BTC is likely to have three possible forms in the future.


1. Regular form: After a downward move on the 4-hour chart, it will retrace to the 67,000 level, and then go up again on the 4-hour chart. As long as it doesn't go above 88,000, it will form a bearish divergence and end the upward move on the daily candlestick chart. Around mid-December, it will start a downward move on the daily candlestick chart, lasting until February.
2. Ethereum altcoins make up for the form of the market: the market fell back after hitting 80,000, but did not fall sharply, but built a central consolidation for Sideways (more than 2 weeks). During this period, Ethereum and altcoins will continue to rise, ushering in a small altcoin season. After that, BTC will leave the pen with a central axis, but at 88,000, and then start to go down to the daily candlestick level in mid-December, going to February.
3. Big pump form: After the market hits 80000 and falls, it doesn't fall deeply, but builds a consolidation (about a week) to make a sideways action instead of falling, to complete this 4H-level down movement. During this week, moving averages will gradually come together, Bollinger Bands will narrow again, and various indicators will be adjusted. Then, based on this, the market will continue to move up for a 4H-level up movement. If that's the case, the market is likely to break through 88000. As long as it breaks through 88000, this daily candlestick-level up movement is not yet complete, and the market will make higher highs in January.
These three forms, the possibility is 1=2>3.
As for ETH, it's a bit below expectations. I have already closed half of the profit at the position of 2950. Normally, the rise in ETH Exchange Rate will continue for 4-5 days, but today is only the third day and there is already an obvious stagnation in the Exchange Rate. Let's wait and see. If BTC goes to around 77000 or the 1H level breaks the rise trend line, I will take profit on ETH and then buy back at 2800 when it retraces, corresponding to BTC retracing to 73000.
Regarding SOL, it continues to rise and has already approached the previous high of 210 in the first half of the year. As for ETH, I will definitely continue to hold the coin, but I may gradually shift a larger Position to SOL. Looking at this year's situation, both in terms of growth and stability, ETH is far behind SOL. I wonder if TON will emerge in the next bull market, turning the three mainstreams into four. In that case, ETH will be even more vulnerable.
But actually, structurally speaking, Ether still has a potential for a rebound. Because BTC and SOL started a downward trend at the end of October in a 1-hour timeframe (albeit with a slightly abnormal structure), but many altcoins, including Ether, started to decline in mid-October and have already completed a full 4-hour downtrend.
Taking ETH as an example, starting from 2770 on October 21, ETH has completed three full 1-hour level structures (2770-2380, 2380-2724, 2724-2356). So in reality, BTC needs to complete two more 1-hour level structures before starting a 4-hour level decline. However, the rise of ETH and most altcoins has not been satisfied.
Actually, every year, there are 3-5 such incidents. And each time it happens, it will cause changes in BTC's share of the entire cryptocurrency market, considering that BTC's share of the entire cryptocurrency market cap has reached 60%, it is highly probable that altcoins and Ether will follow suit in the future.
So when pullbackLong, the position of altcoin will definitely need to be lifted.
BTC0,63%
ETH-0,25%
SOL3,02%
TON-4,78%
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AugustIsYoungvip
· 2024-11-09 02:34
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