I, a commoner, have been farming in Nanyang, seeking only to preserve my life in the chaotic market, not aspiring to be known among the nobles, but striving to be true to my heart. I am very fond of a quote by Robert T. Kiyosaki, "The love of money is the root of all evil, and poverty is the root of all evil." I believe that everyone in the coin circle is there to profit. I hope that in the days to come, my market analysis can help everyone reap substantial gains in the coin circle. The sea of learning is boundless, knowledge knows no bounds. Continuously increasing one's knowledge and combining it with one's own trading habits is the only way to survive and achieve one's ambitions in the coin circle.

First, let's analyze the recent market trends of Bitcoin, Ethereum, Audi, and XRP.

Bitcoin, BTC dropped from 49,000 to 41,500, and is currently trading near 42,600. Firstly, regarding Bitcoin, I have a lot to say. This analysis is thorough. The spot price on Binance is 48,969.48. Firstly, this price cannot be artificially created, at least it is data manipulated by robots. Looking at the weekly chart, the closing line is a hanging man candlestick, indicating a bearish trend. It is very normal for the weekly chart to weaken further. Looking at the daily chart, since October 15, 2023, BTC has broken below the daily MA30 moving average (near 43,300) for the first time, and we see the daily MA60 support at 41,500. Although it has currently held support, the market may continue to weaken on the daily chart. Due to the relationship between time and space, the support of the MA120 moving average near 38,000 is what I believe to be the most reliable and realistic. When BTC strictly falls below the MA120 moving average, it will signal the end of the bull market. Looking at the 4-hour chart, all three lines have fallen below and formed a death cross, indicating a strong bearish market. Currently oscillating between 41,500 and 43,200, the 1-hour chart shows that it is near the lower Bollinger Band, indicating a halt to the decline. It has touched 41,500 and 41,700 twice. I personally believe that there will be a certain degree of rebound at this level, but do not chase after the rebound. It is more prudent to open a short position near the upper band, or go long near the lower band, but be sure to set a stop-loss at 41,500, as I feel that the trend of Bitcoin will go towards 38,000. Regardless of the method used, I believe that buying the dip at 38,000 in the spot market is the correct choice. My suggestion is: there are signs of a short-term rebound, so consider going long at around 41,800-42,000, with a take-profit target near 43,800-44,000 (remember not to chase after the price if it rebounds to this level, as it is easy to get buried). For short positions, I suggest starting to build a short position near 43,800, with a target around 37,500-38,000.

Ethereum, ETH dropped from around 2,700 to near 2,450, and is currently trading at 2,540. Looking at the daily chart, it is still relatively strong, as it has not yet touched the MA30 moving average at 2,350. Looking at the 4-hour chart, it is in a downtrend, but has not broken below the MA30 moving average, and the moving average support is still relatively strong. Overall, it is still advisable to focus on going long at lower levels. Looking at the 1-hour chart, it is currently oscillating between 2,450 and 2,580. Overall, I suggest that it is more appropriate to buy high and sell low in this range. Therefore, my suggestion is: consider going long at around 2,480, with a take-profit target near 2,640.

Audi, looking at the daily chart, the MA30 moving average support is holding up, indicating a predominantly bullish market. Looking at the 4-hour chart, the three lines are crossing, and the price is oscillating in the 65-78 range, suggesting a head and shoulders pattern for Audi. Currently, it has not reached 82, so friends going long at lower levels need not worry too much. Looking at the 1-hour chart, the moving average and price are crossing back and forth, and a change in trend may come soon. Overall, it is more appropriate to go long at lower levels, around 71. Therefore, my suggestion is: go long at around 71, and take profit at 82. If it falls below 65, it is not advisable to hold Audi spot, as once the pattern deteriorates, it is difficult to recover.

XRP, the daily chart is currently in a low consolidation phase. Looking at the 4-hour chart, due to the crossing of the three lines, a change in trend direction is coming soon. Since it has not risen much before, I believe that this wave of upward movement may be quite strong. I suggest holding for the short term, as this wave of upward movement will rise along with BTC, so just be patient. The pattern is oscillating, and looking at the 1-hour chart, it has been hovering around 0.578, and due to the continuous decline in volume, it is likely to rise soon. My suggestion is: consider going long, with a target around 0.7.

All the above suggestions are personal opinions and do not constitute investment advice. There are risks in the coin circle, so caution is advised.

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