The sentiment index of the encryption market has skyrocketed to 90, reaching the so-called "extreme greed" state. This high-risk emotional state means that the market is experiencing a rapid pump cycle, but it also means that the risk of a bubble is gradually increasing. BTC continues to refresh its historical highs, but the space for further growth has narrowed. However, judging from 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 eye-catching. Projects like OM have driven a big pump in the entire RWA track, and public chain projects such as Hbar and Xtz have also seen significant increases. The big pump in the price of these projects has brought great attraction to investors.

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Recently, BTC has been oscillating at a high level, with downward signals during trading hours and upward movement after-hours. Currently, the trend of BTC remains strong. Avoid being too greedy in shorting positions, and going long on pullbacks is more stable. It is expected that this wave of BTC rally will continue to rebound. There is a great opportunity for BTC to reach or even return to 12-13 above 100,000. The cycle is expected to reach around New Year's Day. During this period, BTC is oscillating at high levels on a small scale. It is recommended to go long on pullbacks in trading. The rally may not be as intense as before, but it will gradually push higher.
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ETH broke the bottom oscillation range during this wave of BTC rally and reached the upper Rebound pressure range of 3250-3450, but it did not stabilize. It has been rebounding around the short-term support level of 3030. As long as it does not break below, and with strong BTC long positions, ETH still needs to test the 3450 level in the future market, and then see if the breakthrough strength 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 the market with a stop loss at the support level of 3000!