Yesterday, 1MBABYDOGE surged dramatically, reaching a high of 0.00669, just a step away from breaking 0.0067. However, the bullish momentum then exhausted, leading to a short-term peak.
Currently, the bears are prepared, and market sentiment has turned cautious.
Pay close attention to the resistance level of 0.0067. When the price rebounds but fails to break through this level, it is advisable to short with a small position while strictly setting stop-losses to leave yourself some operational space, with the target being to lock in the next support level.
1. About Market Reversal From the liquidation distribution chart, it can be seen that many people want to bottom hunt, so the market is unlikely to immediately see a V-shaped reversal. The main forces often try to "clean out" these bottom-hunting funds until they no longer dare to enter the market easily.
2. Past and Current Bottom Hunting Strategies The last time the price dropped to 90500, the bulls were completely wiped out, and the market quickly rebounded. This time the upward movement is slower, so it is necessary to slowly bottom hunt, following the strategy of "buy small on small dips, don’t buy if it doesn’t dip, buy big on big dips." Bottom hunting during a crash is relatively more reliable and much better than chasing highs. As long as one is convinced that the overall trend is upward, it is best to patiently wait for the correction to end.
3. Views on Leverage Trading High-leverage trading is essentially no different from gambling. It is advisable to place buy orders on the left side for bottom hunting and patiently wait for market fluctuations. After all, one should not be impatient; acting too hastily often fails to achieve the expected results.
its pullback has basically been established, and there has been a case of bottom divergence rising.
It belongs to the popular coins recently, but its trend is somewhat unpredictable.
The current price is around 0.475, and for friends who want to enter the market, they can consider a light position. The stop-loss is set at 0.444, while the target is looking towards 0.542 #BTC投资案未获微软股东同意 #币安ME开盘 #加密市场回调
The overall performance of the ACX project is quite good, and its current market value is not high. If its price can drop a bit more in the future, consider acquiring some.
Because it has a certain correlation with Ethereum, once Ethereum's market heats up, ACX is likely to rise along with it.
Moreover, compared to those hyped second-layer concept coins, ACX has a better cost-performance ratio. If its price could drop to 0.3, that would be perfect, making it a more cost-effective purchase at that time.
TEH is also good; its valuation is within a relatively reasonable range.
If the price experiences a certain degree of decline in the future, it could be a good opportunity to acquire some. It is a project launched by BN and has the potential to compete with Solana. While making big profits is not guaranteed, earning some small profits should not be a problem.
Korean Upbit opens $ME trading at 9:30, with high enthusiasm from Korean investors; do not hastily sell at low prices before market opening. The price of $ME on Coinbase is about 6% higher than on Binance; Binance may exert downward pressure, so watch for rebound opportunities.
The ME airdrop claiming rate is 69%, with the maximum single claim of 160,000 tokens; in the Chinese region, there are many fake screenshots of 540,000 tokens, and investors need to be cautious.
Magic Eden has become popular in the English community on SOL and BTC chains and on Twitter, receiving attention and recommendations from KOLs, which may drive up the price of $ME.
The world's largest on-chain exchange ME has a market value of 6 billion, while the MOVE VE testnet with no users has a market value of 10 billion; overall valuation should be assessed.
SOL: On January 25, four institutions will review the Solana ETF applications. Its ecosystem has developed well with the meme trend, with projects like wif and bome showing potential, making it a top choice for long-term altcoins (reference price around 200 - 205, place orders in batches, control position). If the ETF is successfully launched, it is expected to rise to 500.
DOGE: The trend is not over. Musk officially took up the position of DOGE Minister this month. Although its market cap is substantial, there is still room for it to double (place orders around 0.4 and 0.36 to lower the average price, control position, operate in waves, reduce holdings by 50%, and hold for potential new highs).
PEPE: Established last year, the base position has been reduced. It is recommended for those who haven't entered or were shaken out before to place orders around 2 - 118. You can take a 50% wave, and after exiting, use the principal for long-term investment, aiming for a 5x return.
Analysis of the current trend of Bitcoin and Ethereum
Bitcoin has met the mid-term U-turn conditions, and it is necessary to pay attention to whether the retracement market will turn into a reversal.
