The temporary decline in liquidity at the end of the year has ended, and liquidity has gradually improved. Bitcoin has stabilized overall, rising from 94k to 97k, ushering in a small increase. However, since 2 a.m. on December 31, Binance spot has 1,600 BTC sell orders at the 100,000 integer mark. If this sell order is not withdrawn, if Bitcoin wants to break through the 100,000 mark, it will need huge positive factors to promote a large-scale breakthrough. In recent days, it may be difficult (if the big brother withdraws the order, I will update you in time).
The daily trend of Bitcoin has been planned. The most important thing now is that it takes time to complete the consolidation process. Before the market bottoms out, there is a high probability that a V-shaped reversal will not occur directly. It is expected to complete the consolidation in late January, with the consolidation range between 92,000 and 97,000, and there is an opportunity to explore downwards, so everyone must seize it.
Ethereum has repeatedly shown pinning phenomena on the four-hour level and is expected to start surging in the afternoon or evening. The first point to pay attention to is around 3600 points, while the key position to focus on is around 3800 points. This critical node has been emphasized repeatedly. The support level is mainly between 3380 - 3420 as the primary intraday support position. In terms of altcoins, we still focus on the AI sector and the gaming sector.
In the past two days, secondary altcoins have been heavily drained by on-chain AI, and there has been basically no market activity. This situation may continue until February. Yesterday, various gold dog AI and AI framework class swarms were extremely FOMO. After going live on Moonshot yesterday, a FDV of 100 million directly doubled the price, further driving up ALCH and others. Binance launched perpetual contracts for ai16z, zerebro, and griffain, causing the market to drop instantly; if you are not optimistic, you can choose to short.
As for why not go for spot?
The top project ai16z virtual has heavy chips in the front row, and once it goes live on Binance, it may complete the unloading. I estimate that these projects won't go live on spot for a while; they may choose hot technology projects with a FDV of 100-200 million, such as swarms and alch.
The on-chain AI market will continue, at least relatively safely until January. However, in February, it is expected to face a significant correction. Everyone must pay attention to risks and should not blindly go all in in a fit of excitement. The vast majority of AI projects will ultimately trend towards zero, so do not hold onto faith in them. AI leading projects can be held for a longer time, but other than that, do not overly fantasize. The funds earned from AI can gradually be returned to the secondary market to purchase value coins, which is currently the most correct strategy.
At this time, fans might ask: Which value coins should be laid out?
Trump is about to take office; consider going long in the American crypto field in the next two weeks.
The relevant cryptocurrencies in the sector are RSR, ZRX, DYDX, HNS;
The Trump sector includes AAVE, ONDO, LINK;
The Grayscale sector includes LTC, BCH, ZEN;
The payment sector includes XRP, XLM, ADA, AGLD;
The Musk sector includes DOGE and PNUT.
During the volatile market period of Bitcoin, it can be tormenting, as it is difficult to directly usher in a bull market in a short time. At this time, do not be easily washed out of your position. If you are good at using leverage, you can increase your holdings in a certain rebound market. The rest is to wait patiently. The market has just started, and holding onto your coins patiently is the right path. Do not operate blindly to switch positions; cutting losses back and forth will only reduce your holdings.