November 18, 2024

Compared to the craze of the previous few days, the past two days are slightly better, mainly because Bitcoin did not continue to reach new highs, but instead made a small range consolidation at a high level. In this case, we generally treat it as a relay rise in the process of rising. If it continues like this, it is likely to complete the adjustment by "falling sideways". In any case, even if Bitcoin breaks 90,000, it is still the early stage of the entire bull market. In this way, my bull market high of 100,000 for Bitcoin will become very easy.

Seeing that Bitcoin's 100,000 goal is about to be achieved, the second-largest Ethereum's goal of 10,000 US dollars is out of reach. This round of market did not start from the Ethereum ecosystem, which is the main reason. Another direct reason is that Ethereum's car is too heavy. In the absence of an ecological project explosion, it is not feasible to attract users and funds by pure pull. In terms of chip structure, it is obvious that SOL and DOGE are more concentrated, including BTC's chips are more concentrated than Ethereum, because retail investors may configure Ethereum, but they are unlikely to buy Bitcoin.

It is said that the cryptocurrency industry is still in its early stages. In addition to the low overall market value (of course, it is okay to only look at the market value of Bitcoin), the main reason is that there is no large-scale commercial application, and it is just a small fight among people in the circle. From the perspective of configuring Ethereum, it is not only to bet on the main force to pull the market, but also to bet on an ecosystem that is out of the circle and the birth of a supercomputer system. To put it in a bigger way, this is faith. Therefore, when the price of Ethereum rises less than expected, it may need a little more idealism, and isn’t this the purest thing in the Bitcoin community?

Combined with the market conditions, there is a high probability of adjustment at this position. If you don’t want to stop profit and exit U, I would suggest some high and low switching. Ethereum and its ecology, especially DeFi and LSD, are both offensive and defensive options. Of course, it is undeniable that the Solana ecology is still on the rise, but the market value of some new or sub-new coins is already a bit too high. Can the market really bear the market value of hundreds of millions of US dollars? The inscription cloud in March has not completely dissipated. This time, be cautious.

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