December 1st Follow-up Market Analysis
1. Bitcoin is currently fluctuating around 97,000. With Ripple's strong rise, we are replicating the previous market trend. In July 2023, Ripple surged, pulling Bitcoin to a new high. This time, Ripple did not correct due to its collaboration with Trump and has broken new highs again. Bitcoin will break 100,000 by early December, but will not reach 110,000. Altcoins will be volatile. At that time, I believe major media will promote it, and with new investors joining, Bitcoin will correct to over 80,000 mid-month, liquidating a large number of leveraged contracts. We need to seize this window period in early December.
2. As the king of altcoins, Ethereum will cause altcoins to soar as long as it breaks 4,000. For mainstream coins, I recommend buying established coins. After looking at major mainstream coins, I do not suggest new investors jumping in. Although they are all breaking pressure levels, there is always a risk of correction. I recommend buying ORDI, as it is the leading token in the Bitcoin ecosystem. Since the market started until now, it has not surged. From a different perspective, if you were the market maker, would you wait for the overall cycle to rise before pushing it up? The daily candlestick has built a bottom three times in the last two months at the price of 29 dollars. Currently, ORDI is at 40 dollars. We will see Bitcoin break the historical price of 100,000, and the inscription sector may take this opportunity to speculate, only wagering on the spot. Set a stop-loss for ORDI at around 35 dollars, and also consider gradually accumulating some of the second inscription token, Sats.
Cherish life and stay away from contracts; let us encourage each other!
Investment has risks; enter the market with caution.