1. The current pullback is an adjustment in a bull market and has lasted for about 10 days, nearing its end. The season for altcoins has arrived, but a collective breakout has not yet occurred. The market is waiting for Bitcoin and Ethereum to lead; currently, only a few individual coins have started to move ahead, while most altcoins have yet to officially rise and are still consolidating in sideways trading. The market is waiting for a rebound signal from ETH.
2. Technical Analysis: Various technical indicators for BTC (such as MACD, channels, KDJ, etc.) have dropped to low points, and there has been no significant volume during the downward movement. If the current support level holds, the chances of a rebound will increase.
3. Capital Market: A large amount of capital has already entered the bottom area for bargain hunting, providing support for the upcoming rebound.
4. News: Trump is expected to take office at the end of January, which may bring more policy changes and positive expectations to the crypto space. The staking feature for Ethereum is expected to be launched after Trump takes office, further enhancing Ethereum's attractiveness and expected to attract significant buying interest; staking applications are likely to surge in January. Meanwhile, before the Christmas holiday, approximately $131 million has flowed into the market, indicating that institutional investors are also looking forward to the launch of the staking feature.
