Today Bitcoin tested the resistance level and showed a pullback. Due to the current low trading volume, it will not break through this quickly in the short term.
Coming down to test support and trend lines presents a great opportunity. Bitcoin remains optimistic for next year, with a chance to challenge the price levels of 110,000 or even 120,000. With the entry of institutions and more retail investors' hot money, the outlook for cryptocurrencies in 2025 is optimistic.
Looking forward to seeing the applications of the Bitcoin ecosystem and more projects.
Some people may ask where the rebound will go? Where did the decline occur and the reversal occur? This all depends on the current volume and energy. As for the big corrections and rapid declines in the past few days, taking Bitcoin as an example, most of them will fall back by 8 to 15%. Because now there is the support of ETFs, it is not like a few years ago. There are frequent drops of 30 to 40%.
For example, the trading volume yesterday was not too large, and the increase was almost 7 to 8%, which happened to be blocked by the resistance level. The first test will fall back, but if there are multiple upward tests and a large trading volume is released, it will There is a chance to break through to the next range.
A significant drop will lead to a rebound; conversely, a substantial rise will also result in a pullback. This is a common phenomenon in financial markets.
In yesterday's rebound, the first thing to pay attention to is the resistance level above, as touching it may lead to a temporary retreat. This is because positions held by long traders and spot swing traders need to take profit, while short sellers will also enter positions in the prevailing trend.
Overall trend, the bull market primarily focuses on upward testing, and remember to gradually increase positions during pullbacks.
After many altcoins consolidate, a larger market direction is about to emerge, and attention can be paid to the trend of Bitcoin before making a decision.
Generally speaking, entering during a bull market pullback is a good strategy, but it is also necessary to pay attention to whether it is in a downward trend phase, that is, creating lower lows.
The altcoin market next year should still be optimistic. Compared to the amount of funds during previous interest rate hikes, with the decline in interest rates, more investors will put their funds into risk assets.
As Christmas enters, the crypto market volatility gradually decreases and volume begins to shrink. At this time, you can wait patiently for the market to find its direction.
In the early stage of consolidation, you can grasp the upper and lower boundaries to operate, but in the later stage of consolidation, when the direction is about to appear, you must wait patiently, because large fluctuations may occur soon.
If there is no clear signal on the market and the direction is uncertain, it is better to adopt a wait-and-see strategy.
Following the previous concept, many people are asking how to interpret a breakout or breakdown?
First, you need to assess the current trading volume. If there is a sudden surge or drop in a short period, meaning that there is a significant trading volume, it may break through support or resistance towards the next range. Therefore, it is still necessary to evaluate the strength of the bulls and bears at that moment.
In other words, observe for a longer period before deciding whether to place an order.
In the trading market, effectively utilizing volatility can earn a profit margin, and the price can be likened to a spring, which gets compressed when it reaches support and resistance levels, preparing to bounce in the next direction.
For example, during a significant decline, the lower it goes, the stronger the buying interest becomes, and the number of short position liquidations will gradually increase (as they seek to take profits), creating a strong rebound in the market. Conversely, during an upward movement, the same concept can be applied to explain.
Bitcoin has rebounded 7.85% from the bottom the day before yesterday, which is actually quite a significant increase. Today, it tested the upper phase resistance and had a brief pullback.
If it does not make a lower low again, there is hope to start the next round of upward movement.
You can closely observe the support and trend lines below, and can enter after it stabilizes and retraces.
For the bullish upward trend, every pullback provides a good entry opportunity.
In a bull market, pullbacks are very valuable opportunities because the amount of capital is relatively more than in a bear market. Sometimes, many price levels may never return, like the previous 40,000 to 50,000 price level of $BTC . Without a significant black swan event, it will be difficult to see them again in the short term or even in the future.
In trading, there is still a principle: add to positions in batches during large declines and reduce positions in batches during large increases. It is advisable to keep some capital on hand for flexible use.
After experiencing a correction of close to 11~12%, Bitcoin has now reached a relatively critical position. There are two trend lines and support below, which can be found through the pinpoint line.
You can closely observe the retracement situation. The market is currently relatively panicked and there is still a large selling pressure. Until the short sellers weaken, there is a chance to start a larger rebound.
