The entire market revolves around BTC and DOGE. BTC is accelerating due to the central bank and institutions frantically queuing to buy, and the faster it rises, the more it stimulates these institutions to buy in. The more they buy, the more it encourages the U.S. government to introduce legislation to recognize Bitcoin as a reserve currency, which belongs to a positive spiral.
As for DOGE, it has directly fermented after Musk boosted Trump's election, with not only mainstream funds buying but also countless retail investors buying crazily. Additionally, there are favorable expectations for DOGE to connect with X in the future. DOGE will continue to rise, and breaking $1 is only a matter of time.
Yesterday, the AI sector also erupted, led by $WLD, $Render, etc. The strong ones in the DeFi sector are ENA, UNI, AAVE, etc. Currently, there isn’t much capital spilling into the altcoin level; the ones that are rising now are some strong coins. When BTC rises a bit more or consolidates, there will be a wave of altcoins, but at that time, make sure to take profits.
The trading logic for the future is changing, and everyone needs to timely shift their mindset. Think more about what mainstream funds will prioritize. The bull market in 2021 was driven by incremental retail investors due to DeFi, while the bull market in 2024 will be driven by central banks and institutions frantically buying BTC, so the logic is different.
Currently, there isn’t much talk about sector rotation in the market; it’s in a state of collective surge, but the strong ones are still meme-type coins like DOGE and NEIRO, etc. However, DeFi-related ones are also very strong, with a focus on ENA and BTC.
