On Sunday, the large pancake Ethereum is in a sideways trend. Such a good opportunity yet the altcoins are not rising and are experiencing a slight decline, which is a bit strange. The bullish power is starting to weaken, especially with a group of old altcoins that peaked yesterday, showing some leading indicator characteristics. The peak is not quickly established, but the strength is clearly diminishing. I feel that as the year ends, the risks outweigh the benefits. Personally, I believe there will be a significant correction starting in late December. Brothers who want to buy should not rush; once late December starts, your coins will likely drop. For now, we can only trade short-term.
To summarize the key points from this afternoon:
1: BTC continues to enter a volatile market after the spike, with no profit space.
2: ETH is experiencing a pullback in 1 hour, while still in a sideways trend in 4 hours.
3: Trump-related cryptocurrencies: Doge, Xrb, People. There will be continuous hype before Trump takes office.
4: Whales bought in when XRP fell to $2.22, purchasing over 120 million XRP. If it breaks below the strong support at $2.22, it will form a downtrend.
5: Donald Trump's second son will speak at the Bitcoin conference in Abu Dhabi from December 9 to 10, which is a positive sign.
6: From this month until March next year seems logical; the altcoin season has just begun and will last for about 90 days, with continued upward movement after weekly consolidation 📈.
7: Michael Saylor: Suggests the U.S. sell its gold reserves to purchase at least 20% to 25% of circulating Bitcoin, which should be a topic for next year's hype.