If there is someone around you who has made a fortune trading cryptocurrencies, keep your distance from them. Really!
This person has basically stopped being a "human". They have become a refined "essence". They have long seen through the warmth and coldness of human relationships. Today their account has several zeros, tomorrow it has one less zero, and their heart rhythm is completely flat.
You think they are studying candlestick patterns? Wrong. They are studying human nature. They are using their own hard-earned money as fuel, burning their own heart, and battling another version of themselves in the red and green candlestick charts. One is greedy, one is fearful. One wants to "wait a little longer", while the other wants to "run away quickly".
This is clearly a hunger game where you buy a ticket with money and go in to fight against your own human nature. In the end, you realize that your opponent was never some bullshit big player. It is just your own greed, your fear, and your unwillingness to accept defeat.
Investment is essentially an alternative form of marketing.
Engaging with the market is similar to engaging with your customers; first, earn your initial money, then continuously optimize, scale up, and replicate. You must be patient and persistent in refining your approach.
Utilize your advantages and resources to the fullest, rather than constantly searching for new opportunities, which may ultimately lead to accomplishing nothing!
USDT offshore price near 7.06, Binance USDT selling price 6.98 is considered oversold, spot floating loss U has decreased in price, and the distance to break even is further away.
On the Binance Alpha platform, the market popularity of the FIR project has recently shown a significant increase, with trading volume growing notably. The project is positioned as an ecosystem that integrates AI and the music industry, and it has demonstrated a relatively positive development trend. Several collaborative songs within the ecosystem have achieved outstanding market responses; for example, the song 'Cheng Guang Zhu Meng' performed by Kay Tse ranked second on the Tencent Music platform, with cumulative plays exceeding 100 million times, bringing continuous and considerable copyright income to the project. According to the latest information disclosed by the project team, it is predicted that annual revenue from music copyrights may exceed 30 million USD by 2026. Additionally, a new feature called 'Copyright Pledge Pool' is scheduled to be officially launched at the end of December, at which time all participants providing liquidity for FIR-LP will share 50% of the pool's revenue distribution, and the related earnings will be distributed in USDT. Currently, the overall market capitalization of FIR is approximately 6 million USD, still in the early stages of development. Against the backdrop of increased trading volume and the gradual realization of future benefits, combined with its existing market capitalization level, the project may have certain growth potential. Market participants should pay attention to its subsequent developments and cautiously assess related opportunities based on personal judgment. Please note that investing in crypto assets carries high risks, with significant price fluctuations; please make rational decisions and implement proper risk control. #fir
Let's briefly review the situation with Bitcoin. After the 864 short position hit a stop loss yesterday, it is still on a strong upward trend. The reason for this rise is the global second asset management firm GS Vanguard Group opening up the permissions for BTC ETF!
On the market side: a peculiar pattern has emerged at a smaller level. Pay attention to the short-term pressure around 93150. If this level is broken, there is a possibility of testing the pressure around 98k above!
Operation suggestion: wait for the pressure reaction at 91350 before deciding on the direction of operations!
Bitcoin rebounds to $86,000, Ethereum rises to $2800, blockchain concepts plunge across the board!
The Bank of Japan's interest rate hike signal triggered risk-averse sentiment, causing U.S. stocks and cryptocurrencies to retrace last night; Bitcoin once fell below $84,000, and the sell-off in concept stocks like Coinbase and Strategy intensified. Japan's zf government bond yield has surged to its highest level in decades, exacerbating the yen carry trade unwinding, and Bitcoin briefly fell below $84,000 last night. Before the deadline, BTC rebounded and briefly surpassed $87,000, with intense battles between bulls and bears as market sentiment remains extremely fearful.
Other top ten tokens generally followed Bitcoin's trend, with Ethereum just touching $2,800.
