December 27, 2024

The market is continuing to fluctuate, with small drops and small rises, and the price range is 90,000-100,000, while Ethereum is fluctuating in the 3-digit range. I said yesterday that this mid-term adjustment will take at least 1-3 months, and at most half a year. Many people think that it will take too long and it is impossible to go sideways for so long. However, low volatility occupies most of the time, and the time of sharp rises and falls accounts for even less. Moreover, it has been fluctuating for a week without knowing it. I don’t think it will immediately pull up and start the rising market. The short-term overheated sentiment may cool down further.

From a cyclical perspective, this round of bull market is definitely not over, and the interest rate cuts have not ended. The funds flowing in are more from ETFs, which are originally investment funds. This is why we see that basically Bitcoin is rising, and the rise of other stocks depends entirely on whether the main players are pulling the market. Therefore, when there is a real flood of money and the monetary liquidity overflows, we can see the market of copycats flying around.

In terms of rhythm, I have always characterized this wave as a mid-term adjustment. Since it is an adjustment, it is mainly a volatile market. As for when the adjustment will be made, it is difficult to be precise. What is certain is that it will wait until the market investor sentiment is relatively stable, and then reduce the long leverage, or even hand over some spot chips. In terms of time, I judge that the rise will restart in the first half of next year, which is the second half of this round of bull market. To be more specific, I think the probability is higher after the Spring Festival.

In terms of market conditions, since the next sideways trend is sideways, it is natural to do some swings. BTC can be bought at the support of 92,500, and sold at around 99,000, which is before the pressure of 100,000. ETH has a support of 3250 below and a pressure of 3550 above. Looking at this trend, Ethereum will continue to adjust, and then decide on the subsequent market after a central axis is formed. Other cottages can also swing by themselves. Of course, the same sentence still applies. If you are not used to it, take a rest and prepare for the long Spring Festival holiday.

You can also join my 币安专属聊天群. It will be quite lively during the Spring Festival. After joining, you can find the group chat in the message notification in the upper right corner of the APP homepage.