In a bull market, it is crucial to hold positions. Even if the market experiences a sharp correction in the short term, it may rebound quickly, even double or triple. The recent sharp market fluctuations are indeed anxiety-provoking and fomo-inducing, especially when seeing some people frequently show their huge gains. In the face of this situation, I suggest that if you feel too stressed, you can temporarily stay away from the exchange and reduce the frequency of watching the market, such as once every three days, to stay calm and rational. In a bull market, almost all currencies will eventually rise, and market rotation is inevitable. Patiently waiting for wealth to grow is also an important personal ability.
Patience is golden when investing in cryptocurrencies. If you miss an opportunity, it's better to wait for the next one to come. Rushing to act due to FOMO emotions often leads to a vicious cycle of losses. Stay calm and patient, and you will always find an investment opportunity that suits you. Many people become obsessed with trading, losing interest in other things, constantly staring at trading software, fearing they will miss any market movement. This state of anxiety and unease is definitely not the right way to invest. The correct approach is to maintain a balance in life, manage your time wisely, and make investing a part of life, not the entirety of it. Remember, a healthy mindset and lifestyle are crucial for successful investing. #DOGE看涨情绪飙升
For investors who have not established a basic Bitcoin position and wish to increase their long positions, the market often does not provide ideal entry opportunities. Sometimes, one can only watch helplessly as prices continue to rise, yet find it difficult to identify the right moment to enter. Due to the lack of significant market corrections, the risk-reward ratio for entering midway is not ideal, making it easy to trigger stop-loss orders due to market fluctuations. Therefore, a good position management strategy becomes particularly crucial. When reaching a phased target, it is not advisable to close all positions at once. Instead, one should wait for the market to correct to a point where it is unable to fall further, or gradually increase positions when prices break through resistance levels again. This flexible and cautious approach to increasing positions is the most reasonable operational strategy. By using this method, one can control risks while fully leveraging market fluctuations to increase returns. #BTC连续破新高,你看到多少?
Looking back at the historical cycle, we can see that whenever the market is skeptical about the bull market, the market always responds to these doubts with practical actions. The bull market not only arrived as expected, but also the high point of each round is higher than the previous round. In every large-scale bull market, there is always a group of people who can achieve a substantial increase in wealth. The scale of this round of bull market is expected to exceed most people's expectations. When the price of Bitcoin breaks through the hundreds of thousands of US dollars, it is expected to attract a large number of retail investors and funds to flow into the market, and the enthusiasm and activity of the market will reach an unprecedented height. I wish everyone can get rich returns in this round of bull market and realize the dream of wealth freedom! #BTC连续破新高,你看到多少?
Recently, the market's performance has been like a runaway horse, exceptionally rapid, which may leave many investors feeling unprepared and unable to seize the early stages of the rally in time. However, there is no need to worry too much. A bull market does not mean a one-sided rise; the market will naturally have moments of correction. When a correction comes, do not hesitate; decisively seize the opportunity and bravely enter the market. In the wave of a bull market, the most critical strategy is to select coins carefully and hold on until the expected target is reached. Wishing every investor abundant wealth in this bull market feast and the joy of growing wealth!
Ethereum has risen 37% since its low point on November 5, which is quite close to Bitcoin's 38% increase in the same period. Although Ethereum's performance was weak before, it has recently rebounded. I am personally optimistic about the long-term trend of Ethereum and Bitcoin, and I don't think their performance should be confused with Vitalik's personal affairs.
As for this round of emerging targets, I am more optimistic about $SOL , which has also hit a new high and performed well. Then as for other altcoins, like the spot that I have always been more inclined to buy before, it is $ENA , which has also been super explosive recently, and then TON has also been pulled for a while. There is also $DOGE . Due to its strong correlation with Musk, I think it can be held for a long time. For other altcoins, it is recommended to take the money in time after obtaining satisfactory profits, or at least keep the principal and let the profits grow freely. This strategy helps to make steady profits in the cryptocurrency market and continuously increase wealth through the compound interest effect.
