ETH has pulled back nearly half from its high, which translates to about 20% in percentage. The current daily level adjustment is nearing its end, and a solid support needs to be built in the 3200 - 3300 range.
Once a 'spike rebound' phenomenon occurs in this range, the worries of further declines in the market will dissipate.
Looking upward, the 3500 - 3600 range forms a strong resistance zone.
At this critical juncture, whether ETH can gain momentum, break through 3800 points, and stabilize will be the 'deciding factor' for whether the market can experience a widespread rally. If dreams come true, altcoins will likely see a surge of at least 50%.
At that time, don’t forget to clear out those 'underperforming' junk coins in your portfolio.
Ladies and gentlemen, the price of Bitcoin has now risen to 107,790 and is about to reach the second target price of 109,300.
The total market capitalization of the entire cryptocurrency market has also reached 3.8 trillion, with Bitcoin accounting for 55.6%, which is 2.1 trillion. Currently, it ranks seventh in the world, only 0.32 trillion behind Google, making it reasonable to believe that it could surpass Google this month.
In this way, the opportunities for altcoins are just around the corner.
In the past week, Bitcoin has entered a mode of accumulation and upward attack, withdrawing 95% of the liquidity from the market, resulting in altcoins showing a trend of following down but not up. Even Ethereum has struggled to rise, which is a normal phenomenon, as there is currently no influx of outside capital, only internal funds are pulling prices up.
After Bitcoin reaches the 109,300 range, it is expected to have a few days of consolidation, and it will be worth watching whether altcoins can seize the opportunity and initiate a strong rebound rally.
The dog market has once again staged that familiar scene: first, the MVRV indicator skyrockets, then it falls into an overvaluation state, followed by a phase of pullback and adjustment, and once the adjustment is complete, it begins to gather strength for a rebound, as if it were a classic series that always has sequels, playing on a loop, with a plot that always fluctuates📉📈.
Currently, the price of DOGE is "hovering" in the range of $0.36 - $0.49, every attempt to break through the resistance level is ruthlessly pushed back, resembling a corgi that desperately wants to climb onto the sofa but repeatedly fails, which is indeed quite helpless🐕💔.
However, it must be admitted that the resilience of the dog market is indeed strong—an impressive 74% of holders are still in a profit state. Those investors holding large amounts behave like seasoned experts, sitting calmly at their fishing spots, completely unaffected by price fluctuations.
Looking back at historical data, you'll find that every time the MVRV indicator reaches its peak, a corresponding pullback occurs. However, surprisingly, right after the pullback, there is often another wave of strong explosive growth.
So, will this time the dog market first drop below $0.36 and then start its rebound journey, or will it directly break through the $0.49 resistance level and continue its rapid ascent?
It seems to always be in cycles of speculation, adjustment, consolidation, and rise, continuously playing out similar patterns, making it truly hard to grasp yet filled with anticipation🐶🚀.
Is Bitcoin about to start a new wave of market movement?
Here, I would like to share some of my views, as history often shows astonishing similarities.
Looking back, the trends of Bitcoin in recent months have many similarities with those in 2023.
In 2023, driven by favorable factors, Bitcoin's price started to soar in October, and subsequently entered a very strong upward consolidation phase, ultimately reaching its peak on January 10 of the following year, coinciding with the launch of the ETF.
Now, looking at the present, the upward trend also began in October, and by late November and early December, it entered an upward consolidation stage. Moreover, the current buying pressure is strong, making it difficult for prices to decline.
Thus, it can be inferred that Bitcoin is very likely to continue to rise significantly, with expectations of reaching around 120,000 to 140,000 in January, which coincidentally aligns with the inauguration dates of Trump and Musk. I believe the probability of such a trend occurring is quite high.
However, in the short term, Bitcoin's price is easily affected by various news.
For example, tomorrow night, the world's largest company by market value — Microsoft will hold a meeting to discuss whether to invest in Bitcoin, and the outcome of this meeting is currently unknown.
