Bitcoin Trend: Today, the price of Bitcoin surged, breaking its historical high, reaching $108,353, but then quickly fell back to around $104,000. Overall, the market sentiment for Bitcoin is still bullish. It is expected that this short-term volatility will continue around Christmas.
The possibility of Bitcoin breaking through $120,000 by the end of December is very high, so just be patient and continue to hold.
Ethereum Trend: Compared to Bitcoin, Ethereum's performance is currently relatively weak, with more volatile price fluctuations. Based on the recent trend:
- The daily chart shows a short-term rebound.
- The downward trend on the 4-hour level is slowing down.
Overall, Ethereum is likely to consolidate above $3,800 in the short term, and then gradually move upward. Currently, Ethereum's price is still in the "starting stage" of the bull market. This bull market is expected to last 3-5 months, during which Ethereum breaking through $10,000 is not a problem, and it may even surge to $12,000-$15,000.
Reminder: Even if the price suddenly corrects in the short term, do not panic and do not sell easily, persist in holding!
Summary: The overall market sentiment is currently in a state of violent fluctuation:
Bitcoin remains strong, while mainstream Altcoins are in correction, as funds are flowing into Bitcoin.
After Bitcoin breaks through $110,000, the market's funds may flow into other mainstream Altcoins and Altcoins.
Currently, Ethereum has not shown a clear bullish signal, but once it shows signs of an uptrend, other mainstream Altcoins and Altcoins will also follow.
Although the correction of mainstream Altcoins and Altcoins has been quite large recently, do not sell easily. Whales usually conduct a washout before a rally, causing panic selling among retail investors, which is a common tactic.
Viewpoint: The current stage is the start of a bull market, and the overall upward trend is irreversible. As long as you don't do futures or leverage, and hold the spot, you won't be "harvested" by the whales. It is expected that there will be a big rally by the end of December, and January to March 2025 may also be a good time for an uptrend.
Finally, there are many other things that haven't been written in, such as specific opportunities and specific decisions, which are often not something a single article can cover.
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