The recent market has truly staged a drama of 'Bitcoin leading, altcoins following'. Fans are all exclaiming: Is this the end for altcoins? Don't rush, let's first hear Peppa's humble opinion.
It must be said that the current market focus is entirely on Bitcoin. The flow of funds is also flocking to Bitcoin like a market fair, with a clear target: to reach new heights and firmly establish a new level! But what happens after the peak?
Following historical patterns, Bitcoin will eventually need a break, during which it will likely present a sideways oscillation. As for how altcoins will perform subsequently?
Don't panic, the situation of shared benefits will come, it's just that the timing has not yet matured. Why is there a polarization at present? The fundamental reason lies in the scale of market funds.
The capital increment brought about by the last interest rate cut has already reached a certain limit. The market's energy can only push Bitcoin higher and cannot accommodate altcoins.
To break this situation, we need to see the Federal Reserve's faucet reduce interest rates and inject liquidity again! The rumored timely rain is likely to arrive this Thursday. At that time, the market will add fuel to the fire, and altcoins will naturally benefit.
Speaking of altcoins, Peppa thinks someone is already planning to clear their position and exit. But does that mean all altcoins have already cooled off? I don't share that view.
In past bull markets, Bitcoin always rose first, and after a period of sideways trading, altcoins caught up. Although altcoins have retraced now, it does not mean a total defeat.
However, for certain categories, such as MEME coins and inscriptions, it is currently not suitable to take risks. Large funds have already turned to mainstream assets; people should not chase highs in non-mainstream assets, or they will truly become the 'chives'.
As for Ethereum, which fans have inquired about the most, in this bull market, Bitcoin has already broken through the previous bull market's high of 69K, rising to 107K, yet Ethereum is still hovering around 4100, still some distance from the previous bull market's high of 4800. Is this situation reasonable?
During the bull market cycle, Ethereum's current state is indeed not balanced enough. However, do not forget that Grayscale's sell-off has gradually been digested by new funds, especially with the entry of giants like BlackRock, injecting strong buying power into the market. This is a signal for Ethereum's warm-up, and soaring is only a matter of time.
This week's focus: data + meetings. Buying on dips. Tonight there are sales data for November, tomorrow night there is third-quarter current account data, and the day after tomorrow early morning there is the Federal Reserve's interest rate meeting, as well as the ultimate package of GDP and PCE. The market fluctuations after the release of these data, in any case, are a good opportunity to buy. Everyone should keep an eye on the lows, take profits in time, and the highs will keep getting higher.
Peppa observes the trend:
Currently, the market is operating within the rising channel marked by Peppa yesterday. After holding the ascending trend line below, a rebound occurred. When operating near the trend line, it is necessary to pay attention to the fluctuations of the K-line's lower shadow, and it is recommended to leave a buffer space of **±200~300 points**.
After the rebound, if the box range is reset and yesterday's first resistance level is converted into a support level, then if it consolidates within the 105.5~106.7K box range, the probability of forming a bottom and rebounding will increase.
Resistance level reference:
First resistance level: 106700
Second resistance level: 108000
Support level reference:
First support level: 105500
Second support level: 104500
Today's suggestion:
If the price breaks through the first resistance level, it will form an N-shaped upward structure, with an increased probability of a pullback to 108~110K, and a potential short-term adjustment at the 110K level.
Currently, it is retesting new highs, and we need to be cautious of sudden profit-taking sell-offs. The first support level can be viewed as an important short-term support level; even if it breaks below, there is still support forming below. Therefore, in the ultra-short term, one can look for entry opportunities near the ascending trend line + 104.5K.
Which altcoins can ignore negative news and be held for the long term?
First of all, Dogecoin (DOGE) is definitely one of them. The breakout of Dogecoin's new high is actually just a matter of time, especially after Musk takes office as DOGE Minister in January next year, he will definitely mention Dogecoin repeatedly. So there is still room for its rise. If you think the cost-performance ratio is not high, you might consider PEPE or Floki.
The logic of PEPE is very simple; the community consensus behind it is very strong. The key to meme coins is the community effect, and PEPE just has this advantage, so its position in the meme sector is also very stable. In the short term, I still expect it to rise fivefold.
Floki is also a project worth considering, its biggest advantage is that the project side is very willing to spend money on promotion. For example, billboards, appearances on CCTV news, all of these can bring significant traffic. Moreover, Floki holders can also receive airdrops; the last round of airdrops distributed 4% of CAT profits to Floki holders, and recently there will be another MONKY airdrop. This kind of project side understands how to give back to the community, allowing you to earn on price increases while regularly sending airdrops, which is very understanding of user needs.
In addition, projects like Ondo from the RWA sector and Aave and MKR from DeFi are also worth paying attention to. Currently, these projects benefit from Trump's fame; after buying his holdings, these coins have shown good upward momentum recently, and it looks like they still have room for growth in the future.
Finally, there's the AI sector. Although the overall performance in the AI field is not outstanding, coins like FET still have a chance to double. If you think FET is too old-fashioned, you can also look at ACT, which combines AI and meme concepts; its potential is quite good.
