Today, Saturday, I will summarize the market situation and predict the later trend.
If nothing else goes wrong, the pie will have eight consecutive positive weeks. According to the past trend, this is also the first time it has eight positives. From the time it bottomed at 15,000 last year to now, it can be seen that the pie has been rising steadily. The current high wave Reaching the 44000 position, the market has a callback demand, but there is currently no callback reaction. The high pressure for upward push is also at the 48000 line, the high point of last year, which is also the important dividing line position of 0.168 since the decline from 69000.
If there is a correction in the next month, it is healthier to focus on the 35000-36000 line.
Generally speaking, the upper space is smaller than the lower space in the near future.
On the daily line, there was only a short correction. Looking back at the trend in October, it was a continuous rise with only a short correction. If it continues to rise for two months, blind short selling will only become a stepping stone on the road to the growth of the big pie.
Several big V traders in the currency circle also expressed some opinions on the current situation. They believe that it has entered the early stage of the bull market. Maybe this wave will rise, but there will eventually be a relatively large correction. Opportunities are reserved for those who are prepared. Every wait, position opening, and layout comes from the prediction of the market, not blindness.
Next year's Bitcoin halving and the adoption of spot ETFs may drive investor sentiment to rise first.
For short-term contracts, I personally will give priority to callbacks and long positions, and test short positions at several pressure levels. If it can fluctuate at a high level for a period of time, it will be even better for the contract.