Correct a point of view:

I have been insisting that there will be a bull run before the Chinese New Year this year. BTC has been rising steadily from around 53,000 on the 9th to a high of 75,000 today. With the popularity of Trump's election, it hit a new high. If it doesn't stabilize above 75,000, I will switch from being bullish to oscillating or even considering short positions today.
The start of a bull run requires steady progress and the stimulation of market sentiment to cyclically drive upwards. In the past half month, it has broken through the oscillation range of the past half year, but the market has not given the expected strong reaction. Therefore, there are doubts about the continuation of the future market. In the next three months, I will no longer blindly go long, but start to turn to oscillation. If it falls below the major support, I may even turn to short positions and patiently wait for the outbreak of the market in the first half of next year.
The bull market still has the second half, if not now, then in March next year. But if this is the case, where will ETH go?
Only represents personal opinions, not investment advice.

BTC-3.61%

ETH-1.2%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

7 Likes

Reward
7
7
Share

Comment

0/400

ThisWillBeAsYouWish

· 2024-11-06 14:47

Grasp the trend and make a fortune in 2024! 💸

View OriginalReply0

Wb3_fish

· 2024-11-06 13:34

Second exploration

View OriginalReply0

CryptoJason

· 2024-11-06 12:06

From the perspective of AltCoin, eth should not be considered as ETH, but as AltCoin leading. Most of your AltCoins are actually at the bottom. In the next month, we will see the sustainability of btc long positions. As long as btc can stabilize above 70,000 and oscillate widely, both AltCoin and eth will have about a month of performance time. I don't directly take a bearish view on the overall direction, I continue to see oscillation and upward movement, but more cautiously than before. There is a possibility of a weekly double top, which has not been confirmed because the supports below have not been tested. Remember to be bullish in the short term. Then, in the next two months, btc will see wide-range oscillation and upward movement. If it falls below 64,000, switch to a bearish view and look for a big double top. As long as it can continue to rise to 75,000, there is a chance of wide-range oscillation and upward movement to 85,000-95,000 before the year-end. At the same time, AltCoin should have an opportunity to perform once.

View OriginalReply0

DeepBlueSea

· 2024-11-06 11:00

Oh no, this trash ETH falls instead of rises

View OriginalReply0

IFeelSorryForYourPa