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Bitcoin Nears $100,000: How to Maximize Gains?
Bitcoin continues its bullish breakout, but investors often make two common mistakes in overheated markets: Overreacting to signals, expecting a significant correction prematurely, or acting too hastily out of surprise.
To navigate the current bullish trend and identify opportunities, this article explores Bitcoin’s outlook from five perspectives:
1.The impact of IBIT ETF options on Bitcoin.
2.Trump’s plan to appoint a crypto advocate to lead the SEC.
3.Key takeaways from the Cantor Crypto Conference.
4.Technical analysis of Bitcoin’s current levels.
5.Bitcoin investment strategies.
1.The impact of IBIT ETF options on Bitcoin.
2.Trump’s plan to appoint a crypto advocate to lead the SEC.
3.Key takeaways from the Cantor Crypto Conference.
4.Technical analysis of Bitcoin’s current levels.
5.Bitcoin investment strategies.
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1. The Impact of IBIT ETF Options on Bitcoin
The $iShares Bitcoin Trust (IBIT.US)$ options launched two days ago, attracting $1.9 billion in trading volume, with 80% of transactions being call options. This momentum is expected to significantly push Bitcoin’s price higher.
1. The Impact of IBIT ETF Options on Bitcoin
The $iShares Bitcoin Trust (IBIT.US)$ options launched two days ago, attracting $1.9 billion in trading volume, with 80% of transactions being call options. This momentum is expected to significantly push Bitcoin’s price higher.
According to Alex Thorn, Head of Research at Galaxy Digital:
- The debut of options tied to BlackRock’s $iShares Bitcoin Trust (IBIT.US)$ , which manages $43 billion in assets, is likely to reduce Bitcoin’s volatility significantly and broaden the base of investors engaging with the underlying asset.
- The debut of options tied to BlackRock’s $iShares Bitcoin Trust (IBIT.US)$ , which manages $43 billion in assets, is likely to reduce Bitcoin’s volatility significantly and broaden the base of investors engaging with the underlying asset.
Cryptocurrencies like Bitcoin have long been associated with “high volatility,” a key reason why Wall Street institutions prefer Bitcoin and Ethereum ETFs, which are less volatile, over directly holding physical crypto assets.
2. Trump’s Plan to Appoint a Crypto Advocate to Lead the SEC
Recent reports suggest that Trump is considering appointing Therese Goodie Gillen as Chair of the U.S. Securities and Exchange Commission (SEC). Gillen has extensive experience in securities law and blockchain technology. She has previously worked at the SEC and represented blockchain companies in dealings with the agency.
Gillen is described as "low-key but tough." Charlie Cooper, Senior Advisor at R3, commented:
Recent reports suggest that Trump is considering appointing Therese Goodie Gillen as Chair of the U.S. Securities and Exchange Commission (SEC). Gillen has extensive experience in securities law and blockchain technology. She has previously worked at the SEC and represented blockchain companies in dealings with the agency.
Gillen is described as "low-key but tough." Charlie Cooper, Senior Advisor at R3, commented:
"Her approach will be rooted in a deep understanding of securities law across both traditional markets and the crypto space, and she will likely reverse the previous administration’s enforcement-heavy regulatory approach."
3. Cantor Crypto Conference
At the Miami Cantor Crypto Conference, Michael Saylor emphasized Bitcoin’s unique value proposition:
Bitcoin’s Strengths:
- No counterparty risk from competitors, nations, corporations, creditors, cultures, or currencies.
- As the world’s largest crypto network, Bitcoin has 220 million holders and is increasingly recognized as a dominant digital currency.
- Bitcoin is now viewed as a globally accepted, widely held, and compelling investment asset.
- Saylor contrasted Bitcoin with gold, calling the latter "dead money" and a relic of the 19th century.
$MicroStrategy (MSTR.US)$ $T-Rex 2X Long MSTR Daily Target ETF (MSTU.US)$
Related Notes:
MicroStrategy recently disclosed that between November 11–17, 2024, it used $4.6 billion raised from stock sales to purchase 51,780 BTC at an average price of $88,627 per Bitcoin. As of November 17, 2024, the company holds 331,200 BTC worth approximately $16.5 billion, with an average purchase price of $49,874 per Bitcoin.
At the Miami Cantor Crypto Conference, Michael Saylor emphasized Bitcoin’s unique value proposition:
Bitcoin’s Strengths:
- No counterparty risk from competitors, nations, corporations, creditors, cultures, or currencies.
- As the world’s largest crypto network, Bitcoin has 220 million holders and is increasingly recognized as a dominant digital currency.
- Bitcoin is now viewed as a globally accepted, widely held, and compelling investment asset.
- Saylor contrasted Bitcoin with gold, calling the latter "dead money" and a relic of the 19th century.
$MicroStrategy (MSTR.US)$ $T-Rex 2X Long MSTR Daily Target ETF (MSTU.US)$
Related Notes:
MicroStrategy recently disclosed that between November 11–17, 2024, it used $4.6 billion raised from stock sales to purchase 51,780 BTC at an average price of $88,627 per Bitcoin. As of November 17, 2024, the company holds 331,200 BTC worth approximately $16.5 billion, with an average purchase price of $49,874 per Bitcoin.
