The approach in January is probably similar to that in December:

First hype without interest rate cuts to shake off weak hands, then cut interest rates and explode the shorts!
The essential difference between this year's Bitcoin and previous ones lies in the deep involvement of major institutions and ETFs. However, brothers, you must understand that altcoins do not have these BUFFs, so they are showing the current state where Bitcoin seems to remain at a high level, but altcoins have long been in the deep sea! The market is changing, and our thinking must also change. Do not cling to a Bitcoin price of 30,000-40,000, because you will not wait for it... But also, do not be deceived by high Bitcoin prices; altcoins are already deeply bearish!
However, one thing is certain: the long-term structure will be astonishingly similar. Note that the structure I am referring to is at or above the weekly level... Currently, the weekly level is in the first rebound cycle, and once the rebound ends, it will quickly enter the next downward cycle, roughly at the position of the previous bull market top of 65000-68000, where it will start to build a bottom again! And that position is most likely the bottom of this round of Bitcoin, although we cannot rule out a spike down to around 55000.
PS Summary: This round is in the middle of a rebound during a decline, and the current rebound is likely not yet complete; I see it around 97000... after that, it will enter the second stage of a deep decline #加密王先生 .