Yesterday's cryptocurrency market felt like a small roller coaster ride; BTC slightly shook the market. Those market makers wanted to pull the price back but failed, leading to erratic market behavior with sudden rises and falls, causing anxiety among everyone. So, is the bull market in the cryptocurrency space still there?

Analyzing the market:
BTC is still in a high-level oscillating market; currently, the chances of a significant drop or rise are low. Two key support levels have formed at 92,000 and 90,000, only 2,000 away, so the closer it gets to 90,000, the stronger the support!
The upper level is the psychological price point of one hundred thousand, which has not been broken in the previous two tests. One hundred thousand is a significant psychological barrier for most, and it is also the resistance level of the MA30 moving average, so the oscillating market will experience a pullback when faced with pressure and rebound when supported.

Yesterday’s cryptocurrency market was like a small roller coaster ride. BTC shook a little. Market makers wanted to pull the price back, but failed. This shows that everyone is quite satisfied with the price now! Remember, if the price is low, we buy, if it is high, we wait, don’t rush to sell all.

In this way, you are not afraid of ups and downs, and your mentality is as stable as Mount Tai! Don't be too impatient when trading, don't start when you are excited, you need to have a plan and take your time. After all, we are playing for the long term, not focusing on short-term small-scale trading every day.

First, as we all know, the main driving force of this bull market is US capital;

The price of Bitcoin fluctuated between 92,000 and 99,000 this week.
A quick overview of important events this week (12/22-12/28)
Bitcoin dynamics: Bitwise warns that BTC may face a "painful decline" but it is also a good opportunity to buy at the bottom; Matrixport is optimistic that 90,000 to 95,000 is the bottom; Glassnode studies that the retracement of each cycle has weakened, and it may have entered the end of the bull market.
Interest rate: The probability that the US Fed will not cut interest rates in January next year is over 91%; the Bank of Japan hinted that conditions for raising interest rates are ripe.
Musk: xAI completed $6 billion Series C financing with participation of big names.
South Korea: The number of crypto investors has exceeded 15.59 million, and over 30% of the population are speculating in cryptocurrencies.

Bitcoin experienced a rise followed by a drop this week, reverberating around the $96,500 level before the weekend. The Trading View error triggered a black swan event, displaying Bitcoin's dominance dropping to 0%, leading to massive liquidations of longs.
Trading View Bitcoin dominance 'error' plummeted to 0%
Users in the cryptocurrency community reported an anomaly in the Trading View Bitcoin dominance chart, with Bitcoin dropping to $95,000. The error indicated that Bitcoin's share of the entire cryptocurrency market cap had fallen to 0%. This error is said to be the underlying reason for the subconscious trading reaction and has now been corrected.

Bitcoin has the potential to hit new highs (ATHs), driven by favorable policies from the Trump administration, increased inflows into exchange-traded funds (ETFs), and advances in stablecoin technology.
The pro-crypto approach of Trump-appointed SEC officials is creating a more favorable environment for digital assets. Bitcoin hit a record high this year, boosted by the approval of U.S. spot ETFs and Trump's election victory, although some assets have outperformed Bitcoin.

Both Bitcoin and Ethereum will see significant developments by 2025, driven by the expected approval of a U.S. cryptocurrency ETF and the possible establishment of a strategic Bitcoin reserve.

How can retail investors make wealth in the future bull market?
Looking back at this year's crypto market, we can clearly see that the gap between investors is not only reflected in the size of the principal, but also in the speed of obtaining information and the execution of investment decisions.
Principal difference
For most retail investors, the scale of funds is usually limited. Once they are invested in a project and are stuck, there is almost no remaining funds for flexible operation.
Information gap
Retail investors can often only rely on limited channels to obtain information, and more investment opportunities are often seized by investors who know the information early. Many retail investors may not know about the recently launched BIO token until the project is officially launched. However, those whales who conducted research and investment as soon as Binance Labs released the news have already benefited from the early investment stage.

Did yesterday's plunge in Bitcoin make your heart race?
I mentioned yesterday that it was time to take action near 100,000, and it turned out to be quite accurate! So what should we do in the next few days? Let me share with you.
First, Bitcoin may continue to fall; we need to keep a close eye on the levels of 92,000, 88,000, and 85,000. If it really drops, we will buy some spot in batches, steadily and slowly.

For BNB, it is currently fluctuating in the range of 670 to 710. Participating in the launch pool is quite profitable, locking up assets can also yield airdrops, and there is not much selling pressure, with many loyal supporters, making it basically stable. In simple terms, the launch pool is a way for exchanges to indirectly protect long-term holders.