4. Technical Analysis of Bitcoin’s Current Levels
Weekly Chart:
- Bitcoin has been consolidating for roughly six months. During this period, its lows have been consistently higher, and it has broken above its channel line, initiating a primary uptrend (Wave 3).
- The first target of $95774 has been reached, and the second target of $102085 (near $100,000) is now in sight.
- Patient investors may consider entering after a pullback to the 138.2% Fibonacci level.
Weekly Chart:
- Bitcoin has been consolidating for roughly six months. During this period, its lows have been consistently higher, and it has broken above its channel line, initiating a primary uptrend (Wave 3).
- The first target of $95774 has been reached, and the second target of $102085 (near $100,000) is now in sight.
- Patient investors may consider entering after a pullback to the 138.2% Fibonacci level.
Hourly Chart:
- After an 8% correction starting on the 13th, Bitcoin has resumed an upward trajectory, forming an ascending channel with moving averages aligned in a bullish pattern.
- For short-term entry, consider buying when the price touches the MA20, with the MA120 serving as a strong support and stop-loss level.
- After an 8% correction starting on the 13th, Bitcoin has resumed an upward trajectory, forming an ascending channel with moving averages aligned in a bullish pattern.
- For short-term entry, consider buying when the price touches the MA20, with the MA120 serving as a strong support and stop-loss level.
5. Bitcoin Investment Strategies
Bitcoin’s high volatility and unique market structure require well-thought-out strategies. Key approaches include:
(1) Dollar-Cost Averaging (DCA)
- Ideal for long-term investors focusing on spot markets or Bitcoin ETFs.
- Invest a fixed amount at regular intervals to mitigate market fluctuations and average costs.
- This strategy is particularly effective in a rising market, offering consistent exposure with reduced risk.
$iShares Bitcoin Trust (IBIT.US)$ $Grayscale Bitcoin Trust (GBTC.US)$ $ARK 21Shares Bitcoin ETF (ARKB.US)$ $Fidelity Wise Origin Bitcoin Fund (FBTC.US)$ $Bitwise Bitcoin ETF (BITB.US)$
(2) Short-Term Trading
- Use technical indicators like MA20 (entry) and MA120 (stop-loss) for short-term trades.
- Suitable for spot trading, crypto-related stocks, and options.
$MicroStrategy (MSTR.US)$ $Grayscale Bitcoin Mini Trust (BTC.US)$ $MARA Holdings (MARA.US)$ $Riot Platforms (RIOT.US)$ $CleanSpark (CLSK.US)$
(3) Risk Hedging
- In volatile markets, consider small positions in inverse ETFs (e.g., $ProShares Short Bitcoin ETF (BITI.US)$ ) to hedge against downturns.
- For example, a weakening MACD histogram with a bearish crossover could signal an opportunity to hedge during a potential correction.
Bitcoin’s high volatility and unique market structure require well-thought-out strategies. Key approaches include:
(1) Dollar-Cost Averaging (DCA)
- Ideal for long-term investors focusing on spot markets or Bitcoin ETFs.
- Invest a fixed amount at regular intervals to mitigate market fluctuations and average costs.
- This strategy is particularly effective in a rising market, offering consistent exposure with reduced risk.
$iShares Bitcoin Trust (IBIT.US)$ $Grayscale Bitcoin Trust (GBTC.US)$ $ARK 21Shares Bitcoin ETF (ARKB.US)$ $Fidelity Wise Origin Bitcoin Fund (FBTC.US)$ $Bitwise Bitcoin ETF (BITB.US)$
(2) Short-Term Trading
- Use technical indicators like MA20 (entry) and MA120 (stop-loss) for short-term trades.
- Suitable for spot trading, crypto-related stocks, and options.
$MicroStrategy (MSTR.US)$ $Grayscale Bitcoin Mini Trust (BTC.US)$ $MARA Holdings (MARA.US)$ $Riot Platforms (RIOT.US)$ $CleanSpark (CLSK.US)$
(3) Risk Hedging
- In volatile markets, consider small positions in inverse ETFs (e.g., $ProShares Short Bitcoin ETF (BITI.US)$ ) to hedge against downturns.
- For example, a weakening MACD histogram with a bearish crossover could signal an opportunity to hedge during a potential correction.
(4) Diversified Portfolio & Position Management
- Avoid concentrating on all investments in Bitcoin. Diversify across digital assets or traditional investments to spread risk.
- Manage positions carefully—allocate funds across multiple key sectors to prevent stagnation in one area while others rally.
- Avoid concentrating on all investments in Bitcoin. Diversify across digital assets or traditional investments to spread risk.
- Manage positions carefully—allocate funds across multiple key sectors to prevent stagnation in one area while others rally.
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The Bitcoin market is inherently dynamic. Technical analysis can guide short-term decisions, while fundamental analysis helps assess long-term potential. By combining these strategies, investors can seize opportunities and mitigate risks effectively.
The Bitcoin market is inherently dynamic. Technical analysis can guide short-term decisions, while fundamental analysis helps assess long-term potential. By combining these strategies, investors can seize opportunities and mitigate risks effectively.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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MARKET-TEST-DUMMY : The last Pic reminds me of where you cash out your tokens at the casino.
Psuedoleu : You posted the wrong stock. Number one. Number two- XBT is coming down.. prepare by loading your wallets for long term through selling 🫢