Recently, the price of bitcoin has stabilized around 0.09 million dollars and has begun to show signs of recovery. The daily chart indicates a slow upward trend, while the 4-hour chart remains within an upward channel. Overall, there is still room for growth in the monthly trend. It is believed that bitcoin is likely to break the 0.1 million dollar barrier next. Especially after Trump completes the White House transition, it is expected that a series of bullish policies will be introduced, and the market outlook is very optimistic; a bull market may arrive as scheduled.
Meanwhile, the performance of ethereum has been disappointing, and bearish sentiment in the market is gradually intensifying. This is partly due to the strong rise of SOL, as many people begin to believe that SOL may surpass ETH, attracting significant attention in the short term. However, in terms of technical aspects and community influence, SOL still has a considerable gap compared to ETH. Although currently the popularity of SOL exceeds that of ETH, this is just a short-term phenomenon.
Currently, the spot etf in the market is mainly concentrated on bitcoin and ethereum, with over 95% of etf funds in bitcoin. This is also why bitcoin rose from 0.07 million dollars to 0.092 million dollars in November.
If funds begin to rotate to ethereum, it is expected that ETH will experience a more intense rise than bitcoin, potentially breaking the 5000 dollar high. Although many may think that this situation is unlikely to occur, it is believed that the probability of such a breakthrough is quite high.
Currently, the market's spot etf only includes BTC and ETH. Once funds inflow, they will inevitably flow into ethereum. Moreover, the existing amount of funds in bitcoin's etf is approaching 100 billion dollars and is almost entirely held by institutions. Large financial institutions will not invest in cryptos that have not passed through spot etf. Therefore, from this perspective, the timing for ethereum to rise can almost be confirmed, waiting for this wave of market to arrive.
Mainstream coin performance analysis:
BNB: Currently linked to the overall market performance, just continue to hold.
XRP: Ripple has seen a rise recently, and may undergo consolidation and correction in the short term.
SOL: SOL continues to maintain a strong linked trend.
DOGE: Dogecoin's market performance remains strong, with potential for an increase in the short term.
BCH: BCH's market remains strong; continue to link with bitcoin.
AR: AR has not yet started; as a quality coin, continue to hold and wait for the next round of increase.
UNI: UNI is currently in an upward trend; continue to hold steadily.
OP: OP's current trend is bullish; continue to hold, mainly influenced by ethereum.
Summary:
The entire market is currently stabilizing, with mainstream coins beginning to rotate gradually, and some coins have already experienced significant increases. Altcoins have also gone through a wave of market activity, and bitcoin may rise again, leading other mainstream coins and altcoins to follow. Although the market in November may not reach its peak yet, this is just the beginning; a real surge may occur in December or January. Therefore, for retail investors, the most important thing right now is to stabilize the chips in hand, avoid blind operations, and wait for further market development.