Recently, the market has been a bit grinding but the information flow is not small! BTC is about to rush to the 90,000 mark again, and there are two key economic data points to be released this week. Plus, with Christmas approaching in the US, will the yearly 'New Year market' come? Also, the operating rhythm of various currencies and the pitfalls of BSC tokens will all be clarified for you!
BTC: Approaching the 90,000 mark, keep an eye on two economic data points
BTC is now approaching the 90,000 mark again, and there are two key economic data points to focus on this week:
One is the US unemployment claims data,
Another is the GDP data for the third quarter.
Among them, unemployment data is more important; if it exceeds expectations, BTC will likely rise.
Also, regarding the market, BTC has been hovering around 80,000 for almost a month, and Christmas is approaching in the US. Every year during Christmas and our New Year, there is often a 'New Year market'. I think there will likely be one this year as well; just be patient and wait for the rebound.
ETH: Surpassing 3000! Operation suggestions can be found here.
After two days of consolidation, ETH has finally stabilized at the 3000 mark, which is not easy!
Brothers holding long positions can now set a breakeven stop-loss or take profits partially for safety. The next targets are clear, just focus on the levels of 3144 and 3269.
Today, US stocks are likely to first adjust downwards before continuing to rise. If you don’t have long positions, don’t rush to chase; wait for a pullback to the 2980-2950 range before entering, it’s safer.
AAVE: Whales are dumping, causing a 10% plunge, be wary of the emission impact.
A reminder for those holding AAVE: whales are moving again! According to OnchainLens, an unidentified whale wallet has directly dumped $38 million worth of AAVE, stETH, and WBTC.
This wave of selling directly dropped the AAVE price from $176 to $158, a plunge of 10%. Additionally, whales are expected to release 10% of AAVE, so pay attention to future trends.
Several popular small coins: ICNT 5 times profit, LIGHT harvest warning.
First, let's talk about $ICNT. The strategy I gave you the day before yesterday has yielded a direct 5 times return today! However, this coin is really exhausting; if I hadn't dared to gamble a bit and hold on, I would have run away long ago. I sincerely do not recommend you play this way, the risks are too high.
Looking at $FIREBALL, the leader has reached a market cap of 8 million; other imitation projects should easily break through the 1 million market cap. The buyback news has only been hyped for two days, and as the market cools down, the real opportunities are surfacing.
I want to emphasize $LIGHT! I shorted it long ago, and now it has directly crashed down like a guillotine, clearly a harvesting scheme! It's similar to the previous AIA playbook: spike up, then dump. It crashed back to the starting point in almost an hour and broke through in two hours. The worst part is that the dumping happened around 4 AM in China, who can escape that? This time it directly left all the bulls behind.
Avoid the BSC meme coins! Don't be a bag holder anymore.
Finally, I want to emphasize again: don't ask what BSC meme coins are still worth playing anymore! Either take a break and don't touch them, or stock up on a few old community coins for some swings.
Currently, although new projects can launch dozens every day, they are basically all 'premature', topping out at a market cap of just over 100,000, which is a common phenomenon. In this kind of market, trying to find gold in a pile of garbage is almost impossible, especially since the second-tier projects have also gone on hiatus.
To put it bluntly, in a market where even the leading coins are hard to profit from, why do you think you can make money?
If you insist on playing, keep an eye on a few old community coins, such as #BeeDog, #Hakimi, #VulgarPenguin, #SuccessOnHorse, and buy on dips. Although the rises are slow and the returns are smaller, at least it can help you survive until the next round of market.
Just like I said when I bottomed out $UDOG with over 700,000 yesterday, this coin will consolidate for a while in the short term. Even if it rises, it won't be significant. When entering, you must be prepared to hold long-term, don't think about getting rich quick.
To summarize: On-chain trading still has opportunities to make money, but the secondary market has too many traps and is becoming increasingly difficult to navigate. In the current market, don't be greedy, focus on targets you understand, and surviving is more important than anything!
