Market Analysis: BTC is rising as expected, the upward move has just begun❗❗
I have been predicting for a week that BTC will have another surge by the end of the year, and the rise has finally started as anticipated. Many retail investors are still hesitating, wondering if there will be another increase by year-end? Some retail investors are already saying it's time to exit, thinking 100K is the peak. It's understandable, though; BTC has been hovering around the 100K mark for quite some time, and the price action can indeed be enticing. However, at this position, chasing the high carries significant risks. I repeatedly tell everyone to consider the risk-reward ratio, so it might be worth your while to think seriously about it.
On the contrary, the ETH/BTC exchange rate has lagged behind, and I believe the exchange rate will definitely recover, meaning that ETH is currently undervalued. As for whether you dare to invest, I think most retail investors do not have the courage. Most retail investors would rather chase the high of BTC than pursue the undervalued ETH. The reason is quite simple; it is ingrained in the nature of retail investors: buying high and selling low.
December is a good month for cryptocurrencies, and everyone can look forward to it.
