The Nasdaq fell for the fourth straight session. The decline in technology stocks offset gains in other S&P 500 stocks, with Nvidia down 2%, Apple down 1%, and Meta Platforms down 1.2%.
This is a critical week for the direction of the US stock market. Now, when the clouds of reflation are still looming, the PPI report will be released on Tuesday, the CPI report will be released on Wednesday, and the import and export price report will be released on Thursday.
If inflation is not severe enough to trigger a recession, the bull market will not end easily. There is no doubt that the US stock market is in a valuation bubble. The S&P's forward price-to-earnings ratio is over 22 times. There have only been two previous valuation multiples so high: the Internet bubble in 1998/99 and the post-COVID bubble in 2020/21. Both bubbles eventually burst, but they did not burst until the economy stagnated. During both bubbles, the economy grew by 5%, and the US stock market was constantly at risk, but the bubble did not burst until the economy turned negative and corporate earnings growth disappeared.
This time, AI is hot, corporate earnings growth is solid, and economic growth is strong. Now is not the time for the bubble to burst. Any pullback in the market caused by concerns about re-inflation is likely to be only a short-term pullback, and will eventually prove to be a buying opportunity.
BTC fell yesterday, which can be regarded as a data squeeze bubble and a large cleanup of long leverage. It should also be the last large pin before the rise. The market will be dominated by oscillating upwards in the future. The downward trend has ended, and the upward trend has just begun. From the perspective of form, it should be oscillating upwards. For altcoins, you must dare to get on the train if there is a small pullback. If you don’t get on the train this time, then the surge in February will have nothing to do with you. However, it is recommended that large funds focus on mainstream altcoins. ETH, SOL, DOGE, UNI, LINK, ENS, BCH, TRX, LTC, ENA, SUI, AAVE are all the first choice for everyone. As for meme, you can choose PEPE and SHIB, and be cautious in choosing others. Recently, I have been bottom-fishing and holding coins for the rise, ignoring the fluctuations in the process. In mid-February, I will consider shipping. To get rich, you must dare to go all in. $BTC #市场反弹预测
The Nasdaq fell for the fourth straight session. The decline in technology stocks offset gains in other S&P 500 stocks, with Nvidia down 2%, Apple down 1%, and Meta Platforms down 1.2%.
This is a critical week for the direction of the US stock market. Now, when the clouds of reflation are still looming, the PPI report will be released on Tuesday, the CPI report will be released on Wednesday, and the import and export price report will be released on Thursday.
If inflation is not severe enough to trigger a recession, the bull market will not end easily. There is no doubt that the US stock market is in a valuation bubble. The S&P's forward price-to-earnings ratio is over 22 times. There have only been two previous valuation multiples so high: the Internet bubble in 1998/99 and the post-COVID bubble in 2020/21. Both bubbles eventually burst, but they did not burst until the economy stagnated. During both bubbles, the economy grew by 5%, and the US stock market was constantly at risk, but the bubble did not burst until the economy turned negative and corporate earnings growth disappeared.
This time, AI is hot, corporate earnings growth is solid, and economic growth is strong. Now is not the time for the bubble to burst. Any pullback in the market caused by concerns about re-inflation is likely to be only a short-term pullback, and will eventually prove to be a buying opportunity.
BTC fell yesterday, which can be regarded as a data squeeze bubble and a large cleanup of long leverage. It should also be the last large pin before the rise. The market will be dominated by oscillating upwards in the future. The downward trend has ended, and the upward trend has just begun. From the perspective of form, it should be oscillating upwards. For altcoins, you must dare to get on the train if there is a small pullback. If you don’t get on the train this time, then the surge in February will have nothing to do with you. However, it is recommended that large funds focus on mainstream altcoins. ETH, SOL, DOGE, UNI, LINK, ENS, BCH, TRX, LTC, ENA, SUI, AAVE are all the first choice for everyone. As for meme, you can choose PEPE and SHIB, and be cautious in choosing others. Recently, I have been bottom-fishing and holding coins for the rise, ignoring the fluctuations in the process. In mid-February, I will consider shipping. To get rich, you must dare to go all in. $BTC #市场反弹预测
The Nasdaq fell for the fourth straight session. The decline in technology stocks offset gains in other S&P 500 stocks, with Nvidia down 2%, Apple down 1%, and Meta Platforms down 1.2%.
