Recently, I conducted a comparative study and found that Bitcoin's trading volume has dropped to extremely low levels, comparable to its price oscillation period around 65,000 USD lasting eight months prior. This indicates that the current decline in the Bitcoin market is not controlled by 'whales' or 'big players', but is the result of mutual gaming (PVP) among Bitcoin holders in a low liquidity environment. In other words, the real trend of Bitcoin's price will only become clear after market liquidity is restored. In the current low liquidity situation, even small-scale trades can lead to significant price fluctuations, so the price drop we are witnessing does not reflect long-term trends.
From today's Bitcoin K-line, the 1-hour line shows signs of a rebound, but the 4-hour line is still in a downtrend, and the 12-hour line is also down. The daily line's bottoming process is still ongoing, and this cycle may be prolonged. We need to pay attention to the impact of Bitcoin's price fluctuations at key points in the next two days. Currently, Bitcoin's intraday resistance is at 96,500 USD, and support is at 91,000 USD. As New Year's Day approaches, the market may experience significant movements.
Ethereum has performed strongly recently, bringing confidence to the market, and the signals for a trend change are becoming more apparent, seemingly entering a new phase. Notably, the compensation from FTX is due on January 31, leaving only 4 days, and the potential trend of FTT may bring unexpected surprises.
Meanwhile, AI Agent projects on the blockchain are emerging one after another, but AI projects in the secondary market seem relatively calm, seemingly waiting for the right moment. From the current trend, the rotation across various sectors may replicate the pattern seen at the beginning of the year, starting with AI projects, followed by meme projects, and then other sectors.
Recently, pnut act neiro seems to be rebounding from the bottom, and this trend suggests it may have considerable gains in the future. Reviewing the previous trends of BNB and BGB shows similarities, prompting me to delve into various new coins on BITGET, such as Candybomb, LaunchX, PoolX, and LaunchPool. After screening, I found that FUEL has the highest overlap, and other coins like BGB, TOMA, PUFFER, ZRC, COW, XION, L3, PEAQ, and SWELL frequently appeared. To better assess these coins' potential, I also created an internal table for detailed research.
Below is the investment analysis for some common coins:
Ethereum (ETH)
Buying opportunity: If not already held, consider buying a primary position, with additional purchases possible at 3200 USD and 3000 USD.
COW Coin
This coin has recently received considerable attention, but there may be consolidation actions prior to a price surge. Given the upcoming end of the month and the start of a new annual line, it is recommended to observe.
MOVE Coin
There is an upward trend support in the range of 0.88 - 0.82 USD, and entry can be made at this position. Overall, it looks like a good new coin.
Current investment advice
Consider buying Ethereum and related projects, such as Layer 2 OP, ZK staking-related SSV, LDO, and then staking related ETHFI, EIGEN 1716, etc.
pnut Coin: Currently, 0.6 USD may be the bottom position, a consolidation is expected. For the short term, entry can be made around 0.64 USD, with attention needed on the resistance levels at 0.8 USD and 1 USD above.
COOKIE Coin
Currently, it has surged to near the opening price, and there may be further increases along the 4-hour upward trend in the short term, but the probability of a one-time breakthrough is small. If there are no low-position chips, it is not recommended to chase the rise; it is better to wait for a consolidation pattern to emerge before entering.
COW Coin and LPT Coin
COW Coin: Recently receiving a lot of attention, it may be worth waiting.
LPT Coin: Received considerable attention a few days ago, but the price has been suppressed and still needs consolidation.
Usual Coin
Needs adjustment; its trend is heavily influenced by Ethereum. If Ethereum cannot break out into a trending market or high-level consolidation, altcoins will find it difficult to have independent markets, and this coin has received considerable attention previously.
Dogecoin (DOGE)
There is strong support in the range of 0.27 - 0.3 USD, with short-term resistance near 0.34 USD. The current adjustment situation is good, and patience is needed for potential entry.
1721 bb Coin
From the daily chart, it is not a head and shoulders formation, but rather a bottom range consolidation.
MEMEFI Coin
Currently in a consolidation phase, unable to predict if it can reach 0.085 USD next month. The previous trend followed the general market. From the daily and 4-hour charts, the adjustment time is still insufficient.
TURBO Coin
There is a chance to reach a market value of 5 billion USD. If the market trends positively, this coin is a strong asset.
RATS Coin
After breaking down, there has been a period of downward consolidation. Attention is needed at the 50 - 55 position. If a bottom formation appears, a subsequent rise is still possible, but the decline has prolonged the time cycle, requiring patience to wait for market conditions.
Bitcoin (BTC)
Currently, there are no signs of dropping below 80,000 USD.
KAVA Coin and GMT Coin
KAVA Coin: The consolidation and repair situation is relatively good, waiting for Ethereum to drive the market.
GMT Coin: Previously had a surge, but the current trend is not good and needs to wait for repair.
ZEN Coin
After a surge and retracement, there is short-term support near 27 USD, and strong support around 21 USD below that. Overall, a period of consolidation and repair is needed.
AI Project
Currently in a bottom accumulation phase, with strong support around 0.075 USD.
