This is a broad principle that covers many aspects of life, including personal relationships, relationships with colleagues, and business transactions. I believe in treating people fairly. Don't take advantage of others, and don't let others take advantage of you. If you can't grasp this balance, you won't achieve much in your life. However, many things are easier said than done. Everyone is subjective and slightly biased. We need to resist this thinking and remain as objective as possible.
3 days ago suggested to accumulate PNUT on dips, and it has now broken above the downtrend line. Are the brothers also buying at low levels? Looking forward to PNUT's future, the probability of doubling is very high.
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PNUT shows an upward trend on the 1-hour chart, while also receiving strong support on the 12-hour chart.
Spot recommendation: Enter in the range of 1.08 to 1.1, with a take profit target of 1.432.
The adjustment of Bitcoin is nearing its end, and it is expected to hit the 100,000 yuan mark again.
The adjustment of meme coins is almost over, and the AI track has begun to explode. It is worth paying attention to various meme coins related to AI on the chain. In particular, after Bithumb launched Virtual, it is expected to drive the rise of the entire sector. Coins related to the Virtual ecosystem have begun to show strong performance, such as Game, Vader, Pawsy, Websim, etc.
After AI-related meme coins continue to strengthen, other meme coins will also usher in market enthusiasm again, so in the short term, the market focus will still be on meme coins. In contrast, the increase in altcoins may not be so fast, so it is recommended to pay attention to the meme track first.
BICO has been held for more than half a month, and the current profit has exceeded 50%. Although a certain increase has been achieved, the current performance is still strong and the momentum has not weakened.
BICO is deeply involved in the three hot concepts of this cycle - RWA, AI agent and account abstraction, and is an important part of them. Undoubtedly, BICO is at the forefront of the market and has a high level of attention. The future growth potential is still worth looking forward to.
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Recommendation: BICO
BICO is closely related to the upcoming ETH Prague upgrade, which may bring a certain ripple effect at the end of the month.
BICO's consolidation has also been relatively thorough, and the main funds completed their positions last month, so the subsequent trend is expected to be more stable.
Combining recent market sentiment and expectations for the ETH upgrade, BICO may have a big performance ahead!
Daily line: small negative line, short upper and lower shadows, shrinking trading volume (one-third less than the previous day), overall adjustment trend.
MA30 keeps going up, MACD is above the zero axis but the downward momentum is increasing.
The rebound momentum weakens, and when encountering the upward pressure level, the adjustment continues, and the short-term fluctuation is the main trend.
Key position: pressure level 270, support level 212.
It is necessary to wait for MACD to adjust close to the zero axis before a new wave of rise may come.
Big Opportunity for Altcoin Catch-up! ETH's Explosion is Imminent, Follow the Flow of Funds to Welcome the Surge!
Recent performance of Ethereum and market outlook Yesterday, Ethereum performed quite strongly, with the price rebounding over 400 points from around 3250 at the bottom, surging to 3688. Although it currently faces some pressure around 3700, mainly due to previous Ethereum ETF approvals leading to some trapped positions, it is expected that this level will need some time to digest before continuing to push upward.
In Ethereum's ecosystem, many projects have rebounded from the bottom and achieved doubling, especially ENS which performed notably well, rising from below $20 to $37 in just a few days. Other projects in the Ethereum series have also seen varying degrees of increase, with LDO and OP being particularly noteworthy; if there are pullback opportunities, they can be considered for investment.
Market Rebound Imminent! Bitcoin's Breakthrough of 100k is Just Around the Corner, Altcoins Surge, and December Market May Explode!
Today, market sentiment has clearly improved, with various altcoins performing strongly, indicating that the current price range has gained market recognition. The critical support level at 91,000 is stable, and unless significant negative events occur in the short term, it is unlikely to be breached. Personally, I believe the market may attempt to challenge the 100,000 mark this week. The resistance for an upward breakout is relatively small, and for market makers, stabilizing above 100,000 before December could significantly boost market confidence and potentially lead to more upward trends by the end of the year: such as breaking 120,000 in December, hitting 150,000 in early next year, and challenging 200,000 by the end of the year. Current market sentiment is still slightly lacking compared to past bull markets, thus increasing the demand to push Bitcoin up.
The daily line shows a small bearish candle with upper and lower shadows, and trading volume has decreased by one third compared to the previous day, indicating a wide fluctuation at a high level.
MA30 remains upward, MACD's upward momentum is weakening, indicating a short-term correction.
Ethereum follows BTC's decline, but the drop is smaller, showing a certain degree of resilience.
The ETH/BTC trading pair is fluctuating upward, indicating signs of ETH strengthening relative to BTC.
Grayscale Impact:
Grayscale holds a large amount of ETH spot, which is still exerting some selling pressure on the market, potentially limiting short-term gains.
Trend Expectation:
After a period of fluctuation and adjustment, ETH is expected to continue its upward movement, currently still in a high-level consolidation phase.
Key Levels:
Support Level: 3080.
Resistance Level: 3650.
Summary: After short-term consolidation, ETH is expected to continue rising, and it shows relatively strong performance against BTC. It is advisable to accumulate positions on dips within the fluctuation range.
The daily candlestick has a long upper and lower shadow, forming a doji, with a slight increase in trading volume, indicating an initial sign of a stop in the decline.
