I haven’t analyzed the data for my friends for several days. Are you confused?
Market Review and Analysis
The market of Bitcoin is as expected, but the market of Bitcoin is just garbage. If the garbage doesn’t stand up in the next two days, Bitcoin will soon experience a deep correction.
The sentiment brought about by the current rise of Bitcoin is quite Fomo. In the past, we said that Bitcoin would be worth 100,000 US dollars, and we always regarded this number as a slogan. However, now this dream will soon come true. From 312 to 519 to today, in the big cycle environment of Bitcoin, Bitcoin has just broken through to 98140. A Bitcoin worth more than 600,000, I can only say that this Bitcoin is too delicious!
Current situation analysis
The price of Ethereum is around $98,000, and the price of Ethereum is around $3,130. Based on the price trend of the previous round, Ethereum should theoretically have exceeded $5,000 by now, but the current price is nearly double the expected price.
In terms of altcoins, only some low-market-cap altcoins have fluctuated. These currencies have already fallen sharply to the bottom, and their trends are extremely difficult to judge. Many old altcoins have potential risks. If they lack positive performance on the market, they may be delisted by exchanges.
In addition, the Meme market is highly competitive. Investors who are good at operating in this market have made a lot of money, while those who lack experience and enter blindly often end up being trapped or having their positions liquidated.
Looking back at the last bull market, the biggest beneficiaries were the early participants in the DeFi field. Then around November 2020, Bitcoin began to suck blood from the market, and it was not until early January 2021 that other mainstream coins and altcoins began to rebound in retaliation.
In this round of bull market, the development path is from DeFi to Meme. Similarly, players in Meme have gained considerable profits in this round of bull market. The current market environment is a typical Bitcoin blood-sucking market. Bitcoin broke through 100,000 in the past two days, probably around the 23rd.
Market development is phased and transitional, and each track has its own development context and narrative rhythm. At present, many people no longer look at the second pie besides the big pie. To be honest, even people like Niu Ge find it difficult to determine its trend at this moment, but its second position cannot be denied. Perhaps it is just that the time has not come yet.
There are still a few days left. If ETH does not make up for the losses this month, it will have no chance until after New Year’s Day.
Spot sector
The current secondary returns are very low, and almost everyone is trapped. But there is always one good thing, compared with contracts and meme coins, at least it will not return to zero. As long as the coins are still there, there is hope!
At this point, no one dares to be sure whether the altcoin is dead or alive. Everything depends on the actions of ETH. We can also see that if Bitcoin rises, the altcoin will not move. If ETH rises, the altcoin will follow suit. So everything depends on how Ethereum moves!
There is no need to increase or cover spot positions, just hold on to the positions. We cannot sell at the highest point, which was in March this year, and we will not buy at the lowest point. The 49,000 price is no longer in sight. Holding the correct position at the right time is what we can do now!
Play less with contracts, don’t touch leverage, study hard, and improve your cognition, so that you can get the biggest profit in the complex environment later. Newbies should not play with contracts blindly! ! ! !
