BTC prices have soared, breaking through all-time highs and attracting the attention of global investors.
Recently, BTC's price trend is legendary. On November 13, BTC stood above the $90,000 mark for the first time, rising by more than 4% in a day, and then pushed the all-time high to $91,000 per coin, and even broke through $92,000 at one point. The year-to-date increase is more than 110%, and such a rise is remarkable.
The surge in BTC prices is not accidental. From the supply side, similar to the previous halving effect, the market generally starts about half a year after the halving. From the demand side, the market generally believes that the coming to power of President Trump, who is friendly to Bitcoin, is the main reason for the rise in this round of cryptocurrency market. At the same time, the Fed's interest rate cuts and institutions' continued hoarding of coins have also contributed to the rise in the market.
There is a historic surge, Bitcoin is skyrocketing, DOGE is skyrocketing, Meme continues to rise, opportunities are blooming everywhere, hurry up and get on board...
European market stage on November 14, 2024
The U.S. CPI data for October released last night was fully in line with market expectations and did not cause too big a stir in the market. However, data performance has increased market confidence that the Federal Reserve will cut interest rates again next month. The probability of a 25 basis point rate cut in December has increased to about 80% from about 58% earlier on Wednesday.
The gains in U.S. stocks faltered on Wednesday. The three major indexes collectively turned down at the beginning of the session, and then turned higher again. The gains narrowed significantly in late trading and the Nasdaq closed lower. The S&P 500 edged up 0.02%, the Dow closed up 0.11%, and the Nasdaq closed lower. fell 0.26%. The "Seven Sisters of Technology" had mixed gains and losses, and most cryptocurrency concept stocks fell back. Crypto markets are regaining momentum after a brief correction.
Bitcoin broke through the important mark of US$90,000 last night, reaching a maximum of US$93,265. It set a new all-time high and then fell back to US$89,586 as of press time. At present, the market value of Bitcoin has surpassed Saudi Aramco and become the seventh largest asset in the world. Meme coins continue to rise, leading all major sectors and becoming the focus of investors.
In terms of foreign exchange commodities, after the CPI was released, the U.S. dollar index first fell and then rose, rising to the highest level in 13 months since October last year, putting pressure on other currencies, and the offshore RMB fell below 7.25 yuan.
Oil prices rebounded on Wednesday and closed up more than 0.45%, hovering at two-week lows. The dollar and U.S. bond yields climbed, putting pressure on gold prices to fall for the fourth consecutive trading day, hitting a nearly two-month low. The CPI data, which was in line with expectations, increased the probability that the Federal Reserve would cut interest rates again in December, and to a certain extent helped calm market concerns about the outlook for inflation after Trump's election victory.
Currently, the market is focused on Thursday's PPI and weekly initial jobless claims, Friday's retail sales data, and comments from Federal Reserve Chairman Powell and other Fed officials.
In a bull market, it is crucial to hold positions. Even if the market experiences a sharp correction in the short term, it may rebound quickly, even double or triple.
The recent sharp market fluctuations are indeed anxiety-provoking and fomo-inducing, especially when seeing some people frequently show their huge gains. In the face of this situation, I suggest that if you feel too stressed, you can temporarily stay away from the exchange and reduce the frequency of watching the market, such as once every three days, to stay calm and rational.
In a bull market, almost all currencies will eventually rise, and market rotation is inevitable. Patiently waiting for wealth to grow is also an important personal ability.
PENDLE has made impressive progress after breaking through the $2.20 mark.
As bullish conditions continue, the target of $5.47 is now in sight.
Bitcoin's continued positive performance is expected to accelerate the asset's gains, and PENDLE is poised for significant gains as its momentum builds.
After breaking through the previous high, BTC continued the bull market's upward trend and continuously created new historical peaks. After a brief drop to 86,000, it quickly rebounded and successfully crossed the 90,000 mark, further refreshing the historical high to 93,000. The day closed with a full positive line, showing that the market's bullish sentiment is still very strong.
The recent market performance is like a runaway horse, so fast that many investors may be caught off guard and fail to seize the initial stage of the market in time.
However, there is no need to worry too much. The bull market is not just a one-sided rise, and the market will naturally have a pullback. When the pullback comes, don't hesitate, seize the opportunity decisively and enter the market bravely. In the wave of the bull market, the most critical strategy is to select the currency and hold it until the expected goal is reached.
UMA showed solid growth, finding solid support at $1.68 on the back of strong trading activity.
The path to the $3.80 target is promising, especially if Bitcoin continues to be bullish, which would significantly boost investor confidence and drive progress for the asset.
