Merry Christmas everyone! The trend on this Christmas Eve may have surprised many. The US stock market seems to have been enchanted with magical powers, rapidly rising after opening. Bitcoin is also not to be outdone; within 24 hours, the price of BTC rebounded over $6000 from its low to high, almost breaking the $100,000 mark again, and even altcoins have shown a decent upward trend. We discussed this topic yesterday; the onset of altcoin season is undoubtedly due to a combination of sentiment and overflowing capital. This means that the price of BTC may slowly rise, at least in an upward trend, and ETH must maintain its upward momentum. The former brings market sentiment, while the latter provides capital support. Altcoin season is definitely coming and is already within reach. The arrival of altcoin season does not mean BTC has peaked; on the contrary, BTC often has a rise of over 50%. However, at this time, altcoins will rise even more vigorously. So, don’t rush; a big market is divided into two phases, the first phase has already passed, and the second phase is about to unfold, and this second phase is when altcoins will be the craziest, which is the so-called altcoin season. I firmly believe that altcoin season will definitely start; it’s just a matter of time. For this reason, up to now, I still have not reduced my positions in altcoins, and in fact, I have slightly increased them in the past two days.
How will the market trend develop in the days leading up to Christmas?
Speaking of Bitcoin, I personally believe it may fluctuate between $94,000 and $100,000. Although market sentiment is still somewhat tense, the atmosphere of panic has diminished significantly. To break the current deadlock, there must be a large transaction volume of real money. Although Bitcoin has not smoothly broken through $110,000 this time, the overall direction is already determined. This wave of Bitcoin has indeed been oversold along with altcoins, and now it is the Christmas season for major players in Europe and the United States, with little action from big capital today. While it may not rise significantly, it also won’t plummet. Therefore, various altcoin leaders can take advantage of this time to rally at a lower cost, with not much risk of black swans.
Looking at the big brother of altcoins, Ethereum (ETH), it is indeed majestic, leading a group of little brothers into battle, and the entire market seems to be gradually warming up. I think Ethereum will hover between $3200 and $3700, and its trend may even be more stable than Bitcoin. It is reported that institutional ETFs made significant purchases last night, indicating that institutional giants are still optimistic about Ethereum's future.
I need to remind everyone that the pace of this bull market will be very fast. This round of the bull market can be said to have the worst holding experience ever, except for Bitcoin. 99% of the time, investors are in a state of floating losses or holding onto their positions, with only 1% of the time in a rally, and the rally periods are extremely short and rapid. In previous articles, I repeatedly reminded everyone that this bull market will have a fast pace, mainly referring to the pace of the rally. Once the rally begins, the pace will also be very fast; do not have limitations in your mindset, and do not harbor illusions.
Since Trump was elected, why has there been a bull market? Why has Ethereum risen? Why have altcoins emerged?
From various dimensions, I have analyzed all the content that needs to be analyzed. Everyone can review the previous articles. Currently, ETH cannot yet be considered as truly rallying; it will only enter the rally stage when it continuously expands in volume and increases in price. A real rally is characterized by continuous volume growth and an increase in both volume and price, and the speed will be very fast.
In this cycle, the competition between retail investors and big players is extremely fierce. The vast majority of people cannot wait for that 1% rally time, and among those who do, most do not know when to run. Once ETH begins to rally, the entire pace will become very fast. At the bottom, one needs to overcome fear, and at the top, one needs to overcome greed. When it's time to run, I will notify everyone in the community immediately; when it's time to run, do not hesitate. Where there is volatility, there is great opportunity; next year's bull market will be much better than today, and the volatility will be even more intense, with washouts being an inevitable part of the process. In this market environment, without a bit of patience and belief, it is very difficult to truly make money.
