Three great joys in life: the moment of success in the imperial examination, the wedding night, and meeting an old friend in a foreign land!
For a cryptocurrency trader, nothing is more wonderful than the thrill of holding a full position as the market skyrockets!
Since November 6, the day the U.S. election confirmed Trump's victory, in just 5 days, BTC has surged from 70,000 points to a newly set high of 89,530 points, an increase of 28%, completely crushing the bears! It is just one step away from the 100,000 mark!
In the face of such a violent upward trend in Bitcoin, any analysis and prediction seem pale and meaningless. In multiple articles and live streams before Bitcoin's strong breakout, this account repeatedly predicted the upward direction and provided opportunities to get on board and hold firm:
As the market stands now, one might get the illusion that this bull market is solely a Bitcoin bull market, with Bitcoin soaring while many altcoins remain dormant. The main reason for this situation is that the best way for outside capital to enter the crypto market is through the Bitcoin spot ETF, and every major market rally starts with Bitcoin leading the way. Only after Bitcoin strongly breaks through can other altcoins, including ETH, follow suit. I believe that as Bitcoin continues to set new historical highs, and ETH breaks through the 2800 resistance line, altcoins will eventually experience a major explosion. All we need is a little patience.
Regarding the market, there isn't much to analyze about Bitcoin; its target is the stars and the sea. From the perspective of the Chande theory technical structure, the upward trend will not end until a new 4-hour central level appears, as referenced in previous articles. Of course, once a major turning point signal appears, this account will promptly notify the community.
As for ETH, during last Saturday's live stream, I mentioned that after a strong breakout above the 2800 resistance line, the next pressure range would be 3300 to 3500. Once this hurdle is crossed, it will aim for the 4000 mark and break the historical high. Additionally, Ethereum also has the support of the U.S. spot ETF, making the future promising!
As for other altcoins, apart from some popular speculative coins, most will follow the footsteps of ETH and SOL. Once Ethereum strongly breaks through its historical high, the spring for altcoins will eventually arrive!
The above analysis is for reference only and does not constitute any investment advice!
Friends, if you are interested in the Chande theory and want to obtain free learning materials, watch public live streams, participate in offline training camps, improve your trading skills, build your trading system to achieve stable profit goals, and use Chande theory techniques to time your trades effectively, you can scan the QR code to follow the public account and privately chat to get and add this account on WeChat!
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