Many people think that investing in cryptocurrency is simple:
You invest ten thousand dollars, don't worry about it, and sell it for one million after ten years.
However, the reality of cryptocurrency is like this——
You enter the market with ten thousand dollars, and the next day it turns into five thousand. That night, you toss and turn, unable to sleep. Every deep night that follows, you wake up to go to the bathroom, and you check the market on your app.
After enduring a year, the price fluctuates between 1000 and 6000, you're exhausted, and you resolve: if it can rise to 9000, you'll cut your losses and exit. However, when the bull market arrives, your coins rise to 8500. You remember a few past rises and falls, thinking it must retrace to 6000, so you sell at 8500, preparing to buy again after the retracement. You definitely made a profit, but this time, the market didn't return to 6000; instead,
you hesitate, fearing that if you don't get back in, you'll miss the opportunity, so you chase it from 8500 to 9000, your position returns, but your coins are fewer. Then, it retraces from 9000 to 7000, and you waver again. Watching it rise to 12000, you finally made a profit, but when you calculate the annualized profit, it's 20%, and you console yourself: this is also a good investment!
This is the true portrayal of a novice: all-in, full position, cutting losses, chasing highs and selling lows, repeatedly struggling.
If you are also confused, follow me, and let's communicate and learn together.
In the cryptocurrency world, if you want to earn 1 million yuan from tens of thousands of yuan, there is only one way!
That's rolling. When you have 1 million yuan in capital, you will find that your whole life seems to be different. When you can make 100,000 yuan from tens of thousands of yuan, you will also be able to grasp some ideas and logic of making big money. At this time, your mentality will be much calmer, and the rest is just copy and paste.
Don’t always boast about tens of millions or hundreds of millions. Start from your actual situation. Bragging all the time only makes you feel good. Trading requires the ability to identify the size of opportunities. You can’t always have a light position or a heavy position. Usually, you can play with a small position. When a big opportunity comes, don’t miss it. For example, rolling positions can only be operated when a big opportunity comes. You can’t roll positions all the time. It doesn’t matter if you miss it, because you only need to roll successfully three or four times in your life to go from 0 to tens of millions. Tens of millions are enough for an ordinary person to advance to the ranks of the rich.
"Bull markets" are suitable for chasing rising longs "Bear markets" are only suitable for holding cash and staying flat
When the major trend is confirmed to be upward, don't be afraid of heights Many times, what seems "high" at this moment may not be high the next moment
When Bitcoin sets a new historical high again The opportunity for altcoins will come But still, less than 5% of altcoins are worth buying
Remember, running bulls are not afraid of heights😀
After the election results were announced, Bitcoin surged, successfully breaking the historical record of $73,666 and reaching a new high of $76,000.
There is no need to elaborate on market trends and conditions; the bull market is still thriving.
True success comes from extraordinary patience, continuous learning, and constant self-improvement. We should deeply cultivate our trading systems and refine our skills, as this is the key to long-term survival and prosperity in the market.
There is no need to compare short-term gains with others, nor should we envy the achievements of others; these have nothing to do with our own development.
Focus your attention on yourself, concentrate on enhancing personal abilities, and compare yourself with your past. First, ensure that you do not incur losses, then gradually achieve small profits, and ultimately reach long-term stable returns. Step by step, gradually change your wealth trajectory.
The Federal Reserve cut interest rates by 25, which met expectations. Bitcoin only reached a maximum of 76900, seemingly ready to take off but actually unable to move, needing to consolidate or have a small cycle pullback to review.
1: Bitcoin reached 73000 before Trump won, and when Trump's victory was confirmed, Bitcoin rose to 76000. Immediately, everyone saw Bitcoin break through previous highs with great confidence, and then entered a bull market. However, the market is severely lacking in funds, leading to disappointing upward expectations.
2: The short positions in the futures market were wiped out. The lowest point on the 5th was 66800, and today’s highest was 76900. The shorts were cleanly harvested by a 10000-meter-long big knife, and now everyone has turned bullish. With the market in joy over Bitcoin breaking previous highs, caution is necessary.
