The large pancake has stabilized above the 110,000 mark, showing slight bearish divergence on the daily chart but no signs of decline, with a healthy weekly outlook. A golden cross on the long-term weekly chart suggests a new round of market activity may begin. The 1-hour, 4-hour, and daily levels have entered the overbought zone, with expectations of consolidation during the day; support levels are 109,000 - 110,000, and resistance levels are 112,000 - 113,000.
The second pancake is showing a healthy upward trend in sync, with a low divergence on the 4-hour chart, indicating potential for further gains; buying in batches is advisable. Overbought conditions persist on the 1-hour, 4-hour, and daily levels, and there may be continued upward movement during the day; support levels are 2,550 - 2,600, and resistance levels are 2,750 - 2,800.
Altcoins are rising alongside mainstream coins, but market sentiment remains low. With mainstream coins stabilizing, it’s a good time to follow up on meme coins and ETH-related tokens. Binance has many activities, and Alpha points can be earned. The SOL chain’s activity is increasing, so keep an eye on its MEME coin.
After many years in the crypto world, let me share my experience with everyone. If you have little capital, definitely don’t be greedy. If your principal is only around 100,000, it’s enough to catch a clear rise or fall each day. I’ve seen many people staring at the market all day, but in the end, they didn’t make any money and ended up exhausted. We aren’t made of iron; we need to rest when necessary. When encountering significant good news, don’t act impulsively. If you don’t sell on the day of the news, be sure to liquidate the next day if the market opens high. In this market, good news could be the beginning of a decline, so don’t wait until the market reverses to regret not selling early. Before holidays or policy adjustments, it’s wise to reduce your position in advance. If you’re unsure, it’s not shameful to stay in cash and observe; wait for the situation to calm down before jumping back in to pick up bargains. When engaging in medium to long-term investments, never bet all your money. You need to keep some funds available to average down; I’ve seen people go all-in, and when the market fluctuates, they face liquidation, which is a terrible scene. In short-term trading, being quick and decisive is essential. If the market is good and you can make money, seize the opportunity quickly. If the market starts to stall and shows no movement, decisively pull back. Don’t always think about buying at the lowest and selling at the highest; we don’t have that ability. The crypto market is like a spring; it rises slowly and drops slowly as well. If it suddenly surges, there’s a high probability it will soon experience a waterfall decline. I learned this rule the hard way, spending hundreds of thousands as tuition. If you realize you’ve judged the direction wrongly, don’t stubbornly hold on; decisively cut losses. As long as the principal is intact, opportunities are always there; this market is never short of opportunities. For short-term trading, don’t look at daily or weekly charts; the 15-minute K-line combined with the KDJ indicator is the most useful. Finding the right moments for golden and dead crosses is far better than random trading. Finally, mindset is key. Skills can be learned, experience can be accumulated, but part of the mindset is inherent. Many technical experts get flustered at market fluctuations, and in the end, those with a better mindset earn more. In the crypto world, those who can remain calm and sleep well are the true winners!
The Bitcoin market is changing rapidly; where is it heading?
Recently, the Bitcoin market has been like a roller coaster, causing investors' hearts to race. Earlier this week, Bitcoin reached an all-time high of $108,000, but then the market changed drastically, and Bitcoin began a significant adjustment journey. According to data from Coinmetrics, the trading price of Bitcoin during the European session on Friday was around $92,400, down about 9% from 24 hours ago, and over 5% for the day, retreating nearly 15% from its historical high. In this wave of decline, over 300,000 people worldwide are facing liquidation, highlighting the high volatility of the cryptocurrency market.
The Federal Reserve's Grand Gift: Surprising or Expected?
When the Federal Reserve started its first rate cut this year, I mentioned that the steps of the Federal Reserve's rate cut seem to be proceeding in an orderly manner. They have cut a total of 100 basis points in three steps, from 5.25%-5.5% to 4.25%-4.5%. I previously stated that the median would be between 3%-4%. When it reaches that level, they will choose to neither raise nor lower rates, observing global market performance to decide on the next steps—this way, the Americans truly hold the upper hand, with all countries around the world having to look to them. Another 25 basis points were cut in the early morning, and it seems we are not far from the target. Nevertheless, there is still room for interest rates to continue declining because they are already close to it; the Americans have no reason to keep themselves at a high level. But why is the market in despair? Because after announcing a 25 basis point rate cut in the early morning, the median of the dot plot rose to 3.9%. What does the dot plot mean? It is a prediction made anonymously by some Federal Reserve officials; each point represents one person's prediction. Their median forecast indicates that by the end of 2025, the interest rate will be around 3.9%. This means that, based on the current interest rate level, there may be at most two more cuts of 25 basis points. So the market is not upset about the rate cut in the early morning but is panicking over future expectations—thinking there will be no food to eat next year, they started worrying in advance.
