First, let’s summarize the important news:
1. A certain whale that 'bought low and sold high, profiting 14.26 million dollars from WBTC' deposited 2000 ETH (approximately 6.95 million dollars) into Binance and currently holds 37,688 ETH.
2. Russian Finance Minister Anton Siluanov stated today that Russian companies have begun using Bitcoin and other digital currencies for international payments.
3. The year 2024 is a milestone year for the cryptocurrency market, with iconic events including the launch of spot Bitcoin ETFs, the Bitcoin halving event in April, and support from Trump. Overall, the S&P 500 index rose by 25%, and Bitcoin's price increased by nearly 120%. Among the best-performing stocks, MicroStrategy (MSTR) led with a 402% increase.
4. K33 Research: If history repeats itself, Bitcoin could reach its cyclical peak within three weeks, possibly during Trump’s inauguration.
Market analysis:
Bitcoin has made a small rebound, bringing other mainstream coins and altcoins along for the ride! However, we need to be sober; the chances of bullish movements are still smaller than bearish ones right now, especially with the Christmas break in the US stock market, which will likely cool down trading enthusiasm. If you bravely picked up some assets during this drop, you can now consider making a small profit by trading around 100,000, and then sit back and wait for better opportunities!
Speaking of predictions, I think Bitcoin might fluctuate between 94,000 and 100,000. Although it has broken through the downward channel, it seems that institutions do not intend to increase their holdings during Christmas, so the downward risk is still greater than the upward opportunity. The market might suddenly experience a 'pin needle correction', so let’s take it easy and not blindly chase high prices. If it really drops below 95,000, that would be a good opportunity for us to accumulate assets in batches! Remember, it's better to miss out than to be trapped!
Back to today’s daily BTC market analysis: From the candlestick chart, the 1-hour level shows a downtrend, the 4-hour level is about to decline or consolidate, the 12-hour level indicates an uptrend, and if today’s daily line closes positively, it will enter an uptrend. The intraday resistance level is 102,000, and the support level is 96,500 dollars.
After the holiday, buy the dip on these 3 altcoins that may surge 100 times!
IMX
It offers a compelling case for investors interested in the booming NFT industry. Recent developments highlight the growing ecosystem of Immutable X. Key partnerships, including one with gaming giant Netmarble, indicate increasing adoption of the protocol among major players. These updates align with a recent 7.71% price surge in IMX over the past 24 hours.
The sentiment towards Immutable X seems neutral, with an RSI of 47.54, indicating that the token may consolidate in the short term. However, its secure foundation on Ethereum and advanced features like API abstraction layers and NFT-specific wallet integrations set it apart. Long-term indicators (such as the trading price being 9.68% below the 200-day SMA) suggest that as the NFT market regains momentum, it has recovery potential.
SUI
In today's market, many are looking for blockchain solutions that can scale globally without sacrificing security or usability, and Sui stands out. Its emphasis on accessibility may give Sui an advantage over other more complex or less scalable coins. While the cryptocurrency market is always volatile, Sui’s innovative approach and commitment to user-friendliness make it a project worth watching. Compared to other tokens, Sui focuses on solving real-world problems and making blockchain technology easy to use, potentially attracting more users and developers, thereby increasing market adoption and value.
OM
MANTRA has launched OM Coin, a new blockchain designed with security and regulation in mind. It is built for businesses and developers who need a secure and compliant way to use blockchain technology. Unlike other blockchains, MANTRA enables permissioned applications on a permissionless network. This means you can enjoy the openness of blockchain while having controls that meet legal requirements.
OM Coin is known for its speed and user-friendliness. It can process up to 10,000 transactions per second, making it scalable for large applications. Built on mature technology, it provides tools for creating and managing compliant assets. In today's market, many are cautious about security and compliance, and OM Coin offers a promising solution. Compared to other tokens, it strikes a balance between innovation and legal compliance, which may make it attractive to institutions entering the Web3 space.
