The cryptocurrency market is really easy to manipulate. After three days of decline, just one day of rebound gets everyone excited. They were still feeling down in the morning, but by evening they were full of confidence. It's time for Ethereum to lead the altcoins to take off.
Let’s summarize tonight's key market events:
1. Bitcoin's monthly chart shows a 5-wave rise, and after that, a correction of more than 20% is expected.
2. When Bitcoin drops to 87,000, the bears will liquidate 5 billion; if it rises to 100,000, the bears will liquidate several hundred million, and above 100,000, there are basically no short positions.
3. Market share pressure: Bitcoin's market share is encountering pressure, and funds are beginning to flow into Ethereum and altcoins.
4. Ethereum trend: Currently, there are no signs of a peak for Ethereum. Those holding spot can continue to hold, and those with heavy positions can reduce their holdings for risk control to prevent a pullback.
5. Believers in Ethereum: Since August, 500,000 Ethereum have been added, and they are going long on ETH/BTC.
6. On January 10, Microsoft will announce a Bitcoin proposal, which could be good news.
7. $TURBO performance: TURBO broke through the resistance level of 0.0079, currently offering good value, with a stop-loss set at 0.0073.
8. $NEIRO outperforming ACT: The new coin Neiro is performing strongly, it is recommended to prioritize spot buying Neiro, with Dog Sister and Vitalik recommending it.
9. RWA sector: $POLYX offers good value, OM is already a hundred-fold coin, ONDO will have a major unlock next year, and TRU's daily chart shows relatively poor performance.
