校长-1518学院
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$BTC Many friends are asking whether BlackRock continues to accumulate BTC, and whether the recent drop last night, under the expectation of a rate cut in December, has already hit the bottom? Can Bitcoin reach new highs? Is the bull still here?
In fact, the real transition between bulls and bears always happens unexpectedly; people often only realize that a bull or bear market has arrived after it has already started. I’ll share my own views, just to spark discussion, for everyone's reference:
1️⃣ Currently, the Bitcoin market is very weak. Last night it was pulled down by the US stock market, and this morning the highest rebound only reached around 100500, which happens to be near the 15 18 level on the hourly chart, before starting to decline again. The sentiment has not yet recovered, and I think it’s still too early to build long positions at this level.
2️⃣ The historical peak for Bitcoin is around 126000, which has cumulatively broken through 120000 three times, but each time after breaking through, it faced a significant pullback with strong selling pressure, indicating that the area around 120000 is a concentrated selling zone for the big players. Therefore, even if it wants to break through the resistance at 120000, it needs to consolidate sideways for a long time at the bottom to digest most of the chips.
3️⃣ Once a trend is formed, it is difficult to reverse. The rebound at 98888.8 is still strong, but after breaking through 106000, it was quickly brought down by bears. Therefore, I believe that the bears are likely to take this position, and then the price would reasonably drop to around 92000 for further speculation.
I do not recommend betting at this retracement position. Preserve your capital and maintain a wait-and-see attitude. Currently, shorting at high levels is much safer than going long at low levels…#Strategy增持比特币
In fact, the real transition between bulls and bears always happens unexpectedly; people often only realize that a bull or bear market has arrived after it has already started. I’ll share my own views, just to spark discussion, for everyone's reference:
1️⃣ Currently, the Bitcoin market is very weak. Last night it was pulled down by the US stock market, and this morning the highest rebound only reached around 100500, which happens to be near the 15 18 level on the hourly chart, before starting to decline again. The sentiment has not yet recovered, and I think it’s still too early to build long positions at this level.
2️⃣ The historical peak for Bitcoin is around 126000, which has cumulatively broken through 120000 three times, but each time after breaking through, it faced a significant pullback with strong selling pressure, indicating that the area around 120000 is a concentrated selling zone for the big players. Therefore, even if it wants to break through the resistance at 120000, it needs to consolidate sideways for a long time at the bottom to digest most of the chips.
3️⃣ Once a trend is formed, it is difficult to reverse. The rebound at 98888.8 is still strong, but after breaking through 106000, it was quickly brought down by bears. Therefore, I believe that the bears are likely to take this position, and then the price would reasonably drop to around 92000 for further speculation.
I do not recommend betting at this retracement position. Preserve your capital and maintain a wait-and-see attitude. Currently, shorting at high levels is much safer than going long at low levels…#Strategy增持比特币
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
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ETH
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