Bitcoin's trend today continued to fluctuate in the range. From the weekly line, the downward signal has weakened. The daily trend continued to fluctuate sideways. The 4H trend crossed and converged, which was stronger than yesterday. Comprehensive analysis of the overall trend shows that the probability of continued range fluctuations in the short term is high. The current trend is still relatively weak. In the short term, there is a need for another bottoming out and correction, but the medium and long term is still mainly bullish. At present, ETF management institutions are continuously increasing their holdings every week. This is also a real institutional intervention. In the future, the circulation of Bitcoin will only become less and less. After the production cut in 2024, BTC will become even scarcer, so 2024 will be the outbreak point of a super bull market.
Analysis of mainstream coins:
ETH: Ethereum's intraday trend showed a weakening pattern, the 4H trend was slightly strengthened during the day, and the weekly trend continued to remain upward. Comprehensive overall trend analysis shows that the short-term trend will be mainly volatile, and the medium and long-term trend will continue to be bullish.
BNB: BNB's current daily line has formed a three-consecutive-positive pattern, the 4H is also moving upward, and the weekly line continues to move upward. Comprehensive trend analysis shows that BNB will be in an upward trend in the short term.
SOL: SOL's current daily trend is weak, and it has rebounded and strengthened in the 4H. From the overall trend, it may rise slightly in the short term and then fall again to repair.
DOGE: The current 4H trend of Dogecoin continues to remain upward, and there is still room for further increase. From the analysis of short-term trends, there should be room for further increase.
BSV: SV's current 4H trend continues to rise, and the daily line is weak. From the overall trend, the market will stabilize and there will be a small stretch in the short term, and then it will continue to decline.
AR: AR continues to fluctuate downward on the daily chart, and the 4H chart is also on the rise. The current market is weak.
ARB: ARB's current 4H trend continues to remain upward, the daily line is weak, and the short-term linkage is mainly with Ethereum, and there is still room for further growth.
OP: OP is currently linked mainly to the Ethereum market, and the overall trend is not strong.
At present, the market continues to fluctuate and repair, and there is a need to continue to fall back and repair in the short term. However, there is no need to worry too much. In fact, there is no need to look at the recent trend, because it will continue to rise after the short-term repair. The general trend has already started. Now is the shock repair period in the early stage of the bull market. Now global investment management institutions are constantly increasing their holdings of Bitcoin. In the future, the circulation of Bitcoin will become less and less. Perhaps after the bull market next year, it will enter a long-term slow bull state, and there may be no more bear market.
I recommended DOGE and XRP to you before. DOGE has started to gain momentum now. It is also very profitable if this variety rises. Therefore, for its rising target, we can first look at the previous high, and then refer to the previous high of 0.15 to take profits. The MEME series and the fan series often have an explosion in the last stage of the market. After their frenzy, the market will fall further. Therefore, the current market is still based on conservative participation and spot layout. Don’t use leverage before the New Year. No matter how much you earn or how little you lose, your mentality will be much calmer!
In the 2024 bull market, after the Bitcoin halving, it is expected to enter a bull market era with all parties surging and all sectors competing. So here are several potential sectors and their leading tokens, which are all worth noting:↓
Public chain field: SOL, KAS, INJ, and BLUR open the door to wealth for you.
BRC20 section: ORDI, SATS, the leaders of the future financial ecology.
AI track: AGIX, FET, CTXC, in the era of intelligence, wealth will be with you.
Web3 field: BAT, MASK, GRT, explore the infinite possibilities of the decentralized world.
L2 leading projects: OP, ARB, MATIC, LRC, CELO, METIS, the future of Layer 2 is here.
Blockchain game ecology: FLOW, IMX, WAXP, looking for treasures in the ocean of games.
Metaverse Investment: HIGH, SAND, MANA, immerse yourself in the virtual world and explore new investment opportunities.
NFT track: BULR, OPUL, the unique charm of non-fungible tokens, leading the trend.
Social track: RLY, GAL, CYBER, a new chapter in social media and a gathering place for wealth.
RWA sector: CFG, MPL, TRU, redefining finance, future trends.
New public chain field: APT, SUI, innovators of public chains, leading the future.
POW section: KAS, TAO, DNX, the charm of proof of work is worth your possession.
Bitcoin ecology: STX, RIF, and Bitcoin's surrounding ecology have unlimited potential.
Predictions on the main uptrend time of altcoins and the high point of Bitcoin bull market:
1. Breaking the all-time high in the 7th month after halving
2. The main uptrend will only begin after breaking through the high point of the previous bull market
3. Peaking 10 months after entering the main uptrend
Results: ① This bull market will break through 69,000 USD in December 2024. ② Most altcoins will enter the main rising wave after December 2024. ③ The top of this bull market will occur between May and October 2025.
What are the market hot spots this month?
1. BRC20 Inscription Track
2. New coins in the bull market: meme, jto
3. Bankruptcy recovery coins: lunc, ftt, ustc
4. Star projects: blast, blue avax, soc, gala, reef, trb, sand, ar, aave, dydx, icp, bnx, vgx, comp, trx, waves, ssv, vib, axs, hnt, imx, anc, gal, snm, snx, sushi, mana. These coins will still plummet at present. Please wait patiently. When the bottom is established, I will remind you to buy at the bottom.
Fortunes are sought in danger. After this crash, there are hundreds or even thousands of times of coins everywhere. CFX, DYDX, AVC, BNX, AR, EOS, SHIBC, MIMAB, CKB, USTC, LUN, LUNA, FTT, MASK, ANC, GALA, SNM, SOL, CHZ, APPT, DOGE, HFT, LTC will become rich the fastest. In addition, the secondary market may also be the upsurge of RWA track. OM has rushed to the first place in the increase list. Judging from the weekly trading volume, funds have intervened in OM coins a few weeks in advance! The new leader of the RWA track, Ondo token, has been listed on Bybit, and Binance will also be listed on Ondo spot soon. The contract has been listed for trading. It is not recommended to buy OM coins. Whether the RWA track is sustainable needs to be observed.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
The new year has begun, and we are creating a high-quality circle, which mainly explains various basic industry knowledge of the currency circle, the rotation of hot sectors, the basic methods of identifying tops and bottoms, how to better grasp this bull market, and so on. If you are interested, you can contact me.