The current price of Bitcoin is 98,445. Last night, Bitcoin shook a bit, and the altcoins have dropped by several points again. The current market situation is similar to before, still preying on the recent high popularity.

1. In the past, the first phase of a bull market saw Bitcoin shining alone. The second phase saw old relics becoming mainstream, and public chains taking off. The third phase saw various sectors taking off. It now seems we are in the second phase.

2. SEC Chairman candidate Teresa Goody Guillen stated that she wants to 'make cryptocurrency great again', this statement is regarded as a significant positive for the crypto industry.

3. 100,000 can be seen as a historic level, patience is required for further grinding. However, do not short, Bitcoin is too strong right now, all downward indicators are being digested sideways.

4. They say to buy new coins and not old ones; the market makers are going against your thinking this time, with old relics being lifted while new coins are being preyed upon.

5. On December 19, the Bank of Japan's policy meeting may lead to an interest rate hike, which would be a major negative. The last interest rate hike in August led to a significant correction.

6. Long-term stable profits are the essence of trading; the current FOMO sentiment is still too severe. Money can never be earned infinitely, but it can be lost completely. Surviving in this market is more important than anything.