December 5th, Thursday!

✅️ Market Review and Analysis

I am pleased to inform everyone that the first dream has come true, which is that Bitcoin has broken through 100,000 USD. BTC surged strongly this morning, breaking the 100,000 mark in one go.

Bitcoin has been adjusting for more than half a month, and we really should not underestimate the power of capital. The more Bitcoin rises, the fewer chips retail investors hold, while institutional capital continues to increase its holdings. 150,000 USD has evidently become the new target for Bitcoin!

Last night, Bitcoin (BTC) corrected to around 95,000, then rebounded. Starting at 10 AM this morning, it continued to break through, reaching as high as around 104,000, with a fluctuation of nearly 10,000 USD! Ethereum (ETH) also rebounded simultaneously, reaching a high of around 3,900 USD, just close to the phase target of 4,000 USD.

From November 5th, when Donald Trump was elected President of the United States, to today, December 5th, the market has been continuously rising for a month. As previously mentioned, from September 2023 to March 2024, the first round of the market lasted for 6 months, and this round still has at least 2-3 months to go, so just enjoy the cheer!

The target remains 150,000 USD for Bitcoin (BTC), 6,000-8,000 USD for Ethereum (ETH), and above 1 USD for Dogecoin (Doge).

Resistance and Support Levels

BTC Resistance 102,600 / 104,000 / 105,400

Support 101,000 / 100,000 / 98,800

ETH Resistance 3,850 / 3,920 / 4,000

Support 3,800 / 3,720 / 3,650

✅️ Spot Market and Primary Market

The profit effect in the primary Meme market is gradually decreasing, with funds flowing back. The secondary wealth effect is obvious, especially for various low market cap altcoins that have significant room for growth, with many seeing daily increases of over 50%. As always, be cautious with large increases; you can never sell at the highest point, but once a significant rise occurs and you don't sell, the corrections can be substantial. Diversify your investments; don't put all your eggs in one basket. Holding two or three long-term coins is sufficient. For example, if your target for Dogecoin is 1 USD, you can temporarily ignore fluctuations and hold firmly!

Currently, it is still a blood-sucking market for Bitcoin, and altcoins are generally correcting, with a basic correction level of 5-10%. There's no need to panic; if you have plenty of bullets and light positions, you can add a bit. Once Bitcoin rises, Ethereum will follow, and altcoins will naturally rise as well; just hold on!

There are too many altcoins available to buy, just buy the leading ones in the sector!

Today, the overall spot market is in a pullback phase, so watch more and act less, and avoid contract leverage!