As of writing, the price of Bitcoin is $95,427, falling below the important short-term support line of MA30. This means that the third sub-wave of Bitcoin’s fifth wave ended on December 17, and it is currently in the fourth sub-wave adjustment stage.
The adjustment wave is usually a three-wave structure of A-B-C. At present, the A-wave decline of the fourth sub-wave has been completed or is close to completion. After the completion of A-wave, there will be a B-wave rebound, which may rebound to the position of MA30. After the B-wave rebound is completed, there will be a C-wave decline. The end point of C-wave may be the support level 1: 90800 and the support level 2: 85000.
In a word: the accelerated inflow of market funds into BTC will definitely bring more capital overflow and a more clear-cut altcoin season.
1. Be thankful that this is just a pullback in the bull market, not the prelude to a bear market.
2. The meme season belonging to retail investors will definitely continue in the first half of next year, but this is likely to be the last madness of this bull market.
3. The magical January bull return effect. During the bull market, the market often bottoms and starts to rise in January, such as in 16, 17, 19, 20, 21, 23, 24, with a significant portion bottoming in mid to late January. Considering that Trump was inaugurated on January 20, the possibility of a takeoff is very high. Be patient.
This is my opinion. If you think the bull has left here, that's fine. Operate according to your own understanding.
1. USUAL
$USUAL ➬ The new player in the stablecoin track, Usual, has performed well recently. In just 24 hours, the price of USUAL has increased by over 35%, while its daily trading volume has surged by 569.02%. With support from well-known partners such as Kraken, Mantle, Starkware, GSR, and over 150 investors, Usual Labs is expected to achieve long-term success.
Currently, I have once again seen opportunities from Usual. It is actually very easy to multiply this fund by 5 times in just half a year.
Market Cap: $641 million, 24-hour Trading Volume: $1.672 billion.
2. ONDO
$ONDO ➬ Ondo has been strong recently. It can be said that yesterday's drop had almost no impact. Today it has already recovered to 1.9, and this coin is basically all at zero cost. I will continue to look towards 3, and there are still entry opportunities. RWA track, backed by Wall Street big capital, 24-year emerging track, Trump holding. No need to say more.
Market Cap: $2.32 billion, 24-hour Trading Volume: $601 million.
3. ZEN
$ZEN ➬ Horizen has been consolidating in the bottom range for a considerable time. Generally speaking, once this trend breaks out, it often leads to a strong rally. It is also worth mentioning that Grayscale holds this coin. This indirectly reflects that its fundamentals are still solid and there are no obvious issues.
Market Cap: $290 million, 24-hour Trading Volume: $189 million.
