Old Cui says about coins: The evening star appears, the final dance of the coin circle?

CN
11 days ago

The world is bustling, all for profit; the world is bustling, all for profit to go! Hello everyone, I am your friend Lao Cui talking about coins, focusing on digital currency market analysis, striving to convey the most valuable market information to the vast number of coin friends. Welcome everyone's attention and likes, and refuse any market smoke bombs.

Yesterday's trend was very straightforward as I mentioned to everyone. Today, let's take a comprehensive look at the potential high points of Bitcoin in the future, as many institutions have provided their predictions. Some predict 100,000 or even 125,000; each prediction has its own merits and sounds very convincing, even with solid evidence. Today, Lao Cui will not make predictions but will merely speculate from other aspects on how high the upper space might be. For the entire day yesterday, the long and short positions in Bitcoin were clearly dominated by bears. Many friends still cling to the idea of shorting at high positions, seemingly believing that every wave of the market should have a pullback after a rise. This kind of thinking is indeed useful in the stock market and often leads to profits. Everyone must pay attention to position management; many friends have made multiple profits, but one loss can outweigh them all. Lao Cui always interprets everyone's actions from the perspective of the market makers, which has caused dissatisfaction among many coin friends. This is unavoidable; only by understanding the actions of the market makers can one grasp their mindset.

Every coin friend entering the crypto space, Lao Cui always emphasizes the risks. Only after profits can we talk about profit distribution; reasonable planning is the correct investment route. Too many coin friends, due to a wave of profits or losses, become dizzy and think that the crypto space is too difficult or too simple, never reflecting on their own issues. The current crypto space also belongs to the investment market, and the speculative nature is gradually dissipating after listing. Coupled with the recent interest rate cuts, Bitcoin has risen perfectly overnight. Lower interest rates mean more capital will choose this market. Whether this will allow capital to enter this market remains to be seen. Especially in this round, the pull has been very strong; the initial capital input has already done its best. Everyone should be clear that the current crypto space is already at a historical high. Although the returns brought by the interest rate cuts may be delayed over time, they are ultimately beneficial. Lao Cui is starting to feel a bit worried about this trend, especially regarding the investments from the giants, which makes Lao Cui quite anxious. Users holding spot Bitcoin should prepare to reduce their positions. At 2200 for Ethereum, compared to most investors, we may consider it a low point, but we still need to closely monitor the decisions of the giants.

Bitcoin stands out alone; currently, Bitcoin accounts for half of the entire cryptocurrency market value, reaching 1.5 trillion. Is this really a good thing for the crypto space? At the peak of the cryptocurrency market, it could be said that a hundred flowers bloom, but the current dominance raises doubts for Lao Cui. Ethereum, which never backs down during the bull market, has not performed up to par in this round of the bull market to deserve its second-place status. As I discussed yesterday, the current crypto space, whether from a political or market perspective, has unique advantages. The biggest problem, which is also obvious, is the lack of interest from large capital, which is very fatal. To put it bluntly, if Ethereum had not been supported before its listing, the pullback could have gone as deep as 1500. Since the path of listing has been chosen, efforts should be made to improve Ethereum's ecosystem rather than just harvesting after listing. This attitude has shown clear problems. The root of the issue lies with the founding team. Ethereum is not worth large investments unless the founding team starts optimizing its issues. Before that, everyone should observe more before deciding whether to invest.

Bitcoin's strong rise may not be a good thing for the crypto space. The inauguration of a president can lead to such a significant rise in Bitcoin's market value and space, while interest rate cuts only result in a rise of a thousand points. Although it has reached a historically high level and is still expected to continue breaking previous highs, there are still people wanting to short it at this stage, which is a complete insult to Bitcoin. Blindly bullish, the drawbacks are obvious, but blindly bearish is utterly foolish. This year, Bitcoin's high point is already visible to the naked eye, and the last wave of good news is the interest rate cut in December. After that, it will be exceptionally difficult to have good news like this year again. The listing, combined with presidential support and historical-level interest rate cuts, all push Bitcoin forward. Our Ethereum is the same, but why are the performances of these two completely different? It can be said that Bitcoin at this stage is likely the final dance at a historical level. The largest holders are the Americans and us; currently, neither has chosen to act on Bitcoin. However, once a situation of mutual dominance forms, it completely deviates from the original intention of the crypto space. Although it promotes decentralization, it eventually forms a center. Why is this so? This is worth everyone's contemplation.

Lao Cui is not pessimistic about the crypto market but hopes to raise awareness at high levels through this article. I have been telling everyone that missing out on current profits is equivalent to losses. However, many coin friends still make mistakes when facing fateful choices. Changing classes is everyone's dream, but why does everyone let every opportunity slip away? Once the crypto space becomes legal and compliant, it means that if you want to change the status quo, everyone loses another track. History tells us that class solidification has always been a historical legacy issue; every era faces such choices. The opportunity has been given to everyone; Bitcoin has nearly doubled this year from the lowest point of 38,545 to 76,900. How much profit have you all made? A popular saying in the circle is that Bitcoin is worthy of any investor. Lao Cui also wants to ask back: do you deserve Bitcoin's growth? Is the problem in the market or within yourselves? This can be considered two questions and is worth everyone's calm reflection.

Lao Cui summarizes: The current round of growth in the crypto space is still ongoing, especially after the interest rate cut in December, there may be another opportunity to get on board. The subsequent growth of altcoins is also worth watching. The delay of interest rate cuts may last for half a year, which is worth everyone's investment. How to invest capital is a question everyone faces. Whether you trust or distrust it, the Bitcoin market has always been here. After this round of the bull market, it will be difficult to encounter such clear growth trends again. It is still early to shout slogans now. At this stage, saying Bitcoin will break the 80,000 high point is not particularly attractive. Even breaking 100,000 is within a normal range. Everyone should discard the fixation on high points and treat it as belonging to the bull market phase. The lack of pullbacks after a rise has already proven that the current crypto space is in a bull market phase. Everyone can think about how to enter the market. If you can't grasp the direction and entry points, you can directly ask Lao Cui. Lao Cui is also very straightforward; if you hold spot Ethereum, consider switching to Bitcoin or SOL or other coins. There are currently no plans to exit spot Bitcoin, and Lao Cui will notify everyone of any changes. As for contracts, go long after a pullback. The direction of change depends on whether there can be a deep pullback from mid-month to before the December interest rate cut. This node is the key point where reversals are most likely to occur. As long as there is no reversal in the next half month, everyone can confidently go long. The profit from Bitcoin contracts must reach over 1,000 points each time; a few hundred in profit is not enough for you to take a gamble! Finally, I leave you with a question: does yesterday's doji star look like a evening star?

Original creation by WeChat Official Account: Lao Cui Talks About Coins. For assistance, please contact directly.

Lao Cui's message: Investing is like playing chess; a master can see five, seven, or even ten steps ahead, while a novice can only see two or three steps. The master considers the overall situation and strategizes, not focusing on one piece or one area, aiming for the ultimate victory. The novice, however, fights for every inch, frequently switching between long and short positions, only competing for short-term gains, resulting in frequent entrapment.

This material is for learning reference only and does not constitute trading advice. Trading based on this is at your own risk!

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