During this Christmas rebound, the total open interest in Bitcoin futures is declining, but the price is rising sharply, indicating that this is entirely driven by spot trading; it is speculated that we will soon see large holders purchasing a substantial amount of spot BTC during the Christmas period...
If I insist that this is the effect brought by trends, many may dismiss it. So, let me rephrase: it is very likely that some investors have accepted that the Federal Reserve will only cut interest rates twice in 2025. After all, from the conclusion, after Powell's speech, BTC's price can still maintain above $100,000, indicating that investors are starting to accept this outcome. The core PCE before Christmas is also a tool to save sentiment. The support level has not changed; the support between $95,000 and $100,000 remains very solid. Unless there are significant negative factors, I strongly advise against shorting. Although there are many spikes in a bull market, prices recover very quickly; no one should doubt that we are in a bull market now, even if it only belongs to Bitcoin.
1. If the pullback breaks below 92520, the downward support levels are around 89600 and 83800;
2. If the pullback does not break below 92520, a new round of upward movement may have already started from 92520;
3. The upper resistance levels are the integer barrier of 100,000 and around 102200;
4. After this adjustment, it will continue to rise; this major direction has not changed.
During this period, pay close attention to the performance of ETH and SOL, exchange rates: BTCD, E/B, S/B.
The secondary market shows signs of warming up under the leadership of the Grayscale sector zen. We will continue to hold firmly, employing a strategy of buying small on minor dips and buying large on major dips.
Many altcoins are starting to rebound, and this wave of altcoin season should begin now, so it's the best time to play with altcoins. I expect that in the next few days this week, altcoins will start to go wild, with strong sectors like meme, rwa, and Trump concept coins all taking off. In fact, last night the AI agent already showed some movement:
1. AI agent
fartcoin skyrocketed by 60%, with FDV surpassing 1.3 billion. ai16z broke 1 billion, and zerebro, alch, arc, etc., have all seen increases of around 30%. I previously mentioned that this sector would produce at least 3 super large blue chips worth 10 billion. Now virtual is already at 3 billion, and fartcoin and ai16z have a 10x space to reach 10 billion. The early leaders goat and act have now fallen behind, with FDV only at 490 million and 320 million. These two should also have strong explosive power later, with 10x upside potential.
2. Trump concept coins
The recent rise of COW was completely driven by Trump's WLFI, and it has now outperformed super aggregators like 1inch, PSP, and CETUS, with FDV exceeding 1.1 billion. Other Trump concept coins include AAVE, LINK, ENA, ONDO, etc.
3. Grayscale Select:
ZEN has risen 5-6 times in recent days, and this project is now under Grayscale's control. On the surface, Grayscale holds 5.6% of the total amount of ZEN, but in reality, it will only be more. Other Grayscale concept coins have also risen recently, such as BAT, LPT, ZEC, etc., with last night's increases exceeding 10%;
4. BlackRock Select
Many are also riding on BlackRock's coattails, with fxs skyrocketing by 30%, and ENA, ONDO, USUAL showing strong performance; they are basically RWA sector blue-chip coins, with SEC candidate concepts and RSR rising by 15%.
