Bitcoin broke through 905 tonight, approaching 910. I think it's just a rally for consolidation, and the main trend in January will either be sideways or still downward.



Trump no longer has stimulus policies to encourage funds to flow into the crypto market; instead, in December, he provided tax deductions.

Although the US stock market has fallen, and gold and silver have retraced, if the funds flow back into the crypto market, it won't be enough to push Bitcoin higher. Plus, the overall trend of the US stock market is bearish, and it will take about half a year to recover.

Although altcoins had a rally today, I think it's just a brief flash in the pan. Usually, Doge leads the run, followed by meme coins. Many tokens haven't shown signs of a bottoming pattern. With projects like Flow already facing issues, we need to be even more cautious with altcoins in the future.
BTC1,44%
TRUMP4,12%
DOGE12,1%
MEME8,06%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)