The results of the US election on November 4 are coming soon, let's briefly discuss the impact of two possible outcomes on the cryptocurrency market.
Outcome 1: Trump is elected.
1. The new Republican Party platform will become more important: ending the US government's crackdown on cryptocurrencies, defending the rights of Bitcoin and cryptocurrency mining, self-custody, and trading freedom.
2. Trump will appoint a new SEC chairman, with three candidates who are favorable to the crypto space: Dan Gallagher (Chief Legal Officer of Robinhood, which fully embraces the crypto space), Chris Giancarlo (former CFTC chairman, nicknamed the father of crypto), and Hester Peirce (one of the current five SEC commissioners, nicknamed the mother of crypto).
3. The DOGE division will be officially established, and cutting the budget department will surely generate news, bringing Dogecoin's exposure to another level.
4. Short-term benefits of Trump-themed coins will be fully realized.
Outcome 2: Harris is elected.
1. The steps towards regulatory openness for the crypto space will not be as significant. Gary Gensler may become Treasury Secretary, and among the new SEC chairman candidates, only Chris Brummer is crypto-friendly, but being a law professor may lead him to be similar to Gary after taking office.
2. Trump may go to jail, Musk may be targeted, and companies in the crypto space that support Trump may face scrutiny, especially those that align with the knowledgeable king out of fear of SEC action, such as Kraken and Gemini. The aforementioned related concept coins may face a deep pitfall.
3. Harris's climate policy will negatively impact high-energy-consuming POW mining.
4. Overall, it should present another bottom-fishing opportunity similar to '94. After all, the Democratic Party and Harris's major backer BlackRock still want to expand Bitcoin ETFs and tokenization.
The altcoin sector is adjusting in sync with the mainstream, experiencing a slight pullback, which is not a big issue. Today, we will observe and wait for a new round of upward cycles. For those who have already invested in altcoins, continue to hold SATS and consider selling when it rises to around 50. For mid-term holding, it can be seen reaching around 80. After reducing holdings in CKB, continue to hold and wait for ecosystem breakthroughs. For those still holding FTM, consider reducing holdings. POLYX can continue to be held, and ACT should be maintained.
Fundamental news: None
Primary market information:
Recently, on-chain MEME has continued to be sluggish, so stay alert. The DOGECAST narrative is good and can be considered for ambush while waiting for the narrative to kick off.
December 31st BTC, ETH Market Analysis: Today's Highlights: BTC: 1-hour and 4-hour levels return to a healthy state, daily level returns to a healthy state, daily expectation remains in fluctuation, wait and observe, long-term expectation has not weakened, intraday support at 91500-92000, resistance at 94500-95500. ETH: 1-hour and 4-hour levels return to a healthy state, daily level returns to a healthy state, daily expectation maintains fluctuation, wait and observe, intraday support at 3250-3300, resistance at 3430-3480.
AI AGENT Star Targets: $VIRTUAL + $GAME, $AI16Z + $ELIZA
$HYPE Ecosystem Star Targets: $HYPE $PURR $SOLV
In the cryptocurrency world, VC coins are not trading well, and MEME projects are losing interest; the wealth effect is likely to be siphoned off. As for the blue-chip projects in the old DEFI space, they might be good, but newcomers might not need to go there.
Recently, with BTC's pullback, many people think the bull market is over again?
Looking at the history of all BTC halvings, none of the bull markets ended with the halving; they typically end in the second year after the halving. It's normal to have pullbacks along the way, especially considering that this bull market also includes the involvement of El Salvador, MicroStrategy, and Bitcoin spot ETFs. The duration of the bull market will only be longer. Anyway, I have been accumulating spot recently. By the way, I'm aiming for financial freedom next year; if I'm wrong, I'll pay for my own understanding.
Dogecoin surges 254%! After a recent decline, can it rebound in 2025? Is a new wave of market activity coming?
Elon Musk's favorite cryptocurrency, Dogecoin (DOGE), has performed the best over the past few months. At the beginning of this year, the asset's trading price was as low as $0.77, but over the course of 12 months, Dogecoin soared by 254%, reaching a significant high of $0.4835. Although this meme coin is currently in a secondary position, the community expects Dogecoin to perform strongly in the new year. Dogecoin fell on the last day of 2024
It seems that the bearish trend in the Dogecoin market has stabilized. In the past 24 hours, Dogecoin's price has dropped by nearly 3%. At the time of writing, Dogecoin's trading price is $0.3188. This marks a significant decline from Dogecoin's recent high.
Recently, the market first welcomed a phase of upward correction, with prices gradually rising, bringing a glimmer of hope for a bullish counterattack. However, the good times were short-lived, as the upward process quickly encountered strong resistance at the mid-level, causing prices to turn back down.
