This risk defense prompt indicated last night
Bitcoin will drain liquidity while altcoins may soften a bit!
This position belongs to the normal market differentiation effect, and the timing must differentiate due to two events!
1: Monthly and yearly closing positions! The capital differentiation before the annual closing line is beneficial for the future market!
2: BTC is under high pressure consolidation, and the upward effect of the altcoin sector has a continuity greater than 5 days. Therefore, it is normal for altcoins to have adjustments without follow-through!
3: BTC price pressure zone, liquidity draining effect!
In January 2025, two major events need attention:
1: FTX compensation expectations (there will be progress in January, and the compensation unit is fiat currency U)
2: Transition of the new U.S. administration (expected time in mid to late January)