What did you see in the market during last Friday's rebound?
Is it fear? No, it is absolute greed;
When the market drops, a lot of people will try to catch the bottom, which is clearly not in line with expectations. A real phase bottom is accompanied by panic selling, and it's obvious that we are not there yet.
In the crypto world, since you are here, you can't just talk; you have to take action!
In the past 24 hours, a total of 105,678 traders were liquidated across the network, with a total liquidation amount reaching $288.76 million.
The market may see a rebound during Christmas!
1. Bitcoin has retraced to a low: Currently, the price of Bitcoin has fallen to a recent low, with the 6-day Relative Strength Index (RSI) breaking below 30, indicating that the market may be in an oversold state, increasing the likelihood of a rebound.
2. Altcoins are no longer following the corrections: Many altcoins have not followed the corrections of Bitcoin and Ethereum, which may indicate a change in market structure. 3. Christmas market may reverse: Although it is generally expected that the market will perform poorly during Christmas, the major players may take the opposite strategy. If the market reverses, the rebound could be very strong, and investors need to prepare in advance.
Reminder: For contract traders, we do not recommend blindly following our analysis, especially for inexperienced retail investors. Contract trading carries high risks and should be approached with caution. Bitcoin trend analysis shows that although Bitcoin rebounded over the weekend, the rebound strength is relatively weak.
Currently, if the price of Bitcoin does not effectively break below $92,000, it may maintain a fluctuating adjustment in the short term, with an adjustment period of about one month. 4-hour level analysis: There is certain support near $92,000, and if the price does not break below this level, the possibility of a fluctuating trend is relatively high.
In this situation, some altcoins still have rebound opportunities.
Investment strategy recommendation:
Now is a good opportunity to invest in strong coins that were missed before, especially projects related to U.S. compliance and ETFs, such as $HBAR and $AAVE. Additionally, meme coins are also worth paying attention to, particularly the high-profile $PNUT. This meme coin has strong speculative potential, suitable for investors with operational capabilities, but one should avoid the illusion of getting rich quickly.
Overall, the market trend during Christmas is mainly characterized by fluctuations and adjustments. This kind of market is suitable for systematic investment planning, preparing for bigger opportunities next year.