The cryptocurrency market is not like the A-shares market; when prices rise significantly, consolidation can follow without the need for a major correction.

There are no major events in December, and January 20th marks Trump's inauguration, while March is the Ethereum upgrade in Prague. All of these are positive developments that have yet to be realized.

In trading cryptocurrencies, news is also very important.

In the short term, there is no need to predict the price at this level; if it drops, many will buy the dip, and the downside is limited while the upside is unlimited.

Hold your positions with peace of mind and patiently wait for the day we break past 100,000. Once we break past 100,000, round numbers typically push higher, and at that point, we can think about taking profits or making short-term trades. There’s no need to get entangled in whether to sell and wait for a dip to buy back, or to hold and wait for a rise, worrying about what to do if there’s a correction.

The price has already reached over 90,000, and to be honest, it is indeed very high; many people are selling at this level, but the price just won’t drop, which means someone is buying. I believe institutions are buying. Purchasing at such high prices raises their average holding cost significantly. Institutional investors typically take a medium to long-term view and won’t exit without satisfactory profits.

In this bull market, I believe Bitcoin prices between 150,000 to 200,000 are very reasonable.

As a seasoned investor in the cryptocurrency market, I share my experiences and insights for free. Interested in the cryptocurrency market but don’t know where to start? Follow me and check my profile; I’ll guide you to achieve financial freedom in this bull market.