Since November 19, ZEN’s cumulative increase has reached 457.82%.
Even during the Bitcoin correction, ZEN remained strong and did not experience significant declines.
In the past 24 hours, ZEN has bucked the trend and gained 22.79%, showing a strong independent trend.
The logic of this wave of rise has gone beyond traditional technical analysis and is driven to a greater extent by a combination of fundamentals, news and capital preferences.
Yesterday, JASMY broke out of a descending wedge pattern at around $0.03721 and rallied 10% higher.
Currently, the coin has entered a horizontal resistance zone and is currently trading at around $0.038.
The key support level for the current price is $0.038. If the price falls below this point, the support levels below $0.035 and $0.031 need to be watched.
If the price stands firmly above $0.038, the next key resistance level is $0.04.
A break above $0.04 could bring further gains, with the target resistance range of $0.048 to $0.060.
The altcoin sector has risen in tandem with mainstream coins, with most showing slight gains. Today, the key focus is on whether mainstream coins can hold their ground, with expectations for the upward trend to continue.
In terms of positions, continue to hold SATS, clear around 50, with a medium-term target of 80; reduce holdings of CKB and hold, waiting for an ecosystem breakout; consider reducing holdings of FTM; hold POLYX; hold ACT.
There is no news on the fundamentals. In the primary market, on-chain MEME popularity has declined, but DOGECAST can be monitored as it has good narratives and can be prepared for a potential launch.
For technical analysis learning reference only, not as investment opening advice. Profit and loss are at your own risk.
Daily Chart Analysis: Due to the impact of the Christmas holiday, market liquidity is low, and today's market performance is relatively flat.
The price reached a daily high near 993 and then fell back to 973, with further support around 964. We need to be cautious of the extreme position at 95, where there are signs of capital accumulation.
A bullish candlestick appeared yesterday afternoon, but the trading volume was low, which may be a short-term pump due to the Christmas holiday.
Overall, market sentiment is relatively cautious, and the price is expected to retest 95, although it may not happen today.
4-Hour Chart Analysis: Current bullish momentum is weakening, and the market is lacking upward strength, with price action gradually losing momentum. It is advised to avoid blindly chasing long positions and to remain cautious.
15-Minute Chart Analysis: The candlestick at 8:45 AM shows that there is capital pressure above, further confirming the view that there will not be a significant rise in today's market.
Intraday Trading Strategy: Given the poor liquidity during the Christmas holiday and that the European and American markets have entered the holiday, it is recommended to wait for a pullback before entering at lower levels to set up long positions.
An interesting phenomenon has emerged in the market today. Most of the AI/DeSci-related projects I have on hand have attracted a lot of funding due to sudden hotspots like AIPool.
However, Evan has not been significantly affected and has continued to rise.
This indicates that investors in pure meme coins and those focusing on AI/DeSci projects are not entirely the same group of people.
Players involved in meme coins are more concerned about the community atmosphere, while AI/DeSci investors pay more attention to the narrative of the project, its technical background, and the strength of the team.
In the AI/DeSci field, there is still some phenomenon of capital "siphoning" from one another, which means that the amount of capital in the market is still limited and cannot support so many different projects.
It may be necessary to wait for the next wave of capital accumulation, the emergence of more quality targets, and further validation of the narrative in the sector to attract more funding into the market and promote the development of the entire market.
Today's market has shown an overall sideways and volatile trend, with a relatively small range of fluctuations, performing quite steadily. On this Christmas Eve, whether the market can maintain this tranquility still needs to be monitored.
For mainstream cryptocurrencies, the key price levels are as follows:
Upper resistance level: Pay attention to the resistance in the range of 95490 to 96520 and 97580. Lower support level: Watch for the support strength around 94350 to 93520 and 92470.
For another important cryptocurrency, its key price levels are as follows:
Upper resistance level: Need to pay attention to the resistance in the range of 3434 to 3465 and 3513.
Lower support level: Keep an eye on the support situation around 3402 to 3383, 3356, and 3338.
For spot investors, there are currently several potential sectors and cryptocurrencies worth paying attention to. Below are two options that may have good opportunities in the short term:
RWA Sector:
ONDO is currently priced around 1.59, and it may be worth considering a gradual accumulation with a short-term target around 2.2.
MEME Sector:
SHIB is currently priced around 0.0000218, and similarly, it can be acquired in batches, with a target profit roughly at 0.000033.
Please remain rational during the investment process, act within your means, avoid letting market fluctuations affect your decisions, and always maintain a calm investment mindset.
On the daily level, BTC is still operating below the 5-day moving average, and at a lower level, it is also in a "below the line" state.
