The future outlook for the cryptocurrency market:
1. The current pullback is an adjustment in the bull market, lasting about 10 days, and is nearing its end. The season for altcoins has arrived, but a collective breakout has not yet occurred. The market is waiting for Bitcoin and Ethereum to lead the way; currently, only a few individual coins have started to rise early, while most altcoins have not officially begun to increase and are still consolidating in a sideways movement, with the market waiting for a signal of Ethereum's counterattack.
2. Technical analysis: Various technical indicators for BTC (such as MACD, channels, KDJ, etc.) have fallen to low points, and there has been no significant volume during the downward process. If the current support level can hold, the chances for a rebound will increase.
3. Financial situation: A large amount of capital has already appeared at the bottom area for bottom-fishing, which provides support for the subsequent rebound.
4. News front: Trump is expected to take office at the end of January, which may bring more policy changes and positive expectations to the cryptocurrency market. The staking feature for Ethereum is expected to be launched after Trump takes office, which will further enhance Ethereum's attractiveness and is expected to attract a large amount of buying interest; staking applications are likely to surge in January. Meanwhile, before the Christmas holiday, approximately $131 million has flowed into the market, indicating that institutional investors are also looking forward to the launch of staking features.
