Today's Market Trend Analysis and Trading Suggestions!

Hello friends, good afternoon! Looking back at yesterday's market analysis, our prediction that BTC might see a slight decline and test the $93,000 level has basically come true. So, how will the market perform today? Will it continue to test the lows? Let's discuss!

First of all, last week the overseas market was quiet due to the Christmas holiday, with low trading activity and liquidity. However, this week everyone has returned to work, and a larger market fluctuation is expected. Currently, the yield on 10-year U.S. Treasury bonds has surged, hovering at a seven-month high, while the U.S. dollar index has risen for the fourth consecutive week, stabilizing above the 108 mark, all of which puts certain pressure on BTC.

However, from on-chain data, a positive signal is emerging: from yesterday to today, the BTC inventory on Binance has decreased, but one address has purchased 2,400 BTC from Binance in the past few days, worth up to $250 million. The current BTC inventory has returned to the level of December 25.

What goes up must come down; we have noticed signs of a pullback in U.S. Treasury yields and the dollar index. Once the turnover time for BTC is in place, ETF funds will continue to flow in, and BTC is expected to break through the $100,000 mark again. At the same time, altcoins will also follow suit, with more altcoins expected to rise by more than 20% to 50%.

Trading Suggestion: The current market is highly volatile, and it is recommended to focus on spot trading and be cautious with contracts! Ensure that the principal is not at risk while seeking steady gains!

Focus on accumulating Ethereum and SOL at lower prices, as their future performance is likely to be stronger than Bitcoin's.