In terms of the overall market, Bitcoin is slowly climbing along the 15-day moving average of the Ant Channel on the daily chart, continuously reaching new highs with a very stable trend. From the 4-hour perspective, it also shows a trend of oscillating upward, and the current trend is very similar to that of mid to late October 2020. Yesterday, Bitcoin reached a high of $99,588, approaching the $100,000 mark, and is currently in a high-level oscillation state, with a short-term target directly aimed at the $100,000 threshold.
Compared to Bitcoin, Ethereum's trend is slightly weaker; however, based on historical performance, it often becomes stronger in the later stages of the market. Next, Ethereum is expected to welcome a catch-up rally, especially considering the favorable news from the Prague upgrade in March next year, so from December to February next year, its increase may exceed our imagination.
The altcoin season has already arrived and has just recently started (beginning November 4th). If you are not good at technical analysis and do not understand operations, it might be better to wait until January to February next year to see how things go. Do not make frequent trades!
Among the top 50 mainstream coins, the ones that have not significantly risen in the fifth wave are: BNB, TON, POL, INJ, STX.