Lately, I often hear people asking why the price of

decreased so sharply.

There is no doubt that the core of the problem is investor apathy.

Since mid-March, the price has fallen from around 4k to almost 2k, almost cut in half. If it weren't for the good news from the 50bp rate cut on September 18, the price would have plummeted straight to 1600.

Yesterday, Bitcoin surpassed $100,000, giving many people hope. This morning, it started to correct, dropping from a high of over $104,000 to around $90,000, a decrease of about $14,000.
It can be said that this is a very successful correction, such fluctuations can only be seen in a bull market. So what caused this decline? The first reason is that former U.S. Treasury Secretary Larry Summers criticized the idea of national Bitcoin reserves as too crazy. The second reason is that the price is too high, many institutions began to sell off to recover capital, and retail investors followed suit. However, many people were unable to escape before the price started to plummet; it can be said that this correction was intentional.

EXPLORE THE GROWTH OF CHROMIA ($CHR ): KEY FACTORS DRIVING ITS MARKET POTENTIAL Chromia ($CHR ) has EXPLORE THE GROWTH OF CHROMIA ($CHR ): KEY FACTORS DRIVING ITS MARKET POTENTIAL

Chromia ($CHR ) has emerged as a promising contender in the blockchain space, offering significant growth potential. Its success lies in its unique architecture, combining the benefits of relational databases with blockchain technology. This makes Chromia particularly well-suited for decentralized applications (dApps) that require complex data processing, a key feature that sets it apart from traditional blockchain platforms.

SOL only fell for four days, many people have a negative perception, just yesterday someone said they would remove it from their list.

Still too hasty, the market will rise to a level where you have to bow down, if you ignore it you will regret it. From SOL's lowest point last year at 8-13 at the time of entering the order, to the recent high of 264, the development process is clearly in front of us, occasionally there will be a bit of discomfort in the short term, but it has never harmed many investors, along the way countless short-sell armies have been buried.

Bitcoin continues to dominate the cryptocurrency market, hitting a record high above $90,000 in November 2024, representing an impressive 100% increase from the beginning of the year. Analysts are bullish on Bitcoin’s trend, predicting a potential rise to $100,000 before the end of the month, fueled by post-halving cycles and favorable market trends. History shows that November has been a strong month for Bitcoin, with average returns exceeding 44%, consistent with its current momentum.

Yesterday, Bitcoin had a correction, and as of now, the price has dropped to around 92300, many friends feel confused and worried about the sharp decline, fearing that the bull market will stop.

In fact, a small correction is completely normal, there is no need to panic. Currently, Bitcoin's correction is expanding, with support at 92000, this support point has been mentioned before, next we will see the market trend, whether it will rely on this support level to start fluctuating, or drop straight below.

BTC : In the morning, the market experienced a recovery in 15 minutes, currently successfully reaching the shore, next particularly pay attention to the price level 94775.19 for both buyers and sellers, the current green circle point has been maintained, enter a buy order near the green circle point, the resistance level is close to two positions 96536.5-98415.1, profit can reach 4.91% certainly, recommended for short-term trading, no pending orders allowed.

When a hair is pulled, the whole body is affected; when the price of Bitcoin adjusts, other coins also collapse. A few recoveries have led people to believe that 100,000 will be broken, but unfortunately, the heavens do not favor us. The high fluctuations have finally started a correction phase this week. Last night I said, first look at 89,000; when this position is reached, it will be a correction of 10,000 points.

Bitcoin recovered yesterday, but has temporarily not been able to surpass the 100,000 point threshold and has undergone a correction. So how should we respond next?

Bitcoin reached around 97,200, with weak upward momentum, and during the night it continued to surge past the new high to around 99,650, just one step away from hitting 100,000 points.

Technically, on the daily timeframe, it is still a strong upward trend, but on the 4-hour timeframe, the upward force is insufficient. Although it has increased by several thousand points from 90,000 to 92,000, currently the 4-hour timeframe still has the risk of a peak divergence, so special attention should be paid to the correction force here. The level of 96,500 must not be broken; if it is broken, it may adjust to around 93,000, making it more difficult to surpass 100,000.

Holding Ethereum ($ETH ) over the next five years is a strategic decision based on its long-term growth potential and its important role in the evolving cryptocurrency landscape. Here are some key reasons to consider holding ETH during this period:

Strong Network and Ecosystem: Ethereum is not just a cryptocurrency—it is a decentralized platform that provides smart contracts and decentralized applications (dApps). The Ethereum blockchain is the backbone for many industries, from decentralized finance (DeFi) to gaming and non-fungible tokens (NFTs). This wide range of use cases gives ETH strong utility that is expected to drive demand in the coming years.