Trump has just confirmed: A national Bitcoin reserve will be established On December 12, Trump stated in a recent interview with foreign media that he hopes to establish a strategic reserve of Bitcoin. He also mentioned that we will do great things in the field of cryptocurrency. $BTC $ETH $XRP
Now that this wave of advance has not broken through 100,000 in one breath, everyone still holds on to the thought that Bitcoin has retraced well this time, and the next attempt to hit 100,000 will still have this momentum in everyone’s mind. The market cannot fall back to 67,000, the starting point, in the near future. At most, it will oscillate between 80,000 and 90,000. So when it attempts to hit the 100,000 mark again, the starting point will be much higher than before, which means it will reach a higher peak. The first wave of impact reached 100,000 because the market aimed for 100,000 as a target. The second attempt to hit 100,000 will become a starting point, not a target.
$DOGE Buy Dogecoin for 1 year, it can change your destiny!
Trump stated that Musk will collaborate with American entrepreneur Vivek Ramaswamy to lead the proposed Department of Government Efficiency (abbreviated as DOGE), which will pave the way for dismantling government bureaucracy, reducing unnecessary regulations, cutting wasteful spending, and reorganizing federal agencies.
$DOGE The big pancake breaks 100,000! Dogecoin breaks 1 dollar! A pullback is an opportunity to heavily invest Clear benefits, you just need to bend down and pick up the money, no other actions are needed
1. You can never sell at the highest point, you can only sell in batches. 2. Don't think about buying back after a short-term drop of 20%. If the bull market rises to the big cycle (peak area), even if it drops 40%, it is still the peak area. 3. A real bear market will spiral down for at least one year. The decline of Bitcoin may be 50% twice in a row, the mainstream currency may be 70% twice, and the altcoin may be 90% twice. 4. Don't think about falling the next day after selling. It may fluctuate for several months and then officially collapse, or it may fluctuate for half a year and then collapse. In short, it will not collapse after you sell. Even if it collapses, it will take more than a year to fall to the bottom. 5. When the market rises to the peak area, the terrible thing is not that you sell too early, but that you can't wait for the collapse after selling. And lower the expectation to fall by 30% and then buy it back. As long as you buy it back, it will be in the peak area of the big cycle without exception. Because the peak area falls by 30%, it is still the peak area. The oscillation time of the peak area is much longer than the main rising wave time. It may be a 3-month main uptrend and a 9-month peak area oscillation. For specific reference to the last round, the peak area was 40,000 to 60,000 US dollars, and the oscillation time was much longer than the main uptrend time. As long as you sell it and can't help but buy it back within half a year or a few months, even if it falls by 30%, it may be stuck in the large cycle peak area. $BTC $ETH $SOL
$DOGE I record some of my thoughts on Dogecoin, a currency that I personally believe in the most, and even the highest.
Dogecoin cannot be understood by conventional market logic. It has been fluctuating and adjusting for 2.3 years. If it is just pulled up 2 or 3 times from the bottom to cut leeks, Musk will make hundreds of millions of dollars. This is obviously unreasonable and meaningless to Musk.
After the crazy rise of Dogecoin in 2021, Musk acquired Twitter in the following period. The chief designer is dogedesigner, and the opening screen design drawings in the app store are all based on dogedesigner as the main example drawings. In my opinion, these are all foreshadowings. The decentralized payment layout centered on x and Lao Ma’s crazy thinking are all foreshadowings for me to think that doge can rise to an incredible level like the last round. Now the longer the sideways time, the greater the imagination space.
