In 2024, the price of BTC rose sharply, steadily climbing from $42,208 on January 1 to $96,250 by December 31, marking an annual increase of nearly 128%.

For ETH, the price was $2,280 on January 1 and rose to $3,452 by December 31, an increase of about 55%, which is only half of the 98.6% increase seen in 2023. Throughout the year, ETH tested the $4,000 mark multiple times, but unfortunately, it failed to break through the peak from 2021.

Analysis of BTC and Altcoin Market

BTC is in a state of fluctuation

Currently, BTC is fluctuating in the range of 92,000 - 96,000. After New Year's, market liquidity in the U.S. is expected to recover on January 6, with unemployment rates to be announced on the 10th. Although the data may be positive, the market could panic before the announcement. There is a possibility that BTC could drop below 92,000 or even 90,000, but the probability is low. On-chain data shows strong buy support at 90,000 and 92,000.

Key Points to Watch in Altcoins

Among altcoins, the on-chain meme trend is quite good, with several projects emerging with market values around 100 million. The initial surge after opening is hard to grasp, so keep an eye on big influencers; if missed, research case studies for the second wave during corrections, but avoid heavy investments. AI-related MEME like $ACT has rebounded and is worth attention. Leading public chains and popular sectors like DEFI, such as BNB, SOL, and SUI, have good expectations. ETH's performance is crucial for secondary increases, and there may be opportunities in Q1. For those who haven't bottomed out before, there will still be opportunities before January 13, while also paying attention to policies and macro information. The market may be promising before March, after which we will reassess.