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During Christmas, I thought the market was about to rise, but after waking up, it was back to the starting point. This wave of volatility is really exhausting.
BTC is especially heartbreaking. A few days ago, there was a wave of expectations around holiday themes, and it looked like it was going to go up, but then it hit resistance and just stopped. Now the market is waiting to see if any catalysts will appear on Friday, but at this pace, it might just continue to watch the show over the weekend.
The situation with ETH is even more interesting. Yesterday, many people analyzed the distribution of large holders' costs, and it turned out that these key positions are basically underwater. Logically, large holders should be taking action, but the key now is whether they still have the bullets to continue buying the dip. That’s the next focus.
SOL has also been digesting its previous gains recently. The overall market is just looking for new support and direction. In the short term, all coins are waiting for a clear signal to emerge.