Bitcoin has rapidly fallen, failing to hold the 30-day line at 98.8k, exhausted and declining, retreating to around 95k for temporary support. Currently, Bitcoin is in a volatile situation where it can't go up or down, with short-term support at 90,000-92,000 and resistance at 100,000-102,000.
If there are no positive or negative developments in the future, it is likely to continue operating within this range in the short term, where one can attempt to buy low and sell high within the range. The long-term trend remains bullish, and it is expected that the bull market will continue until June-November 2025, leaving us ample time. So, don’t rush if you haven’t made money; the explosion of the bull market mainly occurs in the second half. Adjust your mindset, do well in buying low, and 2025 will definitely bring great wealth!
Altcoins have also followed the market down this wave. Today's market, apart from the platform coin sector where BGB and GT are making new highs against each other causing the entire sector to explode, other sectors are generally in a downtrend.
Even though Ethereum has seen positive fund flow in the last two U.S. trading days for ETFs, it could not change the outcome of following the altcoin troop down this afternoon. Recently strong coins like SOL, SUI, HBAR, LINK also lack independent performance.
Today's keyword is general decline, but the closer it gets to this point, the better the opportunity to switch positions. Most altcoins have similar declines today, making it a great opportunity for upgrading from inferior to superior. Additionally, many projects with poor liquidity often see improvement in trading volume and liquidity during downturns, making it easier to offload and cut losses.
How to distinguish between quality and inferior altcoins?
Projects that have risen by less than 3x during this rebound from the bottom are basically inferior coins, while quality altcoins are easy to find, and you don’t even need to search for them yourself; various institutions have already listed them for you:
Presidential Selection: LINK, AAVE, ENA, ONDO
BlackRock Selection: ONDO, CRV, ENA, APT
These are the highest quality assets needed not only in recent times but also into next year.
Then there is the ecological sector:
Next year, the top three sectors will definitely still be AI, RWA, DEFI. Finding the leaders in these areas to layout will absolutely avoid pitfalls.