Foreigners are on holiday, and the market is a bit cold. Last night, BTC stabilized above 94k, but further observation shows that the market is no longer following the drop; thus, the mindset shifts to bullish, starting to arrange spot positions as soon as a daily candle's bearish line appears.
Reviewing yesterday's strategy, by comparing ETH and BTC, and the drop of altcoins and ETH, we find that the market is no longer following the drop. We use Bitcoin's decline to buy low, and profit is a result that should be expected within the system, consistent with expectations; the long position made a perfect profit.
From the chart, Bitcoin still shows signs of a double bottom and gradually stabilizing. The fluctuation and pullback are expected to end in about two weeks, and it is unlikely to break 108k again in the near future, but it can still touch around 102-104k.
Currently, regardless of whether this is a short-term absolute low point, the price is considered low for this period, seeing over 90 to 100+. The price around 94k is quite suitable, with a space above of 10,000 points. If you are conservative, you can wait for Bitcoin to complete the right-side bottoming near 92-93 to enter; if you are more aggressive, you can consider opportunities to enter on the left side now. I expect the market to welcome a new round of growth starting in mid-January.
Is the familiar feeling of a bull market back?
Altcoins need to wait for Bitcoin to drop in order to rise. A few days ago, Bitcoin's pullback led to a drop in altcoins. When Bitcoin drops one point, altcoins can drop several points, even a dozen points. Yesterday, when Bitcoin dropped more than two points, most altcoins no longer followed the drop, and Bitcoin's market share has also decreased, which is a good thing.
Currently, the altcoin season has begun to warm up. The crash before Christmas was a drop that created entry positions. Find good targets and enter the market in batches. In the past couple of days, I've also helped everyone snipe several coins. Even new friends who just saw my article yesterday (Is Bitcoin crashing again? Is the altcoin bull gone? Big buying, the more it falls, the more to buy! Can HYPE still chase?) can benefit from today's gainers list.
Looking back at my article from December 12th (Will Bitcoin rise again, Ethereum soar by 5000! Which coins are the most resilient and powerful? How to chase altcoins, hedge, and supplement?), the market will belong to altcoin performances. I have already given you the answer in advance; congratulations to those who have made profits.
Finally, let's focus on two coins:
AAVE:
Actually, it started on December 18th, and we in the internal group have already benefited a lot. If you want to get in now or increase your position in AAVE, you can wait for a pullback here. As for the other two ecosystem coins of Ethereum, Uni and Puffer, I also have positions; currently, they are rising slightly, not as strong as AAVE, but still okay.
BAT:
Next, we can focus on gray-scale. If the altcoin season comes, they will all pump. Gray-scale's favorite can definitely outperform other coins because gray-scale helps support the price. BAT currently has the smallest market value in gray-scale's holdings and has risen the least.
The three coins with the lowest market value in gray-scale holdings, ZEN, LPT, and BAT, have risen in order (we are already profitable with ZEN and LPT, and I have reviewed it in previous articles, so I won't elaborate here). BAT has just started, so keep an eye on it if you're interested. I will analyze the detailed strategy in our internal group.
