About DOGE: Currently, the oscillating bottom continues to rise. If the price does not break through the previous high, then around 0.35 below will be a better entry point. If it breaks through the previous high, a short-term rise may occur.
About SHIBA: Currently, the number of meme coins on the chain is increasing, leading to intense competition. However, once listed on an exchange, it is equivalent to passing a round of screening. For interested investors, it may be worth considering a light position gamble, which could bring some opportunities.
About PNUT: If your cost is at 1.08, you are basically at a phase low point. You can still hold on and wait for the price to rise.
From the daily chart perspective, SOL's performance is relatively weak. Recently, its candlestick has repeatedly tested the MA30, indicating that the MA30 level has formed strong support. As the MA30 gradually rises, the bottom of SOL's pullback will also correspondingly increase.
After a short-term adjustment, SOL is expected to continue its assault towards the previous high of 265, with a significant possibility of breaking through this level to create a new high.
Therefore, as long as SOL pulls back to around 220, it is advisable to consider increasing the spot position.
The market pace is accelerating, and hot spots continue to expand!
Daily market trend analysis:
BTC failed to stabilize after breaking through $100,000, and may pull back and find new support levels.
Funds flow from old coins in 2017 to emerging tracks: AI, Meme, and new public chains.
US stocks weakened, and although micro-strategy was positive, it failed to rebound, and the overall market sentiment tended to be cautious.
Current market hot spots:
DeFi: ZRX rose sharply because the encryption director appointed by Trump served as a consultant for the ZRX project. AI: WLD, LPT, RNDR, and ACT performed strongly. OpenAI is about to launch a 12-day live broadcast event. WLD has a close relationship with the founder.
Public chain: SOL and SUI rose, and SUI hit a new high, becoming the only project in the new public chain that continues to outperform the BTC exchange rate pair.
Meme: PNUT and MOG strengthened, MOG successfully landed on Coinbase, and funds flowed from old coins to new coins.
Crypto market investment warning: arbitrage and altcoin risks There are many savvy people in the market today. Once a high-profit and high-deviation arbitrage opportunity appears, large funds will rush in and make the price return to a fair level.
Beware of arbitrage traps Newbies should not try to get rich by arbitrage. Many attractive arbitrage opportunities are actually hidden dangers and can easily trap themselves. For example, in the TRB incident, those who went long on BN and shorted OK in order to obtain a daily return of 1% with 5x leverage, because the premium suddenly rose to 40%, the risk of liquidation increased dramatically, and 1x leverage may also be damaged.
Altcoin bull market risk In a bull market, especially when altcoins are hot, do not participate in locked positions or time-limited arbitrage, such as regression arbitrage and hedging schemes. Although not all are traps, when encountering the main rising wave, the price may be far beyond expectations, and arbitrage will fail. Recently, some people abandoned hedging when buying YT Phase III products and turned to cautious risk avoidance.
Summary In a highly volatile market, it doesn’t matter if you make less money, the principal is the most important. Only by adhering to the principle of “profit second, safety first” can you thrive in the market.
XRP is about to迎来 a new round of increase in the pickled vegetable country market, with multiple factors potentially driving its price upward.
📊 Pickled Vegetable Country Market Trends:
As one of the major cryptocurrency trading centers in the world, the demand for digital assets in the pickled vegetable country is very strong, and the popularity of XRP in the local market is gradually increasing. Several large exchanges have listed XRP as a trading pair, and market enthusiasm continues to grow.
Potential driving factors for XRP's surge:
1️⃣ Demand Growth: XRP is increasingly recognized in the pickled vegetable country market due to its efficient transaction speed and low fees, leading to a continuous increase in demand.
2️⃣ Strategic Partnerships: XRP has established collaborations with several financial institutions and enterprises in the pickled vegetable country, which will further boost its demand in the local market.
3️⃣ Stable Regulatory Environment: The pickled vegetable country's regulatory policies for cryptocurrencies are relatively clear, providing policy support for the healthy development of digital assets like XRP.
Technical Outlook:
From a technical analysis perspective, XRP may break through the key price level of $0.4. Currently, XRP's Relative Strength Index (RSI) is around 60, and market sentiment is stable, indicating that the price remains in a healthy upward range.
Yesterday, the liquidation amount of BTC reached 420 million USD, setting a record for the largest single-day liquidation in nearly three years.
After the liquidation event, the funding rate recovered from 0.1% to 0.01%, and the borrowing rate also dropped from an annualized 80% to 30%. The risks of BTC have been largely released, laying the foundation for continued growth, which may drive it to break new highs.
ETH's ETF has attracted over 100 million USD in buying for several consecutive days, with institutional funds continuously flowing in.
Volatility in the bull market has intensified, and the market is expected to remain active at least until the first quarter of next year, with continued strong upward momentum.
How to escape the peak? Let's talk about this topic today.
What is the peak?
