How to determine support level buy points for Bitcoin?
Core methods for finding support levels The following are several commonly used methods to determine Bitcoin support levels: 1. Historical lows/multiple touchpoints Look for points on the price chart where lows occur multiple times. When the price reaches a certain level and stops falling, then rebounds, that level is a potential support level. The more times it has been touched, the stronger the support level usually is. • Bottom (trough): Connect the most recent or significant lows on the chart; the area formed by these lows is key support. 2. Trendlines In an uptrend, connect consecutive higher lows to form an upward trendline. This trendline often serves as dynamic support when prices pull back.
There are no permanent winners; the tuition that should be paid will not be less by a penny. If you don't set stop losses, don't conduct a full analysis, are blindly confident, and do not respect market rules, getting the rhythm of the market wrong will definitely get you punished.
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BlackRock descends from the sky in a regulated suit with a brand new, shiny, staked ETF. "Here you go, brave institutions, taste the enchanted Ether!" and Wall Street applauds: “We're all going to enjoy this!"
ETH makes a little leap: +3.3% elegance, it raises its digital glass: "To our new romance!" While $BTC , not jealous, dances confidently and climbs, mustache in the wind in a wild atmosphere.
The Fed, behind, whispers: "Maybe we'll cut rates…", traders hear “gift!” and launch ho-ho-ho! A scent of Christmas rally floats in the cryptos like soft, high-falling token flakes.
As the markets soar, stress becomes dust. We see charts doing the caterpillar, candlesticks in light. And BlackRock, proudly exclaims: "We're not here to joke around!" while Ethereum murmurs: "Just one more little hit for pleasure…" 🥂
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Family, the Binance Alpha airdrop calendar has been completely empty for the past two days, with no activity at all, and a total of zero airdrops over the weekend; this situation is quite rare! Many people are starting to panic, worried that Alpha is done for! Let’s talk about my views on how the market will develop.
🌟|Current Situation Observation: 1. Today is December 8, and I originally held out a bit of hope to see if there would be a sudden surprise airdrop, but as of now, there’s nothing at all. Two days of just staring blankly over the weekend, this has hardly ever happened before. What Sister said in her previous message is correct; even if there is a need for upgrades or transformations, it shouldn't just stop abruptly; there should be a buffer period to allow everyone to adjust gradually, or else no one will feel secure.
2. Let’s calmly analyze the current situation: what everyone fears the most is that Alpha suddenly finishes. But to be honest, the core logic of the Alpha sector is very simple: many projects lack the strength to directly approach Binance spot trading, so they want to leverage Binance’s traffic and liquidity, thus giving out some chips to us users. This model has actually been quite stable up to now; I believe the lack of airdrops in the short term isn’t mainly Binance’s fault, but rather the project party doesn’t want to rush to launch at this point.
3. With the market fluctuating like this, no one wants to crash right after launching. I agree with Sister's suggestion for transformation. The overall market hasn’t been very strong for the past two months, and everyone playing Alpha hasn’t made money; Binance is continually distributing tokens but is also being criticized, which is quite unfair. The model itself isn’t flawed; it’s just that the market conditions are dragging it down. Once the bull market kicks in, project parties will rush in, and Alpha will definitely become lively again, bursting with vitality is not a problem.
🌟|Experience Sharing: Personally, I still stick to the old strategy, continuously hitting the 16500 level just to seize that opportunity. Everyone should also act according to their own capital and risk tolerance, and not follow blindly. The number of active users in Alpha has dropped to over 200,000, basically hitting the bottom. Most retail investors have left, knowing that places where money can be made won’t easily drop gold; during the washout phase, we need to hold on a bit longer. Everyone should pay attention to controlling risks and avoid going all in. In any case, don’t panic; Alpha will naturally come back when the market conditions improve. What do you think? Share your thoughts in the comments; did you score any points over the weekend without an airdrop?