From the rebound after the sharp drop, it can be seen that stability has temporarily been achieved, but this is not a signal to catch the bottom. It is related to the PCE data, including institutional predictions that Ethereum's ETF staking may pass, and Trump is increasing his position in ETH again. However, the weekend's market is a game among retail investors, meaning that after significant drops, there will naturally be some capital intervention, but this intervention cannot last long. For example, if today BTC's ETF starts trading and there's an outflow, then the market will still fall into a panic adjustment phase.
Currently, BTC needs capital support to quickly break through key resistance levels. Although MicroStrategy has started a one-month pause, BlackRock and listed companies are still active, so there’s no need to worry about the end of the bull market or a prolonged adjustment. On the 23rd-24th, MSTR will officially be included in the Nasdaq 100, and large capital supports are also preparing.
Back to the market, it will not just collapse. The best operation at this stage is to wait for right-side trading, rather than risking to catch the bottom halfway up the mountain. After all, this week's trend will still depend on the ETF data.
The rebound in the past two days can be seen as an opportunity for you to reduce your holdings. Many people were confused yesterday about whether to cut losses. The consensus is that if you didn't reduce your holdings when the price was halved, then just hold on. If it returns to your cost price in the next two days, that's your opportunity to reduce holdings. Set proper stop-losses for your trades, and if you hit the stop-loss, there's no need to feel sorry, because there will be enough opportunities ahead. The scary part of the market is not the crash, but the stable market after a crash when you have no bullets to operate. That’s the most terrifying part!
The most important moment in the cryptocurrency world is about to arrive! The next six months could change your life!
1. Most cryptocurrencies will bottom out in December, and the most wealth-generating altcoin season is about to arrive!
2. In the last two cycles, altcoins broke historical highs and soared in the 8th month after the halving. This cycle corresponds to January 2025. History won't repeat itself simply, but there will definitely be similarities!
3. In the next six months, BTC could rise by up to 100% to 200,000, ETH could rise by 2-4 times to 9,000-15,000, and altcoins could generally increase by 5-10 times. Get ready for the bubble era!
