The last day of 2024: I hope everyone can achieve a "free" life as soon as possible
December 31, 2024 Time flies, today is the last day of 24 years, and another year has passed without you noticing. No matter how many goals you have achieved this year, I think everyone should applaud their efforts and contributions. This year is a memorable year for cryptocurrencies. Bitcoin broke through the super-large integer of 100,000 US dollars and attracted worldwide attention. Although coin friends don’t like to hold Bitcoin, as a part of cryptocurrencies, they will feel excited and proud, at least proving that their choice is correct, and many people have achieved a leap in asset levels by relying on digital currencies.
These past two days, I have been watching reports about the crash of a Korean passenger plane, where only two crew members survived, and all 179 passengers perished. One of the surviving flight attendants may be completely paralyzed. This air disaster is likely the largest in Korean history, and it could even rank among the top ten in human history. Watching the final impact video was extremely despairing. The analysis of the black box has not yet been released. Regardless of where the responsibility and cause lie, the event has already occurred, and it holds no meaning for these passengers.
I’ve seen various analyses and some messages from passengers to their families that were disclosed, and I feel a bit heavy-hearted. At times like this, people habitually say: tomorrow and unexpected events are uncertain, but even watching news reports feels a bit suffocating. Perhaps for us, life needs more relaxation; the sense of gain and loss should be appropriate. Sometimes, it’s worth considering whether pursuing too much is too exhausting and if it’s really necessary.
Returning to the market, the recent low volatility fluctuations provide a good opportunity to rest. Based on my market judgments, I have already relaxed and plan to enjoy the New Year period. It’s said that trading cryptocurrencies is too difficult; when prices rise, one feels they bought too little, especially when seeing others posting their gains of several times, which makes it even harder to bear. Conversely, when prices drop, it’s also painful, either being trapped in losses or feeling stuck. In summary, in the crypto space, lacking a good mindset leads to sleepless nights during both rises and drops, and anxiety during sideways movements. Moreover, trading is 24/7. Thus, for us crypto traders, the most important thing is to adjust our mindset and also embrace life.
Bitcoin dropped a little yesterday, hitting a low of 93,000. On the daily level, it is still hovering around a central point. It’s worth noting that recent fees have turned negative overall. On one hand, there are quite a few arbitrage opportunities; on the other hand, I feel that the market's bullish sentiment has been dampened, and bearish sentiment is beginning to emerge. Based on this indicator, I don’t think it’s necessary to be too bearish in the near term. At this position, it’s appropriate to do some dollar-cost averaging, buying a little on small dips and more on larger drops.
Thank you for your attention and likes. You can add me at 币安专属聊天群. During the Spring Festival, there will be a red envelope feature and other benefits released.
These past two days, I have been watching reports about the crash of a Korean passenger plane, where only two crew members survived, and all 179 passengers perished. One of the surviving flight attendants may be completely paralyzed. This air disaster is likely the largest in Korean history, and it could even rank among the top ten in human history. Watching the final impact video was extremely despairing. The analysis of the black box has not yet been released. Regardless of where the responsibility and cause lie, the event has already occurred, and it holds no meaning for these passengers.
I’ve seen various analyses and some messages from passengers to their families that were disclosed, and I feel a bit heavy-hearted. At times like this, people habitually say: tomorrow and unexpected events are uncertain, but even watching news reports feels a bit suffocating. Perhaps for us, life needs more relaxation; the sense of gain and loss should be appropriate. Sometimes, it’s worth considering whether pursuing too much is too exhausting and if it’s really necessary.
Returning to the market, the recent low volatility fluctuations provide a good opportunity to rest. Based on my market judgments, I have already relaxed and plan to enjoy the New Year period. It’s said that trading cryptocurrencies is too difficult; when prices rise, one feels they bought too little, especially when seeing others posting their gains of several times, which makes it even harder to bear. Conversely, when prices drop, it’s also painful, either being trapped in losses or feeling stuck. In summary, in the crypto space, lacking a good mindset leads to sleepless nights during both rises and drops, and anxiety during sideways movements. Moreover, trading is 24/7. Thus, for us crypto traders, the most important thing is to adjust our mindset and also embrace life.