The current price is in the oversold area, and if the bearish candles continue to expand, it may attract bottom-fishing funds to enter the market.
Other cryptocurrencies in the market have already shown strong performance, indicating that the overall market has entered a bottoming stage. Once the distribution is completed and the bottom is confirmed, the price is expected to rise.
In terms of operational advice, shift to a bullish mindset, and when configuring daily bearish candles, it is advisable to moderately increase spot positions. In the short term, one can take advantage of BTC's decline to go long at low levels, which offers a relatively high cost-performance ratio.
BTC's short-term resistance level is in the range of 96970 to 98250, and the support level is in the range of 92970 to 91850.
There is nothing wrong with trading based on macro data, but it is important to note that macro analysis often focuses on a vague time period rather than precise time points or specific price ranges.
While we can expect the market to rebound at some point, the sharp declines that precede this are often difficult to predict.
Therefore, if you plan to trade based on macro data, be cautious about using high leverage, as many investors end up being 'buried' by market fluctuations.
Take Bitcoin halving as an example: although macro data is generally bullish, many people go heavily long based on this, but the several declines that occur before the rise often lead to them getting trapped early.
Many people may not realize the difference between a bull market and a bear market. In short:
In a bear market, prices typically experience a sharp rise followed by a gradual decline; in contrast, a bull market may see prices suddenly drop but then quickly rebound.
Before a bear market arrives, despite the global influx of negative news, prices often rise against the trend; while before a bull market, although negative news still exists, there will occasionally be some positive developments.
One characteristic of a bear market is that many cryptocurrencies experience significant price fluctuations, rising and falling intermittently; however, in a bull market, most cryptocurrencies show a sustained upward price trend.
Another feature of a bear market is that the market capitalization of many altcoins may evaporate by more than 90% within one or two years.
Currently, many altcoins have dropped by 90%, and they may continue to decline in the future.
Only a few promising cryptocurrencies can survive in a bear market and then experience a breakout in a bull market.
In a bear market, there are more bearish candles on the candlestick chart, indicating an overall downward price fluctuation, with retail investors typically in a state of loss and finding it difficult to profit.
In contrast, the characteristics of a bull market include increasing trading volume and market activity, with more bullish candles on the candlestick chart, prices rarely fall, and most retail investors can make a profit, with losses occurring less frequently.
The current situation of Bitcoin is that, although the rate of decline has slowed, the overall trend is still not fully stable, and the price is still slowly going down.
The good news is that market sentiment is no longer as fearful, and selling pressure has decreased.
However, we still need to remain vigilant; if Bitcoin suddenly experiences a significant drop, altcoins may also be affected.
Of course, this is just a personal opinion, and investment decisions should be made independently.
I anticipate that Bitcoin might oscillate between 94,000 and 98,000. From the current market sentiment, it seems that people's panic has eased.
If Bitcoin falls below 90,000, it could be a good opportunity to enter the market.
Generally speaking, sharp declines in a bull market last about 7 to 11 days, and it seems that the time window is almost here.
The opportunities in this bull market may not be as abundant as before. If we view it as a decentralized entrepreneurial platform, the current opportunities are actually not inferior to the bull market of 2021. The only difference is that the difficulty of choice has increased; it is no longer the case that during a bull market, simply buying any altcoin will yield dozens of times the return. Now, if you choose the wrong altcoin, you might miss the opportunity of the entire bull market.
Taking Bitcoin as an example: In the last round, Bitcoin increased by 20 times, and in the current round, it has already increased by 7 times.
If we project based on the previous round's growth, Bitcoin could potentially break $300,000. However, as the market cap continues to grow, the rate of increase for Bitcoin may gradually slow down.
Currently, the market can only hope for the cryptocurrency sphere to follow a slow bull model similar to that of the U.S. stock market. To achieve this, the U.S. stock market needs to maintain stability.
However, currently the valuation of the U.S. stock market is at historical highs, and to keep the stock market stable, the AI bubble needs to continue expanding.
Therefore, the performance in the AI field is crucial.
As an accelerationist, I believe that the pace of AI progress will surpass the rate of bubble expansion, ultimately driving the entire market forward.
BTC: Resistance Range 96824 - 98402, Support Range 90525 - 92442 ETH: Resistance Range 3439 - 3525, Support Range 3181 - 3256
Technical Analysis Highlights:
BTC: In a downward oscillation phase, it is recommended to adopt a high short strategy. ETH: Showing strong performance in the short term, there are bullish opportunities.
Operational Suggestions:
Set reasonable stop-losses and flexibly adjust operational strategies according to market changes.
Everyone should seize the opportunity of the pullback before Christmas!
