Analysis of the Current State and Trends of the Cryptocurrency Market
Market Phase: The current cryptocurrency market is in a high-level consolidation phase, and the trend has not completely changed.
Short-term Events and Impacts:
There are 8 days left until Trump takes office on January 20, which may bring potential positive news, but such news can only temporarily delay the consolidation trend and cannot fundamentally change the overall direction of the market.
The $100,000 level is a key point, and the market may fluctuate around this level.
Macroeconomic Cycle Analysis:
The bull market cycle has not yet ended, and Ethereum has not yet broken through its previous high, indicating that there is still upward space in the overall market.
The Federal Reserve's interest rate reduction cycle has already begun, and its continuity and cyclicality will not change due to short-term economic data (such as non-farm employment index, etc.) improving.