December 12th Old Veteran Talks About Coins

Market Review and Analysis

The market has started to recover. The day before yesterday, we entered the market during a big drop, and yesterday's rebound was quite decent. Today, we continue to see the rebound push up, especially for the recommended coins from the day before yesterday, which are now generally rising. It's not that the coins I recommended are having an independent market performance; it's just that in this stage, the market is showing this kind of rise. It’s just a matter of who can reach the target level first or who can maintain strength. We are not focusing on Bitcoin; altcoins are currently moving up step by step. Once they firmly stand above 3800 points, we can clearly see the new high position for this year, and then we will look at the historical new high trend. Thus, in this stage, some positions can become medium to long-term holdings, allowing for more concentrated chips and greater returns. The altcoins currently of interest are: FET, YGG, PEOPLE, AR, TRB, AGLD. These have rebounded quite a bit in recent days. I clearly mentioned the day before yesterday, just buy randomly, and yesterday you could start making random profits. It doesn’t necessarily mean you have to buy the ones I recommended; the key is that as long as you don’t chase after those that have risen a lot beforehand, you will be fine.

Today's Highlights

The focus on Bitcoin remains the same; it won't experience the halving that everyone imagines, nor will it rise significantly continuously. In the following stages, we may see a fluctuating market giving opportunities to altcoins and small coins, but just refer to Bitcoin's trends more.

The ETH market is relatively clear. I made it clear yesterday that the market would repair the pullback from a few days ago. Today, many coins have already returned to their original positions, and some coins have come back halfway. I also clearly stated that altcoins will continue to catch up, first looking at the 38-3900 range. In the subsequent market, we will see whether altcoins can strongly break the 3900 line today and touch 4000. The support points at the intraday level should focus on the 3760-3800 range. Today's closing will determine whether it stabilizes above 3800 points, so hold onto your chips well.