This is a critical week for the direction of the US stock market. Now, when the clouds of reflation are still looming, the PPI report will be released on Tuesday, the CPI report will be released on Wednesday, and the import and export price report will be released on Thursday.
If inflation is not severe enough to trigger a recession, the bull market will not end easily. There is no doubt that the US stock market is in a valuation bubble. The S&P's forward price-to-earnings ratio is over 22 times. There have only been two previous valuation multiples so high: the Internet bubble in 1998/99 and the post-COVID bubble in 2020/21. Both bubbles eventually burst, but they did not burst until the economy stagnated. During both bubbles, the economy grew by 5%, and the US stock market was constantly at risk, but the bubble did not burst until the economy turned negative and corporate earnings growth disappeared.
This time, AI is hot, corporate earnings growth is solid, and economic growth is strong. Now is not the time for the bubble to burst. Any pullback in the market caused by concerns about re-inflation is likely to be only a short-term pullback, and will eventually prove to be a buying opportunity.
BTC fell yesterday, which can be regarded as a data squeeze bubble and a large cleanup of long leverage. It should also be the last large pin before the rise. The market will be dominated by oscillating upwards in the future. The downward trend has ended, and the upward trend has just begun. From the perspective of form, it should be oscillating upwards. For altcoins, you must dare to get on the train if there is a small pullback. If you don’t get on the train this time, then the surge in February will have nothing to do with you. However, it is recommended that large funds focus on mainstream altcoins. ETH, SOL, DOGE, UNI, LINK, ENS, BCH, TRX, LTC, ENA, SUI, AAVE are all the first choice for everyone. As for meme, you can choose PEPE and SHIB, and be cautious in choosing others. Recently, I have been bottom-fishing and holding coins for the rise, ignoring the fluctuations in the process. In mid-February, I will consider shipping. To get rich, you must dare to go all in. $BTC #市场反弹预测
Market Analysis: After a week of continuous rise, Bitcoin has started a significant downward correction, failing to stabilize above 100,000. From the 4-hour perspective, the Bollinger Bands are opening downwards, with the price operating between the middle and lower bands. Currently, the market is in a low-level consolidation, and it is not advisable to blindly chase short positions. If there is a continued pullback breaking below 96,000, it is highly likely to reach around 94,500.
Operational Strategy: A good hunter must be patient, watch more and act less. There is support near 94,700-94,500, with resistance above around 97,300-97,500. It’s advisable to gradually build long positions at important support levels, strictly implementing take profit and stop loss strategies. #BTC Altcoins to pay attention to: sui ena doge uni bnb pepe ens eth sol lpt aave link
Binance's activities, many people still do not know, hurry to participate, win 1bnb$BNB Binance has grown from a fledgling startup to a leading global builder of the blockchain ecosystem. We have demonstrated through our actions the belief that 'the original intention remains unchanged, and the future is promising.' Binance founder Zhao Changpeng (CZ) once said, 'The existence of this industry is because it disrupts traditional financing models, allowing entrepreneurs to build without kneeling down.' It is this spirit of disruption and innovation that continues to guide Binance forward.
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Large technology stocks fell, dragging down the US stock market on Friday, but major indices rose for the week and are expected to achieve strong annual gains. Due to low trading volumes during the holiday season, the market has struggled to find a foothold. Some of the hardest-hit stocks are the so-called 'Seven Giants' of the technology sector that have led the market this year.
Currently, the valuations of major US technology companies are at their highest level since the 2000 internet bubble. The expected price-to-sales ratio of the eight super-cap companies, including Amazon, Apple, Meta, Microsoft, Netflix, NVIDIA, and Tesla, has reached 7.8 times, surpassing levels before the bear market in 2022.
The Bank of Japan released a summary of its December meeting's views, indicating that the possibility of an interest rate hike next month still exists. Friday's overnight swap trends show a 42% probability of a rate hike in January and a 72% probability before the end of March.
Bitcoin is becoming a mainstream investment in 2024, thanks to the explosive issuance of the first cryptocurrency ETFs in the US and Trump's unexpected endorsement of digital assets. To capitalize on this momentum, asset management firms are competing to include smaller, higher-risk tokens in their ETFs.
The Russian government has traditionally opposed Bitcoin, banning its use for domestic payments, but it has recently found that virtual currencies may have benefits in evading US and Western sanctions.
