The dual holiday market also coincides with the weekend, making low liquidity inevitable. Without market makers, BTC remains steady at 95,000, with strong support at 93,000 and 94,000, especially with buying at 94,000 becoming stronger.

Market sentiment is still okay, neither rising nor falling, it's a waste of time. Tomorrow is Monday, let's see the sentiment of the Americans, but in two days it will be New Year's Day, and by early January, after Wall Street finishes the holiday, the return of the main forces will be a turning point for the market. Let's enjoy the New Year in this waste of time, and we can look forward to Q1 2025.

As for altcoins, it's even more of a waste of time. Many altcoins are as weak as soft mud. However, AI-related projects are still somewhat interesting. In this bull market, the hot topic may be the AI track. What will be the new track similar to the 'DEFI summer' of 2020? AI + Depin, RWA, BTCFI, or something else? Let's look forward to it; this is a new opportunity for growth and wealth.

Long-term outlook for the crypto market

I believe BTC's next new high won't take as long as it did in 2024, due to the actual existence of favorable macro conditions. During a cycle where the regulatory environment can be described as hellish, although the ETF has been launched, many people still do not believe in Bitcoin, which is not as universally recognized as real gold and silver.

Despite the hawkish remarks from Old Powell recently, Trump is about to take office, and discussions about Bitcoin as a strategic reserve are still heated. Market sentiment has changed, and in early January, FTX will pay back $16 billion, to be repaid within 60 days. This $16 billion is also a significant positive for the crypto circle. Moreover, on January 20, Zai will be fully in power, and the crypto market may welcome an unprecedented super bull.

Therefore, I believe Bitcoin will continue to have favorable conditions in 2025! Altcoins, however, tell a similar but different story.

The total market capitalization of all altcoins reached a historical high in the first quarter of this year (2024), then peaked in the fourth quarter of the cycle. Although some may talk about it in a rigid way, it more or less follows the same pattern.

Currently, the situation lacks catalysts for altcoins, which are still in a significant decline. But the overall trend is still there; as long as the cycle hasn't ended, we can hold onto our chips and calmly wait for the main upward wave in Q1 2025!

In short, we are far from reaching the peak of the cycle. A large amount of capital and plans have already been deployed in advance. The script for the rise has long been designed; it just waits for specific conditions to trigger. So, do not panic now; what we need to do is hold onto our chips and quietly wait for the main upward wave to arrive!

Recently, pay attention to the following events:

On Monday (December 30), the European Securities and Markets Authority issued the MiCA crypto regulation implementation.

On Thursday (January 2), the number of initial jobless claims in the U.S. for the week.

On Friday (January 3), the court approved FTX's Chapter 11 restructuring plan to take effect.

Opportunities for layout are getting closer!

There is a saying that all layouts require early deployment, buying when no one cares and selling when it is bustling, rather than chasing after the upward trend, which easily leads to being trapped at the peak.

Currently, many altcoins are as weak as soft mud. At this time, it is still necessary to stick to good quality strong coins and let go of those weak junk coins. Currently, many altcoins are no longer following the decline, and a bottom range has already formed. The upward trend has not been broken. When favorable news comes in January, regardless of how it adjusts, it should be the last opportunity for everyone to get on board. Here are some good recommendations for bottom fishing:

BlackRock's selected: ONDO, CRV, ENA, and APT.

Grayscale's selected: ZEN, ZEC, XLM, and LPT.

Presidential selection: LINK, AAVE, ENA, ONDO.

As well as Musk-related DOGE, etc.

You can pay attention to these projects held by presidents and large institutions; they are likely to have certain performance opportunities, especially under institutional promotion, which may have more stable growth potential compared to other projects.