I think Bitcoin's rise to $97,800 is about to reach its peak. The Federal Reserve will release news this week, and everyone basically believes they won't announce a rate cut; Powell's speech may lean towards being tough. At this price, many bullish people will be unable to resist buying coins, but if the Federal Reserve's news comes out, these people are likely to get liquidated instantly, losing all their money.
The market is currently being supported entirely by contract trading. The support level for Bitcoin is at $93,000; if it falls below this price, it will continue to drop, and the price will be even lower. Everyone needs to keep a close watch and not blindly follow the trend!
ETH has been fluctuating in the $1830-$1800 range for 24 hours, with neither side dominating. The 4-hour level shows a decline in bullish momentum; if the $1800 support fails, the next target may quickly drop to $1730.
In the past two years, Bitcoin prices have climbed from the $20,000 mark to a high of $100,000. On the external front, the Federal Reserve's interest rate hike cycle is turning towards expectations of rate cuts, coupled with the easing of dollar liquidity, which strengthens Bitcoin's 'digital gold' safe-haven properties and attractiveness as a risk asset; internally, it benefits from the successful launch of the spot ETF, attracting funds from Wall Street institutions and retail investors, with supply-demand imbalance jointly driving prices higher.
Why are there so many positive news releases by the end of 2024, but the coin price does not rise?
By the end of 2024, good news is frequently heard in the crypto circle, but the price of Bitcoin just hasn’t risen. To put it bluntly, in the larger environment, prices are rising again, disrupting the U.S. rate cut plans, and the dollar hasn't depreciated, reducing everyone's interest in high-risk investments; internally, when Bitcoin ETF was just launched, many people followed the trend to buy, but later the funds couldn't keep up, and the enthusiasm for chasing prices also faded; the previous positive news no longer feels 'fragrant'.
The Bitcoin market is now at a critical juncture, characterized by the fact that 'nothing can be said'. After Trump took office, the dollar's status became unstable, and global funds got confused. Major players in the crypto circle are repeatedly testing between Bitcoin and small altcoins. The previous strategies of relying on halving and ETF to drive the market no longer work; Bitcoin's asset definition needs to be redefined.
Looking ahead, cryptocurrency opportunities can be divided into two parts: externally, if the U.S. starts 'printing money' for easing, Bitcoin, as 'digital gold', will be used to counter dollar risks; internally, small altcoins in popular fields like DeFi and AI may get hyped.
To summarize: Bitcoin is unlikely to drop significantly in the short term, but it won't surge either; it will probably fluctuate repeatedly. Small altcoins may suddenly emerge, hiding great opportunities.
Once $BTC stops rising or starts to move sideways, funds may begin to flow into altcoins, and we might see a collective rebound in altcoins.
For ordinary people like us, don’t get too excited about chasing high Bitcoin prices at this stage, and definitely don’t go all-in on altcoins.
You can choose some recently popular tracks, like AI, ZK, RWA, to first set small positions as a bottom position, waiting for the right moment.
Strong coins discovered during market sweeping:
Berachain (BERA)
The price trend of BERA is showing positive signals: a small scale has already shown a stop in decline, and the 4-hour line contains V-shaped rebound potential. Although 10 million tokens will be unlocked tomorrow, the market has already digested the negative news in advance — the token price has dropped for several consecutive days and hit a new low, indicating that the heavy selling pressure may have been released. With the technical and news aspects resonating, the possibility of a rebound for BERA may increase, making it suitable for small capital attempts.
HAEDAL
If you want to buy HAEDAL for a profit, you need to wait for the price to drop to the support level. Only when you see a large number of buyers stabilizing the price and starting to rebound, should you buy to minimize losses.
Since this is a new coin, the price fluctuations are particularly large, so don’t rush to act. It’s recommended to open the 5-minute and 15-minute K-line charts and wait for a clear rebound signal before taking action.
Now HAEDAL has stopped declining and rebounded, breaking the previous downward trend. Moreover, the contract open interest and total market value in the market are almost the same, with a high leverage ratio, indicating that many people are betting on its rise; it is possible that there could be a wave of upward trends, so it can be a key focus.
PEPE
As the 'King of Shitcoins', PEPE has made countless spot investors a fortune, and a new round of opportunities is quietly approaching. From the daily trend, PEPE's current trend is highly correlated with BTC, with the 772 level forming short-term support, and 657-570 being the key strong support level.
Conservative investors can start building a position at the 772 level in two layers; if you are optimistic about the Meme coin explosion, PEPE and DOGE are worth prioritizing. Historical experience shows that Meme coins often rise first when the market starts, so it's recommended to seize the opportunity to enter.
