In terms of Bitcoin, there have been two instances of a rebound after testing around 92,000, with strong support at the 90,000-92,000 range. I believe that as long as this support level holds in the short term, there is a possibility of forming a bottom, which could then initiate a new round of market movement. If this support cannot be maintained, it might drop to around 85,000 to form a bottom before starting a new upward trend. Overall, we still maintain a bullish outlook, firmly holding our positions, and continue to adhere to the strategy of buying small on minor dips and buying large on major dips, with a current focus on Zen and LPT, which will surely help everyone reap significant profits!
In terms of Bitcoin, there have been two instances of a rebound after testing around 92,000, with strong support at the 90,000-92,000 range. I believe that as long as this support level holds in the short term, there is a possibility of forming a bottom, which could then initiate a new round of market movement. If this support cannot be maintained, it might drop to around 85,000 to form a bottom before starting a new upward trend. Overall, we still maintain a bullish outlook, firmly holding our positions, and continue to adhere to the strategy of buying small on minor dips and buying large on major dips, with a current focus on Zen and LPT, which will surely help everyone reap significant profits!
Although Bitcoin did not successfully break through 110,000 this time to establish a clear direction, it has indeed been oversold along with altcoins. Moreover, it is currently the Christmas season for major players in Europe and America; there hasn't been much movement from large funds recently, and although there won't be a significant rise, a sharp decline is also unlikely. Therefore, various altcoin leaders can use this time to pump the market at a relatively low cost, with minimal risk of black swan events.
At the same time, the main battleground for altcoins is in Asia. One can observe the trading volume of several exchanges in South Korea; it can be said that this rise, as I mentioned before, is due to the shift of market dominance from Europe and America to Asia. If the American market transitions into the expected rally after Trump comes to power following Christmas, then Bitcoin and altcoins may experience a wave of correlated market movements, where altcoins rise first, followed by Bitcoin reaching 110,000 or even 120,000, and then altcoins continue to surge. If this trend occurs, I personally believe that the market will accelerate into an altcoin bull market in January next year. Existing valuable altcoins and meme coins may see a 3-5 times increase in value.