About bulls and bears, solely based on the big picture, I believe we are still in the bull market process. Currently, both on-chain data and funding conditions do not align with the logic of a bear market. It is more likely that we are in a pullback cycle of a bull market, and historically, the magnitude of pullbacks during bull markets often ranges from 30-40%. So, if we push back from 110,000, the pullback low point is likely around 66,000-77,000. The market has already touched this range, but whether we have seen the bottom or not, we can look at the performance of the US stock market. The US stock market has seen three consecutive weeks of large bearish candles on the weekly chart, with a decline of over 10%. Pullbacks of this level often do not end quickly. In past crises, a 10% drop in the US stock market is just an appetizer, a 20% drop may successfully hit the bottom, and a 30% drop is generally a solid win. Therefore, I personally believe that the position of Bitcoin at 77,000 is likely not the bottom of this pullback. In the short term, 77,000 is a very good support level, so as the US stock market rebounds from an oversold condition, touching above 90,000 is very possible. For medium to short-term swing traders, reducing positions above 90,000 and buying back when it pulls down may be a good choice.
This is already quite large for Bitcoin. The typical pullback during past bull markets is usually around one-third, so if those who are blindly optimistic believe the bull market hasn't ended, then the low point of the bull turning back in the 80K range has a relatively high chance.
Another possibility is that in order to force Powell to loosen monetary policy, the administration is artificially brewing a small economic crisis at this position. It seems like they are constantly talking about tariffs, but in reality, they are using rhetoric to manipulate the entire market. If such a situation occurs, we may need to lower our pullback expectations for Bitcoin. That's also why I decided to take back half of my position at this point, with the other half as a hedge against small black swan events.
As for other projects, I think it's worth looking into those mainstream options, especially those that have had significant adjustments. If there is another sharp drop, panic selling is likely to emerge because the fear index has already reached 10. This level is basically the bottom position in previous bear markets; holding on to it wouldn't last long. So, prepare your ammunition; now is not the time for us to panic~
From the daily perspective, most coins can hold for 1-2 days. Yesterday was too aggressive, and today the bears are clearly weakened. However, since Bitcoin has broken through the platform it has been stuck in for 3 months, it will be very difficult to reverse in the short term. So it is likely that yesterday's low point has not yet been reached. Be a little more patient and wait for the new rally call~
From tomorrow, the daily support of EMA (25) will not be lower than 97983 and the price will start to rise. The monthly support will not be lower than 103000 at the end of the month.
Predicting the Bitcoin cycle requires a combination of technical indicators, on-chain data, halving effects, and the macro environment. Most current models believe that the historical high may be broken in 2025, with the target range concentrated between $88,000 and $140,000, and in extreme cases, it may challenge $180,000. Investors should pay attention to key time points (such as November 2024), macroeconomic policies, and changes in on-chain indicators, while doing a good job of risk management to avoid blindly chasing high prices.
Ethereum's daily positive line from yesterday to now shows that yesterday was the last adjustment. The bottom has been confirmed. The rebound strength of Ethereum yesterday was stronger than that of Bitcoin, which means that Ethereum will make up for the rise in this half. It is not a problem to break the new high... Ethereum will make up for the rise of altcoins and there is still a relatively large rebound hope. This year, all the coins should rise together...
The statement made on January 27 has been verified; at that time, Bitcoin was above 105,000, and I sold all my spot. Now I plan to buy 30% Ethereum in spot, 10% BNB, and also buy 10% Dogecoin.
Bitcoin's daily divergence indicates a 20% pullback, support at 95000 has broken, looking at 88000. Ethereum can be bought around 2500. Altcoins go without saying. I have already shorted Bitcoin.
