According to ChainCatcher, 10x Research pointed out in its latest report that the cryptocurrency trading environment is complex and changeable during the December 2024 FOMC meeting and the holiday season, but there are still profit opportunities.
Bitcoin is in a consolidation phase during this period, providing a strategic positioning opportunity. The market is expected to perform positively at the beginning of the year, but there may be a slight correction before the release of CPI data on January 15.
From January to mid-November 2024, Bitcoin dominance rose from 50% to 60%, creating resistance to altcoin performance. Although dominance briefly dropped to 53%, it quickly rebounded to 58% and consolidated around 55%.
