Zoom in on the latest BTC price action, hover the cursor over the price line to determine which price range it is in.
2. Annotate the Price Range Colors
1. Deep Blue ("Basically a Fire Sale") Severely Undervalued; 2. Cyan ("Buy Now!") Clearly Undervalued; 3. Green ("Add to Position") Undervalued; 4. Light Green ("Still Very Cheap") Slightly Undervalued; 5. Yellow ("Hold Long-Term!") Fairly Valued; 6. Orange ("Is This a Bubble?") Seems Slightly Overvalued; 7. Light Red ("FOMO Intensifies") Possibly Overvalued; 8. Red ("Sell Quickly!") Severely Overvalued; 9. Dark Red ("Maximum Bubble Zone") Extremely Overvalued. The top colors indicate overbought, while the bottom indicates oversold.
3. Advantages of the Bitcoin Rainbow Chart
1. Intuitive presentation of historical price trends and market sentiment. 2. Helps in understanding Bitcoin's long-term price behavior. 3. The color bands provide guidance for buying, selling, or holding.
Conclusion: The Bitcoin Rainbow Chart visualizes price action and market sentiment, allowing investors to identify opportunities, but it is essential to combine it with other indicators to reduce risk and enhance success rate. ⚠️ For the official Bitcoin Rainbow Chart website, please contact me (see my profile) #圣诞行情预测
The year-end is approaching Many companies are preparing for year-end meetings But only those in the crypto circle know That the market is at its peak during the New Year period #市场调整後的机会? #比特币市场波动观察
If you are worried that the bull market is about to end, let me tell you with data:
In December 2020, BTC fell 12%, while it had previously risen 77% from October to November. Then, in the following 23 days, its price rose from $17,000 to $41,950 (an increase of 149%).
A similar situation is happening now, as Bitcoin has dropped 13% after a significant rise in the fourth quarter. This does not mean that the current level is the market bottom; we may still see a 10-15% adjustment.
However, Bitcoin and the cryptocurrency market still have plenty of momentum.
I am Shaohua, follow me to gain more in this bull market.
The big coin experienced sharp fluctuations this weekend, causing those who have just been traumatized to frown, fearing that the big coin will test the bottom again. From the trend, there is no sign of a pullback; the support level is at 94,000, while the resistance level is around 99,800. The overall trend remains volatile.
Ethereum has some support around 3,330 and shows signs of turning upwards. However, the main force won't be that kind-hearted to let it go straight up. It's normal for the market to experience sharp fluctuations during the recovery process. The bull market has not ended; one must hold onto their chips tightly.
With Christmas approaching and the historical trend of poor Christmas market performance, people are being cautious. The recent sharp drop could be an early escape of risk-averse funds ahead of Christmas, leading to a decline.
Although the secondary market is sluggish, the primary on-chain funds remain relatively active. Wishing everyone a pleasant weekend, while also maintaining a good mindset to welcome a brand new week.
Exciting News for Traders: 2 Million $BTORO Allocated for Epoch 6 Rewards! 🚀
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According to Glassnode, this Bitcoin cycle is the least volatile on record. With the continuous increase in institutional adoption and demand driven by spot ETFs, the stability of BTC has reached new heights. Therefore, the operational advice is: if it suddenly drops a lot, remember to buy the dip rather than thinking it will continue to drop deeply. Now, when it slightly drops, institutions start buying and buying. A drop like the one during the last bull market on May 19 is hard to see again; Bitcoin is now very stable.
The market is entering a rebound, remember that a rebound does not mean a reversal! So be cautious when entering the market; if you have made a profit, don't be too attached to it, or else the hard-earned gains may slip away. If you move slowly, you might get trapped and feel downcast! From the current perspective, the market is showing ups and downs, and the tug-of-war between bulls and bears is intense, but it is merely retail behavior. Since it's retail behavior, it won't create much of a storm! If you want a reversal, you still have to look for significant capital from the big players entering the market and releasing volume; otherwise, once the bullish momentum weakens, there will be another wave of sell-off that could hit you hard. So always keep a clear head and don't mistake a rebound for a reversal!
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I’m Wendy 🇻🇳 – a passionate and dedicated individual in the cryptocurrency space. Currently, I’m a content creator, and KOLs on Binance. My daily work involves delivering in-depth analyses, the latest Onchain updates, and exciting investment opportunities to the community.
I am managing and growing a channel on Binance Square with over 20,000 followers, aiming to create real value and inspire the community.
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During these days of the cryptocurrency market crash,
we retail investors are in a panic, worried about gains and losses! 🛟🛟🛟
Let's take a look at what the big institutions and major players are doing!
1. The President of El Salvador plans to increase daily Bitcoin purchases to 46,169,633,184, with a medium-term goal of accumulating 20,000 Bitcoins. El Salvador just increased its holdings by 11 Bitcoins about 40 minutes ago, worth approximately 1.06 million dollars.
2. Currently, at least 10 companies are either adopting or considering MicroStrategy's Bitcoin strategy.
In fact, every time there is a decline, many people say: the end of cryptocurrency!
I believe the bull market is far from over! 🐂🐂
Look more, analyze more; this market needs more voices, but it also requires better self-awareness! More review and analysis is the key to surviving in this market!
The ones who can help you make money are most likely not some so-called teacher, but yourself! 💪💪💪
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ETHW Most trading masters are desperate to survive A trader who has never been in a desperate situation has never experienced despair is unlikely to become a true master We should not be afraid of failure! Let alone difficulties and do not be afraid of others denying you those who defeat you will eventually make you stronger What is the ultimate simplicity in trading? Extreme simplicity, only choose the most beautiful and strongest at the moment Focus, draw a circle within your own ability, pure, If you meet the conditions, objectively follow the train Self-control, only take risks within the tolerable and controllable range Foolishly wait, stupidly watch Foolishly model stupidly do #圣诞行情预测 $PENGU