2024.12.31, the morning report is here! Time flies, and this year will only suffer for this last day before "liberation". Bitcoin has been quite mischievous, playing tricks on the 27th, and today it surprisingly repeats the same old trick.
In contrast, Ethereum has shown increasingly strong overall performance, with the support level at 3300 as steady as a mountain, yet to be broken. Now, the market has already passed the first phase of Bitcoin's one-sided rise and has entered the second phase.
In this phase, Bitcoin needs to correct or consolidate, allowing funds to slowly flow towards Ethereum and altcoins, opening up a spectacular performance of universal rises and sector rotations. In fact, this grand show has already started. From past declines, we can see that some cryptocurrencies are particularly strong, barely moving when they fall, and stabilizing on the daily charts. These cryptocurrencies are even stronger than Ethereum, showing a more aggressive trend. Once the market stabilizes, they will definitely rebound first.
So, we need to keep a close eye on which coins are suitable for bottom-fishing, and which coins are rising slowly and don’t need to be rushed into, like pnut, behavior, and neiro. I mentioned them yesterday; they have been falling for a long time and cannot just shoot up all of a sudden; they need to test the market repeatedly and only after stabilizing will they rise.
Those coins that have not been rising much may actually surge first later on, as everyone is eagerly waiting for the big players to give orders. After all, the downside potential is limited, but the upside potential is infinite.
