Yesterday, the Ethereum series took off, and various altcoin sectors began to move and rotate sectors. Meme, public chain, and game sectors have all started, and the only ones left are the inscription and telegram sectors.
Today's market analysis Btc: In yesterday's market analysis, it was clearly stated that the market would rise in the evening, and it did rise today. The weekly Macd golden cross near the 0 axis, and the daily level of growth has not yet ended. In addition, with the high probability of Trump's re-election, it is expected to break through the 70,000 mark this week. Follow the bullish trend and do not make counter-trend short orders for the time being. When the bulls are weak, the trend long orders will decisively reduce their positions at high altitudes.
ETH is also rising, and the increase is a little more than Bitcoin, which shows that the sentiment is up, so take advantage of this wave.
I am personally bullish before the election and the market will not pull back too much. There may be a wave of pullback when the positive effects of the election turn into negative effects. I will sell part of my position in early November when the election approaches and the market rises.
Let’s talk about the secondary market:
Judging from the structure of copycat funds, the increase in this round of copycat market will definitely not disappoint everyone, although we dare not say that this will be the most exaggerated one in history.
The accumulation cycle is very long. In the past, it took about a month for the copycats to accumulate funds, but this time it generally took 2 to 3 months. Not only the accumulation, but this round also experienced an extreme wash. Now looking back on it, I feel terrified by all kinds of abuses in the past year.
If the leading copycat stocks in each sector dare to fall, you must buy them. The leverage should be controlled below 3 times. They are all at the bottom on the weekly chart. The copycat season will generally rise sharply before the end of the rise, and the price may rise several times in a month, similar to Ape and dydx.
The sectors will also rotate. If it is not your turn, just be patient and hold on to the currencies. They will all rise in turn. Although the Inscription + Telegram ecological currencies are rubbish, if you hold on to them again, those who can survive will be considered to have crawled out of the pile of dead bodies.
At present, the performance opportunities on cex will be better, and the altcoins are all at the bottom, so everyone should actively adjust their strategies. When the on-chain PVP is not working, you should return to cex to see where there are many cheap high-quality chips.
Bank of America also recently issued a warning that gold is a traditional safe-haven asset.
With the approval of ETF, Bitcoin has also become the "digital gold" of institutions and high-net-worth individuals. Currently, ETF holds more than 1 million Bitcoins, with a value of more than 60 billion US dollars. The United States intends to include Bitcoin in its national strategic reserves. As institutions adapt, ETFs are likely to push up the market value of BTC in the future.
Based on this macro background, Bitcoin has led to a bull market in crypto finance, and various financial derivatives and tools have become increasingly sophisticated. However, the ecological status of the crypto market itself is still "cold as ice", with no substantial large-scale ecological landing, and the existing funds can only continue to speculate on meme coins.
However, there may still need to be an opportunity for these ecosystems to experience explosive growth and drive the healthy development of the industry. More importantly, it is necessary to allow the tokens to be truly used rather than hyped and constantly unlocked to make money.
How to get MEME Gold Dog?
1. Only when the market is good can meme have a basis for hype.
2. Good background connections, institutions or OGs with high weight
3. Follow market sentiment
4. Luck
The probability of making money in the short term by speculating in meme coins is relatively high. But if you want to bet on Binance and become a big golden dog, you need luck and persistence. But the premise of all this is that the narrative of this meme must be good and it must be the core focus of the market. When faced with new and unique MEMEs, if you see a trend of market discussion spreading, immediately intervene in trial and error, buy first and then study in detail.
Several major trends continue to be bullish:
1- Institutions have been buying BTC and will continue to buy until the market value exceeds that of gold.
2-meme coins will become the most powerful track after the main uptrend of BTC.
Regardless of whether the popular memes on the chain are listed on the big exchanges or not, at least 5 memes that are currently worth only a few hundred million US dollars will impact 10 billion US dollars, and even only need to be on the chain. That is 10-20 times the space - because funds are surging in the bull market.
3- Leader + heavy holdings, maximum profit.
4- AI+Meme, Goat's success has given Meme stories a new narrative that is different from the previous reliance on real animal IPs, generating content and interaction through AI. Because AI is the main line of technological innovation that can be foreseen in the next 20 years, AI-based Memes will be a long-term hottest sector in the cryptocurrency circle, so everyone must keep paying attention!
