Yesterday was New Year's Day, and the US stock market was closed. The market trend has been relatively flat so far, just as Mr. Crab mentioned before, the current market is following the US stock market. So with the US stock market closed for a day, the cryptocurrency market also had a quiet day. Tonight, the US stock market is expected to open normally, and Mr. Crab feels that there won't be any major movements in the market, after all, the real holiday for Americans ends on January 6.
Starting next week, many American institutions and whales will begin to resume work, and at that time, market liquidity will gradually recover, and we will also welcome the expected market movements with Trump taking office.
Bitcoin is still frequently fluctuating in the range of 92,000 to 96,000. As for the market direction, we still need to observe the emotions of the US stock market tonight. There will be the release of the unemployment rate in the U.S. on January 10, and the expected value has not yet come out, but the unemployment data will definitely look good. However, before the announcement, whether there will be a risk-averse sentiment in the market is something I personally feel will have no significant impact, after all, there will only be 10 days left until Trump takes office.
Although the secondary market for altcoins is not strong, the memes on the blockchain are blooming, giving birth to many projects with a market value of nearly 100 million. If you miss the first wave, you can research and look for previous cases, wait for the projects to pull back, and seize the opportunity for the second wave of growth. Remember not to bet a lot, especially with AI-related MEMEs. After Musk changed his name back from 'Kekius Maximus' to 'Elon Musk' in the early hours, all relevant concept memes immediately retraced. Such memes do not have a follow-up and are not sustainable, so everyone should remain cautious. If you participate, make sure to act quickly.
