The probability of the Federal Reserve lowering interest rates by 25 basis points in December has reached 85.1%. Meanwhile, the National Center for Public Policy Research in the United States recommends that Amazon adopt a Bitcoin reserve strategy. Some Amazon shareholders have also urged the company to consider including Bitcoin in its asset treasury.

Bitcoin is currently consolidating around $100,000. From the monthly chart, the overall trend still leans bullish, although the daily chart shows some short-term weakness, but the impact is minimal. The 4-hour chart indicates a short-term dip, with an intraday bearish trend. Overall, there is a possibility of short-term fluctuations downward, but the medium to long-term outlook remains bullish.

Ethereum has recently underperformed compared to Bitcoin. Both the 4-hour and daily charts show a downward trend, while the monthly chart still maintains a bullish pattern. Ethereum is currently in a consolidation and correction phase, and a breakthrough of historical highs is expected after the consolidation. Market sentiment towards Ethereum remains bullish, making the future promising.

Mainstream Coin Analysis:

BNB: The current trend is adjusting in line with the market, but the overall trend remains bullish. The possibility of BNB breaking $1,000 in this bull market is high.

XRP: After a surge of about 400% in November, Ripple is currently in a correction phase. It is expected to primarily consolidate in December, with limited gains in the short term.

SOL: SOL's current trend is linked to the overall market, and the price is close to a high. There is not much optimism for a significant upward movement in the near term, and there are risks at the current price level.

DOGE: Dogecoin is experiencing a short-term pullback today, but another wave of upward movement is expected in December.

BCH: Bitcoin Cash's trend closely follows Bitcoin, and its potential for further increases remains significant; holding is recommended.

AR: AR is linked with the market, and there is still considerable room for upward movement in the future; continue holding is advised.

UNI: The short-term price is close to a high and may enter a consolidation and correction phase. However, in this bull market, UNI still has upward potential.

OP: The trend is linked to Ethereum, and the bullish space remains in this bull market; holding is recommended.

Market Summary

Recently, the cryptocurrency market has been quite volatile, with Bitcoin remaining stable at a high level, while altcoins have experienced slight pullbacks. This pullback is a normal correction and should not cause excessive concern. Based on overall data analysis, the market is likely to continue rising after the correction. Overall, December remains a bullish month, and the market direction has not changed; just hold on!

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Investing carries risks; the above content is purely personal sharing and does not constitute investment advice!