There are many positive factors in the market at present. First, the interest rate cut policy may continue to bring positive impetus to the market. Then, events such as FTX releasing funds will inject more liquidity into the market and promote its continued development.
Therefore, the outlook for the cryptocurrency market remains optimistic for some time to come, and the mid-term stage of the bull market is coming. Although there may be fluctuations in the short term, in the long run, the market is still in an upward cycle.
In addition to Bitcoin, the altcoin market is also gradually recovering. Although the prices of some altcoins have rebounded, they still need to go through an adjustment, especially when the leverage is too high. In order to clear these excessive leverages, the market may "shuffle" through short-term large fluctuations.
It is expected that early December and the Christmas period may be a good time to increase positions, and investors should pay close attention to market changes during this period. In addition, CZ recently mentioned that the market may focus on the Ethereum ecosystem in the future, especially the Ethereum Prague upgrade, and it is expected that this event will bring new investment opportunities for Ethereum and its ecological projects.
