After Powell's speech triggered a big drop, Eastern countries have all woken up. Japan's interest rate hike expectations have not materialized, and the market rebound is tepid, indicating that Asian funds have no way to reverse the tide. This is the result of being consumed by multiple 'wolf coming' warnings.

This year's peak may have already been reached. As for where the pullback will go and when it will start rising next year, you can study it slowly in January. The next ideal peak is around 108,000. We also need to manage positions well for Christmas. Actually, as long as the market doesn’t crash drastically, short-term pullbacks are beneficial for the long-term bull market development. After all, some profit-taking investors will choose to cash out, making the vehicle lighter.

Bitcoin's January market is promising.

Today, regarding interest rate cuts and Powell's statements, I believe everyone already understands a lot, so I won't elaborate. I will mainly talk about the subsequent market.

Currently, there's no need to be overly pessimistic. In January, Trump will take office. This time, he won’t be like before; the Senate is back to him, so some subsequent matters will be easier to push through. Today, old Powell said the Fed does not have the authority to purchase Bitcoin and does not wish to seek legal changes to promote this. However, if Trump insists on advancing strategic reserves, it is not impossible for the US to establish a Bitcoin reserve. Therefore, the bad news we see today may actually be a reverse positive signal for the future.

Additionally, in January, there will still be FTX compensation, with 16 billion USD or fiat currency compensation this year, which will flow back into the crypto circle. Coupled with the recovery of the US ETF, it can be seen that January's market is still worth looking forward to. Therefore, this pit will likely be dug at the end of December or the beginning of January, which is a point worth paying attention to for the funds that are trying to escape the peak.

But be aware that although January next year is worth looking forward to, one cannot let their guard down. The market cycle fluctuates greatly, and investors need to pay attention to risk control. Recently, we only have the illiquid Christmas and New Year left, so be patient and wait for bottom-fishing opportunities!

Altcoins

When Bitcoin rises, altcoins fall! When Bitcoin falls, altcoins continue to fall! This is the true reflection of the market in recent days:

However, everyone doesn't need to be too nervous. As long as Bitcoin doesn't return to 30,000 points, this round of market will definitely not end. The current time node is just not the outbreak period for altcoins, so I suggest that brothers holding altcoins be patient. As long as your altcoins are listed on major exchanges, the project team is still active, and the direction aligns with market demand, then it’s fine. Even in a bull market, quality altcoins can achieve a breakthrough against Bitcoin.

Currently, the market is down, and everyone is asking whether they should bottom fish. I believe there’s no need to rush into action. A phased layout strategy can be adopted—buying heavily on significant dips, moderately on small dips, and not buying when it doesn’t dip.

As for what can be bottom-fished in the current market, still look for previous strong narratives that haven’t materialized.

I am optimistic about the market after Trump takes office from January to March next year. If you seek stability, focus on mainstream tokens like ETH, BNB, and SOL.

Or choose tokens from the Trump family:

ONDO has been performing strongly recently. You could say that yesterday's drop had basically no impact; today it has already recovered to 1.9. This coin is basically all at zero cost now, and I will continue to look towards 3. There are still opportunities to enter.

I wanted to get on AAVE a couple of days ago. The high-level consolidation and yesterday's pullback provided the opportunity to enter. I had a limit order at 345, and it was filled, currently at a floating loss, but it’s not a big problem; I will continue to phase in at 315.

For public chains, choose some well-established ones with good popularity, such as APT, SOL, and SUI.

ADA is also good, having formed a head and shoulders pattern on the 4-hour chart, with a brief spike below. Since there has been a significant bottom divergence on the 4-hour chart, I personally believe this head and shoulders pattern will not break down. Correspondingly, near the neckline is a high-cost performance bottom-fishing position.

As mentioned before, every significant drop is a good opportunity to enter. Today is no exception; we are currently in a bull market cycle. However, this year's market characteristic is speed and precision, with rallies and sell-offs happening quickly. Due to the lack of innovation or new narrative drives, the market trend is difficult to sustain, and everyone needs to adapt to this rhythm.

Regarding the position, it still depends on everyone's habits to manage it well. If the allocation is insufficient, you might as well pick a part from the above indicators to layout. As long as the fundamentals and projects are still operating, time will give you an answer and some wealth.