The world is bustling, all for profit; the world is bustling, all for profit to go! Hello everyone, I am your friend Lao Cui talking about coins, focusing on digital currency market analysis, striving to convey the most valuable market information to the vast number of coin friends. Welcome everyone to follow and like, and reject any market smokescreens.

Today I am in a great mood, taking the opportunity to update today's article before going to sleep. Congratulations to the users who chose to believe in Lao Cui starting from 70,000; yesterday was a night for everyone in the coin circle, and miracles still belong to us in the coin circle. Thank you all for your trust. Last night was indeed crazy, and for many short-sellers, it was a warning in advance, basically allowing everyone to exit before ten o'clock in the evening. Perhaps it was fate's favor towards Lao Cui, as right after exiting, this historic moment began; as of now, Bitcoin has pulled up from the bottom position of 80,261 to 89,800, just a step away from reaching the 100,000 mark. This wave of growth has completely slapped the faces of all the bears. After this round of verification, no user can say that Lao Cui's judgment on the bull market is problematic, right? Back to the point, Bitcoin is currently showing a state of being under pressure and correcting, so everyone should be cautious. Most contract users around 89,000 have basically cleared their positions. It’s not that Lao Cui is not optimistic about the future trend, but everyone is too tired and needs to rest.

Regarding the future trend, the bulls will still continue. Today's correction depth, everyone should not hold too high expectations. Overall, the correction depth may not even reach one-third of the rise, and it is unlikely to give the bears a chance to breathe. Therefore, if there are users who were caught in short positions last night, today may provide an opportunity to reduce losses. Don’t think that short positions can be perfectly exited. For those who are trend traders, looking at the long term, the bullish trend has not ended, so everyone can still hold long-term. Lao Cui will mention the timing to exit in the articles. Those who cannot grasp it or lack confidence can also talk to Lao Cui. Just a reminder, this wave has made the bears suffer greatly, and the next wave will target the bulls. I believe everyone has had enough to eat this time, but do not forget the risks. The trend of cutting the bulls has not truly arrived yet, but this knife will eventually fall. In the coming time, be cautious in trading. Wait for the market to stabilize before deciding on the next wave of trends. It’s best to wait until Lao Cui wakes up before entering the market; I am too tired to accompany everyone for too long today.

From the perspective of capital volume, Bitcoin's overall market value has risen again, reaching 1.74 trillion, and the total market value of the entire coin circle has also reached 2.68 trillion. It is not far from the previous bull market's high of over 3 trillion. Today, I want to discuss with everyone the overall market situation. The biggest turning point for Bitcoin's bullish situation is to look at the performance of the overall market value. As we are about to touch the previous market value high point, it is best for everyone to observe empty-handed before entering; this is the safest way. Before this, the view on the bulls has always been forward-looking, and any depth of correction can be an opportunity to buy the dip. Now there are no highs, only lows. Do you remember that Lao Cui once told everyone back in March this year that any point in March could be an entry for spot trading? Because by the end of the year, everyone will find that the low point was at the beginning of the year, and at that time, I also faced a lot of disdain and ridicule. This growth is the normal performance of the coin circle.

After this round of violent pull-up, we also see the flaws in the coin circle. The most obvious issue is that besides Bitcoin, other coins have basically not had much fluctuation. This problem is very fatal, as it is a typical lack of capital. The difference between this bull market and the previous one lies here. Many friends have been asking Lao Cui when the opportunities for altcoins will arrive. Today, Lao Cui can give a clear answer: it is already on the way. For a market to attract everyone to invest, there must be a lot of miracles happening. Currently, the capital in the coin circle is insufficient to support everyone in creating miracles together, so the strategy is to first let Bitcoin get rich, attract a lot of investment, and achieve a wave of miracles. Only after completing this task will people be willing to invest in other coins. Large capital is already on the way; everyone should be ready to welcome the retaliatory growth of other coins.

Back to the short term, Bitcoin's current correction depth is basically around 1,000-2,000 points, and it has been maintaining high-frequency growth. This is also overdrawing the capital in the coin circle, so after this pull-up, the current repair situation is still good, and there has not been a retaliatory decline. It is very likely that today will need to gather strength again to impact the 90,000 mark. At this historic moment, Lao Cui will not accompany everyone to observe; after the article is published, I may need to rest. For users who did not seize the opportunity to enter yesterday, you can try again. Currently, long positions, as Lao Cui mentioned yesterday, are mostly not at risk of being trapped; only short positions may be trapped. Many friends come to consult Lao Cui about what to do after the market has passed; it is already too late, and Lao Cui is also at a loss. Including these past two days, I have been advising everyone to give up the fantasy of shorting and directly go long. Many users, I have been encouraging to go long since 70,000, and everyone thought it was a historic high, with too high risks in going long. I hope everyone can see Lao Cui's words after waking up: being short-sighted is not scary; what is scary is being cowardly and not knowing how to repent.

At this stage, Bitcoin's trend is almost transparent; everyone knows it will rise, but no one dares to enter the market. The growth phase does not lack correction depth; rather, it is the fear of correction. Once a correction occurs, there will definitely be giants waiting for the opportunity to enter. Therefore, at this stage, you do not need to pray too much for the correction depth. Once short positions are trapped, you can only use long positions to make up for the losses; the remaining ways to exit are basically inferior strategies. Everyone should also pay attention to the exchange rate issue recently. Currently, the exchange rate of the RMB is gradually strengthening, which is something you need to focus on. After Trump took office, he once said that he would keep the dollar strong; as long as the dollar is strong, it is good for us. The only fear of a correction at this stage is that the exchange rate combined with man-made disasters will cause an instantaneous collapse in the coin circle. As long as there are no other influencing factors, it is basically heading towards 100,000. Lastly, let’s not discuss the interest rate cuts in December; they will definitely land. Therefore, the space above Bitcoin still allows everyone to fully imagine the historical high points; feel free to imagine! Do not short anymore!!!

Original article created by: Lao Cui Talks About Coins. For assistance, please contact directly.

Lao Cui's Message: Investing is like playing chess; a master can see five, seven, or even more than ten moves ahead, while a novice can only see two or three moves. The master considers the overall situation and strategizes for the big picture, not focusing on individual pieces or territories, aiming for the ultimate victory. The novice, however, fights for every inch, frequently switching between long and short positions, only competing for short-term gains, resulting in frequent troubles.

This material is for learning and reference only and does not constitute trading advice. Trade at your own risk!

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