Hello everyone
I am Yudong
Let's take a look at today's market
1. Bitcoin (BTC) trend analysis: The daily chart still shows no bottom, and the overall trend is still in the adjustment phase. The 4-hour chart is still in a downtrend. If it cannot find effective support around 92730, it is likely to drop to the previous low of 90500. It is expected that in the coming weeks, Bitcoin will enter the C-wave downtrend stage, and the market may continue to be under pressure. It is recommended to adopt conservative operations in the short term to avoid chasing highs. This week, December 27, will welcome the largest options expiration event in Bitcoin's history, which is expected to bring significant volatility. It is personally suggested to pay attention to market sharp declines, especially when the Bitcoin price experiences rapid drops; you can choose to build positions in batches and wait for a rebound.
2. Other events:
1) Grayscale has increased its holdings of Zen for the third time, showing strong market confidence and is worth paying attention to. It is recommended that everyone keep an eye on Grayscale's official website and regularly check the coins they are increasing their holdings in.
2) The Trump family has been frantically purchasing DeFi-related coins over the past month, including ETH1, AAVE, LINK, and ENA. Although the motivation for buying is uncertain, following these celebrity investors should bring good opportunities.
3) Recently, a giant whale has bottom-fished 30,795 LINK, following the whale's path. Currently, the price range of LINK can be considered as a point for allocation.
4) FXS (Frax Share) announced a partnership with BlackRock, which is expected to bring short-term upward opportunities and is worth paying attention to.
5) Recently, the whales continue to bottom-fish ENA with large amounts, staking 9 million coins, which also brings strong support to ENA.
3. Overall trend
Many altcoins have already returned to the previous low area, with limited further downside potential. When prices are low, you can boldly allocate, and after Bitcoin's price rises, the high multiple upside potential of altcoins will gradually become apparent. The operation method in the current market is to build positions during sharp declines. When the market experiences a crash, wait for a spike down before buying to capture low-priced chips and enjoy future rebounds. Moreover, it is strongly discouraged to go all in at once. Use the strategy of buying small on small dips, buying large on large dips, and not buying when prices are stable. Control your hands! Maintain flexible fund allocation, avoid chasing highs, and ensure controllable risks.
Everyone should especially pay attention to the bottom-fishing actions and targets of Grayscale and the whales, and make appropriate layouts. These coins have been confirmed by the big players, so you can invest with your eyes closed.