As BTC's price fluctuates downwards, the daily moving averages continue to move down, with short-term support around 90,900. If the price continues to dip, the 90,000 whole number may become a key support.
BTC has fallen below the 92,000-100,000 range. Although a sell-off has not yet been triggered, there is still a possibility of further pullback in the short term. The daily support is moving downwards, while the weekly and monthly supports are far away, around 78,000. If it breaks below the daily range, it could accelerate the decline, but there's no need to be overly pessimistic. If it drops rapidly, it may be an opportunity to buy the dip.
Recently, altcoin performance has been quite good. Although BTC has dragged down the overall market, there is still differentiation. AI Agent is currently the strongest narrative, combining the liquidity of memes with the value of building, and is expected to become a main sector in the 2025 bull market, potentially leading to multiple large projects worth billions. If investors can seize potential stocks, AI SUMMER will bring substantial returns.
Let's take another look at the individual coin situation in the secondary market:
BNB
Since December 20, $BNB has rebounded strongly after a pullback, adjusting after reaching the previous high resistance level, but the bears have not shown increased selling, indicating that the pullback is a buildup of strength rather than a signal of a major drop.
This rise has broken through the previous high, and the pullback has not breached the previous low, indicating that the bulls are dominant. The 4 AM candlestick stopped falling at the support level, and the lows are gradually rising, with the long lower shadow indicating strong support.
Overall, BNB's support level has stopped falling, and the bullish advantage is obvious. The four-hour trend is upward, and further gains are expected. This is a good short-term entry point, but operations need to be cautious, with clear take-profit and stop-loss levels to avoid risks from greed.
THE
The current price is $1.58; it is recommended to directly enter a position, with the average buying range set at 1.35 and 1.25. Next year is a great bull market, and there’s no need to worry about short-term losses; the key is to increase positions rather than cut losses.
Reasons for optimism: $THE belongs to the DeFi sector, and the performance of strong coins is self-evident. THE is an innovative decentralized exchange (DEX) based on the BNB chain, which has a promising development outlook, with vast potential in the future.
Technical aspect: The selling pressure has been digested, and the project has been live for a year, moving out of the bottom range. If the 4-hour chart breaks through the EMA moving average, the space will further open up. The cost-effectiveness of entering at this time is good.
DOGE$DOGE
In the past four weeks, Dogecoin's price movement has been sluggish, particularly in the last two weeks, which saw a significant decline, breaking below the $0.35 resistance level that was breached in early November. Currently, Dogecoin's weekly chart shows fractal movements, and this repeating pattern has existed since its inception in 2013, providing a historical reference for the current trend.
From the chart, after breaking through the previous high, the downtrend line shows fractal movements accompanied by significant corrections. This period has dropped to a low of $0.48, which is 45.8% down. However, after the corrections in the previous two periods, there was a strong rebound, reaching new highs, and history may repeat itself.
Today's article ends here. Currently, we are in a bull market with much activity; we share insights every day. If you're unsure about what to do in a bull market, feel free to follow us for spot trading insights and strategies, which we can share freely.