Bingtang still remembers that after the fluctuation of the pancake lasted for eight months at 26K, it soared to 73K; after the fluctuation at 65K lasted for eight months, it rushed to 100K again. What about this time? Bingtang does not believe it will take another eight months. The reason is simple: the expectation of Old Trump’s support in January is indeed too strong, just waiting to see what real benefits Grandpa Chuan can bring to cryptocurrency.

I haven't talked much about trends recently, but the decline of Bitcoin from last night to today made me want to talk about it. Many people began to be pessimistic and wondered if the market was cold. But I want to say, don't be impatient, be patient, the market is not ready to reveal the bottom yet.

Let's review the recent trend first. Since the end of the election, Bitcoin prices have been hovering around 95K, like a wind blowing up and rippling a pool of spring water. Then, due to frequent high-level personnel appointments, the market saw a wave of rises, but this was more supported by verbal positives.

Then the question is, have these positives landed now? No! Instead, the Fed has slowed down its interest rate cuts, and it is inevitable that the mood will adjust.

But will this wave of adjustment really last for a long time? Not necessarily. The election stage of the election has ended, but the power transfer and incumbency stage has just begun. The shutdown crisis has also been temporarily avoided, and the Republicans have no intention of tripping up Trump. Looking at Trump's inauguration on January 20, even the mention of cryptocurrency may be enough to make the market excited for a while.
Next is the holiday effect: low liquidity is inevitable on Christmas Eve and Christmas, and there is a high probability that the market will continue to fluctuate. After the stock market in China closed on New Year's Day, Q1, as the beginning of the year, may be a good opportunity for bulls to counterattack. Trump's inaugural speech on January 20 is a potential small peak.

Speaking of the emotional side, the panic index in the market has gradually dissipated. Those investors who ran away in panic are basically retail investors who are not firm enough. The rest are either short-term players or hard-core investors who really dare to gamble. Volatility is not a bad thing, it is more like a "removing the false and retaining the true" cleansing of retail investors.
#圣诞行情分析