This year, the narrative of the East rising and the West falling did not come to pass; quite the opposite. The Dow rose by 13%, the S&P 500 increased by 23%, and the Nasdaq index climbed by 29%. In contrast, the East's major A shares are stuck in a constant battle to defend the 3000-point mark. The stock market is the most direct indicator of a country's economic health, and the results are clear.
No matter how well the US stock market performs, you cannot partake in this windfall. You can't open an account, can you? But the only thing you can grasp is the crypto world and BTC, as the crypto market is linked to the US stock market. In 2025, the US stock market will continue its bull run, and the crypto market will also continue its bull run.
You should feel fortunate that you still have the opportunity and channels to choose the crypto world, and you have not missed a chance to make money and invest. Isn't it a silver lining in misfortune?
Recently, many places in the East have raised salaries for village officials to boost morale and stimulate consumption. In this salary increase, the basic salary has been raised by at least 500 RMB per month, with specific increases varying based on the base salary, roughly around 5% of the basic salary. Normally, isn't it about giving money to the poor and the common people? If you’re living a tough life, don’t think too much. Just focus on trading crypto; you might only have this relatively free or fair investment field left.
Currently, looking at the monthly chart, the moving averages are diverging upwards, the bull market is still ongoing, and the cryptocurrencies that are positioned well should continue to hold for appreciation. Every year in the first quarter, BTC tends to see a nice increase.
On the weekly chart, the MACD has a dead cross, indicating a continued pullback and oscillation pattern; this pullback should last for another 2-3 weeks, with the market likely warming up in mid to late January.
On the daily chart, we are currently in a triangular oscillation pattern, with the daily trend still oscillating downwards. The upper resistance is around the lifeline of 96500-97300-9950, and the lower support is around 92232-90500. Recently, everyone must seize the pullback and buy the dips on altcoins. There aren't many opportunities left for everyone to get on board.
My personal suggestion is to accumulate at lower levels, such as ETH around 3300, SOL around 185, DOGE around 0.3, UNI around 13, LINK around 20, etc. Hold on tightly and don’t sell prematurely.
Period layout requires a vision and timing for cyclical layouts. The explosive growth of altcoins in January-February will definitely come as expected; everyone needs to give it time and a bit of confidence for the continued bull market in 2025.