Explosive market surge, Bitcoin counterattacking to $100,000, altcoins soaring after the holiday, how to layout?

Original by Classmate Cilantro

December 24, 2024, 23:17, Hong Kong, China. Listen to the full text.

Tuesday, Christmas, wish everyone a happy holiday. The good news is that this year's Christmas has not turned into a Christmas disaster; the crypto market is recovering across the board, and BTC is stabilizing above $94k. Bitcoin's price has slightly dropped for three days, completing the filling of the lower shadow line. Yesterday's doji and today's small bullish line are positive signals, indicating that the bulls are starting to counterattack. Looking from the 1H to 4H range, although the price has not broken through the upper multiple short-term resistance, the K-line pattern is initially showing a departure from the bottom structure, and the pressure has significantly eased compared to the previous period. If the price can maintain above $94,000 by tomorrow afternoon, there will be broader performance space.

If Bitcoin breaks through $100,000, the cumulative short liquidation intensity on mainstream CEX will reach 863 million. Conversely, if Bitcoin drops below $93,000, the cumulative long liquidation intensity on mainstream CEX will reach 1.434 billion. This time we are aiming for $100,000, it won't drop further, no doubt about it!

Short-term support at 95240~94660 (watch the market), short-term resistance at 98320~99633 (breaking through with volume indicates that the price has completed a small-scale bottoming and will return to bullish; secondary retest can be entered), second support at 91346~90338 (alternative), second resistance at 103688~105122.

Let’s talk about when the altcoin season will actually come?

A heart-wrenching statement: No matter how much BTC rises, it has nothing to do with the majority of people because retail investors can hardly afford a whole BTC; most people hold altcoins, and the altcoin market affects everyone's wallet! In the chart of the market starting in 2021, we can see that a major market starts with a small altcoin market followed by a slight adjustment before the second wave of a large altcoin market!

Currently, this market trend has lasted for three months, and BTC has reached a critical position of $100,000, urgently needing adjustment, while the market share has also declined. After about four weeks of fluctuation, the adjustment time is now in place, which also provides a foundation for the altcoin explosion. Perhaps the altcoin season is on the way!

Bitcoin and Altcoin Bull Market Index

We can clearly see that after the altcoin bull market index rose to the 90 mark, it has currently retreated to around 50, and is now supported, moving towards a key resistance level. The upward trend line of the altcoin bull market index remains intact and has not been broken by the downturn. All of this is likely to happen in January after Christmas, and the post-New Year period will be a quarter worth looking forward to.

Currently, Bitcoin's market capitalization accounts for 56.3%, and it has not yet fallen below 50%. After every Christmas, we see Bitcoin's market capitalization drop quickly and eventually fall below 50%, being replaced by altcoins, which will also usher in a bull market for altcoins, a bull market that retail investors are looking forward to, bringing huge wealth effects.

After every Christmas, we see Bitcoin's market capitalization quickly drop and eventually fall below 50%, being replaced by altcoin market capitalization, which will also usher in an altcoin bull market, a bull market that retail investors are looking forward to, bringing huge wealth effects here.

Finally, I will summarize the sectors that look promising for the market. Friends who don't know how to approach can refer to this. If you have any questions, feel free to add me on WeChat.

Grayscale Sector: ZEN, LPT (currently heavily invested)

SEC Sector: RSR, DYDX, ZRX (moderately invested)

Trump Family: ONDO, ENA, LINK (planning to build a position)

Payment Sector: XRP, ALGO, XLM, HBARADA (lightly invested)

Musk is optimistic: DOGE (moderately invested)

The overall strategy is still to go long on the new US government and to buy low market cap value coins with concepts. Right now, don't do anything foolish, thinking you can just run away after making a little profit from the projects in hand. This will make you miss the biggest dividend period of this bull market.

That's all for today. During the bull market phase, many people hope to make a transition. If you really can't manage in the crypto space, don't force yourself. Come find me for guidance, understand the latest information, layout your strategy, embrace the bull market, improve your win rate, and say goodbye to being stuck at high positions.