It is now 8:56 PM on October 26th Beijing time. The current price of ETH is 1820, and the price of BTC is 34200.
Market Review: Due to Maofu's three-month stay in Tibet in the middle of the year, the market has been relatively sluggish since his return in September, and he has only been active in the market with his old clients. Currently, many friends have once again sought guidance from Maofu, so he has returned to the market to provide market analysis for everyone. Looking ahead to the development of this year and the halving next year, the bull market has just begun, and the bulls will continue to exert force in the future. Please be patient.
Market Analysis: Considering that ETH has only just started to exert force today, the past two days have seen continuous rise in BTC. Let's first look at the overall development trend of ETH. The overall rise started on October 20th, with an increase of 300 points, which is not considered much for Ethereum. In contrast, during the same period, BTC has risen by nearly 10,000 points from October 11th to the present, which is unimaginable. So, from the current perspective, the overall market is in a bull market, and in terms of this year's market, it has been conservatively rising before the year-end, with little activity in the middle of the year. It's only in October that there has been a slight change. Observant friends will surely notice that the year-end rise in the subsequent market is just beginning. After all, the news of halving next year is already certain. Therefore, from the current perspective, the possibility of a short-term pullback is not high, especially since a large number of short positions are still deeply trapped at the bottom. For those who do not have trapped positions, they can continue to go long at low levels. Currently, there should be no problem with BTC reaching 40,000, and Ethereum reaching 2000 is just the beginning. After all, the subsequent market will definitely continue to stimulate funds. Currently, other major markets are not prosperous, and with the US Federal Reserve not exerting too much pressure, combined with the conflict in the Middle East, the cryptocurrency market is the best choice for investors. The current market is just a test by the institutions. After all, a large amount of capital investment definitely requires returns. It depends on whether the institutions need long-term or short-term returns. But currently, the capital is just starting to flow in, so it's not a problem to ride this wave of dividends. Therefore, continue to go long at low levels in the future.
At the same time, BTC is currently approaching a daily trend reversal, and Ethereum has just started to exert force. So, this year, BTC is leading Ethereum, and according to the trend of BTC, it is possible for Ethereum to lead BTC in the future. However, holding onto the positions patiently is the key.
So, today, let's briefly explain to everyone. If there are any questions, you can always consult Maofu. In the future, he will gradually resume videos and the previous update frequency to help everyone solve the confusion in the market.
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