Trump returns as a king, Bitcoin hits a new high, soaring to $75,000 on the same day. The legend continues this morning, climbing further, reaching as high as $76,000.
Bitcoin's new high has truly arrived, this time taking the bait, if caught, you can make it ashore!
The pond owner released fish, will there continue to be more fish released next? The answer is certain: as more and more people slowly start fishing, as the host, you should now find a good spot (select the right currency), take out your ancestral fishing rod, bring out your golden stool (wait patiently), hang your bait (initial investment), and start fishing.
In November's market, with the starting point chosen by the heavens, following the news of Trump's victory being confirmed, the market directly witnessed the most fierce surge in almost half a year, will there be no longer 65,000 or 40,000 bitcoins left? The bitcoins starting with 60,000 still have a chance, but not at this moment. This pie continues the once-every-four-years bull market pattern, following historical patterns, Bitcoin will have a short sprint to 80,000, reaching a range from $83,000 to $85,000. Today's market, from the candlestick perspective, Bitcoin appears to be on the rise on the hourly level, with upward trends on the 4-hour, 12-hour, and daily levels within the day.Support level.77000,Resistance$73,800.
With a sharp rise across the board, how should we interpret the market next?
Haha, Sister Ha is no longer smiling, and the bears are also crying. After experiencing an 8-month correction, the market has finally reached a new high. Many people may have lost confidence, with a good number being washed out early.
So is the next stage a new bull market or have we already reached the peak? Without a doubt, it's not possible to reach the peak now. I personally believe it's a new phase. Following this momentum, there will be two interest rate cuts this year, and it is very likely to reach 85,000 before the end of the year (two interest rate cuts in two months and then a further increase of $10,000 is still very possible). Also, looking at historical cycles, after a major drop, it usually starts a steady upward trend around six months later. However, it doesn't mean that bulls will always make profits. Why is that? Everyone has different approaches and perceptions, and with more institutional investors continuously entering the market, individual investors like us may face more challenges. In the financial market, you should learn to walk before you can run. If you don't understand strategies or techniques, you can message me privately, as there's always something to learn.
So, is it finally time for the altcoin season that everyone has been waiting for two years?
1. Today, ETH broke through the 2820 support level, and the DEFI sector also saw a comprehensive increase, with funds flowing from BTC to ETH. BTC.D plummeted.
2. eth/btc is starting to stabilize, which marks a significant trend change. It could signal the end of the three-year exchange rate decline, ushering in a period of overall ETH strength.
3. The market's focus has shifted from inscriptions to MEME, and we are now entering the DEFI era.
Since ETH has broken through 2820, do not look bearish on the market anymore. You can buy some ETH (of course, there is still the possibility of a false breakout). If the weekly candlestick closing entity still breaks through, then go all in with ETH and defi.
Many people have a biased understanding of the ETH market. I bought ETH near 2436.
Having such profits is very good.
Some people are afraid to buy the dip when it falls, sell off as soon as it rises a bit, and then regret not being able to get in on the gains. After selling, they want to chase higher prices, this is truly the mindset of being taken advantage of! Retailer mentality!
After bitcoin breaks through a new high, all altcoins will take off, as I mentioned before.
Yesterday, all altcoins were rallying. If you are not trading contracts and have not been liquidated, then more or less you are making money. The next two months will be what we call a frenzy, so make sure to cherish it.