This year's Christmas did not turn into a Christmas disaster. The crypto market is warming up across the board. After testing twice, Bitcoin reached a high of around 99,500 last night, bringing a 'green Christmas gift' to global Bitcoin bulls.

Looking at the big brother of altcoins, Ethereum, it is also magnificent, leading a group of younger brothers into battle, and the entire market seems to be warming up. Currently, the price of Bitcoin has slightly retreated and is stabilizing around the 98,000 USD level.

However, this low-volume rebound in Bitcoin is not a healthy trend. The overall market demand is insufficient, and the future needs to observe the volume situation. If the low volume continues, it will be difficult to maintain the rebound trend. The U.S. stock market is closed today, and market fluctuations are minimal. The real supply-demand situation will only be revealed after the U.S. stock market opens.

Regarding altcoins, the linked trends and the capital side have seen some recovery, but overall market enthusiasm for speculation is not high, and the profit-making effect is not strong. It was unclear last night whether altcoins boosted Bitcoin or Bitcoin boosted altcoins, but it doesn't matter now. Market sentiment and confidence have been restored, with Bitcoin fluctuating around 100,000, but altcoins have already taken off.

How will the market develop during these days of Christmas?

Currently, BTC has rebounded to the 98,000 level. Starting from the 23rd, ETH did not follow the decline, and last night BTC surged. But now is a time of extremely low liquidity, and U.S. stock markets are closed tonight. It won't be until after New Year's Day that real liquidity returns. During this period, with low liquidity, even a slight negative news could crash BTC, and if altcoins follow the decline, that would be a bottom-fishing opportunity, but whether BTC will crash depends on market sentiment. After New Year's Day, speculation will begin regarding the inauguration of the new president.

In the short term, Bitcoin is expected to hover between 94,000 and 100,000 USD. Although market sentiment is still somewhat tense, the panic has eased significantly. To break the current deadlock, genuine large trading volumes are necessary!

Overall, in the past two weeks, we should enter a monkey market, with coin prices fluctuating. So, be patient for a few more days and wait for the official start of the market!

Everyone is talking about the altcoin season. Has the altcoin season arrived?

In fact, whether it's Bitcoin or altcoins, they are currently showing a linked trend as mentioned above, but it is not a healthy trend. The overall market demand is insufficient, and liquidity is indeed low, so we still need to wait for the new market for the altcoin season.

The starting point for the new market is expected to occur in early January 2025. January is a new beginning for Wall Street institutions, so the likelihood of major moves in January will also increase. North American retail investors will return to the crypto market after the holidays, and on the 6th of the month, FTX will start the first batch of compensation, expected to be around 16 billion USD. Objectively, most of this capital will flow back into altcoins. The price of Bitcoin at this position is not very cost-effective for laying in wait, so in the eyes of those affected, receiving these compensation funds, Ethereum and leading altcoins are likely to be their chosen targets.

Next is the well-known inauguration of Trump on January 20. With a series of economic stimuli, including whether Trump can fulfill crypto policy easing and Bitcoin becoming the strategic reserve of the U.S., this is what we look forward to. Therefore, from the perspective of early layout, if given the opportunity recently, in addition to the FTX concept, the Trump concept and Musk concept will become the main theme of January next year.

Yesterday it was also mentioned in the article that phased layout is currently a good bottom-fishing strategy, where orders can be placed in advance at corresponding positions. If you buy, just hold on. This past month should be the last opportunity to bottom out in this bull market.

In the coming months, if you are a retail investor considering buying Bitcoin or Ethereum, Ethereum may perform better. As for altcoins, it is advisable to hold physical assets boldly, especially those coins that have not yet rebounded significantly, as they may perform well in the upcoming bull market.

Additionally, I remind everyone, do not trade contracts, do not trade contracts, do not trade contracts!

The market is beginning to stabilize gradually, and altcoins may welcome a second wave of rises. Here are some major tracks worth paying attention to:

Trump/Musk related tokens: AAVE, LINK, COW, DOGE

Innovative projects: ENA, USUAL, HYPE

Sector rotation: AI, DEPIN, MEME, and NFT fields have huge potential. Related projects include: FET, TAO, VIRTAL, JASMY, HMT, XYO, PEPE

The NFT market is recovering, with current hot projects: PENGU, APE

Grayscale's carefully selected assets can also be paid attention to, as they have been performing well recently. Let's take a look at what altcoins are under the Grayscale concept.

US concepts: XRP, SOL, SUI, LINK, LTC, UNI

Grayscale Holdings: ETH, ETC, LTC, BCH, SOL, XLM, ZEN, LINK, ZEC, MANA, LPT, (ENA, DOGE)

Currently, the most important thing for us is to focus on the bottom-fishing targets, hold good chips in hand, and wait patiently for the beginning of the year when Trump takes office, with crypto policies intensively rolled out. In the first half of 2025, the Federal Reserve is expected to cut interest rates, and more countries will treat Bitcoin as a reserve asset, waiting for the long-awaited altcoins to experience a major explosion.