Bitcoin surged back to above 94k after failing to reach 92k. The support between 92k-94k is solid and won't be broken easily. The recent sharp drop has caused many people to be liquidated, and this wave of washing out should be preparing for a rise after Trump takes office! Bitcoin is clearly in an oversold area on the 4-hour chart, indicating a potential bottom. Currently, Bitcoin is bouncing at 92,414 dollars, supported by this level.
Will Bitcoin see a significant rebound? I think there should be such an opportunity. Next, we can analyze the RSI indicator and Bitcoin liquidation map indicator.
(1) The RSI indicator is severely oversold.
The RSI indicator is severely oversold, and the TD indicator has also shown buy signals at 9 and 13. Today, there is a high probability of a short-term rebound, but after the rebound, there will still be a secondary dip for support. Resistance is near 96,000 dollars, and support is near 92,500 dollars.
(2) Bitcoin liquidation map.
The liquidation map data shows that there have been basically no long positions formed between 92k-94k, while a large number of short positions have accumulated near 96,000-97,000 dollars. The market won't let these shorts profit so easily. Given that Trump will still be in power to carry out these operations, there is an opportunity to squeeze these shorts.
Overall, there's no need to pursue shorts today; instead, prepare to buy the dip.
Since Bitcoin broke 100k after the U.S. elections on November 5, it has never effectively dropped below 90k. Although this level is not impregnable, countless shorts have faced fierce resistance from bulls here. A rebound to 96-97k, if it breaks 98,200, will push towards 100k again. So, 93,300-91,555 remains the range for short-term bottom hunting.
Silk Road selling coins, Trump's statements, and interest rate cut expectations are all just bumps on the way to 150k and 250k. Invest with a long-term mindset, and no one can cut you off!
I firmly believe in this: everything that happens must benefit me. I've lived by this principle over the years. Don't panic!
In terms of speculation, mainstream coins and meme coins have all seen a decline, and the on-chain market has also been affected by the launch of contracts like swarms on Binance. Yesterday, swarms, ai16z, etc., generally experienced a significant pullback, but a part of the on-chain still performed well.
(1) The framework class pinppn has broken through the 100 million dollar mark. Once it surpasses 100 million, the market cap will quickly reach 200 million.
(2) The MAX model class reached a market value of 200 million dollars yesterday. Although it has pulled back significantly, it is still worth paying attention to. As long as the bull market continues, the MAX model will remain steady.
(3) The main targets of defi+ai; BUZZ NEUR GRIFT HTERM TRISIG. Currently, this track is only in the data analysis stage, and a part has developed natural language AI finance. I think this track can directly reach users beyond the framework, so the future potential is unimaginable.
I believe that on-chain AI will not stop; this will be the mainstream narrative this year. There's not much else to write about today, just continuing to scan the chain for valuable coins.
