It has already started during the day, and from today, a new round of falling frenzy has officially begun! To sum it up: every time it rebounds to the top, it will fluctuate violently up and down, and go sideways for two whole days, confusing your direction and making you mistakenly believe that there is still a market that will continue to rise, but then the main force resolutely chooses the downward direction!
A short-term clean-up is inevitable, and that's how good news comes out.
After Bitcoin passed the ETF on January 10, it fell for 12 days and then started the ETF market.
At present, the crypto market has been undergoing a wash-out for three consecutive months. Market sentiment is depressed, and it is not realistic to continue to wash out for a few more months. I think this wash-out will be shorter than the number of days after Bitcoin passed the ETF. I still maintain the view that it is a short-term wash-out.
How low will it fall before buying at the bottom?
1. The correction predicted two days ago also appeared as expected. This correction may be the last night before the big surge.
2.BTC callback range is 60000-63500, we will see where it falls to.
3. If ETH can fall back to around 2850, you can buy it directly on the left side
The U.S. stock market fell, Mt. Gox transferred Bitcoin, and Grayscale sold Ethereum. There will definitely be opportunities for gold mining in the near future. Prepare your bullets and be ready to shoot at any time!
Potential altcoins worth paying attention to now
1. The United Nations
Price: $2.64
Market Cap: $328.66M
24-hour trading volume: $10.66M
Jito (JTO) has shown resilience during the recent market crash, indicating strong growth potential. Currently trading between $2.37 and $3.20, the nearest resistance is $3.50, while support is firmly established at $1.83. With the 10-day SMA at $2.56 and the RSI near a neutral 49.96, bulls seem ready for further gains. If Jito breaks out of the $3.50 resistance, it could surge to $4.33, marking a massive gain of over 30%. Recent price changes, including a 10.5% gain in a month and over 36% in six months, further suggest a bright future ahead.
2、ARB
Price: $0.7032
Market Cap: $2.36B
24-hour trading volume: $99.55M
Arbitrum's token has experienced 16 trading days of gains in the past 30 days and is currently trading near its cycle high. It also exhibits high liquidity, a positive indicator of market activity based on its market capitalization. The latest developments in the Arbitrum network highlight its future growth potential. With increased user activity, rising asset values in the DeFi ecosystem, and a surge in NFT sales, Arbitrum has become a significant player in the crypto space. The project's ability to improve Ethereum's speed, scalability, and cost-effectiveness makes it a worthy option for investors considering investing in cryptocurrencies.
3、SUI
Price: $0.7433
Market Cap: $1.88B
24-hour trading volume: $19.37M
Sui is a smart contract platform supported by a set of decentralized validators similar to those in other blockchain systems. Its native token, SUI, is used to pay transaction fees and can be staked with validators through a delegated proof-of-stake model for specific periods of time (called epochs).
Sui is also known for its scalability, allowing independent transactions to be processed simultaneously. The platform benefits from strong community and developer support, attracting more users. Support from major industry players adds credibility, and recent partnerships with financial institutions have boosted SUI's reputation, potentially increasing its price.
That’s all for today’s analysis. If you have any questions, please feel free to contact me.
Finally, Xiaoru wishes everyone to become rich soon!
If you buy at the bottom in this market, you might end up buying halfway up the mountain. If you don’t buy at the bottom, you might miss the chance to get on board!
In any industry, insiders make money from outsiders. If you don't understand the trend, investment strategy, or systematic investment method, you are welcome to learn from me. In the financial market with the most smart people, you can successfully dig for gold!