In simple terms, the peak is the position at which you are willing to sell. For example, don't wait until the next bear market to lament, "Turns out 200,000 is the peak." In reality, positions like 150,000, 160,000, and 170,000 can all be considered reasonable selling points. Seizing high positions doesn't mean you have to wait for the absolute top; this is the survival strategy for retail investors.
What is the core of escaping the peak?
The core of escaping the peak lies in taking profits in batches and gradually reducing positions. The more it rises, the more you should sell; even if some profits are left behind, you must accept this fact. Trying to capture the entire rise to the absolute top is not a goal that ordinary retail investors should pursue.
Additionally, don’t think about transferring the profits from this time into another coin to continue chasing the rise. Such operations often lead to a cycle where you cannot truly realize profits. In the later stages of a bull market, selling without buying is key to avoiding backlash.
What is the correct trading strategy?
Follow the principle of "buying coins in a bear market and selling coins in a bull market." When the coins you hold have risen to several times their profit, decisively reduce your positions in batches. In the latter half of the bull market, the focus should be on realizing profits rather than looking for new opportunities. Learning to remain rational when the market is crazy is the survival rule for long-term success.
Every time Bitcoin hits a new high, after the altcoin season revives, there will always be a hundredfold miracle coin!
Looking back at the last bull market, STEPN's performance was impressive, and no one expected the high point GMT could reach. This year's explosive popularity of inscriptions also caused ORDI to soar after being listed on Binance, repeatedly challenging the high of 100 USD. Unfortunately, the end of the altcoin season came too quickly.
According to historical patterns, a similar secondary miracle coin will also emerge in this wave of market. Recently, Binance has clearly favored lower market cap projects, rejecting many large projects, seemingly creating opportunities for more tokens. The time frame is likely around Christmas or before the new management takes office in January next year.
BNB has recently become more popular. It has not received much attention before, but it rose sharply by about 180 points from December 3 to 4. The strength of the long army is extremely strong, which has dealt a heavy blow to the short army. Many people still insist on shorting or increasing their positions, which may be in line with the intention of the dealer.
From yesterday to now, BNB has experienced a short correction. In my opinion, this is a little "sweetness" given by the dealer to the short army, making them forget the previous blow.
The current 4-hour line is in a downward trend, with support at 690. Although there is pressure above, it is not critical given its potential to hit 1000. From the perspective of Fibonacci retracement, the oscillation area is between 713 and 741, and the short-term trend is still acceptable. Most retail investors view the trend line through their mobile phones, and their vision is limited.
Considering that it once rose by nearly 200 points in one day, it is normal to have a slight correction now. This coin should not be far from breaking through 1000. It reached a high of 790 yesterday, only 210 points away from 1000.
The dealer stopped the pull at this time, most likely to further absorb the air force chips.
When the market broke through 100,000 points today, it did not rise but fell, and there may be a deep meaning behind it.
Operation suggestion: Go long in the range of 700-710, and the stop profit and stop loss can be flexibly set according to the scale of your own funds, and prepare to enter the market.
After Bitcoin (BTC) broke through the $100,000 barrier, I believe the next phase will continue to maintain a strong upward trend. In the short term, BTC may challenge the $120,000 mark, but as the upward momentum gradually slows, it may enter a small consolidation period for adjustment. During this time, various altcoins will experience renewed volatility, and the altcoin season may be reignited.
Among the altcoins, which have the greatest potential? First, Solana remains the core of the market, followed by some low-priced coins like Pepe and WIF, which are also worth paying attention to due to their volatility and explosive potential that could trigger a major market movement.
Regarding Ethereum (ETH), its overall upward potential still exists.
I believe that until the upgrade is completed in March next year, ETH is expected to break through $8,000.
This is not a sudden prediction; I had already predicted back in November that ETH would break through $8,000, even when it was only $2,300 at that time.
Now, ETH is approaching $4,000, and I still hold a positive outlook on its rise, insisting that $8,000 is entirely possible. Do you believe it?
In addition, some small coins in the ETH ecosystem are also skyrocketing. For example, Puffer surged 50% today, rising from $0.5 to over $0.8, which reflects the idea that "opportunity favors the prepared."
The same goes for Doge, which was previously recommended at a price of $0.42 and has now risen to $0.46, still having room for growth. According to my judgment, Doge's best performance period may appear in the two weeks before Elon Musk's inauguration on January 20.
In this bull market, we need to remain patient; opportunity and financial freedom are just around the corner!
Is it necessary to switch nearly half of my holdings from Bitcoin to altcoins?
It is recommended to hold half of your portfolio in mainstream coins like Bitcoin (BTC) until the bull market ends.
Mainstream coins offer better stability and risk resistance. If you want to switch, you could consider partially converting to altcoins, but fully switching to altcoins carries higher risks and I personally think it's not very prudent.
Regarding SSV
The minor support level is at $30, and the major support level is at $26.
