Today is Tuesday, January 14, 2025, to be honest, the progress of this bull market is really making people anxious, especially for friends holding Altcoins. Recently, many varieties have returned to historical lows, and even hit new lows. To say this is a bull market, Altcoin holders may find it hard to believe, after all, their positions are losing money every day. Yesterday, the A-share market fell to 3150 points, and today it rebounded.
The market always brings hope in despair. Yesterday, I saw many KOLs announce that they had cleared their positions and withdrawn from the A-share market, and the market started to rebound today. Bitcoin directly fell to around 89,000 during the US stock market opening, and Ethereum was even more dramatic, plunging below 2,900 instantly. This is also why I reminded everyone yesterday to seize the opportunity and participate in larger market cap varieties as much as possible, because the fluctuations of other Altcoins are greater, and the needle-like fluctuations are more violent. This is the B-circle, with high volatility, but also full of opportunities!
Speaking of the market trend, yesterday I predicted that this week might be dominated by rebounds, but I didn't expect the needle-like amplitude of Bitcoin to be so deep, so the position must be well controlled. The upcoming rise may not have much impact on you. From a technical perspective, the Bitcoin top-out indicator on Coinglass shows as many as 30 items, but currently none of them meet the criteria.
Therefore, it is not accurate to say that the bull market has ended or reached a top. It's just that at the current stage, very few varieties can achieve a substantial return through Altcoins, and most Altcoins are showing a roller coaster-like trend.
The maximum liquidation amount of ETH yesterday exceeded 20 million. The needle-like drop yesterday may have stopped out many investors who were long around 3,000, which is why the needle was so deep. Since it has already recovered, in the short term, yesterday's low should be the bottom in the near future.
The market always brings hope in despair. Deploy at low levels, hold patiently, and wait for the rebound. If a big rebound can come before the end of the year, remember to take some profits and keep some positions for buying the dips. Remember, the short-term risks have been released, wait patiently for the rebound opportunity!
Finally, there is actually a lot more that hasn't been written, such as specific opportunities and specific decisions, which are often not something that can be summarized in an article.
If you want to learn more about the wealth code, or if you have any doubts, follow the public account: Crypto Conan
