In recent days, US institutions and investors have been on an extended holiday, leading to a general lack of liquidity in the crypto market. Bitcoin is fluctuating around $99,000, while Ethereum is fluctuating around $3,462.
It can be seen that both Bitcoin and Ethereum are experiencing a decline in trading volume. The upcoming trend may be dominated by market sentiment due to insufficient liquidity. We need to pay close attention to the Asian market; if the Asian market can stabilize, prices will not fluctuate significantly. However, if the Asian market begins to panic and sell off, this Christmas may not be very peaceful.
The market trend is expected to last until around January 6.
However, from the perspective of market sentiment, after Powell's hawkish remarks, Bitcoin's ability to fluctuate around $100,000 indicates that the market is gradually accepting the expectation that the Federal Reserve will only cut interest rates twice in 2025. I believe this is actually a good opportunity to accumulate Bitcoin, as the market is in a phase of consolidation and accumulation. Bitcoin has recovered half of its decline and is now stuck at the $100,000 level. Once it breaks through, this round of correction may come to an end.
Next, Bitcoin will continue to push towards new highs between $110,000 and $120,000. It is expected that after Trump takes office next year, Bitcoin will quickly rise to $200,000.
Every time Bitcoin experiences a significant correction, many people think it is the last chance to escape, but in reality, it may be the last opportunity to get on board. As the saying goes, 'It's hard to buy a bull's reversal for a thousand gold coins.'
