The Nasdaq 100 Index will incorporate MicroStrategy on December 23rd. Once included in the index, it will attract massive capital. Congratulations to MicroStrategy and BTC!
Yesterday, mainstream and altcoins had small fluctuations in the crypto circle. The past 24 hours actually still belong to a consolidation process, with various coins in recovery. Recently, the sharp rise has caused the daily moving averages of most coins to keep rising.
A consolidation and repair phase after a fast bull run is a necessary process; only by solidifying the foundation can we continue to climb higher.
Regarding Bitcoin: the forecast is to maintain consolidation around 98,000 to 102,000. Bitcoin is currently rising continuously; breaking previous highs is low probability. The downward space before December 20 is much greater than the upward space, and there might be another opportunity before January 20.
Regarding Ethereum: very firm, continuously striving to break through 4000 and take off. In the short term, there is great potential for takeoff, but don’t expect this coin to double in the short term since its market cap is huge.
Regarding Dogecoin: as a news coin, it still relies on Musk, especially since it has risen too much in the past month. It’s fine to hold some mainstream coins, as the east may not shine, but the west may. Remember not to play contracts at this position, and I remind you again not to engage in contracts with altcoins during periods of sharp rises and falls.
Will Ethereum soar to 5000? Cherish the ETH below 4000 now!
Currently, altcoins are all waiting for Bitcoin to choose its direction, especially ETH. BlackRock has told the media that it is currently focused on Bitcoin and Ethereum ETFs and has no intention of launching new altcoin ETFs. This is most beneficial for ETH.
The Ethereum ETF has also set a record of continuous capital inflow for 14 days, and the amount is not small, but the price has been fluctuating. From the ETH market, it can be seen that if it weren’t for Bitcoin holding it down, Ethereum would have already wanted to break through 4000. I am very optimistic about ETH experiencing a strong rebound in the future.
My understanding is that ETH is currently in a turnover period, with serious divergence in the market. Weak hands are exiting, while old money from outside is gradually entering.
I believe this turnover period is coming to an end. The net inflow of ETFs will gradually increase the volume, and ETH prices are about to see a real explosion. One can directly refer to BTC ETF; BTC rose 70% after its turnover period ended.
After the BTC ETF just went online, there was a similar turnover period from late January to early February, where weak hands in the market believed the good news had landed, and with the pressure from Grayscale, many exited. Meanwhile, old money from outside continuously flowed in through the ETF.
Currently, the BTC ETF is also experiencing continuous net inflows, but the price has entered a stage of fluctuation. There is still serious divergence in the market, which is also in a turnover phase. Old investors are selling, while MicroStrategy and Wall Street are continuously buying.
Looking at the picture, these Wall Street institutions have been quietly bottom-fishing.
As retail investors, we really don’t need to worry too much. The expectations for a bull market are very clear, so our bottom-fishing actions can be more decisive and not hesitate.
Ethereum hasn't seen a daily increase of 30% or 40% yet; once it starts rising, it will be very quick.
Bitcoin can rise from 60,000 to 100,000 in just a week, with some days seeing a 10,000 increase. If Bitcoin whales can pull it off, there’s no need to worry about Ethereum not moving. We just need to wait for the whales to buy enough low-priced chips first. Clearly, in the past few months, whales bought more BTC chips, and recently, more ETH ETFs have been flowing in. Both will rise; reaching 10,000 is just the beginning, but we need to reduce positions at the previous high of 4800 and the current doubled price point to prevent a spike.
When will altcoins explode? Selected this round of strong coins and this wave of resilient altcoins:
In any case, I believe that as long as the bull is still there, strong whales won't just make a small profit. Summarized, there are several popular tracks: DeFi/staking under the ETH ecology, old mainstream, GameFi, and meme.
For those that are both strong and resilient, they deserve the most attention.
If the characteristic of the first phase of broad increases was sector rotation upwards, then the second phase features a rush to be first!
After the first stage of a broad increase, the market has a profound understanding of mainstream narratives and strong targets. Once it is confirmed that these targets can continue to rise, capital will flood in. The main forces also know that time is tight and tasks are heavy, so they are accelerating their layouts.
At this point, the rotation effect has significantly weakened, and strong sectors and coins must demonstrate super strong capital-absorbing capabilities!
At this stage, frequent rotations are ineffective, making it easy to miss good opportunities. It is wiser to sit tight, hold on, and make long-term plans!
