Bitcoin rebounded slightly, and other mainstream and altcoins also rebounded! However, we have to be clear-headed. The chances of bullishness are still smaller than bearishness, especially during the Christmas holiday when the US stock market is closed. If you have bravely taken some stocks during this decline, you can now consider making a small profit by swing trading around 100,000, and then wait for better opportunities.
Speaking of predictions, I think Bitcoin may fluctuate between 94,000 and 100,000. Although it has broken through the downward channel, institutions do not seem to plan to increase their holdings during the Christmas period, so the downward risk is still greater than the upward opportunity. The market may suddenly have a "pin pullback", so we should take it easy and don't blindly chase highs. If it really falls below 95,000, it will be a good time for us to take delivery in batches! Remember, it is better to miss out than to be stuck!
$BNB is expected to consolidate between 670 and 710. If you're a long-term holder, don't forget to lock up your coins to participate in the airdrop! Although BNB hasn't risen as sharply as BTC in this bull market, with the airdrop rewards, it is actually quite appealing. Platform coins often go crazy at the end of a bull market; those who understand know!
$ETH, the second largest, is expected to fluctuate between 3300 and 3700. Recent good news has been pouring in, and institutions have started to increase their holdings. This round of rebound looks very strong. E-guardians, you can breathe a little easier now!
Back to today's daily $BTC market analysis: From the K-line, the 1-hour level is down, the 4-hour level is about to decline or consolidate, the 12-hour level is up, and if the daily line closes positively today, it will enter an upward trend. The intraday resistance level is 102,000, and the support level is 96,500 dollars.
The 4 cryptocurrencies to watch before the big bull market explodes!!
Sui (SUI)
Sui offers a platform that is not only secure and powerful but also very user-friendly, making waves in the blockchain world. Unlike many other blockchains, Sui focuses on simple and accessible interactions. It uses a unique data management approach and the Move programming language to address common issues in other blockchains. With features like simple login methods, one-step transactions, and customizable transaction processes, Sui sets a new standard for how people interact with Web3 applications.
In today's market, many people are looking for blockchain solutions that can scale globally without sacrificing security or usability, and Sui stands out. The emphasis on accessibility may give Sui an advantage over other more complex or less scalable coins. Although the cryptocurrency market is always volatile, Sui's innovative approach and commitment to user-friendliness make it a project worth watching. Compared to other tokens, Sui focuses on solving real-world problems and making blockchain technology easy to use, which can attract more users and developers, potentially increasing market adoption and value.
True Words (OM)
MANTRA launched OM Coin, a new blockchain designed with security and regulation in mind. It is built for businesses and developers that need a secure and compliant way to use blockchain technology. Unlike other blockchains, MANTRA enables permissioned applications on a permissionless network. This means you can have the openness of blockchain but with the controls to meet legal requirements.
OM Coin is known for its speed and user-friendliness. It can process up to 10,000 transactions per second, making it scalable for large applications. Built on mature technology, it provides tools for creating and managing compliant assets. In today's market, many people are cautious about security and compliance, and OM Coin offers a promising solution. Compared to other tokens, it strikes a balance between innovation and legal compliance, which may make it attractive to institutions entering the Web3 space.
Bunk (Bunk)
BONK is a meme coin based on Solana, with its mascot being a Shiba Inu, attracting a lot of attention. Unlike tokens dominated by venture capital interests, BONK aims to empower the Solana community by redistributing power to participants. Half of the supply was airdropped to Solana's NFT and DeFi enthusiasts, encouraging user ownership. After being listed on Coinbase, BONK surged over 100% and became the third-largest memecoin by market cap in December 2023, with a year-on-year increase of over 10,000%, highlighting its rapid rise.
Despite the volatility of memecoins, BONK stands out due to its integration with the Solana ecosystem. It is part of a growing network of decentralized applications, including the launch of the decentralized exchange BonkSwap. This integration can enhance usability beyond pure speculation. Compared to other memecoins, BONK uses Solana's fast blockchain, potentially offering quicker transactions and lower fees. While a high total supply may present challenges, the active community and promising developments make BONK a standout participant. In the current market cycle, community-driven projects are making progress, and BONK offers an interesting case in the cryptocurrency field.
Cat in the Dog World (MEW)
In a market dominated by dog-themed coins, MEW emerges as a bold cat, hoping to make a difference. MEW aims to rescue the world from the dog coins that flood the cryptocurrency space. With its unique approach and feline charm, it offers a fresh perspective in a space crowded with similar projects.
As the cryptocurrency market evolves, investors are looking for the next big event. MEW might just be that coin. Although Dogecoin is no longer in the limelight, interest in alternatives with real potential is increasing daily. MEW's focus on innovation and community engagement sets it apart. In the current market cycle, diversification is gaining value, and MEW seems quite attractive. For those seeking something different, this could be a great opportunity.
The cryptocurrency circle has always been a survival of the fittest, a process of sifting through the sand! To avoid being eliminated, you must make changes!
Every penny you earn is a realization of your understanding of the world; every penny you lose is due to your cognitive deficiencies. The greatest fairness in this world is that when a person's wealth exceeds their understanding, there will be 100 ways for society to harvest you!
Until your cognition and wealth match. Waiting for a bull market is the most excruciating!
But if you wait until then, you'll know what it means to go from hardship to happiness. Everyone must not leave the market; the hard days are coming to an end, and a frenzied bull market is on the way!
If you've been stumbling around the cryptocurrency circle without finding your direction! Or if you've been losing money! You can follow me.
