Currently, the cryptocurrency market is all about Bitcoin having a good time, while other coins are really at hell-level difficulty; too much or too little doesn't work.

Now, when Bitcoin drops by 1 point, the altcoins drop by 5 points. It's truly a Bitcoin bull market, not a shanzhai bull market. Are retail investors being overly sentimental? Bitcoin doesn't experience pullbacks; it just keeps rising.

From today's technical trends, BTC shows a daily top divergence, indicating a phase of peak range, but the smaller time frames remain very strong.

ETH has seen a surge; recently, large funds have been frantically buying ETH. Currently, there are 104 whale wallets holding at least 100,000 Ethereum, which accounts for 57.35% of all existing Ethereum.

Market news:

1. The Federal Reserve will announce its interest rate decision on December 18.

2. The FTX $16.5 billion repayment plan is scheduled for January 3, with the first payment to be made within 60 days.

3. MicroStrategy will officially join the NASDAQ 100 index on December 23, 2024.