The new week begins with Bitcoin breaking its historical high, igniting market sentiment. The current FOMO wave in the Asian market has pushed prices higher, but the real key points will emerge after the US stock market opens in the evening, at which point the market will better reflect global capital attitudes. A series of favorable news recently, such as MSTR being included in the Nasdaq 100 index, has further attracted institutional funds, laying a solid foundation for Bitcoin's continued rise.
In the short term, ETF dynamics may become the core highlight tonight. Market sentiment remains optimistic, hoping that ETF funds can further push BTC higher, rather than trigger short-term profit-taking sell-offs. Against this backdrop, the Federal Reserve's interest rate meeting on the 19th is one of the most important risk and opportunity points of the week. According to market expectations, the probability of a 25 basis point rate cut exceeds 95%, which could inject new upward momentum into the market. Powell's speech may further stimulate sentiment; if positive signals are released, the market may continue to rise.
In the absence of strong new narratives in the altcoin market, rotation speculation has become the mainstream logic. Previously strong AI sectors may gradually fade from focus, while strong altcoins like PEPE, SOL, PUNT, and DOGE will attract funds again. It is important to note that the rhythm of altcoins can be highly volatile, and opportunities are also more fleeting.
Moreover, the policy dynamics of the Bank of Japan this month are worth noting, as it is expected not to raise interest rates, which will further consolidate the global easing atmosphere and benefit the rise of risk assets. However, the liquidity exhaustion risk brought by the Christmas holiday cannot be ignored. During the US stock market closure, Bitcoin may experience severe fluctuations due to the lack of market maker control, facing greater price risks.
Controlling position size is particularly important. Short-term traders should pay attention to spot costs and operate flexibly to cope with potential volatility. Mid-term holders are advised to gradually reduce their positions around the 20th to avoid potential pullback risks brought by the Christmas holiday. The rotation opportunities in altcoins are also worth seizing; targets with solid fundamentals and institutional support, such as DOGE and SOL, should be positioned when trends are confirmed, and stop-loss orders must be set properly.
Market opportunities and risks coexist; rational layout and steady progress are the important guarantees for navigating through bull and bear markets.
Three popular cryptocurrencies that can still be bought at the bottom during the altcoin bull market!
DOGE
This morning, a large number of buy orders appeared at Trump's address, driving the market up, with Bitcoin breaking new highs and once again showcasing strong bullish momentum. As a top player in the market, the meme sector will not miss this opportunity; currently, both Dogecoin and PepeCoin are above their support levels, and signs of a rebound have already appeared in the short term.
For Dogecoin, the signs of a bottoming out are very obvious. Although Musk seems to have not paid much attention to DOGE recently, it is still worth considering a small position, especially around $0.35, where support is strong. If market sentiment remains optimistic, Dogecoin may rise again.
TRX
TRON (TRX), as an important player in the cryptocurrency space, has attracted widespread attention from investors with its recent remarkable price surge. On December 3, 2024, TRON's price surged by 107.57% compared to the previous period, reaching $0.4407, fully demonstrating its market appeal. Although the current price has slightly retreated to $0.2838, its strong blockchain ecosystem shows great resilience, continuously attracting user and developer participation.
In addition to price performance, TRON's network activity is also worth paying attention to. Its efficient blockchain architecture and stable network operation support make TRON a project that combines practicality and investment value in the market. The continuously growing trading volume and active user base further confirm TRON's core position in the decentralized ecosystem.
JASMY
JasmyCoin (JASMY) has recently performed strongly, with a price of $0.04602, up 6.24% in the past 24 hours. Its market capitalization has reached $2.27 billion, an increase of 5.46%, while the 24-hour trading volume surged by 29.92% to $244.75 million. These positive indicators reflect JASMY's strong performance in the market.
JASMY's annual performance is particularly remarkable, with a price increase of 645%, far exceeding most of the top 100 cryptocurrency assets, demonstrating its strong appeal among investors. The current price is well above its 200-day simple moving average (SMA) of $0.024078, indicating that its long-term upward trend remains strong. The fully diluted valuation (FDV) is $2.29 billion, and the circulating supply is 49.39 billion JASMY, close to the maximum supply of 50 billion, which provides space for future supply management.
Overall, the strong performance of JasmyCoin and positive market sentiment indicate that it may still have upward potential. In particular, its active trading activity in the market and relatively strong trend provide potential opportunities for investors.
