With the change in the market share of USDT and Bitcoin, the cryptocurrency investment strategy needs to be adjusted flexibly.
Recently, the weekly market share of USDT has shown lower shadows, and Bitcoin fluctuates in a range, suggesting that the decline of some cryptocurrencies has exceeded Bitcoin.
When Bitcoin fluctuates at a high level, the market share of USDT rises, showing a "blood-sucking" effect, helping Bitcoin to reach a new high at a small level.
Although the market share of USDT fluctuates, the price has exceeded the high point at the beginning of the year. Behind this is a large number of altcoins, value coins and VC coins that follow the decline but not the rise, providing blood transfusion for Bitcoin.
At present, the dominance of Bitcoin is on the rise, and the blood-sucking effect continues. It is expected that the 60% dominance of Bitcoin is expected to rise to 70% when USDT fluctuates or rebounds.
Bitcoin is entering a new realm of price exploration, with all circulating supply now profitable.
Historical data reveals an interesting phenomenon: in similar high-profit phases, the market tends to see an adjustment after about 22 days.
Bitcoin has now maintained a high profit ratio of over 95% for 12 consecutive days. This strong performance not only reflects the extreme optimism of market sentiment, but also signals possible future adjustments based on past patterns.
As the price of bitcoin futures rises, the futures market has become an indispensable part of the overall bitcoin market, and its active trading continues to inject momentum into the market.
Although short liquidity is still the main opponent, the strong market demand far exceeds the selling, and the continuous increase in short positions has jointly pushed prices up sharply, causing many short sellers to suffer heavy losses.
The current market trend is difficult to predict the timing of the callback, and the bull market characteristics are still manifested as slow rises and sharp falls.
82000 has not yet arrived, my personal suggestion is for those fully invested to choose opportunities to gradually exit. 82000, 83600, 84800 are the three key points. So do not be fully invested. For those who are fully invested, take profits in stages by selling the weaker positions and holding the stronger ones. Being fully invested forever leads to endless emotional turmoil.
Respect the market; reaching a peak is not impossible, so do not be absolute, do not be fully invested! The financial market is risky.
Many people overlook risks when they see prices rising. If a black swan event occurs, the market could drop by more than 70%, and those fully invested would be in real trouble. With half a position, one can still recover, but what about those fully invested? I'm not trying to scare everyone during a major market movement; anything can happen in the market, and the risks often outweigh the profits. If you are fully invested, leave yourself a brake; if you have half a position, you don't need to brake. You must think carefully before buying; if this thing goes to zero, can I afford it? It must be something you can afford!
The cryptocurrency market is a financial market that currently has over 600 million participants worldwide. Compared to many traditional fields, it is absolutely fair and just. However, before we can achieve results based on fairness and justice, we must consider that the outcome is determined by each individual's own understanding and abilities.
It is not enough to rely solely on hearsay, courage, the desire to make money, the wish to resolve personal difficulties, the hope of making a small fortune, or the ambition to get rich quickly, among other assumptions. Don’t think that anyone can profit just by entering the cryptocurrency market; without experience, you cannot make a fair judgment!
The righteous path in life is filled with hardships, while shortcuts may seem easy but do not last long; reflect on this deeply!
Bitcoin has been strong for four consecutive days, so there probably won't be a major shakeout. This wave is waiting for BTC to rise to 80000, 82000, and around 83600, currently altcoins are following behind. After Bitcoin finishes rising, when there is a thousand-dollar-level correction, altcoins can gradually enter, waiting for BTC to reach 100000.
Right now, the market is tense, and shakeouts scare retail investors away; if there is to be a shakeout, it should be when people are relaxed. There is no need to fear shakeouts with the overall trend moving upwards. If the weekly candle closes well and maintains strength, then it could break 80000 and go to 82000 next week. The daily chart has shown a divergence in volume and price, and a pullback action may happen at any time. As long as the price does not break the daily MA7, we will continue to be bullish.
