Don't look, it's too cruel, a big event has happened!!!
Crypto brothers, hurry up and withdraw, don't look, it's a cruel fact. As of now, the total liquidation amount in the past 24 hours has exceeded 7 small targets, and it is still mainly short positions. The big BTC and the second Ethereum are challenging the limits of the short army again and again. Just this morning at 7:14, the big one reached a new high of 89475, while the second one is temporarily adjusting around 3300 due to the escape of some trapped or profit-taking positions.
- Near skirt +V:H98KK6
For example, the big shots and whales including Sun Ge have started to unload, causing the second one to temporarily encounter resistance, but after digestion, it can still resume an upward trend. Looking back now, that big green candle last week really made the short army cry. How many people have been short since 7 and are still holding on? So what should we do now?
Today I'll share some insights: Bull market has many crashes
This is not a joke, because even in a bull market, prices can't keep going up forever. The higher it goes, the greater the pressure, and without momentum, after the profit-takers leave, it will crash quickly. When the market sees the drop, it will continue to surge upwards, and then new money will come in and push it higher again.
The candles at 6 o'clock and 9 o'clock are the best proof, quickly liquidating the long positions and then directly V-shaped rebound, breaking new highs again. You should pay more attention to the changes in contract positions and funding rates to find opportunities for corrections.
Now, both the total open interest across the network and the perpetual funding rates have reached their highs and are starting to face pressure. As long as it dares to reverse, we can either run away or get on board.
The top is still far away, according to historical patterns, it will appear next year. Hold the spot and go for the grand slam, brothers, what do you think?
Today's market analysis: From the K-line, BTC is in an uptrend on the 1-hour level (but the momentum is still insufficient, facing correction pressure), 4-hour level is in an uptrend (the current candle is a bearish one, KDJ is about to have a death cross, be careful of correction), 12-hour and daily levels are in an uptrend. Intraday resistance at $90,000, support at $84,000.
In 2 days, Bitcoin has risen from $70,000 to $89,500, an increase of nearly 30%, breaking through the historical high again.
Although the rise is fierce, there are still so many long positions being liquidated, which shows that the market participants who use leverage to bet big are gradually increasing.
A few days later, the news of Bitcoin breaking a new historical high will definitely be all over the place, and the latecomers will also increase significantly.
This will add more uncertainty to the already complex market situation. For those who entered at low prices, it's good news, but for those who are still waiting in cash, it's a bit annoying.
Because many people have always felt that Bitcoin won't go up much this time, but the result is contrary to expectations, it just keeps going up, making them nervous.
So, in the crypto world, you can be right 9 times, but if you're wrong even once, all the profits from the previous 9 times will be wiped out.
Don't envy those who make quick money, they can get to where they are today because they have summarized the experience of countless liquidations, for ordinary people, one liquidation is enough to end it all!
You need to see your own situation clearly, whether you are suitable for contracts, high returns mean high risks, if you lose everything this time, do you still have the capital to make a comeback? Those who lose money are all playing with contracts and Altcoins, and also like to have a big vision!!!
If you don't have the capital, don't pay attention, otherwise, if you can't control your hands, it's gambling. So for newbies, you must focus on studying the market, this kind of big opportunity can be identified from the market.
The biggest opportunity in this bull market: DOGE!
Doge can be All In by big capital, and the odds for retail investors are also high. This wave can basically be confirmed, only Doge can outperform BTC. Doge's current market cap is only $50 billion, big capital can't even get in, it will at least reach $500 billion in market value, BTC belongs to Wall Street, Musk will build Doge into the next BTC. Those who say Doge will reach $1 have a small vision, the first target is $3, the second target is $10. Wait for a wave of liquidation, All In Doge, hold it and you will definitely achieve financial freedom. Doge's monthly line has broken out, don't be afraid of the high price, in fact, the pump has just begun. $50 billion is nothing for the whales.
Don't ask if it's a bull market anymore, it's obviously a Doge market!
I miss the big sister who did a Ponzi scheme, in 2017 she earnestly advised me to buy Doge in the Year of the Dog. I exploded on the spot and scolded her harshly. Now I understand, this is the MEME spirit.
Big sister, are you doing well now? Can you still lead your little brother?
The market is still going on, and the same old saying: Don't chase the pump and dump
To grasp the subsequent opportunities, either you understand the market yourself, or choose a reliable institution to follow, don't expect to rely on luck to make a big bet, as long as you have this starting point, you will be ruined in the crypto world.
Recent performance sharing!!!
On November 8, the entry price I gave for YGG was 0.45, the first target was 0.5, and the second target was 0.53. It was successfully taken profit within three days, and the overall trend is still bullish!
SLP also made a simple 10 points, doing these short-term 10 points is very easy! Just follow and you'll make a profit directly!
ENS and DARENS were recommended to the internal skirt members around 18 last week, and they have also reached 22! A 20-point profit!!! At the same time, the DAR 0.15 I recommended also made a shallow 15-point profit!!!
If you've been stumbling around in the crypto world and can't find a direction! Or you've been losing money all the time! You can follow me or add my WeChat below! If you want to learn more about related knowledge and market analysis, feel free to consult me, we have the most professional crypto community, publishing daily market analysis and recommending high-potential Altcoins. If you also like to research surging Altcoins and are interested in the primary market, wanting to get the latest market trends first, feel free to chat with me to join us →→
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- (You can receive a position allocation strategy, teaching you how to make money in the bull market and earn coins in the bear market) Investing has risks, enter the crypto world with caution.
