The large meat grinder market that lasted for several months has basically declared an end, and we will welcome several months of unidirectional upward market. With the victory of the understanding king, the fundamentals of the crypto circle have basically stabilized, and SOL and BTC are the first to launch a five-wave charge of the 20-day line.
On the market, we can see that the 20-day KDJ has finally golden crossed; in fact, it closed golden on October 27, but I want to wait for the resonance of the altcoin index (closing on November 16), it still seems conservative.
Currently, it seems that SOL's target should be around 300, and if the market is strong, it can approach 400. BTC may experience an explosion in the fourth quarter; according to the predictions of the Bitcoin cycle master, the target is around 140,000.
Still continue with the leader thinking; it's been great to be involved with MAGA and DOGE during this period, they are the leading themes of the election, and the next leaders will undoubtedly be BTC and SOL, after maximizing those, then look at other altcoins.
It should be noted that BTC and SOL are actually in a five-wave market of the 20-day line, while the entire altcoin market is in a B-wave market, so the strength differentiation of altcoins will be very serious. Betting now is easy to just keep watching and not rise. The strong altcoins are SUI, DOGE, and AAVE; don't fall into the trap of thinking about ambushes. The bull market is short-lived; seizing the opportunity within the limited time to eat meat is the way to go.
Those altcoins with good patterns but no narratives may erupt, but they either lie low for a long time or are not sustainable, wasting time. When the wind rises, embrace the brightest star.
Trump won the election, many things have settled, let's talk about the upcoming thoughts:
Let's talk about meme coins, which remain mainstream in the crypto circle. After the election narrative ends, election coins can be sold; I have taken profits on the remaining squirrel coins. If they go on Binance or something, that's another story; this wave of 3.5m squirrel coins has performed quite well. I'm particularly optimistic about $LUCE on SOL; this wave has washed off many people, and the IP is particularly good. As for庄币, focus on $BAN, which is currently run by the Sun family, and the money is definitely sufficient; it just depends on how to pull up the market. The North American庄币 $AI16Z looks relatively weak, but considering the low national rate, it can be continuously monitored. There aren't many meme coins on #ETH and #Bsc; $SWAG and $KOMA are still worth a heavy investment in terms of cost-effectiveness.
Let's talk about BTC again; after the historical high, many people are looking for a pullback to do a trade, but after today's look, they probably sold at a loss, but there should still be a pullback, need to wait patiently for opportunities. Because of the favorable conditions of Trump's presidency, BTC should perform well in the short term. As for large altcoins, SOL, DOGE, APT, and SUI can all be focused on; I think the rise of the Move system is inevitable. As for ETH, the increase may be moderate, but there is a demand for a short-term rebound. There's no need to pay attention to other things, they're all rubbish, like the two new coins on Binance yesterday, the wealth effect was average, trapping a lot of people. Be aware of the bloodsucking effect brought by the Christmas holidays starting in mid-December.
Trump's election has a profound impact on Ethereum/altcoins, a super variable that directly reverses the awkward situation Ethereum is facing.
On the surface, Trump's presidency is mainly favorable for Bitcoin, including 'establishing a national strategic Bitcoin reserve' and '100% retaining the Bitcoin owned by the U.S.', but there's no mention of Ethereum. However, looking back, Trump's election is much more favorable for Ethereum/altcoins than Bitcoin.
As mentioned earlier, no matter who is elected, it won't change the trend of Bitcoin; the structure of Bitcoin's movement is clear, and there are no legal issues, ETFs have been approved, and more and more institutions are entering the market; 100k-200k-300k is just a matter of time, while Ethereum/altcoins have many issues, which I have emphasized before, heavy vehicles and the application layer can't keep up.
The most important benefit of Trump's election for Ethereum/altcoins, in my opinion, is: the relaxation of crypto regulations, encouraging crypto innovation, including firing Gary. Additionally, Trump clearly mentioned at the Bitcoin conference, 'to design transparent regulatory guidance for the entire industry, and it will be completed within 100 days.'
How to understand the relaxation of regulations, I think it includes several aspects:
- Favorable for project parties, no need to hide, complies with regulations and can land in the US.
- Favorable for market makers, especially proactive market makers.
- Favorable for exchanges, transparent regulatory framework, can work confidently and boldly.
- Favorable for crypto VCs to seek LPs, crypto is put on the front stage, money is easier to obtain, and industry insiders naturally understand.
Who needs the above four conditions: altcoins, behind which is the application layer of crypto.
It is foreseeable that in the next four years, there will be more entrepreneurs joining the crypto industry, increasingly more first-level capital supporting crypto, and more killer applications constantly emerging, which is fundamentally favorable for Ethereum. At least for the next four years, we in the crypto circle must seize the opportunity for vigorous development; this is an unprecedented opportunity in the history of crypto. In Trump's own words, crypto is like steel from 100 years ago, and Trump sincerely recognizes the crypto market; this is our blessing.
If Harris is elected, Ethereum/altcoins won't just be stagnant; they'll have to continue being half-dead for a long time. Without resolving regulatory issues, it's hard for altcoins to rise.
The article ends here; I will do a more detailed analysis in the circle.
