Eternal Flame - November 22 Market Analysis

Brothers, Bitcoin is about to break the $100,000 barrier, a dream once considered unreachable is now within reach. Looking back, those who predicted Bitcoin would surge to $100,000 are now seeing their words come to fruition. However, in the face of such rapid growth, have you ever felt, 'If only I had invested in Bitcoin back then, I would be financially free now'? Information and data delivery:

Market sentiment and altcoin performance:

The altcoin market showed slight weakness on Friday, and the recovery trend is not strong enough. There is a lack of confidence in the market regarding whether Bitcoin can stabilize at $100,000, and there are widespread concerns about a sudden pullback. This is one of the reasons why the altcoin rally is not strong enough. However, there is still potential for Bitcoin to reach higher price levels, but theoretically, stabilizing at $100,000 will still take time.

Here, I remind all investors that risk awareness is essential. Referring to the bull market in 2021, the current market sentiment is strikingly similar to that year. Of course, there is a possibility for Bitcoin to continue rising, but any trade should set a stop-loss point.

Fundamental analysis:

The incoming Trump administration has released some positive signals, which is one of the reasons for BTC's continued strength and the ETF's frantic buying recently. However, it is worth noting that Trump's cryptocurrency advisory committee is not a national institution, but a privately formed team, representing only Trump and his family.

At the same time, the Federal Reserve's stance remains unchanged, and there is still a possibility of not cutting interest rates. Next month's non-farm payroll data will determine the Fed's next monetary policy direction, which is a potential bearish factor.

Trading strategy suggestions:

Market sentiment has reached an extremely greedy state, the first occurrence since the bull market of 2021. Being in an extremely greedy state for eleven consecutive days means that risks are increasing. Therefore, in terms of trading strategy, we should be more cautious.

BTC is currently in a high-level consolidation phase, while the altcoin market has provided some recovery opportunities. In particular, the Ethereum series has shown particularly strong performance. Since the U.S. stock market is closed on weekends, and ETFs cannot buy, if BTC continues to consolidate at a high level, the altcoin recovery trend is likely to continue. But please remember, risks always coexist with opportunities. While pursuing profits, do not neglect risk control.