Bitcoin dropped a little yesterday, hitting a low of 93,000. On the daily level, it is still hovering around a central point. It’s worth noting that recent fees have turned negative overall. On one hand, there are quite a few arbitrage opportunities; on the other hand, I feel that the market's bullish sentiment has been dampened, and bearish sentiment is beginning to emerge. Based on this indicator, I don’t think it’s necessary to be too bearish in the near term. At this position, it’s appropriate to do some dollar-cost averaging, buying a little on small dips and more on larger drops.
Thank you for your attention and likes. You can add me at 币安专属聊天群. During the Spring Festival, there will be a red envelope feature and other benefits released.
You've worked hard, but anyway, I can't understand it.
分析师舒琴
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Ethereum Upgrade Weak! Did you know? Bitcoin is also upgrading, the date is on this day! A bolt from the blue! The Federal Reserve is going to cancel the rate cut next year? What is Hype? What are the benefits? Be careful, Uni has a huge negative impact, what exactly happened? Is BTC peaking at 100,000?
Ethereum upgrades are impressive? Bitcoin also has upgrades, directly lowering the tier! The explosive date is on this day! Large holders are starting to reduce their positions, is the bull market about to end? Which coins are worth laying low on right now? A bolt from the blue! The Federal Reserve won't cut rates in the first half of next year? Where will the future of the crypto space head? Let’s follow Shu Qin and take a look. First of all, the most concerning question is whether the bull market has already ended and how much longer it can last? Everyone, look at the chart.
The chart shows the changes in the holdings of long-term and short-term holders, and you can clearly see that the blue long-term players are reducing their holdings because their chips were accumulated at 20,000 or 30,000, which have now multiplied by 4 or 5 times. Thus, some smart money is indeed taking profits, which aligns with the bull market pattern.
Remembering history may just be a performance, but it is astonishingly similar. Currently, two similar flowers have bloomed; the second one is already halfway open. These two waves of similar trends have one that deviated for 37 days and another that deviated for 36 days.
The first one took 15 days for the pullback, and this wave has already lasted seven days. If one were to seek the sword by marking the boat, then there is only one boring moment left for a week, so please cherish it. I firmly believe there is another wave not far in the future.
Yesterday, everyone experienced the first plunge since this round of bull market. Unlike the declines on the 6th and 10th, yesterday's decline time and magnitude reached the psychological limit of investors, and ETH's maximum decline in more than a day was close to 20%. Combined with the collapse of the cottage, it is obvious that a large number of panic orders were killed.
Yesterday, I also reminded on 币安专属聊天群 that there is no need to sell coins when the market falls so much, and the emergence of such panic chips is also a signal of the market's staged lows. Those who reduce their positions at high levels can buy the bottom in batches. Yesterday, many people left messages to thank me, saying that they avoided this big drop based on my risk warnings. In fact, I think they should applaud their brave reduction of positions.
Price fluctuations always give us the most direct emotional response. Restraining greed and selling, and enduring fear and buying at low levels are both anti-human things. I think that for most people, being able to leave the market in batches when the market is crazy and buying the bottom one after another when the market is panicking can exceed 90% of people.
How will the market go next? First of all, the stage bottom is basically formed. At present, it is rebounding from oversold. I think the price of Bread will go above 100,000 and continue to pull up the market. Then, in the next few days, it will go down and bottom out again at a low level. This is a regular trend, so those who buy the bottom can reduce their positions first, and those who don't buy the bottom can also reduce their positions gradually. Of course, the bull market is still there, and the second bottom is just based on experience. If it does not appear, the current reduction of positions should be prepared for long-term profit-taking.
First, can MAGIC still hold the teacher, and is it still tied up?
币姥爷
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December 21, 2024
Yesterday, everyone experienced the first plunge since this round of bull market. Unlike the declines on the 6th and 10th, yesterday's decline time and magnitude reached the psychological limit of investors, and ETH's maximum decline in more than a day was close to 20%. Combined with the collapse of the cottage, it is obvious that a large number of panic orders were killed.
