Bitcoin is currently reported at 98k and will continue to take off. After hitting the lower limit point, the rebound trend is not a sudden large surge, but a gradual increase, which is healthier. We look forward to acceleration. The target for this wave is above 99500. Breaking through 99500 will trigger a large number of short positions to stop loss, long positions to enter, and a huge whale to offload. This is the liquidity the market is looking for.
Ethereum is staging a thrilling 'gamble'! A certain whale is shorting ETH on Hyperliquid with 50x leverage, with a total position value of up to 53.8 million dollars. However, the bulls are charging ahead, and the whale's short position has already incurred a floating loss of 5.36 million dollars. To save itself, this address urgently added 5 million USDC to try to raise the average entry price, with the liquidation price locked at 4891.59 dollars.
Now the whale has only two choices: either face liquidation and wait to die, or actively buy back to close the short position. Either way will bring huge buying pressure. Moreover, Ethereum is expected to rise due to Trump's and Musk's inauguration on January 20 and the favorable upgrades in Prague in March and April. So, even if it’s not to force the whale to cover, our positioning in Ethereum is still a correct choice. Let's take a look at the trend of Ethereum. Ethereum shows a double multiple structure, with a key price position at 3,530 dollars. If viewed from a stricter perspective, the strong breakout point is 3,550 dollars. After breaking through, we need to pay attention to whether there will be a false bullish signal or a fake breakout situation. If the market pulls back or continues to rise directly without pulling back to this position, it means that the bull market has entered a new stage, and Ethereum may lead the altcoins to take off together.
Now the altcoin bull market has arrived. In my article yesterday (One Hundred Million Sell-off, Bitcoin Struggling to Break 100,000? Ethereum Set to Skyrocket! On-chain AI Market Peaks?), I reminded everyone that they could go long on American crypto for the next two weeks.
The coins above are really well-positioned, much better than randomly selecting and holding. Especially ENA, RSR, and ZRX have excellent trends. If you can't choose good tokens yourself, just follow along mindlessly, just like last round following Grayscale's purchases.
Many Trump concept coins are still missing a key breakthrough. After two consecutive days of confirmation today or tomorrow, investors can boldly enter the market and prepare for takeoff. Dogecoin is heading towards 0.4, indicating that all previous trends were just to dig this pit. This position can be considered as the previous dense trading zone. If it goes above 0.4, it may create a new high. Now that we are at this point, reaching a historical new high is not a difficulty. At that time, all chips will be released, continuing to reach unprecedented heights!
The baby doge coin has also retraced quite a bit. It has already transitioned from a single machine to a certificate. Moving forward, it needs to leverage the momentum of doge, and the price is just above the previous range. It’s worth paying attention to!
MAGA Trump concept, it is necessary to note that it is a single machine coin. When Trump won the election, the trend instantly turned from rising to falling, and many participants were trapped. Recently, it has started to stir again, mostly to show off when Trump takes office.
