After hitting a new high of 93,905 in the evening, Bitcoin retraced. The high-level consolidation has been prolonged. The overall direction remains bullish, but short-term operations will become increasingly difficult. My personal suggestion is to reduce the frequency of trades and observe more while acting less. This bull market is characterized by a volatile and complex structure, but such a trend can lead Bitcoin to higher levels of 150,000 to 200,000. However, the process will not allow everyone to profit like in the previous two bull markets.
The next four years will be the best yet most complex years for BTC!!!
Trump is back in the White House; this is the best four years for Crypto, and we must seize the opportunity!
This bull market is an institutional bull market, a bull market for ETFs, with BTC and ETH (SOL, XRP, LTC have not yet passed) in the first tier.
The trend of this bull market is volatile and structurally complex; BTC is increasingly resembling American market trends, with a long and slow bull market…
Altcoins are experiencing a bifurcation; the strong get stronger, and the weak get weaker. Choosing coins is a necessary skill.
For retail newcomers, hoarding BTC and also converting profits from altcoins into BTC for long-term holding is advisable. Swing traders will be tested on their skills and patience…
Bitcoin
After hitting a new high of 93,905 in the evening, it retraced, and the overall trend remains a high-level consolidation. The K-line briefly pierced the previous high before facing pressure, consistent with our mid-November predictions. The lows are continuously rising, and the highs are consistently breaking through, but it keeps falling back into the consolidation range.
As long as the 4-hour rising support line is not broken, we continue to expect consolidation. Even if it breaks, it will still oscillate within the range of 85,000 to 95,000. This kind of crazy up-and-down movement in the short term is generally a washout rather than a trend reversal.
Support: Pressure:
Ethereum
Ethereum's daily line has retraced to the Fibonacci 0.382 area, which is a weak correction, but the market continues to oscillate within a narrow range of 3,000 to 3,220. If it breaks below 3,000, it will enter wave C, reaching 2,778 to 2,860, which is where we can consider adding positions for the medium term. For now, staying close to 3,000 without breaking is also a short-term entry opportunity, with the precaution of not falling below 3,000.
Support: Pressure:
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This article is time-sensitive and for reference only; it will be updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Public account: Trading Prince Fusu
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