3: According to on-chain data, when Bitcoin reached 76900, short positions were liquidated to the tune of about 1 billion. Now, if Bitcoin pulls back to 71000, then 3 billion worth of long positions will be liquidated. Do you think institutions will eat these positions?
4: Just like at the end of October, it stretched early to reach previous highs, then directly dropped by 5000 dollars, harvesting long positions. Then, negative news was created that Harris's votes surpassed Trump's, genuinely deceiving and inducing a wave of shorts to flood in at 69000—70000—72000, resulting in institutions wanting to harvest futures market positions.
5: An increase requires enough funds to purchase, while a decrease only requires selling the positions on hand, or even just data to crash the market. The market still lacks funds, and outside capital has gone to ETFs, requiring a large amount of new money printing.
After a day of sideways trading around $75,000, Bitcoin is now once again on a nightly rally, and the trading volume is increasing. Trump, who won the election, will not be officially sworn in until January 20, 2025. Trump plans to include Bitcoin in the national strategic reserve if he is elected: This is certainly good for Bitcoin. In addition, Trump promised at the 2024 Bitcoin Conference to include Bitcoin in the national financial reserve, support Bitcoin mining, and plan to establish an advisory committee to support cryptocurrencies.
Some forecasting agencies believe that Bitcoin will exceed $100,000 on the day Trump takes office.
Attention! In this market, if you are average, don't go short.
The logic of shorting is much more complicated than going long. You don't go short only when you are bearish, nor can you go short when the price rises too much.
1. If there is no medium or large-scale short trend (above the daily line), you can't do it. If you don't stop profit in time, you will be swallowed by the pull-up or pullback.
2. If it doesn't reach the strong shock zone, you can't do it. For example, 76600-77700, you can go short here.
3. If it doesn't reach the stage high point, you can't do it. For example, 79600-80000 belongs to the large integer barrier and the staged high selling area. You can go high. Even if it is pulled to 98000, there will be a chance to make a profit as long as you don't blow up the position. Because the price reaches 10w, the big bottom is 72000.
Yitai's performance today is eye-catching! This is the first time that it has broken through 2800 in more than two months, and it seems that it will hit 3000. And the altcoins have also begun to exert their strength, and the market heat is still high.
At this critical juncture, I would like to remind everyone that the big cake may hit the top in the short term, but the market of the altcoin has just begun! If you have already entered the market, it is recommended to stabilize your position and do not get off easily.
In terms of operation, the space of the big cake is limited, and Yitai has adjusted after hitting the top at 2879. It is recommended to follow the trend and place orders at low levels for steady operation. 2830 is a key support level, where you can open a position. If it falls below 2800, you can cover your position again, and the stop loss is set at 2780.
In addition, popular coins such as SUI, NEIRO, SOL, and WIF are also worth paying attention to. If you want to seize this bull market, learning is important, but following experienced leadership will be more efficient.
The market changes rapidly and opportunities are fleeting. Only by following the trend and adjusting operations flexibly can you seize this wave of opportunities!
I saw many friends asking about the Fed's interest rate meeting tomorrow morning. From my personal point of view, what can be determined is that a 25 basis point interest rate cut should be infinitely close to 100%. Although the Fed's monetary policy may be affected by the US election, it still needs to be based on data. The current data, whether from inflation, unemployment rate, or economic stability, all support continued interest rate cuts.
As for the possible interference with interest rate cuts mentioned by many friends, it is because they are worried that inflation will rise after Trump takes office (as mentioned in the quoted tweet), but in fact, the Biden administration is still in power, and Trump will not officially hand over until January 20, so theoretically there will not be much change in these two months.
So even if Trump's victory will have an impact, it will at most affect the monetary policy in December, and it will hardly have an impact on November. Of course, Powell is not likely to have an easy time with this power transfer, after all, Trump cursed the Fed and Powell all the way during his last term.
You can listen to Powell's speech in the early morning, and it is estimated that reporters will ask. If nothing unexpected happens, I will still do a live broadcast.
