Bitcoin's lowest point yesterday was 92,500, not breaking the previous low around 92,240, showing signs of gradual stabilization after a second bottom test. The oscillating adjustment is expected to end in about two weeks; it is unlikely to break through 108k in the near term, but it can still touch around 102-104k.
Currently, regardless of whether this is the absolute low point in the short term, the price is considered low for this period, with over 90 seeing over 100. A price of 94k is relatively suitable, with a space above 10,000 points. If you prefer stability, you can wait for Bitcoin to complete a bottom formation around 92-93 before entering; if you are more aggressive, you can consider left-side entry opportunities now. I expect the market to welcome a new round of rises starting in mid-January.
The altcoin season is really slowly starting to heat up. Bitcoin is falling, but altcoins are not following; this is a strong signal. Altcoins currently have a trend of not being able to drop further, and some strong coins are gradually returning to previous highs. Remember to allocate some for coins that are gaining popularity.
It is still a bull market; currently, it is an adjustment within the bull market. When there is a rise, but other altcoins do not rise and instead start to fall, it indicates a short-term peak. When BTC falls, but other altcoins do not follow and instead rise, it indicates a short-term bottom. A new round of altcoin season is about to arrive. The subsequent market will be a performance for altcoins; we can focus on going long on Grayscale. If the altcoin season comes, they will all be pumped. Grayscale's favorite coins will definitely outperform other coins because Grayscale will lift them up.
LPT:
The pump has started. At that time, THETA invested 750 million USD in an external video website. This investment was not mentioned by anyone at that time, and within the circle, AI + video only involves LPT. After transitioning from video to the AI track, LPT is experiencing a strong pump; it is currently at a low point. When the AI wind comes, LPT will explode, and as part of the Grayscale favorites, it is severely undervalued.
ZEN
The total circulation is only 15 million. Grayscale has opened up securities investment in ZEN and submitted the Grayscale Horizen Trust (ZEN) to the U.S. Securities and Exchange Commission (SEC). ZEN is going to create its own chain, and in the future, holding ZEN will also lead to an airdrop of ZKF. This wave of market movement is an independent trend for ZEN; it hasn't dropped, which suggests that the main force has entered, and Grayscale is the main force.
ZEN will eventually rise to 2000. The current market cap of ZEN is 600 million USD, with a price of 38; if it rises 50 times, the market cap would be 30 billion USD, which is only about 1/3 of SOL's current market cap, and it is currently on par with ADA's market cap. The room for growth is enormous.
Grayscale only has two favorite coins, one is ZEN and the other is LPT. In the short term, I will only heavily invest in these two coins, blindly going long on Grayscale. First pump ZEN, then pump LPT. A spiraling rise; those who are timid can position themselves in LINK.
LINK
This is also a Grayscale holding. The main upward trend has not changed and continues to show an upward trend. In this process, a shoulder-top shoulder pattern has appeared, which is usually a false pattern in the mid-rise, used for tricking lines!
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