Bitcoin's recent trend has been a bit erratic; after a rebound, it hasn't stabilized and has started to decline again, which is really making people anxious. However, fortunately, the mainstream spot currencies are still relatively stable, at least not disappointing us.
But what about those altcoins? They just had a small rise, and soon after they fell again, which is really nerve-wracking, especially for those who have leveraged positions; following the market's fluctuations, it's really hard on the heart.
Now everyone is asking whether the bull market will come again? Will the spot assets in hand accidentally get trapped? Don't rush, take your time; I will analyze this in detail later.
First, let's look at BNB; it has been around 600 for a long time. Fortunately, it has the support of airdrops and is performing well. I think it will be relatively stable in the range of 640 to 680.
Looking at ETH, its performance now completely depends on Bitcoin. If Bitcoin doesn't break through, ETH can only stay in place. Currently, 3200 to 3500 is its short-term safe zone.
Now, let's look at today's BTC market analysis: From the candlestick chart, there are signs of stabilization after a decline on the 1-hour level, while the 4-hour, 12-hour, and daily levels are still in a downtrend. The intraday resistance is around 97100, and the support level is about 92300 USD.
How will the Christmas market trend?
To be honest, the market during Christmas generally stays the same, and the overall market is still in correction. The plunge and rebound on the 20th have ended, and this wave of correction looks like a slow selling rhythm, possibly continuing until after Christmas.
So has the bull market ended? Of course not! The interest rate cut cycle has just begun, and there are still a few days until 2025, and Trump hasn't taken office yet, the bull market is still ongoing! As long as Trump hasn't taken office, the bull market won't end; it's just getting started.
Can we start catching the bottom after Christmas? Personally, I think we can, unless a sudden event occurs. However, these days are more suitable for some short-term operations; you can start with a head position and make waves based on short-term fluctuations. After Christmas, the market layout will become clearer, especially in the altcoin area; the Trump family is actively buying altcoins, so what are you worried about?
Some fans couldn't help but ask me if they can cut losses?
I told him to calm down first and not rush to make a decision. He can consider switching to mainstream coins like Bitcoin or Ethereum, but the most important thing is not to cut losses easily. 'When you can't bear the decline, consider switching to mainstream coins'—this is my advice to everyone and a more rational and prudent approach. If you cut losses during a decline and wait for a market rebound, your mindset may collapse then.
The opportunity for a reversal will definitely not come overnight. In the current market situation, although everyone's positions are retracting, it also gives you a chance.
Many projects may have been feasible in the past, but due to FOMO in the market, prices have surged. Now is just the right time to evaluate projects carefully, looking at the chip structure. You have time to accumulate slowly, building positions at your own pace when prices are right (for example, gradually buying in at a 1% ratio).
Although I can't be sure if the market will continue to fall, some assets have already dropped to the price I want to start buying, so I will buy in batches.
When is it more appropriate to catch the bottom?
In fact, all investors are essentially traders, and the emergence of cryptocurrencies has narrowed the gap between ordinary people and traditional investors.
Since I see future opportunities, the most important thing is not the fluctuations in front of me; hundreds of points up or down are not worth too much concern. The key is whether you are still in this market and whether you can successfully get on board.
Now it’s Christmas and the Spring Festival, and market liquidity is relatively low. Everyone may withdraw some funds, leading to a greater chance of a 'big wash' in the market. Therefore, whenever there’s an opportunity to see cheap chips, you should buy in batches within a range you can afford until you can no longer accumulate.
It is recommended to hold spot assets to avoid contract operations. If the market suddenly surges, add positions without hesitation, adjusting to a level you feel comfortable with. When favorable news, like Trump taking office, lands and the market experiences a wave of FOMO, it’s time to cash out promptly and not hold onto fantasies; you need to understand 'locking in profits'.
Generally speaking, leading coins have more advantages, and there are often several leaders in the same track, such as DOGE and SHIB. The key is to look at the track. Public chains and meme coins are relatively stable tracks, and there are emerging tracks like AI, Depin, and RWA that can be monitored. The key is to see which projects can become mainstream in the next cycle, worth long-term tracking and attention.
