In the cryptocurrency world, you often see people saying that making a million is so easy, and even claim that a million is just pocket change in the crypto space. However, in reality, they might not even be able to take out 100,000.
Based on today’s U price of 7.26, to earn a million, you would need to make at least 138,000 U.
If you only have a few thousand U, reaching this goal can be extremely difficult.
Some also say that as long as you buy a hundredfold coin, you can achieve financial freedom, but where are there so many hundredfold coins in the current market?
Back in the day, DOGE and SHIB were indeed ten-thousandfold coins, but how many people actually made money from them? In reality, those who truly made money are often the ones who hoarded a large amount of BTC at low prices. They not only have the financial advantage but also possess enough patience.
Therefore, if you want to genuinely make money in this market, do not underestimate the power of capital, and do not think that everything is so easy. The market has changed, and history is just history. Also, don’t let a few FOMO remarks from others influence you into believing you are the chosen one.
The following key points can be focused on regarding the trend in the cryptocurrency world:
Market Adjustment: The current pullback is a normal adjustment within the bull market, lasting about 10 days and nearing its end. The season for altcoins is about to arrive; although a collective breakout has not yet occurred, the market is waiting for Bitcoin and Ethereum to lead the way. Some individual coins have already started to rise, but most altcoins are still consolidating sideways, waiting for a strong coin to signal a rebound.
Technical Analysis: Bitcoin's technical indicators (such as MACD, KDJ, etc.) have dropped to a low point, and there has been no increase in volume during the downward movement. If the support level can hold, the chances of a rebound will be greater.
Capital Situation: A substantial amount of funds have entered the bottom area, providing support for the subsequent rebound.
News: It is expected that Trump will take office at the end of January, which may bring policy changes and market benefits. Additionally, Ethereum's staking feature is anticipated to be launched after his inauguration, potentially attracting a large influx of funds. A surge in staking applications is expected in January. Before the Christmas holiday, around $131 million has already flowed into the market, and the main capital is also looking forward to this.
Although many people predict that the altcoin season is about to come, caution is still needed in the short term. You can pay attention to the following key points, which are usually characteristic features of an altcoin season:
The exchange rate of Ethereum continues to rise, showing a trend of consecutive days of surging.
More than 90% of altcoins have risen several percentage points for several days or within a week.
Over 90% of investors have recouped their costs or made profits, and market sentiment is extremely optimistic.
Although many people are discussing the arrival of the explosive altcoin season, I will make a bold prediction: based on the current market situation, there will not be a real explosive altcoin season in the next 1 to 2 weeks.
The so-called explosive altcoin season usually has the following characteristics:
The Ethereum exchange rate continues to rise, and the price of Ethereum skyrockets continuously. The vast majority of altcoins (over 90%) rise several percentage points every day for several days or even a week, showing exceptionally strong performance.
Most investors recoup their costs or even make a profit, and market sentiment is extremely optimistic.
However, the current market performance still shows signs of consolidation, and it is expected that such explosive increases are unlikely to occur in the short term.
Currently, I am waiting for an oversold signal to appear on the Ethereum daily chart.
Looking back, the last oversold signal appeared in early September, when Ethereum went through about two months of volatility (about 60 candlesticks) and then launched a one-sided rise.
Today, Ethereum is approaching the support levels of EMA100 and EMA200 again. If an oversold signal appears again at this time, this may be a spot buying opportunity worthy of attention.
Altcoins can indeed be manipulated, but the key to success lies in mastering the rhythm—appropriate position, timing, and position size are all essential.
Firstly, the core value of altcoins for ordinary investors mainly lies in making profits during a strong unilateral market trend, and then converting those earnings into more Bitcoin.
Secondly, the entry position is crucial; one must choose points with extremely high risk-reward ratios over large time frames, avoiding blind following of trends.
The time dimension is also complex; one should not expect to accurately buy at the best position all at once. The safest method is to build positions in batches, gradually entering the market to effectively hedge against time and market volatility risks.
Finally, position management is also very important. Most of the capital should be concentrated on leading projects in the industry, while a small portion can be used for high-risk, lesser-known coins (such as lottery coins), for example, CRV or UXLINK.
Initial Surge: The market suddenly rises, and there's hesitation in the mind, "This wave of increase is too fast, can the bull market really last? I don't dare to chase the highs easily; I’ll wait and see for a while."
Sustained Rise: The market continues to rise strongly, "The bull market has indeed arrived! It has risen so much, yet I still don't dare to heavily invest; I'll start with a small position to test the waters and wait for a pullback before adding more."
