Bitcoin fell rapidly, failed to hold the 30-day line of 98.8k, and retreated to 95k for the time being. Currently, Bitcoin is in a volatile situation where it can neither go up nor down. The short-term support is 90000-92000, and the upper pressure is 100000-102000.
If there is no good or bad news in the future, the short-term trend should continue to run in this range. In the short term, you can try to buy low and sell high in the range. The long-term trend is still a bull market. It is expected that the bull market will last from June to November in 25 years, at least half a year, so we have plenty of time. Don't worry if you don't make money. The outbreak of the bull market is mainly in the second half. Adjust your mentality and buy low. You will definitely get rich in 2025!
This wave of copycat currencies also went down along with the broader market. In today's market, except for the platform currency sector where bgb and gt reached new highs, thus triggering the entire sector, other sectors were in a general decline.
Even though Ethereum ETFs have seen positive capital inflows in the last two US stock trading days, it cannot change the result of a pullback this afternoon along with the large number of altcoins. Recently strong coins such as SOL, SUI, HBAR, and LINK have no independent market trends.
The keyword for today is general decline. However, the closer it gets to this time, the better the opportunity to change positions. Today, most of the copycat stocks have fallen by similar amounts. This is a good opportunity to exchange inferior stocks for better ones. Moreover, many projects with poor liquidity often have better trading volume and liquidity when the market falls. It is more convenient to sell and cut positions at this time.
How to distinguish high-quality and low-quality counterfeits?
The projects with an increase of less than 3x after this wave of bottom rebound are basically low-quality coins, and high-quality copycat coins are also easy to find. You don’t even need to look for them yourself. Various institutions have already listed them for you:
Presidential Selection: LINK, AAVE, ENA, ONDO
BlackRock Select: ONDO, CRV, ENA, APT
Grayscale’s selection: ZEN, ZEC, XLM, LPT, MANA, ETC
These are the best assets in the near future or even until next year.
Next is the ecological sector:
The top three sectors next year will definitely be AI, RWA, and DEFI. You will never make a mistake if you choose the leaders in these sectors.
Public Chain
It is best to focus on projects with good technology, good community, background and financial reserves. Although many chains are zombie chains at present, in the bull market, as long as tens of millions of USD can be invested in the ecosystem, hot money will be attracted in minutes, so you should also invest in a few serious public chains. Of course, this is for those with a lot of money.
If you have less money, just pick a few AI agents and jump in. Remember what I said about the AI agent track producing at least 3 10b blue chips next year.
Some friends nowadays lack some basic perspectives. They chase rising and falling stocks without any plans or strategies. They are immersed in the cheers of big rises and the depression of big falls every day. The pleasure brought by the surge of adrenaline and the fluctuation of dopamine is indeed addictive.
Ultimately, our goal is to make money in this market, not just for the sake of speculating in cryptocurrencies. We make money by speculating in cryptocurrencies. Everyone understands these nonsense, but many people just can't do it. If you don't trade for a day, you will feel uncomfortable. If you don't make money for two days, you will start to feel anxious. Only when you lose all your money can you get a brief peace. I say so much just to tell you that it's not too late to let the market go for a while. Don't think about buying the bottom and pulling it up immediately. This wave of market has just come down. Give it some time to let the market take shape.
I still insist on talking about the trend these days, which is to fluctuate and bottom out and then rise. Regardless of the trend, market sentiment or form, I personally think that it is fluctuating here to bottom out. A real bull market will give everyone the opportunity to get on board, and will also give everyone the opportunity to take over. After all, the prosperity of the currency circle is inseparable from the contribution of leeks.
