In yesterday's market fluctuations, Bitcoin and Ethereum experienced relatively sharp pin pullbacks. Bitcoin dropped to a low of around 94,200, while Ethereum found support around 3,510. From yesterday's analysis, the area around 3,500 for Ethereum is a very good buy zone, especially for those investors who have realized profits near 4,000, or for those who did not enter previously and now want to layout ETH in preparation for next year's upgrade hype. This pullback provides a good opportunity, with a decline of nearly 600 points from the peak of around 4,100.
This type 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 reality, bottom fishing is always the job of the main players. What we need to do is stick to our established strategy and not be disturbed by the market's short-term fluctuations. At the current pace, this wave of adjustment is expected to last until around December 20, when the Federal Reserve and the Bank of Japan will announce relevant economic data. It is anticipated that risk funds will significantly re-enter the market thereafter.
Short-term swing and medium to long-term layout strategies
In the coming 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, Bitcoin is around 94,000, and ETH is around 3,500. Both price ranges can be good buying opportunities. Based on market trends, the hype around Ethereum's upgrade may begin from around 3,500, with a target price expected to reach around 7,000, approximately by March next year. The potential returns during this process are significant, so after the short-term pullback, continuing to focus on these areas will be a rational choice.
Market strategy: Rational operation, avoid excessive speculation
In a bull market, not everyone can achieve ideal returns. The key to success lies in having a clear plan and executing it, rather than blindly chasing high profits. Frequent heavy speculation may occasionally yield large returns, but it often cultivates a gambling mentality and will eventually be consumed by the market. Therefore, when the market is unstable, especially during significant market fluctuations, we should avoid investing in highly volatile altcoins and high-leverage contracts, and instead concentrate our funds on stable major coins like Bitcoin, ETH, SOL, and BNB. When the market restarts, we can ride the wave for the recovery of altcoins.
Specific layout suggestions
Bitcoin: Bitcoin is around 90,000, buy more as it goes down. This price range is suitable for medium to long-term accumulation, and as the market recovers, Bitcoin's upside potential remains considerable.
Ethereum: The area around 3,500 is a worthwhile layout opportunity. After this adjustment, ETH's target price is expected to be 7,000, suitable for medium to long-term holding.
BNB: Continue to dollar-cost average, target range is $1400~$1800. As a platform coin, BNB has strong fundamental support and is an asset worth holding long-term.
SOL: Although SOL's price is close to $750, it is still a key coin to watch. In the current market, I prefer to concentrate most of my funds on Bitcoin, Ethereum, and BNB, but Solana also has certain investment potential.
Conclusion
In the current market environment, maintaining patience and executing according to the established investment plan is the wisest strategy. Short-term fluctuations are manifestations of opportunity; do not let market emotions dictate your decisions. Rational operations are the way to achieve ideal returns in the upcoming market trends.
