On Thursday, Bitcoin plummeted below $100,000, hitting a low of $98,897.


Feeling confused again? The interest rate decision at midnight was a cut of 25 basis points, but the market plummeted. Typically, after a rate cut, the trend is up, but Powell's statement led to the current situation.

In the last 24 hours, a total of 294,844 people worldwide were liquidated, with a total liquidation amount of $849 million.



Powell clearly stated that the Federal Reserve does not like Bitcoin and does not wish to hold it as a strategic reserve.

He emphasized: Although Congress can modify laws to allow the Federal Reserve to hold Bitcoin, this is not the direction he wishes to see.

The Federal Reserve has halved its interest rate cut expectations for next year, causing spot gold to plunge during trading, falling below the $2,590 mark, and ultimately closing down 2.3%.

The three major U.S. stock indexes collectively plummeted, with the fear index soaring by 78% at one point.

The Dow Jones closed down 2.59%, setting the longest single-day consecutive drop record since 1974.

The S&P 500 index closed down 2.95%, and the Nasdaq closed down 3.56%.

Bitcoin briefly fell below $100,000, dragging down altcoins.

I know you're very anxious, but please don't panic!

The bull market isn't over yet, so don't rush to jump off the building!

You need to understand that the market is not dictated by them; they also need to look at data. Words can be freely spoken, but policies cannot be made arbitrarily. Policies depend on data. Ultimately, how the interest rate cut will play out next year still needs to be seen through various data.

He said that this is the same Bitcoin, the market is still the same, nothing has changed, but the market is in turmoil because it has risen too much.

It needs to drop a bit to clear out leverage.


Next, we are left with the illiquid Christmas and New Year. Be patient and wait for the bottom-buying opportunity!

As for what to buy at the bottom, Dog Brother mentioned yesterday that it's still about finding the strong narratives that haven't landed yet from before.

You can use a strategy of buying more on big dips, buying less on small dips, and not buying at all when it doesn't dip to gradually accumulate low-priced chips.

I am optimistic about the market after Trump takes office from January to March next year. For stability, focus on ETH, BNB, SOL, etc. For those looking for aggressive plays, consider ACT, PNUT, etc.

For stable building, you can choose MEME in this sector: DOGE, PEPE, WIF, FLOKI, etc.

Public chains should choose some established ones with good popularity, like APT, SOL, and SUI.

For the AI sector, choose FET, including WJD, but I am more optimistic about FET, especially with DWF as a market maker partner; the price is hard to look bad.

In the DEFI sector, the first choice to consider is still AAVE, including COMP. We have a zero-cost position in these. Friends who want to enter again will have to wait for a lower price. Additionally, MKR itself has no issues; it just got pulled by Ethereum. If you don't have a stop-loss, you can hold normally, just manage your position and avoid contracts.

As for positions, it still depends on everyone's habits. Of course, Dog Brother also suggests that everyone arrange it reasonably. If the allocation is insufficient, you might as well pick a part from the above sectors to lay out positions. As long as the fundamentals and projects are still operational, time will give you answers and provide you with some wealth.


Finally, Dog Brother strongly recommends one:

» MANTRA ($OM)

Market Cap: $3.79 billion.

24-hour trading volume: $128 million.

The newly emerged RWA leader OM is also worth positioning, as this bull market is mainly driven by institutional entry.

OM has the support of traditional internet giant Google, making a strong emergence in RWA.

In-depth cooperation with Dubai MAG Group, which also allowed many people to earn a luxurious pig's foot meal when it was short.

U1S1, Dog Brother is very optimistic about OM.





Creating is not easy, thank you for reading. Friends who want to discuss technology together and lay out positions in quality coins can give a thumbs up and follow.