I believe everyone is quite confused about the current market, so let's talk about it

This morning, Bitcoin and Ethereum surged wildly, with Bitcoin breaking through new highs again. However, the major altcoins seem to be very weak; not only did they fail to make a breakthrough, but when Bitcoin dipped slightly, the altcoins plummeted.

I believe that apart from those in contracts, how many people really hold Bitcoin and Ethereum in spot? So today's surge seems to have nothing to do with us, rather, its slight drop puts our spot holdings in jeopardy.

Speaking of Christmas, if the U.S. stock market cannot continue to rise this week, our altcoins will be even more at risk.

It seems that all we can do now is passively hold. Cutting losses is clearly an ambiguous choice. There will definitely be some good news before Trump takes office, and then we will have the initiative in our hands.

On the subject of contracts, both going long and going short are risky. The U.S. is approaching year-end, and many people will definitely choose to sell their coins to prepare for the New Year. Unless we see a short-term bottom, blindly going long will truly be like drawing water with a basket, a total waste.

Currently, we can clearly know that the bottom for Bitcoin is at 94,000.