The S&P 500 has fallen for five consecutive days, and the Christmas rally has ended in complete failure, with the market on the verge of extreme panic.
Data from the past four years show that there is no direct correlation between a strong start to the new year and full-year returns. Starting in 2021, the S&P 500 has fallen three times and risen once on the first trading day of each year. In these three years of first-day declines, the index's full-year return rate exceeded 20%.
On January 2, 2025, the CSI 300 Index fell 2.9%, the lowest level since October 18 last year, and the largest drop on the first day of the new year in 10 years. At the same time, the Hang Seng Index in Hong Kong fell 2.2%. Previously, the manufacturing PMI in December was 50.5, lower than expected, and export orders fell for the fourth consecutive month. China's 10-year treasury bond yield hit a record low of 1.63%, indicating that economic pressures persist and there is only one way out: structural reform.
In 2024, both the Chinese and American stock markets closed down. The uncertainty this year mainly comes from Trump. Trump's policies are too radical, both domestic and foreign affairs. But from the past, Trump is used to guiding the other party's expectations in order to gain better bargaining chips in negotiations. This is also a standard negotiation technique-framework setting. But this also makes it very difficult to predict him. To understand his boundaries, you need to see how he lands.
Although BTC has been in a correction trend recently, from the rebound in the past few days, there has been a breakthrough upward. BTC is above the lifeline again, which means that funds have long and bullish behavior. The possibility of further plunges in the future has been reduced. If there is another correction, it will be the last chance for you to enter the market by buying the bottom. The time and opportunity for you to enter the market are getting less and less. Many individual coins have started to rebound in advance. Recently, it is mainly buying on dips. Try to control yourself and don't go short. Trump's time to take office is approaching. The price of the currency may rise in advance. The unilateral market is slowly brewing. If you open a short position at a low level and do not set a stop loss, then you are very likely to be trapped at the bottom of the mountain. You will also miss the surge in the first quarter. For players who plan for a period, some coins do need to be bought actively. The longer you don't enter the market, the higher the entry cost will be.$BTC #比特币走势观察