Did the plunge of the stock market yesterday afternoon make your heart beat faster?
I said yesterday that it was time to sell around 100,000, and it turned out to be quite accurate! So what should I do in the next few days? Let me tell you.
First of all, the price of Bitcoin may continue to fall, and we need to keep an eye on the 92,000, 88,000, and 85,000 levels. If it does fall, we will buy some spot in batches, take it slow and steady.
BNB is currently fluctuating between 670 and 710. It is quite cost-effective to participate in launchpool. You can get airdrops by locking up your position. There is not much selling pressure. There are many loyal fans and it is basically stable. To put it bluntly, launchpool is a disguised way for exchanges to protect long-term holders.
As for Ethereum (ETH), it basically follows Bitcoin, fluctuating between $3,100 and $3,700. If it indeed drops to around $3,000, that would be a good time for us to enter.
In simple terms, today's BTC market technical analysis: From the candlestick chart, the 1-hour level is sideways, while the 4-hour, 12-hour, and daily charts are all declining. The intraday resistance is at $99,000, and the support is at $92,800. Everyone can adjust their strategies based on this.
Regarding altcoins:
BGB surged 30% to reach a new high
The Bitget exchange announced yesterday (the 26th) that it will merge its two major tokens—BWB (Bitget Wallet Token) and BGB (Bitget Token)—into BGB. The purpose of this merger is to better integrate on-chain and off-chain application scenarios.
According to the announcement, BWB holders can exchange BWB for BGB proportionally. However, it should be noted that the merger and exchange of BWB and BGB will not affect the total supply of BGB, nor will additional BGB be issued.
Driven by this news, BGB rose more than 30% yesterday, briefly breaking $7.9, setting a new historical high.
Regarding altcoins, overall, the market is currently adjusting, funds are generally average, and speculative sentiment is low, but from a medium to long-term perspective, it can still be held. For the subsequent market, we can make the following plans:
1. Bitcoin and altcoins rise together (probability: 30%-40%)
If the market enters a one-sided upward mode in 2025, with Bitcoin continuing to strengthen and altcoins also performing well, we may see a repeat of the comprehensive rise we experienced in the past two months. Action plan: Buy quality altcoins on dips and seize opportunities.
2. Bitcoin rises, while altcoins have limited gains (probability: 50%-60%)
This situation is similar to the market in 2024; the market may fluctuate for a period, but overall it looks more optimistic than in 2024 because Bitcoin continues to rise. Some sectors will perform well. Action plan: Buy selected altcoins on dips, avoid overheated sectors, and look for the next potential direction.
3. Bitcoin is rising, while altcoins are falling (probability: 20%-30%)
If altcoins have already peaked, there may be a situation where Bitcoin continues to rise, but altcoins perform weakly. Action plan: decisively liquidate altcoins; although there may be some pullback, if altcoins lack upward momentum, it is still necessary to cut losses in a timely manner.
In a bull market, rhythm is crucial. It is recommended to divide positions into fixed positions and flexible positions to remain agile to respond to different market fluctuations.
Of course, most of the funds should be concentrated on the leading coins in the sector, while a small portion can be used for some higher-risk obscure coins, such as CRV or UXLINK, to take a gamble on potential opportunities.
The bull market continues, and at any time, some unknown coins or previously ignored coins may suddenly explode. When prices are low, no one cares, and during the rally, you may not be able to catch up. Coins like BGB and ZEN have skyrocketed in the past few days; fortunately, we entered early and made a profit.
The core value of altcoins is actually quite simple: to earn a wave in a strong one-sided market and then exchange it for more BTC. Therefore, the trading logic should revolve around this goal.
The entry position is also very important; it is essential to choose points with particularly high risk-reward ratios under large time windows.
Then, the time dimension is more complex; don't expect to buy the right position in one go. The safest approach is to build positions in batches, buying gradually to cope with the uncertainties brought by time and market fluctuations.
What potential coins are everyone focusing on in the crypto circle hotspots in the coming month?
Let's look at some investment opportunities behind major institutions and some currently strong coins:
First, the projects selected by BlackRock include ONDO, CRV, ENA, and APT, while Grayscale focuses on ZEN, ZEC, XLM, and LPT. These projects behind major institutions generally have good performance opportunities. Especially under institutional support, they may have more stable growth potential than other projects.
Additionally, I've recently noticed some coins showing very strong performance, such as AAVE, ENA, OM, SUI, and TURBO. These coins have shown almost no significant declines during market fluctuations, demonstrating strong market performance. Overall, the altcoin market will show significant differentiation and will not see the widespread rise seen before.
Therefore, we should focus on those coins with strong narratives and strong performance, because in this market environment, 'the strong will remain strong' is the most reliable strategy. Concentrating funds, time, and energy on these strong coins will allow us to seize the most promising opportunities.
Ethereum and its ecosystem coins will be the focus of the market in the coming months; the current correction is a good time to position. Promising ecosystem coins include UNI, AAVE, ENS, and Puffer. Most tokens, except for Puffer, have been unlocked with minimal selling pressure. Puffer has a strong background, supported by the Ethereum Foundation and several major players; although its market cap is only $600 million, it is undervalued and hasn't been listed on Binance yet, but the likelihood of future listing is high. The next three months may be the era of the Ethereum ecosystem.
Again mentioning AAVE, this coin has shown very strong performance recently, unaffected by market fluctuations, having risen continuously by 30%, and it has also performed well in the Dubai market, making it a cryptocurrency worth paying attention to.
Additionally, FTX will pay $16 billion on January 3 and is expected to repay within 60 days, which is a significant positive for the crypto circle.
On January 20, Trump will take office again, which may have some impact on the market and is worth paying attention to.
Elon Musk will take the position of chief intelligence officer, and Dogecoin could also become one of the hotspots; everyone can pay attention to the trading opportunities of Dogecoin.
Finally, here are some recent hot news:
1. The Central Bank of Russia and the financial monitoring agency Rosfinmonitoring are collaborating to develop a new monitoring platform specifically designed to identify and prevent illegal financial activities conducted through 'account transfers,' including over-the-counter (OTC) cryptocurrency trading.
2. Russian Finance Minister Anton Siluanov stated on Wednesday that with legislative adjustments allowing the use of Bitcoin and other digital currencies to cope with Western sanctions, Russian companies have already begun using these cryptocurrencies for international payments.
3. Turkey released new cryptocurrency anti-money laundering (AML) regulations today. According to the new rules, any user with a single transaction exceeding 15,000 Turkish lira (approximately $425) must provide identity information to crypto service providers to prevent illegal money laundering and terrorist financing.
4. Robert Kiyosaki, the author of 'Rich Dad Poor Dad,' advises investors to buy Bitcoin, believing that 'even buying one satoshi could lead to wealth.'
