The current price of the pancake is 105,000. It was mentioned last time that breaking through 102,500 would trigger a wave of market activity. This position is the midline of the 4-hour rising channel and the pressure point of the hourly downtrend line, aiming for the harmonic position of 114,000.
1. The entry position for RAY 5.1 mentioned last time is currently also available. The pattern hasn't broken down, so it can be held.
2. The hope for Ethereum lies in 2025. In the Bitcoin bull market of 2024, Ethereum seems to have failed to keep pace with the market. Bitcoin's dominance rose from 50% to a peak of 61% and then fell back to 54%, while Ethereum's dominance dropped significantly from 18% to 12%. This decline has been particularly evident since the listing of the Ethereum ETF, where its dominance has shown a nearly linear downward trend. At the same time, market focus is gradually shifting towards Solana and other emerging blockchain ecosystems.
3. A certain whale has increased its holdings by 250,000 LINK; follow the whale's buying.
4. The market is performing healthily; we are waiting for ETH to stabilize at 4,000 before altcoins start to rise.
5. This week, the Federal Reserve, the Bank of England, and the Bank of Japan will announce their interest rate decisions. The Federal Reserve is expected to cut rates by 25 basis points, while the Bank of England and the Bank of Japan are likely to remain unchanged. Additionally, the U.S. will announce the November PCE and Q3 actual GDP data.
