The cryptocurrency market is different from the A-share market. When prices rise significantly, they can consolidate and continue to rise without the need for a major correction.

There are no major events in December, and January 20 is when Trump takes office, and March is the Ethereum Prague upgrade. These are all positive developments, and the benefits have yet to be realized.

In crypto trading, news is also very important.

In the short term, there's no need to predict the price at this level. If it drops, many people will buy the dip, and the downturn will be limited while the upside potential is unlimited.

Stay calm and hold your positions, patiently waiting for the day when we break through 100,000. After breaking through 100,000, it usually pushes higher at major round numbers, and by then, we can think about taking profits and trading in waves. There's no need to get caught up in whether to sell now and wait for a dip to buy back, or to hold and wait for a rise, and what to do if there's a correction.

The price has already reached over 90,000. To be honest, the price is really high, and many people are selling at this level, but it just won't go down, which means someone is buying. I believe institutions are buying. Buying at such a high price raises their cost basis significantly. Institutions tend to invest with a medium to long-term perspective and won't exit until they are satisfied with their profits.

I think it's very reasonable for Bitcoin's price in this bull market to be between 150,000 and 200,000.