Web3 Market Analysis
First, let’s discuss the indicator observation:
1. From the technical indicators, BTC continues to consolidate around 100,000, with no new breakthroughs. However, consolidation around 100,000 is necessary to solidify the coin price. Only by firmly establishing at 100,000 can it aim for the next target.
2. Greed and Fear Index Observation: Currently 79, up 4 points. Although it belongs to greed, it seems we are approaching extreme greed again. Market enthusiasm continues to remain high, with a large number of profit-takers being very confident in the bull market this year.
3. Observation of the maximum pain point for options in the next 3 months: Currently, there is no maximum pain point exceeding 100,000, so it is expected to continue fluctuating and consolidating around 100,000.
4. ETFS will pause over the weekend, and we will observe again on Monday.
5. According to the RSI index, currently indicators within 7 days are in the overbought range, and the 24-hour indicator also shows strength, with selling pressure still relatively high.
6. From the escape peak index, it is currently in the middle position, with escape peak risk at a moderate level.
7. The hoarding index is currently high, still not suitable for regular investment and hoarding, better to buy on dips.
BNB is consolidating around 740, with an overall K-line trend that is stable and moving upward, solidifying the coin price. ETH continues to consolidate around 4000, only breaking above 4093 would be considered an effective breakthrough. Currently, there is a good chance it might break through within 24 hours and reach a new high.
In summary,
BTC is consolidating around 100,000, and small positions can be built below 95,000, suggesting building up to 80,000. Contracts should not be opened before December 27, and we will discuss it again after December 27.
If you have BNB holdings, you can engage in quantitative trading, making back-and-forth profits. After calculations, the overall growth rate of BNB this year is not significantly different from BTC. Don't expect it to skyrocket to 1000 immediately.
ETH has a small regular investment, still has a chance for short-term returns.