The sentiment index of the encryption market has soared to 90, reaching the so-called "extreme greed" state. This high-risk emotional state means that the market is undergoing a rapid pump cycle, but it also means that the risk of a bubble is gradually increasing. BTC continues to hit new all-time highs, but the room for growth has narrowed. However, according to the current market sentiment and trend, breaking through the $100,000 mark is not impossible. Especially in the current economic environment, the interest of many investors in encryption assets has surged, and the speed of funds flowing into the BTC market is also accelerating. In addition to BTC, the performance of some AltCoins is also quite remarkable. Projects like bonk have driven a big pump in the entire RWA track, and there has also been a noticeable rise in public chain projects like Hbar and Xtz. The big pump in the prices of these projects has brought great attraction to investors.

💎
Recently, BTC has been oscillating at high levels, with downward signals during trading hours and rebounds during after-hours. Currently, the trend of BTC remains strong. Don't be too greedy to short, and it's more stable to go long on pullbacks. It is expected that BTC will continue to rebound in this upward trend, and there is a good chance it will reach or even return to 120,000-130,000. The cycle is expected to be reached around New Year's Day. During this period, BTC is oscillating at high levels on a smaller scale. It is recommended to go long on pullbacks in trading. The upward trend may not be as sharp as before, but it will gradually push higher.
💎
ETH broke through the bottom oscillation range during this wave of BTC rise, reaching the upper Rebound pressure range of 3250-3450, but did not stabilize. It has been rebounding around the short-term support level of 3030. As long as it does not break, and with the strong BTC long positions, ETH still needs to test the 3450 level in the future market. After the test, we will see if the breakthrough power can continue to pump. In terms of short-term trading, it is also recommended to take a low long position, and it is recommended to enter with 3000 support as the stop loss!