In the past couple of days, Nasdaq traders and operators have been resting. The US has seen a slight pullback, with negative news continuing to emerge. At this moment, with Trump in office, the constant stream of bad news seems to be aimed at tricking retail investors into cutting losses and leaving the market. If you fall for it, then congratulations, you are about to miss out on the gradual warming of the cryptocurrency market in mid to late January and the subsequent one-sided upward trend in February to March. Currently, the Nasdaq's decline or sideways movement is also a way to build momentum for a surge during the early days of Trump's presidency. After taking office, he will release some positive news for technology and the economy, which will directly drive a breakthrough above 20,000 points, showing that his leadership is wise and that the American people's choice is correct, right? At this time, it's a strategy of buying more as prices drop and aggressively buying during a crash. The bull market has not ended, and there should be a new narrative when Trump takes office. The future rise of BTC will exceed the understanding of retail investors. Do you believe it? $BTC #美国加密立法或将重启
Yesterday, while chatting with friends, many expressed to me the possibility of a sharp decline or crash in the US stock market, using Buffett's exceptionally high cash reserves as evidence. Whether it's the Great Depression or the internet bubble of 2000, a crash has two essential conditions: 1. Economic downturn (rising unemployment rate, weak consumption) 2. Credit tightening (interest rate hikes, increased loan thresholds). Currently, both are quite healthy, with technology companies showing stable and rapid growth. 3. The US stock market bull run will continue, and the cryptocurrency market bull run will also continue.
Several factors driving new highs in the second half of the bull market: First, the digital currency industry has spent a lot of money this year to support "right" candidates and has gotten over 100 lawmakers into Congress. Second, successfully reversed Trump's view on digital currencies. Third, persuaded Trump to replace the SEC chairman and the Secretary of Commerce. The newcomers for these two positions are both huge supporters of Bitcoin. Fourth, Trump promised to establish a national digital currency reserve. Currently, BTC is in a corrective and fluctuating market, which is actually a great opportunity for retail investors to re-enter. If they miss this chance to buy the dip again, they might really miss the entire bull market. In mid to late January, the price will gradually rise, and a one-sided market will slowly form. This time, one must be bold enough to enter the market in batches; BTC's price will definitely break new highs again, and we will wait and see.
Tonight's live broadcast, sharing suggestions with fans. 1. The bull market hasn't ended; BTC is making a normal correction to fix indicators and reach balance. It still hasn't dropped to the right level; I hope it slowly falls to around 90500, which would be a better situation, and then consolidate for a while. If it plunges to 85000, that would be too harsh. Many altcoins have already dropped to key bottom positions and currently won't have a reverse V-shaped pullback. This kind of oscillating consolidation pattern will take about 1-2 months before the second wave of one-sided bullish trend begins. 2. For ETH, you can place orders in batches below 3300, around 3000, and 2800 is the pressure from the previous oscillation structure. You can place an order at around 2810; it might really reach that level. 3. Don't easily short because the price is stagnant. You can short at key resistance levels, which is acceptable. Nothing is absolute, especially in the crypto world. If a sudden positive news appears and you are shorting at the corresponding level bottom, that would be a matter of life and death. 4. For ZEN, you can short around 33.43, with a stop loss near 37. The dealer's cost is between 6-8 dollars. If you are looking to trade short-term, you can also place orders at 25. Anyway, quick in and out. 5. For SOL, ideal order levels are 175-160-150; SOL has been relatively weak recently. If there is a rebound, 210 is a strong resistance level, and for those who are stuck at 220, you can only wait for the next wave of market to break even. This period is a bit difficult. 6. A partner who listened to my live broadcast directly jumped into contracts. I said, "I was talking about spot orders; if you get liquidated, don't blame me." Moreover, we are placing orders in batches, not going all-in. 7. DOGE can still have batch orders around 0.28-0.22. Most altcoins will make pullback oscillations. 8. Recently, I don't recommend getting into meme coins; many meme coins won't return to their previous highs in this bull market and are expected to gradually go to zero. They were originally meant to exploit retail investors. Once they make money, the dealers run away. Binance has launched dozens of meme coins; there aren't that many consensuses. Not every coin has Musk backing it. Some might survive a few bull markets. If you must buy, I won't stop you. WIF, 2.1-1.85-1.65 in batches. The altcoin season has not yet arrived; everyone can only place orders in batches and buy slowly. After Trump took office, he will definitely aim to strengthen the U.S. economy. The U.S. dollar continues to strengthen, U.S. stocks will surge again, and the crypto market will also follow suit. This month's correction should be the last opportunity to buy the dip in this bull market. Everyone must dare to get on board. $BTC #市场调整後的机会?
