After a pullback before Christmas, Bitcoin (BTC) rebounded and broke through the 98,000 mark, giving bulls a "green Christmas gift."
The price of Bitcoin broke through $98,000 driven by strong buying in the spot market, reaching a high of $99,487, setting a new recent trading record. As the price rose by more than $5,000, discussions about the Christmas market in the market heated up.
The rebound benefited from a large amount of buying support in the spot market. X account Exitpump commented that Bitcoin may usher in a "Christmas rebound" and verified the current buying pressure through exchange order data. According to CoinGlass data, in the past 24 hours, BTC shorts were forced to close by nearly $40 million, the market's bearish sentiment gradually subsided, and investors' bullish sentiment increased.
The copycats are also doing well, with an increase of nearly 10%, and the market is gradually recovering.
In any case, the volatility in the next few weeks will be the last chance to get on board, and I am very optimistic about the performance of the altcoins in 2025. Ethereum (ETH), led by the big brother of altcoins, is majestically leading a group of younger brothers to charge forward. The trend of Ethereum is more stable than that of Bitcoin.
The Trump family's WLFI project also bought the bottom of ETH during the weekend crash. I heard last night that institutional ETFs bought it in large quantities. So I think this pullback is your last chance to get on board, because it will rise to 8,000 in three months. You have to seize this opportunity!
Now all the coins have reached their limit! Can we go further?
Bitcoin is approaching 100,000 again, ETH is at 3540, and SOL is at 200. They have almost formed a W bottom and are near the previous high neckline. It is normal to have resistance here. High-multiple contracts can consider taking profits near the resistance, because if it cannot break through, it will become a double top again. After it is confirmed to break through, re-entering the market on the right side will be more stable and there will be no loss. In this way, BTC will return to the previous high of 108,000, and ETH will encounter resistance again when it reaches 4,000.
However, I still hold my 2x long-term position firmly, because the bull market has just started, it has only been 2 months, and there is still a year of growth to come. ETH will definitely go to 8,000, and SOL will go to 500, so just hold on.
Before Sol, our right side trade was correct, and we should have confirmed the breakthrough before going up. What about Sol? Last week, it failed to break upward and broke downward instead. Now it has rebounded from the bottom of W. 200 is the first resistance of the neckline, and the second resistance is here at 215.
I, Sol, am still waiting for it to break through the 220 downward trend line before adding leverage and entering the market, hoping to create a trend to 260.
Just hold the spot or 2x long-term. 70% of my positions are long-term, and the other 30% are waiting for opportunities. I will open a wave when there is a good point.
In addition, Musk is being "overpraised", something bad may happen
Because the recent decline in the US stock market and the cryptocurrency market is not only due to Powell, but also to Musk. Did you know that the US government almost shut down last week? The reason was that Ma governed the country through Twitter and directly used public opinion to reject the government budget, causing the government to almost shut down.
Even now, some officials say that Musk has become a shadow president. Some even say that they want to support him as speaker. I think those who say this may not really support Musk, but want to flatter him. Currently, he is reportedly under investigation by the military, but I think it should be fine. However, if Musk keeps giving orders, I really worry about him.
Finally, I would like to share some experiences with you, hoping that you can avoid pitfalls and lose less money in the next market.
First, learn from the lessons and look forward, cherishing the present moment.
Second, don’t try to predict the price before the market comes out. Make every small choice right at the moment. No matter whether it will be sunny or rainy in the future, just finish what you need to do today.
Third, don’t get involved in anything that affects your emotions. Anything that doesn’t make you money or help you grow is just a small matter.
Fourth, you must learn to be a "ruthless person", keep kindness for your family and your benefactors, and keep indifference for those "evil people" who have hurt you, and stay away from all kinds of negative energy circles.
