Bitcoin double top correction, will it drop to 93,000? BGB and GT surge! Will BIO see 1 USD? Are altcoins really on the rise?

During the Christmas period, there isn’t much news to pay attention to, and now everyone is starting to watch the South Korean barometer again. I remember there was a wave of Korean influence back in March this year, when it was TRB, and now it's UXLINK. The UXLINK/KRW trading pair ranks first in the Korean trading market with a trading volume share of 29.07%. The other top 5 cryptocurrencies are: MOCA, AGLD, MOVE, and xRP. This barometer may have some speculative directional influence in the near future, but everyone knows that the Korean market is more about short-term trades, lacking long-term strength, just quick in and out.

On Bitget, the price for the trading BO has reached 1 USD. If this is the expectation for the launch, the valuation of the circulating market cap is very reasonable. Yesterday, the DESCI project announced an airdrop of BIO to holders, indicating its popularity. The DESCI track is still in its early stages, and there should be a lot of growth potential in the future, so it is essential to keep a close eye on it.

Market interpretation

Today, the US stock market is about to open. Let's see the movements of Americans after Christmas, whether they are still celebrating or preparing to cash out. If the current trend continues, then 100,000 may not be the peak, and my expectation for the future should still focus on correction, while this peak seems to have formed. If today the US stock market continues to rise after opening, the resistance level will be at 105,000.

• Altcoin aspect:

I want to highlight the two platform coins, BGB and GT, which have been quite unreasonable lately, especially BGB. Bitget has indeed emerged as a new leading platform, developing rapidly with a wide variety of products. Although the number of users and liquidity are still somewhat lacking, the trading volume has indeed surpassed OKCoin. Locking up BGB provides many benefits, and although it still lags behind BNB, it's cheap and easy to obtain, so the logic behind this surge is quite clear. However, I wonder if there are any old investors around; when platform coins pump, it often indicates the end of a market trend. Looking back at this year, BNB had several independent pumps on key dates: 3.13, 6.04, 12.04. Just look at how Bitcoin performed in the days following these dates.