No matter how high-quality the investment target is, the timing of entry, the timing of exit, position management, asset allocation, risk control, trading strategies, and so on are the key factors that determine the final success or failure.
In the cryptocurrency world, there are countless pieces of information, and what we need is to enhance our discernment ability to distinguish the truly useful information that can help us make decisions, but this discernment is extremely lacking among retail investors.
Regarding news, retail investors are easily blinded by cleverly designed traps set by major players, leading to subjective errors in judgment. This is something that each of us needs to pay attention to; before making any decision, we must think twice.
There are many opportunities in the cryptocurrency world, but the premise is that we must control our own greed, operate within our capabilities, within our understanding, and within our professional skills, and earn what we can comprehend.
During the FOMC meeting, the market showed positive signals, clearing pressure was effectively relieved and absorbed upwards.
Given that the price of Bitcoin has remained stable in the range of $77,000 to $77,500 over the past 16 hours, liquidity in this area has significantly increased.
This market dynamic suggests that this price range may become a new breakout point, and we can expect to witness a new round of price surges. Seize potential opportunities and embrace possible upward trends in the market.
The probability of a 25 basis point rate cut is highly predicted, as data analysis shows that inflation, unemployment and economic stability all point to the need for a rate cut.
If this happens, it will be good for the bitcoin market and increase risk appetite, even though the dot plot will only be released in December.
In addition, Bao's speech at 3:30 is also critical. The transfer of power after Trump's election may bring him pressure, and the media may raise sharp questions.
Although the election factor exists, data is still the core of decision-making.
The AAVE200 bull market is definitely unstoppable! Time is a free money printer on the road to a bull market! What is 'return'? It is certainly about recovering the principal first, and then the rewards! Especially for large funds, it is impossible to ensure that the principal is completely safe, so how can we talk about profits? Stability leads to long-term success, which is the essence of investment!
People can never predict the value of a moment until that moment becomes a memory.
Judging from the current disk, the MACD indicator shows that the power of the bulls has increased significantly and the golden cross pattern has been successfully constructed.
On the four-hour chart, a strong positive line suddenly appears in front of us, with the bottom area close to the MA7 moving average. At the same time, MACD also showed bullish increments and golden crosses during this period, further confirming the upward potential.
In the short term, the market is expected to maintain a moderate upward trend, gradually explore new highs, and the market fluctuation range is expected to expand.
In this slow bull market, it is when patience is tested that it becomes a wise choice to enter the market with a timely pullback.
Currently, there is a strong call for Republican presidential candidate Trump to be elected president, and his support rate is slightly leading over Democratic presidential candidate Harris. As for who will win, I personally believe Trump has a higher probability, but given the current situation in the U.S., anything could happen until the final results are announced.
Although Trump's election may be more favorable for the cryptocurrency market, that is not the main point. The key is that a trend has already formed; who gets elected is not important. What matters is that regardless of who is in power, the subsequent market will usher in a bull market. This is a natural law that does not shift based on individuals or a particular country.
With this year's Bitcoin halving, the approval of Bitcoin spot ETFs, the beginning of a rate-cutting cycle, significant capital movement, and an increasing number of countries, institutions, and participants globally. A bull market is sure to come; it’s just that the market is more complex now. What has changed are these external appearances, but the essence has never changed. If we cannot personally understand and grasp this, we will definitely follow the crowd, being swayed by market sentiment.
The market cannot deceive us; it is built on real money. We must look beyond these appearances to see the essence of things, and then naturally, we will have clarity and remain calm. No matter who is elected, whether the news is bad or good, it will only temporarily affect the market's fluctuations, but it cannot block or change the upcoming major bull market.
The technical indicators show that the 4-hour level has broken the upward trend line, with bullish forces significantly retreating and market sentiment continuing to decline. In the face of market changes, flexibility in response is key; blindly following the trend is certainly not a good strategy.
