Just less than a week ago, Bitcoin's price broke through 108,000 USD, setting a new historical high, while in the past 24 hours, its price briefly fell below 92,500 USD, marking the lowest level since November 26.
Currently, as market sentiment gradually stabilizes, Bitcoin's price has recovered to around 94,000 USD and has entered a consolidation phase.
In the short term, Bitcoin is expected to fluctuate between 94,000 and 98,000. If it breaks this level, it may trigger further liquidations. It seems that people are not so afraid now. If Bitcoin really falls below 90,000, it might be a good opportunity to build positions. Generally speaking, sharp declines in a bull market last about 7 to 11 days, and it seems the time is about right.
BTC has plummeted and is slowly being 'drained' by altcoins!
Bitcoin is about to touch the bottom, but ETH and altcoins are unresponsive! Is this a signal for market reversal?
Altcoins have almost stopped following Bitcoin. Most altcoins have experienced a significant rebound; the market is likely to continue this rebound trend, but the probability of a trending market is low. The capital market still needs time to recover. There is an opportunity in January; no one has infinite chips to dump, and extremes must reverse. In a bullish atmosphere, washing will eventually stop working.
Currently, when Bitcoin is falling and altcoins are not following, it indicates that most altcoins have actually reached their bottom. Bitcoin cannot keep falling indefinitely; it will rebound. When Bitcoin rebounds, altcoins will rebound even more. It can be said that as long as Bitcoin stabilizes above 92,000 USD, the opportunity for altcoins to perform will basically arrive.
After the Christmas holiday, many large institutions will return to trading, and the market is expected to become active quickly, sounding the horn for a counterattack. If BTC can stabilize and not fall, even if it does not rise, we may welcome a lucrative altcoin season.
Although traditionally the market tends to be relatively quiet during Christmas and New Year, this year is a halving year, and historically halving years during the New Year have been extremely lively.
Currently, the altcoin season is really starting to heat up slowly; when Bitcoin falls, Ethereum and altcoins do not follow the drop, and it is time to start buying low in altcoins. Remember to allocate some to popular coins. Everyone can consider gradually positioning some hot altcoins at lower levels, such as Zen, Usual, AAVE, Bome, Ena, etc.
Can we bottom fish now?
The altcoin season is really starting to heat up slowly. Bitcoin is falling, and altcoins are not following; this is a strong signal. Currently, altcoins have a trend of not falling further, and even some strong coins are gradually returning to their previous highs. Remember to allocate some to popular coins.
But you should also choose to enter in batches; buying more as it drops is fine. You can start buying in batches from now until 86,000 USD. Don’t expect to catch it all at once.
Whether buying altcoins or Bitcoin now, don’t think you can get rich overnight. After all, no one can predict how long this round of consolidation will last. Also, don’t think you can catch the bottom because no one knows where the bottom is. You can buy in batches so that if it falls, you can average down and seize this golden opportunity to position for the golden bull market of altcoins in 2025. Remember, nothing happens all at once.
In this round of the bull market, only two types of coins can make money:
First: Mainstream Coins
Second: Strong Altcoins
December is about to end, and I don't know how many people are trapped; surely, there will be a lot of people trapped. Our group started calling for reducing positions in December, and this month we have been communicating internally, but we are not positioning yet. We are waiting for our opportunity!
Areas to watch for bottom fishing:
1. Ethereum Liquid Staking: I think that starting from last year, lending platforms like AAVE should gradually transition to liquid staking, and some funds can consider positioning in this direction.
2. RWA Sector: In 2024, I still recommend everyone hold ONDO, which offers considerable returns. This sector is still in the exploration phase, and prices are in the discovery process, making it a potential direction worth watching.
3. Bitcoin Layer 2: As part of the Bitcoin ecosystem, Layer 2 is not lacking in popularity, topicality, or capital inflow. Consider appropriately allocating some funds.
4. NFT Sector: NFTs are not just digital art; they are also part of cultural value. In a situation with sufficient funds, this field also has considerable growth potential, and related tokens are worth paying attention to.
5. AI + Blockchain Games: Although I personally do not know much about blockchain games, this is a worthy investment field, and AI is also a popular segment in this bullish market, with huge potential for the future.
In short, in 2025 we may see a concentrated liquidity explosion, rather than a 'fake bull market' led by memes. I hope everyone can seize the opportunity and make a fortune!