The recent trend of Bitcoin has been a bit erratic; after the rebound, it hasn't stabilized and has instead started to decline slowly, which is really frustrating to watch. However, fortunately, the mainstream cryptocurrencies remain relatively stable, at least they haven't disappointed us. Currently, Bitcoin has experienced a sharp drop to 92,200, and the price has rebounded to remain above 94,000.
But what about those altcoins? They just had a slight increase, and then soon fell back, which really makes people anxious, especially those friends who have leveraged; they can't handle the market fluctuations. Now everyone is asking, is the bull market still there? Will the spot in hand be accidentally trapped?
How will the Christmas market trend?
To be honest, the market during Christmas is generally similar, and the overall market is still in a correction. The violent drop and rebound on the 20th has already ended, and this oscillating correction looks like a slow selling rhythm, which may continue until after Christmas.
So, is the bull market over? Of course not! The interest rate cut cycle has just begun, and in a few days it will be 2025; Trump has not yet taken office. The bull market is still here! As long as Trump hasn't taken office, the bull market won't end; on the contrary, it has just begun.
Moreover, from historical data, the period from January to April in the year following Bitcoin's halving often sees good upward trends, as was the case in 2017 and 2021. I believe this bull market will not be an exception, so it’s hard to buy a bull's return; cherish the recent corrections. Also, after a drastic decline, there will certainly be a rebound. For the short term, Bitcoin's second retest will focus on the previous low of 92,000 USD; as long as it doesn't break below, it's expected that once the market stabilizes, there will likely be a rebound.
When is it more appropriate to catch the bottom? How should we operate?
In the short term, unless there are sudden events. For the next couple of days, I only recommend focusing on short-term fluctuations for the main positions. With Christmas approaching and the market lacking liquidity, it’s all about market sentiment right now. As long as someone is selling, the price may continue to drop, so no one can predict where the bottom is. We can't catch the absolute lowest point; we can only lower our average holding price by buying in batches, which can allow us to enter at a relatively low price.
Specific operations can wait until after Christmas to catch the bottom, or you can start gradually building positions from the current price. If 92,000 USD cannot be maintained, you can appropriately increase your position, preparing to add more at 85,000 USD or even lower. The market has considerable uncertainty, and investors need to maintain a flexible operating strategy. Don't think about hitting the bottom in one go, and don’t invest too much at half the height; the current price range is all good for buying.
Additionally, it is recommended to hold spot and avoid contract operations. If the market suddenly surges, add to your position without hesitation, adjusting to a level you feel comfortable with. When favorable news lands, like Trump taking office, and the market is filled with FOMO, it’s time to cash out promptly; don’t hold onto fantasies and understand the importance of ‘securing profits.’
During the current market adjustment, besides Bitcoin, some other altcoins have also experienced significant declines. However, we should also choose some stronger coins; leading coins have more advantages, and often there are multiple leaders in the same sector, such as DOGE and SHIB. The focus is on the sector. The enduring ones are public chains and MEME, but there are also new popular sectors like AI, Depin, RWA, etc. The logic is the same; whether in the upcoming cycle, projects can rise to become impressive and mainstream altcoins, can be continuously monitored.
Here are a few targets that are currently promising, you can refer to: UNI, APT, AAVE, ONDO, MKR, PEPE, HBAR, PNUT.
In the end, trading cryptocurrencies is all about mindset!
Many people are thinking about buying spot, wanting to catch the bottom, but they always miss it by a little. This is actually quite difficult, really hard! However, when it drops, you can start to position yourself, entering in batches to lower the average price, which can help avoid missing opportunities! As long as you have faith in this market, there will definitely be good results in the end!