Although the US stock market opened today, market liquidity remains sluggish. Currently, BTC has dipped to $95,600, trapped in a volatile situation where it can't move up or down. From the 15-minute to the 1-hour range, the price correction found support at the previously mentioned short-term level of 92,000 (15-minute closed space), but due to the sharp decline, the local trend has shifted back to a bearish structure. The initial rebound here has limited visible space, and it is highly likely that there will be accompanying fluctuations and declines. New positions should be considered only after breaking the lows.
Short to medium-term support is at 92,943~90,343 (1:2 hanging order, monitor the market), looking for short positions with target levels at 86,924~83,799 (1:2 hanging order), short-term resistance is at 97,201~97,696.
If there are no favorable or unfavorable developments, short-term trading can try high sell and low buy within the range. The long-term trend remains bullish. Don't rush even if you haven't made money; the explosion of the bull market mainly occurs in the second half. Adjust your mindset and prepare for low buying; by 2025, significant wealth will definitely be achieved!
The internal signals from Ethereum a couple of days ago indicated that the rise of ETH is a second pullback to the previous M-top neckline (solid). There is a certain expectation for space above, but we are still in the pullback range and it is not a trend opportunity. Do not chase highs; the basic trend and expectations are consistent.
From the 4-hour and lower levels, the pressure at the M-top neckline is quite obvious. Until a breakout occurs, there are only small local fluctuations available. Good opportunities arise when filling in the previous shadow. Short-term support is at 3,238~3,208 (monitor the market for quick entries and exits), with the second support at 3,125~3,078 and short-term resistance at 3,438~3,491.
The altcoins have also followed the market down this time. Today, apart from the platform token sector where BGB and GT have been hitting new highs, causing the entire sector to explode, strong coins like SOL, SUI, HBAR, and LINK have not had independent trends recently.
However, as we approach this stage, it is actually a good opportunity to switch positions. Most altcoins have dropped similarly today, making this a good chance to exchange inferior for superior. Those with limited funds can directly choose a few AI agents to invest in; remember I mentioned that next year the AI agent sector will at least produce three blue chip stocks worth over $10 billion.
Absolutely do not chase highs and sell lows without a plan. Immersing yourself in the excitement of rising markets and the gloom of falling markets every day is not the goal. Ultimately, we need to make money in this market, not just trade cryptocurrencies for the sake of trading; we trade cryptocurrencies as a means to make money.
Next, let's continue analyzing several altcoins.
1. PNUT:
Squirrel can continue to buy in the range of 0.5-0.7, but it is necessary to reserve some positions to prevent falling below 0.5. If that happens, it would be unfortunate to lack funds. Meme coins tend to rise sharply, but they also correct sharply. Patience is key; if you do low buys and hold, there will be good returns.
2. JTO:
JTO clearly doesn't want to fall. If Bitcoin drops, it might not hold up either. It is recommended to wait below $3 for additional positions, while those who already hold positions should continue to hold.
3. RSR:
RSR is unlikely to fall to new lows here, but there may be opportunities to buy low in the range of 0.01-0.012. If the chance arises, buy boldly. The new government will be in office in a few days, and the Trump concept will definitely be hyped.
4. DOGE:
DOGE's performance in recent days has also been lackluster, with no standout movements. It is expected that another explosion will wait until Musk takes over the Energy Department. You can consider buying low and holding; believe in Musk!