Currently, altcoins are in a stage of rapid growth, but this kind of growth is often short-lived. It is not like Bitcoin or Ethereum, which can last for a long time. Even if it plummets, you can still buy it. Usually, a sector or a theme of altcoins may last for a month or a month and a half, and the rising period is over. Some novices may find the rapid rise of altcoins very tempting, but historical experience shows that many people will eventually lose money in the bull market because they continue to increase their positions after making profits, but altcoins may plummet to near zero. So my advice for holding altcoin spot is: lock in the income in time after obtaining satisfactory profits, retain the principal, and let the profits continue to operate. #DOGE飞”狗“在天
In Bitcoin trading, participating in volatile markets is one strategy, but the key is to set reasonable stop-loss points, remain calm, and avoid blindly chasing highs. It is especially important to avoid the kind of 'foolish short' who feels uncomfortable during an upward trend and attempts to short at the top. This behavior is contrary to profit goals. When this impulse arises, it may be wise to take a moment to pause and reflect on your original intentions and goals for entering the market. #BTC突破8W1大关
In the cryptocurrency world, only when you can analyze the market trend independently can you remain calm about the ups and downs of the market and remain calm about the fluctuations of the market. Act decisively at the right time, without hesitation or delay, which comes from the confidence in your own trading system, that is, always only participate in those markets that are within your ability and can be understood, rather than being driven by greed to pursue profits beyond your ability. In short, it is to insist on trading within your own cognitive scope. Trading is not a means of getting rich overnight, but through reasonable profit accumulation, long-term, stable and sustainable growth can be achieved, thereby ensuring the continuous growth of wealth. #BTC突破8W1大关
Today, we once again witness a historic moment, the price of $BTC continuously breaks new highs, reaching an astonishing $79,788 each! In the cryptocurrency world, this once dormant market seems to be revitalized once again. However, amidst this frenzy, we can't help but ask: does this herald some extremely dangerous signal approaching? #BTC挑战8W大关
Market participants are facing a common question: Should we enter the market? Currently, there is a prevalent contradictory mindset: the fear of missing out keeps people from entering, while the fear of a pullback deters them from taking the plunge. Meanwhile, institutions are continuously increasing their holdings because they need to accumulate enough chips. Once institutions start to act, shouldn't we follow suit? Should we wait until they drive the price up and then get thrown out by market fluctuations? This way, we end up being led by institutions. We must change this way of thinking; some people would rather miss opportunities than risk losing their principal. Because as long as the principal is safe, new opportunities will always arise; once the principal is damaged, opportunities are off the table. Therefore, amidst the market hype, we should remain vigilant. The market cannot only rise without falling; any trend will ultimately face a pullback, which is precisely to allow more funds to enter. Only with sufficient market liquidity can we support greater price increases. Currently, the market lacks liquidity the most. Therefore, despite the market's volatility, we cannot stand idly by; we should be prepared to seize opportunities.
According to historical experience, in a bull market, holding long-term and maintaining a high position are two core strategies to reduce errors and maximize returns.
Firstly, the gains in a bull market often exceed expectations, especially during the main rising wave phase, where short-term gains may surpass long-term accumulated growth. This is known as "high risk, high reward." Therefore, as long as the held cryptocurrencies do not show signs of accelerating towards a peak, one should not easily change positions or exit the market. Historical bull markets have repeatedly proven that frequent trading is a taboo in a bull market; once the rhythm is off, it is easy to fall into the trap of chasing highs and cutting losses. Secondly, in a generally rising market, each operation has a high margin for error. In such a period of high win rates and high returns, the correct approach is to fully utilize the funds at hand to create as much profit as possible. Therefore, maintaining a high position is crucial. Of course, to cope with market fluctuations, one can retain a portion of flexible positions while maintaining a high position to adapt to market changes and adjust the holding structure.
In a bull market, it is the right time to chase rising prices and increase long positions; while in a bear market, maintaining a cash position and watching the changes is a wise move.
