Christmas in the U.S. stock market, specifically the Nasdaq, has only experienced a pullback twice in history. Surprisingly, it is the tech stocks that are leading the decline. Is Zuckerberg and Musk digging a pit for Trump? In fact, they have implemented a strategy of falling first and then rising, with a violent surge as Trump approaches taking office.
This showcases Trump's wisdom and strength, while also allowing for some profit-taking, leading to holiday spending by retail investors. Moreover, during Trump's inauguration speech, he invited a group of tech bigwigs to attend. If the market is not favorable at that time and does not give Trump face, the following years could be quite difficult.
Currently, the magnificent seven are all interlinked. Zuckerberg has predicted that AI will continue to surge in 2025, further increasing collaboration with Nvidia. Technology is productivity; the U.S. stock market is merely undergoing a technical pullback, not a systemic collapse. In 2025, the U.S. stock market will continue to rise. For all the bigwigs, the crypto bull market is still ongoing; the drop is the time to accumulate positions, not to cut losses.
From the daily chart perspective, although there was a spike yesterday, the intensity was not great; it should not be the last spike of this round. Currently, the trend still shows a bearish downward movement, with no possibility of a reversal for the time being. However, we are approaching the corresponding bottom area. Yesterday's decline did not show a massive increase in trading volume, nor did it indicate a large amount of capital fleeing the market. BTC has resistance around 99,500 and support around 92,200-90,500-88,000.
On the hourly chart, yesterday displayed a pattern of spikes up and down, significantly clearing leveraged contracts, aimed at confusing retail investors, making them hesitant at this position, preparing for a smooth rise later. If BTC effectively breaks through 93,000, there will be a short-term rebound. Support is at 92,291 and 90,500, while resistance is around 95,499. You can go long at this position, but shorting is not recommended.
From the three-day chart, it can be seen that the pullback has not reached its target; there is still one spike needed. You should place orders in batches; altcoins really need you to dare to get in the game now, as the time or opportunity for everyone is getting less and less. Have you noticed that ETH, UNI, LINK, SOL, DOGE, ENS, etc., are not really dropping much? If you don't accumulate positions in batches, will you wait until it starts to rise and then chase it?
Opportunities only arise during sharp declines; during this period, it is truly a time for buying during a crash. Mid to late January will be a time for a gradual rise, so don't miss out, okay? $BTC