The crypto market sector has retreated for two consecutive days, while CeFi and Hyperliquid sectors have risen against the trend
On December 27, according to SoSoValue data, the crypto market sector has been pulled back for two consecutive days, while the CeFi sector has risen against the trend, with a 24-hour increase of 0.36%. CEX-related tokens in the sector, which rose significantly yesterday, continued to rise, among which BGB rose 28.86% in 24 hours, 72.8% in the past 7 days, and 367.69% in 1 month. In addition, Huobi (HT) rose 11.64%, OKB (OKB) rose 7.01%, Gate (GT) rose 6.69%, HYPE, which fell more than 10% yesterday, rose 6.64% today, and PURR and Hypurr Fun (HFUN) in the Hypeliquid sector rose 5.43% and 7.52% respectively. In other sectors, the DeFi sector fell by 2.78%, the Layer1 and Layer2 sectors fell by 3.05% and 3.88% respectively, and the Meme sector fell by 4.71%. The AI ​​Agents sector, which had the highest increase yesterday, fell significantly today, with a 24-hour drop of 7.7%. Fartcoin (FARTCOIN) in the sector fell back by 17.05%, and Virtuals eco-coins VIRTUAL, LUNA, and AIXBT fell back by 9.64%, 7.02%, and 9.25% respectively.

Today we will review the market and see if Bitcoin has really encountered strong support. Yesterday's market trend First, let's take a look at the market situation. Yesterday, Bitcoin closed with a big negative column (this is the daily line). However, this big negative column did not engulf the opening price of the big negative column of the day before (US$94,500 to US$94,950). Failure to break this point means that a true "evening star" pattern has not been formed. Therefore, there may be some turning points here.

The possibility of a turnaround In yesterday's show, I mentioned that Bitcoin may have encountered strong support and may rebound. However, I think the probability of a rebound is not particularly high, because the market data at the time and the market had just recovered from Christmas, which did not support a strong rebound. Therefore, I suggest that you can do some bottom-fishing around $96,000, using only 20% of the position. Technical analysis: RSI oversold zone Today we will look back at the situation in the early trading. Judging from the small-level chart, the RSI has entered the oversold zone, and oversold signals have appeared many times at the one-hour level. This means that Bitcoin may have encountered a stage bottom. We can also see that the shape of the K-line also supports the phenomenon

The U.S. Department of Labor announced last night (26) that the latest data shows that for the week ending December 21, the number of initial jobless claims in the U.S. fell to the lowest level in nearly a month after seasonal adjustment, indicating that although the labor market is cooling, companies have still avoided a large-scale layoff wave, and this also suggests that the Federal Reserve may not lower interest rates further.
Bitcoin experienced a rapid decline yesterday afternoon, dropping from $98,500 by $3,000, causing many long positions to stop out. It is currently oscillating narrowly above $95,000, although it has broken through $96,000 several times, it quickly fell back, and there is still no clear trend.

The crypto market is witnessing an influx of institutional funds, with top investment firms and traditional financial giants betting on these crypto assets. I have compiled a list of 10 cryptocurrencies supported by institutions like JPMorgan, Grayscale, and BlackRock. They not only have strong capital backing but also possess significant potential in the future market. Want to seize investment opportunities in the crypto market? These cryptocurrencies may be the key you should pay attention to!
Institutionally Supported Cryptocurrency Projects:
AVAX: JPMorgan, Grayscale
LINK: Trump Team, Grayscale, Fidelity

BTC continues to follow the 30-day moving average upward, basically flat with the moving average at 98.9k. BTC's 10W breakout failed, forming a double top. The soft support is around 95,500, and the strong support is near the M head and neck line at 93,000. 100,000 is not a major barrier, but this range is a significant hurdle. There has already been considerable volume in this range, which is not a good situation. We are waiting to see when it will enter a real stabilization period!

The market's attention has now become clear. Institutional and state actions lead the Bitcoin bull, the US president and related ETFs drive the DeFi bull, the on-chain strong narrative leads the meme bull, and the on-chain strong narrative leads the AI bull, along with other altcoins. We only need to focus on two or three sectors to outperform most altcoins. Platform coins BGB and GT have surged in the past few days. It is impossible to buy every coin or capture the gains of all coins, so the best strategy is to hold valuable coins long-term; only time will allow you to enjoy the benefits of the trend. DeSci is a track in this bull market cycle that has not exploded, and it is also driven by MEME, being one of the directions with valuable landing. The chart below distinguishes the priority of potential based on market capitalization, number of holders, liquidity, resources, and vertical narratives. Currently, apart from BIO, URO shows a trend of becoming a new leader on-chain. If BIO goes live, it will bring the DeSci wind, and pre-market trading of BIO has started. Currently, everyone is optimistic about a market cap of 1u. A bunch of DAOs has begun to announce that there will be $BIO airdrops, including but not limited to $VITA, $URO, $RIF, etc. The projects in the chart will give birth to targets with dozens of times the value; interested students can study them in depth. The DeSci track will continue to be hyped next year.

