Market Trend Analysis (December 30, 2024)


Last week, the overseas market was quiet due to the Christmas holiday. This week, as everyone returns to work, we will see greater volatility. I currently expect the arrival of the bull market to be around January 3rd, as that is when the United States officially finishes celebrating the new year.

Currently, the yield of 10-year US Treasury bonds has surged and hovered at a seven-month high. The US dollar index has risen for the fourth consecutive week, stabilizing above the 108 level. This has put pressure on BTC. As the saying goes, what goes up must come down. With the retreat of US bond yields and the US dollar index, BTC will also be pushed to start.

On-chain data shows
An address bottomed out 2400 BTC in the past few days, worth $2.5 billion. Currently, the BTC inventory has returned to the value of December 25th. With the continued inflow of ETF funds, BTC will return to the $100,000 mark, and more altcoins will rise by more than 20%.
BTC0.8%
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BigWavesWashAwayThe
· 2024-12-30 09:19
src20-luffy is worth buying
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