In the past few days, Bitcoin has been continuously breaking new highs, and Ethereum has also been breaking through. The overall market is steadily climbing, with Ethereum and Ripple performing relatively strong, while other mainstream and large altcoins are generally being drained. Funds will only flow to other mainstream and large altcoins after Bitcoin stabilizes and consolidates. However, Bitcoin hasn't seen much volume increase during its rise, and the current trend still has the potential to continue rising, with the possibility of hovering around 110,000 in the short term.
Bitcoin is expected to consolidate around 105,000, maintaining a steady trend of breaking new highs, but unfortunately without volume. If there's no significant volume to pull it up, it’s merely being lifted through draining, so be cautious of a pullback. A slight increase and consolidation are quite similar, both are testing the market. In a bull market, don’t call for a top, and don’t short when bearish. At this moment, the higher points are critical points in large integer positions, testing and breaking through one by one. This breakthrough will bring pullbacks for solidification, so don’t rush to add positions during pullbacks, and avoid chasing prices up, after all, it’s always comfortable when someone is on guard at the mountain top.
Today's Bitcoin market analysis: From the K-line perspective, the 1-hour level is down, the 4-hour level is down, the 12-hour level is turning downward, and the daily level is still in an uptrend. The intraday resistance level is 108,500, and the support level is 102,500 USD.
The three altcoins worth paying attention to are expected to yield 10-100 times returns!
1.SOL
Solana, this layer one blockchain, has seen a tremendous price increase, rising more than 186% over the past year. Although it slightly dropped in the last 24 hours to 223 USD, people still have high hopes for it.
Solana has broken through a key price level, and the derivatives market has also become active, with trading volume surging. It seems investors are quite confident. By January 2025, SOL still has a lot of room for growth.
2.DOGE
It's an old-school variety that gained popularity thanks to the support of fans and celebrities. Its uses are becoming more diverse, even Tesla is using it now.
If more people use it in the future, reaching 1 USD by 2025 is not impossible.
3.PEPE
PEPE is a deflationary memecoin launched on the Ethereum blockchain to pay tribute to the Pepe the Frog internet meme created by Matt Furie.
From late April to May 2023, PEPE experienced a significant surge, with a market cap reaching 1.6 billion USD. The project's roadmap includes three phases: first listing on platforms like CoinMarketCap and gaining popularity on Twitter, then listing on centralized exchanges, and finally listing on 'first-tier' exchanges to 'dominate the meme'. During what some call the 'meme coin season', the token's performance has attracted attention.