If Bitcoin reverses, it will be difficult for other varieties to reach new highs;
If it is just a correction, other varieties may still have the opportunity to hit new highs.
The market has fallen sharply twice recently, and it is necessary to bring good protection for rebounding.
Yesterday's market first fell slowly and then fell sharply, which was different from the morning of the 6th. At present, the daily line has entered the adjustment stage. This time, the aunt is not in the rising channel, so the probability of a new high in a short time by shock rebound is small. After yesterday's decline, it is expected to rebound during the day today. The rebound pressure is in the 3870 range. The adjustment after the rebound may continue. The market fluctuates greatly, so be sure to bring good protection.
Have you ever experienced the three major "self-sabotaging" operations in a bull market?
A bull market is supposed to be a golden period for value appreciation, yet many lose money during such times due to the difficulty of resisting emotional triggers.
First, frequent portfolio switching leads to a cycle of chasing highs and cutting losses. Cryptocurrency prices are highly volatile and do not rise and fall synchronously; seeing prices soar prompts a switch that often results in immediate drops, with the original asset rebounding. This constant back-and-forth can negate the gains of the original asset, and the trading costs and price spreads can erode the principal. Do not attempt to catch every asset's price increase; simply holding onto assets until they rise is sufficient.
Second, short-term speculation results in losing big for small gains. Fantasizing about selling high and buying low, one might miss out on multiple or even tens of times the increase due to a 30% profit, and those who believe they can accurately grasp buy and sell points often find themselves buying back at high prices after selling, wasting opportunities for wealth appreciation.
Third, leveraged contracts are like gambling on the edge of a knife. Do not engage in short contracts with leverage due to a bearish outlook on a project; the cryptocurrency market is unpredictable, and seemingly worthless projects can be boosted by mysterious forces, while promising projects can plummet. The “Heaven and Earth Needle” market is a lesson in this regard.
A bull market is a test of human nature and investment wisdom; avoiding pitfalls is essential for stable appreciation.
Don't touch non-hot projects; they are labor-intensive and yield little reward. Choose the hottest tracks and targets with high ceilings. Although one person can go fast, many people can go further.
AI Agents have new projects every day, with many teams ready to make an impact; both Web2 and Web3 have many participants, which have become super hot tracks.
The heat of Web2 and the spillover effects of Web3 are similar to the metaverse of 2021, and in terms of specific applications, they resemble DeFi from 2020.
This is a golden track; by 2025, those who understand it best will certainly make the most money and seize the most opportunities.
PEPE breaks $10 billion market value for the first time! Yesterday, Frogcoin (PEPE) topped the list of gains again and hit a new high. Now retail investors are showing explosive growth in their enthusiasm and attention to it, because PEPE is said to have a 1,000-fold return.
After Robinhood went public, PEPE's Subreddit activity is far ahead in this round of meme coin craze, and the number of members has increased dramatically, thanks to the hot topic of "PEPE to $1". If it reaches $1, the return will reach 46,000 times.
Polkadot (DOT) has plummeted nearly 10% in the past 24 hours, making it one of the largest decliners among the top 20 cryptocurrencies by market capitalization.
At the same time, trading volume surged significantly by 15% during the decline, and bearish sentiment quickly intensified.
Santiment data indicates a sharp decline in DOT's social dominance, with market discussions and investor sentiment being extremely low.
Hyblock Capital data shows that the selling volume of DOT has risen multiple times in the past 24 hours, reflecting a lack of short-term confidence in the market.
Coinglass observed that DOT's funding rate has continued to decline, with bearish sentiment prevailing, increasing downward pressure. The RSI indicator has significantly decreased, selling pressure has increased, and the lower Bollinger Band support level has become the last psychological defense.
Short-term support If DOT can stop falling near the Bollinger Band 20-day moving average support level, there might be a chance for a rebound. Artemis data shows that DOT's daily active addresses and on-chain transaction volume continue to shrink, and the decline in blockchain activity may hinder a rebound in the long run.
The threshold of 4000 has still not been passed, facing resistance at the previous high position.
