Blockchain Market Analysis: Bitcoin Fluctuates, Altcoins Fly Together in Time and Context

On December 4, 2024, at 9:53 AM Beijing time, Bitcoin briefly fell due to a political event in South Korea and then re-entered a consolidation state. Today's market may see a general rise in altcoins, which is worth paying attention to. Below is today's market analysis and wealth password interpretation.

Bitcoin Trend: Consolidation and Capital Flow

Market Review from Yesterday

Bitcoin fell sharply yesterday due to South Korean President Yoon Suk-yeol announcing a state of emergency, causing panic in the currency circle, with a drop of up to 30%. Ripple even plummeted by 60%. However, after the incident subsided, Bitcoin quickly returned to the consolidation range of $95,000 to $98,000. Currently, Bitcoin lacks significant momentum to break through $100,000 in the short term, mainly constrained by the following factors:

  1. Discrepancies between large players and institutions: Large players cashing out at high levels, while institutions continue to accumulate.

  2. Capital overflow effect: Some capital flows into altcoins, driving the altcoin market.

Today's Outlook

Bitcoin is expected to continue consolidating, maintaining a range between $95,000 and $98,000. As long as it does not fall below this range, the downside risk is limited, while there is an opportunity for altcoins to perform well.

Altcoin opportunities: Hot tracks and wealth passwords

Wealth Password Review from Yesterday

The performance of several targets recommended yesterday varied:

  1. Tru: Some positions have achieved profits and reached the expected target price.

  2. Pando: Despite being affected by unexpected market fluctuations, it has now recovered and continued its upward trend.

  3. Flux: Has reached the target price of 0.9, with significant returns.

  4. BNB and Audi: Significant market movements, capturing short-term opportunities.

The RWA track continues to be hot

The RWA (Real Asset Securitization) track performed outstandingly this week and deserves special attention. Recommended targets such as Pando and Tru have the following characteristics:

  • The market has a strong demand for recovery.

  • Favorable support from news and capital.

  • Technical indicators show signs of a breakout, with significant potential for future price increases.

Short-term operation strategy: Seize the opportunity for a general rise in altcoins

Target Selection Method

  1. Strong fundamentals: Continuous operation of projects, stable growth of the capital chain.

  2. Favorable news: For example, new partnerships, technological breakthroughs, etc.

  3. Technical breakthrough: Breaking away from a long-term consolidation range, significant potential for genuine breakthroughs.

Recommended Operation

  • BNB: Can be pursued after breaking 660, it is recommended to set a stop-loss to cope with market volatility.

  • Audi: Recently exhibited capital movement and an upward trend, can participate in small amounts.

  • Continue to focus on the RWA track: Look for quality targets that have not yet started or still have recovery needs.

Balance between long-term and short-term holdings

Two holding methods

  1. Long-term holdings: Suitable for stable growth quality coins, such as Bitcoin and Ethereum, to capture gains from the entire bull market.

  2. Short-term trading: Seizing opportunities from market hotspots and sector rotations, operating flexibly to earn short-term profits.

Operation Suggestion

Reasonable allocation of capital ratios, balancing long-term holdings and short-term trading operations, to achieve efficient asset utilization. This Thursday, we will discuss this strategy in detail to help investors better plan their positions.

Summary and Outlook

During the consolidation phase of Bitcoin, altcoins are experiencing a rare synchronized rise. Capturing hotspot sectors and selecting quality targets is key to achieving high returns.

Today's market atmosphere remains hot, hoping everyone seizes the opportunity to achieve wealth appreciation.

Pay attention to more market dynamics and target recommendations to help you discover the next wave of wealth passwords. See you tomorrow!