On the eve of the Spring Festival, the decline in the cryptocurrency market seems to have become the norm, while increases feel more like unexpected joys. Just like in January last year, many cryptocurrencies also saw their prices plummet. The current rebound lacks the support of trading volume, which is the most pressing issue at hand, as most funds are in a wait-and-see mode.

When the market is not doing well, it might be a good idea to go out for a walk to relax. Friends who lack confidence may want to review the market in January 2024, which also had a downward trend, but then began a major upward wave. Currently, it is highly likely that we are digging a pit and building momentum.

For those trading short-term, it is crucial to patiently wait for a bottom divergence signal to appear before entering the market, or to decisively enter when a long lower shadow appears. Stay alert and seize this rare opportunity before the New Year. The opportunity is just around the corner; once this pit is dug, it will be time to show your skills.