Recently, Bitcoin has continuously broken new highs, and Ethereum has also been rising steadily. The atmosphere of the entire market is moving upward. Ethereum and Ripple have performed relatively strongly, while some other mainstream coins and large altcoins have generally been siphoned away by funds. The market as a whole is waiting for Bitcoin to stabilize before flowing into these currencies.

However, although Bitcoin has been rising all the way, the trading volume has not increased. Judging from the current trend, it is still possible to continue to rise, and the price may even reach 110,000 in the short term.

There is a lot of news this week, especially the last interest rate meeting of the year at 3 am tonight. In this case, I generally do not participate in the market unless I complete a minute-level scalp transaction before 3 o'clock. However, my entry cycle is relatively large, and there may not be much time width, so I will take it one step at a time.

Today's small correction is normal because investors need to avoid risks. The focus of the Federal Reserve's interest rate meeting tonight is no longer a 25 basis point rate cut, but the dot plot and Powell's speech.

The Federal Reserve may only implement 2 to 4 interest rate cuts in 2025. The higher the interest rate in 2025, the higher the probability of a black swan event. The market will also be more worried about the delay of the easing policy, so investors' risk awareness is increasing.

In addition to the interest rate meeting, whether Japan will raise interest rates in December will also be known on the 19th. Although the probability of a rate hike is indeed small, it is normal to seek risk aversion. Moreover, these two events today are very likely to be linked to Christmas next week, so there is no big problem overall.

Altcoins

Altcoins have both opportunities and risks. After the big drop on December 9, the altcoin market experienced 10 days of shock adjustments and recently entered the "secondary test" stage, but the trading volume was small, indicating that the selling pressure was weakened. Although Bitcoin may experience a pullback, altcoins may rise again.

However, it is worth noting that the current market liquidity is poor, the supply of USDT is growing slower than before, and funds are not as abundant as before. Ethereum's performance is relatively weak, which means that there are both opportunities and risks in the altcoin market, so be cautious when investing.

When does the copycat season come?

At present, the performance of most markets is still dominated by Bitcoin, and the bull market of the altcoin season has not yet fully erupted. The altcoin market may continue to rotate and will not start fully until the market sentiment heats up. If you are patient in altcoins, there may be good opportunities next.

Future market outlook

Next year may be the "first year" of the crypto market, with more favorable factors such as compliance concepts, Trump's policies, new legal victories, expansion of technological applications, and the involvement of big funds.

For those of us in the cryptocurrency world, the key is to find "value coins" with potential. We must bravely look for and hold these coins every time they fall, and patiently wait for a bigger rise in the future.

But in the short term, facing the possible retracement risk during the transition period between December and January, we must pay attention to position management! Risk control is always the first priority. There have been many retracements before, and I have seen some friends wash out the car, the price is still the original price, and the position is gone (mainly the leverage part here). I really can't bear to see this happen.

At this stage, we need to pay more attention to strategies rather than being too superstitious about short-term predictions. When the general direction has not changed and the currency you are optimistic about has experienced enough pullbacks, that is when we can take action. But the most difficult thing is not execution, but maintaining patience, especially when the market is volatile.

In fact, most of the targets in the market are not cheap, especially those related to Trump. At this time, there are not many targets that can be selected according to the rhythm of Bitcoin. If you insist on giving priority to ETH, DOGE, and SOL, you can only continue to wait for others.

At this time, Bitcoin has been rising. Your relatives and friends ask you if you have made a fortune, but you are helpless and cannot answer for a while. When buying, you don’t have to follow others, but choose projects that you recognize and understand. If you buy the right one, the subsequent rise is just icing on the cake.