On the other hand, if it falls below, the overall cryptocurrency will fall back even more.
Bitcoin is testing the resistance band of the upper trend line. After rising and falling back, you can then pay attention to the support below and seize the rebound opportunity.
This decline is mainly due to market panic about interest rate cuts next year. However, compared with interest rate increases, as long as interest rate cuts will continue to bring hot money, there is no need to panic excessively, and we must seize every opportunity for a correction, whether it is a rebound or a continued rise. It's an opportunity to make a profit.
6. You should position yourself in projects with potential that have yet to explode, as projects that are already thriving may have already risen significantly and are nearing the end of their frenzy. Conversely, potential sectors still have substantial growth space. 7. Recently, the market has had strong narratives around AI and memes, or cryptocurrencies that combine characteristics of both, have shown good performance. 8. After conducting research and being optimistic about a certain sector, you can position yourself and lay low in less-known areas in advance, with the opportunity for an explosion and the chance to double your investment. 9. You can use AI for market analysis, capturing market trends and hotspots to assist in trading. 10. Utilizing user data from the blockchain to train AI and achieve better integration and division of labor is also one of the visible trends for the future.
新手学堂天使自治社区
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Bullish
AI Agent Revelation • What new qualitative applications can AI bring to Web3? 【Binance Square | Beginner's Classroom · Face-to-Face with Experts EP28】
🪂 Inviting 'Industry Experts' to guest in the voice live room, sharing and analyzing the latest industry trends; tune in on time, don't miss exploring any new possibilities.
Time: December 17, 2024, 20:00 (HKT) Location: @币安广场 Host: Chris He Benefits: 200U speaking reward + 300U lottery post
This episode's expert: @nihaovand · Founder AsianOnChain
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1. AI is a trend for the future and can help people do many things. There are many applications possible, and it has great potential in this bull market. 2. Fields such as computing power and datasets have significant development potential in the future, for example, decentralized ledger computing power on WEB 3 can have many innovative ideas and applications. 3. The demand for data will continue to increase in the future, which is closely related to the blockchain cryptocurrency field, such as data on-chain and transparency. 4. Currently, AI is a very new industry, and there are no obvious technological barriers between different industries. By uploading AI models to platforms for training and sharing, many applications and new products can be created, such as cryptocurrency trading applications. 5. The computing power market is also one of the possible trends for the future, with WEB 2 companies also getting involved in the cryptocurrency market, contributing to token economics and computing power.
新手学堂天使自治社区
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Bullish
AI Agent Revelation • What new qualitative applications can AI bring to Web3? 【Binance Square | Beginner's Classroom · Face-to-Face with Experts EP28】
🪂 Inviting 'Industry Experts' to guest in the voice live room, sharing and analyzing the latest industry trends; tune in on time, don't miss exploring any new possibilities.
Time: December 17, 2024, 20:00 (HKT) Location: @币安广场 Host: Chris He Benefits: 200U speaking reward + 300U lottery post
This episode's expert: @nihaovand · Founder AsianOnChain
🧧 How to enter the lottery: Follow + quote this post to comment on your learning summary or experience regarding this episode's theme, the best 10 will receive 30U; the backend will export data on Monday and randomly draw.
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1. AI is the trend of the future; it can help people do many things, and there are many applications that can be developed on it, with great potential in this round of the bull market.
2. The fields of computing power, datasets, and others will have significant development in the future, for example, the decentralized ledger computing power on WEB 3 can have many innovative ideas and applications.
3. The demand for data will continue to increase in the future, which aligns well with the blockchain cryptocurrency field, such as data on-chain and transparency.
4. Currently, AI is a very new industry, and there are no obvious technological barriers between industries. By uploading AI models to platforms for training and sharing, many applications and new products can be created, such as cryptocurrency trading applications, etc.
5. The computing power market is also one of the potential trends for the future. WEB 2 companies will also get involved in the cryptocurrency market, contributing to token economics and computing power.
6. It is important to layout from projects with potential that have not yet exploded, as already booming projects may have risen significantly and are about to enter the end of the frenzy. Conversely, potential fields still have ample room for growth.
