Christmas Season Cryptocurrency Market Outlook
1. Current Market Situation
Every year during the Christmas season, the cryptocurrency market shows a similar performance, and it is currently still in a correction state. The rebound after the sharp drop on the 20th has already ended, and the current rhythm of this volatile correction resembles a slow sell-off, which may continue until the end of Christmas.
2. Is the Bull Market Over?
The bull market has not ended. First of all, the interest rate cut cycle has just begun, which is an important macroeconomic favorable factor for the cryptocurrency market. Moreover, there are only a few days left until 2025, and Trump has not yet taken office. As long as he hasn't taken office, the bull market still exists, and it can even be said that the bull market has just begun. This is because the market still holds expectations for potential policies that could be beneficial to the cryptocurrency market.
3. Discussion on Bottom Fishing Timing
So, can we bottom fish after Christmas? My personal opinion is yes, of course, this is under the premise that no other unexpected events occur. For the next couple of days, I only recommend establishing a head position and primarily focusing on short-term trading strategies. Preparations are already underway for positioning after Christmas.
In terms of altcoins, since even the Trump family is bottom fishing and buying altcoins, this to some extent indicates that there are opportunities in altcoins. Therefore, there is no need to worry too much about altcoins; we should adopt a more positive outlook on the subsequent changes in market trends.