Yesterday, I also reminded on 币安专属聊天群 that there is no need to sell coins when the market falls so much, and the emergence of such panic chips is also a signal of the market's staged lows. Those who reduce their positions at high levels can buy the bottom in batches. Yesterday, many people left messages to thank me, saying that they avoided this big drop based on my risk warnings. In fact, I think they should applaud their brave reduction of positions.
Price fluctuations always give us the most direct emotional response. Restraining greed and selling, and enduring fear and buying at low levels are both anti-human things. I think that for most people, being able to leave the market in batches when the market is crazy and buying the bottom one after another when the market is panicking can exceed 90% of people.
How will the market go next? First of all, the stage bottom is basically formed. At present, it is rebounding from oversold. I think the price of Bread will go above 100,000 and continue to pull up the market. Then, in the next few days, it will go down and bottom out again at a low level. This is a regular trend, so those who buy the bottom can reduce their positions first, and those who don't buy the bottom can also reduce their positions gradually. Of course, the bull market is still there, and the second bottom is just based on experience. If it does not appear, the current reduction of positions should be prepared for long-term profit-taking.
Which one is better between MAGIC and 1INCH? I don’t know how to ask for advice now that I don’t have Weibo.
币姥爷
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December 18, 2024
Tonight, the Federal Reserve will hold a meeting on interest rates. The market currently expects that the rate will continue to fall by 25 basis points. If the market continues to move in accordance with expectations, there will not be much volatility. The possibility of another 50 basis point decline is very small. In fact, for the macroeconomic situation, when the US dollar interest rate is the highest, it is the most difficult time for the market. Obviously, this period of time has passed. It is expected that there will be three more interest rate cuts next year. As the pace of interest rate cuts accelerates, more US dollars will emerge in the market.
This wave of big cake rise has obviously benefited from increased liquidity and boosted investor confidence, and ETFs have opened the inflow of US stock funds, which has led to the $100,000 in big cakes. However, it is worth noting that the recent ETFs are still in a state of net inflow, but the prices of big cakes and Ethereum have shown a stagflationary trend, especially the pressure of Ethereum at 4,000 points, which is actually far less than that of 4,800 points.
This has to be said that the right to speak for big cakes has not actually been mastered by Wall Street capital. I think it is still in the hands of the mining circle and the ancient whales, especially when it is really time to smash the market, it can be done. In addition, judging from the trend of cottage stocks, it is indeed obvious that they need to take a break. The main players who pull the market seem not to want to continue playing with the big cakes, but are selling at high prices. The recent decline is the best proof.
In terms of the market, at present, at this position, I think there is a trend of "half-time break" in the long term, that is, the two festivals have to pass, but the bull market has not ended, but continued after the rest, which is also in line with the cycle rhythm of the most fomo next year. In the medium term, the entire market has a relatively obvious signal of shipment, including some big investors around me, who have basically completed the cleaning of high positions. Therefore, in the past two weeks, I have also strongly advised everyone to reduce their positions in batches. So far, if the positions have been reduced by more, you can buy back when the market falls recently and do some swings, but the principle is that the total position cannot be more than before, or just keep U patiently and wait for the market to fall irrationally.
Thank you for your attention and likes. 点击加入币安专属聊天群.