24-hour important news:
1. The probability that the Federal Reserve will maintain interest rates unchanged in January next year is 91.4%;
2. Google released its annual hot search list, with Trump topping the list of people;
3. Pump Science: Airdrops will only count tokens in non-custodial wallets;
4. The Japanese government has made a formal response to the proposal for establishing a Bitcoin reserve: it is still in the discussion stage;
5. This year, 9 new Bitcoin ETFs in the U.S. and MicroStrategy collectively increased their holdings by over 1.1 million BTC;
6. DeSci protocol BIO Protocol initiated a community proposal to 'cross-chain BIO to the Solana network';
7. Citigroup analysts: Six key factors including ETF activity and regulation will help determine the trend of cryptocurrencies in 2025.

Bitget Research Chief Analyst Ryan Lee stated that Bitcoin is currently in a phase of insufficient holiday liquidity. Therefore, after Christmas, market liquidity will recover, and Bitcoin is expected to possibly break through $105,000 again.
With the arrival of Christmas, the market initially expected investors to temporarily withdraw and continue to fluctuate at low points. However, possibly due to institutions or whales seizing the opportunity to accumulate, Bitcoin briefly reached $99,968 at 8 AM today, extremely close to the $100,000 mark.
At the time of writing, there is a slight drop, currently reported at $98,757. Whether it will continue to rise or has already reached a peak and will continue to fluctuate remains to be seen.

Bitcoin has recently fluctuated, and the cryptocurrency market is heating up. If this momentum can be sustained, altcoins may catch fire again. Without further ado, here are the five Ethereum tokens expected to rise from thousands to millions by the end of the year.
The top five Ethereum tokens to buy in December to help you earn millions
Bitcoin's lows are getting higher, and the market looks quite optimistic. Taking advantage of this rebound, let's quickly look at which five Ethereum tokens to buy.
Shiba Inu (SHIB)
Shiba Inu Coin was popular last year; although it has cooled down somewhat this year, its potential remains significant. Data shows that many people are selling now, which might be a good reversal opportunity. Buying on dips could lead to substantial profits. As an Ethereum token, SHIB can rebound impressively.

The last train to spring?
After completing the second test yesterday, Bitcoin rebounded as expected, with a maximum rebound to 99,488, very close to the rebound high of 99,540 on the 21st. However, compared to the trading volume during the decline from the 19th to the 20th, this rebound's trading volume is still relatively small, and the rebound is too steep, lacking sustainability; yesterday, the total net outflow of the four indicative Bitcoin spot ETFs, FBTC, ARKB, BITB, and BTC, was $149.7 million, and Bitcoin ETFs continued to sell off on a large scale.

Considering that there are a lot of trapped positions between 100,000 and 103,000, the probability of Bitcoin breaking upward in this market environment is relatively small, entering a consolidation phase. However, as long as it does not fall below 97,000, it can continue to be bullish! Short-term resistance for Bitcoin: 103,000, short-term support: 97,000.

CryptoQuant analyst stated yesterday (24th) that Bitcoin on Coinbase has shown a negative premium of -0.221%, suggesting that the current purchasing demand from US investors has slightly decreased. The analyst believes this could be a buying opportunity.
Bitcoin initiated a rapid rise last night, breaking through multiple resistance levels, peaking around $99,480 at around 2 AM today, suggesting that bulls seem to have regained upward momentum.
Does the negative premium of Bitcoin on Coinbase indicate a rebound?
This week, Western countries will welcome the most important holiday of the year, Christmas (December 25), leading some investors to worry whether Bitcoin will continue to decline due to a lack of upward momentum.

In the past few days, Bitcoin's price has fallen, but most altcoins have not followed the decline, and today there has been a general rise.
Currently, Bitcoin is being drained by altcoins, and a new round of altcoin season may be coming.
Among altcoins, the DeFi and AI sectors are performing the most prominently, with projects like aave, crv, and usual rising over 20%.

These projects are all related to compliance narratives in the U.S.; AAVE is related to Trump concepts, and CRV is also collaborating with BlackRock.
On-chain AI projects, such as virtual, aixbt, and game, have also rebounded, and the exchange rate of Solana against Ethereum has started to reverse. This indicates that some funds have flowed into the Solana ecosystem.