I almost forgot, 25 basis points is good for #BTC☀ . The dot plot will be released in December. The impact in November is not very big, but the market's risk appetite will increase.
TRUMP, MAGA, and Other Trump-themed Tokens Plummet After Election Day
Following Trump's victory in the U.S. election, Donald Trump-themed meme coins TRUMP, MAGA, TREMP, and STRUMP all experienced a crash, with a total market cap decline of over 21%. MAGA, by market cap, is the largest Trump-themed meme coin, which has dropped by 50.7% in the past 24 hours, trading at $1.71 at the time of writing. The market cap of this altcoin fell from $212 million on November 6 to $79 million at the time of writing. MAGA, a meme token inspired by the iconic red hat worn by Trump during his political campaign, also plummeted by 51%, with a market cap dropping to $39 million.
After the recent high of Bitcoin, the current gain is starting to shrink. Ethereum has arrived for its expected rebound today. Yesterday during the live broadcast, it was mentioned that Ethereum would start rising once it breaks 2660, aiming for at least 2760-2800 points and potentially reaching the 3200-3500 range. It's clearly stated that this week is a phase to look for a rebound, and it's also a bullish outlook for Ethereum and the rebound of altcoins. Many people were asking in the live chat if it is now time to be bullish or to look for a reversal. Here I want to emphasize that from a technical perspective, it is clear to look for a support rebound in Ethereum to drive the rebound of altcoins. Therefore, this week has a bullish outlook. Today, the coins related to Ethereum are still performing well, with ENS having a gain of 20 points so far. For the coins we are focusing on: FLOKI, YGG, ZRO, BOME, BONK, ENS, currently, ZRO, this new coin has a relatively small gain, while the others can still be compared to the gain of Ethereum. At this stage, Bitcoin is starting to stagnate while Ethereum is rebounding. I don't want to say too much about Bitcoin, as there's not much to discuss, but for Ethereum, it’s about assessing the degree of rebound. This wave looks at whether it will directly break the 3000 points to near 3200 points to establish a high point for a pullback, ending this wave of market movement.
Today's Focus Today, BTC surged to around 76000 points and then pulled back. During the day, the effective support level on the four-hour chart can be observed in the 73000-73000 range. On a smaller scale, pay attention to the 74000 points level. The focus should primarily be on Ethereum driving the altcoins, with continued attention on the performance of altcoins such as ENS, ZRO, FLOKI, BOME, BONK, and YGG.
ETH is experiencing a normal rebound today. This kind of rebound is considered a relatively good gain in the current market. With this statement, Ethereum has finally shown some strength after consolidating for several months. Today, it has finally broken above the 2800 points level, and the support levels of 2300-2400 show no issues for a bullish outlook. Ethereum is still following its technical trajectory. Now, Ethereum is also at a critical node for a breakout, and we will see how the degree of rebound drives the gains of altcoins. During the day, pay attention to the round number of 3000, and on the four-hour chart, focus on the support level in the 2760-2800 range.
Bitcoin stands at 75000, Ethereum surges to 2800, and SOL also reaches 191, showing a thriving scene. With Ethereum's strength, meme leader NEIRO takes off first, and staking leader LDO also pulls a 40% big bar. Ecosystem projects like ENA are also taking off strongly. Once the market arrives, you need to hold onto your chips tightly and not get washed out. There is no pressure above Bitcoin now, and the turnover rate and entry rate are very high. Any slight selling pressure is immediately absorbed. The pullback buying point I've been waiting for has not come yet. Now, the FOMO sentiment is driving the surge; it's so crazy. It's easy to find yourself at the peak now, and given the current market conditions, the washout intensity will also be fierce, unless you are already on the vehicle when the rise begins. Short-term trading is not very suitable for the current market; let's see if there are any spot opportunities to catch up together! After the election, what else is worth looking forward to? The election is just one factor in the cycle, not even the most important one. In terms of trends and cycles, we can expect:
1. The impact of the BTC halving cycle often occurs within the election period.
2. FASB will officially take effect in December 2024.
3. SAB121 will inevitably be resubmitted in 2025, and this time the pass rate will be very high.
4. More importantly, the Federal Reserve's monetary policy has shifted from monetary tightening to monetary easing.
US stocks surge to new highs. Trump's election as President of the United States will result in tax cuts domestically and increased taxes internationally. If tariffs increase by 20%, it could lead to a 10% depreciation of the Renminbi, a 0.5% decline in China's GDP, and a 1% rise in the US CPI.
