Bitcoin's rise began on November 5th, following Trump's election victory, leading to a continuous surge, starting from $66,000 and breaking through the $100,000 mark, with almost no pullback during the period!
We believe that $100,000 is an important psychological price point, and it has already broken through.
The altcoin season has actually already started.
The increase in altcoins over the past 90 days has been incredible for many (as of December 7).
Meme series, wif, pepe, shib have all seen several times increases.
Platform coins BGB and BNB have also performed well.
Old coins, LTC, XLM have increased several times!
Ethereum-related altcoins and sol-related altcoins have surged significantly, most sectors have rotated through once, or even twice!
But now is the time to pay attention to risks, not greed!
After breaking $100,000 last week, there was a sudden drop to $90,000 at 6 AM.
Bitcoin has shown long lower shadows for two consecutive weeks! Ethereum has also reached a historical major resistance level of $4000, and the market has been extremely greedy for a month! All of this indicates that the market is about to start adjusting, and the adjustment for altcoins will be even more severe!
There is nothing new under the sun; every attempt to sell at the highest point is unrealistic. Therefore, the time ahead is when you should reduce your altcoin holdings, lower your leverage, and protect your profits and capital. This time may not be much.
