New Analysis of the Bitcoin and Altcoin Market

In recent days, the cryptocurrency market has witnessed a sharp decline, causing many investors to feel confused and lose their direction. Bitcoin has plummeted by 15% while altcoins have "fallen like autumn leaves" with declines ranging from 30% to 70%. However, as I warned before, this is not surprising to those who closely follow my analysis. Bitcoin: Short-term recovery or price trap? Bitcoin has had a rebound from 92k to 99k, creating hope that the bottom has formed. But be careful, don't let temporary hopes deceive you! Based on Elliott wave analysis, this is clearly just a corrective wave within a larger downtrend. The recent crash is a strong 12345 wave, signaling the start of a larger correction structure in the form of ABC. Wave A: The recent sharp decline has been completed. Wave B: We are in a short-term recovery phase, but it is highly likely that this is just a "price trap." Wave C: Bitcoin is expected to return to the 85k zone, where there is a value Gap (FVGAP) that has not been filled on the daily chart. Bitcoin trading strategy According to Fibonacci Extension, the 85k level is an attractive price zone to look for opportunities. However, please be patient and wait for clear confirmation signals. Rushing to bottom fish in this stage can lead to high risks. Altcoin situation: Seizing the opportunity Altcoins are currently experiencing a significant decline, with some projects losing over 70% of their value. This opens up a great opportunity for those who are willing to seize it when the price adjusts deep enough. Stay calm and select projects with solid fundamentals, while waiting for signals from the overall market before deploying capital. Advice for investors Patience: This is not the time to rush into the market. Technical analysis: Always use tools like Fibonacci and Elliott wave to identify important price levels. Don't be swayed by emotions: Short-term rebounds can make you lose vigilance. Study carefully: If you want me to analyze any altcoin, please leave a comment. Message Investing is not difficult if you have a clear strategy and a good guide. Follow me to receive more in-depth analysis and effective trading strategies. Remember, this is not a trading signal because I do not publicly disclose stop-loss. All detailed information will be shared privately with those who accompany me. DYOR! #Write2Win #Write&Earn $BTC {spot}(BTCUSDT)

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GateUser-c14f3268vip
· 2024-12-22 06:29
bull回速归 🐂
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CryptoWorldMachineCatvip
· 2024-12-22 04:15
Fart
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