Do you feel that Bitcoin and the entire crypto market are a bit dull recently, and you feel caught between a rock and a hard place?
Don't worry, I'll share some tips with you. In the current market, you need to be patient and don't be too anxious. It's like accumulating strength to launch a big move, and the current small fluctuations are nothing big.
You can choose to use the grid strategy, operate slowly back and forth, reduce costs, or wait for the market trend to emerge before making a decision. After all, the market cannot fluctuate wildly all the time, and consolidation is the norm.
From observations in recent days, platform coins are actually a very stable choice when the market is sideways.
Let's talk about BNB first. I expect it to consolidate between $685 and $725. Today, the 63rd airdrop is about to end, which may have a slight impact on the price. But the good news is that there will be a megadrop project next, which should stabilize the price and will not fluctuate too much. It should be noted that you have to deposit a fixed amount or complete a task to participate in the megadrop, don't make a mistake.
Next is Ethereum (ETH). I expect it to fluctuate between $3,200 and $3,500. Institutions have been buying it recently, and the price seems to be in line with the current situation. Unless Bitcoin makes a big move, Ethereum should still be in this range within 24 hours.
Technical analysis of Bitcoin today: From the K-line, the 1-hour level is rising, but the momentum is insufficient; the 4-hour level is rising; the 12-hour level is rising; the daily level is in a sideways state. Today's pressure level is $97,800 and the support level is $92,200.
In the past two days, the crypto market has seen a small rebound!
Bitcoin has oscillated back to $95,000, while Ethereum is fluctuating around $3,389.
From the K-line chart, the price of Bitcoin fell from a high of $108,000 to a low of $91,500. After several dips, $91,500 is already a relatively strong support level in the short term.
If this support gets broken, the next supports are likely to be between $89,000 and $83,475.
From the perspective of market sentiment, the Fear and Greed Index has dropped to 51, indicating that market sentiment is somewhat depressed.
It is expected that market liquidity and sentiment will gradually pick up after January 6, when U.S. institutions and investors return to work after the Christmas holidays.
In general, the big cycle of the market has not ended yet, and now it is just the small cycle that has peaked. The market will not keep rising or falling. Short-term fluctuations may be affected by negative expectations, but when positive expectations increase, the market will gradually strengthen.
Let’s take a look at the situation of altcoins
Recently, there has been a wave of increases in altcoins as a whole, with the strongest sector being the AI agent sector.
Coins like virtual, ai16z, eliza, and goat have all risen to varying degrees.
In particular, the price of virtual, the leader in AI agents, hit a new high, reaching as high as US$5, and its market value exceeded US$5 billion.
We ambushed this project at around 1.6 US dollars, and now it has tripled. After getting back the principal, we will keep the remaining profit and let it run.
ai16z also hit a new high, with the price reaching 2.3 US dollars.
We bought in the 0.2-0.4 range, and now the return is almost 8 to 10 times.
After getting the capital back, you can continue to hold these projects and see how they perform in the future. There may be more surprises.
Recently I have also been screening some new projects. If there are any with higher certainty, I will share them in the group as soon as possible.
Judging from the current trend, the strong altcoins will get stronger and the gains are increasingly concentrated in a few large projects. We can look forward to how the AI agency sector will perform next year.
In addition, xrp, xlm, hbar, and ada in the compliance sector also rebounded.
The URO and RIF of the Desci sector are also rising.
In particular, the leading bio in the Desci sector will be launched on Binance tomorrow. You can pay attention to its price trend after its launch, as well as the market consensus and popularity.
Musk's recent operation on the X platform has once again caused quite a stir in the cryptocurrency circle!
On December 31, 2024, Musk, the world's richest man and CEO of Tesla, changed his nickname on X to "Kekius Maximus". As a result, this move directly triggered a surge in the meme coin Kekius Maximus with the same name as the nickname.
According to CoinGecko data, before Musk changed his name, the price of Kekius Maximus was around $0.0112, but after the name change, the price of this coin soared, and it rose more than 9 times on December 31 alone! On January 1, 2025, the price of Kekius Maximus continued to rise, reaching a high of $0.40. Currently, the price of this coin fluctuates around $0.3495, and the total market value has exceeded $330 million, which has risen by more than 3,000% compared to before Musk changed his name.
However, it is worth reminding that the price fluctuations of memecoins are usually very drastic and the risks are extremely high, so investors need to operate with caution.
In the new year, we have to figure out how to make money in the market:
1. Mindset:
Stay calm about the fluctuation of Bitcoin and don't let it affect your mood. Now BTC is like a weather vane of the market, and its rise and fall have less impact on many altcoins than before. Don't start to doubt whether the bull market is over or the bear market is coming when you see the large fluctuation of BTC? This kind of question is meaningless. After all, judging from the trend of the altcoin season and some potential positive factors in the future, these short-term fluctuations are just turnover in the bull market.
2. Expectations:
Before buying spot coins, you need to know how much you expect to earn, such as 50% or double. If it is 5 times, you need to set a goal and then decide whether it is worth doing. When looking at the characteristics of altcoins, don't just focus on the candlestick chart, but also look at the market value, unlocking plan and roadmap to see if it is possible to trigger certain opportunities and perform well in the market. Don't just look at the good market and ignore these fundamentals.
Trigger point:
①Good news in the future
② Holdings of celebrities or institutions
③Increase in the enthusiasm of sector funds
3. Position:
This is always the key point. When the market is good, remember to take out a part of the profit, don't wait for it to double. When the market is sluggish, it is only suitable to enter the bottom position when there is a clear trigger point, don't gamble all in unless there is a definite positive.
When the market is good, don't chase high prices. Be steady and cautious, set a stop loss, and cancel the stop loss in time, so you won't lose much. When the next opportunity comes, you may be able to double the money you put in the stop loss.
Finally, let’s summarize the important recent information:
1. Several hot AI stocks such as Virtual, AI16z, Griffain, Cookie, Swarms, Snai, Fai, Eliza, Goat, etc. have all risen sharply. The market value of Virtual on the chain has reached a new high of 5 billion US dollars. The current rise is increasingly concentrated in the top large currencies, and small currencies are basically left behind.
2. Compliant coins such as XRP, XLM, ADA, IOTA, Hbar, etc. rebounded. Now exchanges are hyping the concept of US compliance.
3. The public chain FTM is also rising, and FTM will upgrade the chain to become a new chain - Sonic.
4. Pengu, a meme, rose, and big investors continued to withdraw their coins. Kekius, an on-chain meme, plummeted, and Musk even changed the name back.
5. Uro and Rif of the Desci sector surged. BN's new Desci coin $Bio will be listed tomorrow.