If the meeting passes the resolution to invest in Bitcoin, then the price of Bitcoin will likely see an increase of at least 10% or more;
Conversely, if it does not pass, Bitcoin's price may experience a slight correction.
Overall, it is expected that around January 20, we will see Bitcoin rise to the high point of 120,000 to 140,000, and related Dogecoin will also benefit from this.
In the short term, we can look forward to the outcome of Microsoft's meeting next Tuesday evening, hoping everything can develop in a favorable direction.
From a venture capital (VC) perspective, this discussion of AB is quite accurate.
After the BTC ecosystem became the focus of VCs in the previous round, a large number of L2 projects have emerged, and their complexity is dizzying.
However, if you delve deeper, you will find that there are very few projects with truly attractive narratives, giving people the feeling that they have copied the Ethereum model and recreated it.
Bitcoin may indeed have a demand for decentralized finance (DEFI), but for those large investors and miners who have accumulated wealth by holding BTC for a long time, their inherent preference is to conservatively increase currency-based assets ( Otherwise it will be difficult to hold it for a long time).
This is why recent projects such as Babylon and Solv have been able to attract large-scale BTC inflows (not the previous model of Merlin).
Does Bitcoin really need so many flashy narratives? The business carried out by MicroStrategy (MSTR) is extremely simple, but it has become one of the targets that capital is chasing.
Many people in the currency circle have missed the investment opportunity of MSTR. For a currency circle project, as long as it can accurately grasp this key point and operate it properly, it is enough.
“The on-chain micro-strategy built by Solv is an effective way to position itself as a fund company and target whale investors and institutional groups. In this way, it can explain the concept of the on-chain version of MSTR to the market, and for large investors This positioning is quite attractive.”
Solv is keenly aware of this important point, and has abandoned its previous somewhat mediocre positioning of “BTC interest-earning”, and only needs to make every effort to create the brand image of “on-chain MSTR”.
Whether it is for large investors or retail investors, as long as Solv can establish a close connection with MSTR and occupy their minds, its development potential will be unlimited, so that it can stand out among competitors in the same track and widen the gap in dimensions. .
During a period of nearly 100 days, ETH oscillated within a bottom range, which was actually a large-scale accumulation process by the whales.
Until early November, the price began to rise sharply, breaking through the previous accumulation zone, and rapidly climbing from the low point with an increase of about 46%. This phase can be clearly defined as a critical period for trend initiation.
Subsequently, the price experienced a natural pullback, followed by a pattern of oscillating upward movement, and this trend has continued for about 3 weeks, which can be recognized as the trend running phase.
As of now, there have been no significant signals indicating the end of the trend running phase, which means this trend still has the potential to continue, although it is difficult to accurately estimate how long it will last.
From our professional understanding of trends, a complete trend evolution typically includes key phases such as accumulation, initiation, running, extremes, and reversal.
Currently, ETH is merely in the process of trend running; from a macro perspective of trend development, this stage can only be considered a mid-term phase of the trend.
If investors hold a more favorable cost price, it is advisable to hold firmly and patiently await further expansion and evolution of the trend to seek more substantial returns. $BTC $ETH #比特币回升至97K #ENA突破1美元 #SUI市场新焦点
The bull market is like a brutal hunting competition.
During this time, the institutional investors transform into experienced hunters, while retail investors become the prey.
Institutional investors first push up the major cryptocurrencies to stimulate market vitality, then they aggressively pull a batch of tokens on the chain with price increases of up to 100 times or 1000 times, causing retail investors to eagerly enter the market. Once retail investors have exchanged all their USDT for altcoins and become trapped on the chain, the institutional investors have basically cleared their assets on the chain.
Subsequently, institutional investors turn their attention to the secondary trading market, making one token double in price today and another token triple in price tomorrow. Retail investors find it hard to resist such temptation and have to sell off their tokens on the chain to chase after the secondary market.
