Bitcoin is still fluctuating in the range of 92500-99500, and the 3-day MACD crossover has returned to the zero axis. The large net inflows of FBTC and ARKB the day before yesterday were just a flash in the pan. Yesterday, FBTC and ARKB turned to large net outflows, with net outflows of US$208 million and US$113 million respectively. Market liquidity has also deteriorated further.
Yesterday, the Bitcoin premium index once dropped to -0.27%. Negative factors dominated the market, so Bitcoin fell sharply yesterday after a brief rebound. Bitcoin may rebound in the short term, but it is not yet time for a reversal.
Bitcoin has been trading sideways around 40K-48K for about 70 days, and around 60K-70K for nearly 250 days. Now a new garbage sideways period is coming again. Combined with Trump's inauguration on January 20, 2025, there is probably no big market before the New Year.
Bitcoin decentralization yesterday, many altcoins are as weak as mud. At this time, we still need to stick to good and high-quality strong currencies and let go of those weak junk currencies. At present, many altcoins have stopped falling, and the bottom range has been formed. No matter how it adjusts in January, it is the last chance for everyone to get on board. Here are some good bargain hunting targets:
RSS3
You can go all in directly at the current price of around 0.13. The price is at a low level, and the bottom is obviously accumulating funds. This coin has a surge in the first quarter every year, and it does not follow the market. The pattern shows signs of a breakthrough and reversal, so you can use 15%-20% risk in exchange for more than 70% profit, which is very cost-effective!
HYPE
HYPE is approaching the 23-25 support range, and you can try to buy in this range for swing trading. The stop loss is when the 4-hour K-line closes below $20.
Every time the altcoins surge, many newcomers hesitate whether to chase the highs. Every time the altcoins plummet, many newcomers ask whether to sell at a loss. Since they regret not getting on board at a low point, why are they hesitating again now that the opportunity to get on board has come? Now, as long as there are contracts, the coins on the list of rising coins basically have negative rates, and they are particularly high. It seems that everyone has no expectations for the market in the short term. Whenever there are high negative rates in succession, it is also the time when the market is coming. The current currency circle is similar to last year. First, there was a wave of panic, and then a wave of rapid rise.
At present, a wave of decline and panic has been realized. It depends on whether there will be a bottoming out and a wave of rise. At that time, it is expected to rise quickly, maybe in ten days or half a month. At that time, we will see which series of cottages will perform well. Now there is gold everywhere. 2024 is about to end. 2025 will definitely be a year of a big bull market. It is a short-term cold winter in the bull market recently. After surviving it, there will be a big outbreak of the super bull market. It’s still the same sentence: refuse contract leverage, hold the spot firmly, you will definitely be the winner in this round of bull market. Finally, I wish everyone a big profit in 2025.