A couple of months after Japan raises interest rates, I will prepare to buy the dip in spot trading. The most important amount of capital is just waiting for the biggest opportunity to strike. I don't easily buy spot; when I do buy, it must be close to the lowest point of a major cycle. Just like I won't buy a single doge unless it drops to the range of 0.085-0.046. The price of 0.15-0.10 is too high; the maximum profit in the next bull market will only be 3-4 times, which is not significant.
8:00 Cursing megaeth, 9:00 Cursing infinex, 10:00 Asking zama for an NFT 13:00 Eating a coconut chicken dish like Sun Ge to attract wealth 14:00 Watching Tao Tao Nai 15:00 Watching Yua Misaka 16:00 Gave a thumbs up to 0xsun
18:00 Waking up to eat 19:00 Doing predictions, doing perp, realizing I bought wrong and lost money, so I'm done 23:00 Honor of Kings 24:00 10 consecutive losses, turning off the phone and going to sleep
U.S. stocks will be closed on Friday, and there will be sideways movement over the weekend. Next Monday is the last day of this month, so expect fluctuations. The higher we go, the greater the pressure. BTC 92000-93300 is strong resistance, focus on shorting as we approach this range.
Before breaking 92000, support is at 89200-88800; at least a short long here on a pullback. If it breaks below 88000, this rebound will end, and the next downtrend will begin.
Keep an eye on this position! Dogecoin's trend is strong, and once it breaks through key resistance, it may welcome a new round of takeoff!
The price of Dogecoin against the US dollar is steadily rising above $0.150. Currently, Dogecoin is consolidating and may pull back to $0.1480. DOGE price started to rise again, breaking through $0.1450 and $0.150. The current price is above $0.150 and the 100-hour simple moving average. On the DOGE/USD hourly chart, an upward trendline is forming, with support at $0.1490 (data source: Kraken). If the price stabilizes above $0.1480, it may rise again. The price of Dogecoin maintains its increase.
After stabilizing above $0.1420, Dogecoin started a new round of increases like Bitcoin and Ethereum. Dogecoin broke through the resistance level of $0.150 and entered the upward zone.
Ethereum is gearing up! Holding steady at the key level of $2900, expectations of a rate cut may become the 'rocket fuel' to ignite $3400!
Ethereum (ETH) price remains stable around $2900, with improved macroeconomic sentiment, whales buying back in, and increased ETF inflows, all of which enhance expectations for a rebound to $3400 in the short term. With the likelihood of a Federal Reserve rate cut exceeding 80%, traders are preparing for a potential shift in risk appetite, which could benefit major cryptocurrencies, particularly Ethereum (ETH).
Federal Reserve policy shift expectations and institutional demand boost Ethereum In recent weeks, Ethereum's trading price has fluctuated between $2700 and $3300, but new catalysts are helping the asset stabilize above $2900.
Bitcoin and Ethereum show initial signs of stopping the decline, or is it a precursor to a second bottom test?
In the last 24 hours, a total of 96,438 people globally have been liquidated, with a total liquidation amount of $294 million! Last night, Bitcoin and Ethereum plummeted rapidly at the North American opening, seizing liquidity, and continued to look for opportunities to long on pullbacks during the day. When space opens up, reduce the bottom position, otherwise, just hold it. As long as the right-side trend has not broken, just keep doing this. This does not indicate a reversal, but this operation is the most in line with the current short to medium-term operations!
BTC
BTC opened this morning with a long lower shadow and a bearish candle. Both the bottom and top of the market are rising, with intraday oscillations moving upward. BTC is within a converging symmetrical triangle; breaking through the trend line is an opportunity to go long, and a pullback to the lower trend line is also a long opportunity;
Dogecoin ETF just launched on the New York Stock Exchange! Can the $10 dream become a reality? The answer is here!
