Last week, Bitcoin reached a high of 10.8w and then began to fall, with a low of 9.2w
$BTC
Ethereum fell from 4100 to 3100
$ETH
Needless to say, many altcoins have fallen back to the starting point of the bull market, falling to the lows in October and November.
$WIF Raised from 1.7 to a maximum of 4.8, then fell back to a minimum of 1.7

Bitcoin: Don’t leave, my fellow countrymen, this wave of decline is caused by Powell, it has nothing to do with me
At present, Bitcoin is rebounding, but we believe that this wave of adjustment is likely not over yet.
Bitcoin has hardly adjusted much since its rise in November

Recently, I saw many people in the square buying small neiro and squirrel pnut and getting stuck. Many are averaging down and losing a lot, and I might have to pour a bucket of cold water and advise you to stay away from these coins.
$NEIRO has dropped more than 60% from the highest price of 0.0031 in November.
$PNUT has topped today's decline list, dropping 47% from the December high.

These types of coins have a characteristic: they peak upon launch and surge all the way.
Squirrels once tripled in a single day.
Neiro once surged when the market crashed, increasing tenfold in just two months after launch.

Such a surge can easily excite people. Many firmly believe that these will continue to rise sharply.

Bitcoin has been hitting new highs, but the entire market is surprisingly calm. It is found that most altcoins are falling. Ethereum has not been able to stand firm at 4100 so far. Sol has also been falling recently. The meme sector is no longer as popular as before.

The recent altcoin market is a waste of time

Historically, most of the time, altcoins have fallen and adjusted, and only a very small part of the time will they rise rapidly.
$FLOKI
Some coins may fall for half a year, and then soar for only one or two weeks. At this stage, copycat coins can be described as useless.

The cryptocurrency market is about to become a bull market for Bitcoin alone. There is more and more consensus on Bitcoin, and more and more traditional financial institutions are entering the market.

Bitcoin has hit new highs recently, with today’s highest price being 106630
One can't help but wonder, why are there still people buying bitcoins worth more than 100,000 yuan? Didn't they buy it at 20,000 or 30,000 yuan last year, and didn't they buy it at 50,000 or 60,000 yuan this year? Who are the people buying it?
$BTC
Newcomers to the market are buying
It is possible that many people have never known about the cryptocurrency world and have never bought Bitcoin in their daily lives. After seeing the news that Bitcoin has risen a lot, they also want to buy some and wait for the rise.
People who have a firm belief in Bitcoin are buying
These people have a firm belief in Bitcoin. They always believe that Bitcoin's 100,000 US dollars is just the beginning, and it will gradually reach 120,000, 150,000, or even 200,000, 500,000 in the future. Therefore, the current 100,000 is also worth buying, and they can still make money in the future.

First, I don't trade coins with too large market capitalization; Bitcoin's market capitalization is already 2 trillion. Even if it grows in the future, the short-term space won't be very large, and small funds don't need to participate.
I don't trade coins with too small market capitalization; small market capitalization indicates a lack of consensus and there is a possibility of delisting, so it's best to stay away.
I don't trade value coins; value investing can be in vain. No matter how advanced the technology is, it still requires capital investment.

I also don't trade meme coins; meme coins are purely speculative and don't align with my pragmatic investment philosophy.
I don't trade very old coins; there are too many stuck positions in old coins, and it's basically very difficult to return to former historical highs, as seen with FIL.

Bitcoin will rise to $500,000 in the 13th month of this year
This wave of Bitcoin's rise has been going on for almost a month and a half since the beginning of November. At present, the decline of altcoins and the blood-sucking trend of Bitcoin are likely to be the last wave.
Ethereum has been unable to break through 4100 and stabilize
$ETH
The market has been running greedily for a month and a half

$BTC
Bitcoin has not had any corrections, it has basically just dropped slightly and then recovered quickly.
This is longer than most of the time.

Historically, every rise in Bitcoin has experienced effective consolidation and pullback, fully releasing risks.

A few days ago, Bitcoin dipped to 94,000 multiple times, and altcoins plummeted by 30%-40%. Many people are worried that the market will drop to 90,000, or even 80,000, so they hastily sold their holdings.
Now the market is rebounding, and many altcoins are rebounding more than 10% in the short term. Those who cut losses this time are very awkward; if they buy back, the price will be higher than what they sold for before, and if they don’t buy, altcoins might continue to skyrocket, possibly leaving them behind.
In a bull market, the most important thing is to hold firm. Sometimes doing nothing might be the best choice.
This wave of liquidation has been very thorough, with the liquidation amount reaching an astonishing 1.7 billion dollars, and many altcoins are now lighter.

Two days ago, I reminded everyone to pay attention to risks, to sell, reduce positions, and eliminate contract leverage. This morning, upon opening, altcoins collectively plummeted. Two days ago, I advised everyone to take profits; did you run?

In the past 24 hours, contracts worth up to $1.7 billion have been liquidated!

Long positions were liquidated for $1.7 billion; most of the liquidations are altcoins, many of which have dropped by 20%, while Bitcoin has not dropped much at all.
BTC 97,500, dipped to 9,416, currently down 3%
$ETH From 4000 to 3514, a drop of 6%
$SOL Dropped to 202, a drop of 10%
$BOME Dipped to 0.0073, with a maximum drop exceeding 25%

Bitcoin's rise began on November 5th, following Trump's election victory, leading to a continuous surge, starting from $66,000 and breaking through the $100,000 mark, with almost no pullback during the period!
We believe that $100,000 is an important psychological price point, and it has already broken through.
The altcoin season has actually already started.
The increase in altcoins over the past 90 days has been incredible for many (as of December 7).
Meme series, wif, pepe, shib have all seen several times increases.
Platform coins BGB and BNB have also performed well.
Old coins, LTC, XLM have increased several times!

Ethereum-related altcoins and sol-related altcoins have surged significantly, most sectors have rotated through once, or even twice!

$ETH Ethereum has been on a roller coaster three times this year. The first time was in March, when Ethereum broke through 4,000 and was unstoppable.

I thought the March copycat season had begun, but the market suddenly stopped! Later it dropped to 2800! I lost a lot of profits!
But I thought it was just a drizzle at the time, so I held on firmly. Sure enough, the Ethereum spot ETF was approved later, and Ethereum surged to 4,000 overnight! I was very excited at the time, and I regretted buying too little.

I thought it was a sure win this time, but it kept falling afterwards. 805 Ether fell below 2800, with the lowest being 2100!
Equivalent to half a year of bull market, Ethereum returned to the starting point. At that time, I saw many people scolding Ethereum:

The bull market has progressed to now, and my heavy investment in $ETH has also risen quite a bit, but the biggest regret is selling off my 🐶 coin early.
How did I miss out on selling $DOGE ?
As early as February of this year, I had already invested in 🐶 coin. I remember my cost was 0.13u, and in March, it peaked at 0.22u. I didn't sell because I judged it was the early stage of a bull market and I could hold on longer.
Who would have known that a continuous washout began for six months, and at its lowest, the price of doge hovered around 0.09u.

At that time, there were bome with a hundred times in three days, pepe, and neiro, all meme coins that doubled in a few days. A blogger I had been following for a long time said: trade new, not old. Doge's market cap is too large, and its growth is limited; it's better to switch to smaller market caps.

$LTC
$XRP lm, XRP, and DOGE have all increased three to four times. Recently, it has been the spring for old coins.
#山寨币市场观察
Now only Litecoin hasn't really increased much. Looking at Litecoin's monthly chart, it basically hasn't missed any bull market. I believe in the foundation of old coins.