The day before yesterday, I reminded everyone that the market might be about to correct. As a result, Bitcoin really plummeted, and nearly 300,000 people were forced to close their positions. It was a horrible sight!
In fact, there are two main reasons for this plunge: one is that the Federal Reserve’s interest rate cut plan for next year is not strong enough, which has caused bad luck for U.S. stocks and Bitcoin has also been dragged down; the other is that Federal Reserve Chairman Powell said that they will not buy Bitcoin and do not want to change the law.
But I think these two problems are temporary and the market will digest them after a while.
Now Bitcoin has fallen to around 97,000. Don't panic, because this drop is mainly due to news, so it may fluctuate around 100,000 in the short term. If you think the price is right, you can try to buy some spot in batches, up to around 80,000, but don't touch the contract!
$BNB also fell, but now it rebounded very quickly. In the short term, it may fluctuate around 700. If you play spot grid quantitative, you should be able to make some money. Ethereum $ETH is a bit miserable. It fell more than Bitcoin. It has no strength to rebound. The funding rate has also dropped a lot. If it falls again, it may be weak for a while. As for Dogecoin $Doge, everyone knows that it is just a decoration if Ma doesn't speak, but no one knows when Ma will speak.
In general, I think Bitcoin will continue to fluctuate after this adjustment, and the bull market is not over yet. But there may still be some risks in the next few days, and the real opportunity may not come until mid-to-late January. So, it is safer to buy some spot now, and don't touch the contract, it's too scary!
Let's talk about today's daily $BTC market analysis. From the K-line, the 1-hour level is down, the 4-hour level is down, the 12-hour level is down, and the daily level is down. The intraday pressure level is 99,000 and the support level is 94,000 US dollars. Note that 95,000 is an important key position! !
Dogecoin (DOGE)
Dogecoin has undergone significant changes in the past six months, with its price increasing by 207.62%. In the past month, the price has increased by 4.58%, showing a steady upward trend. However, in the past week, the price has fallen by 2.81%, indicating some short-term volatility.
The current price is between $0.36 and $0.46, which is around the 10-day and 100-day simple moving averages of $0.38 and $0.40, respectively. The relative strength index (RSI) is 36.39, which indicates that the coin is not overbought and may still rise.
If Dogecoin breaks through the nearest resistance at $0.51, it could reach the second resistance at $0.616, a gain of about 34%. On the other hand, if it falls below the $0.31 support, it could fall to the next support at $0.21, a drop of about 41%.
Shiba Inu (SHIB)
Shiba Inu (SHIB) has shown significant price movement recently. The past week has seen a price drop of about 6%. In contrast, the past month has brought a small increase of 3%. Over the past 6 months, the price has increased by nearly 42%, indicating strong long-term growth.
The recent weekly decline may indicate a short-term correction. Technical indicators show that the RSI is at 34.51, approaching oversold territory, which may indicate that prices may rise.
Bonk（BONK）
Bonk (BONK) has quickly become Solana’s most successful meme coin thanks to its viral appeal and seamless integration with the Solana blockchain.
Unlike traditional meme tokens, BONK leverages Solana’s high-speed, low-fee infrastructure, making it suitable for tipping, payments, and decentralized finance (DeFi) applications. Its rapid rise mirrors the success of Dogecoin and Shiba Inu, thanks to a passionate and growing community.
As the Solana ecosystem continues to expand, BONK benefits directly from this momentum. With a very low price and huge potential, BONK offers room for explosive growth, especially if meme coins dominate the next bull run. If BONK replicates Dogecoin's meteoric growth, a $100 investment today could generate returns of over 10,000%.
Floki Inu (FLOKI)
Floki Inu (FLOKI) started out as a meme coin but has since transformed into a serious project focused on building utility into its ecosystem. With products like DeFi platform FlokiFi and metaverse game Valhalla, FLOKI is moving beyond its meme coin origins to provide real value to users. There are several reasons why investors are excited about FLOKI.
First, its ecosystem offers utility beyond the initial hype, including DeFi solutions, NFTs, and Metaverse integration, all of which tap into high-growth markets. Second, FLOKI remains affordable, still trading at fractions of a cent, offering huge upside potential for early investors.
Finally, its strong global marketing campaign and active community engagement make it a compelling investment. If Floki Inu continues to develop into a utility-oriented project, it could achieve returns of 5,000% or more by mid-2025.
The cryptocurrency world has always been a process of survival of the fittest and elimination of the weak! If you don’t want to be eliminated, you must make changes!
Every penny you earn is the manifestation of your understanding of the world; every penny you lose is caused by your cognitive defects. The greatest fairness in this world is that when a person's wealth is greater than his own cognition, this society will have 100 ways to harvest you! !
Until your cognition and wealth match each other. Waiting for a bull market is the most tiring thing!
But if you wait until then, you will know what it means to have sweet things after bitterness. Don’t leave the market, the hard times are coming to an end, and the violent bull market is coming!
If you have been stumbling around in the cryptocurrency circle and can’t find your direction! Or you have been losing money! You can follow me
