The current market's pullback situation and trend, if we want to compare it with historical trends, we might as well set the conditions broadly, so we can obtain more data for reference.

After careful comparison, the current market situation shows a certain similarity to eight historical periods. Among these, only one period subsequently plunged into a bear market within a month; another period entered a bear market trajectory more than a month later.

The remaining six periods, however, showed a more optimistic market performance, with each able to sustain an upward trend for at least a month before entering a sideways phase, with the most remarkable one even having a continuous increase for five months.

If we further tighten the comparison conditions, from the current perspective, the current trend is more similar to the period from December 2021 to the following January.

In light of this, I personally still firmly believe that the bull market continues. Of course, the market is unpredictable, so we need to pay close attention moving forward.

If the market trends in January and February diverge from expectations, then adopting a half-position holding of Bitcoin and a 'lying flat' observation strategy would be a wise move.

Looking ahead to the 2025 market, based on my personal judgment, considering the entire year, it should not be time to clear positions before the first half of the year, so one can confidently hold positions and wait for the right opportunity.

If you want to delve deeper into the crypto space but find yourself lost, and want to quickly understand the information gap, whether it's contracts or spot trading, you can 👉 check my profile for more information.