On December 30th, the veteran investor talks about cryptocurrency

Market Review and Analysis

Currently, Bitcoin is stable around 90,000, with support consistently near 92,000. It hasn't dropped much, but during the rebound, there hasn't been much strength either. The performance of altcoins tends to attempt to drive the market upward, yet it still lacks something to break out. According to the K-line trends, Bitcoin's market is expected to have a rebound this week, coinciding with the monthly closing as well. The altcoin's trend must also make a strong rebound; it needs to see if it can stabilize around the 3,800 point line, which is a key level. Therefore, looking at the normal trend, the K-line movement this week is upward, indicating an overall expectation of a rebound, mainly focusing on the strength of that rebound, with the reference point primarily being the 3,800 points of altcoins. As for altcoins, attention should still be paid to the AI sector and the gaming sector.

Today's and this week's Highlights

The stage support position for Bitcoin's market is in the 92,000-90,000 range, so pay attention to the support near 92,000 on an intraday level. The primary resistance point above is still in the 98-102,000 range, which remains unchanged. The key focus should be on the resistance around 108,000. Personally, I expect Bitcoin to experience a volatile market, possibly leaning towards a weak phase, so the focus should still be primarily on altcoins.

The performance of altcoins can observe a rebound on weekly and daily levels, mainly focusing on whether the key point can stabilize around the 3,800 point line. The short-term resistance point still remains near 3,600, while the current support point continues to watch the 3,300 point line on a four-hour level. On the four-hour level, attention should still be given to the resistance point between 3,460-3,520, which needs to be monitored for intraday performance. The same level of intraday support point is near 3,360.

Currently, there haven't been any changes in the main altcoins, still focusing on TRB, YGG, PEOPLE (long-term in AR), and possibly adding FET (the leader in the AI sector).