10x Research: Expected to have a good start to this year, followed by a slight decline before the release of CPI data on January 15th
Jan 05, 2025 23:41
Odaily Planet Daily News: 10x Research pointed out in its market analysis that although some initial enthusiasm is expected at the beginning of the new year, it is not yet the time to experience a bullish sentiment similar to that of late January to March or late September to mid December 2024. It is expected to have a good start to this year, followed by a slight decline before the release of CPI data on January 15th. Favorable inflation data may reignite optimism and drive a rebound before Trump's inauguration on January 20th. However, this momentum may weaken and the market may experience a pullback before the FOMC meeting on January 29th.
From January to mid November 2024, Bitcoin's dominant position increased from 50% to 60%, posing significant resistance to the performance of altcoins. Although the dominant indicator briefly fell to 53% within three weeks (sparking hope for the altcoin season), it quickly rebounded to nearly 58% and then stabilized at around 55%. This integration highlights the enduring dominance of Bitcoin as the main driving force in the cryptocurrency market, while also indicating that altcoins may face challenges unless Bitcoin's dominant position indicator falls again.
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