The new week began with BTC breaking its historical high this morning. With each new high, there are always concerns about a pullback. This concern is more psychological, as it is still FOMO time in Asia. The real points of concern will be after the U.S. stock market opens in the evening. Currently, the positive news of MSTR being included in the Nasdaq 100 and institutional funds continuing to accumulate undoubtedly injects more confidence into the market, setting the stage for BTC to continue its rise!
Hope tonight is a significant performance for ETF buying; that is, don't crash BTC. The sentiment remains good. The most important event this week is the Federal Reserve's meeting on the 19th. Based on current market predictions, there is over a 95% chance of a 25 basis point rate cut, which would be favorable for the market. The market is likely to take this opportunity for a rally. Strong altcoins should be re-examined. Without new strong stimuli, the market tends to rotate its speculations. After AI, strong altcoins like Pepe, Sol, Punt, Doge, etc., might be revisited. The meeting will primarily revolve around Powell's speech, which could trigger new market sentiment. Japan is unlikely to raise interest rates this month, so attention should be paid to your spot costs as Christmas is just around the corner! Christmas is a risk because the U.S. stock market will be closed, and BTC, without market makers, could be unpredictable. If BTC drops, altcoins might face difficulties. Hence, the constant reminder of position control and holding short-term positions is essential. To maximize benefits, consider starting to reduce positions around Christmas, on the 20th.
Christmas will not affect the overall trend. After New Year’s Day, with Trump officially assuming office and the new SEC chairman, a new rise is certain to continue. Without negative data and news, there won’t be any issues! In summary, you can currently ignore the Christmas market trends for your long positions, such as AAVE recommended at the 160 position, DASH at 35, COMP at 71, and FET at 1.3. Having these low-cost positions allows you to disregard this wave of influence. Additionally, if you have USDT or have reduced positions from trading, wait for the trading opportunities around Christmas.
About to soar: Bottom-fish these 3 popular altcoins for a 100-fold bull market lift-off!
AVA
AVA is a value investment. Travala is a top platform operating globally, with business spread across 230 countries. As the platform token of Travala, AVA has very broad application scenarios. Benefiting from the platform's global reach, it is no exaggeration to say that AVA is the first token in blockchain history to be widely used globally, which holds great significance in the blockchain field. With the recovery of the global tourism industry, the tourism economy accounts for about 10% of the global economy, and this proportion is expected to increase.
The tourism industry has also become an important support for global economic growth. This is a massive market cake. Benefiting from the explosion of the global cryptocurrency market, Travala's business will also experience explosive growth. With these dual benefits, one can predict that AVA will perform well in this bull market!
ONDO
ONDO is a star project in the RWA track belonging to the United States. The leading ONDO continues to be strong as always. In a bull market, we don't look at market cap; we look at the leaders and position. In front of capital, everything else must take a back seat.
Altcoins not only have bull markets but can even lead the market.
Trump's focus has shifted to the DeFi sector, and the DeFi market is starting to stir! Just like ONDO, which is quite good!
AAVE
Recently, in the DeFi sector, the momentum of the AAVE token is undoubtedly the most significant. It has been on an upward trend for five consecutive weeks, reaching a recent high. During this strong upward movement, trading volume has also increased, indicating that a large amount of capital is continuously flowing into the AAVE market.
By observing technical indicators, we find that the MACD indicator is currently in a golden cross above zero and showing a continuous upward trend. This state not only indicates that AAVE has further upward space in subsequent trading but also suggests that it may break through the previous 400-point barrier and refresh its historical high.
This is undoubtedly a signal worth paying attention to. Especially when the price falls back to the range of 370 to 365, this could be a very good entry opportunity. Within this price range, one can cautiously consider making a move, anticipating further increases in the AAVE token.
DOGE
This morning, Trump's address saw a significant amount of buying. The market welcomed a small spring, with BTC breaking through new highs again. As a member of the first tier, the #meme sector is definitely on the radar.
Currently, both Dogecoin and Pepe have risen above their support levels, showing signs of halting the decline in the short term. It may be time to small position and set up a long position while leaving space for additional purchases.
The signs of Dogecoin's rebound are the most obvious. However, Elon Musk seems to be preoccupied and there's a bit of gambling involved. Everyone might consider recommending to set a position around Pepe at 0.000023 and Doge at 0.35.
