Bitcoin sets a new high at 76400. It is about to enter the 76600-77700 fluctuation zone. Reaching 76000 indicates that 73800 has stabilized. If it breaks and holds here, the next target is 80000. The Federal Reserve's interest rate meeting is tonight, which usually leads to a drop. Leave a small position during the day (for those with low holding costs), enter a primary position during the fluctuations at night, and bottom-fish in the late night. BTC currently shows a dead cross in 2 hours, enter directly at 73300, 72800, and use 72350 as a supplementary entry point.
The unpromising ETH, after breaking below 2800 in August, has returned to 2800 for the first time today; this marks a new beginning. If it breaks 2770 and holds, it indicates a renewed attack towards 3-4k, and altcoins will return. Currently, there is only a minor pullback on the 15-minute chart; we will see the depth of the pullback tonight, temporarily locking in positions between 2770-2742. This is the starting point for the attack from 3 to 4.
Trump's major victory has led the Republicans to take the Senate, and they currently lead in the House of Representatives, likely achieving a sweeping victory; without the constraints of a divided Congress, many of Trump's planned policies can be smoothly implemented. Currently, the market is turning to 'Trump Trade', and before Trump officially takes office on January 20, 2025, going long is a trend-following trade. How should the crypto space position itself next?
Firstly, Trump winning the election is significant because he has a project launching, which can be understood as a Defi or RWA type. This will help the development and breakout of such sectors in the crypto space.
Secondly, the first thing Trump did after being elected was to remove the SEC chairman. Once Gensler, who has suppressed the crypto space for many years, is gone, things that the SEC previously did not allow can have a chance, such as institutions buying ETH ETFs for staking to earn profits, and tokens that the SEC deemed securities can start distributing dividends openly. Some projects that are currently in litigation with the SEC may also be potential beneficiaries.
In summary, the future main lines are quite clear, namely ETH-related sectors + DEFI + RWA sectors, and the strongest combinations of the three, such as LDO, ENA, AAVE, etc. Combined with DEFI from competitive chains like SOL, SUI, APT are also performing strongly today, such as RAY, CETUS, etc. Additionally, DEX types are all potential dividend coins, such as UNI.
Another underlying trend is MEME, but there are many and varied MEME coins launching, with hot spots emerging constantly. It is challenging to find the golden dog among them, and one can only take it step by step. If on-chain PVP seems too difficult, it may be better to look for some alpha within major exchanges; at least this way, the risk of being cut will be somewhat less, as the liquidity of exchanges is continuous.
Bitcoin hits a new high: pay attention to meme coins. I am most concerned about the assets that survive after the PvP on Sol. Altcoins will also have opportunities: VC coins are taking advantage of the new high, and this week various project teams will start energizing the market, releasing good news, and pushing prices up. Just make your move before they do.
The current cycle in the crypto space that can strongly break out may likely be RWA, linking on-chain assets to the real world, forming a closed loop between virtual and real assets. This step of going on-chain must be backed by strong national or governmental departments, and after Trump takes office, this process may accelerate. This is currently the most promising track in the latter half of the bull market, and today's significant rise is not without reason; it may just be the beginning.
