This bottom-fishing is really giving me a headache, and in the end, it just keeps falling down!

The feeling of being fully trapped is truly unpleasant! Who says infinite funds can save the situation? I’m afraid no one has that ability!

By January 2025, with all that excitement, economic data will be popping out one after another: non-farm payrolls, employment rate, CPI, and with Trump’s involvement, the market will be like bungee jumping, up and down without any certainty. At the beginning of the month, it had just risen for a few days, and then it was smashed back to its original state in no time.

On the crypto side, it’s simply heartbreaking to watch. The veterans all understand that this round of the bull market is quite frustrating, not at all pleasant.

Now everyone is either fully trapped and unable to move, or the money they earned has all been given back, or they’re standing on the mountaintop shivering in the cold, the contract traders have been directly liquidated, and some are just continuously buying the dip, like filling a bottomless pit, never-ending.

U.S. Treasury yields have soared to 4.65%, and funds are all rushing that way. Once Trump took office, the debt ceiling issue also had to be resolved, so the market has been in a pullback recently. His policies are changing faster than flipping a book, with constant tariffs and expansion moves, and both the stock market and crypto market have to follow his lead, exhausting.

Technically, yesterday's drop was indeed heartbreaking, but fortunately, someone came in to bottom-fish at 92500. As long as it doesn't continue to fall below the new low today, it can be considered stabilizing.

Short-term fluctuations may be larger, with support below between 93000 and 92500, and resistance above at 95400. The three-day line looks like it has corrected enough, and it may slowly rise afterwards.

If you feel confused and helpless about trading, and want to learn more about the crypto world and cutting-edge information, then hurry up and click on my avatar to follow me, I guarantee you won’t get lost in this round of the bull market!