The cryptocurrency market has been so up and down these past two days, and the market fluctuations are so dizzying
The Microsoft shareholder meeting mentioned earlier voted against the Bitcoin investment proposal, and Google announced the quantum chip Willow. These news have brought a significant impact on the market. Many retail investors started to sell their stocks when they saw the market fall, but the net inflow of Bitcoin ETFs remained strong. Last night, the US November CPI data came out, which was similar to expectations, and the funding rate also dropped directly to 0.
As the market relaxed, the market began to recover. Last night, Bitcoin broke through $100,000. So what will happen to Bitcoin next? Remember to like, follow, and forward. When Trump takes office in January next year, it is rumored that he hopes that Bitcoin can reach $150,000 when he first takes office. This does not sound impossible. In fact, Trump has mentioned before that he wants to use Bitcoin as an asset.
So, why did Putin start to support Bitcoin? Musk has a point of view that the US debt of 35.7 trillion may cause the United States to go bankrupt, which may also push Bitcoin to the sky. Therefore, there will definitely be more favorable policies at that time. Moreover, ETH may also go bullish with Bitcoin. Do you think Bitcoin can reach 150,000 next year? Welcome to leave a message to discuss!
Today's BTC market analysis: From the K-line, the 1-hour level is falling, the 4-hour level is rising, and the 12-hour level has also entered an upward trend, but the daily level has not yet been confirmed. Today's pressure level is $102,600 and the support level is $98,230.
Looking back at the trend of BTC, it is like a bumpy journey. Although it has experienced many twists and turns, it can always reach new highs after each storm. This is just like our life. Only by overcoming difficulties one after another can we reach the peak of life.
It doesn't matter whether it goes up or down every day. The real bull market is doing subtraction, not adding burden to yourself. If you stare at the ups and downs every day, you won't be able to hold on, let alone make money.
When the bull market is coming to an end, you may look back and regret: "If only I had held on." But there are not so many "ifs" or "backs" in life. What you need to do now is to remember one thing: the bull market is not over yet!
Ethereum's on-chain activity is dying?!
The activity on the chain has indeed increased significantly this year, both the number of on-chain wallets and the number of transfers have continued to rise.
However, there is a noteworthy trend behind the scenes - Ethereum, once regarded as the on-chain overlord, seems to be gradually losing its dominance.
Looking back at 2021, the scale of Ethereum's on-chain transfers once exceeded that of Bitcoin, and even competed with the transfer scale of stablecoins. But by 2024, the volume of Ethereum's on-chain transfers has become negligible and almost negligible.
On the contrary, Bitcoin has always been as stable as a rock, and the proportion of on-chain transfers has remained stable, making it worthy of being the big brother.
The reason behind Ethereum’s gradual decline is the rise of stablecoins. The market share that Ethereum once held has been almost replaced by stablecoins.
So why is Ethereum's on-chain transfer gradually "dying"? The core reason is that the transaction fees on the Ethereum chain are too high and the speed is slow, which also makes it labeled as a "noble chain". If you want to reduce gas fees, the only option is to turn to Layer2.
However, the Layer2 experience is generally poor, and many users find it difficult to use.
It seems that Ethereum has revealed its true colors and will gradually be eliminated from application scenarios, right?
Let's talk about the cottage aspect:
Guidance: BTC, Doge, SOL, BNB
Valuable VC coins: Eigen, IO, STX, APT, SUI, ENA, JTO, FTM
Valuable Meme Coins: ACT, Goat, Cheems, Virtual, PEPE
Consensus and conspiracy: Usual, Move, Dego, ZKJ, BB pay attention to DYOR
I really don’t understand: ETH, XRP, Ordi, Pnut
Hope everyone can reach the promised land.
Let me tell you again, it doesn’t matter if you can’t find the coins that will rise or even skyrocket, there are people who can find them! I have also posted an article twice to teach you how to find high-quality altcoins, you can go and have a look.
You can see farther by standing on the shoulders of giants, and you will never lack soup if you follow the big brother!
