Currently, Bitcoin's performance remains strong, with sideways movement instead of declines, and the Federal Reserve is about to announce a rate cut, expected to kick off a rate cut cycle in 2025. This provides favorable support for the market. Whether Bitcoin can directly break through $110,000 still needs to be observed based on the subsequent volume release.
Currently favorable news: After MSTR was included in the Nasdaq 100, institutional funds have continued to accumulate, which undoubtedly injects more confidence into the market and lays the groundwork for BTC to continue its rally! Hopefully, tonight will see significant ETF performance; let's not crash BTC, as sentiment remains good.
Key points for this week:
Tuesday at 04:45, Bank of Canada Governor Macklem will give a speech;
Thursday at 03:00, the Federal Reserve will announce the interest rate decision and economic outlook summary;
Thursday at 03:30, Federal Reserve Chairman Powell will hold a monetary policy press conference;
Thursday (specific time to be determined), the Bank of Japan will announce the interest rate decision;
Thursday at 14:30, Bank of Japan Governor Ueda Kazuo will hold a monetary policy press conference;
Thursday at 21:30, Laomei's third-quarter actual GDP annualized quarter-on-quarter revised value, US third-quarter actual personal consumption expenditure quarter-on-quarter initial value, and US December Philadelphia Fed manufacturing index.
The most important event this week is the Federal Reserve's meeting on the 19th. According to current market predictions, there is over a 95% probability of a 25 basis point rate cut, which is favorable for the market. The market will likely take this opportunity to rally. Previously strong altcoins should be revisited. In this round, without any strong new stimuli, the market has been rotating in speculation. After AI, it may again focus on strong altcoins such as Pepe, Sol, Punt, Doge, etc.
The meeting will primarily feature Powell's speech, which may stimulate market speculation with new sentiment. Japan should not raise interest rates this month, so the upcoming market should focus more on your spot costs, especially since Christmas is just a few days away!
Christmas is a risk because the US stock market will be closed, and without market makers, BTC might be unpredictable. If BTC drops, the altcoins might look bad. Therefore, continuous reminders about position control, holding positions short-term and in waves, to maximize profits, one must consider reducing positions around the 20th of December.
Christmas will not affect the overall trend. After New Year's Day, with Trump officially taking office and the new SEC chairman, new upward movements will definitely continue. Without negative data and news, there should be no issues!
To summarize, currently your long positions can ignore the Christmas market. If you have USDT or have reduced positions, you can wait for trading opportunities around Christmas.
How to discover potential coins in the future?
To discover potential coins, one must first understand the logic of sector rotation in a bull market while selecting the strong coins in this round and the anti-dip altcoins in this wave.
The logic of the current bull market sector initiation.
Defi and payment sector tracks have started consecutively. Currently, we can see that AAVE, LDO, CRV, SUSHI, COW, etc., have been on the rising list for two consecutive weeks, with Defi and XRP applications rising steadily.
Then there are RWA, the combination of real-world assets and cryptocurrencies like RSR and ONDO, which will begin to rise.
Next up is the staking and re-staking sector led by LDO and ENA. With the influx of funds into Bitcoin due to interest rate cuts, these high-yield and safe large projects have been steadily rising, and then sectors like Chain Oil and MEME will catch up to finish.
Select the strong coins in this round and the anti-dip altcoins in this wave:
Regardless, I believe that as long as the bull market remains, strong players won't just earn a little. To summarize, there are several hot sectors: Defi/staking under the ETH ecosystem, old mainstream, GameFi, and meme.
We are still only at the early stage of the bull market. Currently, some altcoins are correcting, and the market is providing opportunities. Those who can get on board should do so. Brothers who were urged to invest heavily in August-October should hold their chips tightly and not be thrown off. No matter how much it drops now, it won't drop below our cost line.
For those who haven't gotten on board yet, directly increase to a 7-layer position, leaving 3 layers for risk hedging. Don't let short-term corrections throw you off; as soon as there's a correction, gradually fill your positions until the bull market peaks and you can offload.
It's important to know that not many people make money in the early stages of a bull market. This is normal because the leading coins in this wave are mostly older series, which most people previously overlooked. During the late stages of a bull market, older coins will also rise. The new and semi-new coins will rise in the middle of a bull market. This is the general pattern of rotation.
If the characteristic of the first phase is a broad rise with sector rotation upwards, then the second phase is characterized by a scramble!
At this stage, frequent rotation is ineffective and can easily lead to missed opportunities. Staying steady and preparing for long-term layouts is a wiser strategy!
