How to view the cryptocurrency market moving forward:

1. The current pullback is an adjustment within a bull market, lasting approximately 10 days and nearing its end. The season for altcoins has arrived, but a collective breakout has not yet occurred. The market is waiting for Bitcoin and Ethereum to lead; currently, only a few individual coins have started their upward movement, while the majority of altcoins have not yet officially welcomed an increase and are still in a sideways consolidation phase. The market is awaiting a signal for Ethereum's counterattack.

2. Technical analysis: Various technical indicators for BTC (such as MACD, channel, KDJ, etc.) have fallen to low points, and there has been no volume increase during the downward movement. If the current support level can hold, the chances of a rebound will increase.

3. Fund flow: A large amount of capital has already been observed entering the bottom area for bargain hunting, providing support for the upcoming rebound.

4. News front: Trump is expected to take office at the end of January, which may bring more policy changes and positive expectations to the cryptocurrency market. The staking feature for Ethereum is expected to be launched after Trump takes office, which will further enhance Ethereum's appeal, likely attracting a large amount of buying. Staking applications are expected to surge starting in January. Meanwhile, ahead of the Christmas holiday, approximately $131 million has flowed into the market, indicating that institutional investors are also looking forward to the activation of the staking feature.