November 22, 2024
It can be seen that Ethereum and the copycats are really heavy. Ethereum has risen 10 points from $3,000 to $3,300, and every group is cheering. When Bitcoin breaks $100,000, no one can be as hard as Ethereum to make everyone happy. Let's talk about Bitcoin first. It is undoubtedly the darling of capital. This wave of pull-ups is still dominated by capital such as Wall Street. The characteristic is that it does not allow you to do those retracements and wash the market. It pulls everyone off the car and then ships through ETFs and other methods. Of course, it is hard to say how much BTC can rise now. $100,000 is already in the bag. It is the consensus of the market to take this large integer point.
According to past experience, the main force will generally step back once or even multiple times at the $100,000 level, because this integer point of market consensus is a very good opportunity for a burst of longs, but so far, Bitcoin has only experienced fluctuations at the hourly level, which strictly speaking cannot be considered as a deliberate step back by the main force. As for the next step, will Bitcoin continue to take the $100,000 level with great momentum, or will there be some repeated market fluctuations? It is time for another test, so I still tend to be conservative, because in addition to Bitcoin, Ethereum's $3,400 is also a small high point on the daily line. Even if Bitcoin has no resistance, Ethereum needs energy to break through.
In addition, the overall trend of the market is still upward, but this time the differentiation is more obvious. The price of Sol has broken a record high. This public chain, which was once expected to fail due to the collapse of FTX, has regained vitality and led this round of bull market to break through the market value of 100 billion. If we only compare the market value, SOL is currently more than 120 billion, and Ethereum is 400 billion. The price of SOL is really not surprising. It can only be said that Ethereum needs to work faster. One is technology first, and the other is capital first. In fact, the accumulation of Ethereum is incomparable to SOL, but capital operation is quick to take effect, there is no way around it.
In the current market, despite complaints, holders will not waver. The overall trend is upward, and coins that have not risen too much will theoretically fall less when they encounter market adjustments. In fact, every bull market will have rotations, with big cakes + hot spots, and then rotation to the old mainstream, such as the recent XRP and DOGE, and then the value mainstream of the previous round, such as DeFi and Ethereum series. The weight of the car is a problem, but the core is still the capital pull, because once the shock range is broken, these believers will not easily sell, and the price will be easily pulled up.
Thank you for your attention and likes. Click to join the Binance chat group. Next, we will start to give out peripherals and red envelopes to everyone in the group.
