After BTC hit 60,700 on Friday night, it rebounded by nearly $4,000 this weekend. On Monday morning, the market began to discuss whether to return to the A-share market tomorrow or continue to stay in the cryptocurrency circle. I think this is not a conflict. Don’t be too black and white. Investment itself is a kind of investment in diversified high-quality targets.
Bitcoin rebounded as expected. The current price is 63,700. It has risen to near the pressure! The turning point of the neck pressure is 65,100. It has rebounded to around the key position! Pay attention to the pressure changes! Don’t be FOMO. On Monday, generally wait for the resonance of the main forces of Europe, America and Asia in the evening to force short and long. It will have a better profit and loss ratio, and the safety factor is also the highest! If the big cake does not break through 65,100 and does not stand firm at 65,500, there is still no basic condition to break the previous high! Only by breaking through 65,500 will there be a new basis for rising!
A few words about the A-share market. As a market that has been "abused" by the people of the country for many years, the A-share market has been strengthened at the national level. I think the comments of some people who are pessimistic about the market after it has just "risen for a few days" are untenable.
Big A is a national tool, a national tool. After being activated with resonance in many aspects for a few days, you tell me that it is going to end?
It is the same as trading. You have to open an order first to know whether this wave is at the hourly level, daily level, weekly level or even monthly level. Don't wait until the bull market has run for more than half, and you haven't even opened an order, but only study. Are you here to make money or do scientific research?
Although the crypto industry has been washed for more than half a year and everyone is exhausted; although the narrative in the circle has been exhausted, and VC coins have become a dog that is ignored and supported by MEME coins; but if you are the original capital of the cryptocurrency circle, in the current global competition for liquidity, the only way to break the circle is to copy, and it must be a copy that can make people rich and create myths.
Market hype is generally divided into two modes. One is artificial narrative, which generally pushes a leading token to an independent market, such as SUI. The other is the brewing, emergence and outbreak of innovation. This innovation may be a fun Ponzi, or it may be a narrative that largely meets market demand.
A big problem in this round is that "there is no narrative that can guide the inflow and transfer of liquidity like in the previous round", and liquidity is the key to asset pricing. If the narrative cannot guide liquidity, it will be difficult to hype assets. Everyone is hyping memes and paying attention to memes. As long as there is a little movement, related memes will quickly appear. But meme narratives are also the easiest to make investors tired, and in the end, there is nothing left.
Q4 Copycat Opportunities
1. Intention Abstraction & Chain Abstraction
The ultimate goal of this narrative is to "allow users and liquidity to enter and participate in Crypto in a low-threshold and non-sensing way", which seems to have a bright future. But this is not Ponzi, and there is a high probability that there will be no large-scale wealth opportunities.
Essentially, these hypes are based on the idea that "cryptocurrency users think this narrative can bring them new buyers." But whether it can eventually bring a large number of real users and liquidity to the cryptocurrency circle remains a question.
The core catalyst of this narrative is the launch of UNI v4
The launch of Uniswap v4 is a catalyst that draws market attention to this narrative. In the future, as this narrative develops, the front end may become the most popular hype target in the market.
Layer 1 Competition
In the current market, Layer 1 competition is the most mainstream narrative, no doubt about it.
In this cycle, the main line of market hype is Solana, and from time to time other Layer1s will pop up to compete with Solana.
Now many Layer1s have begun to try to use memecoin to attract market attention and liquidity, but in the end they have achieved little success (such as BSC)
The reason for being optimistic about Solana is simple. Just look at which company has more large-cap memecoins on Binance. Memecoin is a trump card of Layer1.
AI
There is no need to talk about AI narratives, just look at OpenAI's recent operations. Also, AI tokens used to be linked to Nvidia stocks. Recently, the best performing token in the Crypto AI track is TAO. If you want to choose a token, choose the strongest one.
Stablecoin Competition and DeFi
The competition in the stablecoin market is becoming increasingly fierce. For example, Paypal has entered the market, Binance has turned to support FDUSD, BlackRock is also actively developing the stablecoin market, and Coinbase has launched USDC and Euro stablecoins on Base.
Under this fierce competition, the three tokens that we can hype are Sky (formerly MakerDAO), LQTY and ENA.
meme
I personally think that the mainstream memecoins will see a huge surge after liquidity returns, and WIF and PEPE have the greatest chance. Memecoins are unpredictable and can only follow the trend. Overall, I am still optimistic about the memecoin track, and I think that at least two memecoins with a market value of 10B+ will appear in this track, just like DOGE and SHIB in the last round.
