Today's Review Summary;
1: The market has been sluggish today, with Bitcoin only fluctuating about $500 throughout the day, and it only had a brief upward movement after 10 PM before quickly reversing. After all, yesterday saw many people being deceived into long positions between 95300—96000, and there are still positions trapped above between 97800—98500. I continue to be bearish on Bitcoin, so my short position at 97000 is still held. I'm looking at the lower range of 92888—91888 to enter long positions in batches.
2: As for Ethereum, although the on-chain data and ETF funds are showing net inflows, the overall market is still unstable. Additionally, there is a severe lack of funds in the market, and institutions are reducing their capital reserves, which naturally decreases liquidity. The only positive news for the market right now is the potential for Trump to take office next month or a possible interest rate cut. Therefore, we are currently in a window period where retail investors are being repeatedly manipulated by the market makers, suppressing prices to accumulate positions in preparation for a major bull market in February and March next year. Thus, Ethereum is currently in a similar phase as it was from October to November; you should just accumulate positions at lower levels for the remaining trading time.
3: As for DOGE and SOL, they are also in a stage of adjustment and consolidation, both showing weak performance, including the entire series of ecosystems. Recently, there have been no significant movements on-chain, and it seems that Elon Musk hasn't been promoting any coins either, as if everything has hit the pause button at the same time. The next sector worth paying attention to is platform tokens, specifically BNB, or individual tokens related to Binance such as CAKE and THE, which are all worth focusing on as they have shown some performance recently. This morning, I also called for BNB to rise by $30, and I continue to hold the position. Everyone should keep an eye on their orders.