It is normal for BTC to fluctuate around the 88000 position repeatedly. I previously mentioned that this rebound has two key resistance levels: 88000 and 96000. Additionally, a light short position can be taken near 88000. Today, the 88000 level has been hit twice. If it does not break below on the third attempt, we can continue to look for 96000 in this rebound. Maintain patience and don't let a slight fluctuation break your mindset.
This wave in December is not an ordinary market!
Stopping the tapering is not an immediate market rally; it is the first signal before the capital is released. This step represents that the main force has loosened the brakes, but will not immediately step on the gas. A real major market movement generally occurs three to six months after the tapering ends. What you see now is not the peak; it is a preparatory action. Retail investors hear this and want to rush in, but the main force is just quietly buying the bottom positions.
Lowering interest rates is not to save crypto, but to save the overall market. However, crypto is the most sensitive sector to liquidity. Each time there is a stimulus, it is the first to explode. When the US stock market rises, crypto doubles; when the US stock market falls, crypto only corrects. This is a sensitive asset, and that’s why it erupts more violently than stocks. Moreover, both times when interest rates were cut, the market fell. As they say, things don’t happen three times. Last year was similar to the previous bull market. The first two times seemed to cultivate a signal in the market that lowering interest rates equals a decline.
Ethereum's upgrade is not a technical issue understood by retail investors. For the main players, the two most important words are 'upgrade certainty.' Just halved, this combination is most appealing to the main players. Positive outlook for the future, cheap chips, and clean floating chips. Retail investors look at technology; the main players only look at chips.
The altcoin ETF is not just for show.
It is the entrance. Without incremental funds, altcoins won't rise regardless of how good they are. With the ETF, institutions have a legitimate entry channel. The flat market endured by retail investors for five years is not because it lacks value but because there was no entrance. The old era had no ticket, but the new era has opened the floodgates.
The altcoins have been flat for five years not because of a washout, but a blood exchange. Bitcoin has been flat for a year, and Ethereum has just been halved. Altcoins have been suppressed for a full five years. This has driven away all the old retail investors, replacing them with fresh blood. Old players are hard to cut, while new players have not experienced a crash and are easier to cut. Future profits will be consumed by new capital.
This is the blood exchange of the cycle. There have only been four times in the history of the crypto circle: 2013, 2017, 2021, and now it’s the fourth time. The most brutal part is not the decline, but making you not believe before the take-off. The conclusion is not about vision, nor about technology, but about who can endure until the eruption. A ten-year market trend is not created by trading; it is built up. The most painful part of a bull market is not the crash, but the disbelief before the rise!
The bottom chips should be held firmly, don't mess around. What you're betting on is not the coin, but the time compounding and blood exchange cycle.
In terms of spot!
The SOL spot ETF has recorded net inflows for 19 consecutive trading days, with total inflows reaching $510 million. The $XRP Ripple ETF has also seen continuous inflows.
Currently, both Bitcoin and Ethereum ETF funds are still experiencing net outflows. The inflow amounts of LTC and HBAR ETF funds are too small to be considered. Only the SOL ETF and XRP RTF are still seeing inflows. Let’s continue to observe; if BTC rises in the next period, SOL and XRP are likely to rise significantly.
