BTC and ETH are fluctuating at high levels, with mixed market conditions, but the DeFi sector is showing strong performance.
Last weekend, Musk posted two interesting pictures on social media—one of a dog running in the city and the other of him riding a pony. The release of these images triggered unusual movements in the MEME sector, with Babydog experiencing a daily increase of 90%, Doge also rising slightly, while PEPE set a new all-time high at night.
The entire market is experiencing a small climax, which is the power of Musk.
Is a new wave of Bitcoin market about to start?
The trends in the past few months closely mirrored those of 2023, with significant bullish momentum in October followed by strong upward consolidation, peaking on January 10 when the ETF launched.
This time, it also started to take off in October, consolidating upward at the end of November and the beginning of December. There are too many buy orders, and it can't go down. Therefore, it is likely to spike again to around 120,000-140,000 in January, coinciding with the inauguration dates of Trump and Musk; I believe the probability of this trend forming is very high.
In the short term, it will be affected by various news, such as whether Microsoft, the world's largest company by market capitalization, will hold a meeting tomorrow to discuss investing in Bitcoin. The result is unknown; if it passes, Bitcoin will at least see an increase of over 10%, but if it doesn't pass, it may slightly pull back.
So the big direction is to see a peak of 120,000-140,000 on January 20, which will also benefit Dogecoin. In the short term, we can look forward to next Tuesday night's Microsoft meeting.
This week, there is also Powell's Federal Reserve interest rate decision; with new officials in place, there will definitely be some positive news!
Cherish the opportunity to get on board!
Ethereum is expected to undergo a significant upgrade in March next year. Historical experience shows that each upgrade brings certain speculation opportunities. Therefore, quality targets like ENA, LDO, ENS, OP, LQTY, etc., are worth focusing on if they pull back. Additionally, projects like ARB, STRK, ZK, METIS, TAO, ETHFI, SSV, etc., are also worth following; you can choose to position for the second wave of market movements based on your familiarity with the targets.
As for positioning during pullbacks, you can boldly consider mainstream coins like ETH, BNB, SOL, DOGE, UNI, etc. In the AI sector, quality targets such as WLD, FET, RENDER, GRT, etc., have not yet fully rebounded and may continue to rise.
Chain gaming projects like YGG, MAGIC, GALA, etc., also have potential in the future. As for some fan sectors and the concept of FTT bankruptcy, they are speculative targets, and positioning at low levels is expected to yield about 20% returns in the short term.
Bitcoin's dominance has pulled back from a high of 61% to around 55%, and there is significant resistance at the 55% level.
So hold onto your altcoins well, we just need to keep an eye on Bitcoin's dominance; once it falls below 50%, altcoins will experience a historic breakthrough and skyrocket!
What we need to do next is: bull market background, liquidity focus, choose the track, seize the leader.
Bitcoin is hovering around $100,000, and the overall market remains healthy; there have been no changes at the daily level, and it is still aiming for $130,000. Altcoins are continuing to rise in rotation; over the weekend, the meme sector gained momentum, but the effect was average. The market is currently adjusting consensus and regaining strength, and we remain optimistic about the meme market.
➜ $DOGE
1. $DOGE: Known as the 'ace' of holdings, Musk fully supports it, and the new department's abbreviation is changed to (D.O.G.E). Its trading is active, liquidity is good, and the trend is stable; the chances of an explosion next month are high.
➜ $NEIRO
Doge's successor Neiro also has a good chance of entering the American version of C, as it has already launched its international version.
➜ $PNUT
PNUT: Old Chen mentioned yesterday that it has gained attention due to its deep ties with Trump, surging 400% two days before the election. Given that related topics will inevitably reignite once Trump is in office, the market enthusiasm will likely soar, and its price may face another surge.
➜ $SUSHI
As the decentralized finance (DeFi) market warms up, the demand for decentralized trading platforms like SushiSwap has increased, directly boosting the value of SUSHI tokens.
The well-known asset management company Golden Tree invested approximately $5.3 million in SushiSwap, enhancing market confidence and providing upward momentum for SUSHI prices. In a bull market context, SUSHI still has upside potential.
➜ $BABYDOGE
In late November, Binance also announced the new spot listing of BABYDOGE.
Recently, the surge of BABYDOGE in turbulent market conditions is mainly attributed to Musk's tweets and the overall development of their team.
➜ $UNI
Old Chen said yesterday that this is the largest holding weight in Grayscale, with huge potential for the future. UNI tokens hold an important position in the DeFi ecosystem. As the DeFi market continues to expand, Uniswap's trading volume and liquidity are expected to keep increasing, thus driving up the value of UNI tokens.
Considering Uniswap's importance in decentralized finance, UNI is undoubtedly an altcoin with high investment potential.
