Tonight's US stock market will determine whether the altcoin market can break new highs! The weekend market has been stagnant for two days, and from the data, the weekend liquidity is pitifully low, with turnover rates at bear market levels. This indicates that without the support of the Americans, it is difficult to increase trading volume over the weekend, so our real opportunities often arise on weekdays. This shows that most retail investors lack the desire to trade, which also means that most people are quite optimistic about the price trends after Trump takes office. Currently, the driving force behind the market trend still requires emotional support, and the biggest source of this emotion is Trump's power transition. Trump will take office as President of the United States on January 20, just 14 days away. The market is anticipating that Trump will fulfill his promises after taking office, so I still maintain my previous view that I am relatively optimistic about the market in the first quarter of this year. If Trump immediately starts to fulfill his promises upon taking office, the prices of Bitcoin and Ethereum may experience a surge. It is noteworthy that Michael Saylor (CEO of MicroStrategy) has released a Bitcoin tracker for the ninth consecutive week. He may be preparing to buy Bitcoin again.

Can data influence whether the altcoin market can break new highs? As for whether altcoins can reach new highs, insufficient liquidity is an excuse for the decline, but it is not the real reason for the drop. The true reason for the decline is “expectations of a drop,” while the reason for the rise is also “expectations of a rise.” The market value of USDT in 2021 was only half of what it is now, yet it still supported the altcoin bull market. This round is not unexpected; as long as there are “expectations” in place, although altcoins may not rise 100 times, it is not a problem to exceed the 2021 highs by 50%-100%. There is also the factor of Trump's market influence; the Trump factor is the main reason for the BTC surge that started in November. Therefore, Trump is a very broad topic, and it is difficult to clearly articulate the pros and cons in just a few words. After confirming the general direction, it is advisable to focus on selecting coins related to Trump, as well as altcoins held by Trump. At this moment, we are at a point of first rebound after about two weeks of consolidation. Some see an opportunity to escape, while others see the start of the altcoin season. Currently, apart from market data, it will largely depend on the FOMC meeting on January 28-29 and the various macro data released throughout January. This data.