking clearly said that there is a lot of room for continued bullishness. Are there any opportunities for retracement to enter the market? #美联储宣布降息50个基点 #加密市场反弹 #特朗普首次使用BTC #美国大选如何影响加密产业？ $BTC $ETH

After closing at 3,500 points in the middle line, the morning retracement of the low point of 61,600 continued to be long. After a day of pocketing 1,300 points, the thinking continued to talk about the retracement of 62,800 and continued to fall 500 points. Let's just say that today I saw the idea and opened up more = earn U

Seeing the overall rhythm, the three consecutive big positives on the daily line have almost touched the daily level pressure. The small level continues to oscillate upward and the strength has gradually weakened. The pull is still pulling, but the strength continues to weaken. There is still pressure above 64500-65000. It is expected that a tea needle probe will fall back in the evening.

God will not let down those who work hard!
After a day of long, it finally took off in the evening!
In the morning, I said that there is still a lot of room above and I will continue to be bullish in the next day. What should I do if the retracement comes soon after I said that?

Continue to buy 61650. This long is directly at the lowest point. After a day of volatility, it finally rushed up and closed at 1350 points at 67 points in the evening. The official start must first get a good start! At present, the bullish sentiment is still rising. You can continue to get on the train after a retracement. #token2049 #加密市场反弹 #美国大选如何影响加密产业？ #币安上线NEIRO $BTC $ETH

After the early morning news was released, it rose first and then fell, which was only a thousand points. When you couldn't stand it anymore, the market came just when you fell asleep. This is how it is. In the morning, it was stretched by 2,500 points, and the mid-line more than 3,500 points have been pocketed. It is estimated that there are many irons who missed this wave. #token2049 #美联储宣布降息50个基点 #加密市场反弹 #美国大选如何影响加密产业？ $BTC $ETH

After the morning stretch, it was directly oscillating by a few hundred points and moving sideways in a straight line for half a day. Don't look at the upslope after seeing the four-hour. The bullish strength has not decreased. The overall upward sentiment is sufficient. There is nothing to analyze. Just continue to be bullish. Of course, it is not a direct long-term retracement.

Big cake 61700-61400 more, looking at 63000+

The Federal Reserve cut interest rates by 50 basis points. How will the market trend go? Today, the Federal Reserve announced a 50 basis point interest rate cut. The market rose, but the momentum was not very strong. So how will the market trend go? In fact, interest rate cuts are a good thing in the long run, but in the short term, many people will think that the US economy is in recession, so they will think it will fall.

But I don’t think it will fall sharply. The first interest rate cut was 50 basis points. There will be another interest rate cut in November this year. After two or three interest rate cuts, funds will enter the risk market, that is, the currency circle and the stock market.

So the first interest rate cut was not obvious, so today’s trend is mainly around low-to-long. After the morning stretch, continue to fluctuate and consolidate to accumulate energy, and then give some retracements to continue to long. #token2049 #加密市场反弹 #美联储宣布降息50个基点 #美国大选如何影响加密产业？ $BTC $ETH

The heavy positive news has been given, and the fluctuation of 1000 points in the early morning? How could it be? It must take some time to digest after the data is released. At present, it has been singing all the way to the 62000 line. The day before yesterday, it entered more than 60500 and then took the middle line. Now it has been given 1500 points of space and it has flown again.

Seeing that the current daily chart has consolidated near the middle track for a few days and stabilized, it has gone out of three consecutive positives. The overall market is opening up again. Looking at the 4-hour level, this wave of stretching in the morning broke through the previous high again. With the positive news of the interest rate cut, there is still a lot of space above this wave. The idea of ​​the day is to continue to look up. #美联储宣布降息50个基点 #美国大选如何影响加密产业？ #灰度将推出首个美国XRP信托 #美联储利率决议公布在即 $BTC $ETH

The real strong people in life are those who, after seeing the truth of life, still choose not to be perfunctory, not to complain, still love life, and try to do everything well! Good morning, the first interest rate cut is only 1,000 points of fluctuation? Let the bullets fly for a while. #token2049 #美联储宣布降息50个基点 #美国大选如何影响加密产业？ #ETHBTC汇率新低 $BTC

Last night, I mentioned that there will be big waves every Monday. This morning, it fell nearly 2,000 points overnight. The lowest point has reached 58,000 and it has rebounded to 59,000. The movement has come out. The more than 59,000 mentioned at midnight was also held for a day after adding positions at a low level. It is still continuing to rise.

The 4-hour level has closed with two needles. The current retracement has not broken the center. The retracement has almost been completed. Just continue to look up during the day. Big cake 58500-58300 continues to be more, looking up to 59700#美联储利率决议公布在即 #加密市场急跌 #比特币挖矿难度创历史新高 #特朗普哈里斯辩论未提及加密货币 $BTC $ETH

A week has passed in a flash. I can't help but sigh that time flies. It's the Mid-Autumn Festival holiday now. How did everyone earn this week? I feel that it fluctuates every day, but it has also risen by 5,000 points in a week. The trend is indeed not well grasped, but the income is still good if I run short-term long and short every day. #美国8月核心CPI超预期 #特朗普哈里斯辩论未提及加密货币 #美国大选如何影响加密产业？ #比特币年底能否突破10万美元？ $BTC $ETH

This week, a total of 7,700 points were obtained. This kind of volatile market is also relatively simple to do. Just follow the trend after breaking through. After a big positive line reached the 60,000 mark on Friday, the market really fluctuated for two days. At present, this situation is still in the stage of accumulating power.

Every Monday, there will be a big wave. I personally think it is still to prepare for the next round of stretching. From the four-hour level, we can see that Bitcoin has continued to run in the upward channel. If it falls back to 59300-59000 again, we can continue to look for another wave of higher prices.

Opportunities always come to those who are prepared and work hard!

At midnight, we talked about continuing to see bulls exert their strength. 59500 continues to be long.
It has now reached around 60200. 700 points of space have been given.
Those who have added more positions can arrange their exits by themselves at around 400 points.

The market moves slowly over the weekend and requires more patience. The current market is still extending upward. The hourly level has opened after shrinking. The next round of market is on the way. The intraday thinking continues to maintain the retracement and look at it more. #美国8月核心CPI超预期 #比特币挖矿难度创历史新高 #比特币年底能否突破10万美元？ #美国大选如何影响加密产业？ $BTC $ETH

It was 60,000 at midnight and still 60,000 in the morning. The difference is that there are more cabins? Is that right, everyone? The midnight idea is to continue to buy at 59,500. In the early morning, I directly bought tea needles. It rebounded again, giving 500 points of space. After adding cabins yesterday, it is also making profits. As long as the market moves, there will be opportunities! #美国8月核心CPI超预期 #特朗普哈里斯辩论未提及加密货币 #比特币挖矿难度创历史新高 #比特币年底能否突破10万美元？ #美国大选如何影响加密产业？ $BTC $ETH

In the current four-hour chart, it can be seen that after closing the small cross star, two consecutive positives have begun to rise gradually. The overall opening is still upward. The small level has been accumulating energy for a long time and has shrunk to the limit, waiting for the long-term accumulation of energy to break out.

Big cake 59800-59600 more, looking up to 61000

A person who can see things from other people's perspectives and understand other people's mental activities will never have to worry about his future. Good morning! This market is really hard to describe. 60,000 before going to bed and 60,000 when waking up. It will continue to rise within the day👀#美国大选如何影响加密产业？ #比特币年底能否突破10万美元？ #比特币挖矿难度创历史新高 $BTC