Analysis of the Upcoming Trend in the Cryptocurrency Market:
Market Adjustment: The current pullback can be seen as a short-term adjustment within a bull market, lasting approximately 10 days and nearing its end.
The season for altcoins is about to arrive, but a collective breakout has yet to occur.
The market is still waiting for Bitcoin and Ethereum to lead the way; although some individual coins have already started to move, most altcoins remain in a sideways trend, undergoing a consolidation phase. The overall market is awaiting a rebound signal from ETH.
Technical Analysis: BTC's technical indicators (such as MACD, channels, KDJ, etc.) have fallen to low levels, and there has been no significant volume increase during the decline. If the current support level can be maintained, the chances of a rebound will increase.
Capital Situation: A significant amount of capital has entered the bottom region, providing strong support for the subsequent rebound.
News: Trump is expected to take office at the end of January, which may bring policy adjustments and positive expectations for the cryptocurrency market.
At the same time, the staking feature for Ethereum is expected to be launched after Trump takes office, which will greatly enhance Ethereum's attractiveness and is anticipated to attract substantial capital inflow.
Staking applications are expected to surge in January. Additionally, before the Christmas holiday, approximately $131 million in capital has already flowed into the market, and institutional investors are also looking forward to the launch of Ethereum's staking feature.
