Bitcoin's recent adjustment has not shown downward pressure. The adjustment from $99,588 to $90,791 may be the entire adjustment or just part of it. Two potential support levels for Bitcoin's adjustment are $94,500 and $91,500. Bitcoin successfully rebounded near $91,500 and has already consumed the Fibonacci 0.786 of the downward segment. If Bitcoin can continue to rise and break the high point of $97,208, it will create upward momentum, significantly increasing the likelihood that the adjustment from $99,588 to $90,791 is the entire adjustment and will initiate a new round of upward movement.
Bitcoin's current market value ranks 7th among global assets. When its price breaks $100,000, it will surpass Google and enter 6th place. In this bull market, Bitcoin's price is expected to rise to the range of $150,000 - $300,000, so ultimately it should be able to surpass Apple and enter second place in global market value without any issues.
In recent days, Ethereum hasn't followed Bitcoin's decline and started a significant rise last night, nearing $3,700, which has drawn market attention back to the Ethereum ecosystem, with multiple popular tokens performing brilliantly, including:
ENS: Price surged over 53% in a single day, becoming the best performer among the top 300 tokens by market value, currently at $33.25.
Puffer: Price skyrocketed by 60% in a single day, currently at $0.6546.
EIGEN: Price increased by 25% in a single day, breaking through $4.1, just under 10% away from the historical high, currently at $3.77.
INST, ENA, etc.
With Ethereum's strong performance continuing, the performance of related ecosystem tokens is worth paying attention to, and the market may officially welcome the altcoin season! This reminds people of the market conditions in 2020-2021. At that time, Bitcoin started a major uptrend, Ethereum rose, and then the roles reversed with Ethereum rising sharply, leading to violent uptrends across various tracks. Although history won't simply repeat, it holds significant reference value.
Although there are essential differences from 2021, such as the Federal Reserve not injecting liquidity and limited liquidity, BTC is expected to maintain FOMO sentiment, and ETH will continue to rise. Which track projects are worth paying attention to?
MEME Track:
What we are focusing on are the new meme projects that have launched on major exchanges like Binance. According to historical experience, there will be continued speculation, and market makers need to leverage market speculation to profit. Of course, older memes also have opportunities, but the specific position allocation is up to you to gauge. Don't forget that a new awesome meme was born at the end of '23, and during this year's Bitcoin peak of $73,700, another awesome meme was also born on Binance's spot. It's likely that new awesome memes will continue to emerge on major exchanges.
Public Chain Track:
In every major bull market, public chains have never left the table. Sol, INJ, TIA, SUI, SEI, etc., there are too many. Especially in the past couple of years, new public chain projects have been launched on major exchanges like Binance, such as Omni, which has seen significant growth in the past few days. As for opportunities in older public chains, you can focus on SOL, INJ, ADA, etc.
AI Track:
In early '23, many AI-related projects in the crypto market saw significant increases. Then from late '23 to early '24, AI-related crypto projects like FET, and even those slightly related to AI like WLD and ARKM, saw good growth. Recently, AI-related projects have been gaining traction, which I don't need to elaborate on.
L2 Track
Since the related projects in this track landed on major exchanges like Binance, the real surge happened during the upgrade of ETH narratives, followed by the rise from late '23 to early '24. The growth of ARB, OP, etc., should still be fresh in everyone's memory. It also requires a significant rise in ETH, so this track should focus on strong narratives and leading projects that can cause a stir.
The market has new tracks and narratives that need more attention. For other tracks like infrastructure, if you have excess funds, you can select leading projects for allocation. My insights are derived from the recent project launches on exchanges like Binance and CB, alongside the macroeconomic situation in the US and the stock market's feedback from past bull market speculation.
Bitcoin's recent adjustment has not shown downward pressure. The adjustment from $99,588 to $90,791 may be the entire adjustment or just part of it. Two potential support levels for Bitcoin's adjustment are $94,500 and $91,500. Bitcoin successfully rebounded near $91,500 and has already consumed the Fibonacci 0.786 of the downward segment. If Bitcoin can continue to rise and break the high point of $97,208, it will create upward momentum, significantly increasing the likelihood that the adjustment from $99,588 to $90,791 is the entire adjustment and will initiate a new round of upward movement.
Bitcoin's current market value ranks 7th among global assets. When its price breaks $100,000, it will surpass Google and enter 6th place. In this bull market, Bitcoin's price is expected to rise to the range of $150,000 - $300,000, so ultimately it should be able to surpass Apple and enter second place in global market value without any issues.
In recent days, Ethereum hasn't followed Bitcoin's decline and started a significant rise last night, nearing $3,700, which has drawn market attention back to the Ethereum ecosystem, with multiple popular tokens performing brilliantly, including:
ENS: Price surged over 53% in a single day, becoming the best performer among the top 300 tokens by market value, currently at $33.25.
Puffer: Price skyrocketed by 60% in a single day, currently at $0.6546.
EIGEN: Price increased by 25% in a single day, breaking through $4.1, just under 10% away from the historical high, currently at $3.77.
INST, ENA, etc.
With Ethereum's strong performance continuing, the performance of related ecosystem tokens is worth paying attention to, and the market may officially welcome the altcoin season! This reminds people of the market conditions in 2020-2021. At that time, Bitcoin started a major uptrend, Ethereum rose, and then the roles reversed with Ethereum rising sharply, leading to violent uptrends across various tracks. Although history won't simply repeat, it holds significant reference value.
Although there are essential differences from 2021, such as the Federal Reserve not injecting liquidity and limited liquidity, BTC is expected to maintain FOMO sentiment, and ETH will continue to rise. Which track projects are worth paying attention to?
MEME Track:
What we are focusing on are the new meme projects that have launched on major exchanges like Binance. According to historical experience, there will be continued speculation, and market makers need to leverage market speculation to profit. Of course, older memes also have opportunities, but the specific position allocation is up to you to gauge. Don't forget that a new awesome meme was born at the end of '23, and during this year's Bitcoin peak of $73,700, another awesome meme was also born on Binance's spot. It's likely that new awesome memes will continue to emerge on major exchanges.
Public Chain Track:
In every major bull market, public chains have never left the table. Sol, INJ, TIA, SUI, SEI, etc., there are too many. Especially in the past couple of years, new public chain projects have been launched on major exchanges like Binance, such as Omni, which has seen significant growth in the past few days. As for opportunities in older public chains, you can focus on SOL, INJ, ADA, etc.
AI Track:
In early '23, many AI-related projects in the crypto market saw significant increases. Then from late '23 to early '24, AI-related crypto projects like FET, and even those slightly related to AI like WLD and ARKM, saw good growth. Recently, AI-related projects have been gaining traction, which I don't need to elaborate on.
L2 Track
Since the related projects in this track landed on major exchanges like Binance, the real surge happened during the upgrade of ETH narratives, followed by the rise from late '23 to early '24. The growth of ARB, OP, etc., should still be fresh in everyone's memory. It also requires a significant rise in ETH, so this track should focus on strong narratives and leading projects that can cause a stir.
The market has new tracks and narratives that need more attention. For other tracks like infrastructure, if you have excess funds, you can select leading projects for allocation. My insights are derived from the recent project launches on exchanges like Binance and CB, alongside the macroeconomic situation in the US and the stock market's feedback from past bull market speculation.#XRP市场价格动向
