The market has been a bit quiet these past two days, with low market sentiment and liquidity.
Bitcoin is fluctuating around $96,270, while Ethereum is fluctuating around $3,375.
Currently, funds are still concentrated in mainstream assets like Bitcoin and Ethereum, and there is not a high risk preference among investors.
Most altcoins are also adjusting along with the market, but platform tokens are performing the strongest, with BGB, FTT, and GT rising against the trend.
However, BGB seems a bit overvalued in the short term, and there is a demand for a pullback; it is advisable not to chase the highs and to wait for a pullback before gradually buying in.
It is worth noting that Ethereum's spot ETF has recently attracted a considerable inflow of funds, with $53.6 million coming in on the 24th and $130.8 million on the 23rd.
The current ETH/BTC exchange rate is 0.035, and I believe Ethereum may see a wave of catch-up in January.
BlackRock, Fidelity, and Grayscale are likely to submit S1 applications for Ethereum staking ETFs in January.
In March, Ethereum will undergo the Prague upgrade, which will benefit projects like ETH, ENA, and UNI; the market may start to warm up in January.
So which projects can we buy at the bottom now?
I think we should prioritize buying Bitcoin at the bottom now, and small positions can be allocated to some leading projects with narratives.
But one must not go in heavily; it is crucial to control the position in altcoins.
Yesterday, I reviewed the December trends in the VIP group; Bitcoin kept hitting new highs, and influenced by sentiment, altcoins had a brief rotation.
However, with Powell's hawkish remarks and the upcoming Christmas holiday in the U.S., market liquidity is gradually being withdrawn.
So when Bitcoin corrected this time, it wiped out all the gains of altcoins over the past three months.
In a situation of low market sentiment and liquidity, trying to make money on altcoins is basically a hellish difficulty.
Therefore, in terms of operational strategy, do not be too aggressive and learn to take profits.
The hot spots in altcoins switch very quickly, so after making money, be sure to withdraw your principal in a timely manner to avoid being trapped.
This round of the bull market has been the biggest punishment for diamond hands in altcoins, as many people holding altcoins for years have not only seen no increase but have also dropped more severely than during the bear market.
Therefore, when choosing altcoins, one must be cautious, set stop-loss levels, and not hold on stubbornly.
When market sentiment is low and altcoins are not generating profits, Bitcoin should be prioritized for buying at the bottom.
This is a certain profit; many major players around me have been buying at the bottom lately, and the buying pressure below is very strong.
We can wait until market liquidity and sentiment recover before swapping the Bitcoin portion bought at the bottom for altcoins that have a profit effect. Make money from market sentiment and use this strategy to acquire more Bitcoin.
Additionally, it is worth noting that someone compared the returns of eight assets (BTC, U.S. stocks, gold, A-shares, government bonds, exchange rates, crude oil, and housing prices) over the past ten years, and the result shows Bitcoin is far ahead.
Yesterday, Watcher.Guru tweeted that the U.S. Congress is expected to prioritize cryptocurrency legislation in 2025.
Japanese Prime Minister Shigeru Ishiba stated that it is still uncertain whether to implement a Bitcoin strategic reserve due to a lack of information about plans from the U.S. and other countries.
It can be seen that as long as Trump truly makes Bitcoin a strategic reserve asset, many countries will definitely follow suit with similar strategic reserve plans for Bitcoin.
From a chip structure perspective, Bitcoin's trend is relatively healthy.
Its support levels are at 93,230, 91,110, and 82,150; you can consider buying in batches at these positions.