“Thanks for holding Ethereum, which keeps me humble in this crazy bull market.” — Group member A
“Congratulations to the total price of Bitcoin + Ethereum for breaking 100,000 US dollars.”————Group member B
Today is November 21, 2024, and there are only 40 days to 2025. Bitcoin seems to be about to achieve the goal of the big bull market ahead of schedule - $100,000. This expectation has been reflected in the futures market in advance. However, although the former runner-up still occupies the second place, it feels far away from the target price of $10,000. Even the exchange rate has repeatedly hit a new low. In this wave of Bitcoin rally, it fell below 0.032. If I must find some comfort, it is that many people are on this boat, including myself. My main position is also in ETH. I can only comfort myself: at least this road is not lonely.
Bitcoin is rising so fast, I would be lying if I am not envious. Looking at the ETH in my hand, including the ETH I exchanged for Bitcoin at some point, I feel mixed emotions. But that's how investment is, few people can reap all the benefits. Bitcoin's bull market is also a meme's bull market. For most people, they have not yet joined this carnival. It's not their intention to watch the fire from the other side of the river, but their own coins haven't risen much yet, so they really can't get excited.
For us, it is barely acceptable that there may not be a big rise. At most, it will rise later. Now there is a worrying situation. If the big bitcoin falls back, the altcoin may fall more than the big bitcoin. Yesterday's market has a bit of this feeling. There was an obvious exchange operation on the market. Some main players chose to exchange the altcoin for the big bitcoin, and then shipped it in the big bitcoin market with good liquidity. However, the main players of the big bitcoin have changed from the currency circle to Wall Street capital. Today's new high shows that the real main players have not thought about ending this wave of market.
In terms of the market, Bitcoin is so strong that you can definitely continue to hold positions, but as mentioned earlier, once Bitcoin pulls back, the sharp drop of the altcoins is inevitable, so you can appropriately lower your expectations for the altcoins and try to hold positions at a low cost. Bitcoin is almost 100,000, and some altcoins don’t even pull up too much. This round of bull market is destined not to be too amazing. After all, the higher Bitcoin pulls up, the greater the risk for the altcoins. It is appropriate to chase the rise at this position, otherwise it may not rise much, and it is inevitable to fall. Bitcoin has been rising unilaterally since 75,000, and it should have a larger correction.
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