In recent days, with the decline in Bitcoin prices, many friends have begun to pessimistically wonder if the market is failing. The only factors that can currently drive the price up are verbal positives. Since the election ended, Bitcoin has maintained around 95,000 for a while. Later, it was the frequent new appointments that began to push the price up. However, as of today, there has not yet been anything substantial, and instead, we are facing negative news with the SEC slowing down interest rate cuts, so a correction in sentiment is inevitable. The overall trend of the election has not ended; only the election phase has concluded, and the transition phase has not yet taken place. With the inauguration on January 20th, there may be a wave of expectations, such as if Trump mentions cryptocurrency or Bitcoin in his inauguration speech, that would be enough to excite the market. Starting this week, we have entered the Christmas holiday period. Christmas does not necessarily lead to a decline every time; the key is to see how the sentiment is before Christmas. If the sentiment before Christmas is poor, it will indeed affect price trends due to low liquidity. However, this January has enough expectations. Therefore, after the SEC's 'panic' ends, the market will gradually repair its sentiment. Concerned investors have gradually exited during the panic, and what remains are either short-term investors or those brave enough to gamble. Periodic fluctuations are not necessarily bad; after fluctuating around $26,000 for eight months, it quickly surged to $73,000, and after fluctuating around $65,000 for eight months, it quickly surged to $100,000. It is expected to be a deleveraging process, but I prefer to describe it as cleaning out the 'weak' investors. After all, we have expectations for January; let's see what real positives Trump can bring for cryptocurrency next. Therefore, when liquidity is weak and the market is not good, reduce the frequency of operations and wait patiently.
Bitcoin has reached an important support position. From a general perspective, it has not stabilized, but it is also facing layers of support below. At present, the position of 92,000 is supported, so the position of 88,000 to 92,000 is a very important strong support. The range of ETH is 3,060 to 3,320. If it falls below 3,060, you have to pay attention to 2,800. Those who are optimistic about the trend can build positions in batches, because there are no other important data to be announced before Christmas. After Christmas to the handover of power on January 20, there are non-agricultural data on January 11 and CPI data on January 15. There is not much difference between CPI and PCE this time. Even if there is an impact, it is not a big problem. On the contrary, non-farm data is somewhat useful, but non-farm data has almost no negative impact, only positive impact, because the Fed currently defines the economy as very strong, and also hopes to cool down the job market, so the unemployment rate has dropped, indicating that the market continues to be good, so it continues to be suspended, which is in line with expectations. If the unemployment rate rises, it means that the economy is slightly turbulent, but it is not a big problem. It may prompt the Fed to consider cutting interest rates a few more times, so as long as there is no economic recession or black swan, then there may be no negative data before January 20! #加密市场回调 $BTC #心诚
Bitcoin suffered a heavy blow for two consecutive days, retreating from 10.8w to 9.2w. Not only cryptocurrencies, but also global capital markets have generally fallen. The Dow Jones, Nasdaq, and S&P have all experienced rare oversold. The reason is that the Federal Reserve has conveyed hawkish remarks on future interest rate changes. This time the Federal Reserve cut interest rates by 25 BP in line with market expectations. After the event, the US dollar interest rate fell back to between 4.25% and 4.5%, but the latest interest rate dot plot gave the capital a shudder. The latest interest rate dot plot has been posted before. The horizontal axis is time, the vertical axis is interest rate, and the blue dots are the votes of the 19 members. The expectation for 2024 has arrived, but it will be concentrated at 4% in 2025, which means that there will only be 0.5% space next year. It was this 0.5% that caught the market "off guard" and began to adjust. The US dollar index quickly strengthened, global financial assets plummeted, and the exchange rates of various countries' currencies against the US dollar also fell. The RMB was naturally affected, but due to the strong US dollar, it had to wait for the US dollar to cut interest rates, and then make adjustments. This move made the RMB fall to the psychological bottom line of 7.3. The Fed manipulates Bitcoin, rejects Bitcoin, and all these arguments are half of the unspeakable secrets of the initiators, and the other half are people who agree with them because of past experiences and the environment they are in. First of all, the Fed’s first demand is to escort the US economy. Therefore, the three issues of GDP growth rate, fiscal deficit rate, inflation, unemployment rate and macro balance are the most important. Secondly, the trend I said cannot be changed. Although the macro-economy and changes in US interest rates have a great impact on the market, they have never become and cannot become the soil for curbing the trend. Moreover, today when the Internet promotes the breaking of barriers to information dissemination, the consensus of Bitcoin will not take another three thousand years like gold. The next 20 years will enter a period of high-speed penetration, and Bitcoin will continue to break through. Based on this, the current decline of Bitcoin is an opportunity, an opportunity given to us by the market, and an opportunity to make up for it after not buying in the bear market. Such an opportunity is not available to those who say "the Federal Reserve manipulates Bitcoin", those who are all-in for copycats, those who have no financial planning, those who are not aware of it, and those who are all-in. This is a historical strategic opportunity that our generation will never encounter again, and it is worth planning for 10 years or even longer.