The position at 3520 has been supported twice without breaking down,
If it continues to consolidate in the afternoon without breaking down, it will rebound upwards again,
The exchange rate of ETH to BTC has started to decline again,
If you ask me where I can mindlessly accumulate spot positions, I think around 3200-2900 is a good range; once it reaches that, I can buy spot in large quantities.
It still has room. If it does not break 0.0016, there is no need to worry in the short term. If it breaks, wait until the bottom range is reached before intervening.
Looking up, the first target is expected to reach a 2-3 times increase, corresponding to a market value of 1 billion.
It is a potential stock in the Meme track, but you need to control your position and enter the market in batches, but don't blindly hold a large position.
Recently, the FOMO sentiment in the market has surged, and after frequent dips in the market, a V-shaped reversal occurred.
Newly entering investors have strong FOMO psychology, which increases the likelihood of the whales harvesting retail investors. The clearing amount of contracts yesterday exceeded 1.7 billion, setting a new record.
SOL has repeatedly attempted to break through the $240 resistance level but has failed to hold.
From the current market situation, it is not suitable for long-term investment; instead, a quick in-and-out strategy is more appropriate to seize opportunities in one-hour pullback rebounds for trading.
In terms of spot trading, it has retraced about 40 points from $264; initial positions can be considered in the $200 - $205 range. Further additions can be made in batches at $185 - $180 and $165 - $155 to gradually lower costs.
Looking ahead, a potential positive factor is that Trump may come to power.
However, December has many negative factors, including institutional settlements and dividends during the Christmas period, the release of CPI data, and information related to interest rate cuts in December.
Historically, the cryptocurrency market performance in December has usually been poor.
Therefore, those in the spot market need to remain patient, endure solitude, and strictly follow their trading logic. One must not be swayed by FOMO sentiment to avoid blindly following trends and suffering losses...
CZ has new actions again? Binance's previous IEO project HOOK announced today on its official Twitter that it will soon launch an AI agent. HOOK is already a token related to the education sector that CZ is involved in. Now that education and artificial intelligence are merging, what kind of wonderful sparks will emerge? I will add it to my watchlist and wait for a market correction or new developments on the AI agent.
There is still more than a month until the New Year. Last week's market saw a "Heaven and Earth Needle,"
which rose directly to the 104600 position in the morning, and then fell to 90200. Some are happy, while others are worried.
Middle East Situation: Assad has resigned as President of Syria, due to the involvement of Russia and the United States behind the scenes. The geopolitical situation in the Middle East may escalate further. Whether Syria will become the second battlefield after Ukraine is worth contemplating.
Russia-Ukraine Issue: Trump calls for Russia and Ukraine to return to the negotiation table, which remains to be observed further.
Federal Reserve Interest Rate Cuts: There are many speculations about whether the Federal Reserve will continue to cut interest rates this month.
Suggestions Currently, the market for Bitcoin is in a stalemate, and it's necessary to find suitable entry opportunities at low levels. Focus on the lower level at 98500 (daily low) and the upper level at the daily high. The market has shown a fluctuating trend in the past two days and will not move in one direction. It is advisable to operate within this range.
Since Trump was elected as the US President, US ETFs investing in Bitcoin have attracted nearly $10 billion in inflows, and 12 related funds have accumulated a net inflow of about $9.9 billion, with total assets increasing to about $113 billion.
Market value of the Solana chain Meme coin MUSKIT On December 9, the market value of the Solana chain Meme coin MUSKIT exceeded $50 million, and is now reported at $52 million, with a 24-hour trading volume of $1.3 million and a 24-hour increase of 15.17%.
Analysts' expectations for Bitcoin prices Gautam Chhugani, an analyst at Bernstein, expects Bitcoin to reach a cyclical high of $200,000 by the end of 2025; Geoff Kendrick, head of global digital asset research at Standard Chartered Bank, believes that the $200,000 price target for Bitcoin by the end of 2025 is achievable under the Trump administration's regulatory reforms; Mark Palmer, senior research analyst at Benchmark, expects Bitcoin prices to reach $225,000 by the end of 2026. #粉丝代币板块普涨 #Meme齐涨 #山寨季将持续多久?