Market Highlights: 1. DeFi projects like Cetus and Cow are listed on Binance. Cetus is the first Sui ecosystem DEX listed on Binance, while Cow is an MEV-resistant DEX aggregator on the Ethereum chain.
2. Major DeFi projects like Uni, Aave, LDO, Ena, Ray, and Rndt have surged. Trump has promised to immediately remove the SEC chair and establish a national strategic reserve for BTC, leading to market expectations of regulatory relaxation. Ena plans to distribute income to Sena holders. In the long term, this round of DeFi has speculative prospects, especially for Ena.
3. AI projects like Goat, Grass, and Arkm have surged. Arkm has launched a contract trading platform. Grass has quadrupled in value in a week, reaching a market cap of $3 billion, nearly twice the IO market cap.
4. Meme projects like Neiro, Pnut, Moodeng, Luce, and Joe have surged. Speculative funds from the leader Doge have overflowed to the second leader Neiro. Joe's LP lock-up period has been extended to 256 years. On-chain meme gains are significantly higher than those on CEX.
5. Political memes like Trump, MAGA, Fight, and Harris have generally plummeted after the election, as favorable conditions have been exhausted. 90% of Polymarket prediction users are losing money, but the highest winner has earned 5000 Wu.
Non-farm payrolls tonight, rate cut in the early morning! The rate cut was supposed to be yesterday! The election was postponed to today! Harris will give a speech after losing the election!
Bitcoin began to fluctuate around 75,000. Ethereum finally hardened today. It has risen to around 2,800! There is pressure around 2,800 to 2,900! It belongs to the original center. There is also pressure from the channel line!
The position is a bit high. Breakthrough and stabilization space opens up! Otherwise, Ethereum will still fluctuate.
Based on the current market analysis, the market is unlikely to experience a major correction. Its price is trading sideways at a high level, gradually rising after a wide range of shocks, showing obvious strong correction characteristics.
Therefore, we believe that the small correction is only a short-lived phenomenon, and the follow-up buying strategy after the correction should still be our main choice.
With the strong recovery and continued outbreak of bull power, the current market heat can no longer be fully described by the word "hot". We have already witnessed the huge power brought by the unfolding of the main trend. Therefore, it is imperative to continue to follow the trend and shape the situation.
The dust has settled on the US election. Tomorrow we talk about interest rate cuts.
I have always said to stay away from all those bloggers who say there are no dividends in the circles. Now everyone knows why.
Now that the heat is up and the big trend is set, don't make any hasty moves.
The market is taking a break for now, let's observe for a while; entering at this moment carries great risk. If you haven't entered yet, don't rush in. It’s easy to get hurt.
doge, sol, pepe… these also need to be taken seriously next.
Shiba Inu (SHIB) Hits 30-Day High: Is the Next Stop ATH?
Shiba Inu's 30-day high indicates that the asset's price trend is strong. Investors have taken notice of this upward trend, and many are now speculating whether SHIB will continue to rise and possibly reach a new all-time high (ATH). The chart shows that SHIB has maintained an upward trend that started in mid-October, breaking through a crucial trendline support. The purchase volume has significantly increased, supporting the bullish sentiment surrounding SHIB, indicating that market participants are continuously paying attention. SHIB currently faces a resistance level of approximately $0.00001900. If the asset hopes to maintain its upward momentum, it must break through this area, which has historically been an obstacle preventing further increases in SHIB. If SHIB can break through this resistance with significant trading volume, it could pave the way for higher levels and ignite hopes of potentially approaching its all-time high (ATH).