As analyzed in the December 23rd post, both $BTC and ALTs have slowed down and shown reduced volatility over the past week.

Market Overview
Despite BTC's correction triggering fear and negativity across the market, a closer look at BTC's weekly chart (chart 👇) reveals:
            - BTC experienced a sharp rally over 6 consecutive weeks, growing from the $70K zone to $100K zone (a 43% increase). Therefore, a correction is a healthy part of BTC's medium-term growth cycle.
            - BTC's medium-term uptrend structure remains intact, supported by the 8-month accumulation zone from 3/2024 to 11/2024. This uptrend structure will stay valid unless BTC drops significantly back to the $70K accumulation zone.
About Altcoin market, the weekly chart of Total 3 (Total Altcoin Market Cap) shows a trend similar to BTC (chart 👇). After a strong rally, a cooldown is needed to allow Altcoins to re-accumulate and prepare for the next growth phase.

Projected next move for the Market
After a strong weekly decline, both BTC and Altcoins will need time to re-accumulate before reversing and resuming their upward trend. Therefore, over the next 1 to 3 weeks, the market is likely to see reduced volatility and sideways movement.

What should we do at this stage?
For investors who already full bag: Be a diamond hand💪, as this is likely the bottom or close to the bottom of this correction. Don't sell at bottom!
For investors with available capital: This is a good entry to slowly deploy funds. Focus on coins that are holding their value well and trending, such as L1, AI, ...

#BTCNextMove