Yesterday's crypto market was like a small roller coaster ride. BTC wobbled slightly, and those market makers wanted to pull the price back but failed.
Currently, Bitcoin is still in a relatively tangled state. Overall, the pattern remains weak, with a top formation visible. From a daily perspective, the 90k line can serve as a dividing line for strength and weakness in Q1.
As we all know, the main driving force of this bull market is American capital.
Currently, the Americans are still in a holiday state (Christmas to New Year), hence the liquidity is very scarce, especially on weekends.
Whether from the US stock market or the cryptocurrency market, we can see that the trading volume and volatility are relatively small. Such market conditions are quite common at the end of the year, as there are a lot of settlements, whether for holiday sales or company balancing. Thus, this decline is reasonable and does not have a significant impact on the trend.
If you are interested, you can look back at past year-end market conditions, which are generally quite tangled. Except for 2020, which saw a monotonic rise, other years were oscillating markets, and significant breakthroughs usually appear in the following January. So, there's no need to overly focus on the market in these days; just remain at ease.
As for whether altcoins can be independent, there may be clearer observational results from the end of this month to the beginning of next month.
The market is expected to show a phased direction from the end of this month to early January 2025:
The market actually started in mid-October, coinciding with the trading after Trump's election. From expectations to reality, the two-month rise is almost complete. If you say it started earlier, it actually began in mid-September, meaning it has been up for three months. Now that this phase has ended, the lack of narrative leads us to enter a similar oscillation cycle.
Currently, the overall market is still oscillating around the previous low without breaking it, with many altcoins actually making low-level fluctuations within daily pullback zones.
Remember, when the price is low, we buy; when it's high, we wait a bit. Don't rush to sell everything. This way, you won't fear fluctuations, and your mindset will be as steady as Mount Tai! In trading, don't be too anxious; don't rush into action when excited; you need a plan and take it slow.
Trump will officially take office on January 20, 2025, and only after taking office can he truly issue policy directives. Therefore, 2024 can already be considered a bull market for crypto. Take time to reflect; otherwise, when the bear market comes, losses may be greater, and the next bull market might still be a busy affair... This round has also seen many legendary stories. It's important to learn from them, see if they suit you, take the essence and discard the dross. Learning has no end!
Looking at the data analysis, the upcoming market may take a break, but don't rush:
In the long term, the rising train is still steadily on track. Friends holding coins for the long term, if you plan to sell next year, don't impulsively short! The market in January next year will definitely not be bad, especially since Trump will take office on January 20, and the crypto market may usher in an unprecedented super bull.
Casual talks about the market:
Currently, any analysis is not very meaningful. No analysis can precisely tell you what will happen in the next second. This round of market is tough, and the holding experience is poor. What does 'poor' specifically mean?
99.5% of the holding time is in a loss state, while 0.5% is in a pump state. Finally, only 0.1% of the time is left for retail investors to escape; if they don't escape, they are stuck in deep losses. Recently, the pumping was frenzied, and looking back now, those who didn't escape then now have to invest again.
Washed and tested, testing while washing, countless scams, only the last one is real. If you can't grasp it well, you can't escape. This year's market is challenging for this reason.
This year's market is difficult to operate and has a fast pace. We will talk about the fast pace characteristic later. Currently, the control rate of altcoins is very high, and aside from waiting in spot, there are no better options.
2024 is about to end, and 2025 will definitely be a year of a big bull market. We are currently in a short-term winter of the bull market, but after enduring it, we will welcome a massive bull market explosion. As always: refuse contract leverage, hold spot steadily, and you will surely become a winner in this bull market. Finally, I wish everyone to make a fortune in 2025.