Today is December 13, 2024, Friday. Good evening, brothers. Bitcoin surged last night, reaching a high of $102,500. Ethereum rose to the key resistance level of $4000. This morning, Bitcoin retraced to around the support level of $99,200, while Ethereum retraced to around $3835. Yesterday, apart from the Trump family purchasing ETH, LINK, and AAVE, OP and LDO were also added to new products by Grayscale. ENS itself is a quality asset that Vitalik Buterin has endorsed, so whenever the market experiences a rapid decline, some quality assets that are mistakenly sold off can often return to their previous highs. Some stronger ones may even set new rebound highs, but those that are inherently weak and lacking attention from investors will find it very difficult to return to high points, let alone set new highs.
Regarding the BNB new listing expectations we discussed yesterday, they can still be anticipated and positioned for. After all, this round of BNB is still considered low. The platform token BGB has already continuously reached new highs, increasing several times over just a few days, and OKB has also broken through significantly. Currently, the previous bull market high for BNB is around $700, and BNB's current price is still around $700. Therefore, I believe its value is severely underestimated. After all, the situation with CZ has also settled down, and the current market scale has long surpassed that of the last bull market. I believe that Binance's size will continue to grow, making it one of the assets worth considering for both short-term speculation and long-term investment!
Additionally, I believe Dogecoin is still a viable option to consider. Many people see it reaching $3 or even $5 in this bull market, which I think is overly exaggerated given Dogecoin's current market cap. I personally suggest that those looking to accumulate this coin can do so around $0.35, as I see it reaching around $1, which shouldn't be too difficult to achieve a two to three-fold increase.
Another relatively certain asset is SOL. If you want to lay low, you can consider positioning in the range of $200 to $210!
The market cannot continue to rise indefinitely. Currently, even if Bitcoin breaks new highs again, it is not the time to hold trend positions, but rather to pay attention to timely profit-taking. Personally, I expect Bitcoin to undergo a wave of adjustment before the Federal Reserve meeting announcements. After the news lands around the 20th, there is a high probability of starting a new trend by the end of the month or early January. After all, based on past trends, the market in early January is usually quite good, especially during bull markets. The bull market in 2021 started in January, so I believe that in the next half month, the market is likely to continue adjusting. Perhaps a few strong assets will seize an opportunity to rally again, but a broad, sustained rise may have to wait until next month!
From the 30-day Bitcoin liquidation data, the support levels around 93000 and 89000~90000 are still very strong. If there is an opportunity for a pullback, you can boldly position yourself!
Quality assets that can be strategically positioned include: Ethereum and Ethereum-related assets like OP, ENS, LDO, ENA, AAVE, as well as LINK, UNI, DOGE, SOL, etc.
That's it for today's article. See you next time!
Investing involves risks, and the above content is merely personal sharing and does not constitute investment advice!
