In yesterday's market volatility, Bitcoin and Ethereum experienced relatively violent needle-like pullbacks. BTC dipped to around 94,200, while Ethereum found support around 3,510. Based on yesterday's analysis, the 3,500 area for Ethereum is a very good low-absorption zone, especially for those investors who have already taken profits around 4,000, or those who have not entered the market before and now want to layout ETH in preparation for next year's upgrade hype. This round of pullback provides a good opportunity. It has retreated from the high point of around 4,100, with a drop of nearly 600 points.
This kind of adjustment after a sharp drop is a common phenomenon in a bull market, usually accompanied by market panic and short-term greed. Many people always hope to buy at lower prices, but in fact, buying the dips is always the job of the big players. What we need to do is to stick to the established strategy and not be disturbed by the short-term market fluctuations. According to the current pace, this adjustment may continue until around December 20, when the Federal Reserve and the Bank of Japan will release relevant economic data, and it is expected that risk capital will enter the market again after that.
Short-term Swing and Medium-to-Long-term Layout Strategies
In the next week or so, we can adopt a short-term swing trading strategy, but more importantly, we should look for medium-to-long-term layout opportunities during the adjustment period. Currently, BTC is around 94,000 and ETH is around 3,500, both of which can be considered as good buying opportunities. According to the expected market trend, the Ethereum upgrade hype may start from around 3,500, with a target price of around 7,000, and the time node is roughly in March next year. The potential return in this process is relatively large, so it is rational to continue to focus on these areas after the short-term pullback.
Market Strategy: Rational Operation, Avoid Excessive Speculation
In a bull market, not everyone can reap the ideal returns. The key to success is to have a clear plan and execute it according to the plan, rather than simply pursuing excessive profits. Frequent high-leverage speculation, although it may occasionally achieve large returns, often cultivates a gambling mentality, and will ultimately be devoured by the market. Therefore, when the market is unstable, especially when the overall market is fluctuating and adjusting, we should avoid investing in high-volatility Altcoins and high-leverage contracts, and concentrate our funds on stable mainstream coins such as BTC, ETH, SOL, and BNB. When the market starts up again, we can ride the trend and go for the catch-up rally of Altcoins.
Specific Layout Recommendations
Bitcoin: BTC is around 90,000, and the more it falls, the more we should buy. This price range is suitable for medium-to-long-term accumulation, and it is expected that the upside potential of Bitcoin will still be considerable as the market recovers.
Ethereum: Around 3,500 is an opportunity worth layout. It is expected that after this adjustment, the target price of ETH will be 7,000, which is suitable for medium-to-long-term holding.
BNB: Continue to invest regularly, with a target range of $1,400 to $1,800. As a platform token, BNB has strong fundamental support and is an asset worth holding for the long term.
Solana: Although the price of SOL has approached $750, it is still a focus coin worth watching. In the current market, I am more inclined to concentrate most of my funds on Bitcoin, Ethereum and BNB, but Solana also has certain investment potential.
Conclusion
In the current market environment, the wisest strategy is to be patient and execute the established investment plan. Short-term fluctuations are the manifestation of opportunities, do not let market emotions affect your decision-making. Through rational operation, you can obtain the ideal returns in the upcoming market.
Finally, there are still many things that have not been written in, such as specific opportunities and specific decisions, which are often not something that can be summarized in an article.
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