Currently, the price of Bitcoin (BTC) has continued to hit new highs, breaking through around $94,000, which may indeed be related to the news that Bitcoin ETF options have started trading. Such news usually stimulates optimism in the market in the short term, but it is often temporary. If Bitcoin wants to go further and maintain a healthy upward trend, in addition to these short-term positive factors, the market also needs greater support, such as clear regulatory policies, more institutional participation, or technological innovation.
The current market trend is oscillating upwards, which is a suitable environment for wave trading, i.e. short-term rapid entry and exit. For short-term traders, strict market monitoring and flexible trading strategies are very important, as the market is becoming increasingly volatile, and the risks are relatively high. If you choose to enter at this stage, you should conduct precise operations and avoid establishing long-term positions, especially in the absence of major positive catalysts.
In short, the current market is more suitable for wave trading, try to avoid building long positions, and wait for more positive news or confirmation of the trend before making arrangements. If the market enters a correction phase, it can also be considered a new buying opportunity, but the premise is to confirm that the support level is stable.
3 MEME Coins Worth Grabbing After Nvidia's Earnings Report!
DOGE
As the irreplaceable MEME coin leader, DOGE still has huge speculative potential, and the narrative of "breaking $1" is still a focus of market attention. Currently, the price has risen for three consecutive days, showing a strong upward momentum.
From a technical perspective, the 1-hour chart has experienced a correction and formed a clear Double Bottom structure, and the 15-minute chart also shows a Double Bottom pattern, with the price currently in an upward phase. At this time, the market sentiment is positive, and going long can be said to be timely, and it is worth closely watching the subsequent developments!
ACT
In the era of widespread attention on AI, AI MEME has become one of the hottest topics of discussion. Although the daily chart currently shows a downward trend, the overall performance is still stable, with obvious support from bottom-fishing funds.
Although multiple AI Agent-related MEME coins have emerged in the market, ACT is currently the only project that has successfully launched on BNB. This makes it the priority choice for the exchange to attract large capital inflows. In addition, it is similar to Pnut, another recently launched new coin that has attracted much attention.
PNUT
The Musk concept has always been a focus of market discussion, and his open support and strong influence have made related projects highly anticipated. With the background of a squirrel's story, coinciding with Trump's election and Musk's positive endorsement, these coincidences have led to a rapid surge in this token after its launch.
In terms of future speculative space, after Trump officially takes office, this token may receive further market attention. As a new coin on BNB, it is also expected to be part of the replacement of old and new MEME projects.
Reviewing the 2021 bull market, Musk has successively promoted DOGE and SHIB to the top of the MEME coin throne. If a new bull market starts, Musk is highly likely to make another push, introducing a brand new MEME coin to the market. From the current conditions and market response, Pnut is undoubtedly one of the most promising targets, and its future performance is worth looking forward to.
