The bull market has arrived, don't short when bearish, grab the tail of the bull market. Although my current position is not much, I have also tried shorting recently and got beaten badly. This round of market is different. Fortunately, the long positions have made profits. Don't hold on to losing positions; it's very painful. Let's catch the upcoming bull market together. The long position for doge this round was at 0.1, peaked at around 0.4, xrp, fil, and ether were all taken at low points. Long position for ether at 2382, 3.3 for fil, 0.5 for fil, and the big bitcoin at 67600 was closed early. Don't go against the trend; the current market is still uncontrollable. Play with small funds, don't go all in, and pay attention to risks. #doge #eth #btcusd #xrp
As of the 22nd, the price of Bitcoin (BTC) has exceeded $91,000, which has brought a lot of confidence to everyone. I. Background and driving factors of breaking through $90,000 1 The revival of the "digital gold" narrative: ◦ Global economic uncertainty has increased, and the high tariff policy implemented by the Trump administration (such as tariffs on China as high as 104%) has triggered rising inflation expectations. The US dollar index (DXY) has fallen to a three-year low, prompting investors to seek anti-inflation assets. ◦ ◦ Bitcoin has shown the characteristics of a safe-haven asset. 2 Institutional capital inflows: ◦ Bitcoin ETFs continue to attract capital inflows. According to Coinglass data, Bitcoin spot ETFs had a net inflow of $744 million last week, indicating strong institutional demand. ◦ Bernstein analysts predict that by the end of 2025, Bitcoin ETFs will account for 7% of the circulating supply of Bitcoin, and the asset management scale (AuM) may reach $190 billion. ◦ Institutional adoption (such as BlackRock, Fidelity) and companies such as MicroStrategy increasing their holdings of Bitcoin (Japanese company Metaplanet recently purchased 330 BTC) further pushed up prices. 3 Technical support: ◦ At the daily level, Bitcoin broke through the medium and short-term moving averages, the K-line showed 4 consecutive positive lines, MACD returned to the zero axis, and the volume was enlarged, showing that the bulls were strong. If it stands at $90,000, the correction may end and the market will reverse. ◦ Technical indicators show that the relative strength index (RSI) is 58.80, which is in the neutral range and the market is not overheated; the 50-day moving average ($84,642) and the 200-day moving average ($86,317) are both in an upward trend, supporting the medium-term bullish trend. ◦ After breaking through $90,000, the next resistance level is around $9.1 to $92,000.
As of the 22nd, Bitcoin (BTC) price has broken through $90,000, bringing considerable confidence to everyone. 1. Background and Driving Factors Behind Breaking $90,000: 1 Revival of the 'Digital Gold' Narrative: ◦ Global economic uncertainty is increasing, and the high tariff policies implemented by the Trump administration (such as tariffs on China reaching 104%) have raised inflation expectations, causing the US dollar index (DXY) to fall to a three-year low, prompting investors to seek inflation-resistant assets. ◦ Gold prices have reached new highs, with an increase of 25% this year, while Bitcoin is favored again as 'digital gold' due to its fixed supply (21 million coins) and decentralized characteristics. ◦ Bitcoin is exhibiting characteristics of a safe-haven asset. 2 Institutional Capital Inflow: ◦ Bitcoin ETFs continue to attract capital inflows. According to Coinglass data, last week the net inflow into Bitcoin spot ETFs was $744 million, showing strong institutional demand. ◦ Bernstein analysts predict that by the end of 2025, Bitcoin ETFs will account for 7% of Bitcoin's circulating supply, and assets under management (AuM) could reach $190 billion. ◦ Institutional adoption (such as BlackRock and Fidelity) and companies like MicroStrategy increasing their Bitcoin holdings (recently purchasing 330 BTC by the Japanese company Metaplanet) further boost prices. 3 Technical Support: ◦ On the daily chart, Bitcoin has broken through short- and medium-term moving averages, with the candlestick showing four consecutive bullish days, MACD rising above the zero line, and volume increasing, indicating strong bullish momentum. If it stabilizes above $90,000, the correction may end, and the trend will reverse. ◦ Technical indicators show that the Relative Strength Index (RSI) is at 58.80, in a neutral range, suggesting the market is not overheating; the 50-day moving average ($84,642) and the 200-day moving average ($86,317) are both trending upwards, supporting a bullish outlook in the medium term. ◦ After breaking $90,000, the next resistance level is around $91,000 to $92,000.
2. Market Sentiment • Bullish Sentiment Running High: ◦ The current bullish trend is strong, and after a correction, Bitcoin is expected to stabilize above $90,000, suggesting waiting for a correction before entering long positions. ◦ In a bull market, sharp declines often present opportunities for institutional accumulation, reflecting confidence in long-term price increases.
◦ At the same time, the CRSI (Composite RSI) indicates overbought conditions, and profit-taking may occur, so short-term caution is needed for corrections. ◦ Short-term contract trading carries high risks, while holding spot is more stable; it is advised to reduce positions for contract profits.
ETH broke 1641, let's see if it can hold 1600. If it holds 1600, then 1800 is just a matter of time. This round, I've made a significant profit from Ethereum bought at 1400, and I've also reduced my position now. In this trading industry, it's not about who makes more profit, but rather a continuous compounding game. If it drops, I can buy more; if it rises, I can still profit. Why not? I couldn't resist chasing Trump, this trash coin, in the morning and made a small profit as well. #ETH #Trump