Tonight's live broadcast, sharing suggestions with fans. 1. The bull market hasn't ended; BTC is making a normal correction to fix indicators and reach balance. It still hasn't dropped to the right level; I hope it slowly falls to around 90500, which would be a better situation, and then consolidate for a while. If it plunges to 85000, that would be too harsh. Many altcoins have already dropped to key bottom positions and currently won't have a reverse V-shaped pullback. This kind of oscillating consolidation pattern will take about 1-2 months before the second wave of one-sided bullish trend begins. 2. For ETH, you can place orders in batches below 3300, around 3000, and 2800 is the pressure from the previous oscillation structure. You can place an order at around 2810; it might really reach that level. 3. Don't easily short because the price is stagnant. You can short at key resistance levels, which is acceptable. Nothing is absolute, especially in the crypto world. If a sudden positive news appears and you are shorting at the corresponding level bottom, that would be a matter of life and death. 4. For ZEN, you can short around 33.43, with a stop loss near 37. The dealer's cost is between 6-8 dollars. If you are looking to trade short-term, you can also place orders at 25. Anyway, quick in and out. 5. For SOL, ideal order levels are 175-160-150; SOL has been relatively weak recently. If there is a rebound, 210 is a strong resistance level, and for those who are stuck at 220, you can only wait for the next wave of market to break even. This period is a bit difficult. 6. A partner who listened to my live broadcast directly jumped into contracts. I said, "I was talking about spot orders; if you get liquidated, don't blame me." Moreover, we are placing orders in batches, not going all-in. 7. DOGE can still have batch orders around 0.28-0.22. Most altcoins will make pullback oscillations. 8. Recently, I don't recommend getting into meme coins; many meme coins won't return to their previous highs in this bull market and are expected to gradually go to zero. They were originally meant to exploit retail investors. Once they make money, the dealers run away. Binance has launched dozens of meme coins; there aren't that many consensuses. Not every coin has Musk backing it. Some might survive a few bull markets. If you must buy, I won't stop you. WIF, 2.1-1.85-1.65 in batches. The altcoin season has not yet arrived; everyone can only place orders in batches and buy slowly. After Trump took office, he will definitely aim to strengthen the U.S. economy. The U.S. dollar continues to strengthen, U.S. stocks will surge again, and the crypto market will also follow suit. This month's correction should be the last opportunity to buy the dip in this bull market. Everyone must dare to get on board. $BTC #市场调整後的机会?
Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks: 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.
BlackRock officially recommends that 2% of funds be allocated to Bitcoin. The total global asset amount is now $90 trillion. If a 2% asset allocation becomes consensus, then the valuation of BTC could exceed gold, reaching $18 trillion. This is equivalent to a price of $900,000. The Federal Reserve has clearly indicated that if the Trump administration's policies trigger inflationary pressures, the Fed will slow down the pace of tightening policies and may even raise interest rates in certain cases. This means that the timing and extent of rate cuts depend on the implementation progress of Trump's restrictive policies, but the economic impact of these policies may also be delayed. Therefore, even though the Fed is currently hawkish, it may later turn dovish. Just like in 2018, the Fed had predicted further rate hikes but ultimately chose to cut rates when economic activity slowed down. BTC has dropped below $100,000 and is currently in a volatile correction phase. The media has begun to hype Trump's BTC national reserve plan again. El Salvador loans to buy BTC, and it can be said that the big players do not want BTC to crash immediately or turn bearish. In financial trading, it's a close contest; either you lose or I win. Before the price rises, news comes first. A downturn with favorable news is meant to stabilize the coin price and the fragile hearts of retail investors. It is certain that with Trump in office, BTC should soar, even having the opportunity to break past its previous high. This month is about everyone slowly bottoming out, enduring through these dark, non-volatile garbage times. Remember, only focus on mainstream altcoins, and do not bottom out on junk meme coins, except for Doge, Shib, and Pepe. Put the others aside for now. Don't be afraid; the bull market hasn't left yet. The second half is just beginning.