Followin' the market these days, it's basically BTC charging ahead while other altcoins are slowly following. Although BTC has hit new highs, the other altcoins have also surged a bit (though it's negligible), and once BTC stops its upward push and stabilizes, the altcoins start to plummet, with BTC retracing, causing the altcoins to crash even harder, with many coins experiencing swings of nearly 10 points, rising first and then falling.
Buyin' the dips requires caution, don't rush in. Even though BTC is steadily climbing, once it stops rising and starts retracing, the altcoins will all crash hard.
Because BTC's rise is draining the blood, its fall will definitely drag down the others. At this stage, there's no way for another altcoin season rally.
Now there's also news saying a rate cut is confirmed, causing BTC to break through again and kick off a bigger bull market.
But currently, most altcoins don't have independent momentum, they're basically just following BTC's moves, whether it's a breakout or a pullback. ETH is also just watching to see if BTC can continue its upward assault, and its gains are also very slow.
These coins should all wait for BTC to firmly establish new highs before capital flows in to pump them, otherwise any pumps will be in vain, as BTC can just retrace and drag them back down.
So now we can only wait for the market to confirm, then we'll enter. We may miss out on a bit of the initial profits, but we've already escaped the top at a stage high point, and as long as it's not a straight-line explosion of 30 points, we'll still have an advantage entering.
In a bull market, many people are easily swayed by market fluctuations, missing opportunities, rushing to get in, seeing others' coins pumping and getting anxious to jump in and ride the wave.
Seeing their own coins not pumping, they want to switch positions, seeing big volatility they want to do contracts, chasing pumps and dumps, this is very dangerous. Many people haven't experienced a bull market, clueless when it's pumping, clueless when it's dumping, leading to unstable emotions, can't stand a day without trading, willing to lose money rather than wait, and end up losing it all and becoming numb.
These are all inevitable actions of newbies.
Although I can't let you all join my group and trade with me to avoid these losing moves.
But still, as a veteran, I'd advise everyone, opportunities abound, but you have to preserve your capital first.
Don't keep jumping in here and out there, chasing the thrill, and you'll be spent when the thrill is over, and your capital will be drained too.
If you're willing to follow my approach, it's fine, at least I can guarantee you steady profits without losses, that's the bare minimum.
Even if the platform information is delayed and not as timely as in my group, keeping up with it can still make you steady profits without issues.
Christmas gift? BTC's December performance worth looking forward to
Technical analysis shows that BTC is currently in a "low point continuously supported" pattern, indicating a bullish upward trend, and has formed a "flag-type consolidation" bullish formation, which is often a prelude to further upside.
Furthermore, BTC's performance in December is also worth looking forward to. Looking at historical data, from 2015 to 2023, BTC has risen in December in 5 out of those 9 years, with 2020 even posting an astonishing 46.92% gain, truly a "best Christmas gift".
The "seasonal cycle" of BTC prices, though seemingly coincidental, actually has its reasons. Every tax season from April to May, some investors choose to take profits, causing the market to retrace; while with the arrival of the year-end Christmas holidays, inflowing capital injects vitality into the market, often pushing prices higher.
Next stop $120,000?
BTC's upside potential is far from reaching its ceiling. By the end of 2025, BTC is expected to surge to $150,000. Although some in the market believe the recent month-long rally has already fully reflected the positive factors, this uptrend is just the prelude, the real bull market is just beginning to unfold.
Institutional investors, family offices, and high-net-worth individuals often take time to adapt to the concept of "allocating 1% to 3% of their investment portfolio to BTC and cryptocurrencies", and once this trend takes shape, the influx of capital into the crypto market could see exponential growth.
Additionally, Trump's crypto-friendly policies, the global trend of rate cuts, and China's economic stimulus measures will all be powerful boosters for this rally.
When and how to escape the top?
In the process of BTC's major upswing, the construction of the top is not a matter of a day or two, and investors are often given over a month's time to escape the stage top. As an investor, you only need to set a threshold for this wave's top, and then gradually reduce your position based on that number. No one can sell at the absolute peak except for the gods, selling at a relatively average level is fine. That way, when the pullback comes, it'll be easy to buy back in and increase your coin position. After all, there is a consensus on BTC's long-term value, so everything is done to increase your coin holdings.
