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I still have high hopes for the cryptocurrency market in the first quarter
五味子
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$BTC Trump’s cryptocurrency czar Sachs has just stated that one of his top priorities will be to assess the feasibility of strategic Bitcoin reserves. Despite their optimistic stance on cryptocurrencies, the market remains sluggish today. So, what happened? Sachs also clarified that NFTs and altcoins are collectibles, not securities, which is a huge victory for the Web3 space.
At around 8 PM Eastern Time on February 1, the White House released a fact sheet announcing a 10% tariff on products imported from China, citing issues like fentanyl. The Chinese side expressed strong dissatisfaction and firmly opposed this.
This is shocking: by 2025, $9.2 trillion of U.S. debt will mature or need refinancing. The U.S. currently holds $36.2 trillion in government debt, which means that 25.4% of the total debt will mature. This is the real reason for rising interest rates.
The Russia-Ukraine war is the main theme of 2025, while the trade war is merely an appetizer. U.S. Senator Lindsey Graham once said, "We cannot let Ukraine fail because they have rare earth minerals worth $12 trillion." President Trump has also agreed, stating, "Ukraine will use their rare earths and other resources to ensure we provide them with assistance." Russia is suffering from a severe manpower shortage, and Putin has decided to send 96% of war casualties to the front lines, some of whom are still using crutches. Disabled individuals are a burden to Putin; it is better to let them die on the battlefield. The significance of Soviet human mines exists to fight for the czar's autocracy, right?
Recently, with Trump taking office, it can be said that the outlook seems bright, but crises still loom. Various issues that need resolution are piling up together. Tariffs, Ukraine-Russia, national debt pressure, the game of AI. Each of these issues affects the entire U.S. stock market and the broader market. Fortunately, the U.S. national system, built by predecessors, allows him to withstand various problems. Although there have been continuous negative factors recently, there has not been a significant collapse of the U.S. economy. In the later stages, as issues are resolved one by one, I believe we will still welcome the golden period of Trump's second term. By then, technological development, national prosperity, and peace will be achieved. The U.S. stock market will surge. I remain optimistic about the upward movement of the U.S. stock market and the cryptocurrency market. I am still optimistic about the cryptocurrency market in the first quarter, although it is weak now, the overall trend is still upward. $BTC
Multiple signs indicate that the price of Ethereum may reach $5,000 by February 2025.
The first data point is the historical return rate, which suggests that the returns in the years following the halving are supporting a rebound in altcoins.
The daily chart shows the price of Ethereum hovering within a descending wedge setup. This pattern is formed by connecting four lower highs and three lower lows of ETH since December 16, 2024. This technical formation predicts a price target of $4,000 for Ethereum, following a 17% increase. This target is obtained by adding the distance between the wedge's first swing high and swing low to the breakout point of $3,222.
While the descending wedge is bullish, here are the key resistance levels that could threaten the upward trend: $3,653, $3,840, and $4,007. Once the psychological level of $4,000 is cleared, ETH will attempt to re-challenge the price level of $4,877. After breaking through this level, the price of Ethereum will re-test the psychological level of $5,000.
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After TRUMP was issued, the altcoins were completely broken, cutting ETH and altcoins, exchanging for TRUMP, exchanging for wife coins, and then switching to the chain to PVP. At least eight out of ten can P to zero. It is not an exaggeration.
This is the typical way of zeroing in the currency circle.
Many people have played countless times since they entered the circle. The coins in their hands did not rise, while other people's coins rose wildly, and then they cut their meat to chase, and the chips were gone after cutting back and forth a few times.
There are not many assets that can really be held for a long time in the currency circle. It is estimated that only BTC ETH SOL XRP and other big coins dare to hold for 3 to 5 years. No matter how rubbish ETH is, there will still be a glorious day, and there will be a day to pay back. It is a matter of sooner or later.
Blindly switch to MEME, I am afraid I dare not take it for a month. In essence, MEME cannot exchange time for space, and it is not suitable for most ordinary retail investors. TPUMP has greatly lowered the threshold for issuing coins. It is only responsible for the batch production of air assets, but not responsible for guaranteeing the quality of assets.
Therefore, those who are still considering whether to switch to the MEME track should be cautious and control the proportion of their positions. Large positions can only be allocated to assets that you dare to hold for a long time, and first ensure that you are not thrown off the train.
The recent market situation has made many people pessimistic. In fact, our industry is really the best new industry in recent years, with the highest return on investment. Bitcoin is becoming more and more formalized, and there are more and more new opportunities. A lot of funds will develop towards new things. To put it bluntly, as long as you are alive and keep learning, there will be more and more opportunities. Why be so pessimistic.
After this round of bull market, many old leeks don’t know how to speculate in coins. Many of the previous experiences and logics mostly don’t work in this round. But the market is always right, readjust and get on the road again.
Welcome the God of Wealth on the fifth day of the Lunar New Year, and wish us good luck in 2025.
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The market has once again been deceived, continually repeating the story of the wolf coming. The overall market has fallen again, with the trend indicating that Bitcoin support is around 101,000, showing a fluctuating trend. There is still a possibility of further declines during the market recovery process.
Ethereum broke through the key position of 3,400 yesterday, but the breakthrough momentum was limited, and before reaching the resistance around 3,470, it began to correct. It is now fluctuating near the support around 3,230.
If Ethereum cannot stabilize above 3,400, the overall altcoins will likely not see significant gains. Yesterday, we did not chase the rise and chose to observe, continuing to wait for the market to break through the bottleneck before making choices.
During the weekend, there will be a lack of liquidity, and next week there will be significant non-farm payroll data and unemployment rates, which could be a turning point for the market. Be patient and keep moving forward.
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