December 13, 2024

As expected, the market price fell from 100,000, but then it continued to recover. It can only be said that the probability of this position continuing to fluctuate repeatedly is still very high. It is worth mentioning that when Bitcoin returns to 100,000, the price of the cottage is still basically 80%-90% off the high point. A few strong coins are trying new highs, but from the perspective of funds, the main force of the cottage seems hesitant. For us, the next is a period of market that can be operated in waves.

In fact, there are various good news about BTC now, including BlackRock's BTC spot ETF, which exceeds the scale of gold, which is definitely a milestone for Bitcoin. But for the market, it may not be the case. When good news is flooded, it also means that funds are fully priced in. Once the pace of funds entering the market slows down, the price will also adjust. Therefore, in the general direction, when various big names predict the price of BTC to 1 million US dollars, it is worth our vigilance.

In the short term, it is mainly the impact of Christmas. Due to the consensus of the market, this major Western holiday has always caused capital outflows, and reflexivity will at least cause the market to fall into a relatively stagnant state. Including looking at the operations of some project parties, the announcement of major events is also put in January. In any case, we can follow the defense. Even if there is no decline around Christmas, the probability of a big rise is relatively small.

In terms of sectors, DeFi is still relatively strong, including ETH, which quickly came to around 3900, which means that the funds of the Ethereum system have not withdrawn. If the expected Christmas market does appear next, leading to a slight decline, especially if there are three bottoming outs at the daily level (BTC 90,000, ETH 3500), it is still a good time for us to enter the market again.

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