The old “buy and hold” strategy is no longer applicable. For example, despite Solana’s 10x rise in 2023, its performance throughout 2024 is almost the same as Bitcoin’s. Similarly, top tokens such as TAO have not benefited from the recent AI craze. And memes have lost their former glory, such as “Dogecoin is no longer popular”, “Calm Brother is no longer calm”, and “Pygmy Hippopotamus looks no longer in the limelight”.

It can be foreseen that there are almost no assets suitable for “buy and hold” in this cycle

Recent short-term analysis of Bitcoin and Ethereum

First, BTC’s pressure level of 97,500 has been inserted, but it has not yet stabilized. Today is Friday and the volatility may not be very large. Everyone should pay attention to it. I think there are also many opportunities to do contracts on Saturday and Sunday, but the trend may be slower.

Second, ETH’s pressure level of 3,340 has been reached, but it has not stabilized. The ETH/BTC exchange rate has stopped falling on the daily chart. It would be great if the weekly chart can close with a big positive line. The exchange rate of 0.04 has not yet broken through. Only after the breakthrough can ETH lead the rise of altcoins, otherwise it will always be trampled under the feet of BTC.

Third, the US Congress is expected to restart cryptocurrency legislation in 2025, and several key bills such as "FIT21" and the stablecoin regulatory bill are expected to become priority issues. The previously proposed "Strategic Bitcoin Reserve" plan may also become a focus of attention. As the cryptocurrency industry faces a new regulatory framework, how will the market react? Positive