Bitcoin spot ETFs have $129.3 billion in assets under management Gold ETFs have $128.9 billion in assets under management Although gold ETFs have a 20-year head start, Bitcoin ETFs have overtaken them, showing the rapid rise of crypto assets and the huge potential of the market
Bitcoin will reach $200,000 in 2025 Recently, I went to see the analysis of GK (the chief of foreign exchange and cryptocurrency research at Standard Chartered Bank), who previously made accurate predictions about Bitcoin's price points. Last April, when Bitcoin was still priced at $27,000, he predicted that Bitcoin would reach $100,000 by the end of 2024. The current price is just around $100,000. His latest research report states that the target price for Bitcoin next year is $200,000. The main points supporting his prediction are as follows: 1. This year, Bitcoin's price has been pushed up by institutions (mainly through ETFs and Microstrategy, which purchased over 683,000 BTC). It is expected that institutional buying levels in 2025 will remain at this year's level or higher (Microstrategy's latest three-year plan announcement indicates this), and with Trump coming to power, some traditional funds may increase their investments in Bitcoin. 2. The biggest positive is that after Trump comes to power, there is a possibility that Bitcoin could be used as a strategic reserve asset (a low-probability event with high odds), and then Bitcoin can truly be called digital gold. 3. Various countries are increasing their reserves of Bitcoin to varying degrees. I personally believe that price point predictions are not that important; what matters is that with these macro factors in place, Bitcoin likely still has at least half a year to allow everyone to freely swim. #心诚 #BTC再创新高 $BTC
MicroStrategy spent another $1.5 billion today to purchase 15,350 Bitcoins, bringing its total holdings to 439,000 BTC, with a total profit of $19.5 billion. This profit is enough for many publicly traded companies to strive for 8 to 10 years. If MicroStrategy continues to buy like this, there is indeed a possibility that Bitcoin could rise to $200,000 or $300,000 each in this bull market.
The new version of FASB has officially come into effect today, which means that listed companies holding Bitcoin or even other cryptocurrencies can use fair valuation to calculate financial statements.
Regarding the Microsoft board's rejection of using Microsoft’s financial assets to purchase Bitcoin.
Nevertheless, this rejection is unlikely to deter similar attempts. With Bitcoin's price doubling this year, more voices are calling for a portion of corporate financial assets to be invested in the world's largest cryptocurrency to hedge against inflation risks.
As many shareholders increasingly engage in crypto-related businesses, opposing such proposals may become more challenging.
Major shareholders of Microsoft include BlackRock Inc., State Street Corp., and FMR LLC, all of which have entered the crypto space, and industry observers expect them to deepen their involvement further.
First, you need to master your own logic. Second, you need to control your positions. Third, you need to balance your mindset.
Most people get trapped by watching others make money and feel anxious, while feeling upset when they lose money. Both of these lead to emotional FOMO and a loss of confidence, resulting in poor judgment.
Whether others are making or losing money has nothing to do with you.
After Bitcoin broke through the big positive in early November, the technical level of the big cake needs to be repaired. Therefore, we should focus on the fluctuations before and after the Fed's interest rate decision on the 19th. In the short term, it needs to fluctuate and oscillate back to repair. If it closes below 99,000 at 8 o'clock tomorrow morning, we should focus on the support positions of 95,000 and 91,500 below. Therefore, we should control the current position at around 5-6 levels.
Tomorrow, focus on the vote on the "Evaluation of Investing in Bitcoin" proposal at the shareholders' meeting held by Microsoft.
December 10 is the date Microsoft will vote on whether to buy Bitcoin. If Microsoft agrees to buy, it will be the first publicly listed company to allocate BTC among the top five global assets. If passed, it will be a major event for the global adoption of BTC #心诚 $BTC
In November, the U.S. added 227,000 non-farm jobs, exceeding the market expectation median of 200,000, marking the largest increase since March of this year. October's data was revised up from 12,000 to 36,000, and the total revision for September and October combined was 56,000. Against the backdrop of a declining labor force participation rate, the unemployment rate rebounded from 4.1% to 4.2%. Traders are betting that the likelihood of a Federal Reserve rate cut in December increased from 67% before the report to 85%. #心诚 $BTC
NASDAQ-listed company Worksport announces purchase of Bitcoin and XRP, with a cash reserve allocation of 10%;
US-listed medical technology company Semler Scientific increases its holdings by 303 Bitcoin, bringing its total holdings to 1873; US-listed companies are starting to rush in
12.06 Morning Report: 1. $BTC first broke 100,000, after surging to 103,000, it fell to around 90,000 in the early morning, creating the largest drop in one hour; Bitcoin broke 100,000, and Trump extended his congratulations; Following Bitcoin's rise above 100,000, demand for put options increased and leveraged trading intensified; BlackRock's IBIT saw a pre-market trading volume of 122 million USD yesterday, with 50% being active sell orders.