I have published so many articles on PEPE and DOGE. I believe everyone knows that I have always been optimistic about PEPE and DOGE. Let me explain the reasons here. There are several points:
First, they have a strong market consensus and are representative of community culture;
In addition, they have taken the lead in the entire Meme coin field and promoted the rise of other projects. PEPE has been very active recently. Although it is in an adjustment period, it still has the potential to rise. It is recommended to enter the market in batches to reduce risks.
As the "big brother" of Meme coins, DOGE has solid fundamentals and high capital attention. Once the Meme sector explodes again, it may become the leader and is suitable for stable holdings.
In general, PEPE and DOGE will not be absent in the market. Once the market picks up, the returns will be considerable. As long as you remain patient, long-term holding is a good choice.
Of course, there are other altcoins to look at:
Analysis of BAN, PNUT and SHIB:
BAN has recently seen some funds accumulating at the bottom, but the adjustment period is relatively short. The longer the adjustment period, the stronger the subsequent explosive force may be.
As for PNUT, its financial support is obviously stronger than that of BAN, and many people are optimistic about it. Therefore, even if BAN falls below an important support level, PNUT basically has no significant correction and its funds are relatively stable.
So is PNUT a good buy now? This big pullback did not fall below the key position, so it is relatively safe. However, it is not completely certain whether it is completely safe, after all, it has not experienced a long period of adjustment.
Just like SHIB in 2021, it has been accumulating funds at the bottom, neither rising nor falling, and has been trading sideways for half a year. As a result, it skyrocketed 20 times. This trend is actually relatively stable.
So you can consider buying BAN and PNUT at the moment, but don’t invest heavily unless you are really prepared to hold them for the long term. It is still important to diversify your investments and stay flexible.
Finally, in a bull market, formulating a good trading plan and strictly executing it is the key to making profits!
The emphasis on controlling positions and reducing positions at zero cost is not just talk, but a real operating principle. Once you have your own trading strategy, the key to the follow-up is to strictly implement it, so that your income will be stable in the bull market.
1. Zero cost holding:
The most ideal state in a bull market is to achieve zero cost. What does it mean? For example, if you enter the market near comp71 and it rises to 144 at the highest, if you reduce all your positions at 140, then the remaining position is profit, thus achieving zero cost.
In the following adjustment phase, you will be able to maintain a calm mind, not panic, and not be anxious about price fluctuations. Simply put, if the price goes up, you still have profits on the car; if the price goes down, you don’t have to worry about the principal being hurt, this is the advantage of zero cost.
2. Keep positions in high-quality altcoins:
Never sell out high-quality altcoins, especially when your chips are already very low. Unless a black swan event occurs, it will be difficult to give you another chance to enter the market at a low price. For example, the FET at $1.3, DASH at $35, PEPE at $115, and LPT at $11 mentioned earlier, once you miss these prices, it will be difficult to see such low prices again unless there is a major negative impact. If you sold them all last week, it would be a pity.
As long as your underlying assets are of good quality, it is only a matter of time before they rise in a bull market. Selling at a loss is the most frustrating situation in a bull market. In order to avoid selling at a loss, you must keep a portion of your underlying assets, try to hold them at zero cost, and sell them in batches. It sounds simple, but it may take several years of practical experience to execute this strategy well. Remember, the key to success lies in execution.
3. Clearance should be done in batches:
When clearing your positions, don't sell them all at once. It's best to clear half of them first, and then gradually clear the remaining positions. No one can accurately predict the top and bottom of the market. Manage your mentality well, read the first two points more, and you will naturally have the answer to the timing of clearing your positions.
In the cryptocurrency world, being able to "sell" is the key to getting dividends. Escaping the top is very important in a bull market. Once the market trend is established, no matter where you buy, it is only a matter of time before it rises. There are many signals of the top, such as frequent hot searches, or the speculative index of altcoins reaching a new high or a historical high in the previous round. If you refer to these data to judge the selling point, although you may not be able to sell at the highest point, looking back, it is likely to be a staged high point.
