Today, Bitcoin rebounded to around 97,000, welcoming the New Year of 2025 to challenge the 100,000 threshold again, with most other coins also rising, especially those altcoins that are doing quite well. So how will the crypto market perform in the short term?
Bitcoin: The price difference between CB and BN is less than 100 USD, which is a good thing. The drop from 99,964 to 91,530 has been confirmed as ended; a rebound to above 99,000 to 102,000 can confirm the end of the drop since 108,353. Everyone, take a look at this chart for simplicity.
BTC's intraday resistance level is 99,800, with a support level of 94,500 USD.
The complete idea is in this chart: swaying back and forth, this is a normal rebound.
SOL: It is believed that a breakout of the SOL/BTC exchange rate from this channel will be a right-side trading signal. From the market perspective, SOL has not shown a strong independent market in this round (Bitcoin from 50,000 to 100,000). Once it starts, 300 should not be a big issue, and 500 is also possible. Above 500, we will take it step by step.
Still the same thing, the imitation market requires the guidance of imitation leaders, SOL or ETH can both lead. In the first half of this round, Bitcoin is the dominant player; blocking all external interference factors, we focus solely on the purest emotions and human nature to observe. The second half has not yet started. If emotions are not present, the bull market will not end.
The current strategy has basically been executed.
Today, worth noting is that AI MAGIC IO coins that rose yesterday are currently in a horizontal consolidation without significant retracement trends, which may be brewing a second wave of increases. Both the gaming and AI sectors have potential trends. BIO opens at 6 PM, and BN is focused on biotechnology, so we’ll see how this coin performs at the open.
Currently, all sectors are stirring. The AI chain, meme, and only AI agents' ceilings are continuously being breached. The FDV of $virtual has exceeded 5 billion, and it feels like we are just one step away from my prediction of at least three AI agents exceeding 10 billion. $ai16z is also close to 3 billion. These two brothers can basically be considered the Shaolin and Wudang of the agents field, and they are quite formidable in terms of ecology. They represent competition between base and SOL.
Yesterday, due to BN going up on AI16z, there was a brief drop, but now everything has risen back, this wave of wind hasn't blown over yet. Let's see if it can drive these secondary coins. WLD and other AIs haven't moved much yet, and there are still over 20 days until the New Year, so we can't wait too long.
Finally: to answer the BTC selling peak indicator and the update of the two-year MA multiplier indicator data.
We are still in the balance period of a bull market, and it is recommended to continue holding.
When the price falls below the 2-year moving average (green line), it is a signal to buy at the bottom, purchasing Bitcoin will yield excess returns.
When the price exceeds 5 times the 2-year moving average (red line), it is a signal to sell at the top, selling Bitcoin will gain significant profits.
Note: This indicator is best confirmed in conjunction with other indicators.
When the market feels scary, it indicates that it hasn't reached the peak yet. At the peak, people will not feel fear. Now, many people are starting to worry, which indicates that there is still room in the market. However, short-term fluctuations are also a normal phenomenon. If it is a true trend, it will not retreat due to temporary changes.
The most important thing is that everyone should have their own judgment on trends.