MA30 maintains an upward trend, with the price retracing to the top of the previous consolidation platform (12-hour support level), forming strong support.
MACD is above the zero line, with increased short-term bearish momentum.
Key levels:
Support level: Daily 209, MA30 line at the bottom of the upward consolidation platform, providing strong support.
Resistance level: Daily 270.
Operational suggestions:
Spot strategy: Buy more as it falls, positioning in batches around the support.
Short-term expectation: After a consolidation adjustment at the hourly level, the probability of a breakout is relatively high.
Summary: The adjustment is an opportunity for accumulation, maintaining a bullish outlook, and seizing layout opportunities in the support area.
Three Key Factors for the Explosive Growth of Altcoins:
Bitcoin Market Share Decline: Currently, Bitcoin's market share is approximately 58.54%. If its market share continues to decline and falls below the 56-57% range, it will provide more room for altcoins to rise.
Ethereum Strengthening: Ethereum needs to break free from its dependency on Bitcoin and establish an independent market trend. Once Ethereum surpasses the $4000 mark, it could trigger a broader market reaction.
Federal Reserve Interest Rate Cut Cycle: This macro factor is essentially in place, providing a more positive background support for the market.
Market Trends of Bitcoin and Ethereum:
Bitcoin's market share is still in a correction phase and has not yet bottomed out. If Bitcoin's market share continues to drop, it will provide more opportunities for altcoins' market performance.
Ethereum's valuation relative to Bitcoin is already close to historical lows, and it is expected not to fall below the support of 0.03, with the opportunity for a rebound approaching.
Future Outlook:
The exchange rate of Ethereum to Bitcoin may reach a new low in the scenario where Bitcoin breaks the $100,000 mark, with valuations possibly dropping to the range of 0.031 or 0.032. At this point, it may be worth considering a shift to Ethereum to seize potential explosive opportunities in the future.
BICO has been in business for half a month, and the current profit is more than 30%. We will continue to be optimistic about it! The AI agent concept mentioned by Binance was actually laid out by BICO as early as June this year. They cooperated with Silences Labs to launch an off-chain network designed for AI agent services - DAN. Through DAN, users can safely delegate on-chain activities to AI agents for processing, providing a more efficient and secure way of interaction.
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Recommendation: BICO
BICO is closely related to the upcoming ETH Prague upgrade, which may bring a certain ripple effect at the end of the month.
BICO's consolidation has also been relatively thorough, and the main funds completed their positions last month, so the subsequent trend is expected to be more stable.
Combining recent market sentiment and expectations for the ETH upgrade, BICO may have a big performance ahead!
How to layout altcoins in this bull market? Avoid pitfalls and seize potential leaders!
Altcoin layout for this bull market Recently, the altcoin market has started to show activity. From November 6 to 9, the market welcomed its first 'pump' trend. Then, on November 23, altcoins experienced a second explosion. The current mainstream view in the market believes that the altcoin season has arrived, and many people think that altcoins will continue to rise. However, it is worth noting that there are some significant differences between this bull market and previous ones: The rush of altcoins Since October last year, the rush phenomenon in the altcoin market has impacted the entire cycle structure. For example, the market capitalization of Tao remains at 11 billion, even though the project has not made substantial progress or breakthroughs.
Daily pattern: small positive line with long lower shadow, trading volume is 80% of the previous day, and the price rebounds above the daily rising trend line.
Technical indicators:
MA30 line maintains upward movement, MACD is above the zero axis, and the downward momentum is weakened.
Price trend: After stepping back on MA30 support, it rebounded quickly and entered the previous shock range. It may fluctuate and adjust in the short term. If BTC does not fall, it is expected to rise further.
Trend outlook: Compared with SATS, ORDI performs better. If there is a positive line confirmation, MACD is expected to cross upward and push the price up.
Key price range: pressure level 42.5, support level 36.
Daily Chart Pattern: Doji small bullish candle, trading volume reduced by half compared to the previous day, indicating a correction after a rapid increase.
Technical Indicators:
MA30 line still trending upwards, MACD above the zero line, momentum is strengthening.
Price Trend: New historical high, daily chart remains strong. If BTC does not drop, SOL may continue to oscillate at high levels before rising again; if BTC pulls back, SOL may follow suit and decline.
Key Price Range: Resistance level 283, support level 245.
Today in the market, the meme sector has shown some improvement. DOGE and PEPE seem to be the focus again, let's see if they can lead meme coins to new highs. PNUT closed with a bullish candle yesterday, performing decently; ACT is still falling without any obvious signs of stopping, we'll have to keep an eye on it.
On the mainstream coins side, ADA, XRP, XLM, and EOS have risen well today, while ETH is still stuck in place. The coins that surged the day before yesterday have basically returned to their starting point. Although it feels frustrating, the daily chart is slowly trending upwards. This kind of market keeps retail investors trapped in a cycle of hope and despair, and just when everyone is completely hopeless, the bull market is likely to arrive.
The primary market has been quite competitive recently, with stories of "golden dogs turning into wealth" being circulated daily, but there are more stories of losses and going to zero. Therefore, large funds still need to be placed in the mainstream coins of the secondary market; although they are currently stagnant, their rise shouldn't be far off. The primary market is suitable for trying out small amounts of money; those who understand the game may find surprises, while those who don’t should just hold onto their coins. As long as they can endure, there will ultimately be rewards.