The cryptocurrency market outlook:

1. The current pullback is an adjustment within the bull market, lasting about 10 days and nearing its end. The season for altcoins has arrived, but a collective breakout has yet to occur. The market is waiting for Bitcoin and Ethereum to lead the way, with only a few individual coins having started early; most altcoins have not officially begun to rise and are still consolidating sideways, as the market waits for a rebound signal from ETH.

2. Technical Analysis: Various technical indicators for BTC (such as MACD, channels, KDJ, etc.) have dropped to low points, with no significant volume during the downward movement. If the current support level holds, the chances for a rebound will increase.

3. On the funding side: A significant amount of capital has already entered the bottom zone for bottom-fishing, providing support for subsequent rebounds.

4. News front: Trump is expected to take office at the end of January, which may bring more policy changes and positive expectations for the cryptocurrency market. The staking feature for Ethereum is anticipated to be launched after Trump takes office, which will further enhance Ethereum's attractiveness and is expected to attract considerable buying pressure, with staking applications likely to surge in January. Additionally, prior to the Christmas holiday, approximately $131 million has flowed into the market, indicating that institutional investors are also looking forward to the launch of the staking feature.