Previously, market enthusiasm supported bullish expectations, but now that support has been broken, it is necessary to adjust strategies in accordance with sentiment, otherwise there will be a heavy blow. Although Musk's tweets have boosted morale, the market's response has been lukewarm, making short-term operations more challenging.
The US stock market and global financial markets are in a decision-making period, with high risks of chasing highs and cutting losses.
Making money has never been a simple matter, especially in the financial markets where achieving long-term stable and continuous profits becomes even more challenging. Those who think that making money in the cryptocurrency market during a bull market is easy either have misconceptions or ulterior motives.
Trading, in essence, should be a smooth process. One should prepare thoroughly before entering the market, integrate knowledge and action during the trading process, and reflect, summarize, and improve after the trade. All tasks should be prioritized and carefully considered, anticipating all bad outcomes and the results one can least bear. If a low-probability event or a black swan actually occurs, one must question whether they have the ability to bear the risk and whether they are psychologically prepared and have realistic expectations for the worst outcomes.
One's own causality is something others can never intervene in; only oneself can navigate their own path. Without experiencing life, one cannot grow; without growth, how can one talk about success?
Market conditions are changing rapidly, and the fluctuations of Bitcoin stir people's emotions. If it rises by 10%, short sellers evaporate instantly by 1.7 billion; if it falls by 10%, the long camp loses 3.2 billion.
The US elections have become a hot topic, but the truth may not be that complicated. Trump's statements are unpredictable, making his influence on the cryptocurrency market hard to gauge; his attitude is essentially ambiguous.
Moreover, behind Sister Harry is the support of Jewish capital, and since the Democratic Party has previously helped Bitcoin and Ethereum ETFs pass, even if she wins, the market may be able to transition smoothly without excessive worry.
From the current market, although the market may have a correction in the short term, the adjustment is expected to be limited.
The daily chart experienced a large negative line correction and quickly recovered the lost ground with a large positive line. The attached indicator is re-building a bullish pattern.
At present, the 4-hour chart has touched the middle track. Once it successfully stands firm, it is expected to challenge the previous high range of 73500-74000 again.
From a technical point of view, the market still has a rebound demand, and the conditions for short selling are not yet mature.
Tonight at 20:30, the United States will release two major economic data points: the unemployment rate for October and the seasonally adjusted non-farm payrolls.
The expected unemployment rate and the previous value are both 4.1%. If the announced value is higher than expected, it will be favorable for the crypto market; the expected value for non-farm payrolls is 11.3, while the previous value is 25.4. A published value lower than expected is also favorable for crypto.
During the data release, market volatility may increase, so it is advisable to operate cautiously. If the non-farm data does not present significant negative news, BTC is expected to continue rising. Furthermore, this data will impact the Federal Reserve's interest rate cut decisions, and it is worth paying close attention to.
Today's Dragon One is undoubtedly RIPETH, capturing a market value of 130,000, peaking at 16 million market value, lasting an hour and a half!
There are a hundred ways to live life. No matter how good other people's stories are, you can't become the protagonist. What kind of life do you want to live? Decide for yourself, create your own life.
All-day volume contraction and obvious cautious attitude of funds, waiting for tonight's news before choosing to make drastic fluctuations. Pay attention to volatility after 8:30 PM.
When BTC is sideways, other B types retreat more noticeably. Support around 70000 and 710000.
It has stabilized above 70000 for 3 days, giving a sense of pushing towards 80000. But still, we need to take it step by step.
If the closing this month is above 68500, the market will be relatively strong.
During the second half of the BTC bull market from 2024 to 2025, the enthusiasm remains high.
The chart above intuitively displays the price trend of BTC, while the bottom carefully marks the number of BTC on-chain short-term holders (those who have traded in the last 155 days).
These two key indicators run in parallel to accurately capture market dynamics and gain insights into BTC's value direction, helping you seize investment opportunities.