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#POPCAT Keep track of real-time hotspots in the currency circle, seize the best trading opportunities. Today is Sunday, January 5, 2025. Good morning, coin friends☀ hardcore fan check-in👍 like and get rich 🍗🍗🌹🌹
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Every day, new hotspots emerge in the cryptocurrency market, which is essentially a market driven by news. As long as you keep up with the news, your actions will not go wrong. At this moment, Bitcoin has repeatedly surged past $98,000, and Ethereum has broken through the key $3650 mark. It should be a time when news-based and narrative-based coins shine. The bear market is a period of accumulation and settling, while the bull market is a time to realize value. As long as you hold spot positions and are willing to wait, the future will tell us the answer. I believe that 2025 will be better.
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Recently, USDT has increased a lot, and there is a continuous inflow of funds for bottom fishing. In addition, MicroStrategy plans to issue $2 billion in preferred shares to increase its holdings of Bitcoin. This is definitely a bullish rhythm for the first quarter! Not only that, the restructuring plan of Ftt has also taken effect, and Bio has released the roadmap for January and February, preparing to expand to multiple chains and launch new features. When the correction stabilizes, we can make a move! Of course, let's not forget the benefits brought by the Prague upgrade in March. This is a good opportunity to allocate Ether-related assets at a low point. In addition, Trump will officially take office on January 20, 2025, so everyone can also pay attention to the Trump section. Overall, the first quarter of 2025 is definitely a market worth looking forward to!
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Bitcoin rebounded again to touch the 99000 level in the evening, and there are signs of a quiet warming in the market. The downward trend of Bitcoin has been contained, and the rebound is obvious. However, judging from market data and news, it is still difficult to expect a strong rise in the short term. In addition, the market liquidity is expected to remain low over the weekend, and it is expected to continue to oscillate in the range of 97000 to 98500. As for the trend, it is still a correction in the upward trend, depending on the size of the correction space. In a strong correction market, consolidation will replace the retracement, while in a weak correction market, there will be a retracement in space. However, after the retracement, I still believe that the bulls will touch new highs.
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The strong rebound of Ethereum yesterday is quite impressive. After more than ten trading days of range volatility, it finally broke through and stabilized above the 3600 resistance level, with the highest rise to the 3667 level. Currently, although it has not completely escaped the range volatility, it has shown potential upward momentum. Although the low liquidity on weekends currently presents a consolidation phase in the market, historically, major positive news often leads to a strong rally after being digested in advance. Therefore, in the short term, we should continue to focus on the long side, and buy on dips in batches for operation!