This wave of bitcoin has risen rapidly. Although it was expected, the rapid increase is surprising. Data shows that if bitcoin rises to $88,000, a large number of shorts will be cleared, because many large investors have opened short orders in the range of $69,000 to $73,000. The dealer is likely not to let go of this wave of funds, so the long orders at the bottom must be held firmly.
Here are some key points:
Standard Chartered Bank predicts that BTC may reach $125,000 by the end of the year, and SOL has the potential to set a new high. The fear and greed index has reached 80, which is in a quarterly greed state, close to 90 in March. The long-short ratio is 0.79, and there are still many shorts at present. The amount of liquidation in the past 24 hours is 724 million yuan. The US SEC has once again postponed the decision to list ETH spot ETF options on the New York Stock Exchange. Forbes pointed out that both Trump and Biden support cryptocurrencies, but there are still many uncertainties. Nvidia's financial report is about to be released, focusing on the AI sector, ARKM, WLD, FET, RNDR and other related stocks. CPI, unemployment data and speeches by the Fed chairman and board members will be released on Thursday, which is worth paying attention to.
For investors who have not established a basic Bitcoin position and wish to increase their long positions, the market often does not provide ideal entry opportunities. Sometimes, one can only watch helplessly as prices continue to rise, struggling to find the right moment to enter.
Due to the absence of decent market pullbacks, the risk-reward ratio for entering midway is not ideal, making it easy to trigger stop-loss orders due to market fluctuations. Therefore, a good position management strategy becomes particularly crucial.
When reaching a phased target, it is unwise to close all positions at once. Instead, one should wait for the market to pull back to a level where it cannot fall further, or gradually increase positions when the price breaks through resistance again. This flexible and cautious position-adding strategy is the most reasonable operational mindset. Through this approach, one can control risks while fully utilizing market fluctuations to increase returns.
The recent market performance has been like a runaway horse, extraordinarily rapid, which may leave many investors feeling caught off guard and unable to seize the initial stage of the trend in time.
However, there is no need to worry excessively. A bull market does not only involve a one-sided rise; the market will naturally experience pullbacks. When a pullback occurs, do not hesitate; decisively seize the opportunity and bravely enter the market. In the wave of a bull market, the most critical strategy is to select currencies carefully and hold on until the expected target is reached.
Wishing every investor abundant wealth in this bull market feast and a joyful experience of wealth growth!
According to historical experience, during a bull market, holding long-term positions and maintaining a high position is two core strategies to reduce mistakes and maximize profits.
Firstly, the increases during a bull market often exceed expectations, especially in the main upward wave phase, where short-term gains may surpass long-term accumulated growth. This is known as "high risk, high reward". Therefore, as long as the cryptocurrencies held do not show signs of accelerating towards a peak, one should not easily change positions or exit the market. Historical bull markets have repeatedly proven that frequent trading is a taboo in a bull market; once the rhythm is wrong, one can easily fall into the trap of chasing highs and cutting losses.
Secondly, in a generally rising market, each operation has a higher margin for error. During such a time of high win rates and high returns, the correct approach is to make full use of the available funds, allowing them to generate as much profit as possible for you. Therefore, maintaining a high position is crucial. Of course, to cope with market volatility, one can retain a portion of flexible positions while maintaining a high position to adapt to market changes and adjust the holding structure.
LAT found strong support at 0.007, with trading volume increasing as the price approaches the $0.018 target. GRT's momentum has uplifted market sentiment, driving LAT's bullish trend forward.
In trading, it is crucial to follow the market trend. Without the courage to try and make mistakes, it is difficult to make a profit in the market.
Once the correct market direction is determined, the next focus is on controlling the drawdown of funds. In a volatile market, we should take profits at the right time to avoid unnecessary stop losses; while in a trending market, we should avoid taking profits too early, and have the courage to stop losses in a timely manner.
In summary, after determining the correct direction, it is important to: protect the profits already gained, avoid excessive losses due to market fluctuations; in a volatile market, lock in profits at the right time to avoid missing opportunities due to price fluctuations; in a trending market, if the market direction is contrary to our expectations, we must have the courage to stop losses in a timely manner to avoid greater losses.
Through these strategies, we can better manage risk and improve the success rate of trading.
The breakthrough of MEW depends on the momentum of Bitcoin. Combined with the strong performance of SHIB and PEPE, a broad rebound may boost the price and trading volume of MEW.
The price of ILV is currently 41.47, showing a growth of 13.03%. According to technical analysis, the BOLL indicator shows a strong upward trend, with the potential to reach 42.61.