In the current market, most mainstream coins have relatively low volatility, making them difficult to operate. Bitcoin broke new highs yesterday and reached new highs again early this morning. Although the breakout does not seem ideal, my prediction from yesterday remains accurate; there will not be a significant deviation after the breakout, mainly focusing on consolidation and adjustment. The position is high, and trading volume is low, which is the most frustrating market condition.
Short-term trends of Bitcoin:
Bitcoin's recent breakout is not entirely ideal. Although it broke new highs, it failed to form a strong bullish candle overall. Considering the current market's insufficient trading volume, I predict that Bitcoin may consolidate around $105,000 next, with limited room for significant increases. The probability of a rapid surge in the short term is low, and if the market experiences a pullback below $100,000, it may present a buying opportunity. However, at the current high, it is still not suitable for contract operations or holding large amounts of coins.
ETH's performance:
Ethereum has shown strong performance recently, especially after Bitcoin broke new highs, with ETH also demonstrating strong upward momentum. It is expected to consolidate around $4,000 for a period while maintaining overall strength. As long as Bitcoin does not experience a significant drop, Ethereum may continue its strong performance and might even break current levels.
BNB's trend:
Recently, BNB has fluctuated relatively steadily in the $700 to $740 range. Typically, when Bitcoin rises strongly, BNB's performance tends to be relatively weak. Thus, for BNB, it is suitable to conduct spot trading operations, taking advantage of market fluctuations to buy low and sell high.
Investment opportunities in altcoins:
In the long term, the market still has potential for growth, especially at the beginning of 2025, when a new round of rising may occur. With new policies from the Trump administration and changes in the SEC chairmanship, the overall environment for the crypto market may become more favorable. If Bitcoin continues to attract capital inflow and mainstream coins like Ethereum maintain strong performance, altcoins may also experience a surge, especially similar to the market conditions at the beginning of this year.
Opportunities for institutional investment:
Currently, institutional investors dominate the market's main trends, especially large institutions like BlackRock, AAVE, and ONDO, which are increasingly focused on DeFi and RWA projects. If you consider following these institutions' investment ideas, you can pay attention to the projects they are investing in. However, it is essential to note that retail investors should not completely follow institutional operational strategies, as the scale of capital and operational methods differ significantly from those of retail investors.
For institutional investors, DeFi and RWA areas remain key focuses. Investment strategies from large institutions like BlackRock may impact the market, but retail investors should participate rationally and avoid blindly following.
Meme coins and AI-related coins:
Apart from mainstream coins, meme coins remain a hot topic in the market. Meme coins like DOGE and FLOKI, associated with Musk, are still worth paying attention to, especially DOGE, which may have limited potential but can still see some price increase. If you are optimistic about DOGE but do not want to invest too much, you can diversify into some emerging meme coins like PNUT and NEIRO.
AI-related meme coins may become a new growth point in the market, worthy of close attention in subsequent trends, especially against the backdrop of the increasing development of AI technology. These projects may witness rapid market growth.
I recommend two promising coins
STX
Demonstrated strong growth potential. According to analysis, STX's price has recently entered a critical buying area, and its strong correlation with Bitcoin also provides a good opportunity for an increase. With MACD showing bullish divergence, the upward trend of STX is likely to continue.
DOGE
Dogecoin's characteristics include low cost and high liquidity. It trades on a decentralized network with no maximum supply cap, ensuring continuous mining rewards. The market price of Dogecoin is often influenced by social media and influencers, making it an ideal choice for micro transactions.
