BTC has pulled back 10,000 points in three days, and altcoins are bleeding profusely. But don't panic; it's just a few words from Powell. The logic for mid-term growth hasn't changed.
Bull markets often have sharp declines, which is not surprising. Pullbacks are unrelated to long-term trends; pullbacks are about killing contracts and eliminating high leverage. After cleaning out these high-leverage positions, the music continues, the dance continues, and the bull will run more healthily, reaching new highs again.
During this period, Bitcoin is leading the way while altcoins are still halfway up the mountain. This is truly the most bizarre bull market in history. Bitcoin has been continuously reaching new highs, while altcoins are constantly being cut down, and even Ethereum hasn't reached a new high.

Recently, a piece of news has caused a stir in the cryptocurrency circle. ZFB is actually promoting cryptocurrency.
Considering the recent BTC breaking through 100,000 USD and CCTV’s report, is this a sign of spring coming?
At first, I thought someone was messing around with photoshopped images again, so I quickly opened ZFB to check, and indeed found such a chicken.
The introduction is indeed related to cryptocurrency. I have said before that when Bitcoin reaches $100,000, traditional media will definitely send this news to everyone’s mobile phone screen, but I didn’t expect it to be in this way. It really shows how awesome Jack Ma is. He never forgets ordinary people like us.

Bitcoin has been falling for four consecutive days now, and the decline is not too large. The total drop in the four days is about 10%.

Everyone in the market has been looking for opportunities to increase their positions. In addition, the A-share market was quite crazy before the holiday. Some people began to worry about whether to increase their positions in A-shares or in Bitcoin. Is Bitcoin the last chance to get on board now, or is A-shares the last chance?

If we look a little further ahead, we can clearly see that the sentiment of A-shares has changed significantly, but the fundamentals have not changed. The fundamentals of Bitcoin have also not changed. One is the bad part that has not changed, and the other is the good part that has not changed.

Is the bull still there? What are you thinking? This trip has only covered about 50%; now it’s a pullback and it's only 15%. Why do you think you can keep running without refueling?
Don't say it's a bull market; even individuals cannot keep running forever. They walk a bit, run a bit, take a pullback to rest for a while, and then continue to walk and run. Isn’t this normal?
What? Your account is not down 15%, but 50%. This is how it is when playing with altcoins; it has never changed. The bigger the storm, the more valuable the fish becomes. The financial market has always been like this: 7 lose, 2 gain, 1 break even. If you don’t have comprehensive wisdom or a plan, isn’t it natural to become one of the 7 in the market?

Only Bitcoin is so boring; this is an experience that most people have not had.
For those who only buy and never sell as believers in Bitcoin, there is actually no internal fluctuation regarding rises and falls.
Because this small portion of people are seasoned investors who have seen too many large fluctuations and have seen too many who exited and never came back.
Having exited early, the price then skyrockets, and I get back in at a high, always regretting that I exited too soon; otherwise, things would have been different.
We always desire to go back and do something small in the past to change the present, yet disdain to think about doing something small now to change the future.

Congratulations! Bitcoin reached a new high of $106,646 yesterday. If you haven't made much profit by now, or if earning is very tough for you, it indicates that the direction is wrong.
It is quite surprising that the reading and viewing volume of my article posted on the plaza on the 14th exceeded 100,000. The same copy in the short video account also surpassed 100,000 views.
All my articles have the same content, but the reading volume in the plaza is about 20-60 times higher than on the official account. I am still me, and the articles are still the same; it's just that I changed platforms and environments, resulting in a vastly different outcome.

The cryptocurrency market essentially only has two types of targets: one is investment targets, and the other is gambling targets.
According to the strictest definition of the BTC hoarding party, BTC is an investment target, while others are gambling targets; wealthy thinking tends to make investments, while poor thinking is inclined to gamble.
If financial trading is a sword, then BTC is the king of swords. With BTC and a host of cryptocurrencies, one can quickly ascend to a higher class or just as quickly descend to a lower one.
We all know that the financial market is always 70% loss, 20% break-even, and 10% profit, but we actually do not believe it, or rather, we all think we won't be one of the 70%. However, when you open your account and look, the numbers on the account won't lie; whether you admit it or not, you are either among the 70%, the 20%, or the 10%. The moment you open it is already clear.

Recently, the cryptocurrency market has experienced a sharp correction, especially altcoins, affected by Google launching the latest quantum chip Willow, triggering discussions in the crypto community about the impact of quantum computing on the 51% attack on the Bitcoin network.
Bitcoin has fallen from around 100,000 dollars, once approaching the 94,000 dollar mark, with altcoins generally falling around 20%, becoming the largest decline in the recent market.
Currently, holding around 100,000 dollars worth, the soul-searching question comes: Is 100,000 dollars for BTC expensive?
Retail investors think it is expensive, so they won't buy at this price level, but look at how institutions and large capital are doing.

The long-awaited Microsoft shareholder meeting has finally yielded results, but unfortunately, the outcome is not what the cryptocurrency community hoped for.
Voting results show that Microsoft’s main shareholders opposed the company’s Bitcoin investment proposal on Tuesday. The issue arose because the Microsoft board had previously urged shareholders to consider a suggestion from the National Center for Public Policy Research, which recommended that Microsoft invest 1% of its total assets in Bitcoin to hedge against inflation.
At the shareholder meeting, MicroStrategy Chairman Michael Saylor gave a three-minute speech trying to persuade Microsoft shareholders to support the proposal.

