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In the 8 years of mixing coins, I realized one thing: those who cry the loudest during big dump often rise up and make the most profit.
(Now there is wailing all over the place, but I'll say something you don't want to hear -)
1. What's left in the market after a big dump?
There are fewer and fewer people alive: In November, the wave of people was already washed out, and now the field is full of Buddhist players who lie flat and pretend to be dead.
Altcoins return to poverty overnight: 90% of altcoins fall back to the rise point, but don't panic - bull market specializes in stubbornness, big dump specializes in cutting leverage.
2. The operation of the institution is very honest
BTC holds the 96000 defense line: breaking below 93000 is considered a real chill, and now the big funds are still supporting the market, indicating that the main force has not run away at all.
ETH secretly absorbs funds: Don't be fooled by the current range of 2400-2800. Institutions are always buying chips after each big dump. Refer to the script of last time's 100,000 additional holdings.
3. The Survival Guide for Old Leeks
BTC (95000-100000 flat): Staring at the life and death line of 93000, holding steady if not broken, running away immediately if broken.
BNB (570-620 and other airdrops): Must run on the day of airdrop landing! Swapping back to BTC is the way to go.
ETH (2400-2800 dead zone): Don't panic even if the 4-hour chart looks like an electrocardiogram, institutions will definitely stir things up before the next major positive news.
Some important information from yesterday:
1. FTX has sent emails to creditors with less than $50,000, and there are still approximately $345 million in uncompleted KYC verification.
2. The large transactions of Dogecoin (DOGE) exceeding $100,000 have significantly decreased recently, and currently, the weekly volume of such transactions is only one-third of the peak period driven by the 'Trump effect' in early November.
3. Haogang, former deputy director of the Beijing Local Financial Supervision and Administration Bureau, was sentenced to 11 years in the first instance. According to Caixin, Haogang was involved in bitcoin money laundering; in addition, he had also assisted a senior executive of a leading bitcoin mining company in lifting border controls and received bribes amounting to tens of millions of yuan.
4. Legislators from Kentucky and Maryland proposed separate "Bitcoin Reserve" bills, and a senator from Florida proposed a Bitcoin investment bill.
Returning to today's daily BTC technical analysis, from the candlestick chart, the 1-hour timeframe is rising, the 4-hour timeframe is consolidating with an upward trend, the 12-hour timeframe is falling, and the daily timeframe is falling. The intraday resistance level is $99,000, and the support level is $94,000.
Now there are cheap chips all over the street, but 99% of people dare not take them - a bull market is never about retail investors carrying the sedan chair, but waiting for the feigned death to be filled up, and suddenly pulling up the market to break the thighs of those who are short.
(Reminder: This article comes with a reverse Buff. Don't come to me if the market slaps you in the face) #BTC #ETH