In yesterday's market fluctuations, Bitcoin and Ethereum experienced significant pin-reversal adjustments. Bitcoin dipped to around 94,200, while Ethereum found support around 3,510. From yesterday's analysis, Ethereum around 3,500 is a very good low absorption zone, especially for those investors who have already taken profits around 4,000, or those who did not enter before and now want to layout ETH in preparation for next year's upgrade hype; this pullback provides a good opportunity. It has retraced nearly 600 points from the high of around 4,100.
Such sharp declines followed by adjustments are common phenomena in bull markets, usually accompanied by market panic and short-term greed. Many people always hope to buy at lower prices, but in reality, bottom fishing is always the work of the main forces. What we need to do is stick to the established strategy and not be disturbed by short-term market fluctuations. Based on the current pace, this adjustment is expected to last until around December 20, when the Federal Reserve and the Bank of Japan will release related economic data, and risk capital is expected to significantly re-enter the market thereafter.
Short-term swings and medium to long-term layout strategies
In the coming week, we can adopt a short-term swing trading strategy, but the key is to look for medium to long-term layout opportunities during the adjustment period. Currently, Bitcoin is around 94,000, and ETH is around 3500; both price ranges can be good buying opportunities. Based on market trend expectations, the hype surrounding Ethereum's upgrade might start from around 3500, with a target price likely reaching around 7000, approximately by March next year. The potential returns during this process are significant, so after the short-term pullback, continuing to focus on these areas will be a rational choice.
Market strategy: Rational operations, avoid excessive speculation
In a bull market, not everyone can achieve ideal returns. The key to success lies in having a clear plan and executing it, rather than blindly chasing massive profits. Frequent heavy speculation may occasionally yield big returns, but it often fosters a gambling mentality that will ultimately be consumed by the market. Therefore, during unstable market conditions, especially during major market fluctuations, we should avoid investing in high-volatility altcoins and high-leverage contracts, and instead concentrate our funds on stable major coins like Bitcoin, ETH, SOL, and BNB. When the market starts up again, we can take advantage of the altcoin rebound.
Specific layout suggestions
Bitcoin: Bitcoin is around 90,000, buy more as it dips. This price range is suitable for medium to long-term accumulation, and as the market recovers, Bitcoin's upward potential remains considerable.
Ethereum: Around 3500 is a worthwhile layout opportunity. After this adjustment, ETH's target price is expected to be 7000, which is suitable for medium to long-term holding.
BNB: Continue regular investments, with a target range of 1400 to 1800 USD. As a platform coin, BNB has strong fundamental support and is an asset worth holding long-term.
SOL: Although SOL's price is nearing 750 USD, it is still a key coin to pay attention to. In the current market, I prefer to concentrate most of my funds on Bitcoin, Ethereum, and BNB, but Solana also has certain investment potential.
Conclusion
In the current market environment, maintaining patience and executing the established investment plan is the wisest strategy. Short-term fluctuations reflect opportunities; do not let market emotions dictate your decisions. Through rational operations, one can achieve ideal returns in the upcoming market.
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Investing carries risks; the above content is personal sharing and does not constitute investment advice!