I had some family matters and went back to my hometown for a week, so I didn't have time to update the article. But what I didn't expect was that during this period of time, the originally flat market suddenly set off a magnificent wave in the past two days.

Bitcoin broke through 35,000 US dollars in one fell swoop, which really proves the saying that when there is one big positive line, thousands of troops will come to meet it; when there are two big positive lines, the coin god and big V will appear.

The more clear market news at present is that BlackRock's BTC spot ETF code-named IBTC has been listed on the DTCC, giving people the feeling that the BTC spot ETF has been approved and the bull market is about to start.

In fact, this is not the case. DTCC is an institution responsible for clearing and custody, and most securities in the United States are settled through it. Although the DTCC is online, it does not mean that the ETF can be approved, because these are two systems, but it is a preliminary step and can be understood as obtaining preparatory work before listing.

However, according to reports, BlackRock is also preparing to start raising seed funds for this ETF, which shows that it is confident in the ETF. In the crypto financial circle, market confidence is everything, which can also be understood as market consensus. Anyway, there are always reasons when prices fall, and there are always people who believe in some reasons when prices rise. With the arrival of the expected reduction in production, the future will definitely be better.

I took a quick look at the cumulative gains of the top 200 tokens in the crypto market this week:

The cumulative increase of Bitcoin BTC is 22%. If the cumulative increase of the coins you bought did not outperform Bitcoin, then you should reflect on whether your positions in unpopular altcoins are too heavy.

Mina is the best performer today. The fundamental reason is that it is listed on the Korean exchange. As we all know, Koreans have the most serious Fomo sentiment when speculating on cryptocurrencies. When the price goes up, no one will accept it. However, once the heat is over, it will return to where it came from. Generally, for this kind of token, unless you are very sensitive to the news and buy it as soon as you see it, you will basically have no chance to get it.

Among them, the tokens that performed relatively well in this round of market include: INJ, PEPE, RUNE, LINK, SOL, STX, etc.

These tokens were actually mentioned in my previous article, and they are all tokens that have perfectly outperformed Bitcoin. For example:

Chainlink has almost unlimited potential value capture as a decentralized computing platform (data, computing, cross-chain). Especially through CCIP, it has now become an indispensable part of the next wave of RWA.

LINK is on track to create a new ATH in 2024, ahead of most alternatives that have no fundamentals.

Injective is the best performing altcoin in 2023 and the fastest Layer1 built specifically for finance and institutions. Its growth process cannot be ignored.

Solana, which many thought would die with FTX, turns out to be the next enhanced version of ADA. It has one of the most active ecosystems among all cryptocurrencies and attracts major players inside and outside DeFi.

THORChain is a decentralized liquidity protocol for seamless asset exchange across networks and full custody of assets. Since it launched ThorFi - lending protocol, the positive flywheel effect is turning, which can be seen from its recent trend.

Stacks is the first crypto project to be issued with SEC registration. It is the smart contract layer of BTC, which enables smart contracts and Dapps to use BTC as an asset and settle transactions on Bitcoin. In simple terms, in the entire BTC ecosystem, STX is equivalent to the leading coin among them, and the rise and fall range is equivalent to the leveraged pie.

In addition to the above, you can also pay attention to ORDI, BCH, and BSV related to BTC ecology and POW in the near future.

Among them are AC series flywheel FTM, YFI, etc., the second layer ARB, OP ecological incentive plan, LSDfi series LDO SSV, etc., and derivative series DYDX, GMX, etc.

Friends who missed out on opportunities don’t need to be anxious. For example, I missed out on a lot of opportunities in 20 years because I didn’t fully invest at the lowest point. For some coins, such as ADA and MATIC, I didn’t start investing until they had risen several times from the lowest point. But this did not affect my ability to benefit from the subsequent main uptrend.

To beat the market, we must remember the three main elements of trading: a good mindset, a logical trading system, and an effective risk management plan. Correct trend investing is about eating the belly of the fish, not just the head and the tail.

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I hope this topic is helpful to you. 🙏Thank you for your likes and support👍