Some important information:
1.The Pump point fun has deposited 63,170 SOL into Kraken again, worth 13.1 million USD.
2.Hong Kong's BTC spot ETF total asset management size accounts for 0.66% of the ETF market, growing about 66% since listing.
3.According to Bloomberg, the total wealth of the 500 richest people globally in 2024 exceeds 10 trillion USD, Binance founder Zhao Changpeng (CZ) saw a 60% increase in wealth, reaching 55 billion USD; Coinbase co-founder Brian Armstrong's wealth increased by over 50%, reaching 11.1 billion USD. From yesterday to today, Bitcoin rose from 94k to 97k, a small increase that has everyone a bit excited. However, whether this can maintain the rise remains to be seen. Most other cryptocurrencies also rose, especially those altcoins, which increased quite happily. So how will BTC move in the short term? Let me briefly recap:
Personally, I think BTC will fluctuate between 94,000 and 99,000, which is a normal rebound, and we need to patiently wait for it to break through. If you bought some BTC at a low price previously, you might consider selling some at 99,000, and then wait for new buying opportunities. There are still quite a few people looking bullish right now. Today's BTC technical analysis: From the K-line view, the 1-hour level is down, the 4-hour level is up, the 12-hour level is up, and the daily level just entered the upward trend, with an intraday pressure level of 99,800 and a support level of 94,500 USD.
BNB is expected to consolidate between 685 and 735. Yesterday it was slightly weaker than Bitcoin and Ethereum, as the 63rd airdrop is about to end, and it's normal for some people to want to sell. However, if you are a long-term holder of BNB, don't worry too much about these small fluctuations. As for platform tokens, they will really gain momentum only towards the end of the bull market.
ETH is estimated to fluctuate between 3300 and 3550. Yesterday it was slightly stronger than BTC, so let's keep an eye on whether institutions are still increasing their holdings. If institutions increase their holdings significantly, we can hold ETH with more confidence. Three cryptocurrencies that are bound to rise 20-100 times in a bull market!
1.DOGE
Fluctuations within this range are a healthy trend because the last surge of Dogecoin attracted a large amount of new capital into the market, which needs time to digest.
It can also be understood as washing out the indecisive holders, and the way to wash is to continuously fluctuate widely following the market. Dogecoin's fluctuation will be much larger than that of BTC and ETH, which is also a characteristic of small altcoin MEME tokens and is unavoidable.
Dogecoin's rise and fall are influenced by Musk; a single message can trigger the starting point for fluctuations. This is a significant part of Musk's success; we must trust his vision, as he is the man who recently propelled Trump to the U.S. presidency. Moreover, the robotics sector is indeed another aspiration for humanity today, so breaking through 1 USD for Dogecoin is just around the corner!
2.TAO
Bittensor (TAO) is becoming one of the hottest AI tokens currently, although it seems to be losing some momentum compared to well-known assets like Bitcoin, Ethereum, and XRP. However, in the long term, the trading price range of TAO has been locked between 432 USD and 702 USD.
Currently, the overall market uncertainty is increasing, and the price of TAO has just touched the lower limit of this range, which provides a good signal for a rebound in the next few days. With the continuous expansion of the AI field, Bittensor, as a unique token, is attracting more and more attention.
If market sentiment begins to warm up, TAO may have the opportunity to rise. To seize this potential, it is crucial to pay attention to market dynamics.
3.AI16Z
This is a token with a unique name and groundbreaking concept. The project utilizes artificial intelligence to transform investment strategies. AI16Z is associated with an AI-driven investment platform that rates startups and makes financing decisions based on advanced AI insights. The project is supported by the AI system 'Eliza' and is the first AI-driven investment DAO (Decentralized Autonomous Organization).
Although the project just became active in October, it has already achieved an astonishing growth of 18,305%. In just the past week, the token has risen by 106%.
