BTC continued to fall, hitting a low of $95,000. The market fell across the board, but $ARC and $USUAL rose against the trend, performing well. • Yesterday, the Fed cut interest rates by 0.25 percentage points, and Powell's remarks caused the market to fluctuate again - this is nothing new. • In the past few months, cryptocurrencies and stocks have risen like crazy, and it is only a matter of time before they fall back. • As the US dollar strengthens, BTC is naturally under pressure.
BTC drops to 95,700, where is the bottom? Where are the opportunities for altcoins?
Let's talk about the K-line and on-chain data first: BTC's URPD data, as shown in the figure, has strong support at 94,000 and 95,000. It can also be seen from the K-line (daily line) that although it broke through 100,000 and fell to around 90,500 on December 5, the subsequent declines have been stable above 94,000. So next it depends on market sentiment and the events that affect the negative and positive. How big is the negative sentiment to break the 94,000 position?
Note: A short-term crash is not considered a support break. Only when there is a problem with the distribution of chips on the chain can it be considered a real support break. To put it bluntly, even if the K-line price drops below 94,000 and then quickly recovers, it is not considered a support break. After all, data is dead, but human emotions are "alive"
Then we look at the events that affect sentiment, that is, macro and fundamental factors: there is also PCE data tonight. In fact, Powell’s speech has been very clear before that there is unlikely to be a rate cut in January. It depends on how the market interprets the data. The negative news is not that bad.
The main reason is that it is the weekend and there is no liquidity on the weekend. Then on the 23rd, MSTR will officially enter the Nasdaq 100. This is a real positive in terms of funds. I hope this can drive the market sentiment. Then on the 24th and 25th, the US stock market will be closed.
Don’t panic! The market is reversing to pick you up!
90% of the Trump family’s funds are heavily invested in Ethereum, and they have all been trapped. They were still buying coins yesterday despite the sharp drop. They are reversing to pick up people and stabilize themselves. If you are trapped, the President of the United States will be trapped with you. What is there to panic about?
As the market has come to this point, I believe that everyone has used up all the bullets that should be fired. As long as you don’t play with contracts, there are plenty of opportunities. If you still have bullets, buy the bottom in batches! Without further ado, I recommend several targets to you!
➜$OK
I won’t explain it in detail as I have said it too many times. The RWA track is backed by big Wall Street capital, it is an emerging track for 24 years, and Trump holds a position in it.
➜$DOGE
I call it a MEME that will never lie, much better than that NEIRO ACT PNUT!!! Buy on dips, make regular investments, 1U is not a dream!
➜$JUP or ➜$JTO
Although the SOL ecosystem has been somewhat weak recently, SOL, as the most dazzling public chain in this round, has risen by more than 30 times from the lowest point of 8u. It is very strong. Even if you don’t hold SOL for a long time, you must have a copy of it!
MOVE public chain
SUI MOVE Choose one of APT, I recommend MOVE. It also rose strongly today, not following the market at all! I also recommended it to you when it was around 0.6! Hold on firmly if you enter the market!
Listed on Binance ($CHEEMS, $MONKY)
Sooner or later, one of these two dogs and monkeys in the BSC ecosystem will be listed on Binance spot, so let's wait and see!
ALPHA is currently listed on Binance. For those who haven’t entered the market yet, it is recommended to start with CHEEMS and add to the position near the beginning of 8. For MONKY, start with MONKY and add to the position at the beginning of 16.