Family members, this currency is very likely to make up for the increase significantly, hurry up and rush with me!
The currency circle is experiencing huge benefits! Are the smart money buying the dip now or continuing to sell? I will stud at this point!
Shocking news comes from Bitcoin ETF again. Is it good or bad this time? Let’s follow Shu Qin to find out.
First of all, let’s take a look at the market. The rebound we have been waiting for has finally arrived!
The huge benefits of the Federal Reserve that we talked about on Monday’s program have indeed come true. The Federal Reserve announced that it will not raise interest rates this time and will cut interest rates multiple times next year! As soon as the news came out, U.S. stocks and the currency circle surged.
So the question is, are the smart money adding positions now?
Let’s talk about the data. Let’s take a look at the BTC stock data on the exchange!
Everyone can clearly find it.
In the recent decline, large investors not only did not buy the bottom and withdraw coins to their cold wallets, but also accelerated the transfer. This large amount of Bitcoin was activated from cold wallets and began to pour into the exchange, causing the Bitcoin stock holdings in the exchange to increase. This is not a positive signal.
Not to mention that big players like Sun Yuchen and Mu Jie are still selling on high prices.
Can I go short now? In fact, before the ETF results come out, it is still popular, so it is still a bit dangerous.
But once he reaches the previous high of 44,000 again due to some good news, it will form a double top, and I will definitely go empty-handed. At present, it seems that there is still a good chance.
And Shu Qin still holds the 2,400 Ethereum short order opened in last week’s show. I think if there is a real correction, there is a chance that it will reach 2,000.
So the question is, how much can we buy at the bottom?
In fact, Bitcoin has risen so much. If it really needs to pull back, this will definitely not be enough.
I think he will at least go to 38,000, which is a retracement of the 38.2% increase.
In fact, this is all for the sake of being young.
You can see that the previous few wave corrections have retraced more than 60%, so thirty-eight thousand is actually not too much. After all, it rose from twenty-five thousand.
And do you know that these funds all have year-end bonuses, and Christmas and New Year's Day are the traditional peak consumption seasons in the West, and many retail investors will cash out a little to celebrate the holidays.
Coupled with the rules on marginal tax rates, many people will choose to make a profit at the end of the year to enjoy the initial low tax rate each year, and then wait until next year to take it back.
Therefore, Bitcoin is relatively weak every December, and even the end of the bull market in 2017 and 21 ended at the end of the year. This is normal.
Okay, after talking about the market, let’s take a look at the most exciting altcoin. This coin is about to break out and is likely to make up for its rise significantly.
Everyone has seen the explosion of coins like OP, IMX and AVAX in the past few days. It can be said that apart from inscriptions, the most popular coins on the market are the various Layer 2 coins. However, there is a related coin that has never exploded. It is very likely that it will start to make up for the increase.
He is Matic.
Everyone knows that AVAX is not even Ethereum’s expansion chain. It has been able to successfully catch up with the popularity of Cancun recently. The project team talked about future development, and the result was the same as IMX, which skyrocketed by more than 50%. As an Ethereum Side chain Matic is even better!
And the most important thing is that Matic will also publicly demonstrate his ZK chain upgrade tomorrow Thursday, which is also a big plus.
What's more important is that it only followed Bitcoin's 38,000 rise in November, and the highest price of Bitcoin in December was almost 45,000, but Matic has not yet carried out the second round of compensatory increases.
Look at OP and IMX, both of which have recently carried out the second round of supplementary increases. So even if there is no benefit from Cancun or his conference tomorrow, from the perspective of pure supplementary increases, Matic has a good probability. Go make up for the increase, right?
And he has a lot of room to make up for growth.
There is a very large space from the neckline of W bottom of 1.5, so once it breaks through the previous high of 0.99, then there will really be a sea of stars behind it like IMX.
And his token model is not bad either.
More than 90% of the tokens have been unlocked and there is no selling pressure, so this coin can really be ambushed and given a try.
Of course, it is not without risks now. After all, if Bitcoin does not hold up and continues to correct, then all small coins will not be immune. Everyone should pay attention to this. Shu Qin will notify everyone in the community as soon as there is any situation.
And as for IMX, I think I can still get it in the long run.
Because one of the giant whales has not only not run away, but also increased the position yesterday, right? When he runs away, we will also run, so as to truly follow the banker's operation.
In fact, more than 10 days ago, Shu Qin saw that multiple accounts of Big Whale were adding positions to IMX. At that time, he was just 1U, so Shu Qin led a group of friends to enter the market at a low price. In addition, OP and the recent Aptos have successfully laid out their plans in advance. Following these smart money, we will definitely be several days or even weeks ahead of retail investors.
So those who are interested in real-time operations can come and take a look. We all operate with the banker~
Okay, let’s look at two more exciting news.
First of all, the Western search platform giant Google has also entered the market!
Secretly opening up the publicity rules of cryptocurrency has caused heated discussions in the community.
Google now not only wants to open up the placement of crypto ads, it has even specifically specified that it will allow qualified institutions to promote their cryptocurrency trusts.
Oh my god, trust, this is an ETF, and the date happens to be January, which is also a few weeks after the ETF results.
So now the community is hotly discussing whether the world's media giant got some inside information in advance and started preparing ETF advertisements early. It's really scary to think about it.
In fact, even if you don’t look at this ETF, just the fact that it allows everyone to place crypto ads on search engines and Youtube is already a very big improvement. This exposure to the currency circle is subtle and long-lasting.
After all, our channel is also on Google. If he opposes cryptocurrency, it will be difficult for us to make videos. Therefore, the moderate attitude of the advertising giant is really crucial to the development of our currency circle!
Then another good thing comes from last night’s inflation data, which dropped again based on the original 3.2%!
It has now dropped to 3.1%, which is only one step away from the prefix 2. In fact, if you look back at the previous historical data, this 3% has already reached the normal range. The Federal Reserve really has no excuse to tighten policy again, so it will start to release water again to stimulate the economy, so the most difficult moment has passed. Got it!
The currency circle next year will definitely be smooth sailing, and we will also witness the rise of another myth of sudden wealth in the currency circle!
Okay, that’s it for today’s program. Please pay attention to us, let’s gain wealth and freedom together in this bull market!
Bye~
