After the United States released the CPI data for November, the probability of the Federal Reserve cutting interest rates by 25 basis points in December has reached 98.6%. If the interest rates are cut again this month, it will undoubtedly increase market liquidity and benefit the cryptocurrency circle. There is a high probability that both mainstream and copycat currencies will have great room for growth in the future.
In the second half of the night, Bitcoin fell along with the U.S. stock market, hitting a high of 102,500 before falling back below $100,000. 102,000 is a strong pressure level that requires a burst of force to break through before it can stand firm.
Coinbase of the United States is about to launch pnut, and Squirrel is also going up within 24 hours, more than 30%. I remember saying before that Squirrel will have a wave of popularity, let us look forward to its subsequent performance after it is launched on CB. Back to today's daily BTC market analysis, from the K-line, the 1-hour level is falling, the 4-hour level is falling, the 12-hour level will enter the decline confirmation, and the daily level has become weak again.
The intraday pressure level is 102,000 and the support level is 97,000 US dollars.
Pullbacks and opportunities, ambush the following 3 altcoins with a 10-fold increase in the future
1、ARB
Arbitrum has experienced significant growth recently, with its price increasing by 9.69% to $1.07. This growth is in line with a 9.69% increase in market capitalization and reflects increased market activity and investor interest. Just days ago, ARB hit an eight-month high of $1.2384.
Over the past month, the token has gained 72%, indicating growing confidence in its potential. The network also achieved a major milestone, surpassing $5 billion in total locked value (TVL). This development highlights the growing trust and engagement of investors in the platform.
Technical analysis further supports this optimism, as the coin recently broke out of a two-year consolidation phase, indicating a bullish trend. Moreover, ARB is trading 35.48% above its 200-day simple moving average (SMA) of $0.78807, which suggests continued upward momentum.
The 14-day relative strength index (RSI) is 55.12, indicating that the token is currently in neutral territory and may trade sideways in the short term. Meanwhile, the 24-hour volume-to-market cap ratio is 0.2515, indicating reasonable liquidity relative to its market size. With bullish price sentiment and a Fear & Greed Index rating of 83 (Extreme Greed), Arbitrum's recent performance highlights strong market support.
2、BGB
Bitget Token (BGB) is gaining popularity in the cryptocurrency space, especially during times of market uncertainty. As the native token of the Bitget exchange, BGB offers several practical benefits, such as reduced transaction fees, access to advanced features, and participation in platform governance. These practical benefits make the token valuable even in challenging market conditions.
Additionally, the rise of decentralized finance (DeFi) has also increased the importance of utility tokens such as BGB. The Bitget exchange continues to attract a growing global audience, ensuring continued demand for the token despite the overall market struggles.
In the past 24 hours, BGB’s price has increased by 9.52%, trading between $3.26 and $3.49. At the current price of $3.27, the token’s trading volume is $365.92 million, a slight decrease of 19.75%. This steady growth shows BGB’s ability to withstand market fluctuations.
While market volatility remains challenging, BGB’s expanding role in the Bitget ecosystem makes it a top choice for cryptocurrency enthusiasts. Analysts are cautiously optimistic, citing the exchange’s growth and the token’s solid use cases as potential drivers of future value. Some experts predict that if Bitget maintains its momentum and effectively navigates market challenges, BGB’s price could double by the end of the year.
3、DONE
AI Super League (FET) is gaining a lot of attention in the cryptocurrency market as one of the leading AI tokens. Despite the current downward trend, the increase in trading activity indicates the possibility of an imminent breakout. Analysts are closely watching its price action, which indicates the potential for significant growth in the short term.
FET token ranks as the fifth largest AI token by market cap. The 24-hour trading volume on CoinMarketCap recently rose by 44% to $482 million. This surge in trading volume has sparked predictions of a retest of the $2 price level in the coming days.
Crypto Kindle, a cryptocurrency analyst, believes that a break above the $2.10 resistance level could pave the way for further gains.
In the long term, a move towards $20 is possible, although several resistance areas must be overcome to reach this level.