The direction is clear, no simulation or ambiguous analysis is done, for reference only
News: Today's Fear and Greed Index is 74. 1. Justin Sun said; The bull market is coming, we have to do a big job, there is nothing wrong with this. 2. The first round of casting of the Injective chain inscription project INJS has begun. It will be cast in multiple rounds, each round lasting 1,500 blocks. It is known as the strongest inscription. Have you played it? 3. ARK Invest continued to reduce its holdings of 80,118 shares of Coinbase yesterday, worth about 12.97 million US dollars, which is bearish. 4. Solana's market value surpassed BNB for the first time, ranking fourth in the cryptocurrency market, and it is the only public chain that may compete with the Ethereum chain. 5. Matrixport; Bitcoin is expected to soar to $50,000 in January. What do you think is the probability? 6. Argentine Foreign Minister; Contracts can be settled in Bitcoin and cryptocurrencies, which is good.
Technical aspect: Bitcoin is still in a volatile market, and it continues to sell high and buy low within the box. The 4-hour level is in the ant rising channel, but it has hit 42,000 several times and then quickly dropped. A careful observation shows that the bottom is rising, and a change is imminent. Double tops at the daily level must be prevented. As long as Bitcoin maintains a volatile range of 40,000-44,700, there will be time for a rebound. Let the bullet fly for a while. Judging from the on-chain data, the possibility of a short-term sharp drop is still small, and the risk may be in January and February. In any case, don't guess the market, take one step at a time is what Feilong should do. Follow Feilong, and you will be given real-time analysis of market trends and early warning prompts every day. #BTC #币圈 #大饼行情分析
