Currently, Bitcoin is in a previous consolidation zone, gathering a large number of chips, making it extremely difficult to break through easily in the short term unless there is a significant positive news or a sufficient adjustment period. In addition, Bitcoin is approaching the Fibonacci 0.618 resistance level, and with tomorrow being the Token2049 conference in Dubai, caution is needed for the market sentiment of 'always dropping during conferences.'
From a technical perspective, the 120-day moving average (approximately $91,700) is a key support level. If it maintains above this level, the short-term trend remains decent; however, if it breaks below, it could trigger panic selling. In terms of operation strategy, consider taking profits in batches during short-term rises instead of chasing highs. During fluctuations, more focus can be placed on altcoin opportunities. If the 120-day moving average is lost, one should decisively reduce positions to hedge against risks.
Ethereum ($ETH) rebounded from a high of 1826 to around 1742 last night, and has now returned to 1806, but the resistance area of 1810-1830 has not yet been broken. The trend is bullish but weaker than BTC, oscillating in the range of 1720-1850. In terms of operations, focus on buying opportunities in the 1700-1750 range, with 1700 being a key support; if it holds, it can still be seen as bullish.
Hotspot tracking:
1. The style of controlled stocks in Layer and MemeFi projects is obviously being manipulated, with MemeFi projects in the SUI ecosystem skyrocketing several times;
2. The AI sector, such as Virtual, Shell, AIXBT, etc., has seen technical rebounds, but most are short-term trends;
3. The Meme sector is led by coins from 'conspiracy groups' like Troll, House, Neet, etc., with Troll reaching a new high after a deep drop. Attention should be paid to some platforms like Bonk, which have insufficient liquidity, limiting the sustainability of speculation.
Recently, Grayscale has shipped again, and now its Bitcoin holdings are close to falling below 190,000. It used to be a benchmark for bottom buying or selling, but now hardly anyone pays attention to it. Players who have entered the market in the past two years probably don't even know about Grayscale as an asset management institution.
Today's market summary:
$FLOKI and $TOKEN announced support for the launch of the new coin $RICE: Holding $TOKEN allows participation in the presale, and holding $FLOKI allows earning $RICE through interaction. Staking these two tokens will also continuously generate $RICE. Once the news broke, $FLOKI saw a significant rise, while $TOKEN nearly doubled, making it worth watching whether to participate in staking arrangements.
Additionally, Fourmeme has launched a new mechanism where internal trading cannot be sold and can only continuously buy to fill orders, leading to the opening being controlled by bots, making it difficult for retail investors to find a way out. The first project $RUSH has obviously declined, and trading volume is sluggish, so caution is needed moving forward.
On the Binance side, multiple new coin airdrops are stacking up, and the Binance wallet has launched a limit order feature, making operations more convenient. The airdrop threshold for Alpha's $SIGN is not low, with a total of 6,600 issued. It is recommended to develop a habit of daily interactions to participate in future airdrops and IDOs after a rise. Today, new projects will also announce airdrop thresholds, with users scoring above 90 points paying special attention.
There are many opportunities in the market recently!
AI-themed projects have become the biggest winners recently, with projects like VIRTUAL, COOKIE, AIXBT, CGPT, SHELL frequently climbing the charts. The first-tier market's enthusiasm continues to heat up, and 'conspiracy projects' like Fartcoin also make appearances one after another, with the atmosphere of speculation gradually intensifying.
Many people still hold a skeptical attitude towards the market, reacting slowly, while investors who early on heavily invested in AI have already seen significant returns. I myself initially held a small position, but later, with a full investment, I have gained nearly 50% returns. The key to benefiting from this wave of AI market is sensitivity to the market; only by continuously tracking hotspots can one avoid being left behind by the market.
Regarding the inscription pizza
In the community, I shared the layout logic regarding Pizza coin: The crypto circle has never really speculated on the 'Pizza Festival' hotspot, and this year, the Golden Dog market is likely to emerge from the memes on inscriptions or Solana.
Considering that last year's inscription Pizza did not explode due to timing issues, and Solana is currently the hottest public chain, with more opportunities in the Golden Dog, I chose the Solana version of Pizza, which already has popularity abroad and a certain community foundation.
At that time, I made a low buy with a cost of about 50K, and I didn't publicly announce it, firstly because the market value was extremely low and liquidity was poor; secondly, I was afraid someone would heavily invest (previously, someone directly swept nearly 3% of the chips, which would disrupt the trend), and I believe that holding within 1% is a rational layout.
In the end, Pizza coin exploded in advance, and it has now risen to 400K, achieving an 8-fold return.
The logic is correct, and the execution is in place, recording another small victory.