BTC has started to fluctuate around 100,000, maintaining a range. This position will accumulate more and more chips over time, becoming denser until new liquidity enters, determining the next direction. If there are no significant news impacts, it will continue to operate within the range. Pay attention to around 97,500 on the downside and 102,000 on the upside.
Ethereum has successfully broken through the major resistance level of 3500. From the daily and weekly charts, it is currently in a bullish trend, and this trend has just started not long ago. Greater movements may still be ahead. Day traders should implement protective measures, take profits in batches, and wait for Ethereum to adjust before choosing a good entry point again. The next 20 days in December are crucial; whether we can stabilize will determine if everyone can have a prosperous year!!!
First, the CPI will be announced on Wednesday.
Second, the Federal Reserve's interest rate meeting will be announced on the 19th.
Third, the last quarterly settlement of 2024.
The above three nodes all have a certain degree of influence. If they all meet expectations, it is worth celebrating for retail investors.
Of course, the final decision on gains still depends on what coins you buy. Only valuable or trending coins have the potential to rise with the broader market.
Recently, focus less on market trends and pay more attention to the fundamentals and the flow of funds.
Returning to the main topic, the AI artificial intelligence sector is currently attracting high market attention. The outstanding performance of many recent AI projects can well reflect the current market sentiment.
Previously, Musk publicly supported the AI and gaming sectors. The FET and blockchain game Big Time that Xianxian shared have both had a growth potential of over 30%. As for UIti, a project in both AI and blockchain gaming, it has had a maximum growth potential of over 50% since the first share.
Moreover, when the heat is high, the time required for spot trading will also be significantly shortened. FET, Big Time, and UIti have all reached their expected values in just a few days. Therefore, as mentioned earlier, as long as we keep up with the market pace, even if we can't grab a large piece of 'meat', following along to 'drink the soup' is definitely fine. After all, when everyone is paying attention, many opportunities will arise accordingly.
I saw on Twitter today that Hook's official account released an interesting construction plan, indicating they are going to develop AI agents on BSC?
The current heat and attention on AI are consistently high, which has been mentioned many times. If Hook develops in this direction, then the future market performance will definitely be incomparable to the present.
After all, AI agents are currently one of the hottest sectors. One can imagine that once a bridge is built on AI, the impact will definitely be more than just 1+1.
Xianxian will continue to pay attention to the market's development! If suitable, it will be shared with everyone in the community at the first opportunity.
Recently, the situation in South Korea has been quite unstable. However, this also aligns with market rules. After all, it was mentioned earlier that every upward trend cannot be smooth sailing. Otherwise, if there were only good news, how would the market makers wash out their positions? And how could they liquidate and squeeze leverage?
Previously, there was a sudden crash that dragged down the overall market. Today, the Korean stock market also dropped, affecting the cryptocurrency market. However, everything seems to be interconnected but without deep financial ties; they are merely excuses for capital operations.
I heard you are still waiting for the altcoin season? Actually, we are already in the altcoin season!
The altcoin season index has reached 86, approaching 100. In the past 90 days, 42 out of the top 50 tokens have outperformed Bitcoin, accounting for 84%.
PEPE has reached a new high, BabyDoge has a daily increase of 90%. The only interesting thing this weekend was probably that Musk posted two pictures on social media on Saturday, one of dogs sweeping the city and the other of an old horse carrying a small horse. After the release of these two pictures, the entire MEME sector reacted, with Babydog's daily increase reaching 90%, Doge rising slightly, and Pepe reaching an all-time high in the evening.
The entire market is experiencing a small climax, and this is Musk's influence.
BTC's dominance has retreated from a high of 61% to around 55%, and there is significant resistance at the 55% level of Bitcoin's dominance.
So, keep your altcoins well. We only need to focus on Bitcoin's dominance; once it drops below 50%, altcoins will experience a historic breakthrough and surge!
There is a saying that emphasizes the importance of order:
The best time window for trading altcoins is now. The sectors are rotating. If the altcoins in your hands are not rising much, do not panic. As long as they are quality altcoins, they will have their moment, and you just need to wait patiently and hold on. The market makers will definitely make their move!
There are only a few months in each cycle when it's easiest to make money. Do not switch back and forth or trade randomly! Otherwise, you may miss the entire bull market!