The second half of the bull market is about to arrive. Seize the last opportunity to buy the dip!
Let me be clear, the second half of the bull market is expected to start around mid to late January. This wave of market movement is anticipated to have a one to two-month period of unilateral growth, with the final peak likely falling between $120,000 and $150,000.
Last night on Christmas Eve, the market makers in the U.S. stock market were quite humane, giving retail investors a little sweetness. The Dow Jones, S&P 500, and Nasdaq all saw slight increases, allowing retail investors to make some money and enjoy the holiday. When the holidays are over and complacency returns, the money will be handed back to the market makers, truly killing two birds with one stone.
However, it is important to note that the global economic situation is not optimistic. The village chief of Dongguo has announced a hard stance against the U.S. in the trade war, which will undoubtedly exacerbate the already poor economic conditions. The wave of company bankruptcies may intensify, consumption may downgrade to a norm, and opportunities for making money offline are becoming fewer. The bullets in the crypto space must be cherished and not wasted, because once the bullets are used up, making money offline will become increasingly difficult.
Market Analysis:
BTC was influenced by the rise in U.S. stocks, rebounding to around 99,000 last night with reduced volume, but the volume was insufficient, and a reversal was not formed, remaining in a phase of consolidation and correction. The top divergence is evident, and the upward momentum is weakening. The current support levels are at 95,555 and 92,723, while the resistance level is at 99,000. It is recommended to short near the resistance level, but be sure to set a stop-loss, as the market's activation still requires time.
The 3-day line pattern shows that the current market situation is very similar to the pattern in December 2023. The real upward trend may start in mid to late January. The correction has not yet ended, and a pullback to the 30-day moving average (around 88,000) is a very good opportunity to buy the dip. This is the last chance to buy the dip in a bull market, so don’t miss it!
Finally, let's mention the recently hot Puppies!
As a rising star in the crypto space, Puppies has become the focus of the market under Musk's repeated endorsements. Musk's support, combined with the enthusiasm of the community, has turned this cryptocurrency into a dark horse in the bull market!
The ticket for the bull market has already been issued. Have you gotten on board?