After years of speculation, the first Dogecoin spot ETF has finally emerged — the market has already begun to react. DOGE rose 2.2% after its launch, and Wall Street's increasing demand for cryptocurrencies has heightened expectations for a rise in Dogecoin prices. Grayscale seized the opportunity, listing its fund ahead of competitors. Although REX-Osprey recently launched a Dogecoin ETP, this marks the first pure spot Dogecoin trading tool to be available in the U.S. market.
In addition to this new fund, Bitwise is also preparing to launch a Dogecoin ETF this week. With the end of the U.S. government shutdown, a large number of financial instruments linked to altcoins seem to be about to go live for trading.
The Last Chance to Board? Bitcoin and Ethereum Have Completed Their Bottoming, This Week May Be a Key Week!
In the last 24 hours, a total of 118,369 people globally were liquidated, with a total liquidation amount of $356 million! Bitcoin and Ethereum have rebounded as expected, continuing to reach new highs since the weekend. After last night's surge, the market's upward trend is clearly evident, so hold onto your positions tightly and do not recklessly exit entirely. Just keep buying on dips and go long!
BTC
On Monday, MSTR rose by 5.01%, BTC broke through 88,000 and pushed up another 1,000 points. Last night, a transaction of 173 million USD was made, and today a transaction of 50 million USD was made, with short-term buying pressure stronger than selling pressure.
Powell's good friend and the Fed's mouthpiece Nick has finally begun to hint at a rate cut in December. Since yesterday, the CME December rate cut probability has risen to over 80%. The overall performance of the US stock market is good, but Bitcoin remains weak. If it cannot rebound above the bull-bear line before the FOMC on December 10 and cannot stabilize above 100,000, it will remain in a bear market.
The founder of MicroStrategy Strategy, recently acknowledged that the mainstream stock index publisher MSCI is considering removing their stocks from its stock index.
However, he believes that the recent decline in their own MSTR stock has already reflected the market's anticipation of these fears, and he considers the claim by JPMorgan that $2.8 billion will soon be withdrawn from MSTR stock to be alarmist.
However, there will be some capital outflow, but not that much.
As a swing trader, I provide everyone with an idea that can help not only in judging whether we are truly entering a bear market but also in helping you to break free from deep losses on long positions;
Taking the current market situation as an example: the market has stopped falling, and it is currently moving in a range of fluctuations. The upper limit of the fluctuation is not yet determined, but I expect it will likely fall between 88-92. The lower limit of the fluctuations has been confirmed, which is around the previous low of 80. There may be a false breakdown to 79 or 78, but it must quickly recover;
So even if you are deeply trapped, as long as your actual leverage is not high, or you have margin outside the market that allows you to reduce your leverage, then you can try to buy long around 80, but this portion of the position needs to have a stop-loss;
If it ultimately does not break down, then in a wave of fluctuating market, you can at least take advantage of 3 rebounds. Each rebound can yield at least 5000 points, totaling 15000 points over 3 rebounds. Therefore, even if your original position cost is above 100,000, in the upcoming period of fluctuating consolidation, even if we do enter a bear market, it will actually be quite easy for you to break free from losses;
After a period of fluctuating consolidation, which could be as short as one month or as long as 3 months or even half a year, observe the final breakout direction to see if it is upwards or downwards. If it continues downwards, then without a doubt, it is a bear market; if it goes upwards, then we temporarily do not consider a bear market;
Solana (SOL) rebound momentum is weak, is it a 'false move' or the last squat before 'takeoff'?
Solana's stock price began to rebound above $125. Currently, the SOL price is consolidating and facing resistance near $135. The SOL price against the USD started to show a nice rebound above $125 and $128. The current price is above $130 and also above the 100-hour simple moving average. A rising trend line is forming on the hourly chart of the SOL/USD currency pair, with support at $130 (data source: Kraken). If it breaks above $135 and $140, the price may continue to rise. Solana Price aims for recovery.
Solana price remains stable, starting a nice rebound above $125, similar to Bitcoin and Ethereum. SOL even broke through the $130 mark at one point.