7. Recently, the market has strong narratives around AI and memes, and coins that combine the characteristics of both have performed well.
8. After doing research and being optimistic about a certain field, one can lay out and ambush in areas that fewer people know about, with opportunities for explosive growth and the chance to double returns.
9. Market analysis can be conducted through AI to capture market trends and hotspots, helping with trading.
10. Using user data on the blockchain for AI training to achieve better integration and division of labor is also one of the visible trends for the future.
新手学堂天使自治社区
--
Bullish
AI Agent Revelation • What new qualitative applications can AI bring to Web3? 【Binance Square | Beginner's Classroom · Face-to-Face with Experts EP28】
🪂 Inviting 'Industry Experts' to guest in the voice live room, sharing and analyzing the latest industry trends; tune in on time, don't miss exploring any new possibilities.
Time: December 17, 2024, 20:00 (HKT) Location: @币安广场 Host: Chris He Benefits: 200U speaking reward + 300U lottery post
This episode's expert: @nihaovand · Founder AsianOnChain
🧧 How to enter the lottery: Follow + quote this post to comment on your learning summary or experience regarding this episode's theme, the best 10 will receive 30U; the backend will export data on Monday and randomly draw.
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In this bull market, BNB has once again hit a new high, and it has also gained many new empowerments. In addition to LAUNCHPOOL and LAUNCHPAD, it can also participate in many activities such as MEGADROP. In addition to being useful for centralized exchanges, it can also be used for staking on the chain such as the LISTA project. , quite easy to use.
In addition, riding on the bull market, you don’t have to worry about the rapid decline of currency prices in the upward trend. In addition to earning the increase in currency prices, you also have a lot of extra passive income in new coins, which is quite good!
In recent years, the number of cryptocurrency users has rapidly grown, with more and more people owning and using cryptocurrencies. In the days to come, there will be an increasing number of users joining, just like the explosion of the internet generation back in the day.
Cryptographic payments, various DEFI yields, blockchain games, music, and artworks are appearing in various forms in the world of WEB 3. As technology matures, blockchain will change people's lifestyles.
1.$BTC has just broken through a new high again. For the next target price, you can pay attention to the trend line above for a chance to test it. The price is around 109,000.
2. As the U.S. government may regard Bitcoin as a strategic reserve asset, Bitcoin’s prospects are promising, which is expected to allow other countries to follow suit and drive the overall cryptocurrency industry.
3. The rising potential of Bitcoin can be compared with the current market value of gold. There is still a lot of room for growth, and it is estimated that there will be several times the growth potential in a few years.
4. In the future, there will be more breakthroughs in blockchain technology, and we can also look forward to the integration of the Bitcoin ecosystem and other cryptocurrencies with the real world.
5. In the upward trend stage of the bull market, seizing every callback opportunity is the best time to enter the market.
$BTC fell slightly after hitting resistance yesterday, which is normal, because there will be traders placing orders on the resistance and trend lines, which may be to sell or go short. If the volume is not large, there is a high probability of a fall. , is a short-term phase.
Overall, the bull market trend is still dominated by shocks and upwards. After testing resistance levels and increasing volume many times, there is a chance to reach higher prices.
Bitcoin has rebounded after experiencing a pullback, hitting support and the trend line. There is a chance to continue rising and test the previous high resistance level. If multiple tests occur along with an increase in volume, it may break through.
Overall, it is currently showing a fluctuating upward trend. The upward momentum continues, and each pullback opportunity should be seized. In addition to capturing rebounds, it may also be possible to benefit from the next wave of significant increases.
In this round of the bull market, it can be observed that many projects have started issuing token airdrops, allowing those who laid out strategies during the bear market to reap substantial rewards.
In the future, there should also be many new project airdrops that can be seized, such as interacting on the mainnet and testnet, observing project popularity through Twitter and various KOLs. If there is time, consider whether to decide to invest time.
Generally, under the premise of sufficient funds in a bull market, new projects with potential tend to have good price increases, and public chains and DeFi projects with practical applications can also be worth spending some time researching and laying out, as there is a chance to obtain unexpected income.