Good afternoon, brothers!
This week, Bitcoin may maintain fluctuations, which could create opportunities for altcoins.
After Bitcoin rebounded above $100,000, the price experienced severe fluctuations and fell back, with no significant stronghold formed. The daily level still needs to observe the performance after the US stock market opens. From the candlestick chart, Bitcoin is in a downtrend on the hourly level, but the 4-hour, 12-hour, and daily levels are all showing a sideways trend. The intraday resistance level is at $102,250, while the support level is at $97,200. Currently, the bearish engulfing candle has consumed Sunday’s bullish candle, which is not significant, but the top divergence signal is clear, and short-term gains may be hindered.
At this moment when the overall market is stagnant with small fluctuations, we must remain calm and composed. Regardless of long or short positions, we should defend well, conserve energy, and wait for the best opportunity!
This weekend, the crypto market experienced a small climax!
Su Bai mentioned in an article written last Sunday (Top Narrative - Memecoins are about to rebound, pay attention to these 7 Meme coins with 100x potential) that the meme sector is about to rebound, and it has already been pointed out to everyone!
On Saturday (December 7), Musk posted two pictures on social media, one of a dog sweeping the city and another of an old horse carrying a pony, instantly igniting enthusiasm across the entire MEME sector.
Babydoge's daily increase reached as high as 90%, with Doge also slightly rising, while PEPE has for the first time surpassed $10 billion in market value, ranking 20th and successfully surpassing Litecoin (LTC). This is the power of Musk; a single image ignites waves, driving countless investors crazy!
Currently, the altcoin season index has soared to 86, just one step away from 100. In the past 90 days, 42 of the top 50 tokens have outperformed Bitcoin, accounting for a high rate of 84%.
Therefore, the key going forward is that everyone needs to hold onto the altcoins in their hands well. As long as Bitcoin's dominance falls below 50%, altcoins may experience a historic breakout and surge!
As the saying goes, "First come, first served," the best time window for trading altcoins is now!
After all, the altcoin sector is cyclical; if the altcoins you hold aren't rising much, there's no need to rush. As long as they are quality altcoins, they will eventually have their bull market. Just be patient and hold on, don’t rush to sell, and wait for the market makers to push!
Within a cycle, the most profitable months are actually just a few, so do not operate frequently or easily make swings, as you may miss out on the entire bull market opportunity!
Seize the future wealth code! Lay out five potential coins with 100x returns!
1.TIA
TIA has reached the entry range; currently, it seems it might drop a little more, so you can wait around 7.6. Current market capitalization is $3.514 billion, with a 24-hour trading volume of $299 million.
2.AKRO
Buy AKRO, which has the meaning of guiding from an immortal; stop loss at 0.005433, with a stop loss of less than 4 points, which is very cost-effective. Current market capitalization is $26.1969 million, with a 24-hour trading volume of $9.8691 million.
3.ai16z
ai16z has started to pull back, but the trend is still okay. Current market capitalization is $530 million, with a 24-hour trading volume of $24.6191 million.
4.RSR
Currently, RSR is in an adjustment phase, near its cost price. Market capitalization is $900 million, with a 24-hour trading volume of $195 million.
5.TURBO
Turbo continues to hold, with a maximum of 50 points. Current market capitalization is $892 million, with a 24-hour trading volume of $544 million.
More practical strategies, specially prepared for spot enthusiasts and those hoarding coins in a bull market! Click on my avatar to follow and get my bull market strategy deployment, shared for free with all fans. You need references, I need fans, to be the most generous bull market blogger on the entire internet!