In the past five years, there is usually a strong rebound after Christmas, and there have been big market trends four times.
If there is a pullback in the next few days, it is a good time to enter the market. If you don’t seize the opportunity at this time, you may really miss the opportunity to make a lot of money!
The currencies to watch include: BTC, ETH, SOL, ZEN, XRP, BGB, RSR, SUI, NEAR, LPT, COW, DOGE.
In the coming month, how to seize the market trend and reverse losses?
Pay attention to market fluctuations and sharp declines: The current market is frequently volatile, especially friends dealing in spot trading need to pay attention to each sharp drop. If Bitcoin experiences a rapid decline, check the hourly chart; if the drop is too fast, it is likely that the market makers are creating panic. At this time, there is no need to panic; you can gradually accumulate positions to avoid entering all at once.
Buy altcoins at low prices: Currently, many altcoins have returned to their previous launch ranges, close to the bottom, with limited further downside potential. At this time, seize the opportunity to buy low, and patiently wait for funds to flow out of Bitcoin. Once the funds shift, altcoins will experience a rebound, and may even double in a single day.
Be patient and build positions gradually: Patience is crucial in the current market. When the market experiences a sharp decline or a spike down, it is a good opportunity to increase positions. Use the “follow the market makers” strategy to gradually build positions in batches, avoiding impulsive entry all at once.
Step in and out gradually, avoid entering all at once: Remember the golden rule of trading: “Buy small on small dips, buy large on large dips, don’t buy on no dips; sell small on small rises, sell large on large rises, don’t sell on no rises.” Stick to not chasing highs or rises, and through gradual operations, transform yourself from “chives” to “sickle.”
As long as you prepare well, stay calm, and patiently wait for the right opportunity, you can go with the flow and achieve the transformation from loss to profit.
APT strong support point: The current price is close to strong support, and the next key support point is about 8 US dollars.
NEIRO entry timing and future trend: It is not recommended to enter NEIRO at present. MEME projects may enter a long period of adjustment and consolidation after experiencing the boom.
DOGE trend: DOGE needs a certain amount of adjustment space, it is recommended to wait patiently.
PEPE trend: PEPE still needs to be repaired for a while, and it is not the right time to enter the market now.
Will there be a big drop on Christmas (Bloody Christmas)? : It has fallen a lot in the short term. If it continues to fall sharply on Christmas, market sentiment will be very negative. However, in the currency circle, everything is possible. If ETH does not fall below $2,800, it is not a big problem. Spot can be seized as an opportunity, but please be careful and pay attention to risks.
Can MEME FI return to 0.085? : It cannot return to 0.085 in the short term, and the future trend needs further observation.
XVG trend: XVG is a typical zombie coin type, which is easy to be manipulated and has drastic price fluctuations. Special attention should be paid to security risks.
Will the dog dealer continue to fall in order to clear the long leverage?
I think that the continued decline of the altcoin is actually more painful for the dog dealer. I remember that there is a word called "blood exchange" when playing League of Legends, which means you hit me once, I hit you once, and see who hurts more.
If you don't dare to "exchange blood", the other party will always suppress you and bully you. Only by "exchanging blood" with each other once and making the other party feel pain, will they dare not force you easily again.
Of course, "blood exchange" is painful, but the key is to make the other party hurt more.
Only when they really feel pain, the other party will willingly retreat and be suppressed by you.
For the dog dealer and the bulls, this "blood exchange" is inevitable.
In this way, those investors who open long orders can feel the pain and no longer open positions easily.
I am also ready to "exchange blood" with the dog dealer-as long as they dare to smash the market, I dare to take over at a low level, betting that there will be a new market reversal in the future.
DOGE started to rebound after breaking through the first support level, and today we need to pay attention to the position of 0.313.
As long as the price stays above this level, the 1-hour level is expected to continue to rebound, with targets and resistance levels to focus on 0.324, 0.335, and around 0.349.
If the 1-hour level falls below 0.313 today, it would mean that the current rebound may have ended, and the market may turn bearish.
The lower support levels to watch are 0.305, 0.296, and 0.288.
The popularity of ORDI triggered a market boom, and then some people began to hype $SATS, and everyone was scrambling for the leader; $GOAT also began to attract attention, the Eastern market advocated $ACT, and the West turned its attention to $FARTCOIN.
With the popularity of $VIRTUAL, more AI projects have emerged.
As a result, retail investors have been exhausted and physically and mentally exhausted in this rising tide.
PVP games have gone from the initial local hype to large-scale development.
If you want to simplify operations, you must focus on the top projects that really have potential, are most forward-looking and strategic.