The probability of the Federal Reserve lowering interest rates by 25 basis points in December has reached 85.1%. Meanwhile, the National Center for Public Policy Research in the U.S. recommends that Amazon adopt a Bitcoin reserve strategy. Some Amazon shareholders are also urging the company to consider including Bitcoin in its treasury.
Bitcoin is currently consolidating around $100,000. From a monthly perspective, the overall trend still leans bullish; although the daily chart shows some short-term weakness, the impact is minimal. The 4-hour chart indicates a short-term dip, with a bearish bias for the day. In summary, there is a possibility of short-term fluctuations downward, but the medium to long-term outlook remains bullish.
Ethereum has recently performed weaker than Bitcoin. Both the 4-hour and daily charts show a downward trend, while the monthly chart remains bullish. Currently, Ethereum is in a consolidation and repair phase, and it is expected to break through its historical high after the consolidation. Market bullish sentiment towards Ethereum continues to strengthen, making the future market worth anticipating.
Mainstream Coin Analysis:
BNB: The current trend is correcting with the market, but the overall trend remains bullish. There is a high possibility for BNB to break through $1,000 in this bull market.
XRP: After a surge of about 400% in November, Ripple is currently in a correction phase. It is expected to mainly consolidate in December, with limited short-term gains.
SOL: SOL's current trend is linked to the overall market, with prices nearing high levels. The outlook for a significant rise in the short term is not optimistic, and there are risks at the current price level.
DOGE: Dogecoin is experiencing a short-term correction today, but another wave of upward movement is expected in December.
BCH: Bitcoin Cash's trend closely follows Bitcoin, and there is still considerable potential for future increases. It is recommended to hold.
AR: AR is linked to the overall market, and there is still significant upward potential in the future. It is recommended to continue holding.
UNI: The short-term price is nearing high levels and may enter a consolidation and repair phase. However, in this bull market, UNI still possesses upward potential.
OP: The trend is linked to Ethereum, and there is still bullish space in this bull market. It is recommended to hold.
Market Summary
Recently, the cryptocurrency market has been quite volatile, with Bitcoin remaining stable at high levels, while altcoins have experienced slight corrections. This correction is a normal adjustment and shouldn't be overly concerning. According to overall data analysis, the market is likely to continue rising after the correction. Overall, December remains a bullish month, and the market's main direction has not changed, so continue to hold!
