On Sunday, BTC and ETH remained stagnant, which should have provided a good opportunity for altcoins to perform well. However, many altcoins not only failed to rise but also showed signs of a downturn, indicating a weakening bullish force. Especially some established altcoins encountered resistance after a surge yesterday, seemingly acting as leading indicators. Although the top is not yet fully formed, the upward momentum is clearly declining. Looking at the year-end market, the risks outweigh the rewards. I personally expect a significant correction may occur in late December, so friends who are preparing to enter the market may want to wait patiently until opportunities are clearer later in the month before taking action. Currently, the market is suitable for short-term operations.

Market Dynamics Analysis

BTC: After a spike, it re-entered a consolidation phase, lacking a clear direction in the short term, with limited profit space.

ETH: A pullback occurred at the 1-hour level, while it remains within a consolidation range on the 4-hour chart.

Trump-related coins: Such as DOGE, XRB, PEOPLE, etc., may still have some speculative space before Trump officially takes office as the heat around him continues to rise.

XRP Dynamics: When the price fell to $2.22, a whale bought over 120 million XRP at the bottom. Currently, $2.22 has formed strong support, and if it breaks below, it may shift to a downward trend.

Positive News: Trump's son will speak at the Bitcoin conference in Abu Dhabi from December 9 to 10, which may boost market sentiment.

Altcoin Season: From this month until March next year, the altcoin market may continue for about 90 days. Currently, the weekly upward and consolidation trend suggests the possibility of a continued upward trend.

New Speculation Topic: Michael Saylor suggests the U.S. sell its gold reserves to buy 20%-25% of circulating Bitcoin. This viewpoint may become a market speculation theme next year.