Happy New Year everyone. It's been a few days since I last provided a comprehensive market analysis, so today I'll give a brief overview:

Yesterday, there was news of progress in the US-Iran negotiations, but right after the market opened, Trump again expressed a tough stance on Iran and ordered the production of 22 more B2 fighters. These developments have intensified the geopolitical conflict between the US and Iran, leading to a decline in the US stock market, which in turn has driven cryptocurrencies to continue falling. Market sentiment and capital flow are in disarray, but fortunately, from the exchange perspective, outflows are greater than inflows, indicating that selling pressure is gradually easing.

Looking at BTC's monthly chart, it has found support at the upward trendline. Currently, the price is repeatedly testing around the $60,000 level, which serves as a relatively strong short-term support. The key point to watch next is the daily chart. The MACD on the daily timeframe has already formed a golden cross, but the rebound strength is weak. It could continue to oscillate at this level, and after the consolidation, it might break downward again, potentially triggering a wave of rebound. In summary, the short term will mainly be characterized by oscillation, but the monthly chart still cannot confirm whether the decline has bottomed out. Therefore, the market will likely remain volatile, with the cycle extending over approximately three months.

Panic and Greed Index: 7, hitting the lowest level since 2019, indicating extreme market fear.

AHR Coin Accumulation Indicator: 0.4278
＜0.45, bottom-fishing zone
0.45～1.2, dollar-cost averaging zone
1.2～5, waiting for takeoff zone
＞5, not a good entry point for dollar-cost averaging
Based on the indicator, the market has currently reached the bottom-fishing zone.

Summary: BTC can be gradually accumulated in batches, while altcoins are undergoing value reshaping.