12/11 Bitcoin Ethereum Market Analysis: The trends have been very regular in the past few days, rising during the day and falling at night, with relatively large fluctuations.
Yesterday I mentioned two possibilities: one is the yellow route, where Bitcoin has already peaked around 100,463 and then enters a period of fluctuating decline; the other is the white route, which is currently still in the fourth wave's fluctuation range and will soon start the fifth wave. Personally, I lean more towards the white route.
If it is the white route, then the current position may not break below 90,000, and it might form a triangular fluctuation structure before directly starting the fifth wave. Therefore, at this position, we can start to gradually accumulate long positions. Although the current structure tends to not break, we also need to be aware of possible unexpected situations, such as a brief drop below 90,000. If this happens, we need to reserve enough space for additional positions.
According to the expectations for the fifth wave, the target may be above 110,000. The current fluctuation period has been long enough, indicating that opportunities for long positions are emerging, and everyone can gradually enter the market, but it is essential to manage risk properly and ensure sufficient capital is reserved, in case there is a breakout, there should also be room for adding positions.
Personal suggestion: I recommended 6 cryptocurrencies, which can be tried for long positions after a pullback.