Yesterday's CPI data met market expectations, prompting Bitcoin (BTC) to return to around $100,000. This rebound is similar to the market reaction triggered by last week's non-farm payroll data. As previously mentioned, unless a black swan event occurs, market declines typically do not last more than 72 hours, which aligns with market rhythms. After experiencing massive liquidation over the past two days, a rapid rebound has arrived.
In this market situation, everyone should remember that if they have not timely reduced their positions or chased prices, now is the time to appropriately lower their positions and ensure some profits are 'locked in'. Avoid panic selling when extreme market conditions arise again, especially during market downturns. Many times, the reason for panic selling is due to being over-leveraged and chasing prices. If the position is not large, a market correction can actually be a good opportunity to average down.
At the same time, it is important to remain calm during an uptrend and control greedy emotions. Only when others are panicking can you have enough chips to buy the dip. Remember, in this market, being conservative doesn't mean you can't make big money; rather, it requires time and patience. Although aggressive contract traders may earn more in the short term, they are also at risk of liquidation and loss due to the aggressive nature of their trades.
Recent strong performers include LINK, AAVE, and SUI. The Trump family's project investments in AAVE and LINK have led to further price increases for these two assets. For assets that have already risen, we do not recommend chasing the price higher. We have also internally recommended related altcoins for positioning, looking forward to future potential.
3 promising altcoins that are about to skyrocket in the bull market!
PNUT
Squirrel Coin (PNUT) surged 400% during Trump's first campaign due to skyrocketing market demand, becoming a dark horse in the crypto market. Although its price has stabilized now, the market remains optimistic about its long-term performance.
Especially during the crypto bull market cycle, MEME coins like PNUT often exhibit amazing upward potential. If the Trump administration implements favorable policies, PNUT may once again become the market focus, warranting close attention from investors.
XRP
Ripple (XRP) has become the focus of market attention due to its application in the payment sector. In the past, it was popular in the market due to its support for Trump administration policies.
If the Trump administration comes to power and promotes XRP as a mainstream cross-border payment solution, it could bring new opportunities and push the price to new highs. However, investors should be cautious of the uncertainties regarding policy developments, particularly how regulatory and policy changes may challenge XRP's future performance.
SUI
SUI's recent strong performance is indeed impressive, with a 29% increase in the past 24 hours and a new historical high indicating high market interest.
The current key support level is $4.37. If the price can maintain above this level, SUI may continue to rise and even break new historical highs. Conversely, if the price falls below $4.37, it may face further corrections, dropping to $3.94 or even lower. If it continues to decline and approaches $3.20, bullish sentiment in the market may be affected, so investors need to closely monitor these key support levels.
