Currently, the trend of Bitcoin is still in a phase of oscillatory repair, and there are no strong upward signals shown on the weekly chart. It is expected that the oscillating market will continue for a while in the short term. However, the monthly chart shows signs of upward movement, suggesting that there may be a new breakthrough after the repair. From the overall trend, Bitcoin's short-term consolidation is nearing its end, and it is expected to soon enter the next wave of upward movement.
Ethereum's current trend is relatively weak, mainly influenced by Bitcoin, and performs slightly worse than BTC. There are no significant signs of an increase on the daily and weekly charts, so it is expected to remain in a consolidating market this week. Currently, Ethereum's price is at a relatively low position, with considerable potential for future gains, and a good return is expected in January. It is recommended to continue holding and wait patiently.
Mainstream Coin Analysis:
BNB: BNB is currently in a phase of oscillatory consolidation, with the overall trend mainly linked to the market index, and it is difficult to see significant fluctuations in the short term.
XRP: The price of Ripple is still at a relatively high position, and the oscillating market may continue for a while. It is recommended to hold patiently and wait for a rebound opportunity.
SOL: The price of SOL has recently retreated and may continue to consolidate in the short term. Continue to hold and wait for a rebound.
DOGE: The trend of Dogecoin is relatively weak, and oscillating market conditions are expected to persist for a long time.
BCH: The pullback of BCH is nearing the bottom, and historically BCH has performed well in bull markets; this bull market is expected to break historical highs.
AR: The pullback of AR is relatively large, but considering its potential, spot holders can hold steady and wait for a significant rebound opportunity.
UNI: From the monthly chart, the consolidation of UNI is nearing its end, and a rebound may follow.
Summary:
Currently, the overall market is undergoing oscillatory repair, with mainstream coins and most altcoins having retraced to relatively low points. There is some panic in the market, with many investors worried about whether the bull market still exists and when it will rebound. However, considering the current overall situation of the crypto market, the situation is not as pessimistic as many imagine. The December pullback is merely a short-term adjustment, presenting a potential entry opportunity. From a longer-term perspective, the market has mostly been in a consolidation phase, and it is still in the mid-term of a bull market, with prices yet to reach the final breakout peak.
For retail investors, the current strategy is to stabilize their positions, buy on dips, and wait for the bull market peak to sell. At this stage, except for increasing positions, one should observe the market changes without frequently adjusting positions. Frequent position changes are a major taboo in the crypto market. The current outbreak phase of the bull market will exceed many people's expectations; let’s patiently wait and witness the market's explosion over time.
