After Bitcoin surged to $93,421, bulls consumed a lot of energy and needed to make adjustments in the short term. The daily correction will continue for a while. In addition, the U.S. stock market will not open on weekends, and U.S. stock ETFs are the main source of buying funds.
In the next few days, there will be a wave of adjustments in the form of a volatile downward trend.
There is no sharp drop at the daily level, all adjustments are normal, but at the hourly level, there may be relatively large fluctuations.
The altcoins will take the opportunity to make up for the losses in the next few days. It is not recommended to participate in the altcoins that have risen too much. Instead, you should look at the coins that have just started, which have not risen much at the bottom on the daily chart, or which have fallen back to the right level. They will all have good upward performance.
Daily pressure level 92000-96050-109800, support level 84900-82800-80700-76800
In the current market, institutional funds only buy BTC. Institutions on Wall Street have been making net purchases of hundreds of millions of US dollars every day in recent times, driving Bitcoin to new highs and approaching the 100,000 US dollar mark. Retail funds are interesting, as they only speculate on meme coins. Instead of being endlessly cut by institutions on altcoins, it is better to take a gamble on meme coins.
Benefiting from Musk's call, the market value of Dogecoin exceeded 60 billion US dollars, driving the meme sector to another climax. Shib exceeded 15 billion US dollars, Pepe also exceeded 10 billion US dollars, and other second-tier meme coins also easily reached a market value of 1 billion US dollars.
ACT and PNUTS launched on Binance increased by dozens of times in just a few days, and their market value even exceeded 2 billion US dollars.
The market has since become extremely polarized, and it is ironic that the market value of a bunch of meme coins exceeds that of many copycat industry-leading coins.
In the retracement of Bitcoin last night, meme still performed well, but altcoins suffered, and many of them returned to the starting point. After the meme market ends, funds will rotate to a wave of valuable altcoins, but the range will be limited. Let's focus on meme.
Although the MEME sector has experienced a pullback following the broader market, it is still very strong, such as $pnut $act $pepe $wif and so on. The pullback is a good opportunity to get on board. The market has not ended yet and the bull market is still there!
Dog brother recommends these tokens with unlimited potential:
» Comedian（￥BAN ）
Market value: $188 million
24-hour volume: $109 million
Sotheby's concept art leader Meme $BAN, the project issuer is the president of Sotheby's auction house, he transferred all tokens into a black hole.
And the chips were destroyed. Sobey is the world's top auction house, and its clients are all powerful people, so it is inevitable to hype it up by taking advantage of the RWA narrative.
There will be a Sotheby's auction on the 20th of this month, which is currently seen as a potential positive. Pay attention to "buy expectations, sell facts"
» AIOZ Network（AIOZ）
Market value: $792 million
24-hour trading volume: $30,519,100
AIOZ provides a decentralized marketplace for the Decentralized Physical Infrastructure (DePIN) market, enabling contributors to monetize their AI-related assets and computing resources.
This is the first DePIN project to be included in Nvidia’s catalog of accelerated applications, joining industry leaders such as Adobe, Epic Games and Autodesk.
The token has risen by 2451% over the past year.
» ￥BNB
Market value: $90.323 billion
24-hour trading volume: $3.181 billion
BNB Chain recently partnered with Google Cloud to provide $10 million in cloud credits aimed at supporting innovative projects in its Most Valuable Builder (MVB) accelerator program.
The collaboration encourages continued innovation within the BNB ecosystem, particularly in the development of cloud and AI-driven decentralized applications (dApps).
Currently, Binance Coin (BNB) is trading around $619, with a price drop of 2.4% in the past 24 hours.
Nonetheless, the coin is up 3.77% over the past week, reflecting positive momentum.
Market sentiment surrounding BNB remains bullish, with the Fear & Greed Index showing an “Extreme Greed” score of 84, which typically indicates strong investor interest and increased market activity.
» Avalanche（￥AVAX）
Market value: $12.946 billion
24-hour volume: $853 million
The pullback of AVAX is your chance to get on board. This L1 has not exploded significantly yet.
It was already above $60 at the beginning of the year. It will be easy to reach $120 in this bull market.
Now it is only 30 US dollars, which is 4-5 times the price
Remember, the bull market's pullbacks are all bought. Now is the beginning of the interest rate cut cycle. It has only been cut twice.
Trump will cut prices more times at the meeting, and the bull market has just begun
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