Less than a week ago, Bitcoin hit a new all-time high above $108,000, but in the past 24 hours, its price fell below $92,500, the lowest level since November 26.
At present, as market sentiment gradually stabilizes, the price of Bitcoin has recovered to around US$94,000 and entered a volatile phase.
In the short term, Bitcoin is expected to fluctuate between 94,000 and 98,000. If it falls below this level, it may trigger further liquidation. It seems that people are not so scared now. If Bitcoin really falls below 90,000, it may be a good time to build a position. Generally speaking, a plunge in a bull market lasts only 7 to 11 days. Now it seems that the time is about right.
BTC plummeted and is being slowly “sucked dry” by copycats!
Bitcoin is about to hit the bottom, but ETH and altcoins remain unmoved! Is this a sign of a market reversal?
The copycats have almost stopped following the big players. Most of the copycats have rebounded from oversold prices. The market is likely to continue the rebound trend, but the probability of a trend is low. The capital market still needs time to recover. There are opportunities in January, but no one has unlimited chips to smash. Things will turn around when they reach the extreme. In the bull market atmosphere, you will stop washing after washing.
If the current Bitcoin price does not follow the decline, it means that most altcoins have already fallen to the right level. Bitcoin cannot keep falling and will rebound. When Bitcoin rebounds, altcoins will rebound more. It can be said that as long as Bitcoin stabilizes above $92,000, altcoins will have a chance to perform.
After the Christmas holidays, many large institutions will return to trading, and the market is expected to become active soon, sounding the clarion call for a counterattack. If BTC can stabilize and not fall, or even if it does not rise, we may usher in a profitable altcoin season.
Although the market is traditionally relatively quiet during Christmas and New Year, this year is the half-year holiday, and historically the New Year holidays during the half-year holiday have always been extremely lively.
At present, the altcoin season is really starting to heat up slowly. When Bitcoin falls, Ethereum altcoins do not follow the fall. We really need to start buying altcoins on dips. Remember to allocate some popular currencies. You can consider gradually deploying some popular altcoins at low levels, such as Zen, Usual, Aave, Bome, Ena, etc.
Can I buy at the bottom now?
The altcoin season is really slowly starting to heat up. When Bitcoin falls, the altcoins no longer follow. This is a strong signal. The altcoins currently have a trend of not falling, and even some strong currencies are gradually returning to their previous highs. Remember to allocate some of the popular currencies.
But you also have to choose to enter the market in batches. The more it falls, the more you buy. You can start buying in batches from now on, all the way up to 86,000 US dollars. Don't expect to get it all at once.
Whether you are buying altcoins or Bitcoin now, don’t think about getting rich overnight. After all, no one can predict how long this round of volatility cycle will last. Don’t think that you are so good that you can buy at the bottom of the mountain all at once, because no one knows where the bottom of the mountain is. You can buy in batches so that you can cover your position if it falls and seize this golden time to plan for the golden bull market of altcoins in 2025. Remember that nothing can be achieved overnight.
There are only two types of coins that can make money in this bull market:
First: Mainstream Currency
Second: Strong copycat coins
December is about to end, I don’t know how much everyone has been trapped, it must be a lot. We have been calling for reducing positions in our group since December. We have been communicating within the group this month, but there has been no layout. We have been waiting for our opportunity!
Sectors that need to be paid attention to:
1. Ethereum liquidity staking: I think that since last year, lending directions like AAVE should gradually transition to liquidity staking, and some funds can consider investing in this direction.
2. RWA sector: I still recommend that you hold ONDO in 2024, the returns are quite considerable. This sector is still in the exploration stage, and the price is still in the process of discovery. It is a potential direction worthy of attention.
3. Bitcoin Layer 2: As part of the Bitcoin ecosystem, the second layer has no shortage of popularity, topicality, or capital inflow. You can consider allocating some funds appropriately.
4. NFT sector: NFT is not just digital art, it is also a part of cultural value. With sufficient funds, this field also has considerable growth potential, and related tokens are worth paying attention to.
5. AI+chain games: Although I personally don’t know much about chain games, this is a field worthy of investment, and AI is also a relatively hot sector in this round of bull market, with huge potential in the future.
In short, we may see an explosion of centralized liquidity in 2025, rather than a "fake bull market" dominated by MeMe. I hope everyone can seize the opportunity and make a fortune!