Today, BTC has once again made an independent move, strongly breaking through the 100,000 mark, showcasing an extraordinary trend. However, the expected ETH follow-up did not materialize, appearing rather weak and failing to break through key resistance.
Funds have once again been siphoned off by BTC, the market enthusiasm is insufficient, and altcoins have not seen a widespread increase, resulting in a somewhat sluggish overall market.
Current overall market situation: BTC/ETH has made a strong return, starting to suck blood from altcoins, but altcoins have already broken through the consolidation range in advance, overall bullish.
Last week, Xiao Miao mentioned to focus on leading stocks in popular sectors and capture popular coins through the Belt and Road thinking. The strong performers yesterday were in artificial intelligence and gaming sectors, with FET leading and driving WLD up, $SAND leading the metaverse sector and pushing $GALA up. Currently, sector rotation is accelerating, and by analyzing the correlation between coins, one can seize opportunities for catch-up.
Let's take a closer look at the overall situation of altcoins:
In May 2024, the structure of altcoins is basically similar, and the current trend is also similar. Looking back at May's pullback, after breaking through the range, the pullback shrank in volume, and it rebounded quickly after buying. But then a large bearish candle broke through the range, entering the accumulation zone, ultimately confirming it was a distribution. This structure is full of game theory, and until it breaks through, no one can determine whether it's accumulation or distribution.
The only coping strategy is to set a stop loss. If the pullback fails and stop loss is triggered, it means waiting for a better entry opportunity.
There are 14 days left until Trump takes office and only 22 days until the New Year. Market volatility is increasing, and it's best to wait for market stability before shifting positions and targeting potential coins.
Although the secondary market has corrected, the primary market is still hitting new highs. AI16Z is about to face the previous pressure level of 2.36, while SWARMS is hovering around 0.5, waiting to break out. The popularity of AI Agents also poses challenges to major exchanges, as traffic and funds are flowing towards the primary market. In any case, maintaining the leading spot in spot trading is crucial to remain invincible.
The new '#TikTok game' track is rising, launching tonight, everyone can pay attention! Benchmarking against TON mini-games, will it shine again?
Xiao Miao's recommended altcoin with potential today:
On January 20, Trump will take office again. Once this news broke, the crypto space instantly boiled over, with various hotspots emerging as if to 'revitalize' alongside him. Tokens like ENA, ONDO, LINK, AAVE, and COW have surged in popularity due to the continuous buying enthusiasm from Trump's team, becoming the hottest projects in the market. It seems that Trump is not only adept in politics but also possesses a unique investment vision.
DOGE is worth paying attention to, as Musk officially becomes the leader of DOGE. How will this Twitter 'maniac' lead DOGE to 'fly'? The market is full of expectations.
The wave created by Uncle Trump has filled the crypto space with opportunities. Keep an eye on market dynamics, the next doubling opportunity might be right in front of you!
SUI
SUI, with its innovative technical architecture and strong development capabilities, has become a remarkable new star in the Web3 and DeFi fields. The support from A16z and Coinbase has given it a significant boost. For those optimistic about Web3 and DeFi, this is definitely a quality project worth paying attention to!
FET
The destruction plan for FET has activated market sentiment, with 5 million tokens being destroyed, significantly reducing circulating supply and aiding price increases. Coupled with the ongoing heat of artificial intelligence themes, FET is expected to attract more speculative funds, becoming a noteworthy opportunity point in the near future!
The AI wind in the market has not yet dissipated. Today, Xiao Miao brings you the AI Agent meme token: Wonder.
Market Cap: 600,000
Recently, the 'behind-the-scenes forces' in the market generally believe that the development direction of AI Agents has shifted from AI memes to dialogue Agents and execution Agents.
@Wonder_AI_ focuses on a personalized meme creation platform, with a strong team and stable operations, worth a try, but be sure to control your position to avoid excessive chasing.
