With the conclusion of the US election, Trump won. Bitcoin has risen all the way from around 69,000 to over 76,000, rising by more than 7,000 points. The trend is very strong. There was a correction during the day today. In the morning, with a strong rise in Ethereum, Bitcoin hit a high of around 76,000, and then fell back. The current minimum is 74,450. The volatility of the copycat itself is relatively large. At present, Bitcoin is still at home, so it is better to layout at a low level rather than chasing directly. The cost-effectiveness is relatively limited, and often chasing in will usher in a correction.
There is a chance for a short-term rebound near 74,500 yuan, mainly because the price has not yet completely pulled out of the range, at least above 80,000, the rise of the price may be relatively stable! Currently, it is up and down!
There is a rotation effect of funds nowadays. If your varieties have not risen for the time being, hold the positions patiently. Do not switch positions at will to chase high prices. Just hold on to the spot that you are optimistic about!
Pay attention to the Federal Reserve’s interest rate meeting at 3 a.m. After the news comes out, risk funds should enter the market again, thereby pushing the bitcoin price to a higher level.
After Bitcoin breaks through the new high, all the altcoins will take off. This is what I said before. Yesterday, all the altcoins were pulling up the market. If you didn’t play contracts and didn’t get liquidated, you will make money to some extent. The next two months will be what we call the crazy mode, so you must cherish it.
I have repeatedly told you a logic that once mainstream capital and institutions enter the market, in addition to BTC and ETH, they will definitely think of high-quality copycats with infrastructure.
As for Bitcoin, I think the favorable conditions after Trump took office will continue to ferment, and it is meaningless to analyze the market. The focus here should be on the cycle. If Q4 achieves 10w+, then you can consider taking some profits, and then continue to buy and hold after the pullback. This is also a suggestion for the operation method of escaping the top of Bitcoin!
After BTC reaches a new high, the future is full of stars and sea!
BTC hit a new high on the day of the election, breaking through 76,000. As we all know, the coins that broke the previous high are the strongest. The contract holdings are the same as last week, and the liquidation line with the highest liquidity has been liquidated at 76,400.
Below 7.2W~7.4W is also near the previous high, and there is a considerable long liquidation position. If it falls back, look at this place first.
Current market trends:
Trump's coming to power has brought major fundamental changes to the ETH series of DeFi currencies and staking currencies. Projects that were previously prohibited from staking and issuing coins due to SEC supervision are now allowed to do so, such as Binance's new coin COW and the comprehensive leverage of UNI+ETH.
The main market line of MEME will not change, because meme is the greatest common denominator of the psychology of getting rich quickly among people in the cryptocurrency circle. The leading meme this time is: lowercase Neiro, the AI+meme main line GOAT, one is the ETH chain, and the other is the SOL chain, both of which are places with sufficient liquidity and appeal.
BTC. People may think that the price of BTC was too high in the past, but it was expensive enough that was the reason for large funds to invest. BTC, which had BTC ETF in the past and policy support in the future, has ushered in a thorough fundamental change. When you find that there is no choice of copycats, it is better to just trade BTC. The lower limit has been determined, and the upper limit is still far away.
Some thoughts on the current popular altcoins:
GOAT - The leader of the AI + meme story, with today's flip, I think this story can last for a while.
UNI - With Trump's victory, Unichain will soon eliminate SEC risks, and judging by the upward trend, the market fully recognizes this.
RAY - I think Raydium is better than Uniswa, will generate more fees, token revenue, and share revenue, and is severely undervalued compared to UNI.
SOL - I think is the next Ethereum, further reducing the regulatory advantages of Ethereum, and a SOL ETF may be coming soon.
NEIRO - I mentioned this a few days ago, and very influential whales are promoting it.
AAVE - Similar thesis to Uniswap, AAVE is an overall strong project as one of the leaders in the DeFi track.
DOGE - Musk fully supports Trump, and DOGE is deeply tied to Musk, so after Trump is elected, it will naturally be reversed to DOGE, which is also the catalyst for the recent continuous rise.
TAO - has always been a good choice. Some people are worried about the token release issue. As a leader in the AI field, I don’t think it is serious.
SUI - Leader of the Move language, it looks like this is another round of flywheel experimentation.
Summarize several directions of altcoins:
1: Ethereum L2 and DeFi rebound in resonance.
2: The concept of Bitcoin ecological inscription is regaining momentum.
3: Conceptual assets that combine meme and AI.
4: Leaders will emerge in RWA.
5: A market will emerge for new narrative concepts.
These directions are basically all cheap chips. Find the leading and second-largest stocks to layout. The meme sector is the first choice for the band. For the long-term Bitcoin ecological concept and L2, there is basically no problem with AI.
