The recent rise in Bitcoin is driven by three major events. First, the consensus expectation of the bull cycle for Bitcoin is the halving that occurs every four years. Second, the decision on the US Bitcoin spot ETF is expected to be made before mid-January, concentrating funds and impacting Bitcoin in November and December. Third, there is an expectation that the Federal Reserve will begin to cut interest rates next year, by approximately 150 basis points, and restart quantitative easing. This is also the backdrop for gold repeatedly hitting historical highs, and it is inevitable for Bitcoin to be linked as digital gold. The resonance of these three major events has directed the current trend.

The above expectations have basically been factored into the current price of Bitcoin. After a weekly 7 consecutive positive trend, the upward space will gradually diminish. 43,000 will be a strong resistance level in the near future. If the weekly trend continues to accelerate upwards, more attention should be paid to the risks.

Returning to the market analysis, this phase of the rise has exceeded our expectations. We did not expect such a terrifying increase. We issued a long position, and although it perfectly reached the target price, we still missed some of the market.

Evening and tomorrow's operational strategies:

Long position near 41,000 for Bitcoin, with the first target at 41,700 and the second target at 42,500.

Long position near 2,185 for Ethereum, with the first target at 2,245 and the second target at 2,290.

The publication review has a time limit. For specific strategies, please follow the public account of trader Jin Yifan.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。