【2024-12-16 BTC Trend Analysis】

Recently, let me briefly explain the current situation. Bitcoin is currently in the initiation phase of a bull market. Everyone knows that once a bull market is initiated, about 50% or more of altcoins will also rise. Bitcoin has been fluctuating at a high level for nearly half a month without any signs of a deep correction. If this wave of high-level fluctuations begins, it will definitely continue to reach new highs. However, for those who want greater profits, a deep correction must occur first to gain strength.

Recently, we have been encouraging everyone to position themselves for this wave of spot entry. As for why we are calling for spot positioning, it is because this is the start of Bitcoin's bull market. Some people may not understand why it needs to be held for so long; spot generally involves long-term holding. There are altcoins that can profit in the short term and exit, but they are rare. However, once you seize this wave of the bull market, the profits will be greater than trading contracts. I expect this bull market to end between June and October 2025 (based on personal technical predictions, excluding news impacts). As for whether everyone has the patience, I am not sure. If Bitcoin does not experience a deep pullback, I will firmly hold the recently positioned spots.

What impact will January have on the cryptocurrency market? From the news perspective, Bitcoin is likely to experience another price increase in January because Trump will be entering the White House. Everyone knows that Trump’s presidency brings a wave of good news for the cryptocurrency market. This wave of fluctuations will likely be driven by Trump's inauguration in January, initiating a new round of the bull market. Today, Bitcoin has reached a new high again, and from a daily chart perspective, it is fluctuating upward. For slightly weaker altcoins, the situation may be quite dire, so we can position ourselves in strong altcoin varieties.

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