🔥Market analysis:
Bitcoin volatility will continue, ETH will continue to rise in the short term📈
Bitcoin will maintain a volatile trend in the short term. Some friends said, isn't this a very resolute rebound from 91,000? They have counterattacked, so shouldn't they break through 100,000 directly in one go? This is highly unlikely to happen, as the long and short sides have already formed a stalemate. Even if Bitcoin rebounds to 96,000 in the short term, the volume is not outstanding. Judging from the previous MACD line trend, Bitcoin has formed a pattern close to a dead cross on the daily line. However, since Bitcoin still has the power to attack based on the expansion of liquidity, the current attitude is to form a long-short balance, and it will still fluctuate in the short term, making it difficult to break through 100,000.
ETH's rise has not stopped. The ETH/BTC exchange rate is gradually recovering, and we can expect the exchange rate to rise above 0.04. It is expected that in Q1 of 2025, an exchange rate of 0.05 will be seen. By that time, the price of ETH may have exceeded 4500, and it will be very close to the previous high of ETH.
Let us prepare for the carnival of ETH. I repeat what I have said many times, ETH below 2600 is very cheap, but it is a pity that you may hardly see it now.
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