This coin has good fundamentals and is suitable for long-term holding; the current price still offers a good buying opportunity.
What do you think of SATS (Satoshi) coin?
SATS has not yet launched; although once it does, it may perform very well, it is currently in a sideways market, which might feel a bit dull. If interested, you might consider a small amount of spot trading for long-term holding and observation.
ZEN (Horizen)
Currently, around $14 is a strong support level, having just broken through the accumulation zone on the daily chart, with positive prospects ahead. If you are optimistic about its future, you might consider gradually increasing your position near this support level.
FTM spot can be considered for positioning, having broken through the large resistance level and successfully confirmed support with a pullback. The short-term target can look towards 2 USD.
Bitcoin (BTC) is currently fluctuating at a high level, and ETH (Empress) is also making up for the increase, and the increase is large. On the daily chart, the overbought signal has appeared, and the price is close to the previous high. According to the trend of conventional indicators, it may experience a wave of correction before continuing to rise.
Contract traders who chase high prices need to be vigilant, especially long orders with high leverage. If Bitcoin and Ethereum choose to adjust and fall, altcoins may follow the correction, and market volatility will intensify, so risk control needs to be done well.
The most critical point in the current market is that Bitcoin needs to clarify its direction as soon as possible to pave the way for further breakthroughs of altcoins, helping them step onto a new level.
It is worth reminding that the spring of altcoins has just begun, and during this phase, one should not easily short. It is more prudent to patiently wait for opportunities rather than blindly chasing shorts.
Recently, you can continue to pay attention to the following targets: XVG, IOTA, TRX, RSR, as they may perform well in the upcoming market and are worth special attention.
The market share of Bitcoin is gradually declining, and trading volume is shrinking, with retail investors shifting their attention to altcoins. In the short term, the market may face certain adjustment pressures.
However, from a medium to long-term perspective, after the adjustment, Bitcoin is expected to accumulate strength, laying the foundation for this month's goal of surpassing $100,000.
Opportunities in Altcoins
After the compliance coin frenzy in the beautiful country comes to an end, altcoins from other ecosystems are expected to rise. Among them, the BNB ecosystem has gradually become the focus of the market, and investors are advised to closely monitor this area for potential opportunities.
Potential of Meme Coins
Previously impressive Meme coins are also worth paying attention to. After experiencing a long period of adjustment, they are currently approaching a stabilization phase. Once the market refocuses, the upward potential of Meme coins may be further unleashed, ushering in a new round of growth.
Does the cryptocurrency world really have a rule of always making money? Here are some reference strategies:
1. Focus on strong coin pullbacks
For strong coins, if they have continuously dropped for nine days from a high position, be sure to seize the opportunity to follow up.
2. Capture the opportunity to reduce positions during an uptrend
No matter which coin it is, if it has continuously risen for two days, you should promptly reduce your position. 3. Observe the continuation of intraday highs
If a coin rises more than 7% in one day, it is likely to continue rising the next day, so you can continue to observe its trend at this time.
4. Choose the right entry timing (strong bullish coins)
For strong bullish coins, it is best to wait until the pullback is over before entering the market.
5. Respond to coins with flat fluctuations
If any coin has very flat fluctuations for three consecutive days, observe it for another three days. If there is still no change, consider switching coins.
6. Control costs and stop losses
If a coin cannot recover the previous day's cost the next day, you should exit immediately. 7. Pay attention to the rules of the gain ranking and choose selling points
- On the gain ranking, three days of increases are likely to be followed by five days, and five days of increases may lead to seven days.
For coins that have risen for two consecutive days, you can enter when the price is low, and generally, the fifth day is a good selling opportunity.
8. Pay attention to volume and price indicators
Volume and price indicators are very important in the cryptocurrency world; trading volume is like the soul of the cryptocurrency market. When a coin's price breaks out after consolidating at a low level with increased volume, pay close attention; if it increases in volume at a high level but doesn't rise, exit decisively.
9. Select coins in an upward trend - Only operate on coins that are in an upward trend, as this maximizes the probability of success and avoids wasting time.
If the 3-day moving average turns upward, it indicates a short-term increase; if the 30-day moving average turns upward, it indicates a medium-term increase; if the 80-day moving average turns upward, it indicates a primary uptrend; and if the 120-day moving average turns upward, it indicates a long-term increase.
10. Opportunities for small funds
- In the cryptocurrency world, small funds also have opportunities.
As long as there are correct operating methods, a rational mindset, strict execution of strategies, and patient waiting for opportunities, wealth growth can also be achieved in the cryptocurrency world.
RSR has shown strong performance recently, attracting a lot of attention.
On the weekly K-line chart, RSR began to pull back after encountering resistance around 280. For aggressive investors, it may be worth considering a small position buy in the 170-176 range; for risk-averse investors, it is recommended to wait for the support level around 160 before entering the market.