At this point, the institutional investors throw their assets in the secondary market to retail investors, recovering the chips they lost on the chain.
Once the handover is complete, institutional investors once again raise the price on the chain. Retail investors see the tokens they just sold skyrocket, their emotions get out of control, and they once again sell off their holdings in the secondary market to invest back into the chain...
After several rounds of this back and forth, retail investors are left with a handful of depreciated tokens, while the institutional investors hold a large amount of USDT, and the bull market comes to an end.
Ethereum is currently in a bullish dominant pattern across all levels.
In today's market evolution, the key level of 3856 is worth focusing on.
As long as the price does not drop below this level, all levels will continue to maintain a bullish stance, and it is expected to continue rising upward. The targets and resistance levels above are located near the key points of 3947, 4000, and 4047.
However, if the price unfortunately drops below the level of 3856 today, then the 1-hour, 2-hour, and 4-hour levels will initiate a pullback process.
At that time, the support levels to watch below are near 3824, 3778, and 3736. The market trend of Ethereum will also face important turning points and trend changes from this point, and investors should evaluate and adjust their investment strategies and positions accordingly.
In terms of BTCUSDT, Bitcoin shows a trend of being under the control of bears at the 4-hour level.
In today's market movement, special attention should be paid to the key level of 98200. Only when the price stabilizes above this level can we expect the 1-hour level to start a rebound process.
Regarding the upper target and resistance levels, we need to pay attention to the key positions around 99520, 101656, and 103090.
It is worth emphasizing that in today's 4-hour trend, only by successfully stabilizing above 99520 can this round of correction be deemed formally over.
Conversely, if we cannot successfully stay above 98200 today, the rebound strength will be extremely weak, and it is highly likely that the downward trend will continue.
On the support level below, we need to closely monitor the positions around 96421, 95400, and 94332.
Once the price falls below 96421, the daily level will enter a correction mode, at which point Bitcoin's overall market trend may face more severe tests and changes in structure. Investors need to remain highly vigilant and promptly adjust their trading strategies.
As expected, Bitcoin has indeed reached the critical level of $105,000.
Based on my technical analysis results, there should be a pullback in the current situation, with two possible levels of pullback: a smaller pullback to $98,000, or a larger pullback to $90,000.
In my personal judgment, the likelihood of pulling back to $98,000 seems greater.
Furthermore, after experiencing such a significant level of volatility, if it can pull back to the $90,000 area, it would actually be a healthy adjustment for the market.
However, given the strong momentum currently present in the market, I believe that the price of Bitcoin will not fall to such a low level.
Today is undoubtedly a day of great significance, with BTC shooting like an arrow, breaking through the 100,000 mark!
Considering the current situation, the overall trend is clearly and undoubtedly continuing to rise around a bull market. This situation has become exceedingly clear, so there is no need for everyone to be overly concerned or fall into unfounded panic.
In this context, the reference significance that technical analysis can provide is quite limited; we simply need to follow the overall trend and act accordingly.
Whenever Bitcoin shows a correction, it is an excellent opportunity to buy!
Once BTC enters a phase of sideways adjustment, altcoins will once again迎来它们的璀璨高光时刻!
BTC is very likely to break through 100,000 USD, a result potentially achieved through the collaboration of MicroStrategy and MARA.
Recently, MARA completed a convertible bond deal worth 850 million USD, of which 785 million USD will be used to purchase Bitcoin and related corporate acquisitions. Similar to the previous operation, most of the funds will be invested in Bitcoin purchases, and the buying action will commence immediately after fundraising is completed. An additional 50 million USD will be used to repurchase notes maturing in 2026.
MicroStrategy mentioned in its previous financial report that it plans to raise 42 billion USD over the next three years, with 21 billion in equity funding and 21 billion in fixed income bonds, aiming to acquire more Bitcoin.
Just this year, MicroStrategy has sold over 6 billion USD in convertible bonds to purchase BTC, and it still holds over 10 billion USD in stocks available for further increasing its BTC holdings.
