In the past 24 hours, the entire network has been liquidated for $1.023 billion, and more than 300,000 people have been liquidated. Cherish your life and stay away from contracts. Spot users have nothing to worry about. Be prepared to wait for the adjustment time. After the adjustment, meme, AI, DeFi, and public chains will still rebound brightly. There is nothing much to say about the long cycle of Bitcoin. The bull market cycle is still there, and I am still very optimistic about the market next year.
Bitcoin has a clear support signal near 95,000. Don’t make any aggressive trading operations from the weekend to Christmas next week, as foreigners will be on holiday soon.
Then look at the events that affect sentiment, that is, macro and fundamentals: There is also PCE data tonight. In fact, Powell’s previous speech has been very clear that there is unlikely to be a rate cut in January. It depends on how the market interprets the data. The negative news is not that bad. It is mainly the weekend, and there is no liquidity on the weekend. Then on the 23rd, MSTR will officially enter the Nasdaq 100. This is a real positive for funds. I hope this can drive the positive market sentiment. Then on the 24th and 25th (Christmas), the US stock market will be closed. If there is no negative news during the Christmas days, BTC can still survive safely. If the mood is not good at this time node, the market will bottom out again. The above is an expectation from now to before Christmas. It depends on whether good news can be revealed in the next few days to influence it.
As for the rise of altcoins, Pepe believes that we need to wait for Bitcoin's market share to decline further, and only when Ethereum (Auntie) performs strongly will altcoins have the opportunity to rally. Everyone needs to patiently wait for changes in the market.
Key potential coins to buy on dips during stabilization! Pay attention!
WLD
WLD, as a leader in the AI series, has always been the focus of the market. Although the entire market has not performed well recently, Pepe believes this is only temporary. WLD's fundamentals remain robust, and when the next wave of the market starts, it is expected to continue leading. Therefore, everyone need not worry too much and should wait patiently.
usual
Usual integrates two hot sectors, RWA and DeFi, and its strength cannot be underestimated. The principle of the strong getting stronger also applies in the crypto world; we can look forward to whether Usual can drive the overall rise of the RWA sector.
Doge
Dogecoin (Doge) has recently shown significant adjustments, with 0.26 below becoming an important support area. Currently in an adjustment phase, everyone needs to wait patiently.
Pepe
Pepe believes that on the daily chart level, the market is stabilizing, and his performance shouldn't be poor. Once stability is achieved, consider laying down some positions! Everyone should keep a close eye on this.