The year 2025 will be a crazy bull market in the cryptocurrency world and also the last opportunity for retail investors! As someone who has experienced three bull and bear markets, having struggled in the crypto space for 10 years, and transformed my capital from 8000 to now achieving financial freedom, a leap in social class! Let me explain in detail about the cryptocurrency bull market in 2025, and how retail investors can make money and get a share! First, let's discuss why the bull market in 2025 is the last opportunity for retail investors, with several reasons: 1. The next cycle is highly tied to the U.S. economy. 2. The U.S. 2024, which is this year, is an election year. After the election, for 1-2 years, it is highly probable that there will be massive monetary easing. It has been almost confirmed that changing the president will likely lead to massive monetary easing. Domestic policies will probably follow this trend. 3. Domestic policy risks, which have been the biggest instability factor in the crypto space, have been eliminated. After the complete withdrawal of mining, the impact on the crypto market has become very low. 4. Young people from high-education, young, upper-middle-class families are joining in. This trend has occurred in many emerging industries. They will become new legends and bring more people and more capital into the market. 5. Bitcoin ETF approval allows substantial funds to enter the market easily, driving demand. 6. Bitcoin halving, I put this last because I feel it is not the key factor for a major bull market. However, it is very likely to become a key signal. It serves as a reason for institutions, retail investors, and large holders to push the bull market. This bull market differs from the previous one and resembles the 2016 surge that turned into a crazy bull market in 2017. So, after the rise in 2024, it will also become a crazy bull market in 2025! The Top Ten Signals Before the Arrival of the Cryptocurrency Bull Market Before a bull market arrives, there are always some key signals. If you catch them, you can position yourself early and welcome the market rise! Here I summarize the ten most common signs to help you identify opportunities. 1. Monetary easing and sufficient funds. Central banks releasing liquidity and lowering interest rates fill the market with funds. Bitcoin, as a 'safe-haven asset', begins to gain popularity. The higher the inflation expectations, the greater the market for Bitcoin. 2. Institutional capital entering. Large funds and institutional investors begin to purchase cryptocurrencies, which often signals that a bull market is about to start. Their entry is a significant indicator. 3. Surge in social media buzz.
Brother's market value has surpassed Ethereum, the coin you mentioned
加密富豪-LeLe
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2025 Potential Forecast for 100x Coins:
1. ARB: A Technology-Driven Future
Expected Price: $20.08 With its innovative technological architecture and strong ecosystem development, ARB is poised to become a core player in the DeFi space, attracting significant funds and users, driving prices up substantially.
2. SUI: Prosperity of the Ecosystem
Expected Price: $30.92 SUI has a strong technological background and community support, and is expected to become a leader in the DeFi and NFT sectors, pushing prices further upwards.
3. APT: A Revolution in User Experience
Expected Price: $14.84 APT continues to optimize network scalability and user experience, and its technological advancements are likely to attract more application scenarios, further enhancing market value.
4. ZK: The Rise of Privacy Protection
Expected Price: $13.99 ZK utilizes zero-knowledge proof technology to provide a balanced solution for privacy and transparency, and is expected to play an important role in privacy transactions and compliance applications in the future.
5. OP: The Rise of Layer 2
Expected Price: $19.65 As a Layer 2 solution on Ethereum, OP has successfully alleviated congestion issues on the mainnet, and the growth of application scenarios in the future will further enhance its value.
6. TRX: Unlimited Potential
Expected Price: $9.69 TRX continues to attract capital inflows with its stable ecosystem and business model, and is expected to stand out in the widespread implementation of blockchain applications in the future.
7. Puppies: Musk-themed Dog Coin, a Meme Coin with Explosive Potential
Expected Price: $0.0009 As a Musk-themed Meme coin, Puppies, supported by the powerful Ethereum ecosystem and social buzz, may attract significant attention from retail investors in the future. Although the price seems negligible, its potential for 100x or even 1000x gains should not be overlooked. This “little dog” could be the next wealth code in the crypto space!
Summary: In the crypto space of 2025, technology-driven applications, scenarios, and community enthusiasm will be the three key factors determining the value of coins. Whether it’s a tech project or a Meme coin, as long as you seize the opportunity and hold patiently, you could achieve financial freedom. Remember, do not underestimate any “little dog,” as they may run faster than you think!
In the past two days, a chain called HypeLiquid has become popular. In fact, this is a protocol that started with derivatives trading, and it has recently attracted tens of billions of funds due to speculation on 'earth dogs'. Since it can only be cross-chained to HypeLiquid through Arbitrum, we have seen that the USDC assets on the ARB chain of Binance and OK have temporarily suspended withdrawals. It must be said that trading is still the most typical business model, and the success of HypeLiquid has been hailed as the on-chain FTX.
