First, let's summarize the important news:
1. A whale that profited $14.26 million by 'buying low and selling high' with WBTC has deposited 2,000 ETH (approximately $6.95 million) into Binance, and currently holds 37,688 ETH.
2. Russian Finance Minister Anton Siluanov stated today that Russian companies have begun using Bitcoin and other digital currencies for international payments.
3. The year 2024 is a milestone year for the cryptocurrency market, with landmark events including the launch of a spot Bitcoin ETF, the Bitcoin halving event in April, and support from Trump. Overall, the S&P 500 index rose by 25%, and Bitcoin's price increased by nearly 120%. Among the best-performing stocks, MicroStrategy (MSTR) led with a 402% increase.
4. K33 Research: If history repeats itself, Bitcoin could reach its cycle peak within three weeks, or during Trump's presidency.
Market Analysis:
Bitcoin had a small rebound, bringing other mainstream coins and altcoins to join the excitement! However, we need to stay clear-headed; the bullish opportunities still seem slightly less than the bearish ones, especially with the Christmas holiday in the U.S. stock market, which may cool down trading enthusiasm somewhat. If you bravely bought some during this decline, you might consider making a small profit by trading around 100,000 now, and then wait for better opportunities!
Speaking of predictions, I think Bitcoin might fluctuate between 94,000 and 100,000. Although it has broken through the downward channel, institutions seem not to plan on increasing their holdings during Christmas, so the downside risk is still greater than the upside opportunity. The market may suddenly experience a 'flash crash', so let's be cautious and not blindly chase high prices. If it really falls below 95,000, that would be a good opportunity for us to buy in batches! Remember, missing out is always better than getting stuck!
Back to today's daily BTC market analysis: From the K-line perspective, the 1-hour level shows a downtrend, the 4-hour level is about to decline or consolidate, the 12-hour level shows an uptrend, and if today’s daily line closes positive, it will enter an uptrend. The intraday resistance level is 102,000, and the support level is 96,500 USD.
After the holiday, consider buying these three altcoins that can surge 100 times!
IMX
It provides a compelling case for investors interested in the booming NFT industry. Recent developments highlight the growing ecosystem of Immutable X. Key partnerships, including one with gaming giant Netmarble, indicate increasing adoption of the protocol among major players. These updates align with the recent 7.71% price surge of IMX in the past 24 hours.
The market sentiment towards Immutable X seems neutral, with an RSI of 47.54, indicating that the token may consolidate in the short term. However, its secure foundation on Ethereum, along with advanced features like API abstraction layers and NFT-specific wallet integration, sets it apart. Long-term indicators (such as trading price being 9.68% below the 200-day SMA) suggest that as the NFT market regains momentum, it has recovery potential.
SUI
In today's market, many people are looking for blockchain solutions that can scale globally without sacrificing security or usability, and Sui stands out. The emphasis on accessibility may give Sui an advantage over other more complex or less scalable coins. While the cryptocurrency market is always volatile, Sui's innovative approach and commitment to user-friendliness make it a project worth paying attention to. Compared to other tokens, Sui focuses on solving real-world problems and making blockchain technology easy to use, which could attract more users and developers, thereby potentially increasing market adoption and value.
OM
MANTRA launches OM Coin, a new blockchain designed with security and regulation in mind. It is built for businesses and developers that need a secure and compliant way to use blockchain technology. Unlike other blockchains, MANTRA enables permissioned applications on a permissionless network. This means you can enjoy the openness of blockchain while having controls that meet legal requirements.
OM Coin is known for its speed and user-friendliness. It can process up to 10,000 transactions per second, making it scalable for large applications. It is built on mature technology, providing tools for creating and managing compliant assets. In today's market, many are cautious about security and compliance, and OM Coin offers a promising solution. Compared to other tokens, it strikes a balance between innovation and legal compliance, which may make it attractive to institutions entering the Web3 space.
