Yesterday's crypto market was like a small roller coaster ride, BTC shook the market slightly, and those market makers wanted to pull the price back, but they failed.
Currently, Bitcoin's trend is still quite tangled. Overall, the shape is still relatively weak, with a top embryonic form. From the daily chart perspective, the 90k line can serve as the watershed for Q1 market strength.
As we all know, the main driving funds in this bull market are from U.S. capital:
Currently, the U.S. is still on holiday (Christmas → New Year), which indicates that the liquidity is very scarce, especially on weekends.
Whether from the U.S. stock market or the cryptocurrency market, we can see that the trading volume and volatility are relatively small. Such a market is quite common at the end of the year, as there are a lot of settlements at the year-end, whether for holiday sales or company accounting, so this drop can be considered reasonable and does not have a significant impact on the trend.
If you're interested, you can look back at the past year-end markets, which are generally quite tangled. Except for 2020, which had a monotonous upward trend, other years were oscillating markets. The real breakthrough trends usually appear in January of the following year, so there's no need to pay too much attention to the market these days; just stay calm.
As for whether altcoins can stand independently, a clearer observation result may appear between the end of this month and the beginning of next month.
The market is expected to have a phased direction from the end of this month to early January 2025:
The market actually started in mid-October, right after the trading related to Trump's election. From expectation to realization, it has been about two months of rising. If you want to say a little earlier, it started in mid-September, meaning it has been rising for three months. Now that this phase is over, it lacks a narrative, so it can only enter a similar oscillation cycle.
At present, the overall market is still oscillating around the previous low, based on not breaking the previous low. A large part of altcoins is actually in the daily chart's pullback range doing low-level oscillation.
Remember, when the price is low, we buy; when it's high, we wait. Don't rush to sell everything. This way, we won't fear rises or falls, and our mindset will be as steady as Mount Tai! In trading, don't be too anxious; don't get excited and jump in. Have a plan and take it slow.
Trump will officially take office on January 20, 2025. Only after taking office can he truly implement policies decisively. Therefore, 2024 can already be considered a bull market for cryptocurrency. Take some time to reflect; otherwise, if a bear market comes, you might lose even more. The next bull market could also be a busy event... Many legendary stories have emerged this time; it's worth referring to and learning, seeing if it suits you, taking the essence and discarding the dross. Learning is endless!
Looking at the data analysis, the upcoming market may take a break, but don't be anxious:
In the long term, the upward little train is still steadily on the tracks. For friends holding coins for the long term, if you plan to sell next year, don’t impulsively short! The market in January next year will definitely not be bad, as Trump will be in office on January 20, and the cryptocurrency market may welcome an unprecedented super bull.
Casual talk about the market:
Any analysis now is not very meaningful; no analysis will accurately tell you what will happen in the next second. This round of market is very difficult, and the holding experience is poor. What exactly is poor?
99.5% of the holding time is in a loss state, and 0.5% is the time for a pump. Finally, only 0.1% of the time is left for retail investors to escape. If you don't escape, you'll be deep in discussion about being stuck. The recent pump was crazy, and looking back now, if you didn't escape then, you will have to invest again.
Washed and tested, testing while washing, deceived countless times, only the last time is real. If you can't grasp it well, you can't escape. This year's market is difficult precisely because of this.
This year's market is difficult to operate, and the pace is fast. We'll talk about this fast pace feature later. Currently, the control rate of altcoins is very high, and there is no better way than to wait for spot.
2024 is about to end, and 2025 will definitely be a year of a big bull market. We are currently in a short-term winter within a bull market, but after enduring it, we will welcome an explosive super bull market. Still, the same saying: refuse contract leverage, hold spot steadily, and you will surely become a winner in this bull market. Lastly, I wish everyone a great profit in 2025.