Of course, I am not recommending to buy their platform token. In fact, I recommended this protocol a long time ago, suggesting everyone to move some contract trading over. I personally traded some and received an airdrop of 1500 tokens, which, at the current price, exceeds 30,000 USDT, but I sold at $10. The reason is naturally that I believe the valuation is too high; currently, HYPE's FDV exceeds that of UNI. However, market sentiment is such that once it gets crazy, the price ceiling can also be broken.
In fact, a bull market is really just a process of selling high. Some might say, why not take more of this free airdrop, but they do not realize that HYPY opened at $3-4, and getting to $10 required a reasonable judgment on valuation to hold. To elaborate, when our other tokens go up, we can also make a reasonable assessment based on market capitalization. Do not just look at the price and hesitate to sell, because decimals can be zeroed out, and integers can also be added to, there is no upper limit on unit price.
In terms of market conditions, Bitcoin is still above 100,000, and maintaining this trend is undoubtedly a good signal. In fact, in this round of market conditions, we can see that Bitcoin's market trend is different from that of other tokens. However, the overall market trend in the crypto space still depends on Bitcoin's movements, so whoever is driving the price up is good news. But looking at the trends of ETH and others, we can also see that the upcoming market will continue to experience small fluctuations in a range, and we will have to wait for a new direction.
In the past two days, a chain called HypeLiquid has become popular. In fact, this is a protocol that started with derivatives trading, and it has recently attracted tens of billions of funds due to speculation on 'earth dogs'. Since it can only be cross-chained to HypeLiquid through Arbitrum, we have seen that the USDC assets on the ARB chain of Binance and OK have temporarily suspended withdrawals. It must be said that trading is still the most typical business model, and the success of HypeLiquid has been hailed as the on-chain FTX.
Of course, I am not recommending to buy their platform token. In fact, I recommended this protocol a long time ago, suggesting everyone to move some contract trading over. I personally traded some and received an airdrop of 1500 tokens, which, at the current price, exceeds 30,000 USDT, but I sold at $10. The reason is naturally that I believe the valuation is too high; currently, HYPE's FDV exceeds that of UNI. However, market sentiment is such that once it gets crazy, the price ceiling can also be broken.
In fact, a bull market is really just a process of selling high. Some might say, why not take more of this free airdrop, but they do not realize that HYPY opened at $3-4, and getting to $10 required a reasonable judgment on valuation to hold. To elaborate, when our other tokens go up, we can also make a reasonable assessment based on market capitalization. Do not just look at the price and hesitate to sell, because decimals can be zeroed out, and integers can also be added to, there is no upper limit on unit price.
In terms of market conditions, Bitcoin is still above 100,000, and maintaining this trend is undoubtedly a good signal. In fact, in this round of market conditions, we can see that Bitcoin's market trend is different from that of other tokens. However, the overall market trend in the crypto space still depends on Bitcoin's movements, so whoever is driving the price up is good news. But looking at the trends of ETH and others, we can also see that the upcoming market will continue to experience small fluctuations in a range, and we will have to wait for a new direction.
ID Coin — Don't hesitate any longer; this is your excellent opportunity!
If you haven't noticed ID Coin yet, you really need to be careful! Because it is quietly accumulating strength, preparing to explode in the future. What I want to tell you is that the ID Coin project is now becoming a super dark horse in the crypto circle for the next few years. You know, I have been in the crypto world for a few years, participated in many coins, and experienced various bull and bear markets. However, only a few coins have made me completely believe — and ID Coin is one of them! When I first invested in ID Coin, the voices in the market were doubting the potential of this coin. However, I looked far ahead and deeply understood the true value of this project. It is not just a virtual currency; it is part of the next generation of identity verification and decentralized internet. The application scenarios involved, whether in social media, payment systems, or online verification, are essential demands in the future market.
Happy weekend! The market is relatively calm. Although Bitcoin has once again broken through 100,000, the fee data remains low, indicating that the market's following sentiment has not yet risen. The main reason is still the crash on the 10th, where 1.7 billion in liquidations made the short-term FOMO bulls more cautious. I still believe that the focus will be on market recovery. If we can smoothly pass through Christmas, the market will likely be led by Bitcoin to drive the overall market after the holiday.
