Recently, I conducted a comparative study and found that Bitcoin's trading volume has dropped to extremely low levels, comparable to its price fluctuations around $65,000 for an eight-month period. This indicates that the current decline in the Bitcoin market is not due to manipulation by "whales" or "big players," but rather the result of mutual games (PVP) among Bitcoin holders in a low liquidity environment. In other words, the true direction of Bitcoin's price will only become clear once market liquidity is restored. In the current low liquidity situation, even small-scale trades can lead to significant price fluctuations, so the observed price drop does not reflect the long-term trend.
From today's Bitcoin K-line, the 1-hour line shows signs of a stop and rebound, but the 4-hour line is still in a downward trend, and the 12-hour line is also in a downward trend. The daily chart's bottoming process is still ongoing, and this cycle may be prolonged. We need to pay attention to the impact of Bitcoin's price fluctuations at key points in the next two days. Currently, Bitcoin's intraday resistance level is at $96,500, and the support level is at $91,000. As New Year's Day approaches, the market may see significant movements.
Ethereum has performed strongly recently, bringing confidence to the market. The signals for a market shift are becoming increasingly clear, and it seems to have entered a new phase. Notably, the compensation from FTX will expire on January 31, and there are only 4 days left. The potential trend of FTT may bring unexpected surprises.
At the same time, AI Agent projects on the blockchain are emerging one after another, but AI projects in the secondary market are relatively calm, seemingly waiting for the right opportunity. From the current trend, the rotation of various sectors may replicate the pattern seen at the beginning of the year, starting with AI projects, followed by meme projects, and then other sectors.
Recently, pnut act neiro seems to be bottoming out and rebounding, indicating that it may have significant potential for future gains. Reviewing the previous trends of BNB and BGB, there are similarities, prompting me to delve into various new coins on BITGET, such as Candybomb, LaunchX, PoolX, and LaunchPool. After screening, I found that FUEL has the highest overlap, and other coins like BGB, TOMA, PUFFER, ZRC, COW, XION, L3, PEAQ, and SWELL also appear frequently. To better assess the potential of these coins, I created an internal form for detailed research.
Here is an investment analysis of some common coins:
Ethereum (ETH)
Buying opportunity: If you do not hold yet, you can first buy a position, and at the two levels of $3200 and $3000, you can add to your position.
COW Coin
This coin has received a lot of attention recently, but there may be some consolidation actions before a rally. Considering the upcoming end of the month and the start of a new yearly line, it is recommended to observe.
MOVE Coin
There is an upward trend support in the range of $0.88 - $0.82, and you can enter at this position; overall, it is a good new coin.
Current investment advice
You may consider buying Ethereum and its related projects, such as Layer 2 OP, ZK staking-related SSV, LDO, and then staking related ETHFI, EIGEN 1716, etc.
pnut Coin: Currently, $0.6 may be the bottom position, and a consolidation is expected. You can enter near $0.64 in the short term, and pay attention to the resistance levels at $0.8 and $1.
COOKIE Coin
Currently, it has surged to near the opening price. In the short term, it may continue to rise along the 4-hour upward trend, but the probability of a one-time breakthrough is small. If there are no low-position chips, it is not recommended to chase the rise; it is better to wait until a consolidation adjustment pattern emerges before entering.
COW Coin and LPT Coin
COW Coin: Recently received a lot of attention; it can wait a little longer.
LPT Coin: Received a lot of attention a few days ago, but the price has been pressed down and still needs to be consolidated.
Usual Coin
Needs adjustment; its trend is greatly influenced by Ethereum. If Ethereum cannot produce a trending market or high-level fluctuations, altcoins will find it hard to have independent markets, and this coin has received a lot of attention previously.
Dogecoin (DOGE)
There is strong support in the range of $0.27 - $0.3, with short-term resistance at around $0.34. The current adjustment situation is quite good; patience is needed.
1721 bb Coin
From the daily chart, it is not a head and shoulders top pattern but rather a bottom range consolidation.
MEMEFI Coin
Currently in a consolidation and fluctuation phase, it is impossible to predict whether it can reach $0.085 next month. The previous trend followed the market, and from the daily and 4-hour charts, the adjustment time is still insufficient.
TURBO Coin
There is a chance to reach a market value of $5 billion; if the market has momentum later, this coin is a strong institutional coin.
RATS Coin
After breaking down, there was another period of decline and consolidation. Pay attention to the range of 50 - 55; if a bottoming pattern appears, a subsequent rise is still possible. However, the decline has lengthened the time cycle, requiring patient waiting for the market.
Bitcoin (BTC)
Currently, I do not see any signs of it dropping below $80,000.
KAVA Coin and GMT Coin
KAVA Coin: The consolidation and repair situation is quite good, waiting for Ethereum to drive the market.
GMT Coin: There was a wave of increase previously, but the current trend is not good, waiting for repair.
ZEN Coin
After a rise and fall, there is short-term support near $27 in the short term, and further down near $21 has strong support. Overall, it needs some time for consolidation and repair.
AI Projects
Currently in a bottom accumulation phase, with strong support near $0.075.
