The crypto world is really easy to fool; after a 3-day drop, everyone is happy just because of one day’s recovery. In the morning, everyone was downcast, but by the evening they were all high-spirited. Luckily, I kept encouraging everyone, saying that Ethereum would lead the altcoins to catch up. Although Bitcoin is close to $100,000, the current sentiment is far from breaking the previous high of $73,000. Many friends are not only not making money but also losing money. Ethereum has finally started to catch up, and it’s time for Ethereum to lead the altcoins to take off 🛫, getting everyone excited. Here are the key points from the evening:
1: Bitcoin is currently in the fifth wave of a monthly uptrend. After this uptrend ends, there will be a correction of over 20%.
2: If Bitcoin drops to over 87,000, the bears will have to liquidate 5 billion. If it rises above 100,000, the bears will liquidate several billion, and there are basically no short positions above 100,000.
3: Bitcoin's market share is encountering pressure, and funds are starting to flow into Ethereum and altcoins.
4: Currently, there are no signs of a peak for Ethereum. Those holding spot should continue to hold, and friends with heavy long positions should reduce their positions to manage risk and prevent Ethereum’s doomsday scenario from correcting.
5: The biggest believer in Ethereum: since August, I have increased my position by 500,000 Ethereum, with the exchange rate (ETH/BTC) taking a long position. Ethereum has begun to catch up.
6: On January 10, Microsoft will announce a Bitcoin proposal, which is positive news.
7: TURBO has already broken the resistance level of 0.0079 in 2 hours, and opening a long position at this level is still quite cost-effective, with a stop-loss at today’s low of 0.0073.
8: Similarly, the new coin Neiro is performing stronger than ACT and PNUT; prioritize laying out Neiro, recommended by Dog Sister and Vitalik.
9: Currently, the RWA sector has a slightly better cost-performance for POLYX; OM is already a hundredfold coin, ONDO will have a major unlock next year, and TRU’s daily chart looks very poor.