The first significant pullback in this bull market, the duration of the adjustment is still unknown. I believe it may evolve into a halftime break, meaning a sideways adjustment lasting 1-3 months. Of course, this judgment may also be inaccurate, as the strong sectors have not yet reached the selling phase, such as the DeFi sector and strong mainstream assets like CRV and BLUR, which again made it to the gainers' list today. It is clear that the main capital is still driving the market. However, the market sentiment has not been stimulated.
Additionally, it is worth noting that the recent AI concept has begun to develop towards commercial applications, which is different from AI memes that are just cultural symbols or community consensus. The application of AI can generate real commercial value. Currently, this sector is still in the initial construction phase, but there can be many projects around AI. The application layer is one thing, and there are many projects related to data and AI infrastructure. More importantly, this can directly integrate with internet AI projects. Therefore, if developed well, it may represent another territory for the commercial application of blockchain technology.
As for the market, it would be wise to reduce positions at the 100,000 level and then observe the situation for further trading. The specific amount varies from person to person, but the core idea is to reduce positions. Even if Bitcoin's price breaks through 100,000 again significantly after a smooth Christmas, some may think I am being too conservative. However, the mindset of reducing positions during a bull market is important; one must always believe that there is no eternal bull market. Not taking profits in a bull market will result in holding high-priced chips. Selling may also be a form of wisdom.
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Prediction of the potential of 100x currency in 2025
Currency Estimated price ARB $20.08 SUI 30.92 APT 14.84 ZK 13.99 OP 19.65 TRX 9.69 Puppies Musk-themed puppies, a strong concept coin on the Ethereum chain 1. ARB: A technology-driven future
Estimated price: $20.08 With its innovative technical architecture and ecosystem construction, ARB may significantly improve its market performance and attract the attention of more investors in the future.
2. SUI: Ecosystem Prosperity
Estimated price: $30.92
With its strong technical background and community support, SUI is expected to become a leader in the field of decentralized finance and drive continued price growth.
3. APT: Revolution in user experience
Estimated price: $14.84
APT has strong advantages in optimizing user experience and network scalability. It has great potential for future development and may find wider market applications.
4. ZK: The rise of privacy protection
Estimated price: $13.99
ZK uses zero-knowledge proof technology to provide solutions that coexist with privacy protection and transparency, which will become increasingly important in the future market.
5. OP: The rise of Layer 2
Estimated price: $19.65
As a Layer 2 solution on Ethereum, OP aims to solve the problem of network congestion, and its broad application prospects will drive its value growth.
6. TRK: Unlimited potential
Estimated price: $9.69
TRK has a unique business model and strong team support, and is expected to achieve breakthrough progress in the highly competitive market.
7. Puppies: Musk’s vision
future potential
As a Dogecoin concept supported by Musk, Puppies has attracted a lot of attention with its unique cultural background and strong community, and its prospects are worth looking forward to.
As expected, the market price fell from 100,000, but then it continued to recover. It can only be said that the probability of this position continuing to fluctuate repeatedly is still very high. It is worth mentioning that when Bitcoin returns to 100,000, the price of the cottage is still basically 80%-90% off the high point. A few strong coins are trying new highs, but from the perspective of funds, the main force of the cottage seems hesitant. For us, the next is a period of market that can be operated in waves.
In fact, there are various good news about BTC now, including BlackRock's BTC spot ETF, which exceeds the scale of gold, which is definitely a milestone for Bitcoin. But for the market, it may not be the case. When good news is flooded, it also means that funds are fully priced in. Once the pace of funds entering the market slows down, the price will also adjust. Therefore, in the general direction, when various big names predict the price of BTC to 1 million US dollars, it is worth our vigilance.
In the short term, it is mainly the impact of Christmas. Due to the consensus of the market, this major Western holiday has always caused capital outflows, and reflexivity will at least cause the market to fall into a relatively stagnant state. Including looking at the operations of some project parties, the announcement of major events is also put in January. In any case, we can follow the defense. Even if there is no decline around Christmas, the probability of a big rise is relatively small.
