At first, everyone thought this was just an ordinary pullback, but looking back, it really was just an ordinary pullback...
Don't panic; this is just a technical pullback. Such sharp declines often occur in a bull market, especially after Trump's election, when the market experienced a sharp washout.
The low point of this adjustment for BTC has emerged, roughly around $90,500. As long as it doesn't drop below this level later, there shouldn't be any issues.
However, if a third major washout occurs later, then we need to be cautious.
So, I think now is a good time to accumulate BTC and quality altcoins!
The initial target is $120,000, with the ultimate goal being $140,000 to $150,000.
As for whether Trump can really make BTC a reserve currency, that's still undecided. We'll see how it goes. If it truly happens, it will need more room, and we might see $200,000.
However, to be honest, before this bull market even started, I had already made a trading plan:
1. When BTC exceeds 100,000, start to deleverage.
2. When it exceeds 120,000, reduce spot holdings.
3. When it exceeds 140,000, clear out the spot holdings, keeping at most 1 BTC.
The pace of this bull market is very slow, and the market is slowly moving as well. Let's just watch and see how it unfolds.
The bull market is about to take off; these 4 potential coins are expected to surge 100 times, making them worth laying out in advance!
BGB
The price of Bitget Token (BGB) is $2.77, having risen by 12.56% in the past 24 hours. This increase makes BGB a leading altcoin driving the market recovery. Over the past week, the token has soared an astonishing 77%, placing it among the best-performing cryptocurrencies.
BGB was launched in July 2021 as the utility token for the Bitget cryptocurrency exchange, supporting payments within its ecosystem. Current momentum indicates it may soon break its all-time high of $2.95. If the uptrend continues, the token could further solidify its status as a standout asset in the market recovery.
SUI
Sui (SUI) is an innovative Layer 1 blockchain platform recognized for its fast, secure, and easily accessible digital asset solutions. The surge in popularity highlights Sui's impact in decentralized finance, making it a promising investment choice. The efficiency of this blockchain in terms of total locked value (TVL) has driven its growth, with SUI's price recently reaching $3.67.
The significant price increase reflects investors' confidence in Su's potential as a leading altcoin, solidifying its position in the competitive cryptocurrency market.
ADA
Although Cardano's price has remained relatively stable over the years, it has attracted investors' attention this year. In the past 30 days, ADA's price has risen by over 230%, reaching $1.30 at one point in early December, marking the highest price since 2021. Cardano's technical updates have also placed it in a favorable position, especially its large-scale decentralized upgrades, allowing ADA holders to participate in on-chain governance, which has brought it more attention and investment.
DOT
Polkadot has always been a highly regarded project in the blockchain space, with its main feature being its ability to solve interoperability issues between different blockchains. Recently, Polkadot launched the peaq blockchain, focusing on real-world applications and establishing partnerships with major companies such as Mastercard and Bosch. The price of DOT has seen a good increase recently, and it still has significant growth potential in the long term.
