In the past 24 hours, there has been a liquidation of $1.023 billion across the network, affecting over 300,000 people. Cherish life and stay away from contracts; spot users have nothing to worry about. Just wait for the right time to adjust. After the adjustment, meme, AI, DEFI, and public chains will still have bright rebounds. There’s not much to say about Bitcoin's long-term cycle; the bull market cycle is still ongoing, and I remain very optimistic about next year's market.
Bitcoin has clear support signals around 95,000. From the weekend to next week leading up to Christmas, avoid making any aggressive trading moves, especially since foreigners will soon be on holiday.
Next, let's look at events that influence sentiment, namely macroeconomic and fundamental factors: tonight, there will be PCE data. In fact, Powell's previous remarks have already made it clear that it is unlikely there will be interest rate cuts in January; it's just about how the market interprets the data, and the bearish sentiment won't be too bad. The main concern is that the weekend is approaching, and there will be no liquidity during that time. Following that, on the 23rd, MSTR will officially enter the Nasdaq 100, which is a solid positive for funds, and hopefully, this can boost market sentiment. Then, on the 24th and 25th (Christmas), the U.S. stock market will be closed. If there are no significant negative events during the Christmas period, BTC should be able to safely pass through. If sentiment is poor at that time, the market might test the bottom again. This is the expectation from now until Christmas; we will see if any positive news emerges in the next few days to influence the market.
As for the timing of altcoin surges, Lao Yao believes we need to wait for Bitcoin's market share to decline further, and for Ethereum (Auntie) to perform strongly before altcoins have the opportunity to rise. Everyone needs to patiently wait for market changes.
Focus on a few potential coins that are stabilizing after a pullback! You can pay attention!
wld
wld has always been the focus of market attention as a leader in the AI series. Although the entire market has not performed well recently, Lao Yao believes this is only temporary. The fundamentals of wld remain robust, and when the next wave of market activity starts, it is expected to continue leading. So, there is no need for everyone to worry too much; just be patient and wait.
usual
usual integrates the two popular sectors of RWA and DEFI, and its strength should not be underestimated. The principle of the strong getting stronger applies in the cryptocurrency world as well, and we can look forward to whether usual can drive an overall rise in the RWA sector.
doge
Dogecoin (doge) has shown clear adjustments recently, with the 0.26 level below becoming an important support area. Currently in an adjustment phase, everyone needs to be patient.
pepe
Regarding pepe on a daily level, Lao Yao believes that as the market stabilizes, its performance will not be poor. Once stability is achieved, it would be wise to consider positioning a portion of the holdings! Everyone should keep a close eye on this.
