On January 9, 2025, the price of altcoins fell almost all day, but the price of Bitcoin remained stable at more than 90,000. The altcoins looked like they had turned around from the bull market, but Bitcoin was still hovering at a high level. This kind of market differentiation was rare in the past, which shows that it is becoming increasingly difficult to make money in the cryptocurrency circle. The old altcoin big players of the newly released altcoins have all run away, and those of us who are left to take over are really miserable. In the future, you must be careful when buying altcoins at the bottom, and don't buy too much. When the market fell sharply, there was news that the US government could sell the 69,000 bitcoins they seized from the Silk Road, worth about 6.5 billion US dollars. But this news seemed to have been there before. I remember that when the German government sold the coins, if they really wanted to sell them, they would quietly find big buyers, and they would not shout loudly to let everyone know. So, I think this is a trick played by those who want to make the price fall. In addition, Trump is about to take office. If you are a senior official of the US government, would you rush to sell Bitcoin at this time? Next, we may have to pay more attention to Trump's policies after he took office. He has fulfilled many of his previous promises, and he may come up with some new tricks. Once the policy is good, there will be more tricks in the currency circle, and funds will be willing to come in.
Speaking of the market, I think after this drop, it is almost at the short-term bottom. Bitcoin is around 90,000 and Ethereum is around 3,200. You can buy some at this position, and it is quite good to do swing trading. Of course, any support level may be broken, but as long as you have confidence in the bull market next year, it is okay to buy now. If this rebound is not successful, then wait for the big bull market next year.
The market has experienced a sharp drop. Next, I will prepare some currencies suitable for bottom-fishing as a return plan. If you get lost, come and find it. Like + comment! Choice is greater than effort!
