$BTC $ETH $Especially during the New Year period, the pullback is a once-in-a-lifetime opportunity, and it is a good time to increase your holdings. Don't be scared by the fluctuations in front of you; if you lose your courage, you're completely done for! 2. Don't frequently change positions; switching positions means you will miss out, especially when the coins you hold haven't exploded yet. Just hold on patiently! 3. Don't put all your money on one asset; you need to diversify your investments! 4. Lock in a portion of your profits in a timely manner and let the rest continue to grow. After a sharp decline, increase your holdings and seize the opportunity at lower prices! #DOGE #doge⚡
Last week, the price of Bitcoin fell from its historical high of $108,314.7, and market sentiment quickly turned cautious. This week, a typical range consolidation pattern has emerged, with overall volatility converging.
At this moment, the resistance level is around $99,000, where strong selling pressure is evident, and bulls have made multiple attempts to break through without success. The support level is at $92,600, where bulls have shown strong resilience, indicating limited downside potential in the short term.
If the price successfully breaks through the resistance level and stabilizes, market confidence will be boosted, potentially triggering a strong upward surge. Conversely, if it falls below the support level, bearish forces will further exert pressure, driving the price down to lower ranges.
The current market is in a delicate phase of wait-and-see and tug-of-war, and investors need to closely monitor the direction of the breakout. $BTC #本周微策略是否继续增持BTC? #BTC上攻11万?
There are many uncertainties in the future trend of Bitcoin prices. The following is an analysis of different time dimensions:
Short-term trend
- Market sentiment impact: The recent sharp fluctuations in Bitcoin prices, such as the decline from historical highs, have made investors cautious and the market has a strong wait-and-see atmosphere. In the short term, it may continue to fluctuate and consolidate within the range. The game between the power of buyers and sellers will intensify price fluctuations.
- Technical adjustment needs: After Bitcoin has experienced rapid rises and falls, some technical indicators show overbought or oversold signals. It takes a certain amount of time to repair and adjust the technical aspects. It may fluctuate repeatedly between the current resistance and support levels.
Medium-term trend
- Halving cycle impact: Bitcoin completed its fourth halving in April 2024. According to historical trends, the supply of Bitcoin will decrease after halving. If the demand remains unchanged or increases, the price will usually rise. Dan Morehead, CEO of Pantera Capital, predicts that the price of Bitcoin will reach the peak of this cycle in August 2025. - Policy and regulatory risks: The regulatory policies of various countries on digital currencies are constantly changing. If some countries strengthen supervision and restrict Bitcoin transactions or related businesses, it may lead to a decline in market liquidity and suppress prices; on the contrary, if the policy environment is relatively loose, it may attract more capital inflows and drive prices up.
Long-term trend
- Macroeconomic factors: Macroeconomic factors such as global economic uncertainty, changes in monetary policy, and inflation have a profound impact on Bitcoin prices. In times of economic instability, Bitcoin, as a potential safe-haven asset, may attract more investors' attention and capital inflows. - Market maturity and acceptance: As the cryptocurrency market matures, Bitcoin's market acceptance may further increase. More institutional investors and traditional financial institutions participating in it may provide long-term support for Bitcoin's price. However, this may also lead to intensified market competition, and the development of other cryptocurrencies may have a certain impact on Bitcoin's market share and price. $BTC #BTC上攻11万?
The price of ETH has increased by 3.31% in the past 24 hours, currently priced at $3,488, with a highest price of $3,538 and a lowest price of $3,357.50 in the last 24 hours. ETH continues to be in an upward trend, with prices approaching the key resistance level of $3,540. If it breaks through this level and steadily stays above $3,540, it may end the current corrective trend. The support level in the short term is around $3,451, and a drop below this support level could lead to further adjustments. Overall market sentiment is relatively positive, and investors need to pay attention to whether the price can break into higher regions. #ETH🔥🔥🔥🔥🔥🔥
During market downturns, altcoins are usually more affected than Bitcoin.
From the perspective of capital flow, when the market declines, Bitcoin, due to its core position in the cryptocurrency space, higher recognition, and relatively broader application scenarios, becomes a safe haven for some funds during market panic. Institutions and market makers will pull funds from altcoins to Bitcoin when market sentiment changes, resulting in significant selling pressure on altcoins.
