#BTC The market sentiment index for encryption has soared to 90, reaching a so-called 'extreme greed' state. This high-risk emotional state signifies that the market is undergoing a rapid upward cycle, but also indicates an increasing risk of a bubble. Bitcoin continues to hit new all-time highs, but the upside potential has narrowed. However, based on the current market sentiment and trends, breaking through the $100,000 barrier is not impossible. Especially in the current economic environment, the interest in encryption assets has surged among many investors, and the influx of funds into the Bitcoin market is also accelerating. In addition to Bitcoin, the performance of some alternative coins is also quite eye-catching. Projects similar to OM have driven a surge in the entire RWA field, and public chain projects such as Hbar and Xtz have also seen significant increases. The sharp rise in the prices of these projects has brought enormous appeal to investors.

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Recently, Bitcoin has been oscillating at high levels, showing a downward signal in the day session and rising in the evening session. Currently, the trend of Bitcoin remains strong. Do not be greedy to Short, it is more stable to go Long during the pullback. It is expected that Bitcoin will continue to rebound in this upswing, with a high possibility of reaching or even returning to 120,000-130,000. It is expected that this cycle will peak around New Year's Day. During this period, Bitcoin will oscillate at high levels with small fluctuations. It is recommended to go Long during the pullback in trading. The rise in the market may not be as intense as before, but it will gradually rise.
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During this BTC uptrend, ETH broke through the bottom oscillation range and reached the upper rebound pressure range of 3250-3450. However, it has not stabilized and has been rebounding around the short-term support level of 3030. As long as it does not fall below, coupled with the strong BTC long positions, the future market of ETH needs to test the 3450 level. After the test, we will see if the breakthrough momentum can continue to rise. In terms of short-term trading, it is recommended to go long and to set stop-loss at the 3000 support level to enter the market!