2. $ETH broke 4000 again after more than six months and then pulled back, basically a lot of people jumped on the ETH bandwagon;
3. $SOL is the main force of the rebound, the only one in the TOP 10 that rose within 24 hours;
4. $BNB, after @BNBCHAIN's day trip, still hasn't figured out how to play it;
5. Sol Strategies submitted a Nasdaq listing application to expand market influence;
6. The cryptocurrency industry welcomes Trump's nominee for SEC chairman; Don't know when $RSR will pump;
7. Coinbase will list MOODENG, ALGO, SAND, and MOG perpetual contracts;
8. The Financial Times issued an apology for its negative coverage of cryptocurrency over the past 14 years;
9. Analysis: Uniswap launching an independent blockchain could result in Ethereum losing 500 million USD in validator income annually;
10. Nasdaq-listed company Worksport announced the purchase of Bitcoin and XRP, with a allocation ratio of 10% cash reserves; Nasdaq-listed medical technology company Semler Scientific increased its holdings by 303 Bitcoins, bringing its total holdings to 1873; Nasdaq-listed companies are starting to rush in;
11. @burnt_xion went live, peaked at 17u, currently stabilizing around 7u;
12. Bernstein: Bitcoin will replace gold as the main store of value within the next decade;
13. The total market value of cryptocurrencies surpassed 3.88 trillion USD, setting a new historical high;
14. Analysts: Musk may bring strong tailwinds to altcoins, and it's only a matter of time before the X platform has a digital asset wallet;
15. Mysten Labs co-founder: AI will become standard in the crypto industry, predicting blockchain transaction speeds will surpass Visa;
16. a16z co-founder Marc Andreessen is assisting in recruiting talent for the Department of Government Efficiency (DOGE);
17. Options worth approximately 2.88 billion USD in BTC and ETH will expire tomorrow;
Federal Reserve Chairman Powell stated early this morning that Bitcoin is a speculative asset, making the first comparison of Bitcoin to gold, acknowledging Bitcoin as an asset.
Today's Highlights: 1: The US Bitcoin spot ETF saw a net inflow of $550 million yesterday.
2: UNI officially announced that the Layer 2 unichain will launch its mainnet on December 18, pay attention to the favorable timing.
3: USDC Treasury has minted over 100 million USDC on the Ethereum chain, starting to mint again, definitely buying funds.
4: The regulatory environment is improving, next we will see the launch of vehicle ETF staking products; a new generation of Layer 2 is about to go live, Ethereum will gradually be hyped.
5: After breaking 100k, there will be fluctuations; altcoins will continue to celebrate, just buy on dips.
6: Ripple's stablecoin RLUSD will not be launched today, as it is undergoing final approval with the New York Department of Financial Services, hype will be delayed again, the market is really bullish, and the hype will continue.
7: Trump promised to make the US a cryptocurrency capital, and soon Bitcoin broke through 100k.
8: Meitu Inc. liquidated its Bitcoin and Ethereum holdings, making a profit of approximately $79.63 million.
9: Ethereum Foundation researcher: The golden age of Solana is about to end, and it will not pose a threat to Ethereum. No wonder Solana's performance has been poor lately; I believe it will rise again.
On December 10, Microsoft's Bitcoin investment proposal came out. Currently, Microsoft has 110 billion US dollars of investment funds on hand. Once this proposal is passed, the market will generate huge buying orders. In the face of the bull market, all bearish predictions and bearish technologies are pale. Everyone just needs to hold their favorite coins patiently. Summarize the key points of the afternoon: 1: Internal news NEIRO will be listed on the Korean exchange, China time is 7 o'clock
2: Sun Yuchen sold 20,000 $ETH to HTX 8 hours ago,
3: SAM will hold a 12-day press conference from December 5. Live broadcast will be launched every day, which is good for WLD and ARKM
4: PNUT hinted that it will be listed on coinbase, and the technical level is currently washing the market
5: Trump appointed a supporter of the encryption industry as the next SEC chairman
6: Bitcoin broke the 100,000 mark! A whale that had been dormant for 11 years suddenly moved 24,000 BTC