What did you see in the market during last Friday's rebound?
Is it fear? No, it's absolute greed;
When prices fall, a large number of people will try to bottom fish, which is clearly not in line with expectations. The real phase bottom is accompanied by panic selling, and it is obvious that we are not there yet.
In the crypto world, since you're here, you can't just talk; you have to act!
In the past 24 hours, a total of 105,678 traders have been liquidated across the network, with a total liquidation amount reaching $288.76 million.
The market may experience a rebound during the Christmas period!
1. Bitcoin has pulled back to a low: Currently, the price of Bitcoin has fallen to a recent low, with the 6-day Relative Strength Index (RSI) breaking below 30, indicating that the market may be in an oversold state, increasing the possibility of a rebound.
2. Altcoins no longer follow the correction: Many altcoins did not follow Bitcoin and Ethereum during their corrections, which may indicate a change in market structure. 3. Christmas market may reverse: Although it is generally expected that the market will perform poorly during the Christmas period, market makers may take the opposite strategy. If the market reverses, the rebound could be very strong, and investors need to prepare in advance.
Reminder: For contract traders, we do not recommend blindly following our analysis, especially for inexperienced retail investors. Contract trading carries high risks and should be approached with caution. Bitcoin trend analysis shows that although Bitcoin rebounded over the weekend, the rebound strength is relatively weak.
Currently, if the Bitcoin price does not effectively break below $92,000, it may maintain a fluctuating adjustment in the short term, with an adjustment cycle of about one month. 4-hour level analysis: There is some support around $92,000; if the price does not fall below this level, the likelihood of a fluctuating trend is high.
In this situation, some altcoins still have rebound opportunities.
Investment strategy recommendation:
Now is a good opportunity for regular investments in strong coins that were missed before, especially projects related to US compliance and ETFs, such as $HBAR and $AAVE. Additionally, meme coins are also worth paying attention to, particularly the highly topical $PNUT. This meme coin has strong speculative potential, suitable for investors with operational capability, but they should avoid the illusion of becoming rich quickly.
Overall, the market trend during the Christmas period is mainly characterized by fluctuations and adjustments, which is suitable for regular investment planning, preparing for greater opportunities next year.