Crossing the long bear market and welcoming the big bull market
Today is October 17, 2023, and the current price of Bitcoin is $28,460! There are still 190 days until the fourth Bitcoin halving! We are now in the final stage of the bear market, the border between the bear market and the bull market!
Next, I will share some of my personal experiences in the cryptocurrency world, as well as a detailed account of the overall environment and the current stage we are in. Of course, I will also conduct a detailed analysis of the upcoming bull market and the reasons that may trigger a super bull market!
In December 2019, I came to the cryptocurrency circle. A certain project and a certain platform brought me into the cryptocurrency circle. I won’t tell you which project or platform it was because it has already closed down!
Will Trump's promises to the crypto industry be fulfilled in the future?
On November 6, 2024, Trump won the US presidential election and will be inaugurated on January 20, 2025. Trump made many promises favorable to cryptocurrencies during the Bitcoin Conference. What are the chances of fulfilling these promises? 1. If elected, Bitcoin and cryptocurrencies will soar! 2. On the first day of taking office (January 20, 2025), fire SEC Chairman Gary Gensler and appoint a new chairman! 3. Keep every Bitcoin-related job in the United States! 4. Appoint a Presidential Advisory Committee on Bitcoin/Cryptocurrency to design transparent regulatory guidance and complete it within 100 days!
Recent prices have fluctuated within the range of 94000 to 95000, forming a narrow range consolidation pattern.
The daily level shows continuous high-position doji and small bearish candles, indicating that the market is in a state of hesitation.
2. Technical Indicators:
MACD: The MACD in the 4-hour timeframe is showing negative values and gradually weakening, indicating there may be short-term pullback pressure, but the overall trend remains bullish.
RSI: The RSI is hovering between 60-70, close to the overbought zone, raising caution for potential pullback risks.
EMA: The current price is above the EMA7, indicating short-term support; both EMA30 and EMA120 are sloping upwards, and the long-term trend still looks bullish.
3. Trading Volume:
Recent trading volume has decreased, especially at the daily level, indicating a decline in market participation.
After a high volume breakout, a reduction in volume adjustment has occurred, suggesting a strong wait-and-see sentiment in the market.
From the monthly level, this month's gains have offset last month's losses; if this month closes with a bullish candle, then next month's market outlook remains quite good!
Ethereum is strong, returning to the $2,000 round number,
it's highly likely that there will be no interest rate cuts this month,
next, we will see whether Mr. Powell will be hawkish or dovish!
Let's see how many rate cuts we can expect in today's dot plot!
How the market will move, we will wait and see!
$BNB 47261810043
44706963317 52754800401#美联储3月利率决议 96801343603#Strategy增持比特币 97840894503 The above content only represents personal views and does not constitute any investment advice!
10371816791 49798885203 42246096323 #CPI数据来袭 22283633786#加密市场反弹 #ETH巨鲸清算 The above content only represents personal opinion and does not constitute any investment advice!