On December 26, 2024, the crypto market shows 'risk aversion'. After a rally in the Asian market, concerns about selling pressure during the U.S. stock market opening led to some funds taking profits, resulting in a downward trend. Bitcoin fell below 964, with key support levels at 948 - 943 - 933. Whether it can reach previous lows will depend on BlackRock's stance tonight.

During the Christmas holiday in the U.S., although Wall Street is open, the probability of significant net inflows or outflows of large funds is low. This can be seen as a 'position shakeout'. Before the Bank of Japan's interest rate decision in January, there are no major known negative factors, and only after the holiday will ETFs likely resume positive large net inflows.

The key price levels for Bitcoin, Ethereum, and Solana mentioned earlier require a strong bullish breakout from the main players; small incremental movements are unlikely to succeed. It is not advisable for short-term investors to trade back and forth here, as it can easily lead to emotional decision-making.

Do not attempt to catch the bottom while Bitcoin is not stable. Many altcoins have already increased by 20-30% from previous lows, and the advantage of holding them is not obvious. If you really want to enter, consider holding a small amount of spot positions, and do not add to losing positions unless it is confirmed as a bottom.

Wait a few more days for the end of the U.S. holiday, and the market may return to normal. The probability of a continuous decline and a significant drop in January is low, with a rebound likely in between, but most coins will struggle to return to their starting positions.

For those holding spot positions, support for not opening a 1x long position yet; for those who do not support it, just stay flat. At the latest, you can exit without loss by March. For those who entered the market in March-April this year with poor targets, look for an opportunity to switch positions.