The selling pressure above 11w for Bitcoin is too strong. If it cannot break through 11w this month, it will form a daily top divergence. The lack of market funds will cause Bitcoin to pull back 20-30%. SOL rose to 295 but did not break 300, resulting in a 25% pullback. This month, Bitcoin can still fly after breaking through. The SOL support point is 220 US dollars. The upper pressure is 300 US dollars. Breaking through 300 will release the shackles. FIl has recently been absorbing chips in the range of 4.6-6.3. If you know how to use leverage, you can open a stop loss of 4.6 US dollars when it falls below 5 US dollars.
A new week has begun. Judging from the K-line, the market is still shrinking and fluctuating at a high level. It seems that the probability of choosing a direction this week is still small. Although there are FTX compensation and the expectation of Jianguo coming to power on the 20th, OTC funds are in The momentum around 100,000 has obviously decreased, and the funds on the market have been digested in large and small amounts, and it is temporarily in a weak balance state. Therefore, this week we will watch the fluctuations between 94000 and 104000, and just sell high and buy low and do the swings. After the U.S. stock market opens in the evening, the volatility will be significantly intensified. This weekend has been too boring. For small coins, the money-making effect is quite poor. The trading strategy should be cautious and avoid chasing highs and going long as much as possible. Auntie, things are still tepid, the exchange rate is slowly recovering, just keep enduring, there will always be a make-up, it’s just a matter of time.
It is normal to clear leverage in a bull market. If there is no profit, why would the market be pulled up for profit? It is just a collusion between a large institution and the dog dealer. Bitcoin fell 4% and the three altcoins fell 40%. This is a small currency with a small market, which is easily controlled by institutional dog dealers. So this wave has washed out 90% of the leverage. Later, I feel that if Bitcoin pulls back, there will definitely not be much flood to release in the altcoins. Everyone thinks that when the big cake goes to 80,000 US dollars and 70,000 US dollars, just like when Bitcoin reached 9,000-10,000 US dollars in 2020, it was said that there was a gap at 7,600 and it would rise after it was filled. At that time, how many people were short below 20,000 US dollars? So don't touch the spot. Now there is a gap at 77,000 again. Keep your own spot. Just pay attention to the risks for those who open leverage. There is no worry about Bitcoin spot. As I said, Ethereum will not reach a new high and the bull market is still there. In my personal opinion, we should buy the small coins that fell a lot yesterday with light positions. Our focus is Bitcoin, such as yesterday's oversold xrp dog
On November 5th, Musk campaigned for Trump and won. Since the victory, the hype around Trump and Musk has increased, and in just one month until December 5th, Bitcoin has risen by nearly 40%. The probability of a rate cut in December is 60%. With the support of the rate cut, Bitcoin broke through $104,000 on December 5th. However, it couldn't hold the $100,000 mark on December 6th. My personal view is that it's a good thing if Bitcoin can pull back a bit; it should bleed a little to irrigate and support Ethereum and altcoins. If Bitcoin does not complete a significant pullback of 15% to 20% before January 20th, then Trump taking office on January 20th may lead to a larger pullback. Analysis: Bitcoin support level is between $95,000 and $92,000, with an upward probability towards $110,000. Ethereum may break through new highs, while Bitcoin could pull back; Ethereum is positioned around $3,900. Dogecoin has great potential to break previous highs! Recently, things have been quite busy, and I'm not feeling well. At important moments, I will come out to share my personal views!
There are only four legal ways to cross classes and accumulate wealth in this world.
1. Use capital to control the means of production and generate compound interest. It is almost impossible for ordinary people to control the raw materials of industry. IP and intellectual property are the only way out of this track.
2. Become a winner in a field with low winning rate but high return. Lottery, casino, financial market, cryptocurrency, these are another channel for ordinary people to change their fate. At the same time, because of the probability of this mechanism, you will also see corpses everywhere.
3. Become a scarce expert in a certain technical field and dig deep into it to the extreme, and then obtain capital tolls or profit sharing.
4. Predict the future. Through the judgment of the future situation and the courageous courage, suppress a certain field or use the information gap to crush it.
Unfortunately, the above four methods rely on hard work to almost zero.