Bitcoin (BTC) will remain around 100,000 for a period of time. Although Bitcoin is currently rising, the probability of breaking through the previous high is low. It is expected that the downside will be greater than the upside before December 20. However, there may be a wave of opportunities before January 20.
Ethereum’s current round of growth has not reached 30%-40%, but once it starts to rise, the speed will be very fast. Just like Bitcoin’s rise from 60,000 to 100,000 in less than a week, it rose to 10,000 in a few days. Bitcoin’s dealers can do this, so Ethereum does not need to worry about not being able to pull it up.
Now it is mainly the dealers who buy chips in the low price zone. A few months ago, dealers were more focused on buying Bitcoin chips, but the recent increase in ETF inflows of ETH will drive the rise. The rise of ether to 10,000 is just the beginning, but near the previous high of 4,800 and the current price doubling point, it is recommended to reduce positions in time to prevent a pin callback.
Today we take a look at two controversial coins: ORDI and DOGE!
$ORDI Once a star in the inscription craze, it brought wealth and freedom to many people, and I was one of the beneficiaries. Last year, it attracted a lot of attention with its magical power and became the faith coin of BRC20. However, this year the inscription market is sluggish, and the market value of $ORDI has been surpassed by SATS and PAI, and the delisting of Binance has made things worse. The bull market label has gradually faded.
Now, with the return of the bull market, $ORDI has become a chess piece again, attracting new attention and believers. Although its momentum and application have certain potential, the actual landing effect is limited, which is destined to have its upper limit. In this round of bull market, $ORDI may set a new high, but I am no longer as firm in my belief as before. I am not optimistic about the price of 300 or 500. If it breaks through the new high, I will decisively take action.
There is no completely decentralized currency in the market, and those who try to be fools for a long time will eventually get cheated.
As a news currency, Dogecoin (DOGE) still needs Musk's support and has seen a large increase recently. Mainstream currencies can be held in moderation, but do not play contracts at this position, especially in the altcoin market that is soaring and plummeting, as contracts are risky.
On-chain data shows that a large number of Dogecoin whales are quietly making arrangements. According to Messari statistics, the number of investors holding more than 1 million DOGE has increased, which is similar to the situation before the surge in Dogecoin in 2021, indicating that large investors are more interested in Dogecoin, indicating that the market is optimistic about the future trend.
The price of Dogecoin has stabilized at around $0.4 after the recent rise, and the market atmosphere is similar to that at the beginning of 2021, full of upside potential. Although the price fluctuates between $0.39 and $0.48, it is still expected to rise again.
Dogecoin's weekly RSI is over 70, which usually indicates that the price may adjust or consolidate, but it has historically continued to rise in similar situations. According to the Fibonacci retracement forecast, Dogecoin may rise to $0.75 by January 2025, an increase of about 85%.
At present, Dogecoin whale holdings have reached a record high, with a total of 130.17 billion coins, further strengthening the support for its price increase.
Today's article ends here. We are currently in a bull market, and the situation is turbulent. We share passwords every day. If you don't know what to do in a bull market, welcome to follow us. Bull market spot passwords and layout strategies can be shared free of charge.