Will Bitcoin and Ethereum continue to rise?
Personally, I think there will be an increase, but the extent won't be too large.
Just now, news came out
A certain whale borrowed to short Bitcoin at an average price of about $103,000, with a total position of $43.42 million.
In the past, it was either buying ETFs or buying spot; now, the fact that traders are buying contracts to short indicates that the current trend for Bitcoin and Ethereum is likely nearing its peak.
Why do I say this:
First, the news about the Federal Reserve's interest rate cuts has almost been digested.
Second, the Federal Reserve may not cut rates again after December.
Currently, there are basically no stimulating news for the market.
Next, what will Trump’s presidency bring to the crypto space?
Personally, I think it won't be all cryptocurrencies, but rather those that support Trump's presidency and contribute.
For example, DOGS, PEPE, or others.
Aside from these, I can't think of anything else for now, and there’s also the participation of Trump.
So everyone should pay attention to their operations.
Plus, Christmas is coming soon.
In 2019, Bitcoin fell on Christmas.
In 2020, Bitcoin rose on Christmas.
In 2021, Bitcoin fell on Christmas.
In 2022, Bitcoin fell on Christmas.
In 2023, Bitcoin rose on Christmas.
This year is an unknown, especially after such a significant rise.
Personally, I think there will be a slight pullback.
Everyone should take note!