Climbing to New Heights: The market soars to new highs, "This surge is too big, missing out would be a mistake! Quickly increase my position, leverage up, with 100,000 I can achieve it; if I miss it, it will be too late!"
Beginning to Pull Back: Technical adjustment, "This is just a small pullback; the opportunity to add positions has arrived! After the rebound, it will continue to rise."
Continued Decline: Panic sets in, "I've lost quite a bit; I might as well cut my losses and exit to avoid further losses."
Prolonged Downtrend: Stalemate, "I’m trapped; I can see my losses expanding. At least I have to wait 3 years to break even."
This is a common psychological change process for many investors during a bull market, often ignoring risks at the peak of the bull market, missing rebound opportunities during declines, and ultimately getting trapped. Therefore, rational analysis and cautious operation are essential to avoid these common traps.
During a bull market, different sectors will experience rapid rotations, with the following three sectors showing particularly significant gains and strong performance:
The MEME sector, whose performance references previous coins like SHIB and DOGE, has seen astonishing growth, attracting a large amount of retail investment.
The AI sector, drawing inspiration from the craze surrounding the metaverse, has similarly gained widespread market attention with rapid price increases, just like $SAND and $MANA.
The Chain Oil sector, referencing projects like $GMT and $SAND, has driven the growth of chain oil tokens, enhancing overall market liquidity.
In addition, fields such as stablecoins, re-staking, RWA, DeFi, and NFTs will gradually gain market attention, but these usually begin to activate only after the major sectors' growth rates start to slow down.
Ultimately, the market will enter a bear market cycle, with an expected adjustment period of at least three years following the peak of the bull market.
Any coin that can bring substantial returns often makes you feel very uncomfortable before it takes off. This is a summary of my multiple experiences.
The coins that truly make people money are usually 'washed out' in this way—by suppressing the market and clearing out those unsteady investors.
This phenomenon of 'washing' is especially obvious during a bull market. Most people start to regret when they see the market rise, feeling like they've missed the opportunity, which is a common trick of the market.
When other coins are rising and yours is not responding, many people will choose to cut their losses and exit. This is the temptation of the market; often, the more you want to cut losses, the more you miss out on the eventual profits.
Around Christmas, everyone can choose to hold their assets securely, remain calm, and avoid making hasty operations.
This stage is not suitable for rushing in and out of the market; a steady hold is the ideal strategy.
We are all looking forward to the arrival of the major bull market in 2025, when mainstream coins are expected to see a wave of market activity. Bitcoin, Ethereum, Dogecoin, Binance Coin, GT, WLD, ALGO, and others will be key assets in this bull market, worthy of attention and participation.
After Christmas, the market begins to warm up, and altcoins rise accordingly, but caution is still needed. From tonight until the 27th, it's important to pay attention to market dynamics and avoid being overly optimistic.
Especially on the 27th, over 40% of options will expire, and rolling over positions is already underway. Market volatility is expected to decrease significantly, so prices are likely to continue to decline.
At this time, it may be worth considering accumulating some promising value cryptocurrencies at lower levels.
If you're unsure how to choose, you can pay attention to the investment direction of Grayscale funds; the investment actions of the Trump family are also a reference signal.
The long-term bull market for Bitcoin is nearly certain.
MicroStrategy has included Bitcoin in its Nasdaq index portfolio, and future index ETFs may also include Bitcoin-related stocks. Therefore, Bitcoin is undoubtedly the preferred asset.
Many young people today are filled with interest in cryptocurrency investment, harboring a dream: to get rich quickly.
The internet is filled with various so-called success stories, like someone who bought luxury cars and houses with cryptocurrency. These stories sound as if one could strike it rich overnight.
However, you must understand that most of these stories are likely exaggerated.
The reality is that the risks of cryptocurrency investment are extremely high, and many people lose everything, even ending up with nothing.
Yet, there are still many who refuse to believe this, firmly convinced that they can be the lucky ones who get rich.
Those seemingly enticing wealth stories often hide scams behind them, aimed at luring you into the market so that the people behind them can profit. Just think, if someone really made money, who would go around flaunting their wealth?
Especially in the cryptocurrency market, where the rules are unclear, many people attract others to invest by flaunting their wealth, either having ulterior motives or dragging others down with them.
This industry is not as simple as it appears; the number of people who actually make money is not high.
Most people ultimately leave with disappointment.
Investment should not rely on so-called "luck" or "speculation techniques," but rather on solid professional knowledge and investment strategies.
