The market has arrived as expected, Bitcoin continues to sprint toward $100,000. Ethereum has increased, and the American holiday is almost over. The closing prices from last night to this morning for US stocks, BTC, and MSTR performed well, with MSTR closing significantly higher at $339.4, an increase of 13.2%. Looking forward to next week. Just these two days left of the weekend; enjoy your weekend break, friends.
The main resistance level for Bitcoin is at $100,000, and for Ethereum is at $3,850. If it can effectively break through, altcoins will also see significant increases, with a bullish mindset; the bears will serve as fuel.
As of the current market price, BTC is around 98,000, ETH is around 3,600, and the bullish trend continues. November saw a month of increases, December had a month of correction, and this trend in January before the new year looks promising. The Treasury Department on the 13th and Trump's inauguration should both be favorable supports.
Market aspects
The primary market rises quickly but also corrects quickly: As the saying goes, the secondary market can only let you take over, while the primary can leave you bankrupt, meaning zero. Therefore, caution is needed when dealing with the primary market, as liquidity can be withdrawn at any time. Treat it with a speculative mindset!
Secondary spot: These past few days have also seen a general rise, with old coins starting to rebound. Dogecoin has been calling for buying back at 0.3, and the market is about to break through 0.4 here. Continue to hold; Dogecoin still aims for $1!
You can observe over the weekend; the entire market is ready to take off. It's not too late to position yourself if you have coins you are optimistic about. The altcoin season will explode, and prices will make you dizzy!
All positive news! The first quarter is on the way for altcoins to rise several times:
Before January 20, the market shouldn't have too deep a correction. A large amount of USDT was issued yesterday, with plenty of funds for bottom fishing.
Yesterday, Bitcoin's spot ETF had a total net inflow of $908 million, and Ethereum's spot ETF had a total net inflow of $5.87878 million.
MicroStrategy plans to issue $2 billion in preferred shares to increase its Bitcoin holdings, preparing to buy $2 billion in Bitcoin in the first quarter.
The FTX debtor restructuring plan has taken effect, and the first batch of customers will receive refunds within 60 days. Bio's new coin launch roadmap for January and February expands to multiple chains and introduces new features. Wait for the correction to stabilize before taking action. Ena will release its roadmap for 2025: next month, they will launch 'iUSDe' to enter the TradFi space.
Trump will officially take office as President of the United States on January 20, 2025; focus on Trump's sector.
March's upgrade is favorable; accumulate Ethereum-related series at dips.
Definitely bullish in the first quarter, brothers.