New Year's Day is here, I wish you all a happy new year! Although everyone likes to make New Year's wishes in Moments, Bingtang would like to remind you not to treat Moments as a wishing pool, otherwise you may make the same wish next year, and the result can only be "making wishes every year, and losing every year".
Back to the topic, 2024 is full of challenges and opportunities for the pie circle market. From the sprint to the high point to the decline and adjustment, the market fluctuations are magnificent. The annual line ended below 100k. Although the result was a needle, it does not mean that it will stop there.
The needle means that the market may experience a wave of downward liquidity plundering and replenishment. From the annual line, Bingtang personally hopes to replenish to around 70k, but this is just an expectation. The specific situation depends on how the market develops. At present, it is still temporarily focused on the position near 85k and remain cautiously optimistic.
Looking at the monthly line again, the closing of the negative in December can be said to be a good result. As Bingtang said earlier, the market of the pie is a volatile pattern. And the trend in December was just as expected, and it went out of a complex volatile market.
The closing of the monthly line formed the high and low points of December, and also formed a liquidity gap, with prices between 90k and 73.7k. It can be expected that the December low point is likely to be plundered. After the plunder, the next step of the market depends on how much liquidity can be obtained. Therefore, Bingtang personally still favors the support near 85k. The later goal is naturally to continue to move towards a new high, so Bingtang is optimistic about the rhythm of falling first and then rising.
In the short term, the price of big cake may fluctuate around 95k in the near future, and the fluctuation range may even increase. However, from the overall trend, the trend has not changed. The recent trading volume and price fluctuations have made many retail investors pessimistic about the market in early 2025.
The main reason is that liquidity is constrained by the Fed's policy, and the price of the US dollar is now at the highs of 2023 and 2024, and even close to the highs of 2022. So if the Fed does not change its position, the momentum of the market in the short term will still come more from market sentiment.