For ordinary investors, lacking ample funds and professional skills, it is not easy to establish oneself in this market.
Therefore, if you really want to try cryptocurrency investment, the first step is to seriously learn the basics, master investment skills, and accumulate experience.
Only in this way can you possibly taste a bit of sweetness.
Don't always think about taking shortcuts; it's better not to fantasize about a pie falling from the sky.
Altcoins usually fluctuate with the rise of mainstream coins, so it is necessary to pay close attention to the stabilization of mainstream coins. If the mainstream coin trend continues to rise, the altcoin market may also follow further.
Operation suggestions for holding altcoins:
SATS: Continue to hold, and consider clearing the position when the target is around 50. The mid-term target can be seen up to 80.
CKB: Hold after reducing positions, waiting for further outbreak of the ecosystem.
FTM: You can reduce positions appropriately and adjust positions according to market conditions.
POLYX: Continue to hold until the market further verifies its performance.
ACT: Continue to hold and pay attention to its subsequent development.
In the absence of new news on the fundamentals, the market heat is low.
In the primary market, the heat of on-chain MEME has declined. Pay attention to DOGECAST, and you can ambush in time when the narrative starts.
Is there currently an opportunity to buy the dip? There is a certain possibility, for the following reasons:
Currently, BTC has risen back to $98,000, and since the 23rd, ETH has not followed BTC down; yesterday's surge in BTC also indicates some signs.
The current market is in a state of extremely low liquidity, especially tonight as the US stock market is closed, and normal liquidity will not resume until after New Year's Day.
If some negative news appears during this period, it may lead to a decline in BTC prices, and altcoins may follow suit, which could present a buying opportunity.
However, it should be noted that BTC prices will not be easily hammered down; the key lies in how market sentiment changes.
Once we enter New Year's Day, market attention may shift to the new policies of the US president, and the real trend may unfold between mid-January and early March.
Therefore, before mid-January, the market is unlikely to have another opportunity for adjustment, mainly because the underlying funds may have already positioned themselves.
In summary, the trend is likely to arrive as expected, as long as there are no major issues in the US economy, extreme events such as Trump being assassinated do not occur, or Japan does not stir up turmoil.
Historical data shows that the performance of the stock market and risk assets such as cryptocurrencies is usually better during the first 100 days of a new US president's term, so the current market expectations are positive.
Many people believe that the strength of ETH is a prerequisite for the arrival of altcoin season, but starting from November 5th of this year, the general launch time for altcoins coincides with the strong outbreak of BTC, which seems to challenge traditional views.
The last altcoin season indeed revolved around the ETH ecosystem, and the rise of ETH propelled many ETH-based altcoins to go up.
However, the market environment has changed this time, with BTC's dominance gradually strengthening, especially after Bitcoin broke its historical high, market sentiment has also started to lean towards BTC, which gives rise to more possibilities for a BTC-dominated altcoin season.
As for why some people still believe that "we have to wait for ETH's strength for the altcoin season to come," this may be related to past market patterns.
Traditionally, when ETH is strong, many ETH-based projects and ecosystems benefit, thereby driving the entire altcoin market.
This thinking has become a habit for many investors, but the current market may be undergoing a shift, with BTC's dominant position becoming more evident.
Therefore, people habitually associate the strength of ETH with the altcoin season, but this does not mean that the new altcoin season necessarily depends on ETH's performance.
I have always thought that the market would rebound this week because, based on the previous pullback magnitude and intensity, as well as the remaining time, the current adjustment is already in place. If this rebound does not occur, I am prepared to adjust my half position of BTC to a wait-and-see approach, lying flat for opportunities.
If you are still optimistic about the bull market, then a rebound must occur this week. If it continues to drop, the short-term risks will accumulate very high, and this should not be difficult to see.
ENA: It has increased tenfold from the bottom rebound. If you are a holder of bottom chips, you can continue to hold, but it is recommended to operate cautiously with recently bought chips and set stop-losses to avoid risks.
XAI: The current price is stabilizing near the support level, but the current market's hotspots and funds are not concentrated in the gaming and AI sectors. It is advised to wait patiently; 0.2 is a strong support level.
PUNT: The current trend is relatively heavy, but if it can endure this phase, holding may lead to future opportunities.
MANA: A target held by Grayscale Fund, which has not yet exploded. Last month, it followed SAND through a wave of main upward momentum. In the long term, it is still in the bottom range. Although it is difficult to predict how high it can rise in the short term, the possibility of new highs is low.