As the liquidity crunch at the end of the year gradually eases, market liquidity is showing signs of improvement. In this context, Bitcoin's price has stabilized overall, with a slight increase, rising from $94,000 to around $97,000.
However, it is worth noting that on the Binance spot market, since 2 a.m. on December 31, a massive sell order of up to 1,600 BTC has been hanging at the $100,000 mark. This indicates that if the sell order is not withdrawn in time, Bitcoin would require extremely strong positive news to significantly increase trading volume to break through the $100,000 barrier. Therefore, achieving this breakthrough may face certain challenges in the near term. Of course, we will closely monitor market dynamics and share the latest information promptly if there are changes to key sell orders.
The daily trend of Bitcoin has been plotted, and the most important thing is to take time to complete the consolidation. It is unlikely to directly reverse without forming a bottom, expected to finish consolidation by late January; the consolidation range is within 92,000-97,000, but there is a chance for a downward spike, so please seize it.
On the four-hour level, Ethereum has repeatedly pierced the price. An upward surge is expected to start in the afternoon or evening, with the first focal point at around 3600 points, and the key position to watch at around 3800 points. This node position has been emphasized repeatedly, with support levels mainly around the 3380-3420 range for intraday support. For altcoins, the focus remains on the AI and gaming sectors.
Recently, altcoins in the secondary market have performed relatively flat, primarily because on-chain AI projects have attracted significant capital attention and inflow, leading to a diversion of funds from the secondary altcoin market. This phenomenon is expected to last until February, indicating that current market funds are actively seeking new investment hotspots.
In the on-chain AI field, projects like Jin Dog AI have garnered widespread attention and enthusiastic participation from the market. Particularly, AI framework projects like swarms are very popular, triggering strong FOMO (fear of missing out) sentiment. For instance, after swarms launched on moonshot, its 100 million FDV (fully diluted market cap) doubled immediately, driving up the prices of other related projects, including ALCH.
However, when Binance announced the launch of perpetual contracts for ai16z, zerebro, griffain, etc., the market experienced an immediate drop. This reflects the market's concerns about the potential selling pressure that may arise from these leading projects being listed on exchanges. Some market participants believe that due to heavy holdings of leading projects like ai16z and virtual, once they are listed on Binance, it could trigger large-scale selling.
As for why Binance has not immediately launched spot trading for these projects, some analysts believe it may relate to market strategy. To avoid causing too much impact on the spot market, Binance may choose to first launch hot tech projects with a 1-200 million FDV, such as swarms and alch, to test market reactions and diversify risks.
In summary, current on-chain AI projects are becoming a hot topic in the market, attracting a significant influx of capital. Meanwhile, altcoins in the secondary market are underperforming due to capital diversion. The future market trend will depend on the allocation of funds between on-chain AI projects and secondary altcoins.
The on-chain AI trend will continue, at least through January, and then a significant correction is expected around February, so everyone should be cautious of risks and avoid making rash decisions. The vast majority of AI projects may go to zero, so do not hold onto beliefs. AI leaders can be held longer, but don't fantasize too much about others. It is advisable to earn from AI projects and gradually return to the secondary market to buy value coins, as this is currently the most correct strategy.
At this point, fans may ask: which value coins to layout?
With Trump about to take office, the U.S. cryptocurrency market may see a wave of long opportunities in the next two weeks. Here are some tokens worth paying attention to in different sectors:
In the employment sector, tokens like RSR, ZRX, DYDX, HNS are worth paying attention to;
The Trump sector includes AAVE, ONDO, LINK, etc.;
In the grayscale sector, tokens like LTC, BCH, ZEN may be favored;
In the payment sector, tokens such as XRP, XLM, ADA, and AGLD are closely related to the payment field;
The Musk sector gathers tokens like DOGE, PNUT, which are more influenced by Musk.
However, it should be noted that Bitcoin may be in a volatile market recently, which could be distressing for investors. Since a bull market does not happen overnight, investors should avoid being shaken out of the market by short-term fluctuations. If one is adept at using leverage, they can appropriately increase their positions during a rebound with higher certainty. But regardless, the most important thing is to maintain patience and avoid frequent trading and blind operations to prevent gradually depleting one's capital in trading. Remember, the real market may just be beginning, and holding coins in anticipation of a rise is the wise choice.