This month has been the most profitable month since March of this year. It is expected that this wave of profit-making effects will last until Trump takes office, which is around mid-January, coinciding with our Spring Festival. Therefore, if you can seize the opportunity now, you will definitely make a profit.
Although the market is currently a bull market, we must also be aware that the long positions are very high, which means adjustments may happen at any time. Therefore, do not hold excessively large positions; it is essential to remain cautious and protect your principal. After all, there are opportunities, and capturing them can lead to profits. However, if there is a significant drop, it is wise to take profits in a timely manner and withdraw some of the gains just in case.
Bitcoin pulls back, Ethereum and other coins may take over.
Recently, Bitcoin has started to pull back, but Ethereum seems to have a trend of taking over. From today’s market, Ethereum-related coins have rebounded sharply, especially ENS and LDO. I have previously recommended these two projects in my articles; they are leaders in the domain name and staking sectors, respectively, and both are projects worth focusing on in the Ethereum ecosystem.
So, when Bitcoin pulls back, you can pay attention to these projects and consider buying the dip, as projects that drop quickly and bounce back strongly are good projects. In addition to these, OP, ENA, and METIS are also highly volatile coins, and volatility means there could be significant opportunities.
Opportunities in blockchain games and BNB
Additionally, there are opportunities in the blockchain gaming field, such as YGG and MAGIC, which have not yet experienced a major breakout, so keep an eye on them and wait for rotation opportunities. Engraving is also a project worth watching, as a leader will always have the opportunity to rise, it just depends on the timing.
As for BNB, its trend is also worth paying attention to. I remember at the beginning of the year, BNB had not shown much movement until a month before Bitcoin peaked, when it began to soar, rising directly from 300 to 600. In a bull market, BNB, as a platform token, is never absent. Although its increase may come a bit later, when it starts moving, the market may be nearing its end. Therefore, before that, everyone can boldly buy the dip and regularly invest in BNB, capturing its later rebound, with a target price possibly between 1000 and 1200.
Opportunities for entering Bitcoin and Ethereum
Although Bitcoin has not completely stabilized yet, if its price drops below 90000, it can still be considered for entry. At the same time, if Ethereum falls below 3300, it can also be considered for positioning. The target for Ethereum is 4000, which will definitely break through, but the process may be volatile. Don’t miss the opportunities in the bull market; Bitcoin's peak is still far from over. From the perspective of chip distribution, the main force may maintain high levels for a month or two, so it is advisable to buy boldly when the price retraces.
Today's key point is that Bitcoin's support level is around 91000, with resistance at 95000. Tomorrow the U.S. market will be closed, so today may be a key rebound day. Looking at the large bearish line, Bitcoin may have a second wave of decline, so it is recommended to invest in batches.
To summarize, although it is currently a bull market, be cautious about controlling your positions and avoid blindly chasing prices. Take the opportunity to buy the dip during adjustments and plan your investments in batches. The investment market has opportunities, but the risks are also significant. Preserving your principal is critical to continuing to profit.
Today's article ends here, welcome to come to the homepage and have fun~
Investing carries risks, and the above content is just a personal sharing, not an investment recommendation!
