From the current trend, funds are flowing from BTC to ETH, and everyone is starting to expect that ETH will take over from BTC, leading to a wave of altcoins catching up.
It is expected that BTC's market share will gradually decline, and the performance of altcoins will be stronger than BTC. Although from November 18 to 24, MicroStrategy spent 5.4 billion USD to buy 55,000 BTC, the price of BTC only increased by 1,000 USD. Previously, they pushed the price of BTC from 70,000 USD to 90,000 USD with 4.6 billion USD. This indicates that the closer we get to the 100,000 USD threshold, the greater the selling pressure above BTC will be.
From the current trends, data, and news, there haven't been any negative news. Currently, BTC's trend is mainly influenced by market sentiment, and this drop may be due to the FOMO sentiment of American investors fading. This morning, Federal Reserve's Kashkari also stated that there may be another interest rate cut in December.
Therefore, from a medium to long-term perspective, the upward trend is still there, and BTC breaking 100,000 USD is just a matter of time; the pullback is just a way to come back to pick us up! #比特币盘整分析 $BTC