In recent days, with the decline in Bitcoin prices, many friends have begun to pessimistically wonder if the market is failing. The only factors that can currently drive the price up are verbal positives. Since the election ended, Bitcoin has maintained around 95,000 for a while. Later, it was the frequent new appointments that began to push the price up. However, as of today, there has not yet been anything substantial, and instead, we are facing negative news with the SEC slowing down interest rate cuts, so a correction in sentiment is inevitable. The overall trend of the election has not ended; only the election phase has concluded, and the transition phase has not yet taken place. With the inauguration on January 20th, there may be a wave of expectations, such as if Trump mentions cryptocurrency or Bitcoin in his inauguration speech, that would be enough to excite the market. Starting this week, we have entered the Christmas holiday period. Christmas does not necessarily lead to a decline every time; the key is to see how the sentiment is before Christmas. If the sentiment before Christmas is poor, it will indeed affect price trends due to low liquidity. However, this January has enough expectations. Therefore, after the SEC's 'panic' ends, the market will gradually repair its sentiment. Concerned investors have gradually exited during the panic, and what remains are either short-term investors or those brave enough to gamble. Periodic fluctuations are not necessarily bad; after fluctuating around $26,000 for eight months, it quickly surged to $73,000, and after fluctuating around $65,000 for eight months, it quickly surged to $100,000. It is expected to be a deleveraging process, but I prefer to describe it as cleaning out the 'weak' investors. After all, we have expectations for January; let's see what real positives Trump can bring for cryptocurrency next.
Therefore, when liquidity is weak and the market is not good, reduce the frequency of operations and wait patiently.
