Family, I've heard some insider news that these three coins are about to rise, now is the best time to enter, hurry and take a look!
The important turning point has arrived! There is new news about the Federal Reserve's rate cuts. Will this be a good thing?
And now, which hot coins are worth laying out? Let's take a look with Shuqin~
First of all, the market in the cryptocurrency world is expected to welcome a real turning point.
As everyone has seen, the recent crash in the crypto market has been caused by the Federal Reserve adopting a hawkish stance. Not only has Bitcoin dropped, but the US stock market has also plummeted. However, this situation has now reached a turning point. Look at the chart.
According to data from the Wall Street interest rate market, the probability of a rate cut in March has surged to 51.6%, while the probability of two cuts is 5.2%. Together, these probabilities are much higher than that of no rate cuts, marking an important turning point, as Wall Street had previously expected the Federal Reserve to not cut rates last year.
As for the previous data, everyone should remember that it was expected that rates would not be cut until at least June next year, but now, due to a sudden dovish turn by Federal Reserve officials, the probability of a rate cut has risen again, with the earliest cut potentially happening in March. It's truly a dramatic turnaround.
The sharp rise of the US dollar index (DXY) may be coming to an end, as the dollar has appreciated nearly 9%, approaching the Fibonacci 0.618 golden ratio. I believe there’s a significant chance of a pullback.
As the dollar depreciates, does this mean that Bitcoin and US stocks are relatively appreciating? This was another factor in the great bull market of 2020 and 2021, as the dollar kept depreciating, and people turned to hold US stocks and cryptocurrencies. Therefore, aside from the Federal Reserve's interest rates, the DXY dollar index has a significant macro impact on the cryptocurrency space, something that those without a professional background wouldn’t understand. Don't forget to follow, so you can see Shuqin's analysis in real time.
However, the cryptocurrency space is not without its negatives, as the major player MicroStrategy seems to be facing trouble. Its stock price has recently dropped from over $540 to the $20 range, nearly halving. It’s important to note that MicroStrategy was able to buy over 400,000 Bitcoins because it raised funds through pledging or issuing stock.
With its stock price halving, this may affect its subsequent financing and Bitcoin purchases. This is considered a minor negative, but it’s not likely to cause liquidation. As long as MicroStrategy can pay the interest, there will be no problem; this level of interest is negligible.
Moreover, you need to understand a principle: extreme situations will lead to opposite outcomes. The sharp decline of MicroStrategy presents a significant opportunity for a rebound, which could actually help restore Bitcoin and people's confidence.
Nvidia is set to release its latest generation of graphics cards at the CES conference on the 6th of this month, attracting global media attention. This should provide a nice boost for the AI sector, particularly Fet and Render, which we have previously advised to position in. We have talked about this for several sessions, and when Nvidia makes its official announcement on the 6th, we will take profits.
Now, meme coins also show signs of a resurgence. For example, yesterday, Musk directly changed his profile picture to that of Pepe the frog and shared pictures of him fighting alongside Pepe, causing the little frog to surge 25% in a day.
Just look at how prominent Pepe has become; Musk even changed his profile picture to a frog. I don't believe he doesn't hold this coin. Pepe is now back in people's sight and should have considerable momentum. I think it will strengthen over the next few weeks, of course, provided that Bitcoin doesn’t lag. Shuqin has always been a firm holder of Pepe; I think it’s like the Doge and Shib of the last bull market, and by the end of this year, it will definitely drop a zero.
Because this coin typically doesn't rise, but when it does, it can increase significantly, around two or three times. I think in this bull market, it can definitely make a couple of significant moves, so a fivefold increase and dropping a zero is a certainty.
Musk has made such a big news, generating great expectations for Dogecoin. Especially since Old Ma is set to take office as the Doge Minister on the 20th; Dogecoin is definitely worth positioning ahead of time, and it won't take long, just two weeks. We will soon see the result of whether he is a mule or a horse. Shuqin has been talking about this for several weeks now. I wonder if everyone has bottom-fished?
If the meme coin season arrives, then Solana will definitely be the biggest beneficiary, as 80% of its on-chain transactions come from meme coins.
From the K-line perspective, Sol has tried several times to break above the $200 mark recently, but has ultimately been pulled down by Bitcoin. However, do you remember what Shuqin mentioned before? Once it breaks above the $200 mark, it will surge, potentially reaching the first resistance at $212.
Of course, the best would be to follow me in bottom-fishing. Whether it's Sol, ETH, or Puffer, we bought them during the previous crash. Sol was bought for over $170, and I'm quite satisfied with that price.
In the short term, Shuqin mentioned on Monday that the major player would go to liquidate the long positions at 91500, and after the long positions are liquidated, they would then go for the short positions. Just look at how Bitcoin is moving now, it’s really spot on. The major player is adjusting the leverage, and with this data, you will find trading cryptocurrencies feels like cheating.
Yesterday, when Musk tweeted positively about Pepe, Shuqin was the first to report it. At that time, it was only $0.18, and by evening it had risen over 20%. So Shuqin is keeping an eye on the market and news every day, and whenever there's an opportunity, we aggressively open positions. If you're interested, you can come and check it out.
Alright, let's get back to the main topic. At the beginning, we mentioned that the sharp drop in MicroStrategy’s stock price could affect its subsequent Bitcoin purchasing ability, but did you know that there are not only one giant in the cryptocurrency space?
Look, Tether, the parent company of USDT, has stepped in and bought 8,400 Bitcoins worth $780 million yesterday, and it’s not over yet. Just 4 minutes ago, another whale transferred 314 million USDT to a certain exchange. This clearly indicates an intention to enter the market. It shows that the cryptocurrency space is not lacking in bottom-fishing power. Once Wall Street's holidays are over, funds will return and a new market trend will begin.
Additionally, I’ve put the latest Bitcoin liquidation charts from the exchanges on the screen for everyone to see. Where the bars are high, that’s where liquidation is dense. Because the cryptocurrency market is a zero-sum game, if someone loses money, then someone else is making money. Therefore, the main strategy of the major players is to liquidate more positions to use them as fuel, providing liquidity for profit-taking. So everyone can refer to this.
Finally, Shuqin wishes everyone a Happy New Year and may all your wishes come true. I hope Bitcoin reaches $200,000 this year, Ethereum hits $10,000, and Pepe drops a zero. Let's hold on together until the end and achieve this small goal of financial freedom, okay?