Bitcoin continues to struggle, gold and silver continue to rise, U.S. stocks are also increasing, looking back at Bitcoin, its performance is poor.
The 4-hour level was unable to hold above 90,000 USD, and it will continue to adjust. The real market trend is expected to arrive in January. Hold spot and wait patiently; there are no other plans besides this.
BTC
BTC is still in the retracement phase, and after the small-level price touched the 90k resistance line, it quickly fell back. The current price has once again retreated to the range position.
From the 4-hour level, a short-term pullback is expected, as an ascending wedge pattern has appeared, and it is also in a high dead cross. Once it breaks below 87k, it is estimated that it will at least test the 85k support level.
Currently, the cost-effectiveness of shorting is not high. There have been multiple pullbacks without breaking the previous low. It is recommended to buy on pullbacks, setting orders around 8.5 for long positions.
ETH
Currently, I view ETH as a small range fluctuation (between 2950 - 3070).
Long entry point: Once the price breaks through the 3070 area, if wanting to go long at 2950, one needs to wait for a rebound closing phenomenon to appear. The stop loss should be set below the 2950 area, and the TP is 3250 - 3450.
Short entry point: After the price breaks below the 2950 area, since 3070 can be seen as a resistance for a rebound, if it breaks the range fluctuation, it should accelerate the decline.
$BEAT
$BEAT has significantly entered an accelerated rising phase on the 4-hour level. It started to correct today. If following the previous scripts of $FOLKS and $LIGHT, this correction is still aimed at deterring long positions, accumulating market short positions. There should be another wave of accelerated rise before a dump.
Recently, a large quantity of $BEAT tokens has been continuously transferred to GATE exchange. Rising phase + concentrated tokens flowing into the exchange = potential selling pressure is accumulating. The hotter the market and the more exaggerated the data, the closer it is to 'liquidation and harvesting'. Don't eat fish tails; the thorns are easy to get stuck in your throat!
AAVE
Stani has been buying $AAVE, currently holding over 12 million dollars. It's uncertain whether this is buying voting rights, but making Aave Labs a major holder is beneficial for aligning interests.
Essentially, it's still treating the symptoms, not the root cause. To fundamentally solve governance issues, the DAO must have the ability to take over projects to form a check and balance with the team; otherwise, it will still be manipulated by the team.
The core issue is really about who holds the actual 'power': the team holds a large amount of tokens. Although, in form, various interests are tied to the tokens, if the team has already developed ulterior motives, there are too many ways to make money. The only solution is that the DAO can take over the project at any time, making the interests rationalized through competition and games.
Now the DAO wants more benefits, but actually does not want Labs to leave, which makes it very passive. Everyone can relate to this situation by placing themselves in the role.
WTF
WTF is a textbook-level hotspot + tool + cluster launch sample, launched at 10:34, the first wave of tools sounded at 10:35, and the density of avatars in the first 3–5 minutes directly maximizes the signal + the cluster is in place at the same time.
The WTF pool and holding structure, with the top ten slightly above 17%, is not that kind of structure easily controlled by a single mouse warehouse. It looks more like multiple smart money simultaneously grabbing positions, resulting in dense overlapping avatars, multiple addresses of similar size entering at the same time. The buy orders are not sweeping the pool; they are taken in batches.
Once the avatars start to thin out and capital movements break, it will no longer be a correction; the story is over.
