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Let's talk about the bear market structure and the bear market bottom
The bear market is long and brutal, with previous rounds of bear markets having a downward trend that lasted for a year or more. It has only been a little over two months since the current decline, and there is still a long way to go before reaching the bear market bottom.
From the perspective of wave theory, the bear market downward trend is typically an A-B-C three-wave structure. Currently, the A wave may not have completed yet, and it is highly likely that the A wave will not break the mid-term support level of 74,500; After the completion of the A wave, there will be a B wave rebound, with the target for the B wave rebound near the annual line; After the completion of the B wave rebound, the C wave downward will continue. The C wave is likely to break the mid-term support level and test the support level of the fourth large wave bottom of the bull market.
Therefore, the bear market bottom for Bitcoin may be around 55,000, or even lower.
In the future, I will use my own proposed second-order rate of change model to calculate a more accurate bear market bottom.
Last July, I predicted the top of this round of Bitcoin bull market based on the second-order rate of change model, with only a 1% error (predicted value 124944±3000, actual value 126200). #比特币流动性
The inflow of funds into gold ETFs has been surpassed by Bitcoin ETFs, while the market cap of Bitcoin is much lower than that of gold. However, this year the increase in gold has far outpaced BTC.
The core reason should be that there are too many profit-taking players in Bitcoin, and most of the old crypto OGs believe in the four-year cycle theory, so they tend to sell when the time is right. #比特币流动性
Did not continue painting the door smashing plate last night, so I opened more positions again, still with light positions and low multiples, currently just a rebound after a four-hour period of decline, preparing to take a short long position. #比特币流动性
Many people are saying that today Japan's interest rate hike has landed, and they are waiting for a sharp drop to buy the dip. According to the characteristics of past interest rate hikes in Japan, there generally won't be a big spike or super drop on the same day; instead, it will happen slowly over several days because Japan's peak is lagged. Next week is the key. If you are thinking about buying the dip today, you might fall into a deep pit, and this market situation is not something that can be resolved in one go. It doesn't mean that after a big spike, it will just keep rebounding for several weeks; it might be a quick spike on the same day, a quick close, and then slowly drop to the lowest point of the spike, and then slowly rebound again, running for about three to four weeks.
As for today, the short-term rhythm is the same as yesterday's, rebound during the day to short at high points, wait for a drop at night to take profit. Short positions with cost advantages can take profit in parts each time, and add positions when it rebounds…#加密市场观察
$SOL Level 120 will be very important Weekly breakdown = The view of a rebound is falsified, and it will continue to drop to around 80 Support = There is still a possibility of a rebound to 150 #sol
The Bank of Japan confirmed a 25 basis point interest rate hike, but the implications of the yen's interest rate increase have not fully settled yet. The focus will be on the speech by Bank of Japan Governor Kishida Fumio at 14:30 later.
In this speech, the market will be paying attention to how much room there is for future yen interest rate hikes and what the pace of these hikes will be. Additionally, in conjunction with the pace of U.S. interest rate cuts, this will gradually bring marginal effects on market liquidity and market exits.
Currently, in the financial markets, risk markets are not very volatile because the interest rate hike has been anticipated in advance. The main impact at present is on the money market and bond market, while the upcoming speech is expected to have a significant impact on the risk markets.
As a reminder, today features both the yen interest rate hike and the four witches day for U.S. stocks, so extra caution is needed. There are not many effective trading days next week, and it is uncertain whether the weakening trading sentiment brought by Christmas will affect this week in advance! #比特币流动性
Just as expected, Japan raised interest rates by 25 basis points, and Bitcoin rebounded slightly after all negative factors were priced in. This week's three major elements have all been fulfilled, and the big coin also successfully drew three Christmas trees #ETH走势分析
When everyone thinks that Japan's interest rate hike is a significant negative factor and is unanimously bearish, When everyone believes that the current bear market has reached a consensus and is frantically shorting,
I believe that when the Japanese interest rate hike hammer falls and the negative factors are exhausted, it may be the beginning of a strong rebound in Bitcoin prices.
Bear markets often see surges, while bull markets often see drops. So, this afternoon or evening, if BTC rebounds, where will the target price be? 98,500? We can only wait and see. #加息预期