Bitcoin's violent washout, has the bottom arrived? Altcoins follow the rise, not the fall! Good opportunities to get in with spot trading!

Time flies, on December 31, 2023, the price of Bitcoin was $42,173. One year later, today, December 30, 2024, the price of Bitcoin is $92,304, showing an increase of 121% in 2024. Exciting, right?!

Currently, Bitcoin feels like it's playing a 'statue game,' basically swaying within the range I mentioned yesterday. The price is sliding down bit by bit; for BTC to soar again, more money needs to come in, and good news must keep coming. We also need to keep an eye on the US stock market; if it doesn’t stabilize, Bitcoin might take a tumble too.

I mentioned a few days ago that the market would enter a phase of criticizing Bitcoin; altcoins may show a bit of improvement, but when Bitcoin shows off, altcoins continue to lie low.

Bitcoin is the barometer of the crypto market. If Bitcoin hasn’t finished adjusting, the little brothers have to stay cautious, so let’s see what stage Bitcoin has reached.

In a bull market, the correction phase is not only a self-adjustment of the market but also a golden opportunity for investors to adjust their portfolios, switch holdings, and refine strategies. In a market where everything rises, the sentiment is often overly enthusiastic, easily triggering FOMO (fear of missing out), leading to blind following. When market sentiment cools down, it provides us with an opportunity to think deeply and plan carefully.

Ethereum is such a noteworthy target. Recently, Ethereum's overall trend has shown strong momentum. As analyzed yesterday, the 3300 level has become an important support level, and this position was never broken during yesterday's trading, with the lowest point only touching 3302, followed by a quick rebound. Even more exciting is that Ethereum's rebound was not only successful but also broke through the resistance level of 3480, achieving a double success in terms of price points.

Therefore, during the correction phase of a bull market, we should seize the opportunity, calmly analyze market trends, and selectively invest in those potential targets. The trend of Bitcoin is certainly important, but what matters more is how we can choose investment opportunities that can bring excess returns under this larger trend.