AVA
The price of AVA has fallen more than 80%, but the team behind it is still very strong. The key is to look at the chip aspect; it seems the big players have not exited, so if they can continue to empower in the future, there might be a chance for a rebound.
UNI
Unichain has announced the roadmap for the mainnet, expected to launch in early 2025. If the current price pulls back, you can buy UNI on dips and hold it, waiting for the opportunities brought by the mainnet launch.
APT
APT belongs to the Move language sector. Currently, both Sui Move and APT are rising, with APT being a concurrent project with Sui that was previously lagging. Now it's APT's turn to shine, and it is expected to welcome a wave of catch-up performance, worth paying attention to.
Every morning after I wake up, I complete three essential tasks to help myself maintain a clear mind and good position management.
First, during the review, I will complete two important tasks:
1. Check positions: Go through all the positions at hand and make a contingency plan. What to do if it rises? What to do if it falls? Prepare a plan in advance, have it in mind, and avoid emotional trading.
2. Screen potential coins: Select coins that may have buying points based on the current market logic, hotspots, and styles, and place them on a key observation list. If existing positions reach take profit or stop loss, you can quickly switch to those.
In addition, I will also pay attention to some off-the-market work, such as selling accelerated and low-buy pullback opportunities; this is also a form of position management. Selling is to avoid risks, while low-buy is to seize opportunities.
So, a lot of work is not done during the trading hours but needs to be prepared in advance off the market to navigate changes smoothly.
Shoggoth has doubled in the last two days!
The primary market is starting to warm up, recently with the continuous launch of 'Golden Dog' projects, and the green octopus has doubled in two days. Speaking of the green octopus, it is actually recognized as a meme in the AI circle, especially the Shoggoth image.
This meme has a certain foundation in the Web2 AI circle, and many old players in the AI community love to share this meme. In fact, Musk had previously tweeted about it, marking his third mention of the green octopus Shoggoth, and this time he directly used Shoggoth's meme.
The result is that the price of the green octopus soared, while the red octopus fell miserably. If it weren't for the relatively calm market now, the green octopus might have already surged to a historical high.
This ugly and weird green octopus Shoggoth comes from HP Lovecraft's Cthulhu mythos. It is a primordial creature without a fixed form, usually depicted as a super-large monster covered in eyes.
Because of its unique image and the story behind it, the community regards it as the 'doge' of the AI world. Especially in the Solana ecosystem, its popularity is beyond imagination. Now, the meaning of the green octopus has gone beyond its original image and has become a symbol of discussions about artificial intelligence.
Moreover, the green octopus has also gained recognition from many artists; although it is essentially a pure meme coin with no real utility, it is taking a completely different route from the current AI agents.
In the end, trading coins is all about mindset!
Many people are thinking about buying on the spot, wanting to catch the bottom, but they always fall a little short. This is actually quite difficult, really difficult! However, when the market is down, we can start to position ourselves, entering in batches to lower the average price, thus avoiding missing opportunities! As long as you believe in this market, there will definitely be good results in the end!
Coins like usual, zen, pnut, btc, move, sol, eth, doge, ena, sui, virtual, apt, mnt, pepe, uni, ada, vet, pepe, bgb have stabilized in the short term. Friends who have entered don't need to move around; they will surge wildly in the next month. When the big top appears, I will remind everyone in advance; don't rush, wait for me to drop the cup as a signal!
Finally, as usual, here are some important news updates:
1. CZ (founder of Binance) said that it is not very safe for two different people to access the same key; it's best to transfer cryptocurrencies to an address you fully control.
2. Barclays Bank stated that it expects the Federal Reserve to stop cutting interest rates after June next year, and it may not cut rates again until mid-2026.
3. Max Keiser, senior Bitcoin advisor to the President of El Salvador, revealed that President Bukele has increased the daily amount of Bitcoin purchased, aiming to buy 20,000 Bitcoins in the medium term.