When will this "musical feast" come to an end?
As long as MicroStrategy and MARA can continue to issue convertible bonds at a premium, there will be a continuous inflow of funds. Official residence: Yunzi Commune, Tufei Jiayun
The premium on the convertible bonds issued by MARA reached 40%. If the premium is reduced to within 10%, the room for operation may become rather limited, and the inflow of funds will face obstacles.
Last night, BTC tested downwards to below US$94,000 with low trading volume, and then quickly rebounded with heavy volume. This phenomenon fully demonstrated that the buying power had the upper hand, and it can be inferred from this that BTC's second bottoming process It's over.
When BTC bottomed below $94,000, the coinbase Bitcoin Premium Index briefly turned negative, but quickly returned to positive.
Based on various factors such as the depth of this second bottom, trading volume, and the speed of the coinbase Bitcoin premium index turning from negative to positive,
The negative news that the government of country Z transferred nearly 20,000 bitcoins the day before yesterday actually had less of a serious impact on the market than imagined.
The U.S. non-farm payrolls data for November will be released on December 6. This data is one of the most critical data before the December interest rate meeting.
If there is no major negative situation in the non-agricultural data, it is expected that the market will soon start to rise. #bnb创历史新高 #小非农数据即将公布 #下一个换谁涨?
Last night, the situation in South Korea suddenly changed drastically, as President Yoon Suk-yeol unexpectedly declared a "state of emergency," which greatly frightened the market and panic spread rapidly.
The prices of cryptocurrencies on exchanges like Upbit plummeted like a roller coaster, with Bitcoin dropping to as low as $63,000 at one point, and Ethereum also couldn't hold up, directly falling below $3,000. Those altcoins fared even worse, experiencing severe declines, with many investors watching helplessly as their money vanished, resulting in devastating losses.
Fortunately, in the early hours of December 4, the South Korean National Assembly voted unanimously to abolish the state of emergency, and Yoon Suk-yeol had no choice but to lift it, causing the political situation to stabilize rapidly as if by magic.
The market also immediately rebounded strongly, with Bitcoin and Ethereum quickly starting to recover, and those altcoins generally rising as well.
Even so, this round of dramatic ups and downs still caused countless investors to suffer greatly; they became the unluckiest group in this turmoil, paying an incredibly painful price.
Bitcoin experienced a brief adjustment yesterday before rising again, but the retracement was larger than expected.
Looking at the 4-hour chart, it appears to be quite stable, and the candlestick patterns are also good.
Today's key support range is between 94,500 and 95,000. If it can consolidate well within this range, there is still considerable potential for upward movement in the future.
However, there is strong resistance in the 97,000 to 98,000 range, and it may take particularly good news to break through.
This Friday's non-farm payroll data and Microsoft's entry into the market will be important influencing factors; we need to keep a close eye on them. As for Ethereum, after the retracement alongside Bitcoin, its trend remains quite stable, and there is a high possibility of a rebound today.
The upper resistance level is around 3,720 to 3,770, while the lower support is in the 3,570 to 3,620 range.
Bitcoin has returned to a relatively normal and healthy state on the 1-hour, 4-hour, and daily charts, and the overall upward trend remains unchanged. Today's main activity is likely to be a range-bound consolidation.
Ethereum's performance across various timeframes is also good, and the rebound may be just around the corner.
All my operations at key points are open and transparent.
On October 10, I decisively bought at the bottom and invested fully, and on November 23, I sold everything.
Last weekend, I started buying physical goods.
Originally, my plan was to wait two weeks, which is this week, to start purchasing, and I explained the reasons for this, mainly influenced by the emotional aspect of Q, which caused a lack of consensus between knowledge and action, so I bought a portion of physical goods first.
The weekly trend has not deteriorated; even if I am stuck, I can continue to add positions.
I review the emotional aspects every day and explain in detail the reasons for these operations.
