Merry Christmas to everyone. This Christmas Eve may have surprised many people, as the US stock market seems to have been enchanted, soaring upward after the opening!
The major coin is not to be outdone, as the price of BTC has rebounded by over $6,000 from its low to high in the last 24 hours, almost breaking through $100,000 again, and even altcoins are showing a good upward trend.
We talked about this topic yesterday; the start of the altcoin season is bound to happen with the joint efforts of sentiment and overflowing funds. The price of BTC may rise slowly, but at least it is an upward trend, and ETH needs to maintain its upward momentum. The former brings the sentiment, while the latter brings the funds.
The altcoin season will definitely come, and it's not far away!
The arrival of the altcoin season does not mean that BTC has peaked; on the contrary, BTC often has over 50% more upside, it's just that altcoins are rising more aggressively at this time!
So, don't rush. The big market is divided into two phases; the first phase has passed, and the second phase is about to begin. The second phase is when altcoins get the craziest; this is what we call the altcoin season!
I firmly believe that the altcoin season will definitely start; it's just a matter of time. So until now, I have not reduced any of my altcoin positions; in fact, I've slightly increased them in the last couple of days.
How will the market trend during these days around Christmas?
Speaking of the major coin, I think it might fluctuate between $94,000 and $100,000. Although the market sentiment is still a bit tense, the panic has eased considerably. If we want to break the current deadlock, we need a significant trading volume of real money!
Although the major coin did not successfully break through $110,000 this time, the overall direction is now clear. This wave of major coin has indeed been oversold along with altcoins, and now it's the Christmas season for the main players in Europe and America. Large funds are not making any moves today; while we won't see a big rise, we also won't see a drastic drop. Therefore, various altcoin leaders can pull up prices at this time at a lower cost, with not too much black swan risk.
Looking at the big brother of altcoins, Ethereum (ETH), it is also showing great strength, leading a group of smaller coins into battle. The entire market seems to be warming up. I think it will hover between $3,200 and $3,700, showing even more stability than the major coin. I heard that institutional ETFs made large purchases last night; it seems that institutional big shots still have confidence in Ethereum's future!
It should be noted that the pace of this bull market will be very fast:
This bull market is the worst experience for holding positions ever, except for the major coin. 99% of the time is spent in floating losses/holding positions, and only 1% of the time is spent in surges, which are also very short and quick.
In my previous articles, I repeatedly reminded everyone that this bull market will move quickly, mainly referring to the pace of the price surge. Once the surge starts, it will also be quick. Don’t get complacent, and don’t hold on to fantasies.
Since Trump was elected, I've analyzed why there is a bull market, why Ethereum is rising, and why altcoins are rising from various dimensions. You can look back at my previous articles.
ETH is not yet in the true sense of a price surge; it needs to continuously increase in volume before it enters the surge phase. A real surge consists of continuous volume growth, with price and volume rising together, and it will happen quickly.
This round of cycles has seen a fierce game between retail investors and whales. The vast majority of people will not wait for the 1% surge time, and among those who wait, most do not know when to exit.
Once ETH starts to surge, the entire pace will be very quick. At the bottom, you need to overcome fear; at the top, you need to overcome greed. When it's time to exit, I will notify everyone in the community immediately, and when it's time to run, don't dawdle.
Where there is volatility, there are great opportunities. Next year's bull market will be much better than today, and the volatility will also be more intense. A shakeout is a necessary part of the process. In this market environment, without patience and faith, it is very difficult to truly make money.
