Happy weekend! This is a memorable day as Bitcoin has broken through 80,000, perfectly validating the thoughts and logic of the gentleman. Since the downward spike to 55,555 in early September, I have been reminding everyone to be bullish. This round of rebound has the best chance to break the previous high, and the first target of 80,000 has been achieved, with the next target being the obsession of us old investors in the crypto space: 100,000.
Buy when no one cares, buy when the crowd is noisy. The gentleman's consistent style is to remind everyone to increase their positions at key low points. Once it surges, I do not recommend chasing the price; instead, it is better to take profits in batches and reduce positions by 30%. If it falls below 77,800, reduce another 30%. Keep the base position intact and add to it when it drops again. The profits from a surge are what we aim for, not a reason to chase the price.
Bitcoin
Since the rebound from 58,946, the increase has been 35%. If we consider the rise from around 55,555, the increase exceeds 40%. Congratulations to friends who have followed this wave of market movement. We have previously shared our operational thoughts and market conditions multiple times. Since 2023, we have generally maintained the order of BTC—ETH—strong altcoins for rebound—MEME coins—sharp declines. Each round reaches different stages, and everyone can judge for themselves. As Bitcoin enters an acceleration phase, I personally suggest starting to reduce positions in batches and waiting for a better price during a pullback. In the short term, it is possible that there will be another surge before a pullback begins.
Next week, there will be a lot of economic data releases and speeches, so pay attention to market volatility. The Federal Reserve has significant uncertainties and may slow down the pace of interest rate cuts. U.S. interest rates could soar. Previously, there was a high probability of a rate cut in December, but the latest consensus on Wall Street is that during the "Trump 2.0 era," the Federal Reserve may slow down the pace of rate cuts. Analysts believe that due to Trump's promised tariffs and tax cuts, inflationary pressures may rise, leading the Federal Reserve to act more cautiously and potentially "pause rate hikes" in December.
Support: Resistance:
Ethereum
The highest rebound reached 3,236 but faced pressure and fell, which is close to the previous resistance around 3,240. Further up are 3,355 and 3,410. The BTC dominance has shown a engulfing pattern this week, and the Crypto Total Market Cap has broken through the weekly descending channel. Ethereum leads the altcoin season, and the rebound is looking good, but in the short term, it will continue to push up. Don't look for 4,000 when it rises and 1,000 when it falls.
The 4-hour MACD is diverging again, so pay attention to whether the MACD will show a top divergence later, which would provide an opportunity for a pullback and accumulation.
Support: Resistance:
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This article is time-sensitive and for reference only; it is updated in real-time.
Focusing on K-line technical research, sharing global investment opportunities. Public account: Trading Gentleman Fusu
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