In the past 24 hours, the entire network has seen a liquidation of US$1.023 billion, with more than 300,000 people having their positions liquidated. Cherish your life and stay away from contracts. Spot users have nothing to worry about. Be prepared to wait for the adjustment time. After the adjustment, it will still be a time for meme, ai, defi, and public chains to rebound more brightly.
There is not much to say about the long cycle of Bitcoin. The bull market cycle is still there, and we are still very optimistic about next year's market.
Bitcoin has a clear support signal near 95,000. Don’t make any aggressive trading operations from the weekend to Christmas next week. After all, foreigners will be on holiday soon.
Then look at events that affect sentiment, that is, macro and fundamental factors: there is also PCE data tonight. In fact, Powell’s previous speech has been very clear that there is unlikely to be a rate cut in January. It just depends on how the market interprets the data. The negative news will not be that bad.
The weekend is coming soon, and there will be no liquidity then. Following that, on the 23rd, MSTR will officially enter the Nasdaq 100; this is a solid positive for capital. I hope this can stimulate the market sentiment positively, and then right away on the 24th and 25th (Christmas), the US stock market will be closed.
As long as there are no negative news during these days around Christmas, BTC can still safely get through. If the sentiment is bad at this time point, the market may test the bottom again.
The above is an expectation from now until Christmas; we will see if positive news can be revealed in these days to influence the market.
Remember the days of being beaten; you can't just be beaten for nothing. This is the time to reflect on the overall experience from November. Did you reduce your positions in a timely manner when making profits? Many doubled in November; did you withdraw your principal in time? Is your position control in place? If you have suffered significant losses to your principal, then you need to think carefully. So far, our biggest loss is that profits will be given back, which is unavoidable. As long as you participate in the market, there will be fluctuations. The bottom line is that you shouldn’t be deeply trapped in your principal, so that you have a chance to reverse.
Most of this round of altcoins is only 3-5 times better; Ethereum has not yet broken new highs, and the bull market will not end so easily. Today, Trump's family is still increasing positions around 3500; altcoins have not yet seen the myth of the last round of Shiba Inu. I firmly believe this is not the top of the bull market. Waiting for three years is not easy. Remember not to trade contracts; the decline in a bull market only clears leverage to keep the car light. Future risks have not yet been eliminated, and I expect that the dawn will come after Christmas!
In the past two days, I've heard many people say that there will be no more altcoin seasons in the future. BTC players have changed, and ETFs have entered the market, so in the future, there will only be BTC. Does everyone often hear such statements?
In the long term, Bitcoin spot ETFs will guide hundreds of millions of people into the crypto market, but how could it be that these people only buy Bitcoin and completely avoid investing in any other assets? After one token rises, funds will quickly flow into similar tokens in hopes of capturing the next wave of gains. This is the natural behavior of the market, existing in both ancient traditional speculation markets and emerging crypto speculation markets.
This is common sense; all professional speculation market cycles are controlled and characterized by such simple logic.
It is this kind of pattern that leads to the so-called altcoin season; behind this is human nature. Even with a powerful ETF, does human nature stop chasing prices and panic selling?
In short: the accelerated inflow of market funds into BTC will definitely bring more capital overflow and lead to a clearer altcoin season.
1. Be thankful that this is just a correction in a bull market and not the beginning of a bear market.
2. There will definitely still be a meme season for retail investors in the first half of next year, but this is likely to be the last madness of this bull market.
3. The magical January bull effect: during a bull market, the market often bottoms out and starts to rise in January, such as in 16, 17, 19, 20, 21, 23, 24, with a significant portion bottoming out in mid to late January. Considering that Trump was sworn in on January 20, the possibility of a rise is high, so be patient.
This is my opinion; if you think the bull market is over here, that's fine. Operate according to your own understanding.
