Red Monday: Opportunity or the Calm Before the Bull?
2024-12-10

Greetings, friends.   

Today, I want to take a clear-headed and strategic look at the current situation in the crypto market. We’re experiencing what’s often called a “Red Monday.” Bitcoin is pulling back by roughly 3% for the day, which is just a light gust of wind—nothing unusual. However, altcoins, excluding Bitcoin and Ethereum, are showing much greater weakness. The total market cap of alts has dropped by 6.5%, but it’s already starting to stabilize.  

Here’s the important thing: focus not on the noise but on the key signals. The market is currently in a state of euphoria, with over 98% of Bitcoin’s supply in profit. This is a red flag for those who understand market cycles. History clearly shows that such phases often precede corrections. Typically, the market stays in this state for 2–3 months before retracing by 20–30%. Right now, we’ve been in this zone for two months, and the likelihood of a correction grows with each passing day.  

But listen closely: indicators haven’t yet hit extreme levels. This means the market still has some room to run before we face a correction wave. I see the probability of a 15–20% drop becoming increasingly tangible, but for now, there are no strong signals indicating a reversal. Trading volumes remain steady, which reflects restraint among major players.  

Key levels? They’ve already been outlined. The primary support zone lies between $92,000 and $87,000. This is where significant trading volumes are concentrated and will likely stabilize the market if a downturn occurs. For now, the scenario is clear: we’re likely to remain in the $92,000–$99,000 range until the end of the year.  

Now, friends, the main thing—no panicked decisions. Every market movement is an opportunity for the strong to fortify their positions. A correction isn’t the enemy; it’s part of the cycle that allows us to grow. But don’t forget: strategies need to be prepared in advance. Those who succeed here are not the ones who simply hope for luck, but the ones who come with a solid plan.  

If this perspective resonates with you, let me know. Together, we won’t just endure; we’ll come out stronger. Until next time.  Ahead of us lies a truly bullish market.