Review of market conditions during Christmas and forecast for 2024
Christmas Quotes 2023:
December 11: The market experienced a significant 8% decline.
Follow-up trend: Entering a period of shock, testing the low set on December 11 multiple times. This trend continued until the Lunar New Year on January 22, 2024, and reached its lowest point on that day.
Christmas Quotes 2022:
December 14: The market fell back from its highest point, with an overall decline of 12%.
Subsequent trends: The market remained volatile, repeatedly testing lows, and finally hit the lowest point on December 30.
2020 Christmas Quotes:
Overall trend: There was a large fluctuation of about 10% during the period, but the overall performance was a volatile increase.
January 3 and January 11: Significant declines of 20% and 30% occurred respectively, and then the market continued to test the low of January 3.
January 27: The market bottoms out and rebounds, resuming its upward trend.
Christmas market forecast for 2024:
Reference basis: Given that 2020 is the outbreak period of the bull market, market behavior has a high reference value.
Recent news:
November 24: The market begins to trend downward.
December 5: The market experienced large fluctuations of approximately 13% (Tian Di Needle).
Prediction of subsequent trends: The market is currently repeatedly testing the low on November 26. Like the trend in 2020, there will be at least one or two chances to test 9w.
Summarize:
In the next operation, we will reduce our positions as time goes by and wait for the follow-up test. What is discussed here is $BTC , and the copycats can also have some reference. Since this round has ETFs + interest rate cuts + crypto-friendliness, we can only make profits and keep our bottom positions unchanged. It is suitable for people who can increase the currency standard in the band. Most people recommend waiting until April next year.
I organized my positions during the last callback, you can refer to it
Value VC coins: Eigen, APT, SUI, ENA, OP, STRK, MORPOH, Usual, BB
Value Meme coins: DOGE, PEPE
