Bitcoin Trend:
Today, the price of Bitcoin soared, breaking the historical high, reaching $108,353, but quickly fell back to around $104,000. Overall, the market for Bitcoin is still bullish. It is expected that this short-term volatility will continue around Christmas.
By the end of December, the possibility of Bitcoin breaking $120,000 is very high, so just be patient and continue to hold.
Ethereum Trend:
Compared to Bitcoin, Ethereum's performance is currently weaker, and its price fluctuations are more severe. From recent trends:
The daily chart shows some short-term recovery in the market.
The downtrend on the 4-hour level is slowing down.
Overall, Ethereum will consolidate above $3,800 for a period of time in the short term and then gradually rise. Currently, Ethereum's price is still in the 'beginning stage' of the bull market. It is expected that this wave of bull market may last for 3-5 months, during which Ethereum is likely to break $10,000, and it might even surge to $12,000-$15,000.
Reminder: Even if there is a sudden price correction in the short term, do not panic and sell easily, hold on!
Summary:
The overall market is currently in a state of intense volatility:
Bitcoin continues to be strong while mainstream coins are correcting, mainly because funds are flocking to Bitcoin.
Only after Bitcoin breaks $110,000 will market funds likely flow into other mainstream coins and altcoins.
Currently, Ethereum has not shown any significant signs of a major increase, but once there are signs of an upward trend, other mainstream coins and altcoins will also rise.
Although the recent correction of mainstream coins and altcoins has been significant, do not sell easily. Market makers often manipulate the market before a rise to make retail investors panic and sell, which is a common tactic.
Opinion: We are currently in the phase of a bull market startup, and the overall upward trend cannot be changed. As long as you do not engage in contracts or leverage, and hold spot assets calmly, you will not get cut by market makers. It is expected that a big surge will occur at the end of December, and January to March 2025 may also be a good time for an increase.
Today's article ends here, welcome to play together on the homepage~
Investment involves risks, the above content is a personal sharing and does not constitute investment advice!
