Currently, the Bitcoin price is still above $90,000, and the market is expected to continue consolidating and adjusting in the short term. It is likely that Bitcoin will fluctuate below $100,000 at the end of November and the beginning of December, and there may even be a relatively deep correction. Nevertheless, the overall market is still in a bull market, and short-term volatility is not a major concern. The important thing is to maintain confidence, as the long-term trend remains bullish.
Ethereum is currently maintaining a bullish daily trend and is showing stable growth. The call options for ETH have surpassed those of Bitcoin, and if this trend continues, capital may start to flow into Ethereum. Once the capital rotation is triggered, ETH is expected to see a significant upswing, so current holders can continue to hold their positions steadily.
Analysis of mainstream cryptocurrencies:
BNB: After a short-term correction, BNB has shown signs of continuing to rise, and investors are advised to hold their positions and wait for the uptrend, as there is still significant upside potential.
XRP: Ripple has seen a relatively large increase recently, and although there may be a short-term correction and adjustment, the long-term trend remains bullish, and investors can maintain an optimistic outlook.
Solana: Solana's price has already risen significantly, and it may face a period of correction. If you have already made some profits, you can consider taking profits at an appropriate time.
Doge: Dogecoin has seen a significant increase, and there may be a consolidation period in the short term. Investors can pay attention to the buying opportunities after the adjustment.
BCH: The performance of Bitcoin Cash is still following Bitcoin, and holding the position remains unchanged. It is expected that there will still be significant upside potential in the future.
Arweave: Arweave has not yet started a strong market trend, and it is mainly linked to the overall market. Investors should be patient and wait for greater volatility.
Uniswap: Uniswap has seen a relatively significant increase recently, but considering the short-term rotation cycle, it is recommended to moderately adjust the position to avoid the risks of excessive price fluctuations.
Optimism: Optimism's performance is still closely following Ethereum, and there may be some upside potential in the short term, which is worth continued attention.
In summary, although the bullish sentiment for Ethereum is gradually heating up, and market capital is flowing into ETH, driving the rebound of mainstream Altcoins, the overall market strength is still not strong enough, and the short-term rebound may only be a temporary correction. In December, the market is likely to see a significant upswing, but there may also be a sharp correction in the short term. Therefore, for short-term traders, it is necessary to respond flexibly. However, for long-term holders, each correction is a good opportunity to enter the market.