Currently, Bitcoin's performance remains strong, with sideways movement instead of declines, and the Federal Reserve is about to announce a rate cut, expected to kick off a rate cut cycle in 2025. This provides favorable support for the market. Whether Bitcoin can directly break through $110,000 still needs to be observed based on the subsequent volume release.
Currently favorable news: After MSTR was included in the Nasdaq 100, institutional funds have continued to accumulate, which undoubtedly injects more confidence into the market and lays the groundwork for BTC to continue its rally! Hopefully, tonight will see significant ETF performance; let's not crash BTC, as sentiment remains good.
Key points for this week:
Tuesday at 04:45, Bank of Canada Governor Macklem will give a speech;
Thursday at 03:00, the Federal Reserve will announce the interest rate decision and economic outlook summary;
Thursday at 03:30, Federal Reserve Chairman Powell will hold a monetary policy press conference;
Thursday (specific time to be determined), the Bank of Japan will announce the interest rate decision;
Thursday at 14:30, Bank of Japan Governor Ueda Kazuo will hold a monetary policy press conference;
Thursday at 21:30, Laomei's third-quarter actual GDP annualized quarter-on-quarter revised value, US third-quarter actual personal consumption expenditure quarter-on-quarter initial value, and US December Philadelphia Fed manufacturing index.
The most important event this week is the Federal Reserve's meeting on the 19th. According to current market predictions, there is over a 95% probability of a 25 basis point rate cut, which is favorable for the market. The market will likely take this opportunity to rally. Previously strong altcoins should be revisited. In this round, without any strong new stimuli, the market has been rotating in speculation. After AI, it may again focus on strong altcoins such as Pepe, Sol, Punt, Doge, etc.
The meeting will primarily feature Powell's speech, which may stimulate market speculation with new sentiment. Japan should not raise interest rates this month, so the upcoming market should focus more on your spot costs, especially since Christmas is just a few days away!
Christmas is a risk because the US stock market will be closed, and without market makers, BTC might be unpredictable. If BTC drops, the altcoins might look bad. Therefore, continuous reminders about position control, holding positions short-term and in waves, to maximize profits, one must consider reducing positions around the 20th of December.
Christmas will not affect the overall trend. After New Year's Day, with Trump officially taking office and the new SEC chairman, new upward movements will definitely continue. Without negative data and news, there should be no issues!
To summarize, currently your long positions can ignore the Christmas market. If you have USDT or have reduced positions, you can wait for trading opportunities around Christmas.
How to discover potential coins in the future?
To discover potential coins, one must first understand the logic of sector rotation in a bull market while selecting the strong coins in this round and the anti-dip altcoins in this wave.
The logic of the current bull market sector initiation.
Defi and payment sector tracks have started consecutively. Currently, we can see that AAVE, LDO, CRV, SUSHI, COW, etc., have been on the rising list for two consecutive weeks, with Defi and XRP applications rising steadily.
Then there are RWA, the combination of real-world assets and cryptocurrencies like RSR and ONDO, which will begin to rise.
Next up is the staking and re-staking sector led by LDO and ENA. With the influx of funds into Bitcoin due to interest rate cuts, these high-yield and safe large projects have been steadily rising, and then sectors like Chain Oil and MEME will catch up to finish.
Select the strong coins in this round and the anti-dip altcoins in this wave:
Regardless, I believe that as long as the bull market remains, strong players won't just earn a little. To summarize, there are several hot sectors: Defi/staking under the ETH ecosystem, old mainstream, GameFi, and meme.
We are still only at the early stage of the bull market. Currently, some altcoins are correcting, and the market is providing opportunities. Those who can get on board should do so. Brothers who were urged to invest heavily in August-October should hold their chips tightly and not be thrown off. No matter how much it drops now, it won't drop below our cost line.
For those who haven't gotten on board yet, directly increase to a 7-layer position, leaving 3 layers for risk hedging. Don't let short-term corrections throw you off; as soon as there's a correction, gradually fill your positions until the bull market peaks and you can offload.
It's important to know that not many people make money in the early stages of a bull market. This is normal because the leading coins in this wave are mostly older series, which most people previously overlooked. During the late stages of a bull market, older coins will also rise. The new and semi-new coins will rise in the middle of a bull market. This is the general pattern of rotation.
If the characteristic of the first phase is a broad rise with sector rotation upwards, then the second phase is characterized by a scramble!
At this stage, frequent rotation is ineffective and can easily lead to missed opportunities. Staying steady and preparing for long-term layouts is a wiser strategy!