Yesterday, everyone was celebrating the market's rise, but in the evening, U.S. stocks fell, and Bitcoin's price suddenly plummeted from around $102,800, breaking below $100,000, hitting a low of around $95,000, but temporarily found support. Ethereum's price also fell from around $3,740, breaking below $3,550, and is currently finding support around $3,300.
For many people, especially those who have held their positions without selling, seeing this wave of volatility inevitably causes anxiety and unease.
Although altcoins have seen some gains recently, their overall performance remains relatively flat, with some tokens quickly retreating after a brief rise, returning to previous lows. Bitcoin is currently still at a high price level, which means that if Bitcoin continues to decline, the outlook for altcoins may be even bleaker. However, as Trump's inauguration date approaches, the market anticipates that there may still be a chance for a rebound before any positive news materializes. Therefore, in the short term, there are still certain rebound opportunities for mainstream assets like Bitcoin, Ethereum, BNB, Dogecoin, and SOL, especially after the market experiences some pullback, which may present an opportunity for profit-taking or strategy adjustments.
If we refer to the market trends from January last year, Bitcoin experienced a noticeable pullback around the time data was released. In January last year, the SEC approved the Bitcoin ETF application, and this news boosted Bitcoin's price increase and brought about a short-term pullback. On January 20 of this year, Trump's inauguration was also seen as a potential market positive, and historically similar political changes have often spurred market rebounds. Therefore, there is reason for the market to expect a potential upward trend around Trump's inauguration.
Combining historical trends, the current decline provides opportunities for those investors looking to accumulate at lower levels. In the case of Bitcoin, although the price may fluctuate in the short term, considering the potential benefits brought by Trump's presidency, it is expected that Bitcoin's price could still potentially retest the range of $103,000 to $105,000 in the coming weeks. Against this backdrop, prices below $95,000 provide us with an ideal entry point.
Overall, although the current market is facing some downward pressure, historical political changes of a similar nature often bring about certain rebound opportunities. Therefore, it is not advisable to be overly pessimistic; the current decline provides us with relatively low entry opportunities, allowing for gradual entry into the market to position for potential future rebound trends.