The market is anti-human. Before the Dogecoin surge in 2021, many people thought that this unlimited issuance of currency was meaningless, but I pointed out that Dogecoin had risen 10 times twice in a row. I think Musk’s ideas are not understandable to ordinary people, so we can’t use the leek thinking to look at Dogecoin before the surge in 2021, so most people are destined to miss it.
Judging from Musk's various actions after acquiring X 21 years later, a big move has just begun. From the perspective of market sentiment, most of the new memes during this period have far outperformed Dogecoin, just as I have invested in new meme coins led by Pepe before. My idea is this: after the bull market began, retail investors habitually bought coins that performed well in the previous bull market, so Dogecoin became the target of retail investors. Pulling up other new memes will make retail investors fall into the whirlpool of thought that Dogecoin is far inferior to other memes and the anxiety of holding positions. Therefore, more and more retail investors will pay more attention to holding new memes and ignore Dogecoin. With such a change in market sentiment, Dogecoin will finally usher in the incredible market conditions of Dogecoin and the surge in 21 years, and most retail investors will miss Dogecoin again. I think the ultimate goal is not just $0.5, which is still meaningless to Musk. $1, $5, or even higher. I believe that you don't have to rush to deny it. I think my head is clear enough at present. If you can understand it, I believe you will be more determined like me.
$BOME $BTC 10 years ago, my friend told me to buy #BTC In 2016, my friend told me to buy #eth In 2019, my friend told me to buy #SHIB In 2023, my friend told me to buy #pepe In 2024, he told me to buy #bome I didn't fall for it, I knew it was a scam.
Fortunately, I didn't buy it at that time. Now those friends who bought BTC and Ethereum are lazy, doing nothing, living like a waste, driving a luxury car worth tens of millions, traveling around the world with beautiful women, what kind of life is this? ? The point is that this is not the life I should live!
Bitcoin's peak price time and bull market end cycle forecast!! Don't let me eat shit
1. From March to June of 24 years, Bitcoin will fluctuate and wash the market at 56,500-73,700 US dollars. In mid-to-late June, Bitcoin will most likely break 7.37 US dollars, a new high, and go straight to 98,000 US dollars. Then Ethereum will take off with Shanzhai, and the time cycle will last about 1-2 months.
2. The implementation of the interest rate cut in September will usher in a wave of corrections, and the market will begin to fluctuate and fall, and fluctuate in the range of 78,000-85,000 US dollars. During the oscillation process, the dog dealer will absorb funds for the last time, which will last for 1 month. In November, it will continue to explode to March-April of 25 years, and rise to 130,000-140,000 US dollars. 3. In May of 25 years, it will start to pull back to about 110,000 US dollars, which will last until the end of July. In August, it will continue to rise to 188,800 US dollars, and the peak time will be around October. At this point, this round of bull market is declared over! #BTC☀
$BOME #MemeWatch2024 Recommend a coin that can be held in the medium term, Bome! Let me explain the logic. In the bull market, making money depends more on choice than hard work. You must choose the right track. At present, Sol and Meme coins must be the best tracks. Bome is the leader of these two ecosystems that I am most optimistic about.
Bome is the first coin to be listed on Binance within three days. I think there has never been one before and there will never be one in the future. There is only one. There must be a super strong dealer behind Bome. Compared with Wif, Bome still has 5 times of room.
Basically, all meme coins listed on Binance spot will usher in a second wave of pull-ups after a period of adjustment after going online, such as Shib Pepe, etc. The second wave of pull-ups starts at 5-10 times. Bome dealers are stronger, and I think the adjustment time may be shorter.
Buy Bome, hold it together for 1 year, and make a fortune together. If you double your position by 10 times, you will definitely be free!
The secret of cryptocurrency trading is not in technology, which only accounts for 20%, and the other 80% is the spiritual level. Here are five major experiences! Worth collecting!
$PEPE $SOL $BOME 1: Let go of your emotional obsession and respect the market. Trading starts with your entry decision and ends with your exit decision. Don't expect that trading will be like this or that. What you need to seek is a careful consideration of the facts, not a speculative one. You need to form your own trading decision-making system and have your own eyes to see the market. You need to have a certain insight into the market and preferably a certain foresight. When trading, don't believe in your inner thoughts. Follow the system and eliminate external interference. In short, respect the market, believe in the system, and believe in yourself. As a result, trading will become natural, making you feel relaxed and even enjoy trading.