Dogecoin can be said to be the pioneer of MEME without exaggeration. In the early days, playing in forums and rewarding was often in tens of thousands or hundreds of thousands of doge, missing the great opportunity to get rich. This weekend, influenced by Musk's tweets, the increase of 91,363,969,631 was only 5%, and the power of calls is getting weaker and weaker. Previously, it was at least a 15-point increase; who would have thought that Dogecoin's son BabyDoge soared, with an increase of 60 points, and another increase of 35 points yesterday—who can bear this?
It seems there are many short-sellers, all pushing the fuel up. BabyDOGE is a meme coin, initially created as a joke, mainly aimed at establishing an interesting meme community and spreading awareness of animal welfare and pet adoption. I think it's still better to stay at zero; the pull-up doesn't feel significant. There are too many dog-themed coins on the market, with Dog Dads, Hat Dog, and Dizzy Dog, which dog do you like? Feel free to leave a message in the comments.
This year, the mainstream seems to have replicated the trend of 2023, taking off in October, consolidating upwards in November and December, and then reaching the peak with the ETF cap in January. Coincidentally, this year also took off in October, and it is currently continuing a phase of upward consolidation. In January next year, with Trump taking office, plus Musk joining DOGE, it may perfectly replicate the trend of 2023.
Moreover, there is another positive piece of information for Bitcoin; today Microsoft will hold a meeting to discuss whether to purchase Bitcoin. If approved, Bitcoin is likely to soar again, and at that time, altcoins will definitely benefit as well. Viewing the big picture, by January next year, major mainstream and popular altcoins may reach their peaks. In the short term, we are waiting for the results of Microsoft's meeting. For friends in the car, hold on tight; don't ask where the altcoin bull is, perhaps we are already in a bull market.
Returning to today's daily market analysis of 66,661,503,517, at 5 AM, Bitcoin fell below 94,000, and after looking around, no negative news was found; perhaps a big player dumped without thinking. Currently, the rebound is close to about 98,000, but altcoins are truly a sight to behold, with many falling by more than 10 to 20 points. In the past 24 hours, the entire network saw liquidations of 1.716 billion, with long positions liquidating at 1.547 billion dollars. From the K-line perspective, Bitcoin's 1-hour level shows a rebound increase, 4-hour level shows a needle-like rebound market, 12-hour level shows a decline, and the daily level shows a decline. The intraday resistance level is 100,000, and the support level is 95,500 dollars.