In terms of sectors, DeFi is still relatively strong, including ETH, which quickly came to around 3900, which means that the funds of the Ethereum system have not withdrawn. If the expected Christmas market does appear next, leading to a slight decline, especially if there are three bottoming outs at the daily level (BTC 90,000, ETH 3500), it is still a good time for us to enter the market again.
MAGIC has been dragging on for a long time, and hasn't recouped its costs yet.
币姥爷
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December 11, 2024 "The Structural Bull Market Still Exists"
From 3 AM to the morning, the market basically completed a second bottoming process, where BTC fell below 95,000 and ETH approached 3,500, neither reached a new low, but they are not far from the lowest point, which is a relatively standard second bottom. Since a second bottom has been formed, the upcoming market trend shouldn't be too bad, and it is expected to show a fluctuating upward trend. However, due to a large amount of forced liquidations, the recovery time may be longer.
Actually, what I am most concerned about next is the impact of the dual festivals. In the past, when encountering such major holidays, the impact of capital outflow has been significant, and the US stock market seems to have a feel of daily-level adjustments. Therefore, for the upcoming market, I think we need to consider both the fluctuations and the range of low and high points. It is expected to fluctuate for a few days. The chips collected from the second retest yesterday, I will assess the situation to decide whether to sell them off; specifically, we can observe any changes as Christmas approaches.
A pullback or a sharp drop in a bull market can be a good entry point, especially for major coins like Bitcoin, which has not shown structural damage, and the technical bull market still exists, so we don't need to worry too much. As for the significant drop in altcoins, that is also normal; after all, the more they rise, the harsher the fall. So a few days ago, I mentioned that I really don't believe I can make money on altcoins unless you followed me in accumulating them along with mainstream coins at the lows. The risk of chasing altcoins during a bull market is quite high.
In the short term, Bitcoin shows slight pressure around the 98,000 mark. In fact, we can see that it is not far from the 100,000 threshold, which should give us more confidence. I personally plan to do some bottom fishing and fluctuations in this range, then assess the situation to continue adding some long-term positions or converting profits into long-term positions. Of course, in the next few days, it is always possible to break through 100,000. Overall, I want to say that the bull market is still here, but it is likely to undergo some adjustments.
Is it still necessary to take Grandpa MAGIC? It hasn't recouped the investment, is it valuable?
币姥爷
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December 9, 2024
The price of Bitcoin fluctuates around 100,000 USD, which means that the market has a big disagreement on this large integer point. Since it has broken through 100,000 but has not been taken down, we should at least remain vigilant. After all, the previous 75,000 was not taken down at once, and it took several rounds of repeated market conditions to break through. In addition, the current market has generally risen for a round. In the past few days, I have repeatedly asked everyone to sell some coins with exaggerated gains in my articles.
If you keep reading my articles, the overall rhythm should be relatively clear, that is, continue to do swing trading before 75,000, and keep a hand of funds to prepare for the plunge. Of course, this also caused me not to have a full position. After breaking through 75,000, I asked everyone to hold the coins, especially DeFi and Ethereum. Since this part was built at a low point, the overall increase has more than doubled, and some like CRV and Uni have increased several times. I have mentioned these several times in the comment area.
The third stage is the recent period, because the bull market really cannot predict where the high point will go, and I can only suggest to sell the flying ones in batches to stop profit, and try to sell your chips at a relatively high level. Of course, if you want to say whether the bull market is over, it is not yet, but it is possible to have a big correction and then set sail again. As for the cottage season, it has actually started, but in every round of bull market, there will be many cottages that do not pull the market, and you can only accept it if you choose such cottages.
I haven’t talked about positions for a long time. Before this round started, I was about 60%, and now it has reached 30%. There are indeed many sold at a loss, but with arbitrage income, the overall rate of return is already quite satisfactory. If it continues to rise next, the big cake reaches about 150,000, I will choose to leave only 0.5-10% of the position, or wait until the collective emotions of the cottage explode, and then continue to reduce the position and sell.
Thank you for your attention and likes. If you need to be reminded in the first time, you can click to join 币安专属聊天群.