Fundamentals: BTC remains in a high-level adjustment and has not deteriorated.
Altcoins have entered a downward state, opportunities for this week are to be considered. ETH has already reached a bottom and it is difficult to have a significant drop again.
Looking at most tokens, the announcement of results will form an important low point. BTC short-term resistance level is 70010 ~ 70420, and short-term support level is 68170 ~ 67350.
During the rise, excitement will be intermixed; during the fall, panic will accompany it. Maintain a light spot position to continue bottom fishing, hold positions that are suitable, and wait for stabilization to increase the position. For contracts, maintaining a low-cost long position is highly cost-effective, if it can stop falling this week, it will rebound upwards.
Regarding altcoins:
Essentially, there is still a lack of liquidity; funds have gone into ETFs without spilling over to altcoins. However, there are also increasing numbers of altcoins that divert funds infinitely, and the continuous unlocking and dumping is the reason for this round of altcoin season, which has mostly turned towards MEME projects. It is best to take profits and run; it is advised not to have a narrow mindset.
CZ also mentioned that this year is a year of repair, and the big bull market is still in the next year, so it is important to remain firm in your beliefs and not to be left behind.
I also want to say that a bull market is opening, halving trends are emerging, and global consensus is deepening.
BTC will inevitably reach $100,000 to $200,000 next year!
One very clear point: whether Trump or Harris wins, there will be no change in the fundamentals of Bitcoin!
Bitcoin has a strong history of rebounding after elections, regardless of which political party wins. Cryptocurrency chart expert Ali pointed this out and emphasized that even when Joe Biden won in 2020, the market still rose.
This trend supports the widely held view in the cryptocurrency space that while elections may affect BTC's short-term reactions, they rarely impact its long-term growth.
Only one day remains until the beautiful country decides on the next president, with BTC's price slightly below $69,000, almost surpassing the historical peak of $73,737 from about a week ago.
So far, by 2024, BTC has risen over 60%, outperforming traditional assets like gold and stocks at that time.
Recommend these tokens with unlimited potential:
» ￥ONDO
Market capitalization: $838 million
24-hour trading volume: $76,624,000
ONDO will definitely appear on this list, as it has led the rise of RWA series tokens multiple times.
Currently considered a leading project in the RWA track, it is a project that has been quite popular and is generally regarded as a quality RWA project.
The team behind Ondo Finance is quite luxurious, with a Wall Street background, and both capital and market makers belong to Wall Street capital and regular forces.
From the very beginning, it received support from institutions such as BlackRock and Morgan Stanley, and also received investments from top venture capital firms including Founders Fund, Pantera Capital, and Coinbase Ventures.
For the ONDO token price, there has been neither a significant rise nor fall, it has been low opening and high rising, slowly climbing, the market maker management team is doing very well, and currently, the ONDO token market value has reached over $800 million.
ONDO is a financial protocol focused on the RWA track. Currently, its main business is to tokenize high-quality assets such as U.S. Treasury bonds and money market funds within a compliance framework for investment and trading by blockchain users.
» OriginTrail (￥TRAC)
Market capitalization: $259 million
24-hour trading volume: $3,329,800
Up 130% within the year.
TRAC is a decentralized indexer and oracle network for Bitcoin, established by Belly and its team. TRAC is the governance token for the Tap protocol, and currently, you can stake TRAC to mine TAP.
The team is currently one of the few active BRC20 infrastructure builders, having completed millions of dollars in seed round financing through the $TAP token. There is a team, funding, and construction progress.
The TRAC project has strong overall capabilities, with indexing projects supported by strong communities, such as Bitmap, DMT ecology, etc.
The Tap protocol is the main platform for DMT applications, which is derived from Bitmap. Its theory suggests that the data on top of Bitcoin is immutable and can be utilized, generating non-fungible tokens and NFTs through secondary data development.
» Dogecoin (￥DOGE)
Market capitalization: $24.645 billion
24-hour trading volume: $3.124 billion
Dogecoin's current price trend shows that DOGE has recently surpassed $0.16609, with a daily increase of 11.4% and a trading volume of $3.1 billion.
Analysis of the candlestick chart shows that it is currently in a volatile trend.
The simultaneous rise in price and trading volume is a sign of strong market buying pressure, indicating that buyers are willing to trade large volumes at higher prices, reflecting optimistic market sentiment.
In this case, prices are expected to continue rising due to strong market momentum and ongoing buying pressure.
Investors are advised to pay attention to the breakout of key resistance levels. If the price can consistently break through and stabilize at higher levels, it will confirm the continuation of the upward trend.
» WhiteBIT Coin (￥WBT)
Market capitalization: $1.634 billion
24-hour trading volume: $7,349,300
WhiteBIT Coin (WBT) — Native asset of the largest European cryptocurrency exchange — WhiteBIT.
WBT's price has risen 255% over the year.
WhiteBIT Coin positions itself as a 'traditional investment choice'. While other utility altcoins operate based on token economics, WBT adopts a different strategy by unlocking unique services within the product ecosystem.
Besides user interests, WhiteBIT Coin is primarily an important part of WB Network - WhiteBIT's native blockchain, designed to ensure greater scalability and faster operational processes.
In short, the main goal of WB Network is to enhance the overall user experience by increasing TPS and reducing fees.
Nevertheless, token economics do apply to WhiteBIT Coin—through burning, its supply and demand remain around $5.7, purely defining the asset as a utility token.