From the perspective of value support, Bitcoin has a first-mover advantage and a relatively stronger technological and community foundation as its value support. Many altcoins are imitations or improvements based on the Bitcoin model, and their value support systems are relatively weak. When the market declines, altcoin prices are more likely to collapse.
From the perspective of market confidence, investors typically have more confidence in Bitcoin than in altcoins. Once negative factors such as policy tightening or changes in the macroeconomic environment occur, altcoin investors tend to lose confidence more quickly, leading to a large-scale sell-off of altcoins and causing their prices to drop significantly.
Recently, the Bitcoin and altcoin markets have experienced significant declines. What factors are at play behind this? Let's investigate. 1. Google quantum computing makes new progress: Google's quantum chip Willow has achieved breakthroughs in computing power. Once quantum computing is applied to Bitcoin mining, the decentralized foundation of Bitcoin will be shaken, miners will face more intense competition, and the market will be increasingly worried about Bitcoin's prospects. 2. Microsoft abandons Bitcoin investment: Microsoft's board rejected a proposal to invest 1% of its assets in Bitcoin. This move has made the market more cautious about large enterprises entering cryptocurrency investments, and investor confidence has been significantly impacted.
On December 19, the renowned business magazine 'Fortune' published an article stating that the metaverse game developer Gamefam officially released its annual report on 'The Status of Roblox and Fortnite Brands.' The report makes an extremely optimistic forecast for the future development of the global metaverse game market: by 2030, the global metaverse game market size is expected to soar to $168.4 billion, while the number of users is projected to grow significantly to as many as 900 million. This series of data undoubtedly highlights the strong growth momentum and broad development prospects inherent in this industry.
The report also focuses on the significant changes in the usage habits of the younger generation on entertainment platforms. Data shows that Generation Z and Generation Alpha spend 39% more time on the metaverse gaming platforms Roblox and Fortnite compared to their usage time on popular short video platforms like TikTok and YouTube. This striking trend has successfully attracted the attention of many internationally renowned brands, such as Disney, Mattel, and FIFA, which are actively seeking deep cooperation with Gamefam in hopes of accurately reaching young consumer groups and expanding their brand influence among young audiences.
Ferencz, a relevant person in charge at Gamefam, further stated that in the past period, the concept of 'metaverse' has indeed been impacted to some extent due to the rise and fall of the NFT craze. However, unlike NFTs, which are purely digital collectibles, the game entertainment industry possesses an inherent and lasting stable value. The reason lies in the fact that 'people's pursuit of entertainment and desire for happiness are eternal, and game entertainment happens to meet this basic human need precisely.'
The price of Bitcoin continues to rise, with significant speculation. In this situation, it is still advisable to prioritize stability. You can open a small position to go long. Additionally, consider USDT wealth management; allocating some funds to USDT wealth management projects can be a sound strategy.
As Christmas approaches, the market typically enters a period of adjustment. The number of registrations for WLD has recently shown rapid growth; however, geographically, the main growth seems to stem from Brazil, while growth in Asia is relatively slow. It is worth noting that WLD faces compliance issues in the U.S. market, which may pose certain obstacles to its long-term development. There are opinions suggesting that WLD is involved in a pyramid scheme, which must be approached with caution. Currently, the price of WLD has dropped to around 2.7, which is considered quite attractive, and one could open a small position to go long and make a bit of profit.~#市场全线看牛?
Yesterday, the movement of Bitcoin resembled a magnificent ocean, fluctuating unpredictably, with dramatic rises and falls. After such ups and downs, it is very likely that there will be a tendency toward a kind of oscillating recovery within the day. Its operating range is likely to be constrained between 100300 and 101300. In the hourly trend, after continuous oscillation and wandering, it is beginning to slowly break away from the narrow oscillation range. The technical pattern is also gradually improving, and the K-line is slowly climbing above the short-term moving averages. From this perspective, the short-term trend still seems to have some room for continuation and rebound. #BTC☀ #BTC重返10万 #BTC走势预测