Despite initially showing signs of a bullish reversal, with prices also rising accordingly, the momentum could not be sustained. From the volume indicators, trading volume failed to continuously increase, making it difficult to support further price increases, which directly led to the bullish counterattack being merely a flash in the pan, and the market soon fell into a downward channel.
This series of movements further solidified the current weak market structure, with previous declines having significantly weakened the market, resulting in noticeable losses. At this stage, although there is a certain demand for correction due to overselling in the short-term market, and prices occasionally rebound, under the dominance of a bearish environment, this correction is unlikely to translate into a strong rally. Each time prices rise to relatively high levels, they face heavy pressure from above, leading to a decline.
Therefore, in terms of operation, investors must maintain a highly cautious attitude and strictly control risks. Closely monitor key technical points and changes in volume, refrain from chasing prices or selling at a loss, and patiently wait for a clear market trend reversal to avoid falling into greater risks due to blind operations.
1. Position: The ratio of the principal invested in the platform to the actual funds used to purchase currency pairs. 2. Full Position: All funds in the platform are invested in digital assets. 3. Reducing Position: Selling part of the digital currency but not selling all of it. 4. Light Position: A small portion of funds is used to purchase digital currencies, leaving a large amount of funds available. 5. Heavy Position: A large portion of assets is used to purchase digital currencies, with only a small amount of funds available. 6. No Position: All digital currency assets have been sold, or no digital currencies have been purchased. 7. Building Position: The act of buying digital currencies. 8. Averaging Down: Buying digital currencies multiple times, for example, when the price drops, to lower the average holding cost. 9. Stop Loss: Selling digital currencies when the price falls below the purchase cost to prevent further losses.
1. When trading coins, focus on the strong ones. If unsure, look at the 60-day moving average; buy or add when above the line, and withdraw when below the line. This method often works.
2. If something suddenly rises over 50%, don’t rush to chase it; it can be panic-inducing. It's better to buy at lower levels for stability, which carries less risk and potentially greater profits.
3. Before a big surge, there are usually signals, such as minor price fluctuations of 10% to 20%, but with low trading volume. During this time, slowly buy at lower levels, and you’ll likely catch the upward trend.
4. When a new market hotspot emerges, it will definitely be hot in the first few days. Seize this opportunity to follow the big funds and make money easily.
5. When a bear market arrives, control your hands and don’t act for at least half a year. In a poor market, trade less; knowing when to rest is a true expert’s skill.
6. Every week, take a moment to reflect, not on whether you made money, but on whether your strategy is correct. If it's right, stick to it; if wrong, adjust it. After a few months, your trading strategy will become stable.
Remember, success doesn’t fall from the sky; it is for those who are prepared.
The main methods of the dealer's positioning are as follows: 🔶 Bearish Absorption: Taking advantage of negative news in the cryptocurrency market, such as project technical failures or rumors of stricter regulations, to suppress coin prices, triggering panic selling, and thus absorbing chips at low prices.
🔶 Trap Inducement: Using technical means to create a false impression of declining coin prices, inducing retail investors to sell, while the dealer absorbs at low levels, completing the positioning layout.
🔶 Massive Buying: Concentrating funds to buy a target cryptocurrency in large amounts within a short period, boosting trading volume, attracting followers, and secretly collecting chips.
🔶 Rebound Hoarding: Gradually buying during the rebound phase after a price drop, taking advantage of some investors’ desire to break even or take profits, expanding holdings.
🔶 New Project Ambush: When the target cryptocurrency's related projects have expectations of significant technical upgrades, new application scenarios, or strategic partnerships, positioning and building positions in advance.
Several major events are coming up, with positive news on the way! 1. Trump’s Inauguration On January 20, 2024, the former president will once again take the presidential seat. This 'old man' has long been known for his friendly attitude towards the crypto space, and his return to office will undoubtedly bring a series of favorable statements and policies for the cryptocurrency market. In this context, we just need to be patient and wait for the market to recover, believing that the future is promising. 2. FTX Debt Repayment Good news keeps coming! FTX will launch a repayment plan of 16 billion funds on January 6, expected to be fully repaid within 60 days. The influx of this huge amount of capital will undoubtedly inject a strong dose of confidence into the crypto market, driving a comprehensive rebound and even helping us reach new heights. 3. Ethereum Staking ETF After Trump takes office, the Ethereum staking feature will also arrive as promised. The launch of this feature will greatly enhance Ethereum's appeal, attracting a significant influx of buyers. It is reported that staking applications are expected to appear in January, and before the Christmas holiday, the market has already positioned itself with an influx of $131 million in buying funds. The expectations of institutions are the best proof of the market's recovery. 4. Ethereum Prague Upgrade Looking back at Ethereum's upgrade history, each upgrade has seen its price enter a major increase within three months. The Prague upgrade is expected to reveal results in January (although there is a possibility of delay, it does not affect the final trend). Let us look forward to Ethereum leading the market once again!
