The double holiday market coincides with the weekend, making low liquidity inevitable. Without market makers, BTC still remains stable at 95,000, with strong support at 93,000 and 94,000, especially the buying at 94,000 becoming stronger.

Market sentiment is still OK, neither rising nor falling, a waste of time. Tomorrow is Monday, let's see the sentiment of the Americans, but in a couple of days it's New Year's Day, and when early January comes, after Wall Street returns from the double holiday, the comprehensive return of the main force will be the turning point of the market. Let's enjoy the New Year during this waste of time, and we can look forward to Q1 2025.

As for altcoins, it’s even more of a waste of time. Many altcoins are as weak as mud, but AI-related ones are still somewhat interesting. The hot topic for this bull market may be the AI track, and what will the new track similar to the 'DEFI summer' of 2020 be? AI + Depin, RWA, BTCFI, or something else? Let's look forward to it; this is a new opportunity for explosive wealth.

Long-term outlook for the crypto market

I believe the next new high for BTC won't take as long as in 2024, as there is actually a macro tailwind background. During the period of hellish regulatory environment, ETFs have been launched, but many people still do not believe in Bitcoin, which is not as universally recognized as real gold and silver.

Despite the hawkish remarks from old Powell some time ago, Trump is about to take office, and the talks about Bitcoin as a strategic reserve are still being heatedly discussed. Market sentiment has changed, and in early January next year, FTX will still pay out $16 billion, to be repaid within 60 days. This $16 billion is a significant positive for the crypto circle. Also, on January 20, Trump will completely take office, and the crypto market may welcome an unprecedented super bull.

Therefore, I believe Bitcoin will continue to have tailwinds in 2025! Altcoins, however, tell a similar but different story.

The total market value of all altcoins reached a historical high in the first quarter of this year (2024), followed by a cycle peak in the fourth quarter. Although some say it's a boat seeking a sword, it more or less follows the same pattern.

Currently, there is a lack of catalysts for altcoins, which are still in a significant downtrend. But the overall trend is still there; as long as the cycle hasn't ended, we can hold our chips and calmly wait for the arrival of the main rising wave in Q1 2025!

In short, we are far from reaching the peak of the cycle; a large amount of capital and plans have already been laid out in advance. The script for the rise has long been designed, just waiting for specific conditions to trigger it. So don't panic right now; what we need to do is hold our chips and quietly wait for the main rising wave to come!

Recent events to watch:

On Monday (December 30), the European Securities and Markets Authority released the MiCA crypto regulation implementation.

On Thursday (January 2), the number of initial jobless claims in the U.S. for the week.

On Friday (January 3), the court approved the FTX Chapter 11 reorganization plan to take effect.

Opportunities are getting closer!

There's a saying that goes well: all layouts need to be ambushed in advance, buy when no one cares, sell when the crowd is in an uproar, rather than chasing when the upward trend comes, which easily leads to being ambushed at the peak.

Right now, many altcoins are as weak as mud. At this time, we still need to hold onto good quality strong coins and let go of those weak junk coins. Many altcoins are no longer following the downturn, and a bottom range has already formed. The upward trend has not been broken, and when the good news comes in January, regardless of adjustments, it should be everyone's last opportunity to get in. Below are some good recommendations for bottom fishing:

BlackRock's selective picks: ONDO, CRV, ENA, and APT,

Grayscale selects: ZEN, ZEC, XLM, and LPT.

Presidential select: LINK, AAVE, ENA, ONDO.

As well as Musk-related DOGE, etc.

You can pay attention to these projects held by presidents and major institutions; they are likely to have certain performance opportunities, especially under institutional promotion, which may have more stable growth potential than other projects.