Personally, I believe the reasons for this drop are:
A. The psychological barrier of 100,000. This level has been a dream for many early investors and is a threshold. Therefore, when the price rises to 100,000, many investors may think it's about time to exit.
B. The resurgence of fear of heights. When the ETF was approved and broke the previous high, there was also panic. Initially, I thought there might be fear of heights when passing 100,000, but I was too immersed in the joy of crossing that level to notice the risk of a pullback.
C. Before key macro data releases, if the expectations for the data are not good, it may trigger investors' risk-averse sentiment, so it's also possible this is a reason for the pullback.
Especially when the US stock market also experiences a pullback, it's not just a correction in the cryptocurrency market, but the overall risk market is concerned about Federal Reserve interest rate adjustments and economic conditions.
Any drop in a bull market is a good opportunity to pick up money. BTC's last drop is a chance for retail investors to turn things around.
Coins related to AI themes.
Ultraman Investment: WLD, ARKM
Pan-AI Video: RNDR, LPT, VRA
Old AI hype: NMR, FET, AGI, OCEAN
New AI hype: NFP, AI, XAI
Artificial Intelligence X Oracles: GRT, RLC
Domestic AI sector coins: CTXC, MDT, IQ, RSS3
OpenAI has 12 live streams in the next 12 days, keep a close watch.
December is likely to be another AI season (repost)
There are many breakout points in the ETH sector.
1. ETH Layer 2
This category of projects includes ARB, OP, ZK, STRK, METIS, MANTA, CELO.MNT, MATIC, IMX, SKL, LRC, CTSI, BOBA, COMBO, MODE, etc.
2. ETH Staking and Re-staking (LSD)
Representative projects include LDO, SSV, PRL, SD, FXS, ANKR, ETHEI, REZ.
3. Established DeFi in ETH
Mainly includes UNI, SUSHI, AAVE, COMP, CRV, MKR, LOTY.
4. ETH Meme coins
Representative projects include PEPE, SHIB, SPX. (repost)
Market analysis on December 6📊📊
Yesterday, BTC broke through 100,000 and then quickly retraced. This morning, it dipped near 90,000, with a retracement greater than expected. No negative fundamentals were observed, and the market makers are clearing contracts.
Clearing obstacles for subsequent rises, after intraday consolidation, the price is expected to continue rising. Pay attention to the support around 95,000-95,500. The second coin follows BTC's synchronous retracement, maintaining a healthy trend, and is expected to continue catching up during the day, testing resistance above 3,900.
Today's highlights:
BTC: 1-hour and 4-hour levels returning to healthy levels, daily level above healthy levels, with expectations of continued rise after intraday consolidation. Long-term expectations have not weakened.
Intraday support 95,200-95,700📈
Intraday resistance 99,000-100,000📉
ETH: 1-hour and 4-hour levels maintaining healthy status, daily level above healthy levels, with expectations of a rebound today.
Intraday support 3,720-3,770📈
Intraday resistance 3,960-4,080📉
