The daily chart of Bitcoin shows a bearish engulfing pattern, and MA5 has crossed below MA30, indicating a low probability of a significant increase in the short term.
1️⃣ Current market outlook:
January: BTC continues to decline, and most altcoins will test new lows again. On January 20, Trump will take office, and the positive news may turn into negative impacts. A potential pullback may occur before the Spring Festival on the 29th, creating a golden buying opportunity. The true bottom for altcoins is expected between January 20 and 29.
February to April: Some coins are expected to rise over 3 times within a month.
2️⃣ Conditions for altcoins to take off:
You get liquidated. You actively cut losses.
Hang in there! Save your bullets until just before takeoff; don't run out at a critical moment.