As long as Bitcoin doesn't drop rapidly Staying above 90,000 USD
Altcoins will have differentiated trends
I recommend Still prioritizing MEME coins with strong washout
Neiro 0.00099
The star coin that started this wave of market The K-line has returned to the starting point when it was just listed on Binance,
And has received effective support; speculative retail investors have been largely washed out, belongs to strong whale
Pnut 0.7
A big player bought 1% of the coins on Binance, as one of the top three coins that rebound the most
Previously listed, relying on old Ma's call to directly rise to around 2.5 This wave of major correction has washed away quite a few retail investors Also belongs to strong whale
How to view the cryptocurrency market moving forward:
1. The current pullback is an adjustment within a bull market, lasting approximately 10 days and nearing its end. The season for altcoins has arrived, but a collective breakout has not yet occurred. The market is waiting for Bitcoin and Ethereum to lead; currently, only a few individual coins have started their upward movement, while the majority of altcoins have not yet officially welcomed an increase and are still in a sideways consolidation phase. The market is awaiting a signal for Ethereum's counterattack.
2. Technical analysis: Various technical indicators for BTC (such as MACD, channel, KDJ, etc.) have fallen to low points, and there has been no volume increase during the downward movement. If the current support level can hold, the chances of a rebound will increase.
3. Fund flow: A large amount of capital has already been observed entering the bottom area for bargain hunting, providing support for the upcoming rebound.
4. News front: Trump is expected to take office at the end of January, which may bring more policy changes and positive expectations to the cryptocurrency market. The staking feature for Ethereum is expected to be launched after Trump takes office, which will further enhance Ethereum's appeal, likely attracting a large amount of buying. Staking applications are expected to surge starting in January. Meanwhile, ahead of the Christmas holiday, approximately $131 million has flowed into the market, indicating that institutional investors are also looking forward to the activation of the staking feature.
Since it is said that the Altcoin Season is here, I will make a bold prediction: based on the current prices, there will be no Altcoin Season in the next 1-2 weeks. This Altcoin Season includes the following characteristics: 1. The Ethereum exchange rate continues to rise, with Ethereum experiencing continuous surges. 2. Over 90% of altcoins experience daily increases of several dozen points for several days to a week. 3. Over 90% of people break even or make a profit.
The altcoin sector followed the mainstream and consolidated synchronously. Some altcoins began to rise. The mainstream callback did not show a significant decline. It is a good signal. You can consider following up during the day and wait for a new round of rising cycle. For the altcoins that have been bought, SATS will continue to be held. When it rises to around 50, clear the position and leave the market. The mid-term holding can be seen to around 80. CKB will continue to be held after reducing the holding and wait for the ecological outbreak. FTM can be reduced if it is still held. POLYX can continue to be held, and ACT will continue to be held. Fundamental news: None Primary market information: MEME on the chain has been sluggish recently, so keep paying attention. DOGECAST has a good narrative and you can consider ambush and wait for the narrative to start.
BTC and ETH Market Analysis on December 30: Today's Highlights: BTC: 1-hour and 4-hour levels have returned to a healthy state, daily level has returned to a healthy state, intraday expectation remains fluctuating, further engagement can be considered, the long-term expectation has not weakened, intraday support at 92500-93000, resistance at 95000-96000 ETH: 1-hour and 4-hour levels have returned to a healthy state, daily level has returned to a healthy state, intraday expectation shows slight increase, further engagement can be considered, intraday support at 3300-3350, resistance at 3480-3530
If you buy a security, you need to know: 1) Is there a major player? 2) What is the narrative? 3) What is the risk-reward ratio? 4) When is the appropriate time to enter the position? 5) How should you enter the position? 6) What proportion of your overall position in speculative assets should this security represent? 7) What is the target price, and how should you sell it? 8) If your judgment is wrong, how should you cut losses? These are the 8 questions I always think through every time I buy a security. I hope you all develop this habit.
For publicly listed companies, the Bitcoin strategy is indeed very appealing. The Japanese listed company Metaplanet, which has adopted a Bitcoin strategy, currently holds 1,761 Bitcoins, ranking 15th among publicly listed companies worldwide.
This year, its stock return rate has reached 2,600%, ranking first in Japan.
There will definitely be more publicly listed companies adopting the Bitcoin strategy.