Last night, after the US stock market opened, the market suddenly changed dramatically. Tesla acted like an invisible giant hand, dragging related sectors down.
Main funds act amid chaos, like seasoned hunters, launching large-scale wash trading, causing both long and short positions to be liquidated!
Will Bitcoin drop again? Where will the rebound go? Look here!
BTC has continued to decline after breaking the 100,000 support, but I believe the drop is nearing its end, preparing to enter. The 95,800-96,100 range is the golden ratio line, with strong support; although the pullback is deep, it is still acceptable.
This is also the previous support and resistance area; a pullback is expected to be near its end, and one can consider going long at lows, thinking about taking profits when rebounding to around 98,400.
SOL has short-term support around 197; consider trying to go long at this position, with profit targets at $206 and $210.
This bull market indeed poses great challenges; stay calm, buy low and sell high, and avoid panic selling.
Today's market hot spots to watch:
Operation suggestion: Currently, mainstream coins in the market are generally retracing to the upper middle track of the previous bottoming structure; a large bearish candle down is likely to have aftershocks, which will also limit the height of a secondary rebound. When the second support receives a small rebound, exit; this structure will extend the adjustment time. In the market, counter-trend dumping cannot be completely avoided; the key is to cultivate good investment habits to reduce risks. As this wave of adjustments ends, what should we focus on?
Dogecoin (DOGE)
Recent market activity has significantly increased, with large investors (“whales”) particularly active in trading, with a surge in large transactions over $100,000, indicating a recovery in market interest. This may signal a potential price increase. Historical data shows that January tends to be favorable for Dogecoin, with an average return of 85%. In 2014 and 2021, it recorded exceptionally high returns of 250% and 700%, respectively. Its median return in January is 5%, second only to October's 8%.
In the futures market, open interest has reached a new high of 10.35 billion DOGE, exceeding the historical record of 10 billion in March 2024, reflecting more new capital flowing into the market. This is consistent with technical indicators such as the 50-day moving average (SMA), supporting a bullish trend. In the short term, analysts have set a target price of $0.50, but considering the low trading volume since November, resistance at $0.40 may still exist.
Looking to the future, some predictions suggest that Dogecoin may rise to $1 by 2025, a significant increase from its historical high of $0.70 in 2021, which would bring its market cap to $100 billion. However, achieving this goal depends on sustained market interest and broader adoption.
PEPE
Soaring 1,637% in a year, turning a $1,000 investment into $17,370 in 365 days, becoming one of the hottest Meme coins in the crypto market. Its current price is $0.00002050, and it has surged significantly due to Trump's re-election and the overall market rally.
With two weeks counting down to Trump's inauguration, the crypto market is ushering in a new round of expectations. His planned cryptocurrency policies may further boost the prices of major altcoins. Predictions suggest that while the increase in 2025 may not match the four-digit growth of 2024, it is still expected to reach triple digits, potentially increasing by about 179% by the end of the year. In other words, investing $1,000 today is projected to grow to $2,790 by the end of 2025.
Following the previously recommended on-chain MEME coin: BUZZ
Currently, Buzz is performing the best among AI and DeFi projects and is worth looking forward to the day it breaks into the billion-dollar club.
BUZZ is increasingly showing the potential of a big dog:
Team technical capability: Top-notch
Narrative and tangible value: Top-notch
Compared to the $500 million market cap that Swarms once reached, BUZZ has a complete opportunity to soar to $300 million!
Today's article ends here. Currently in a bull market, with winds and clouds swirling, we share passwords every day. If you don't know what to do in a bull market, feel free to follow us. Bull market spot passwords, layout strategies can be shared free of charge. Let's embrace the bull market, improve our winning rate, and say goodbye to being trapped at high positions.
