Brothers, happy weekend!
Yesterday, after Bitcoin's spike, it rebounded and consolidated. In the evening, the US non-farm payroll data was lower than expected, indicating poor economic conditions that urgently require interest rate cuts to stimulate economic recovery. Bitcoin responded by rising, and within one night it returned above 100,000. During the weekend, Bitcoin's consolidation time is a crazy time for altcoins. The second-largest ETH may break through 42,000 in the next few days.
Bitcoin plummeted yesterday, and the market has already recovered and continues to rise 24 hours later.
On December 5th, Bitcoin broke through the 100,000 mark during the day, on the 6th it crashed in the early hours and altcoins resisted the decline. During the day on the 6th, we are currently seeing a comprehensive V-shaped recovery, so we can continue to be bullish for another week. The peak of this round of increase has arrived, cherish the precious one-sided market, and take the favorable trades. Su Bai expects that after Christmas, it will enter a phase of major sideways fluctuations for digestion.
The altcoin leader Ethereum has finally become a bit stronger, reaching the position of $4000.
Although Ethereum is moving slowly, its structure is still good. Yesterday's surge still drove Defi and some Ethereum ecosystem coins, with short-term pressure at 4100. Once it surpasses 4100, it will aim to challenge historical highs. Ethereum symbolizes altcoins; only when Ethereum improves can the altcoin market do better!
From Grayscale's holdings, we were surprised to find that several such good assets have hardly increased!
In the past 30 days, the average increase in assets held by Grayscale Trust, calculated by market capitalization weighting, reached 218.27%.
Looking back at Su Bai's article [Bitcoin Breaks 100,000, Witnessing History! The Main Uptrend of the Bull Market, Opportunities to Lay Out Hot Coins in the Future! Hold these 4 Mainstream Tokens], it mentioned that Grayscale plans to consider a holding list of 35 cryptocurrencies.
Among them, Su Bai is most optimistic about four assets: JUP, FET, DOGE, TON.
=>JUP
JUP is a DEX on the Solana chain, the popularity of memes provides great support for both Ray and JUP, while Grayscale recently removed Ray but retained JUP, indicating a choice between the two. JUP has a long-term accumulation box and bottom structure, and Su Bai believes that a retracement near 1.3 is a good buying point.
=>FET
Among the three leading AI projects, Tao has already been introduced, but its unit price is relatively high, while WLD's fundamentals are too weak, and FET is the asset that retail investors are most willing to buy. Moreover, FET has also been included in index 50, with almost full circulation.
=>DOGE
Needless to say, the token of the national hero Elon Musk, it could soar in various ways next year, with a target of 1U.
=>TON
This is a magical public chain, while others look at TVL, it mainly focuses on traffic. This could be a potential reverse black swan that may bring a massive influx of new retail investors into the crypto space. It remains to be seen whether there will be a breakout in gaming, memes, or other areas, especially after a significant explosion of playable games, TON may also rise to an unbelievable level.
In the past 30 days, FET has risen by 47.9%, JUP by 47%, DOGE by 84%, and TON by 43%. Except for DOGE, none of the others can be considered to have risen particularly sharply.
Opportunities are for everyone to share, how to grasp them depends on the individual.
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