The cryptocurrency market has been volatile these past few days, with the market being thoroughly washed out.
The Microsoft shareholder meeting mentioned earlier resulted in a vote against the Bitcoin investment proposal. Additionally, Google announced the quantum chip Willow, causing significant market fluctuations, leading many small investors to cut their losses. However, the net inflow for the Bitcoin ETF has remained.
Last night, the U.S. November CPI was released as expected, and the funding rate dropped directly to 0. The pressure is off, and the market is easier to pull. It rose back to $100,000 last night.
So where is Bitcoin headed next?
In January next year, when Trump takes office, there are reports that he hopes Bitcoin can reach $150,000 in the early stages of his term, which may not be unfounded, as he proposed using Bitcoin as an asset before.
Why did Trump accept and start supporting Bitcoin?
Musk said that the $35.7 trillion debt is likely to push the beautiful country into bankruptcy, which would also send Bitcoin soaring. So it is certain that more favorable policies will be released at that time, and the second largest $ETH may rise along with altcoins.
Friends, do you think Bitcoin can reach $150,000 next year?
Back to today's daily $BTC market analysis, looking at the K-line, the 1-hour level shows a downtrend, the 4-hour level shows an uptrend, the 12-hour level has entered an uptrend, and the daily level's uptrend has yet to be confirmed. The intraday resistance is at $102,600, with support at $98,230.
The bubble continues to inflate.
Last night, the U.S. CPI report met expectations, and rates are set to drop again in December. The Nasdaq surged into the 20,000-point era, embarking on a new journey, and Bitcoin also broke through $100,000 again in response.
After multiple rate cuts next year, how big will the bubble inflate?
The Nasdaq at 23,000 points? 25,000 points? Bitcoin at $140,000? $180,000? It's hard to imagine how a distributed rate-cutting cycle will keep pushing assets up until the end of the rate cuts, leading to a collapse. Let's enjoy the dividends from currency depreciation and asset appreciation together!
There is no such thing as a better or worse time, only relatively good or relatively bad times. Pursuing perfection often leads to nothing.
Observe the medium to long-term odds (cost-effectiveness) and stay alert. Invest more when the cost-effectiveness is high. Reduce positions or hold safer assets when the cost-effectiveness is low.
Contrarian investing means doing the opposite of what the majority is doing. If your reaction is similar to most people, then your actions will be much like those of ordinary investors. Contrarian investing is difficult, but you should strive to try. The most important thing in investing is to reduce positions at relatively high levels or increase positions at relatively low levels, rather than chasing the highest and lowest points.
No one can accurately judge when the market is at its highest or lowest.
Exciting news! Financial giants are spending $500 million! They're frantically buying $ETH!
According to exclusive monitoring by ARKM, a shocking 'Ethereum storm' has erupted in the financial markets!
The two financial giants—BlackRock and Fidelity—have spent $500 million in just two short days on their spot Ethereum ETFs to buy ETH like crazy!
How did these two companies create such a huge wave in the crypto market? They mainly completed this high-priced transaction through Coinbase or its crypto service platform Prime designed for institutions!
This move undoubtedly brought a huge shock to the crypto market, and the price of ETH has risen accordingly. Investors are speculating whether this signifies the arrival of a new era for Ethereum.
How will this major move by financial giants affect the future trends of the crypto market? Let's continue to pay attention!