When the market's overall trend is clearly upward, there is no need to overly worry about the price being 'high'. Because in a bull market, what seems like a high point now may no longer be a high point in the blink of an eye. As Bitcoin continues to set new historical highs, the spring for altcoins is also approaching. However, among the many altcoins, only a very few—less than 5%—are truly worth investing in.
Remember, the 'bulls' in a bull market are never afraid of the heights.
The market's attention is focused on December, speculating whether there will be new interest rate cuts. Powell has indicated that the decision on rate cuts will be based on economic data and will be flexibly adjusted according to actual conditions. In my view, as long as inflation data does not show a significant rebound, the likelihood of a rate cut in December is very high. The Bank of England has announced a rate cut of 25 basis points, and expectations for the U.S. to follow with easing policies are also rising.
In the context of widespread easing by global central banks, Trump's election may bring new opportunities for Bitcoin to rise, especially if he includes Bitcoin as part of the U.S. strategic reserve assets, which would further expand the price potential of Bitcoin. I hold an optimistic view on Bitcoin's price after Trump's ascendancy, believing that Bitcoin is likely to break through the $100,000 mark. This confidence is based on the fact that the Republican Party, to which Trump belongs, has already controlled both the House of Representatives and the Senate, making him one of the most powerful presidents since World War II, fully in control of both the executive and legislative branches, and with significant influence in the Supreme Court. The Republican majority in Congress provides a solid foundation for the implementation of Trump's policies. In his victory speech, Trump promised to fulfill his campaign commitments to the cryptocurrency industry, which further enhances the optimistic outlook for Bitcoin's future.
Why did gold prices drop after Trump's election victory? First, the certainty of the election results reduced market uncertainty, lowering the demand for safe-haven assets and leading to funds withdrawing from the gold market. Additionally, Trump's tendency to reduce geopolitical intervention may decrease market demand for safe-haven assets. At the same time, Trump's policy proposals, such as tax cuts and increased tariffs, could trigger inflation expectations, prompting the Federal Reserve to adjust monetary policy, which undermines gold's appeal as a safe-haven asset. Then there is the pressure on gold prices from the strengthening dollar, as gold is priced in dollars, and a stronger dollar makes gold more expensive for investors holding other currencies. Finally, funds may flow from gold to risk assets like the stock market, as Trump's victory is seen as beneficial for the U.S. stock market.
These factors combined led to a drop in gold prices following Trump's election.
In 2024, the kings return one after another. CZ returns, Trump makes a comeback to the White House. But amidst all this exciting news, we still need to maintain calm and rationality. First of all, although Trump has won, he will not officially take office until January next year. Secondly, many of the policy visions proposed by Trump are unlikely to be realized in the next four years. Finally, let's not forget that the historic 312 crash occurred during Trump's term. Meanwhile, during the Democratic administration, Bitcoin and Ethereum ETFs were approved.
Although Trump's return may bring some positive effects to the cryptocurrency market, the impact may not be as exaggerated as some voices in the market claim. Everyone should remain rational and cautious, and not get carried away.
Yesterday I posted a video on YT discussing my short-term prediction for Bitcoin: I believe that in the short term, BTC won't go down significantly, but there will be a long resistance above, roughly at the 76,000 level.
Last night, while we were still sleeping, Bitcoin rose to 76,800 but quickly came back down. Today, someone in my group asked why it can't go up once it reaches the top, but also can't go down? The fundamental reason is that at this level, many bulls are starting to take profits. This group of people has made considerable profits; many may have already earned 20-30% or even 30-40%. Some others entered when it was above 30,000, and in just a year, it has doubled. For many, this is already a high return, so it's very reasonable for them to take profits at this time.
Therefore, I still believe that in the short term, above this level, which is around the 76,000 area below 77,000, there should still be quite strong resistance. However, I believe that as this wave of bulls is gradually digested, there might be a pullback within 10 points, and then Bitcoin will reach even higher levels. So if you hold spot and you are optimistic, you can hold it long-term.