The current cryptocurrency market has not entered a severe correction phase, but there is a high possibility of a trend reversal. Particularly, unless there is a significant surge by tomorrow morning, a bearish candlestick could form, indicating the need for cautious observation of the market in January.
One of the most concerning scenarios is that the cryptocurrency market, heavily influenced by the U.S. market, could follow its downward adjustment. Conversely, if a rally resumes, Ethereum is expected to show a more favorable upward momentum than Bitcoin.
Both the U.S. stock market and the cryptocurrency market appear to have reached a critical inflection point. The first half of next year is likely to be a pivotal period for determining the market’s direction. Given the high potential for significant volatility in either direction, close attention to market trends in the first half of the year is essential.
