Many people are worried about whether the bull market is still there after such a drop? To be honest, those of us who have been in the crypto space for a long time still remember the bloody Christmas night clearly. It is also common to have pullbacks before the new year. In trading, it’s important to listen to news, but what’s more important is to look at the actual market situation and analyze it carefully.
On some special days, the market tends to be particularly sensitive. Back when Trump was in office, the strategic reserves he mentioned and what Powell says now might just make the market shake a bit, but it will pass quickly. This pullback, to put it simply, is just because everyone was too greedy, and the market is adjusting itself.
As traders, we cannot rely solely on guesses; holding data and the movements of big players on-chain were already indicating something before Powell spoke. Following the big players is the way to thrive in the secondary market. Speaking of the future, Trump is about to enter the White House, which could bring a bunch of good policies to the crypto space. Those altcoins could have room to develop now, and then the altcoin season will come, won't it? Isn’t this the big movement we have been waiting for, and it's just right on the timeline?
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