Is the Christmas period a rebound or a consolidation adjustment?

Last Friday, the cryptocurrency market rebounded, but the sentiment was not panic but rather greed. When the market fell, many people bought in, which is contrary to conventional expectations and may indicate that the market bottom has not yet been reached.

In the past 24 hours, over 100,000 people were liquidated due to market fluctuations, resulting in a loss of $288 million. How will the market behave during Christmas? Several key points:

Bitcoin's price has retreated to a low point; according to the RSI indicator, the market may be 'oversold', increasing the chance of a rebound. Some altcoins have not declined in sync with Bitcoin and Ethereum's pullback, suggesting that the market structure may be changing. The Christmas market may reverse, and traders may adopt opposite strategies, leading to a strong rebound. Contract trading is high-risk, and beginners should be cautious.

Bitcoin may maintain a consolidation phase in the short term; if it does not fall below $92,000, it may continue to consolidate. Some altcoins still have rebound opportunities.

Investment advice: Now is a good time to dollar-cost average or position in previously missed projects, such as HBAR, AAVE, and other market-recognized projects, as well as trending meme coins like PNUT. But investments should be rational, and do not expect to get rich quickly.

Key point: The bull is still here! The bull is still here!! The bull is still here!!!

The altcoin season is approaching, and Mengke has carefully selected several coins with hundredfold potential for dedicated fans. Please keep an eye on them and capture the next wealth growth point together! Follow Mengke! Keep eating meat, keep making profits!!

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