This risk defense alert last night indicated that

Bitcoin will drain liquidity and altcoins will soften a bit!

This position belongs to the normal market differentiation effect; the time nodes must differentiate due to two events!

1: The monthly and yearly moving averages are converging! The capital differentiation before the year-end closing of the yearly moving average is beneficial for the market outlook!

2: BTC is under high pressure consolidation, and the upward effect of altcoin sectors has continuity greater than 5 days. Therefore, it is normal for altcoins without a relay to also experience differentiation and pullback!

3: BTC price action pressure zone, liquidity draining effect!

Two major events to pay attention to in January 2025:

1: FTX compensation expectations (progress is expected in January, with the compensation unit being fiat currency U)

2: The transition of the new U.S. administration (expected time is in mid to late January)