Bitcoin pulled up a false breakout last night and then hunted downward. In the past 24 hours, a total of 158,192 traders were liquidated, and the total liquidation amount reached US$394.66 million.
Bitcoin's typical behavior of inducing more buying. The strength of the rise seems to be lower than my expectations, and the technical indicators are also at a high level. However, the platform of 110,000+ to 130,000 must be reached. It is reasonable for the market to choose to shake out 3,000-5,000 dollars. There is a gap below to fill between 102,000-105,000.
A large number of whales have accumulated more than 150,000 BTC at $98,133, which has become a strong support during the decline. However, the altcoins may be in trouble. The altcoins include ETH, SOL, DOGE, etc. They did not rise, and even fell. Many small currencies have been unable to recover since the 12.9 plunge, and have left the stage of setting new highs to make up for the valuation after a small drop;
Today BGB surged past 4U! 2024 increase of 600%!
6 years of 0 accidents + 11% market share, ranking fourth in the world!
The following chart studies the rise time of platform coins in the last bull market and finds that new exchanges rise first, followed by old platform coins. In the last round, FTT MX rose first, followed by BNB OKB GT.
At present, BGB 4.2u, compared with the Matcha platform coin MX, which was once a dark horse, is definitely highly controlled, there is no doubt about it.
Moreover, as the platform launches new products, gains profits, and so on, more users will come in to buy BGB, whether it is pure speculation or for the sake of new products, this is a consensus. Not to mention the purchase of BGB, it is because of the increase in BGB, the biggest marketing, the users brought to the platform, not to mention the transaction depth, as long as there are users, the handling fee alone is a very good cash flow. This is just the handling fee. For the dealer behind the shipment, refer to how the ETH Foundation ships. In fact, this is only part of the income of the dealer behind the scene, and the passive income is more referenced to BNB.
The fall of altcoins is the way to go
Every time Bitcoin brings down the Shanzhai, it is your chance to get on board. Don’t be afraid of Bitcoin going down directly. It just came up, how could it go down directly? So the fall is the father. If Bitcoin doesn’t fall, how can you have the opportunity to get on board and take over the low-level chips! Then I will summarize for you which of the top 20 coins by market value can be considered for taking over.
The Four: ETH, DOGE, SOL, BNB
Four major brands: ADA, LTC, BCH, BSV
Four major leaders: ATOM, DOT, FIL, UNI
Second layer Defi: NEAR, OP, ARB, INJ, SSV
For specific prices, you can enter the market at 30% according to the current price, and then take 30% when it drops 5 points, and then take 40% when it drops 10 points. Enter the market in batches to receive the goods. I believe it is safe to receive them at this position.
With Trump's rise to power, Bitcoin has been recognized by the world. Next year will be the first year of encryption in the true sense. What will happen next year? Compliance concept + Trump's new policy + legal victory + market sentiment + expansion of technology application + large capital intervention. What we need to do is to hold the value coins well. Every time the price drops, we must bravely look for value coins, and then hold them firmly in our hands and don't be shaken off. Remember that every drop now is for a better rise in the future. Choosing the right target is more important than anything else! The recent sentence summarizes: hold on to the value and wait for the flowers to bloom.
