Recently, I did a comparison and found that Bitcoin's trading volume has dropped to a considerably low level, almost identical to the trading volume during the eight-month consolidation period around $65,000. This indicates that the current market decline is not the result of manipulation by 'whales' or 'big players,' but rather due to the 'PVP' (Player vs Player) among BTC holders in the current low liquidity environment.
In other words, the true price trend will only become apparent after market liquidity is restored. In such a low liquidity environment, any small-scale trade can trigger significant price fluctuations, so the drop we see does not represent the long-term trend.
Today's Bitcoin, from the K-line perspective, shows a rebound in the 1-hour chart, while the 4-hour level is in decline, and the 12-hour level is also down. The daily market is still in a bottom formation and needs to be maintained; the cycle needs to be extended. As for the final low point, we'll first observe the consequences of the recent actions impacting the clouds over the next few days. The intraday resistance is at 96,500, and the support is at $91,000.
The New Year is approaching, and a big market is about to arrive.
Ethereum's recent strong performance has reignited market confidence, and the signals for a market shift are becoming increasingly clear, suggesting we have entered a new phase. Especially with the FTX compensation deadline approaching on January 31, only four days left, it might be worth paying attention to the potential movements of FTT, which could bring surprises.
At the same time, on-chain AI Agent projects are springing up like mushrooms after rain, with new developments daily. However, AI projects in the secondary market still seem quiet, as if waiting for the right moment. Other sectors are similar; everyone is patiently waiting for the next wave.
From the current trend, the rotation of sectors may again present a pattern similar to the beginning of the year, starting with AI projects, followed by memes, and then other sectors. This cycle continues.
Recently, the pnut act neiro seems to be rebounding from the bottom, indicating that future gains could be considerable. Looking back at the last round of BNB, BGB had a similar trend, which made me spend considerable time researching various new coins on BITGET, such as Candybomb, LaunchX, PoolX, and LaunchPool. After some screening, I found that the one with the highest overlap was actually FUEL. Moreover, BGB, TOMA, PUFFER, ZRC, COW, XION, L3, PEAQ, and SWELL also appeared frequently.
To better grasp the potential of these coins, I specifically created an internal table and conducted detailed research on them.
Coin Q&A
1. When is it appropriate to buy ETH? If you haven't bought yet, now is a good time to enter the initial position; you can add more at the 3200/3000 positions. No issues there.
2. Hello, how's COW? This coin is being called by many people recently; the pump will likely need some washing, let's wait and see, as the monthly line is about to close and open a new yearly line.
3. Could you please take a look at MOVE? Thank you. The 0.88-0.82 range is the support for the upward trend, and you can enter at this position. Overall, it’s still a decent new coin.
4. What can be entered now? It's recommended to buy Auntie and Auntie-related coins, like Layer 2 OP, ZK staking SSV, LDO, and then staking ETHFI EIGEN. Can we enter Pnut now? Currently, it seems to have bottomed at 0.6; here, it is expected to go through a consolidation. You can enter near 0.64 in the short term; pay attention to the resistance levels at 0.8/1.
5. Cookie has recently surged to the opening price; in the short term, it might continue to rise along the 4-hour upward trend, but the probability of breaking through at once is low. If you don't have low-position chips, it's not recommended to chase after the rise; wait for it to establish a consolidation pattern before entering.
6. Could you take a look at COW and LPT? COW has been called by quite a few people lately; it might be worth waiting. LPT was also called a lot a few days ago but has dropped off; it still needs to consolidate.
7. Usual. This coin also needs some adjustment; let's see if Auntie can lead. If mainstream coins can't establish a trending market or high-level oscillations, it's hard for altcoins to develop their independent trends, especially since this coin was discussed quite a bit recently.
8. Is Dogecoin still stable? It won't break the 0.27-0.3 position. The short-term resistance level is around 0.34. So far, the adjustment looks good; be patient. How about 1721 bb? Looking at the daily chart, is it a head and shoulders top? Isn't this a consolidation in the bottom range? It doesn't count as a head and shoulders top.
9. Is the meme coin being washed out or dumped by the庄家? Can it reach 0.085 next month? For now, it’s still fluctuating in a washing phase; it's hard to predict, and it depends on how long the bottom consolidates. In the earlier phase, it will definitely still follow the overall market; looking at the daily and 4-hour charts, the adjustment time is not quite enough.
10. Is it possible to see $5 billion with Turbo? There is a chance; if the market comes back later, this coin is a strong庄币.
11. How do you see Rats? After breaking down, it washed out again, and I'm focusing on the 50-55 position. If there is a bottom formation, it can still be pulled up later, but this drop has extended the time cycle, so be patient and wait for the market.
12. Will Bitcoin fall below $80,000? Not currently; I don't see that happening.
13. Kava and GMT KAVA: The consolidation and correction are looking good; waiting for Auntie to blow the horn for the charge. GMT: This coin is not doing well for now; it had a surge before, but it's not looking too good now; wait for it to recover.
14. How do you see Zen? It has surged and then retreated. It's too much short-term surge here; pay attention to the short-term support around 27, and further down, strong support is around 21. Overall, it needs some time for consolidation and correction.
15. AI projects are currently in a bottom accumulation phase, with strong support around 0.075.
