Bitcoin is still fluctuating in the range of 92500 - 99500. At this moment, the 3-day MACD death cross is returning to the 0 axis.
The large net inflows of funds into FBTC and ARKB the day before yesterday were short-lived. Yesterday, FBTC and ARKB once again experienced large net outflows, with net outflows of $208 million and $113 million respectively. Market liquidity has also further deteriorated.
Yesterday, the Bitcoin premium index once dropped to -0.27%. Negative factors dominated the market, so Bitcoin fell sharply yesterday after a brief rebound. Bitcoin may rebound in the short term, but it is not yet time for a reversal.
Bitcoin has been trading sideways around 40K-48K for about 70 days, and around 60K-70K for nearly 250 days. Now a new garbage sideways period is coming again. Combined with Trump's inauguration on January 20, 2025, there is probably no big market before the New Year.
Bitcoin decentralization yesterday, many altcoins are as weak as mud. At this time, we still need to stick to good and high-quality strong currencies and let go of those weak junk currencies. At present, many altcoins have stopped falling, and the bottom range has been formed. No matter how it adjusts in January, it is the last chance for everyone to get on board. Here are some good bargain hunting targets:
RSS3
You can go all in directly at the current price of around 0.13. The price is at a low level, and the bottom is obviously accumulating funds. This coin has a surge in the first quarter every year, and it does not follow the market. The pattern shows signs of a breakthrough and reversal, so you can use 15%-20% risk in exchange for more than 70% profit, which is very cost-effective!
HYPE
HYPE is approaching the 23-25 support range, and you can try to buy in this range for swing trading. The stop loss is when the 4-hour K-line closes below $20.
Whenever the altcoins rise sharply, there are always many newcomers who hesitate whether to chase the highs; whenever they fall sharply, there are also many newcomers who ask whether to sell at a loss. Since you regret not getting on board at a low point, why are you hesitating now that the opportunity to get on board has come? The currencies on the current increase list, as long as they have contracts, basically have negative rates, and the values are quite high. This shows that people do not have high expectations for the market in the short term. Whenever there are high negative rates continuously, it is a sign that the market is coming.
The current cryptocurrency market is quite similar to last year, with a wave of declines that triggered panic, followed by a wave of rapid increases. Currently, a wave of declines and panics have already occurred, and it remains to be seen whether a wave of increases will begin. By then, it is expected that the increase will be very fast, perhaps only ten days or half a month. By then, we will see which series of altcoins will perform well.
Enter the market now, and gold is everywhere. 2024 is coming to an end, and 2025 will definitely be the year of the big bull market. The short-term cold winter in the bull market will usher in a huge explosion of the super bull market after surviving it. It is still the same sentence: refuse contract leverage, hold the spot steadily, and you will definitely be a winner in this round of bull market. Finally, I wish you all a lot of money in 2025.
