The daily chart of Bitcoin shows that the pullback is nearing a key support level. Since this is a pullback, we need to pay attention to market trends during the decline to look for effective support and observe whether key support levels will show signs of a stop-loss. Predicting prices alone lacks practical significance; a comprehensive assessment must be conducted by analyzing the changes in bullish and bearish forces within the entire oscillation range.
Interestingly, during this Bitcoin pullback, many strong altcoins seem no longer to follow the decline. However, some weak altcoins have dropped more than Bitcoin. This phenomenon may become more evident in future trends, leading to more severe market differentiation. The strong will become stronger, while the weak will become weaker; this trend will bring us new challenges and tests.
From being full of confidence in the bull market at the beginning of the year to hoping to break even by the end of the year, many investors in the crypto circle have experienced this mental journey.
In the absence of obvious bullish or bearish factors, judging market trends solely based on price increases or decreases may not be accurate. Currently, the support level does show signs of moving down, which was mentioned yesterday. Due to the current liquidity being at a low point, we will not consider the downward movement of support for now and will reassess the relevant data after liquidity recovers next week.
Overall, I have always emphasized that market changes are closely related to the trend cycle of Bitcoin (BTC). In a rising trend, if you believe that BTC will continue to rise, then you should decisively buy and hold.
An upward trend is not always smooth sailing; it will inevitably experience extreme FOMO, consolidation, high-level fluctuations, and pullbacks, which will ultimately conclude this wave of increase. When you believe the BTC upward trend has ended, you may consider selling.
Currently, the first quarter of next year is still worth looking forward to. Therefore, during this period, we need to patiently wait.
Today's fan Q&A:
How is Bonk?
The overall adjustment of meme coins has been quite long, 26-28 is a strong support.
How is ONDO for the long term?
Personally, I think it's fine; this is the leader in RWA.
Is there still a chance for BGB?
This coin has surged too much in the short term; let's take a break and talk later, and the good news has all been released.
What is the short-term outlook for ARB?
Wait for the aunt to reverse; such coins are just leveraged aunt spot trades.
Why is DAR surging so much? Yesterday at 11 it was only over a million in trading, and today it directly hit 40 million and topped the gainers list. If it's a coin swap, why is it pulling up? After the swap, should we still hold this coin? Thank you, teacher.
Currently, the market lacks enthusiasm, which is why such coin swap concepts are being hyped. From the trend, it is overall at the right side of the major cycle bottom, so it can continue to be held. After the coin swap, it may also perform well.
When should we buy the dip for Dogecoin, and when will the large cycle of altcoins come?
We can consider buying in batches below 0.28. After the yearly and monthly lines are collected, let's see what happens in a few days when the foreign investors are back at work; it is estimated that there may be market activity around mid-January.
Is holding spot just lying flat? Do we need to hedge with light positions?
If you're stuck in a position, just lie flat; it's not a big deal. Now it's about using time to wear people down.
Has the big coin bottomed out?
Based on the bull market's decline, 20% is about right; it is almost there. Now it is the extreme temptation to short, waiting for a reversal.
