The market is changing rapidly, and trading is all about the present. Sing whatever song fits the mountain you're at. Cryptocurrency is collapsing; can it still rise? Bitcoin fell directly from $10,200 to a level of $96,000, dropping six thousand points in this wave. Many people lost their lives because of this, and many faced liquidation. However, we have seen this kind of market many times. When encountering such situations, do not be afraid; we must remain calm.
Stablecoins continue to appreciate. More than 5,000 Bitcoin spot ETFs have flowed out, and Bitcoin's Rainbow Rabbit is still in a phase of considering regular investments. The two-year multiplier indicator has not yet reached its state, and the balance of Bitcoin on exchanges is gradually decreasing. From the liquidation chart, the current liquidation position is indeed hovering around $96,000 to $100,000 for a long time, as these two positions together amount to nearly $2.7 billion. A fluctuation around this position is understandable. Within seven days, there is a desire to break below the $96,000 level, while in thirty days, it is still a strongly bullish market. Looking at it now, there is still no need to be afraid; it just means there might be some short-term fluctuations. This market is still very stable.
During the day, some cryptocurrencies experienced a 10% pullback, which indeed surprised many people with its impact being greater than before. Many were scared by this, right? Of course, a 10% pullback in cryptocurrency is considered a very slight pullback; a 50% pullback is called a major pullback, and a 99% pullback is called a deep pullback. You need to adapt to the rhythm of the crypto market, and its rebounds are the same: a 10% rise is a slight rebound, a 30% rise is a simple rebound, and a 100% rise is a relatively high-level rebound within a 30-day market. So, a 10% drop now is not something to fear; this market is completely under control.
On January 7, the market cap of Bitcoin's stablecoin reached a state of 57, indicating that the bull market is far from over. From past experiences, this market has not yet reached its peak. Currently, the price is rising relatively slowly, making it feel even slower than before. Therefore, in the next three to four months, there will be a significant surge. At this time, we will see the market cap of Bitcoin continuously decrease. Although many see Bitcoin breaking below the zero axis, a golden cross has formed below the zero axis. Many friends are too afraid to buy in; I believe nearly 90% of people are hesitant. They cannot see the rise above and cannot imagine how exaggerated the upcoming market will be. Only those with higher awareness can feel that there will be a significant breakthrough in the upcoming market, and this breakthrough will lead to a change in the entire market, becoming more insane. At this time, we will see the major bull market of the first quarter slowly start. I predicted this wave will have a significant breakthrough in the first quarter even before it rises. I don’t like to speak after the fact; whether you believe it or not is up to you. Alright, that's all for today.
