Bitcoin's 4-hour range is shrinking like this, and I feel there may be a technical breakthrough after the weekend. Currently, the amplitude range is 1400 points. For reference on breakout levels, look at 105,800 to 106,000 for a downward breakout, and 108,900 for an upward breakout. Trading volume continues to decrease, and as the range's amplitude shrinks, liquidity continues to compress, leading the market to a critical point: 'Either die in silence or explode in silence.'
There are already quite a few confirmed projects. All projects that have applied for altcoin ETFs can be considered as coin stocks. Additionally, major public chains and DeFi with American backgrounds have a high probability of success. WLFI and projects laid out by Grayscale are also strong resource projects. These are all potential targets for investment.
SOL
In the past few days, I have bought some SOL in batches. On one hand, it has dropped quite a bit from its high position! On the other hand, the current on-chain activity is at a low point. In such times, it's wise to buy the dip, as profits will be substantial when the market heats up! From the daily chart perspective, the likelihood of SOL breaking out is also quite high. I will sell around 200.
XRP
Ripple's five-year lawsuit has finally ended, allowing Ripple to shed its burdens and fully commit to its vision of a 'value internet.' The strategic acquisitions are progressing, XRPL technology is continuously upgrading, and the institutional market's growing interest in XRP indicates that XRP may experience a market surge in the short term.
If XRP's price can effectively break through the current consolidation range upper limit of $2.65, it will open the path for its next phase of growth, with the potential to first challenge $3 and above. Based on the measurement of the breakout flag pattern, it could even reach $14.
AAVE
In this bull market, AAVE breaking new highs is almost indisputable. Whether it's the project's own development or AAVE's current monopoly in the DeFi lending market, breaking new highs is essential. This means if you seek 2-3 times returns, just buy AAVE. The leader will always be the leader, and as long as the market warms up, it remains the strongest asset. As long as AAVE does not crash, the bull market is not over.
LPT
LPT has a unique advantage in the AI+Web3 video sector, and its low circulating market value along with institutional support enhances its potential. It is the cheapest AI project in the fully circulated market. Grayscale and Multicoin are both backing it! I still have high hopes for the first target of 1 billion dollars! LPT is continuously testing the upper resistance level and is not far from breaking out.
PENGU
PENGU, NFT + MEME topics. PENGU previously had a large airdrop, and in terms of layout and background, it is absolutely commendable. The project side has not slacked off and is mainly focusing on technological development. The technical formation looks good, and PENGU has broken through the descending flag pattern. The larger structure is also performing well, and the 12-hour head and shoulders bottom has emerged, indicating a good opportunity.
