Today is January 3, 2025. Time flies so fast. It is already 2025. Before New Year's Day, Bitcoin was in a volatile trend. After New Year's Day, the market gradually improved. Bitcoin was also quite strong. It reached a high of around $98,000 in the early hours of last night. However, this wave of rebound did not start to increase in volume. It reached $97,839 yesterday and then began to fall. The current price is running around $96,500, indicating that it is still in a sideways fluctuation stage. New Year's Day is over, but the real liquidity will still have to wait until next Monday, which is January 6th. With the resumption of work of institutions and investors in the United States, market liquidity will gradually recover.
The overall trend of Ethereum is stronger. The support level of 3,300 has not been broken. Many altcoins have also begun to move out of the bottom. Everything is preparing for the big bull market in the first quarter. Now we have passed the first stage of Bitcoin's continuous rise. The second stage requires Bitcoin to pull back or go sideways. Funds will flow to Ethereum and altcoins to start a general rise and sector rotation, which has slowly begun.
In fact, in every decline of the market, as long as we are careful, we can find out which are the strong currencies that cannot fall and are very stable in the daily line, or which currencies are stronger than Ethereum. This indicates that when the market stabilizes in the future, these currencies will definitely rebound first.
In terms of copycat, both game and AI sectors have trends. Yesterday, AI sector ushered in a small wave of compensatory gains. AI, MAGIC, IO and other coins rose yesterday and started to fluctuate sideways today, but there was no obvious correction trend. It is possible that a second wave of rise is brewing. At present, all sectors are ready to move. When the market comes, you only need to hold your own coins, or adjust your positions occasionally, and wait for the rest. Be a friend of time. Although ai16z fell for a short time yesterday because of Binance, it has risen again now. This wave of wind has not yet ended. Let's see if it can drive these secondary coins. WLD and other AIs have not moved much yet. There are more than 20 days before the Chinese New Year, and we can't wait long.
Secondly, BIO is very popular today. My personal opinion on this coin is that some people who used BNB for pledge in the early stage will receive airdrops, so there is still a certain risk of selling pressure. However, the smash is relatively small at present. In the short term, Fengge’s suggestion is to wait and see. However, we must also pay attention to new concepts, and CZ itself pays more attention to biotechnology. Now we just need to wait for the selling pressure of the airdrop to be digested, and then look for opportunities to intervene!
In previous articles, Brother Feng has been reminding everyone to buy at the bottom. If you haven't bought at the bottom yet, I think there will still be opportunities before 1.13, that is, before the unemployment rate of this weekend and next week, 1.10. There may be a wave of opportunities to buy at the bottom at this stage, but whether the market will give opportunities and how big the opportunities will be, there is no way to determine. As for what to buy at the bottom, it has been mentioned many times in previous articles. If you don't know what to buy at the bottom, you can trust me or read the previous articles yourself.
Then wait for the news of Trump taking office on January 20. At the same time, we must also pay attention to policy and macro information. In general, the market situation in the first quarter must be very worth looking forward to. As for what will happen next, let's take it one step at a time.
Today’s article ends here, see you next time!
Investing involves risks. The above content is personal sharing and does not constitute investment advice!