1. The current pullback is an adjustment in a bull market that has lasted for about 10 days, and the time is basically coming to an end. The season for altcoins has arrived, but a collective outbreak has not yet occurred. The market is waiting for Bitcoin and Ethereum to take the lead; currently, only a few individual coins have started early, while most other altcoins have not yet officially welcomed a rise and are still in a sideways consolidation phase, with the market waiting for the signal of ETH's counterattack.
2. Technical Aspect: BTC's various technical indicators (such as MACD, channels, KDJ, etc.) have all dropped to low points, and there has been no significant volume during the downward process. If the current support level can hold, the chances of a rebound will increase.
3. Financial Aspect: A large amount of capital has already appeared in the bottom area to buy in, providing support for the subsequent rebound.
4. News Aspect: Trump is expected to take office at the end of January, which may bring more policy changes and positive expectations to the crypto world. Ethereum's staking function is expected to be launched after Trump takes office, which will further enhance Ethereum's attractiveness and is expected to attract a large amount of buying, with staking applications likely to surge in January. Meanwhile, before the Christmas holiday, approximately $131 million has flowed into the market, indicating that institutional investors are also looking forward to the launch of the staking function.