Some important news:
1. Two South Koreans were arrested for allegedly manipulating the price of $ACE tokens on Bithumb.
2. Matrixport: Bitcoin may perform strongly in 2025, but a correction may occur in 2026.
3. A man in Xiamen profited over 1.6 million yuan by stealing and selling his friend's virtual currency. He is currently facing prosecution for theft by the Huli District Prosecutor's Office and may face over ten years in prison and fines.
4. The court has previously approved FTX's Chapter 11 restructuring plan to take effect on January 3, 2025, and set today as the record date for the first allocation. BitGo and Kraken have been designated as FTX distribution partners to assist clients and creditors in allocating recovery funds. The first distribution is expected to be completed within 60 days after the effective date.
How have you been doing with the market these days? The fluctuations have mostly been within my estimated range, and it seems the downtrend has stopped, with a hint of a rebound. However, based on the data, it seems a bit difficult to soar in the short term! Bitcoin is expected to hover between 94,500 and 99,800. Although there was a slight increase, the momentum is not strong, and the trading volume hasn't followed suit, so don't rush to call a bull market.
Back to today's BTC technical analysis: From the K-line perspective, the hourly level shows a downtrend, the 4-hour level is showing an uptrend (about to consolidate or drop), the 12-hour level shows an uptrend, and the daily level shows an uptrend, with an intraday resistance at 99,800 and support at 95,200 dollars.
Let's talk about $BNB again. I estimate it will continue to consolidate between 685 and 730. Yesterday, the results of the 63rd airdrop of BIO came out, and hey, the price was quite similar to the prediction in my previous article about $BIO, around 0.8, peaking at 1.477. A bargain indeed, be content! Also, the MEGADROP is coming soon, and to get rewards this time, you need to complete tasks or hold BNB regularly!
Finally, let's talk about the second one, $ETH. It is slightly stronger than Bitcoin, expected to fluctuate between 3,400 and 3,700.
Bottom fishing for 3 cryptocurrencies that may soar 10-100 times!
1.AVAX
Despite facing difficulties recently, including a 2% drop in Avalanche's price over the past week and a 25% drop compared to last month, the Avalanche community remains hopeful, as many believe altcoins can regain bullish momentum this year and retest the historical high of $146 (new high). Technical indicators help reinforce this expectation of a revival in trading volume.
According to Avalanche's recent price prediction, the price of Avalanche may trade in the range of $32 to $180 this year, reflecting its ongoing integration and tremendous growth potential. For those paying attention to leading altcoins in the market, AVAX offers a compelling outlook, especially as its ecosystem continues to evolve.
2.DOGE
The fluctuations within this range are a healthy trend because the previous surge of Dogecoin attracted a large influx of new capital, which needs some time to digest.
It can also be understood as washing out the indecisive holders, and the way to wash is to follow the market to continuously oscillate widely. The fluctuation range of Dogecoin will be much larger than that of BTC and ETH, which is a characteristic of small altcoin MEME coins and is unavoidable.
Dogecoin fluctuates due to Musk; a message from him can trigger a price swing. This is a significant part of Musk's rise; you have to trust his vision. He just helped push Trump into the presidency, and the robotics sector is indeed another aspiration for human life today. Therefore, Dogecoin breaking $1 is just around the corner!
3.ACT
ACT and GNON have officially established a strategic partnership, committed to supporting the flourishing development of GNON EchoChambers and integrating GNON's technology stack into the upcoming ACT projects and applications.
Firstly, ACT's partners and beneficiaries will integrate EchoChambers. Secondly, GNON will provide development assistance for ACT's future projects and its advanced technology stack. The future development prospects of GNON are highly anticipated. Currently, the position of atc is still suitable for building a position, with spot trading being preferable. The target can look towards 0.4 and above.
ACT's washing is the most intense. Leveraging the heat of the AI sector, it will continue to rise. Once the on-chain chips go live on exchanges, they will generally be cleared, leaving a significant cost gap, possibly 10 times or even 100 times. Don't be afraid; once the meme sector has a favorable shift, the rise will be very rapid.