However, at this time, you come running to say that I am being pretentious and self-aggrandizing?
In fact, I am not fully loaded with goods right now, nor have I used leverage, and regardless of when I take in goods, I am still in a profitable state compared to the selling price.
Are you coming to argue just to prove that I am wrong?
If so, then you are correct, truly the most accurate in the universe. If you think I am a contrarian indicator, just block me directly.
2024 is coming to an end. Let us sort out the major events that will happen in December and explore the potential investment opportunities therein! ——
1⃣On December 6, the United States will release the November non-farm report, and on December 11, the CPI data will be released. Analyzing the current overall situation, the Federal Reserve is relatively likely to implement a rate cut in December, and the rate cut is likely to remain at around 25 basis points (25BP).
It is really curious to know what kind of operation mode under the framework of "King of Understanding Economics" can successfully reduce inflation while expanding fiscal deficits and increasing tariffs? Anyway, based on my current understanding, it is really hard to imagine the way...
BNB: Key points dominate the bulls, and the subsequent trend of sideways fluctuations remains to be seen
BNB has changed a lot in the evening market. After its price accurately dropped to the first support level I gave, it started an upward trend, and then broke through the first pressure level I set in one fell swoop, but then fell back. It is currently in a sideways fluctuation state at the 4-hour level.
Today, we need to pay attention to the key position of 653.6. As long as this position is not broken, all levels will remain under the control of the bulls, and the market will continue to climb upward. The upper target pressure level needs to pay attention to 663.7, 676.8 and 787.7.
(Note that 663.7 is the top position of the sideways area at the 4-hour level.)
If it falls below the key point of 653.6 today, the small-level market will start a correction trend, and the lower support level needs to pay attention to 646.4, 640.2 and 632.7. (Among them, 646.4 is the bottom position of the 4-hour sideways range.)
Bitcoin BTC: Analysis of key positions of long and short positions and operation ideas
Last night, I explained in detail to my brothers the level of BTC long-term conversion and the corresponding support.
If 95000 is not effectively broken and then climbs above 95500 again, it means that the market is still in a bullish upward trend and will start a small-level upward trend.
At present, the small-level rise is close to the second pressure level I gave. Since the rise is not strong, do not blindly chase high. At this time, you need to pay close attention to the support level of 95788 below.
Today's long-term key support is 95788. Based on the closing of the four-hour line, as long as this position is not broken during the small-level retracement, the market will continue to be bullish. The upper target pressure levels are 97233 and 98000 respectively.
If the one-hour line closes below 95788, the small-level market will start the correction trend first, and the lower correction support level is 94700.
If the four-hour level line closes below 95788 today, then this wave of four-hour level rising market will be declared over, and investors holding long orders need to pay special attention to risks.
In terms of long ideas: it is recommended to wait for the two positions of 95788 and 94768. If the four-hour line fails to successfully hold 95788, long orders need to exit manually, or consider reverse operations.
🚀 In the past 24 hours, its increase has soared like a rocket, breaking through 389%, reaching an astonishing peak increase of 496%! The current price is fixed at 3.42 USDT, and the market value has also surged, reaching a scale of 26.7 million dollars!
💥 It has even set a remarkable historical high: 4.172 USDT! Such a strong breakthrough performance has instantly ignited the passion of the entire market, triggering a heated pursuit!
💡 After successfully crossing the 4 USDT mark, THE's upward momentum has been like a surging tide, relentless and showing no signs of stopping.
In this short time, the market's enthusiasm for it has shown a continuously explosive state, with trading activity sharply rising, and many investors are rushing in one after another! 📊
🔍 Detailed increase data is presented as follows: Current quote: 3.42 USDT 24-hour increase rate: 389% Peak increase rate: 496% Market value amount reached: 26.7 million dollars Historical highest price: 4.172 USDT
🔥 A great opportunity has arrived, what are you waiting for? Act quickly to seize this rare wealth opportunity!