The recent market trend can be considered textbook; you must review it. We can see that when BTC falls by 2%, ETH falls by about 3%, platform tokens fall by about 4%, and altcoins generally drop by 10%. When BTC falls by about 5%, altcoins generally drop by 20%.
When BTC rebounds, especially during a V-shaped reversal, altcoins may not move much, falling with BTC but not rising.
This phenomenon has not just occurred now; it has been the case since the birth of cryptocurrencies over ten years ago. The financial market has no new tricks; it’s just the same old wine in a new bottle—you just may not have realized it.

As Bitcoin breaks $100,000, CZ reposted an old post from 2021 on X platform: If you sell BTC below $100,000, you should slap yourself.
Additionally, CZ had previously posted similar content in 2019: If you sell BTC below $10,000, you should slap yourself.
BTC broke $100,000, and OKX boss Xu Mingxing stated that Bitcoin officially surpassed the $100,000 mark on December 5, creating another milestone in the history of cryptocurrency, showcasing the power of vision and technology.
Holding Bitcoin is not a benefit for Bitcoin itself, but a benefit for the holders; stocks of companies listed in the US that hold BTC have all risen sharply as BTC surpassed $100,000.

I remember when I first entered the circle, BTC was 7,000 US dollars, and now it is 100,000 US dollars. Choosing this industry may be the best thing I have done in my life.

This industry is developing so fast. You may have been a loser four years ago, and then suddenly you became financially free four years later. When you are traveling, you may see some young people who are not on holidays going out to play. They may be from the cryptocurrency circle, retired, and traveling.

If you have coins in your wallet, the more you spend fiat currency, the more you will have. You will never be able to spend it all. When you have a few coins in your wallet, you will understand what I mean.

A large bullish candle, thousands of troops come to meet. On December 4, 2024, BNB surged 23% to reach a historic high of $793, surpassing the previous high of $722 in June.
This day is a celebration for Binance, a celebration for holders, a party for CZ, the next coin to reach a new high after BTC's new high and the new highs of large-cap coins SOL and XRP.

Currently, among the top six market capitalizations, all have broken historical highs except for ETH.

Will the next new high coin be OKB?

Will the next new high coin be ETH?

Or will the next new high coin be ORD?

While BTC is struggling to hold at $95,000, the U.S. has transferred 10,000 BTC to Coinbase, sparking concerns among investors.
The transfer of a large amount of previously seized Bitcoin assets to Coinbase may indicate that the U.S. intends to sell, and the market immediately reacted with the price of BTC opening high and then falling, dropping from a high of 97,356 to a low of 94,395. As of the time of writing, the price is still fluctuating around $95,000.
Data from crypto analytics firm Dune shows that the U.S. government currently holds 183,422 Bitcoins, worth over $17.6 billion. This accounts for about 0.93% of Bitcoin's total supply.

BTC reached a peak of $99,588 a week ago, and after a week of volatility, it attempted to rise again to $98,130 yesterday but retreated with failure, continuing the pullback.
Attacking $100,000 is just a final step. Why hasn't it broken through yet? Will it break the previous high and exceed $100,000 in the last month of 2024?

In fact, BTC has surged from $70,000 to nearly $100,000, pulling the entire cryptocurrency market to a new height. BTC has successfully risen to the seventh largest asset in the world.
This gives altcoins a certain amount of growth space. The current consolidation also gives each altcoin project some time for market cap management.

Currently, the price of BTC hovers around $100,000. If it reaches $250,000 by 2025, what factors support this price?
As the saying goes, seeing $70,000 to $100,000 is not a skill. Seeing $70,000 to $250,000, if it really arrives, then it shows there is some real perspective.
Cathie Wood of ARK Invest said BTC will reach $1 million by 2030, and MicroStrategy's Saylor said it will reach $13 million in 20 years.
In 6 years, 20 years later, everyone doesn't care much. The most concern is still next year, and there are already predictions for the 2025 coin price.
Legendary financial analyst Tom Lee predicts that Bitcoin may reach $250,000 in 2025.

Since the low of $66,880 before the US election, BTC has risen 47%, and has increased by 130% year-to-date.
The excellent performance of BTC relative to traditional assets is undeniable; Bitcoin's market cap has now surpassed Saudi Aramco, solidifying its position as the seventh largest asset globally, with a valuation peaking above $1.9 trillion.
Now Bitcoin is close to $100,000, so the question arises: should we sell now?
The reality is that indeed some investors have started selling. Bitfinex reported unprecedented capital inflows and strong institutional demand for Bitcoin, pushing it close to the historic $100,000 mark; however, long-term holders (LTH) have also started to take profits.

Recently, the ETH ecosystem has surged, with short-term funds flowing from BTC into Ethereum. Since November 21, the ETH/BTC exchange rate has started to rise from the historical low of 0.0318.
It can be clearly seen in the price that the trends of Ethereum and BTC have formed a significant opposition, indicating a seesaw effect of mainstream market funds. ETH is likely to lead the market for a while!
News:
November 26 news, Nick Tomaino, founder of 1confirmation, stated in a post on X, "Ethereum is the world's first 'triple attribute asset':
· Capital asset: Represents ownership shares of the developer ecosystem driving crypto innovation (such as DeFi, NFTs, prediction markets, decentralized social networks, etc.).

Bitcoin has currently dropped from a peak of 99,558 USD to around 91,000 USD, a pullback of nearly 9,000 points, about 10%.
Recently, the long positions in contracts have been quite miserable.
Blowing up the leveraged long positions will benefit the subsequent rise after the pullback. This pullback is expected not to be too much; the shortest might be a week, the longest about half a month, and it will likely reverse in a V shape.
Market news.
1. Bloomberg's senior ETF analyst Eric Balchunas stated that it is not institutions or Bitcoin spot ETFs that have caused the price drop; data shows that long-term holders are responsible for the price decline.