Happy New Year, brothers! We must feast in 2025!
Bitcoin, Ethereum, and altcoins are about to complete the chip cleaning. The washout is nearing its end!
Today's liquidity will be lower than a typical weekend, and this situation should last until the end of this week. Next week, liquidity will gradually return, so for the next few days, BTC's price may still oscillate around $95,000, and we cannot rule out the possibility of increased volatility, but the trend has never changed!
Next is the next phase of this bull market: violent upward movement, violent acceleration. Violent trends belong to BTC, ETH, and altcoins!
The main driving force of the cryptocurrency market still relies on emotions, and the biggest source of emotion is Trump's transition of power. If the election is the first wave, the transition of power is the second wave. The realization of commitments to the cryptocurrency industry will be the third wave. We're currently at the end of the first wave, so from an emotional perspective, the market following Trump's transition will be the start of the next wave!
Next week, it will be two weeks until the handover begins, and we should gradually see some signs. So this current idle time is the most torturous, after all, the future is uncertain. You might say that losing money isn't necessarily tormenting, so right now it's an emotional PVP.
How to determine if ETH is really about to surge?
Watch if ETH can break through 3450 with volume, and then break through 3540 with volume! Since hitting a recent low on the 20th, both ETH and altcoins have had a range of oscillation. The upper limit of ETH's oscillation range is 3540, and each altcoin has its own oscillation range.
The next key point is to observe whether these altcoins can successfully break through this range. Once they do, there will be significant upward space above.
Don't worry about the volume issue; ETH and altcoins will definitely see an increase in volume, and a continuous increase in volume is needed when making breakthroughs.
Currently, it's just a small test. Stay patient, don't be anxious, don't FOMO, just lie flat and wait.
No lengthy analysis today; it's time for us to feast. Don't get left behind at a critical moment. We will finish the battle before the Spring Festival!